Congress sends White House $15B auto aid proposal
WASHINGTON December 8, 2008; Julie Hirschfeld Davis writing for the AP reported that Congressional Democrats and the White House worked to resolve their last disputes Monday over terms of a $15 billion bailout for U.S. auto makers â complete with a "car czar" to oversee the industry's reinvention of itself â ... Continue reading
WASHINGTON, Dec. 8 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi and Chairman Barney Frank of the House Financial Services Committee held a press availability in the Capitol late this afternoon on the aid package to the auto industry. Below are the Speaker's opening remarks: "Good afternoon, thank you for joining us. ... Continue reading
2009 Mercedes-Benz E320 Bluetec Sedan Review
MERCEDES-BENZ E320 BLUETEC DIESEL REVIEW By Steve Purdy TheAutoChannel.com Detroit Bureau SEE ALSO: Mercedes-Benz Pics, Specs and Prices â Mercedes-Benz Buyers Guide Imagine the chagrin of this poor, depressed fellow who carefully plans his own demise. He goes out into his garage with the overhead door shut tight, ... Continue reading
LAS VEGAS, Dec. 8 -- The staff of the largest collector and vintage car auction company, Kruse International, is busy finalizing all details so that the 35th Annual Las Vegas Collector Car Auction taking place on December 19th and 20th, 2008 at the beautifully remodeled South Point Hotel and Casino in Las Vegas, NV is ... Continue reading
Capps to race in All-Stars Karting Classic for third straight year
(EDITORS: Attached is a digital image of Ron Capps competing in the All-Stars Karting Classic in 2007, in which he finished 14th. Photo credit: Matt Ambroziak.) DON SCHUMACHER RACING FOR IMMEDIATE RELEASE Contact: Judy Stropus, 203-438-0501; cell 203-243-2438; jstropus@earthlink.net CAPPS TO RACE IN ALL-STARS KARTING C ... Continue reading
GM'S COMMITMENT TO THE AMERICAN PEOPLE
We deeply appreciate the Congress considering General Motors' request to borrow up to $18 billion from the United States. We want to be sure the American people know why we need it, what we'll do with it and how it will make GM viable for the long term. For a century, we have been serving your personal mobility needs, ... Continue reading
We Have Met The Enemy And He Is Us.......
When Walt Kelly (originator of Pogo) penned those words, he probably didn't mean to apply the homily to the automotive business segment. But, given the events of the last six months, eating our young as a practical illustration couldn't be any more accurate. ... Continue reading
"Car Czar" Proposed For Any Automaker Bailout
WASHINGTON DC December 7, 2008; Thomas Ferraro and John Crawley writing for Reuters reported that a government "car czar" would oversee any bailout of U.S. automakers under proposed terms being negotiated by the White House and Congress for extending up to $17 billion in emergency loans that mainly aim to spare General ... Continue reading
AIM Autosport Announces Rolex 24 Driver Lineup
Woodbridge, Ontario - December 7, 2008: AIM Autosport announces the complete driver lineup in the No. 61 Ford Riley for the 2009 Rolex 24 at Daytona teaming regular drivers Mark Mark Wilkins and Burt Frisselle with Alex Figge and John Farano. Alex and John will be at the wheel of AIM's No. 51 Ford Riley the rest of the ... Continue reading
London, Great Britain December 8, 2008: With Christmas fast-approaching, the world of A1GP is as busy as ever with plenty of action continuing off the track. It has been an eventful weekend for current A1GP World Cup of Motorsport Champion, A1 Team Switzerland. On Friday 5 December, seat holder Max Welti and driver Nee ... Continue reading
Coughlin masters playoff system, earns second straight title
Coughlin masters playoff system, earns second straight title DELAWARE, Ohio (Dec. 6) -- Two years ago the NHRA implemented a playoff system to decide its champions. Two years later, one driver has mastered the format with back-to-back POWERade titles in drag racing's toughest category -- Pro Stock. Jeg Coughlin Jr. alr ... Continue reading
All-Electric Car Available for Demonstration
WASHINGTON--A high-tech company that converts traditional gas-powered cars into all-electric vehicles is in D.C. this week to demonstrate a high performance 100% electric vehicle and to file for a Department of Energy (DOE) loan, from funds designed to help the Big Three create environmentally friendly cars. Amidst the ... Continue reading
