A Democratic senator today urged President Barack Obama to require Chrysler LLC to repay the federal bailout money it received if Italy’s Fiat SpA should take a controlling stake in it. Sen.Read more
Struggling British luxury car maker Jaguar Land Rover said today it did not want a government bailout, but did want credit flowing again either from direct lending or state-backed loans.Read more
How is our 2008 BMW 135i faring after nine months in the Automobile fleet?
The complaints about the too-firm suspension, especially on rebound, has reached a fever-pitch now that the pavement has begun to crack and crumble in the winter weather. While a good number of those complaints have come from Road Test Editor Marc Noordeloos – our most vociferous stiff-suspension stickler-many others have now joined him to form a chorus of complaints. “Teeth-jarring,” “a fair bit of impact harshness from rear suspension,” and “the M3 coupe rides better than the 1-series, as does pretty much everything else BMW makes,” are just a few. Short wheel-travel is partially to blame for the ride-harshness. And, because the distance between the tire and the surrounding sheetmetal is so small, snow tends to get packed inside the wheel well, causing some minor vibrations and further degrading the ride.
Photo Gallery: 2008 BMW 135i – Four Seasons Update – Automobile Magazine
Our fascination with the future Mercedes-Benz E-class continues.Read more
Our staffers – especially those who have been around for a while – seem to have have a soft spot for the 2008 Chrysler Town & Country.
Do you have your original copy of Automobile Magazine’s first (April 1986) issue on hand? Good. Take a look at the cover. No, no, the back cover. That’s right: a Chrysler minivan. It was also included in our first list of All-Stars, made our “20 greatest cars” list, and has maintained a regular presence in our Four Seasons fleet. It’s safe to say, then, that our staffers – especially those who have been around for a while – have a soft spot for what may very well be Chrysler’s greatest contribution to the auto industry. But some ten months into our latest go-around, this time with a 2008 Chrysler Town & Country, we’re starting to feel the design’s age.
General Motors and the U.S. Securities and Exchange Commission have agreed to settle a series of investigations of GM’s accounting and disclosure practices.Read more
Standard and Poor’s today placed ratings of Fiat SpA and its North American unit CNH Global NV on review for a possible downgrade, citing the group’s growing debt burden, shrinking liquidity position and the troubled outlook for the car sector.Read more
Fiat Group CEO Sergio Marchionne said today he has “absolutely no intention” to run Chrysler LLC if the two companies complete a proposed partnership.Read more
Fiat has cut its 2009 earnings forecast and said it won’t pay a dividend after Q4 profit plunged as the recession hit its sales.Read more
Curious about how Toyota really works? Check out this episode: A Toyota engineer has to make a business trip from company headquarters in Nagoya to Tokyo.Read more
Brilliance Auto, the Chinese partner of BMW, plans to build a RMB3bn (US$439m) car plant in north east China.Read more
Supplier Dura Automotive Systems Inc., which emerged from Chapter 11 reorganization last summer, is taking the first step toward becoming a private company, according to regulatory documents filed late Wednesday.Read more
Hyundai Motor is reported to have put expansion plans in Brazil on hold, postponing the building of a US$600m assembly plant announced last September due to the global economic slump.Read more
GM and Uzavtoprom have completed the creation of their joint venture to produce automobile engines in Uzbekistan’s Tashkent region.Read more
Renault chief Carlos Ghosn has said he would forego his bonus payment this year after the French government announced a large aid package for struggling car makers.Read more
Toyota Motor is considering selling the new IQ microcar in the US market, a senior executive said.Read more
Profit at Hyundai Motor Co. slid 8.9 percent in the fourth quarter, despite help from favorable exchange rates that lifted revenue from exports. Operating income sank to 581 billion won ($524.8 million) in the three months ended Dec. 31, from $576.Read more
Kia is staying on schedule with plans to start production in its key US export market.Read more
Hyundai Motor and affiliate Kia Motors have posted sharply lower operating profits.Read more
Highlights from the US show floor, plus a Presidential debut.Read more