The police car market has, in recent decades, tended to be dominated by one manufacturer at a time, with Chrysler holding 80% during the Diplomat/Gran Fury years, Chevrolet holding a dominant share during the Caprice years, and Ford coming in strong when there were no competing rear-wheel-drive domestic pursuit sedans from other automakers. Since its [...]
Bob Corker, a Republican Senator from Tennessee which is home to a growing number of automotive facilities, echoed a statement made by a number of pundits and analysts about Chrysler. In hearings on Capitol Hill, Senator Corker said: “There’s no future for the company as a stand-alone.”
Perhaps Senator Corker and the talking heads haven’t looked [...]
Chrysler sales plunged 47.1 percent in November as tight credit and consumer concerns about the economy took a toll on the entire industry. Compounding the matter was buyer uncertainty about the future of Chrysler and the other American automakers. In its loan request to Congress, General Motors cited a study by CNW Marketing Research that [...]
GM reported a net loss of $2.5 billion or $4.45 per share for the third quarter, including special items. That compares with a net loss from continuing operations of $42.5 billion or $75.12 per share in the third quarter of 2007, which included a non-cash charge of $38.3 billion to establish a valuation allowance against [...]
Automotive News wrote that GM is postponing nearly all its product development spending until 2011, to cut costs. This move could delay the upcoming Chevrolet Cruze and other vehicles. Cost cuts will also hit engineering, design and research. Projects are being postponed rather than cancelled, with the hopes of saving up to $1.5 billion. The [...]
The Texas Auto Writers Association (TAWA) named the new 2009 Dodge Ram 1500 as their choice for the “Full-Size Pickup Truck of Texas.” The Ram beat out full-size pickups from Ford, Chevrolet, GMC, Nissan, Honda and Toyota. The optional RamBox won the “Best Feature” category in a landslide.
“This is quite an honor,” said Mike Accavitti, [...]
The 2010 Chevrolet Camaro will carry a higher price tag than the Dodge Challenger or Ford Mustang. The base 6-cylinder version will sticker out at $22,245, almost a thousand dollars higher than the equivalent Challenger SE and more than $2,500 more than a stripper Mustang. A V8 Camaro SS will start at $30,245, according to [...]
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