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The recently announced Hyundai Assurance Program allows customers who face an unexpected turn of events (loss of a job, severe medical problem) to return their car, without making more payments or paying penalties. The program, which may alleviate the fears of many buyers, has reasonable fine print: it is only good for up to $7,500 [...]
The Dodge Ram 1500 pickup is one of the finalists for the 2009 North American Truck of the Year award. It’s going up against the new Ford F-150 pickup and the Mercedes-Benz ML320 BlueTec diesel SUV. The winner is determined by a vote of 50 automotive journalists in the United States and Canada and will be presented [...]
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 [...]
While some automakers have not reported in yet, all the others have declared losses in U.S. sales (November 2008 vs November 2007): BMW: down 27% Chrysler: down 47% Ford: down 33% (including Volvo, down 47%) GM: down 41% Honda: down 32% Isuzu: down 74% (from 496 to 130 units) Mazda: down 31% Mercedes: down 30% [...]