Posted on November 24th, 2009 • by David Zatz
After six laps around Laguna Seca, Chris Winkler broke the track record, driving a 2010 Viper ACR. Watch the clip to get a feel for the raw power of that Viper crossing the line in record time. The 2009 Viper, which was not as fast, broke the Nürburgring race track’s record for street-legal cars in [...]
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Posted on January 5th, 2009 • by Bill Cawthon
Based on preliminary data, December’s seasonally adjusted annual rate (SAAR) came in at 10.32 million light vehicles. This beats the 10.18 million figure recorded in November and marks the first increase in the SAAR in 2008. However, it is still a decline of over five million units from December 2007′s SAAR of 16 million. The [...]
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Posted on December 30th, 2008 • by Bill Cawthon
The automobile industry, hammered by slow sales and tight credit, will pass homebuilding as the most distressed industry in the United States next year. The still-suffering housing industry, the winner for 2008, is seen as falling to third, after autos and the retail sector, according to an early December survey of the213-member Turnaround Management Association. [...]
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Posted on December 3rd, 2008 • by Bill Cawthon
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 [...]
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Posted on December 2nd, 2008 • by Bill Cawthon
Chrysler reduced incentive spending last month, looking to conserve precious cash. According to figures compiled by Edmunds.com, the average November spiff of $3490 was $205 lower than October 2008, but up $176 from November 2007 as the competition for scarce sales remained fierce. Ford was the big spender in November with an average of $3,731 [...]
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Posted on November 21st, 2008 • by Bill Cawthon
Even as Chrysler CEO Bob Nardelli was in Washington pleading pleading for money, the Financial Times reports that an unnamed source says owner Cerberus Capital Management is interested in returning to merger talks with General Motors. The talks are currently at what the Times‘ source describes as ”a very low level” but they would be ramped up quickly if a federal [...]
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