JAGUAR IS RECALLING 3,754 MY 2009 XF VEHICLES
NHTSA CAMPAIGN ID Number: 08V607000 N/A NHTSA Action Number: N/A Component: ELECTRICAL SYSTEM: INSTRUMENT PANEL Potential Number of Units Affected: 3754 Summary: JAGUAR IS RECALLING 3,754 MY 2009 XF VEHICLES FOR INSTRUMENT CLUSTER SPEAKER FUNCTION PROBLEMS. THE SPEAKER WIRES MAY FRACTURE. AS A RESULT, THE SPEAKER WILL ... Continue reading
Sweden Looking to Strengthen Development of Greener, Safer, Intelligent and More Connected Vehicles
STOCKHOLM, December 8 -- Sweden hosts a world-class automotive cluster represented by leading global brands such as SAAB Automobile, Scania, Volvo Car Corporation and Volvo Group alongside some 1,000 suppliers. Delegates from Sweden's automotive industry will be present at the Volvo Ocean Race Village in Willingdon in ... Continue reading
AAA Responds to Announcement by President-Elect Obama to Focus on Infrastructure
Federal commitment to investing in national infrastructure is long overdue AAA welcomes the recent announcement by President-elect Obama pledging his commitment to "the single largest new investment in our national infrastructure since the creation of the federal highway system in the 1950s." This federal investment is ... Continue reading
Game-Changing Dodge Ram 1500 Is Designed to Protect and Perform AUBURN HILLS, Mich., Dec 8 -- - Five-star Front-Impact Ratings Accentuate Chrysler LLC's Commitment to Safety and Security - Dodge Ram 1500 Offers 35 Safety and Security Features - Standard features include side-curtain air bags and Electronic Stability Pr ... Continue reading
Ener1 Announces Cooperative Partnership with Heavy Duty OEM and the Department of Energy
NEW YORK, Dec. 8 -- Ener1, Inc. (AMEX:HEV) , maker of advanced lithium-ion battery solutions to power the next generation of hybrid, plug-in hybrid and electric vehicles, today announced a cooperative partnership among EnerDel, Ener1's lithium-ion battery subsidiary, a heavy duty original equipment manufacturer (OEM) a ... Continue reading
China Automotive Systems Hosts Ceremony for First Shipment to Dongfeng Peugeot Citroen
WUHAN, Hubei, China, Dec. 8 /PRNewswire-Asia-FirstCall/ -- China Automotive Systems, Inc. , a leading power steering components and systems supplier in China, today announced that its subsidiary, Jingzhou Henglong Automotive Parts Co. ("Henglong"), conducted a ceremony to celebrate the first shipment of its power steer ... Continue reading
WashingtonWatch.com Update: The Latest Auto Bailout Plan
WASHINGTON, Dec. 8 /PRNewswire-USNewswire/ -- This is the WashingtonWatch.com federal legislative update for the week of November 24, 2008. On the WashingtonWatch.com Blog President-Elect Barack Obama began to sketch his plan for economic recovery over the weekend. The details - and what's missing - are discussed in a ... Continue reading
Poll Finds 58 Percent of Union Members in the United States Oppose Big Three Bailout
Poll Also Finds 62 Percent of All Americans Against Bailout WASHINGTON, Dec. 8 -- As Congress mulls whether or not to spend anywhere from $15 to $34 billion in taxpayer money to bailout Ford, General Motors and Chrysler, a new ATI-News/Zogby poll shows a clear majority of Americans, including union employees, oppose su ... Continue reading
China To Levy 1-yuan-a-lit Fuel Tax From Jan 1
China to levy 1-yuan-a-lit fuel tax from Jan 1 http://www.gasgoo.com/auto-news/1008639/China-to-levy-1-yuan-a-lit-fuel -tax- from-Jan-1.html Shanghai, December 8 (Gasgoo.com) China plans to levy a fuel tax of one yuan ($0.15) per liter starting Jan. 1, according to a draft plan produced jointly by its several ministrie ... Continue reading
Italy's ADR-RPF Launches Axle Plant In Qingdao
Italy's ADR-RPF launches axle plant in Qingdao http://www.gasgoo.com/auto-news/1008646/Italy-s-ADR-RPF-launches-axle-p lant- in-Qingdao.html Shanghai, December 8 (Gasgoo.com) Italy's ADR-RPF Group launched production at a new axle plant in the eastern Chinese city of Qingdao, Shandong province, a report from the offici ... Continue reading
Guangxi To Build Big Base Of Non-grain Ethanol Fuel
