Automotive News is reporting on the latest snafu with the retail auto industry: an arbitration process for dealers to be reinstated. On the surface it sounds like a great idea – after all, there were hundreds of car dealerships forced to close as the automakers that supplied them declared bankruptcy. The problem is that – [...]
HybridCars.com, one of the leading authorities on trends in hybrid technology, is reporting that on Tuesday General Motors announced plans to open a $246 million facility dedicated to the construction of electric motors destined to power future hybrids. The first of these will likely appear in 2013 in two-mode, rear-wheel drive vehicles. Tom Stephens, GM [...]
As reported in Automotive News Fiat S.p.A. is the first of the major European automakers to post their Q4 results for 2009. Apparently, December was a great month for car sales, because Fiat, which owns 20% of Chrysler Group had a trading profit of 488 million euros ($690 million) in the last quarter of 2009. [...]
With many major automakers declaring bankruptcy, thousands of car dealers closing their doors, and some brands ceasing production entirely, it can safely be said that, from the auto industry’s perspective, 2009 was a horrible year to sell cars. In fact, by the end of the year only about 10.4 million new cars had been sold [...]
It has long been the case in the housing market that buyers who want their offers accepted should get pre-qualified first, and include a pre-qual letter in their offer package. These days the same is also true when it comes to car shopping. According to an article recently posted at Philadelphia’s news portal Philly.com, even [...]