The White House on Friday opted against appointing a "car czar" to oversee the $17.4 billion bailout of U.S. automakers, handing oversight responsibility to Treasury Secretary Henry Paulson instead.
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The White House on Friday opted against appointing a "car czar" to oversee the $17.4 billion bailout of U.S. automakers, handing oversight responsibility to Treasury Secretary Henry Paulson instead.
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The U.S. government is offering up to $17.4 billion in emergency loans to domestic automakers, providing some breathing room to General Motors and Chrysler LLC as they try to shore up their cash position and restructure.
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In brighter times, Cerberus Capital Management LP hoped to save Chrysler LLC, which it called an American automotive icon.
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The 41st edition of the Montreal Auto Show will be held from January 16 to 25, 2009, at the Palais des Congrès of Montréal. Until January 4th, 2009, you can purchase your tickets for $11 each online at www.montrealautoshow.com.
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Bernie Ecclestone, Formula 1's suppremo, has struck back with a vengeance against Luca di Montezemolo, after the Ferrari president hinted heavily that he should quit.
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The C-Class is an entry-level Mercedes-Benz product that's available as a used hatchback, wagon or sedan- depending on the year in which you happen to be shopping. The model range has been around and successful for some time, bringing the brands promise of elegant luxury, advanced safety and appreciable performance to a relatively affordable level.
Full story...
The 41st edition of the Montreal Auto Show will be held from January 16 to 25, 2009, at the Palais des Congrès of Montréal. Until January 4th, 2009, you can purchase your tickets for $11 each online at www.montrealautoshow.com.
Full story...
This year at the Montreal show, Nissan has chosen to present its new cube that will be on sale next spring. With the same powertrain as the Versa hatchback, the cube is a rival to breadboxes such as the Honda Element and Scion xB.
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This year will be a big one for Mercedes-Benz in Detroit: on top of the three BlueZero concepts and the production version of the 2010 Class E, the automaker will be presenting what will probably turn out to be the highlight of the show.
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The 41st edition of the Montreal Auto Show will be held from January 16 to 25, 2009, at the Palais des Congrès of Montréal. Until January 4th, 2009, you can purchase your tickets for $11 each online at www.montrealautoshow.com.
Full story...
Bernie Ecclestone, Formula 1's suppremo, has struck back with a vengeance against Luca di Montezemolo, after the Ferrari president hinted heavily that he should quit.
Full story...
The C-Class is an entry-level Mercedes-Benz product that's available as a used hatchback, wagon or sedan- depending on the year in which you happen to be shopping. The model range has been around and successful for some time, bringing the brands promise of elegant luxury, advanced safety and appreciable performance to a relatively affordable level.
Full story...
Joel Piaskowski, the chief designer for Hyundai Motor America, is resigning after six years at the company. Hyundai spokesman Chris Hosford said he didn't know what Piaskowski's plans are after he leaves at the end of the month.
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In brighter times, Cerberus Capital Management LP hoped to save Chrysler LLC, which it called an American automotive icon.
Full story...
Audi of America today announced prices for its updated A6 family, which goes on sale in U.S. dealerships early next month.
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The deteriorating economy, the precarious employment situation and the lack of available credit will push the annual sales rate in December for US car sales to their lowest level of the year below 10m units, Edmunds.com forecasts.
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General Motors' credit rating was cut by Fitch Ratings today to "C," the last step above default, saying the threat of a bankruptcy remains after a $17.4 billion rescue plan for U.S. automakers.
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For General Motors and Chrysler LLC, the White House's $17.4 billion bridge loan is an early Christmas present.
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Sprinkled in among the resto-mods, classic cars and a Ford Tri-Motor airplane that cross the block at the Barrett-Jackson auction in Scottsdale, Ariz., in January will be some pieces of General Motors history.
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