Guangxi to build big base of non-grain ethanol fuel http://www.gasgoo.com/auto-news/1008645/Guangxi-to-build-big-base-of-no n-gra in-ethanol-fuel.html Shanghai, December 8 (Gasgoo.com) China will build its largest production base of non-grain bio-ethanol fuel in a southern province to mix with or replace the gasoline a ... Continue reading
China's Eximbank grants loans to support carmaker Chery's expansion BEIJING, Dec. 7, 2008; The China Export and Import Bank (Eximbank) would grant loans of 10 billion yuan (1.5 billion U.S. dollars) to Chery Automobile to finance its overseas expansion, according to a strategic cooperation agreement signed here on Sund ... Continue reading
Opinion; A Toyota Takeover Could Save GM
By Michael D. Intriligator Milken Institute and the Gorbachev Foundation of North America. Los Angeles CA December 5, 2008; In his prepared remarks before the Senate Banking Committee on Thursday, General Motors CEO Rick Wagoner Jr. spoke of the urgent need for federal assistance for the Big Three U.S. automakers. Wago ... Continue reading
SOUTHFIELD, Mich.--The effects of an automaker bankruptcy would inflict much higher costs to United States taxpayers, up to four times the amount of the proposed federal bridge loans if at least two companies failed, according to a joint analysis released today by Anderson Economic Group (AEG) and BBK, an international ... Continue reading
White House Says Auto Aid Bill Agreement Coming Today?
WASHINGTON, Dec 8, 2008; Reuters) - The White House said it had made progress in talks with congressional leaders seeking to complete a rescue package for automakers and that a deal could be reached as early as Monday. White House spokeswoman Dana Perino said the administration backed the idea of the president naming a ... Continue reading
Better Place Plugs First Charge Spot to Electric Car
TEL AVIV, Israel December 8, 2008; Better Place Israel, which is deploying the worldâs first nationwide network for charging electric vehicles, today demonstrated for the first time its charging spot plugged in and charging an electric car in Israel. The company unveiled its first plugged in parking lots as well a ... Continue reading
GM says it "disappointed" and "betrayed" consumers
DETROIT December 8, 2008; Kevin Krolicki writing for Reuters reported that General Motors Corp on Monday unveiled an unusually frank advertisement acknowledging it had "disappointed" and sometimes even "betrayed" American consumers as it lobbies to clinch the federal aid it needs to stay afloat into next month. The pri ... Continue reading
U.S. Sen. Dodd Says GM CEO Should Move On
WASHINGTON, Dec 7, 2008; Donna Smith and John Crawley writing for Reuters reported that General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) should replace its chief executive if it receives emergency government loans to avert likely collapse, a U.S. senator drafting bailout legislation said on Sunday. Anot ... Continue reading
Jungle Motors Now Converting Toyota Prius into High Mileage Plug-In Hybrid
SAN JUAN CAPISTRANO, Calif.--Jungle Motors, Orange Countyâs largest electric vehicle conversion facility, is now offering a new Plug-In Hybrid conversion for the Toyota Prius. Jungle Motors, which has been converting gasoline-powered Porsche 911s and Chrysler PT Cruisers into clean, green commuter cars, is now off ... Continue reading
Volvo: Green Corridors Provide for Safer and More Environmentally Sound Transports
STOCKHOLM, Sweden--Regulatory News: The Volvo Group ( is initiating cooperation within the Swedish governmentâs logistics forum and with the authorities to realize the EU Commissionâs concept regarding environmentally sound goods transport in âgreen corridors.â The goal is to reduce the impact on th ... Continue reading
Roush Europe Operation is Renamed Revolve Technologies by Investor Group
The investor group which bought out UK Essex-based engineering services group, Roush Technologies Limited, from its US parent, Roush Industries, late last year, has announced a change of name and branding. Effective Monday 8th December 2008, the company will be known as Revolve Technologies Limited. ... Continue reading
Iran Khodro, the biggest automobile producer in the Middle East inaugurated a new assembly plant in the African country of Senegal. ... Continue reading
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