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Apr
10th

Hecker charged with 2 DUI misdemeanors

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Embattled car dealer Denny Hecker has been charged with two misdemeanor counts, stemming from an auto accident he had in December. Full story...
Apr
10th

U.S. Mitsubishi dealers will get electric vehicles:

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Mitsubishi Motor Corp. will introduce a small electric car to sell at its U.S. dealerships. Full story...
Apr
10th

SandP cuts GM, Chrysler ratings, says defaults likely

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Standard and Poor's today cut certain debt ratings of General Motors and Chrysler LLC, citing lower likelihood of recovery by their debtors in the event either carmaker defaults on the loans or files for bankruptcy. Full story...
Apr
10th

SandP cuts ratings on Chrysler debt

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Standard and Poor's Rating Services today lowered its debt ratings on Chrysler LLC loans due in 2013 and 2014, citing a lower potential recovery by debtors in the event of payment defaults by the carmaker. Full story...
Apr
10th

SandP cuts GM credit ratings, says default likely

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Standard and Poor's cut its rating on General Motors $4.5 billion senior credit line deeper into junk, due to a shrinking pool of assets available to repay lenders and weak demand for its light vehicles. Full story...
Apr
10th

Ex Ford, Mazda designer to head styling at Renault:

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Former Ford Motor and Mazda designer Laurens van den Acker will succeed Patrick le Quement as head of design at French automaker Renault. Full story...
Apr
10th

NEWS BRAKE: Friday, April 10:

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In today's News Brake: Uncle Sam goes on a buying spree for new cars; we take one last lap around the New York auto show and check out the Mitsubishi Outlander GT Prototype, Kia Forte Koup and Mercedes-Benz E230 diesel; and check out the new... Full story...
Apr
10th

Can’t drive 55? We go 200 mph, and you can, too–maybe:

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One of the few animals you don’t expect to see in the middle of the Everglades is a white elephant, but there it is. A couple of miles north of U.S. Highway 41, between Miami and Naples, Fla., you’ll find the Everglades Jetport. Full story...
Apr
10th

Debt offering to net BorgWarner about $362 million

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Supplier BorgWarner Inc. said Thursday it expects to net $362.2 million from the debt offering it issued on Monday. Full story...
Apr
10th

Ex Ford, Mazda exec to head Renault design

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Former Ford Motor and Mazda designer Laurens van den Acker will succeed Patrick le Quement as head of design at French automaker Renault. Van den Acker, 43, quit as head of design at Mazda earlier this month. Full story...
Apr
10th

Ex Ford, Mazda designer to head styling at Renault

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Former Ford Motor and Mazda designer Laurens van den Acker will succeed Patrick le Quement as head of design at French automaker Renault. Van den Acker, 43, quit as head of design at Mazda earlier this month. Full story...
Apr
10th

A123 battery plant won’t depend on U.S. financing

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A123 Systems will build a battery plant in Michigan regardless of whether it receives federal loans. Full story...
Apr
10th

2009 March Auto Sales: Still on Hold

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2009 March Auto Sales: Still on Hold
2009 March Auto Sales - Car Sales Analysis - Automobile Magazine
To the surprise of absolutely no one, auto sales in March were dismal, again.

To the surprise of absolutely no one, auto sales in March were dismal, again. Any month that sees the stock market fall back onto its face, job losses surge (especially among white-collar workers), and renewed talk of bankruptcy for GM and Chrysler isn't going to be a month when droves of consumers suddenly decide to rush down to their local dealerships with fistfuls of cash in hand. Industry-wide, sales were down by 37% compared to a year ago, but what few people remember is that March 2008 sales weren't so great either, off by 12% from the prior year. What's striking about this March is that there's been very little change in the mix of which models are relatively strong and which are practically sale-proof, as we'll see when we compare the March '09 sales figures and those for the first three months of the year.


Photo Gallery: 2009 March Auto Sales - Car Sales Analysis - Automobile Magazine


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Apr
10th

Hot diesel: Porsche drops an oil burner into the Cayenne :

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For years, rumors suggested that Porsche would drop a diesel into the Cayenne. It seemed obvious. Full story...
Apr
10th

Audi’s new A5/S5 convertibles are a bunch of softies:

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When Audi's line of A5 and S5 convertibles hits these shores in October, they will feature something most other luxury cabriolets don't have: an old-fashioned soft top. Full story...
Apr
10th

Luxury Sedan Comparison: 2010 Mercedes Benz E350, 2009 Audi A6, 2009 BMW 528i

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Luxury Sedan Comparison: 2010 Mercedes Benz E350, 2009 Audi A6, 2009 BMW 528i
2010 Mercedes Benz E350, 2009 Audi A6, 2009 BMW 528i - Luxury Midsize Sedan Comparison - Automobile Magazine
Breaking new ground: the 2010 Mercedes-Benz E-class aims to surge ahead of the Audi A6 and the BMW 5-series.

In the past, the traditional German rivals in the mid-size sedan segment - the Audi A6, the BMW 5-series, and the Mercedes-Benz E-class - played specific roles and carved out their own places in the market. BMW positioned the 5-series as the dedicated driver's car, Audi was first to offer four-wheel drive and direct-injection engines, and Mercedes emphasized comfort and prestige.


Photo Gallery: 2010 Mercedes Benz E350, 2009 Audi A6, 2009 BMW 528i - Luxury Midsize Sedan Comparison - Automobile Magazine


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Apr
10th

Former exec returns to Toyota U.S. unit amid slump

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Toyota Motor Corp., battling a deep sales slump in the United States, is bringing back a former senior executive credited with helping drive fast growth in the U.S. market earlier this decade. Full story...
Apr
10th

Mercedes hints at small diesel for E-class

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In the biggest hint yet that it intends to introduce four-cylinder diesel power to its North American lineup, Mercedes-Benz unveiled a new E250 Bluetec concept at the New York auto show this week. Full story...
Apr
10th

Abu Dhabi fund not planning Daimler, Opel purchases

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Abu Dhabi's government-linked investment fund Aabar does not plan to buy further shares in Daimler or a stake in Opel, a spokesman for Aabar said. Germany's Focus magazine said Abu Dhabi was in talks to raise its Daimler stake from 9. Full story...
Apr
10th

Abu Dhabi fund not planning Daimler, Opel purchases

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Abu Dhabi's government-linked investment fund Aabar does not plan to buy either further shares in Daimler or a stake in Opel, a spokesman for Aabar said. Germany's Focus magazine said Abu Dhabi was in talks to raise its Daimler stake from 9. Full story...
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