GMAC Financial Services Offers $4.5 Billion of Guaranteed Debt
Company participates in FDIC's Temporary Liquidity Guarantee Program DETROIT, June 3 -- GMAC Financial Services today announced that it has priced an offering for $4.5 billion of debt guaranteed by the Federal Deposit Insurance Corporation (FDIC) pursuant to the FDIC Temporary Liquidity Guarantee Program (TLGP). This o ... Continue reading
NADA Chairman Urges Congress to Intervene to Prevent Unfair Treatment of Auto Dealers
Bankruptcy courts should not be used to circumvent rights under state laws WASHINGTON, June 3 /PRNewswire-USNewswire/ -- John McEleney, chairman of the National Automobile Dealers Association, commended a Senate committee today for focusing on the unfair treatment of the General Motors and Chrysler dealers. Also, McEle ... Continue reading
WILMINGTON, Del.--Wilmington Trust, a leading provider of institutional trustee, agency, and administrative services through its Corporate Client Services (CCS) business, said today that it has been appointed by the United States Trustee to the unsecured creditorsâ committee in the bankruptcy of General Motors Cor ... Continue reading
Helio On Fast Track To Win Four At Indy In Record Time
<b>Renew tickets to see Castronevesâ race toward history in May 2010</b> INDIANAPOLIS, June 3, 2009: After driving to his third Indianapolis 500 victory May 24, Helio Castroneves is standing on the edge of motorsports history. Castroneves could join the most elite club in auto racing â a four-time Indianapoli ... Continue reading
With An Eye To The Future Mazadaspeed Driver Conor Daly Attends British F3 Championship Round
Rockingham, England June 2, 2009: In an interim between his first oval test at Milwaukee, and his next Andersen Racing test session in Iowa the week of June 1, 2009, Conor and his Dad flew to England to take a close-up look at racing in Europe. During last weekend's F3 event at Rockingham, the youngster spent time with ... Continue reading
Persistent Rain Postpones Fifth Annual Prelude to the Dream
ROSSBURG, June 3, 2009: Persistent rain has forced officials at Eldora Speedway in Rossburg, Ohio, to postpone the fifth annual Prelude to the Dream. The all-star dirt late model race has been rescheduled for Wednesday, Sept. 9. A decision regarding the broadcast of the event will be made at a later date. The wet weath ... Continue reading
Volkswagen Group of America to Donate 13 Vehicles to Fairfax County Public Schools
HERNDON, Va., June 3 /PRNewswire-USNewswire/ -- Stefan Jacoby, president and CEO, Volkswagen Group of America, Inc. (VWGoA) will join Virginia Governor Tim Kaine, and Fairfax County Public School (FCPS) administrators, board members, teachers and students at a "drive-off" celebration on Thursday, June 4. The celebratio ... Continue reading
British Gas and Romag Announce Plans to Develop Electric Vehicles Infrastructure
WINDSOR, England, June 3 -- British Gas and Romag Holdings Plc, the specialist manufacturer of glass and plastic composites for renewable energy applications, have signed a Memorandum of Understanding to collaborate in the testing, marketing, distribution and installation of British Gas branded solar power canopies and ... Continue reading
Tony Stewart Racing's Donny Schatz Returns To Indiana
INDIANAPOLIS, June 2, 2009: Opinions vary on how good or bad luck is actually encountered. Some agree that you make your own luck by working hard, but others will argue that luck has a mind of its own. Three-time and defending World of Outlaws (WoO) champion Donny Schatz has seen both good and bad luck find its way to ... Continue reading
Sahlen's Six Hours Of The Glen Good Daytona Prototype Indicator
DAYTONA BEACH, June 3, 2009: The road to the Daytona Prototype championships goes through Watkins Glen International, host of Saturday's Sahlen's Six Hours of The Glen, Round 5 of the 2009 Grand-Am Rolex Sports Car Series presented by Crown Royal Cask No. 16. The past three winners of the Sahlen's Six Hours - and four ... Continue reading
Krohn Racing Readies for Six Hours of The Glen
Watkins Glen, June 3, 2009: The next round on the Grand-Am Rolex Sports Car Seriesâ schedule is the popular Sahlenâs Six Hours of The Glen race at Watkins Glen International raceway in historic Watkins Glen, New York on Saturday, June 6th. The No. 76 Krohn Racing Ford Lola of Nic Jönsson and Ricardo Zonta ... Continue reading
5 Questions with Ryan Hunter-Reay - June 3, 2009
