Archive for December, 2008

Treasury Maintains Leeway in Auto Aid - Washington Post

December 31st, 2008
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TruckTrend MagazineTreasury Maintains Leeway in Auto AidWashington Post, United States - Dec 31, 2008Already the Treasury has pledged $17 billion for General Motors and Chrysler, and $6 billion to help GMAC, the auto finance company. …Treas…

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2010 Ford Mustang Shelby GT500 - Auto Shows - Car and Driver

December 31st, 2008
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Motor Spain2010 Ford Mustang Shelby GT500 - Auto ShowsCar and Driver, MI - 23 hours agoBY STEVE SILER It’s been scarcely two months since we got our first look at the 2010 Ford Mustang at the Los Angeles auto show, and Ford is already showi…

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Sports Briefing | Auto Racing - New York Times

December 31st, 2008
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Sports Briefing | Auto RacingNew York Times, United States - Dec 31, 2008By AP Speedway Motorsports Inc. purchased Kentucky Speedway, clearing the way for SMI’s owner, O. Bruton Smith, to try to bring a Nascar Sprint Cup race to …

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Treasury Maintains Leeway in Auto Aid - Washington Post

December 31st, 2008
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Treasury Maintains Leeway in Auto AidWashington Post, United States - 2 hours agoAlready the Treasury has pledged $17 billion for General Motors and Chrysler, and $6 billion to help GMAC, the auto finance company. …Treasury lays out details…

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Treasury Expands Possibilities for Aiding Auto Industry - New York Times

December 31st, 2008
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ReutersTreasury Expands Possibilities for Aiding Auto IndustryNew York Times, United States - Dec 31, 2008By BLOOMBERG NEWS The Treasury said on Wednesday that it had drafted broad guidelines for aid to the auto industry that would let offi…

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Brakes gave out on auto sector in '08; Big 3 seek to restructure - USA Today

December 31st, 2008
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Brakes gave out on auto sector in '08; Big 3 seek to restructureUSA Today - Dec 31, 2008AP By Dan Strumpf, AP Auto Writer NEW YORK — For the auto sector — and many of its stocks — 2008 was nearly the end of the road. …

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Key auto-related companies now eligible for federal bailout funds - USA Today

December 31st, 2008
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XinhuaKey auto-related companies now eligible for federal bailout fundsUSA Today - Dec 31, 2008In a bid to expand government help for the US auto industry, the Treasury has announced guidelines for providing money to any company identified as cruc…

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GM Gets $4 Billion In Low Interest Loans; Chrysler Still Waiting - CNNMoney.com

December 31st, 2008
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China DailyGM Gets $4 Billion In Low Interest Loans; Chrysler Still WaitingCNNMoney.com - 5 hours agoThe Detroit -based auto maker, racking up billion dollar losses amid slowing sales, will use the money to fund its continuing operations. …GMAC …

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2009 San Diego Int'l Auto Show Kicks Off - MSNBC

December 31st, 2008
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San Diego Union Tribune2009 San Diego Int'l Auto Show Kicks OffMSNBC - Dec 31, 2008Check out your favorite new model vehicle or one you are considering for purchase at the San Diego International Auto Show at the San Diego Convention …A clea…

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VIDEO: Three new 370Z commercials

December 31st, 2008
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Click above to view the three new 370Z commercials

Three video spots for the new Nissan 370Z show the marque is serious about reclaiming some of the genuine sports car credentials that were crushed underneath the weight of the last version. Apparently done before Nissan changed its tagline to “Shift_the way you move,” these are straight up about shifting desire at high speed from one point to another. One of them is a Japanese market commercial, which means lots of clouds and piano music, but the rest are all Six Million Dollar Man: better, faster, stronger. Follow the jump to check them all out. Thanks for the tip, Chad!

[Source: YouTube]

Continue reading VIDEO: Three new 370Z commercials

VIDEO: Three new 370Z commercials originally appeared on Autoblog on Wed, 31 Dec 2008 15:29:00 EST. Please see our terms for use of feeds.

