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May
5th

GMAC extends suspension of curtailment payments through May

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GMAC Financial Services is extending through May a policy that allows dealers to avoid making certain payments on aging inventory. GMAC had suspended dealers' so-called curtailment payments in April. Full story...
May
5th

GM plans to retain Saturn’s hybrid powertrains

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The death of the Saturn brand won't slow down the roll-out of General Motors' plug-in hybrid powertrain, Tom Stephens, vice president of GM's global product development said today. Full story...
May
5th

Dissident Chrysler lenders step up opposition

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A small group of Chrysler LLC's lenders on Tuesday raised further objections to the Obama administration's plan for a quick dash through bankruptcy and called on the judge overseeing the case to block the effort. Full story...
May
5th

Review: 2010 Lamborghini Gallardo LP560-4 Spyder

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Review: 2010 Lamborghini Gallardo LP560-4 Spyder
2010 Lamborghini Gallardo LP560-4 Spyder - Lamborghini Exotic Sport Convertible Review - Automobile Magazine
The latest Gallardo Spyder is one of the quickest ragtops in the world, with Lamborghini claiming a 0-to-62-mph time of 4.0 seconds - likely a conservative number - and a breathtaking top speed of 201 mph (with the top in place, thank you, not that we tried it).

At 12,198 feet, Mount Teide might be the highest point in all of the territories that comprise Spain and one of the main tourist sites in the Canary Islands. But on this particular Thursday in March, at the parking lot of the viewing center nestled in the volcanic rock near its summit, El Teide is definitely a second-string attraction for the tourists milling about. That's because the mountain, which last erupted in 1909, has been upstaged by the fleet of 2010 Lamborghini Gallardo LP560-4 Spyders that just came roaring in. A single example of the ragtop version of the revised Gallardo coupe that debuted last year would garner attention wherever it went, even if it were painted generic silver. But what we have here at the top of Tenerife is a flotilla of more than a dozen Gallardo Spyders painted dayglow yellow, electric lime green, brilliant blue, matte black, and crisp white with black wheels, among other eye-popping shades. The cabins are just as colorful and enticing, every inch of them lined with exquisitely detailed leather. (Our favorite? Pearlescent white paint over rich, dark brown hides. Scrumptious.)


Photo Gallery: 2010 Lamborghini Gallardo LP560-4 Spyder - Lamborghini Exotic Sport Convertible Review - Automobile Magazine


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May
5th

Ford gets $159 million Michigan tax credit for plant conversions

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Ford Motor Co. is looking at making a $400 million investment in its Michigan Assembly Plant and a related stamping operation in Wayne, Mich., aided by some $159 million in state tax assistance approved today. Full story...
May
5th

Hecker ordered to pay Ford $3.15 million

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Denny Hecker has been ordered to pay Ford Motor Co. $3.15 million by a federal judge in Minnesota, a spokesman for the dealer confirmed today. The Ford ruling in U.S. District Court follows last week's $476. Full story...
May
5th

Bondholders take tough stance in GM talks

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A looming General Motors bankruptcy won't deter bondholders from pressing ahead with demands for more favorable treatment in the automaker's restructuring, an adviser for the creditors said. Full story...
May
5th

Chrysler to ‘remain intact’ outside N.A.

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Chrysler LLC said its operations outside the United States won't be affected by its bankruptcy filing or its planned alliance with Fiat S.p.A. Full story...
May
5th

Chrysler to ‘remain intact’ outside North America

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Chrysler LLC said its operations outside the United States won't be affected by its bankruptcy filing or its planned alliance with Fiat S.p.A. Full story...
May
5th

UAW raises objection to GM restructuring plan

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The UAW is calling on the U.S. government to reject General Motors' latest restructuring plan, saying it would cut U.S. factory jobs and clear the way for increased imports from plants in Mexico, Korea and China. Full story...
May
5th

US: Ford monitors suppliers post-Chrysler Ch11

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Ford's purchasing department has sent a memo to major Ford suppliers following Chrysler's Chapter 11 filing last week amid concerns over the wider impact of Chrysler's bankruptcy and production halt on the North American supplier industry generally. Full story...
May
5th

Democrats cut deal on cash-for-guzzlers measure:

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Democratic lawmakers have proposed a cash-for-guzzlers bill that would provide vouchers of up to $4,500 to people who trade in cars and trucks for new, more fuel-efficient vehicles, Rep. John Dingell said. Full story...
May
5th

Dems cut deal on cash-for-guzzlers measure

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WASHINGTON -- Democratic lawmakers have proposed a cash-for-guzzlers bill that would provide vouchers of up to $4,500 to people who trade in cars and trucks for new, more fuel-efficient vehicles, Rep. John Dingell said. Full story...
May
5th

Democrats cut deal on cash-for-guzzlers measure

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WASHINGTON -- Democratic lawmakers have proposed a cash-for-guzzlers bill that would provide vouchers of up to $4,500 to people who trade in cars and trucks for new, more fuel-efficient vehicles, Rep. John Dingell said. Full story...
May
5th

NEWS BRAKE: Tuesday, May 5:

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In today's News Brake: In an exclusive interview, GM CEO Fritz Henderson talks about the future of the Corvette; Chrysler says its 2010 models will be delayed; and Roger Penske is gazing at Saturn ... But Wait, There's More! Full story...
May
5th

DUBAI: Business as usual outside NA – Chrysler exec

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Chrysler operations outside North America would not be affected by the bankruptcy filing in the US or the planned alliance with Fiat, a senior executive said on Tuesday. Full story...
May
5th

Chrysler units in Europe and rest of world safe for now

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DUBAI (Reuters) -- U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A. Full story...
May
5th

Chrysler units in Europe, Middle East, the rest of world safe for now

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DUBAI (Reuters) -- U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A. Full story...
May
5th

Chrysler units in Europe safe for now

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U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A. Full story...
May
5th

Revenue drops 33% at Federal-Mogul in Q1

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Supplier Federal-Mogul Corp. cut 2,500 jobs in the first quarter while the auto supplier widened its net loss and saw revenue drop 33 percent. Full story...
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