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The temperature is getting hotter in the Congress not only because of global warming issues but because of the burning fuel standards proposals. Proposals come one after the other. And today, a key lawmaker will introduce a bill that requires automakers to increase fuel economy standards by four percent annually.
Toyota Motors North America President Jim Press will tell a House committee this Wednesday that the auto industry has an obligation to be part of the solution, not the problem, when it comes to global warming and climate change. This statement was taken from the draft of Press’ testimony. The president of the company will join the top executives of other renowned automakers - General Motors Corp.
The Ford Motor Co. is preparing another version of its famous Mustang pony car to appear more feminine than before. The Mustang is now painted pink to attract more women and at the same time so as to also serve a much worthy cause – help the campaign in fighting breast cancer. This summer, Ford intends to offer a Warriors in Pink trim package for the sports car to attract new buyers to the Mustang nameplate and help raise money for breast cancer research.
The American public has always loved its music and its cars, and they even love those cars of people who created the music they love. The Henry Ford Museum will cater to the whim of the public who have been longing for those famous vehicles which famous stars used in the past. The exhibit dubbed as the Rock Stars’ Cars and Guitars will take place in June 9 of this year at the Henry Ford Museum located in Dearborn, Michigan.
After the sale of Aston Martin to a group led by Prodrive head David Richards, speculations have risen that Jaguar may be the next luxury brand to be sold by the struggling Dearborn based car maker. The sale of the super luxury brand generated much needed funds for the financial woe beset Ford. Aston Martin is one of the most expensive brands in the world and in its stay in the Ford stable, the brand has seen improvement second only to the David Brown era.
February 14 was a sad day for Chrysler employees in the country. On that day, DaimlerChrysler Chief Executive Officer Dieter Zetsche announced that due to the poor performance of the U.S. brand, all options are open for the brand including its sale. The day also saw the workforce reduction carried out by the company as a part of its restructuring plan.
The American motoring public has always been wary of the price of gasoline. The awareness was the effect of the sky rocketing increase in the prices of gasoline in summer of last year. From then on, car buyers have opted for fuel efficient vehicles like hybrid electric models like the Toyota Prius. It seems that the fear of the American motoring public at another increase in gas prices is well founded.
It's generally accepted that most money-sources, especially the automakers, lose money on selling the off-lease autos at the end of the lease, so they are interested if it might bepossible to get the car back a little early, and be able to sell the car and lose a little less money. It is also not unusual for a money source to contact the lessee before the end of the auto lease and try to entice the lessee into terminating the auto lease right now and get favorable terms on a new car and a new car lease Why Would They do That? Suppose the balance due on a 36 month car lease is $2,000, the residual car value is $14,000, and the used carmarket right then for that car at that precise age is $13,500.
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Most muscle car shows are not that exciting their first year. Hopefully you get one car club and maybe your friends that own muscle cars to show up, but if you are Steve with the Tega Cay Lions Club the first time you put together a car show you get Carolina Motor Madness. Steve started with a small idea of 50 muscle cars at the local Sonic.
Europe's much-awaited fuel-efficient small hatch, the Corsa OPC from General Motors' Opel European brand will roll out in markets across the continent anytime this month. The Opel Corsa OPC made its world debut at the 77th annual Geneva International Motor Show early this March and dubbed as the most powerful Corsa ever.
What's new for General Motor's? Well aside from unveiling new vehicles in recent domestic and international auto shows and manufacturing quality GM parts like GM running board, GM's Cadillac NASCAR team also got something new for racing fans. GM's Team Cadillac has recently signed Jimmie Johnson, the current NASCAR Nextel Cup series champion to drive the No.
Recently at the 77th Salon International de l'Auto Geneve (77th annual Geneva International Motor Show), Tekniikan Maailma magazine, one of the leading automotive publications in Finland named the 2007 Cadillac BLS 4-door compact sedan as the recipient of their Winter Car 2007 Award. Martti Merilinna, Chief Editor of Tekniikan Maailma handed the award to Cadillac General Manager Jim Taylor.
According to a recent report from the Herald Sun online (www.news.com.au), General Motors' Holden Racing Team (HRT) in Australia has been placed in court for the jury to decide who will take control of the team. The ownership of Holden Racing Team has been disputed by interested parties willing to operate the team including Mark Skaife of Skaife Sports and former HRT owner Tom Walkinshaw.
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