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US Treasury Releases Guidelines On Auto Financing Program - CNNMoney.com

December 31st, 2008
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ABC NewsUS Treasury Releases Guidelines On Auto Financing ProgramCNNMoney.com - 1 hour agoThe program was rolled out to prevent a significant disruption of the auto industry that could hurt the overall economy. President George W. Bush this month…

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US EQUITIES WEEK AHEAD: Data On Jobs, Auto, Retail Sales - CNNMoney.com

December 31st, 2008
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US EQUITIES WEEK AHEAD: Data On Jobs, Auto, Retail SalesCNNMoney.com - Dec 31, 2008NEW YORK -(Dow Jones)- Reports on December unemployment and auto and retail sales will highlight the first full week of 2009 - and likely show the recession …

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Copart lets public peek at its auto sales site - Bizjournals.com

December 31st, 2008
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Copart lets public peek at its auto sales siteBizjournals.com, NC - Dec 31, 2008Auto salvage giant Copart Inc. has opened a window to its automotive sales web site to the public. The site – www.copart.com – was password-protected and …

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For the auto sector, brakes gave out in 2008 - Forbes

December 31st, 2008
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For the auto sector, brakes gave out in 2008Forbes, NY - 3 hours agoBy DAN STRUMPF , 12.31.08, 01:18 PM EST For the auto sector - and many of its stocks - 2008 was nearly the end of the road. First came the record-breaking …

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Fisker to unveil new concept car at auto show - Detroit Free Press

December 31st, 2008
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EV WorldFisker to unveil new concept car at auto showDetroit Free Press, United States - Dec 31, 2008BY SARAH A. WEBSTER • FREE PRESS BUSINESS WRITER • December 31, 2008 Just 11 more days until the Detroit auto show — and the enticing …

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GMAC Completes Deferred Payments To General Motors - CNNMoney.com

December 31st, 2008
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ABC NewsGMAC Completes Deferred Payments To General MotorsCNNMoney.com - 16 hours ago(GM) - a critical payback for the severely cash strapped auto maker - but GM said Wednesday it may extend new loans to its troubled lending arm. …GMAC Note Exc…

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Automakers push deals at auto show - MSNBC

December 31st, 2008
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Automakers push deals at auto showMSNBC - Dec 31, 2008The smallest car at the Indianapolis Auto Show seems to be attracting the biggest share of attention. "I'm surprised I fit in it," said one visitor after …

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Des Moines auto shop burns - Chicago Tribune

December 31st, 2008
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Des Moines auto shop burnsChicago Tribune, United States - Dec 31, 2008AP DES MOINES, Iowa - An auto repair shop in Des Moines has burned in a fire that closed down a street when water used by firefighters turned to ice. …North side auto se…

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Can’t win for losing: Chrysler criticized for “Thank You” ads

December 31st, 2008
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After receiving at least $4 billion dollars in low cost government loans, Chrysler, LLC thought the least it could do was thank the American people for their support. Instead of calling a press conference or writing a heart-felt letter to major newspapers, team Pentastar thought it best to take out full page ads in newspapers across America. Actually, maybe it wasn’t such a good idea (not to mention several pop-up text ads). It seems there are quite a few Americans that don’t like the fact that Chrysler found the need to spend hundreds of thousands of dollars taking out ads in papers when the company is struggling to remain in business. The full page ads were run in papers including the USA Today and Wall Street Journal, where the price of a full-page ad can reportedly cost up to $264,000.

Action group American Solutions calls the ads “a precise example of the fact that they do not get it” and Americans for Tax Reform likened Chrysler’s ads to a polite robber that said please and thank you but still made off with the cash. It’s not surprising that special interest groups would jump on the ads, but apparently some tax-paying Americans are just as displeased. A click over to Chrysler’s blog shows some angry responses. There are 15 consumer responses so far, and none of them are positive. We’re no ad gurus, but this didn’t seem like a very good idea from the start, and it appears we’re not alone.

