Archive for December, 2008

Potent Pony: Ford Mustang Shelby GT500

One of the highlights of Ford’s display at the 2009 Detroit auto show will be the debut of the 2010 Ford Mustang Shelby GT500 that has been blessed by 86-year-old Shelby himself.

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GM gets first $4 billion; Chrysler does not, yet

General Motors on Wednesday received the first $4 billion in emergency loans that the federal government has promised the automaker. Both GM and Chrysler had been scheduled to receive on Monday, Dec. 29, $4 billion from a total of $17.

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GM gets first $4 billion; Chrysler does not, yet

General Motors on Wednesday received the first $4 billion in emergency loans that the federal government has promised the automaker. Both GM and Chrysler had been scheduled to receive on Monday, Dec. 29, $4 billion from a total of $17.

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Analysts: December sales may hit new lows

Automakers may report December U.S. sales declines of more than one-third as the month’s annual sales rate reaches the lowest level this year — possibly below 10 million, analysts say. The auto information site Edmunds.

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Chrysler cancels annual trip for top dealers

Amid financial challenges, Chrysler LLC has canceled its annual getaway to reward top-performing dealers.

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Fisker bringing new concept to Detroit show

The production version of the hybrid-powered Karma was pegged to be the centerpiece of the Fisker Automotive at the Detroit auto show. That was, until Tuesday evening.

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GMAC eases burden with $21.2 billion debt swap

GMAC, the General Motors financing affiliate that received a $6 billion infusion from the government, completed a multibillion dollar debt swap today designed to bolster its capital. The lender said holders of $21.

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Navistar Q4 results top estimates

U.S. truck and engine maker Navistar International Corp. posted a quarterly net loss on Tuesday, reflecting asset impairment charges, but results before one-time items were better than Wall Street expected.

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Smart Car Videos – Crash Test

The Smart Car is manufactured by a subsidiary of Mercedes and runs on electric and gas power. The Smart Car videos demonstrate how the vehicle runs as well as crash tests.

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Moody’s downgrades MSX International ratings

Moody’s Investors Service has downgraded MSX International Inc. ratings outlook to negative from stable, in large part because of its ties to the auto industry.

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Treasury extends $6 billion in aid to GMAC, GM

The U.S. Treasury Department late Monday said it will commit $6 billion of taxpayer money to GMAC LLC )x(“””,as part of a broader program to assist the domestic automotive industry in becoming financially viable.

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Ford to offer parking assist on 2 Lincolns

Hands-free parallel parking will be an option on the 2010 Lincoln MKS luxury sedan and the all-new Lincoln MKT crossover due in dealerships in mid-2009. Ford Motor Co.

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Ford to offer parking assist on 2 Lincolns

Hands-free parallel parking will be an option on the 2010 Lincoln MKS luxury sedan and the all-new Lincoln MKT crossover due in dealerships in mid-2009. Ford Motor Co.

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GM reports 10,000 advance orders for Camaro

General Motors has received 10,000 advance orders for its new Camaro sports car, which offers 300 horsepower on a V-6 engine in the base model. But there may be a little glitch.

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Lear files paperwork to issue up to $500M in new securities

Lear Corp. paved the way last week to issue up to $500 million worth of new securities.

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Redesigned Nissan 370Z rolls out with $30,000 base price

Nissan’s shorter, wider and more powerful 370Z sports car comes with a slightly higher sticker price as it rolls out today for the 2009 model year.

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GM offers 0 percent loans, cash incentives

Just hours after GMAC LLC accepted a $6 billion government bailout package designed to enable more consumer car loans, General Motors announced new incentives. GM said today it is offering 0 percent financing through Monday, Jan.

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GMAC expands auto lending following government aid

GMAC today said it will immediately begin providing auto financing for more U.S. consumers, a day after agreeing to sell a $5 billion stake to the government.

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Treasury extends $6 billion in aid to GMAC, GM

The U.S. Treasury Department late today said it will commit $6 billion of taxpayer money to GMAC LLC )x(“””,as part of a broader program to assist the domestic automotive industry in becoming financially viable.

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Kelley Blue Book: Honda Civic is most-researched new vehicle in 2008

The Honda Civic topped the list of most-researched new vehicles in 2008 on Kelley Blue Book’s Web site, the vehicle information company said today. Seven Toyota-brand models and six Hondas found a place in the top 20, which included 15 Asian models.

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Autos seen as most distressed U.S. industry in 2009

The auto sector is expected to be the most financially troubled industry in the United States next year, taking the top spot from the homebuilding group, according to a survey of restructuring and bankruptcy professionals released today.

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Government readies first $8 billion for GM, Chrysler

General Motors, Chrysler LLC and the government today were making final arrangements to transfer the first installments of federal emergency loans to the automakers.

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Kerkorian’s Tracinda has sold entire Ford stake

Billionaire investor Kirk Kerkorian has sold off all of his remaining shares of Ford Motor Co , a spokeswoman for his investment firm, Tracinda Corp, said today.

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A look back: Top industry stories from the last 56 years

Here are industry’s biggest stories dating back to 1953, as judged annually by the staff of Automotive News.

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A look back at 56 years of top industry stories

Here are industry’s biggest stories dating back to 1953, as judged annually by the staff of Automotive News.

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