Q. We're getting to the heart of the season. Obviously that starts this weekend at Texas. Last year running as high as third late in the race there before the contact with Marco. What will it take for you guys to be among the front runners again this weekend? RYAN HUNTER‑REAY: Well, it will take us rolling off th ... Continue reading
<b>Robert Snell</b> Writing for the The Detroit News, Robert Snell says that General Motors Corp. is eliminating more dealers than initially reported and taking a tough stance with the rest of its retailers who must agree to stricter sales and performance targets or be eliminated in bankruptcy court. Dealers nationwide ... Continue reading
Stations Unfazed by Auto Dealer Closings
<b>By Kim McAvoy - TVNEWSDAY</b> Chatham NJ, June 3 2009: Last January, the Chrysler dealers in San Antonio, Texas, consolidated, merging six dealerships into three â and then promptly upped their TV ad spending. "We've all been hammering the airwaves pretty heavy," says April Ancira of Ancira Chrysler Jeep Dodge ... Continue reading
GM Auto Dealerships Seek Special Committee From GM Bankruptcy Trustee
BIRMINGHAM, Ala., June 3 -- On behalf of terminated and soon-to-be-terminated GM auto dealerships, former U.S. Attorney G. Douglas Jones dispatched a letter yesterday to General Motors bankruptcy trustee Diana G. Adams asking that a special committee be established to protect the interests of terminated GM auto dealers ... Continue reading
ArvinMeritor Regains Compliance With NYSE's Continued Listing Standards
TROY, Mich., June 3 -- ArvinMeritor, Inc. today announced that on June 1, 2009, the company was notified by the New York Stock Exchange, Inc. ("NYSE") that, based upon modified listing standards adopted by the NYSE, it has regained compliance with the NYSE's continued listing standards. As previously disclosed, the com ... Continue reading
WASHINGTON, June 3 /PRNewswire-USNewswire/ -- Victims and families from five states, some with catastrophic injuries, are asking Congress today for urgent help in light of the Chrysler and GM bankruptcies, which are wiping out their legal rights and those of millions of other Americans. According to the Chrysler bankru ... Continue reading
Kumho Tires Opens First Retail Outlet, Tires 4U
RANCHO CUCAMONGA, Calif., June 3 -- Kumho Tires, one of the world's leading tire manufacturers, announces the opening of Tires 4U, the first outlet in North America dedicated to the Kumho Tire global retail format. The store will open in Buena Park, Calif., on June 3rd and will be owned and operated by Benjamin Lee. Th ... Continue reading
PONTIAC, Mich., June 3 -- GuidePoint Systems announced it has launched VTAC GPS, a new vehicle tracking and control system that provides high-tech, GPS-based protection for cars, trucks and fleets. VTAC GPS (www.vtacgps.com) combines the technology of satellite tracking with the power of the Internet to give consumers ... Continue reading
Hyundai Motor America Urges Faster Action on Fleet Modernization Program Currently Before Congress
Survey data shows nearly 100,000 buyers a month are being lost until Congress acts on program FOUNTAIN VALLEY, Calif., June 3 -- Hyundai Motor America has released survey data showing that as of May 29 at least 38 percent of potential new car buyers in the U.S. are aware of a pending fleet modernization ("cash for clun ... Continue reading
PGW Automotive Glass Improves Fuel Efficiency Up to 6 MPG, Reduces CO2 Emissions for PHEV
NREL testing confirms the fuel economy benefits of Sungate EP(R) automotive glass DETROIT, June 3 -- The U.S. Department of Energy's National Renewable Energy Laboratory (NREL) and Pittsburgh Glass Works LLC (PGW) recently concluded testing which shows that Sungate(R) EP automotive glass improves fuel efficiency and ca ... Continue reading
Cyclone Power Technologies Issues Letter to Shareholders
POMPANO BEACH, Fla.--Cyclone Power Technologies (Pink Sheets:CYPW) today issued the following letter to shareholders: Dear Valued Shareholder, Thank you for your support of Cyclone Power Technologies. In the first quarter of 2009 we saw encouraging progress from both a technological and business standpoint which we wou ... Continue reading
BorgSolutions Revolutionizes Fleet Industry with Free Starter Edition of Borg Fleet
AUSTIN, Texas--BorgSolutions, the leading provider of fleet management solutions that reduce operating, labor and other costs for construction, oil & gas, fleet rental and transportation companies, today announced they will be offering a free version of its flagship fleet maintenance management software Borg Fleet â ... Continue reading
