Next generation of classic sport coupe goes into production in late 2008, on sale in 2009; will be almost identical to wildly popular concept unveiled at NAIAS
TRAVERSE CITY, Mich. – Dear sports car fans: General Motors heard you loud and clear. Read More >>
The big news coming out of the Corvette Museum’s C5/C6 Bash is the enhancements made to the 2011 Z06. The 2011 Corvette Z06 features new tires from Goodyear, an aggressive dual mode exhaust tune, as well as the aforementioned Z07 performance package featuring the Brembo carbon ceramic brakes and the CFZ Carbon Fiber appearance package. Corvette Chief Engineer takes us through the enhancements at the 2010 Corvette Museum’s C5/C6 Bash. Read More >>
Corvette Racing has opened a new chapter in its history as it competes in the GT class (formerly GT2) in the 2010 American Le Mans Series. Running in the series’ premier production-based category, the twin Compuware Corvette C6.R race cars will race against showroom rivals representing Ferrari, Porsche, BMW, Aston Martin, Jaguar, and Ford. Read More >>
An American production car sets a track record on a world famous track. Yes, faster then Lambo, Ferrari, BMW, Porsche, Maserati and Yes it is a stock ZR1. Show me any car from any other country, costing the same as the Corvette that will run with it. There are none. Read More >>
DETROIT (AP) — General Motors Co. said Wednesday it would shut down its Saturn brand after an agreement with Penske Automotive Group Inc. to acquire it fell apart.
Penske, citing concerns of whether it could continue to supply vehicles after a manufacturing contract with GM ran out, ended talks with GM Wednesday to acquire the brand.
GM CEO Fritz Henderson said in statement that Saturn and its dealership network will be phased out.
Source:
GM to shut down Saturn after Penske walks away
By Kimberly S. Johnson, AP Auto Writer
By TOM KRISHER and KEN THOMAS, Associated Press
DETROIT – General Motors completed an unusually quick exit from bankruptcy protection on Friday with ambitions of making money and building cars people are eager to buy. Once the world’s largest and most powerful automaker, new GM is now leaner, cleansed of massive debt and burdensome contracts that would have sunk it without federal loans. Read More >>
Who’s really losing money in the auto industry?
Here is a list of loses for the world’s largest automakers. This list runs from March 2008 to March 2009. As it turns out the Japanese auto makers have lost a total of 12.6 billion dollars (Toyota, Honda, and Nissan) and the America’s big 3 have lost a total of 9 billion (GM, Ford, and Diamler AG – Chrsyler). Suprised, you should be.
These are tough times for everyone, so before you bash the American auto industry (don’t get me wrong they have made some mistakes) take a look at the WHOLE picture including the financial help that Toyota has received from their Government also.
Sources:
Motor Trend – August 2009
Bloomberg.com
The Pontiac car brand, once marketed as General Motors’ “excitement division,” will be killed off by the end of next year, the carmaker announced Monday.
The decision to shutter Pontiac was one of several aggressive steps GM spelled out in an updated survival plan Monday. The government has given the company until the end of next month to restructure and slim down in order to survive. Read More >>
Tuesday, March 03, 2009 
TOKYO — Toyota’s financing unit is in talks with a Japanese government-backed bank on possible lending, the automaker said today, underlining the serious woes facing the car industry amid plunging global sales.
Toyota Motor Corp. said no details had been decided. Kyodo News and NHK-TV reported earlier in the day, without identifying sources, that Toyota’s auto loan unit, Toyota Financial Services, had asked for a $2 billion government loan. Read More >>
Next generation of classic sport coupe goes into production in late 2008, on sale in 2009; will be almost identical to wildly popular concept unveiled at NAIAS
TRAVERSE CITY, Mich. – Dear sports car fans: General Motors heard you loud and clear.
GM Chairman and CEO Rick Wagoner announced today that GM will build an all-new version of the Chevrolet Camaro sport coupe based on the award-winning concept that stole the spotlight at the North American International Auto Show and has ignited the passion of car enthusiasts around the world ever since – even spurring consumers to start petition drives and send in certified checks in hopes of placing early deposits. Read More >>
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