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Dec
11th

Kullman resigns from GM board

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DuPont Co. President Ellen Kullman has resigned from General Motors' board of directors after serving for four years. Kullman, 52, announced today that she would step down immediately to focus on her new responsibilities at the chemical giant. Full story...
Dec
11th

Ford dealer urges aid beyond bailout

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A South Carolina Ford dealer is telling Congress in radio commercials that members need to do more than lend money to automakers in order to revive the domestic auto industry. Full story...
Dec
11th

The Ex-Wall Streeter’s Guide to Recession Rides

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The Ex-Wall Streeter's Guide to Recession Rides
Luxury Car Comparison - 2009 Ferrari F430 and 2009 Audi R8 - Automobile Magazine
Now, sadly, the scheme has all come hideously undone. You no longer work on the Street; instead, you're out on the street. And, worse, your car lease is up. What to do?

You and your investment banker colleagues made piles of money creating indecipherable financial instruments, got your friends at the ratings agencies to give them their stamp of approval, and just like that, all the risk magically disappeared and, not incidentally, your firm reaped huge fees selling the stuff to every financial institution in town. Now, sadly, the scheme has all come hideously undone. You no longer work on the Street; instead, you're out on the street. And, worse, your car lease is up. What to do? Of course, you're not destitute - you couldn't possibly have spent all the money you've raked in over the past few years - but you need to curb expenses. And yet, you want to keep up appearances. Allow us to help . . .


Photo Gallery: Luxury Car Comparison - 2009 Ferrari F430 and 2009 Audi R8 - Automobile Magazine


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Dec
11th

GM slows drive toward Buick, Pontiac, GMC channeling

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Mainly because of General Motors' financial crisis, the automaker is dialing back efforts to get Buick, Pontiac and GMC dealers into three-brand stores, a spokesman says. Full story...
Dec
11th

The Ex-Wall Streeter’s Guide to Recession Rides

Stay connected Subscribe to our RSS feed
The Ex-Wall Streeter's Guide to Recession Rides
Luxury Car Comparison - 2009 Ferrari F430 and 2009 Audi R8 - Automobile Magazine
Now, sadly, the scheme has all come hideously undone. You no longer work on the Street; instead, you're out on the street. And, worse, your car lease is up. What to do?

You and your investment banker colleagues made piles of money creating indecipherable financial instruments, got your friends at the ratings agencies to give them their stamp of approval, and just like that, all the risk magically disappeared and, not incidentally, your firm reaped huge fees selling the stuff to every financial institution in town. Now, sadly, the scheme has all come hideously undone. You no longer work on the Street; instead, you're out on the street. And, worse, your car lease is up. What to do? Of course, you're not destitute - you couldn't possibly have spent all the money you've raked in over the past few years - but you need to curb expenses. And yet, you want to keep up appearances. Allow us to help . . .


Photo Gallery: Luxury Car Comparison - 2009 Ferrari F430 and 2009 Audi R8 - Automobile Magazine


Full story...
Dec
11th

GM resists making early payments to troubled suppliers

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General Motors is resisting pressure for early payments from a dozen suppliers concerned about the automaker's ability to pay for parts, sources say. Full story...
Dec
11th

American Axle creates joint venture in China

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American Axle and Manufacturing Holdings Inc. said today that it is forming another joint venture in China. The business is a 50-50 partnership with Hefei Automobile Axle Co. Ltd., a subsidiary of Anhui Jianghuai Automobile Group Co. Ltd. Full story...
Dec
11th

SandP: GMAC bankruptcy risk rises

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If GMAC Financial Services LLC can't take the steps to qualify for government financial assistance, it could face bankruptcy, according to a Standard and Poor's bulletin issued today. Full story...
Dec
11th

GOP bailout foe pushes alternate proposal

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A freshman Republican senator from Tennessee, who savaged the Detroit 3 and the UAW in congressional hearings, now says he can save the companies. Sen. Full story...
Dec
11th

GOP bailout foe pushes alternate plan

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A freshman Republican senator from Tennessee, who savaged the Detroit 3 and the UAW in congressional hearings, now says he can save the companies. Sen. Full story...
Dec
11th

Senate GOP wants more concessions from UAW, debt holders

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Senate Republicans today hardened their opposition to a House-passed bill that would provide $14 billion in immediate U.S. aid to General Motors and Chrysler LLC. Sen. Full story...
Dec
11th

Senate GOP hardens stand against auto aid

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Senate Republicans today hardened their opposition to a House-passed bill that would provide $14 billion in immediate U.S. aid to General Motors and Chrysler LLC. Sen. Full story...
Dec
11th

SHORT STINT: 2009 Ford F-150 XLT:

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OUR TAKE: It's hard to beat a good 4WD extended-cab, full-size pickup for most of your everyday needs. But it gets even better if your needs include any hauling or towing or you're driving through snow. Full story...
Check out AmericanTrucks.com and their large selection of F150 Rims.
Dec
11th

SPAIN: Renault unions demand “new car” for Valladolid

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Renault unions have scheduled large demonstrations in Valladolid this Saturday (13 December) to protest against the company's delay in assigning a new vehicle to the factory in central Spain, just-auto has learned. Full story...
Dec
11th

Formula One teams pledge major cost cuts, changes:

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The FIA World Motor Sport Council will meet Friday, Dec. 12, to discuss a raft of changes and cost-cutting measures to Formula One, and early indications say that the sport is set for a major overhaul in the coming seasons. Full story...
Dec
11th

UK [updated 17:00GMT]: Credit crunch delays RHD Lancias

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Fiat Auto has postponed the return of right-hand-drive Lancia models due to the economic crisis. Full story...
Dec
11th

Honda Insight breaks cover

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The first official image of the production version of the brand-new Honda Insight is here! Full story...
Dec
11th

Obama hopes auto bailout deal is approved this week

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President-elect Barack Obama said today he hoped a congressional deal to bail out the struggling U.S. auto industry could be reached this week, saying again the Detroit 3 automakers could not be allowed to collapse. Full story...
Dec
11th

Obama hopeful auto bailout deal possible this week

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President-elect Barack Obama said today he hoped a congressional deal to bail out the struggling U.S. auto industry could be reached this week, saying again the Detroit 3 automakers could not be allowed to collapse. Full story...
Dec
11th

Franz von Holzhausen – Tesla Versus The World

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Franz von Holzhausen - Tesla Versus The World
Franz von Holzhausen - Fuel Efficient News, Car Features and Reviews - Automobile Magazine
Green Cars

No one is bringing good, solid design into an environmentally friendly vehicle," says Franz von Holzhausen. "We either get strange, quirky vehicles that the general public isn't ready for, or we get iterations of the Prius. Nobody would buy a Prius if it were a normally powered car. My opportunity is to create a brand that revolves not only around clean, environmental stories, but also around awesome design. We are past the idea of an environmentally friendly vehicle needing to look different. As the idea becomes more mainstream, the quirkiness of the product will go away. People won't want to sacrifice anything, including style, to own an efficient car.


Photo Gallery: Franz von Holzhausen - Fuel Efficient News, Car Features and Reviews - Automobile Magazine


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