INRIX and UIE Automotive Partner to Deliver Connected Traffic Services for Drivers
Leading providers of dynamic location based services showcase real-time traffic services on Smartphone at Telematics Detroit DETROIT, June 3 -- UIE Automotive, a technology leader in location based services across three screens for the connected vehicle owner announced today its partnership with INRIX(R), the leading p ... Continue reading
Beijing Institute of Technology Advances Green Vehicle Design with PTC Pro/ENGINEER
NEEDHAM, Mass.--PTC , The Product Development Company®, today announced that Beijing Institute of Technology (BIT) has achieved great success using PTC® Pro/ENGINEER® for the design and research of 50 electric-powered buses, which were used for the Beijing 2008 Olympic Games. BITâs Electric Vehicle Nation ... Continue reading
DUBLIN--Research and Markets (http://www.researchandmarkets.com/research/ce78e8/2009_u_s_automoti) has announced the addition of the "2009 U.S. Automotive Transmission Repair Industry Report" report to their offering. The U.S. Automotive Transmission Repair Industry report, published annually, contains timely and accur ... Continue reading
NAVTEQ Powers Daimler Trucks' RunSmart Predictive Cruise Solution
Daimler launches advanced fuel efficiency enhancement feature using NAVTEQ(R) map data CHICAGO, June 3 -- NAVTEQ, the leading global provider of digital map, traffic and location data for in-vehicle, portable, wireless and enterprise solutions, today announced that Daimler Trucks North America LLC, a top medium- and he ... Continue reading
BRUSSELS, June 3 -- WABCO Holdings Inc. [http://www.wabco-auto.com] , a global technology leader and tier-one supplier to the commercial vehicle industry, today announced that the company has executed its previously announced plan to raise its ownership position to 75 percent in its award-winning joint venture, WABCO-T ... Continue reading
TULSA, Okla., June 3 -- Dollar Thrifty Automotive Group, Inc. today announced the sale of the Dollar Rent A Car and Thrifty Car Rental franchises in Knoxville, Tennessee, and the sale of the Thrifty Car Rental franchise in Omaha, Nebraska - including in-terminal airport operations at the McGhee Tyson Airport (Knoxville ... Continue reading
Mobileye and Visteon to Collaborate on the Development of Advanced Lighting Control Strategies
AMSTERDAM, June 3 -- Mobileye N.V. announced today an agreement with Visteon Corporation whereby the two companies will jointly develop strategies and technologies that will control tomorrow's smart headlamp systems. Growing use of Mobileye on-board camera systems makes it possible to feed information to Visteon's smar ... Continue reading
Interactive Volvo City Safety Demonstration at 2009 London Motorexpo
Visitors to the 2009 London Motorexpo at Canary Wharf can join in an interactive experience and demonstration of Volvo's pioneering City Safety technology, which actively prevents vehicle collisions at low speeds. ... Continue reading
GM Sells Hummer to China's Tengzhong
GM sells Hummer to China's Tengzhong http://autonews.gasgoo.com/auto-news/1010731/GM-sells-Hummer-to-China-s -Teng zhong.html Shanghai, June 3 (Gasgoo.com) General Motors has reached a preliminary agreement to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co, a machinery company based in western ... Continue reading
Mazda Mourns the Loss of Neil Warrior
Mazda Motor Europe has confirmed that Neil Stuart Warrior, Director of Public Relations, was a passenger on Air France flight 447 from Rio to Paris. Mr. Warrior's death has not been officially confirmed, but yesterday parts of the Airbus were recovered in the Atlantic Ocean and it is unlikely that there were any surviv ... Continue reading
Dacia Sandero Made and Sold in Morocco
The launch of the compact Sandero hatchback marks a major step in the growth of the Dacia brand in Morocco. Sandero extends Dacia's model line-up, which already comprises the Logan family saloon and Logan MCV (which went on sale in 2005 and 2008 respectively), and seeks to win over a new category of customer. ... Continue reading
ADAC Beakdown Statistics: The Mercedes-Benz C-Class Can be Relied Upon
The Mercedes-Benz C-Class takes first place in its segment in the latest ADAC breakdown statistics. According to surveys carried out by the largest European automobile club, this makes it the most reliable car in the medium class. ... Continue reading
Stopping Safely in an Emergency.