[Source: Fox News]

Can’t win for losing: Chrysler criticized for “Thank You” ads originally appeared on Autoblog on Wed, 31 Dec 2008 08:58:00 EST. Please see our terms for use of feeds.

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Global Auto Sales to Fall 7.7% in 2009, Hyundai Says - Bloomberg

December 31st, 2008
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ReutersGlobal Auto Sales to Fall 7.7% in 2009, Hyundai SaysBloomberg - 9 hours agoHyundai and affiliate Kia Motors Corp. have curbed production as US auto sales have dropped to the slowest pace in 26 years, while demand is also cooling in …Hyun…

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Auto dealers offer cash back, low rates, 2-for-1 sales - USA Today

December 30th, 2008
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Auto dealers offer cash back, low rates, 2-for-1 salesUSA Today - Dec 30, 2008By Chris Woodyard, USA TODAY As the worst sales year in more than a decade draws to a close, auto dealers are sweetening deals this week in a last-ditch …

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Loan is Detroit auto industry's last chance to show viability - Salt Lake Tribune

December 30th, 2008
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Loan is Detroit auto industry's last chance to show viabilitySalt Lake Tribune, United States - 12 hours agoAll that taxpayers have done is buy time to see if the US auto industry is still capable of making money by producing cars the pub…

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Auto Club Offers Tipsy Tow Service for New Year's Holiday - MSNBC

December 30th, 2008
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KELOLAND TVAuto Club Offers Tipsy Tow Service for New Year's HolidayMSNBC - 13 hours agoTo help reduce those statistics by keeping drinking drivers off the road, the Auto Club is offering its free Tipsy Tow service to drinking drivers during ….

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US STOCKS-Wall St gains as latest auto bailout raises hopes - Reuters

December 30th, 2008
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Javno.hrUS STOCKS-Wall St gains as latest auto bailout raises hopesReuters - Dec 30, 2008(Adds context to Dow) By Chuck Mikolajczak NEW YORK, Dec 30 (Reuters) - US stocks climbed on Tuesday after the government expanded its bailout of the auto ……

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US STOCKS-Wall St gains as latest auto bailout raises hopes - Reuters

December 30th, 2008
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Javno.hrUS STOCKS-Wall St gains as latest auto bailout raises hopesReuters - 32 minutes ago(Updates to close) By Chuck Mikolajczak NEW YORK, Dec 30 (Reuters) - US stocks climbed on Tuesday after the government expanded its bailout of the auto …U…

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ADR Report-ADRs rise as US auto bailout boosts optimism - Reuters

December 30th, 2008
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ADR Report-ADRs rise as US auto bailout boosts optimismReuters - 16 hours agoN: Quote, Profile, Research) rallied after the Treasury Department's said late on Monday that it would expand the bailout of the auto industry. …

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GMAC broadens auto financing criteria - Bizjournals.com

December 30th, 2008
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The Canadian PressGMAC broadens auto financing criteriaBizjournals.com, NC - 2 hours agoGMAC Financial services announced today that it will modify its credit criteria to include retail financing for customers with a credit score of 621 or …..

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Detroit Auto Show 2009 — a look behind the curtain - Los Angeles Times

December 30th, 2008
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Boston GlobeDetroit Auto Show 2009 — a look behind the curtainLos Angeles Times, CA - Dec 30, 2008Much as one might love the Los Angeles Auto Show and feel gratified to see it grow in significance over the last few years, Detroit in January…

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US STOCKS-Wall St climbs on extended auto bailout, tech cos - Reuters

December 30th, 2008
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Washington TimesUS STOCKS-Wall St climbs on extended auto bailout, tech cosReuters - 1 hour ago… after the government expanded its bailout of the auto industry, bolstering hopes that lawmakers could curb the severity of the year-old recession. ….

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Risk-Takers May Lack Ability to Limit Brain Chemical - Washington Post

December 30th, 2008
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Risk-Takers May Lack Ability to Limit Brain ChemicalWashington Post, United States - 9 hours agoThese auto-receptors are designed to limit the release of the brain chemical dopamine. As a result, exciting activities typically associated with …

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