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Dec
12th

Mercedes previews new B-class with Detroit concepts:

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Mercedes-Benz is bringing a trio of clean-running concept cars to the Detroit auto show next month. The five-seaters give us a preview of the new B class and all carry the BlueZero name. Full story...
Dec
12th

GM slashes 250,000 units from Q1 production

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General Motors today announced it will slash 250,000 units from its North American production schedule in the first quarter. Full story...
Dec
12th

Study: Shoppers finding, buying more used vehicles online

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The number of U.S. shoppers who discovered and bought used vehicles online jumped last year, a new study concludes. Full story...
Dec
12th

MileMeter: Pay-As-You Drive Insurance – Auto Insurance Gets Cheaper But Potentially More Invasive

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MileMeter: Pay-As-You Drive Insurance - Auto Insurance Gets Cheaper But Potentially More Invasive
MileMeter: Pay-As-You Drive Insurance - GMAC Insurance - Automobile Magazine
Pay Per Mile

Auto insurance is a necessary evil. You certainly don't want to buy any more than you need. It stands to reason that drivers who spend more time out on the road face a greater chance of mishap than those who log fewer miles. Yet - all other factors being the same - a driver who clocks fewer than 5000 miles a year will pay essentially the same premium as one who drives 50,000 miles a year. A solution is coming from pay-as-you-drive insurance, which, in its simplest form, calculates premiums based on miles driven.


Photo Gallery: MileMeter: Pay-As-You Drive Insurance - GMAC Insurance - Automobile Magazine


Full story...
Dec
12th

Audi R8 V10 Unveiled

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Audi's sensational V10-engined R8 has finally been unveiled, and Auto Express has the first official pictures. Full story...
Dec
12th

As GM bailout falters, GMAC races its own deadline

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The auto and mortgage finance company GMAC LLC raced today to meet a self-imposed deadline to complete a debt swap that would qualify it for federal aid, and avoid what analysts called a potential bankruptcy. Full story...
Dec
12th

Nardelli: Even with bailout, Chrysler may need more cuts

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In a message to employees today, Chrysler CEO Bob Nardelli raised the possibility that Chrysler will have to make further cost cuts even if the White House approves a bailout. Full story...
Dec
12th

CHINA: Chongqing Changan continues trading suspension

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Ford Motor's China partner, Chongqing Changan Automobile, will continue to suspend trading in its shares pending announcement of a major issue. Full story...
Dec
12th

JAPAN: Mazda cuts another 100,000 units

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Mazda Motor on Friday said it would reduce Japanese vehicle production by at least another 100,000 units this fiscal year ending March 2009 due to slow sales. Full story...
Dec
12th

CHINA: Government could help automakers – minister

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China needs to make policy changes to counter a serious slowing of car sales as a result of the global credit crisis, a government minister said. Full story...
Dec
12th

GERMANY: Bosch sees nil 2009 growth

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Giant auto industry supplier Robert Bosch does not expect to meet its 2008 targets and sees no growth next year. Full story...
Dec
12th

AutoNation’s Jackson says White House will extend loans to save GM, Chrysler

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DETROIT (Reuters) - - AutoNation Inc.'s Mike Jackson, CEO of the biggest U.S. dealership group, said the collapse of a domestic automaker was unlikely as he "fully" expected the White House to extend bridge funding. Full story...
Dec
12th

AutoNation’s Jackson says Bush will prevent automaker collapse

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Autonation Inc.'s Mike Jackson, whose dealership group has been shedding Detroit 3 franchises, said the collapse of a domestic automaker was unlikely as he "fully" expected the White House to extend bridge funding. Full story...
Dec
12th

GERMANY: VW YTD sales rise 1%

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Volkswagen Group on Friday said it delivered 5.73m vehicles, up 1%, worldwide in the first 11 months of this year. Full story...
Dec
12th

The president must act

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Amid the greatest financial crisis of our time, President George W. Bush can show leadership and statesmanship by using a small percentage of the U.S. government's financial bailout money to keep the American automobile industry alive. Full story...
Dec
12th

The president must act

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Amid the greatest financial crisis of our time, President George W. Bush can show leadership and statesmanship by using a small percentage of the U.S. government's financial bailout money to keep the American automobile industry alive. Full story...
Dec
12th

Honda further slashes North American production

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Honda Motor Co. is slashing 119,000 more units from its North American production schedule through March 31, the end of its fiscal year. The cuts are in addition to the 56,000 units Honda removed earlier from its production schedule. Full story...
Dec
12th

DUTCH MANDEL: Senate rejection–What’s there to be angry about?:

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Fox Business Network’s Money for Breakfast host, Alexis Glick, asked me a question this morning that, frankly, took me aback. Full story...
Dec
12th

Gettelfinger: Industry rescue turned over to Bush, Treasury

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UAW President Ron Gettelfinger said today that the automaker rescue package is in the hands of President George W. Bush and the Treasury Department. Full story...
Dec
12th

Gettelfinger: Industry’s fate in the hands of Bush, Treasury

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UAW President Ron Gettelfinger said today that the automaker rescue package is in the hands of President George W. Bush and the Treasury Department. Full story...
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up van, insurance you can rely on is a must.
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