The Federal Ministry of Education and Research in Germany recently launched a research project titled "SmartSenior - intelligent services for senior citizens" which aims to make life in old age easier and safer. Among the areas the initiative focuses on are intelligent, location-independent emergency recognition and as ... Continue reading
Ford Of Canada Outpaces Industry; Ranks Second In Canada
Ford Motor Company of Canada, Limited outpaced the industry in May marking the company's seventh consecutive month of market share growth. Results were driven by products across the lineup including Ford Focus, Ford Escape, Lincoln MKX and Ford F-150. ... Continue reading
Opel Cannot Sell in the US and China
By Henny Hemmes Senior European Editor After a take over by Magna International, car manufacturer Opel/Vauxhall is not allowed to sell cars in the US. Last weekend, General Motors came to terms with Magna International and its Russion partners and the German government on the sale of 65 percent of its European division ... Continue reading
International Speedway Corporation Announces Settlement With the Internal Revenue Service
~Company to Reactivate Open Market Share Repurchase Program~ DAYTONA BEACH, Fla., June 3 -- International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin Board: ISCB) ("ISC") announced today that it has entered into a definitive settlement agreement (the "Settlement") with the Internal Revenue Ser ... Continue reading
Chrysler Announces June Consumer Incentives
-- GMAC Financial Services activates Chrysler, Jeep and Dodge dealers for retail business AUBURN HILLS, Mich., June 3 -- Chrysler LLC today announced enhanced June incentives that will appeal to what consumers want as they shop for new Dodge, Chrysler and Jeep(R) vehicles. "Beginning this month we are pleased to offer ... Continue reading
Networkfleet Announces New Low Cost GPS Vehicle Tracking System
SAN DIEGO--Networkfleet, Inc. today announced the soon to be available Networkfleet 4200, a low cost GPS vehicle tracking system for commercial and government fleets. The new system is designed for fleets that need reliable location tracking, but do not require the patented remote engine diagnostics offered by the Netw ... Continue reading
- Fundraising and participation record at this year's Audi Best Buddies Challenge: Hyannis Port - Star-studded High Gear tailgating gala and post-ride celebrations - Audi Q7 TDI clean diesel fleet to reduce the event's carbon footprint HERNDON, Va., June 3 -- Audi and Best Buddies International, a non-profit organizati ... Continue reading
May Proves Strong Month for Audi Sales in Australia
Audi Australia has finished the month of May with sales of 943 units - another record under the belt for the Ingolstadt-based luxury carmaker. The result represents growth of 14 percent compared with May 2008. ... Continue reading
Mazda is Australia's Number One Small Car
Mazda3 continued to make in-roads with Australian new car buyers last month: The sleek, sporty and compact small car celebrated its best May ever as the country's highest-selling small car and number two passenger car overall. ... Continue reading
Passat CC Awarded for its Outstanding Design
Volkswagen's recently released Passat CC was recognised with a Design Award for its innovation and design excellence at the 2009 Australian International Design Awards. ... Continue reading
Mobileye et Visteon collaborent au développement de stratégies de contrôle de Advanced Lighting
AMSTERDAM, June 3 -- Mobileye N.V. a annoncé aujourd'hui l'entente avec Visteon Corporation par laquelle les deux sociétés développeront conjointement des stratégies et des technologies qui permettront de contrôler les systèmes de phares intelligents. L'usage grandissant des caméras de bord Mobi ... Continue reading
Mobileye y Visteon colaboran en el desarrollo de estrategias de control de iluminación avanzadas
ÁMSTERDAM, June 3 -- Mobileye N.V. ha anunciado hoy un acuerdo con Visteon Corporation por el que las dos compañías desarrollarán conjuntamente estrategias y tecnologías que controlen los sistemas de faros inteligentes del mañana. El creciente uso de los sistemas de cámara a bordo de Mobileye hace posible alimen ... Continue reading
June New generation Subarus continue to spur demand for the All-Wheel Drive brand, with May sales of 2965 vehicles, according to official VFACTS figures released today. ... Continue reading
New-car Shoppers Say Now More Likely to Buy From Bankrupt Auto Brand
Kbb.com Market Intelligence Survey Details Consumers' Likeliness to Buy from Bankrupt Auto Manufacturer IRVINE, Calif., June 3 -- Kelley Blue Book, www.kbb.com, the leading provider of new car and used car information, today announces the results of the latest Kelley Blue Book Market Intelligence survey of in-market ne ... Continue reading
Honda Brings You the Power of Dreams
Developed by American Honda, the 'Dream the Impossible' documentary series features unscripted short films starring Honda associates - including outgoing President and CEO of Honda Motor Co. Takeo Fukui - sharing personal experiences of pursuing impossible dreams. ... Continue reading
Seventy-Five Years of the BMW Roadster
At the Berlin Motor Show in 1934, BMW presented its first roadster – the six-cylinder 315/1 - which went on to become one of the serious contenders in the sports car market of its time and the forbearer of the modern Z4 Roadster. ... Continue reading
Stop Talking, Start Scrapping Says Suzuki
Leading Australian car importer Suzuki has reiterated its call for the Australian government to introduce an automotive scrappage scheme. ... Continue reading
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