U.S. News and World Report has an interesting story by Rick Newman called “How Buying a Car is Going to Change.” Newman points out, rightly, that given the situation at Chrysler and GM and the fall-out experienced by their competitors, it’s a buyer’s market — but one with a likely end-of-year expiration date.
Automakers are cutting [...]
In a report that appeared on Automotive News, Mike Jackson, the CEO of AutoNation Inc., said that the closing of 2,300 General Motors and Chrysler dealerships in the next 18 months will effect the sticker prices consumers confront when hitting the car lots, with “pressure on liquidating inventory, pressure on pricing, pressure on automotive real [...]
As the face of the American automotive landscape continues to change at a rapid pace, General Motors announced last week that it will stop building the Pontiac G6 GXP (sedan and coupe) and the Chevrolet Impala SS and Cobalt SS sedan at the end of the current model year. Additionally, the Cadillac STS-V will be [...]
Finding good news on the GM front is hard these days, but according to an articl by Richard Truett for Automotive News work on the plug-in Chevy Volt, due to appear in 2010, is moving forward — no doubt buoyed by the presence of a $7,500 tax credit to buyers bundled into the American Recovery [...]
