Ford Statement on General Motors' Bankruptcy
DEARBORN - June 1, 2009: Today's announcement that GM is filing for Chapter 11 bankruptcy is another important development during this unprecedented period for the auto industry and the global economy. The Ford team continues to monitor the industry environment and plan for all contingencies to ensure our transformatio ... Continue reading
Volvo and Vattenfall to Develop New Plug-In Hybrids - VIDEO STORY
A Volvo that can be fuelled with electricity from a standard wall socket will be a reality in 2012. Swedish energy company Vattenfall and the Volvo Car Corporation are launching an industrial joint venture partnership to introduce plug-in hybrids on the market. The ground-breaking technology will considerably lower the ... Continue reading
Saab Managing Director Gives Post-GM Bankruptcy Update - VIDEO STORY
TROLLHATTAN, Sweden - June 1, 2009: As GM files for Chapter 11, Saab Automobile is just weeks away from concluding a deal with new investors to take the company forward. Managing Director Jan Åke Jonsson has confirmed they are talking to three investors, that they will reveal the identity of the final candidate in the ... Continue reading
GMAC Financial Services Statement on Continuation of Direct Business with GM
DETROIT, June 1 -- GMAC Financial Services has been notified that the U.S. Bankruptcy Court has approved a motion presented by General Motors Corp (GM) that enables GMAC to conduct its direct operations with GM in the ordinary course. As previously stated, GMAC continues to conduct all of its operations, including offe ... Continue reading
CR ranks Chevrolet Traverse third among the 18 three-row SUVs it has tested YONKERS, N.Y., June 1 /PRNewswire-USNewswire/ -- With a "Very Good" overall test score, the new Chevrolet Traverse now ranks third in Consumer Reports' ranking of 18 midsized SUVs with three rows of seats. The only other SUVs in that category t ... Continue reading
DETROIT, June 1 /PRNewswire-USNewswire/ -- General Motors will emerge a stronger, more competitive company after bankruptcy, but it will take time and the supply base will suffer along the way, and many may face bankruptcy themselves, according to the Society of Automotive Analysts, a leading U.S. organization providin ... Continue reading
Consumer Reports: Don't Rely on Used-Car-History Reports
CR investigation in July issue reveals some damaged vehicles got 'clean' reports YONKERS, N.Y., June 1 /PRNewswire-USNewswire/ -- Consumer Reports' investigation of used-car-history reports revealed that many reports returned "clean" results for damaged cars. To test the veracity of history reports, CR ordered them for ... Continue reading
SANTA MONICA, Calif.--Shopping traffic on Edmunds.com dispels the notion that consumers will refuse to buy cars from a bankrupt automaker. Purchase intent for Chrysler vehicles has been remarkably high since the company filed for Chapter 11. In mid-May, purchase intent rose 72 percent over its April average. Additional ... Continue reading
Peugeot 5008, the New People Carrier
With the 5008, Peugeot has created a new interpretation of the compact people carrier. This new model combines all the manufacturer's key values but also builds further on the benefits expected by customers in this segment without any adverse effect on the vehicle's road holding. The 5008 also introduces a range of cut ... Continue reading
Yokohama Tire Corporation Drivers Continue to Win in 2009 Redline Time Attack Series
FULLERTON, June 1, 2009: FX Motorsports Development Acura NSX driver Billy Johnson is on a roll. The Yokohama Tire Corporation-sponsored racer claimed victory again in the May 30-31 Redline Time Attack Series at Willow Springs International Raceway in Rosamond, California. Johnson drove the NSX to RWD Unlimited Class a ... Continue reading
IndyCar Series Notes - June 1, 2009
Dixon leads points after rough start to season: Temporarily frustrated by finishes outside the top 10 in the first two races of the IndyCar Series season, Scott Dixon now is at the top of the championship standings after five of 17 events. But as the reigning series champion knows from experience of the past two season ... Continue reading
Audi and Xbox 360 Join Forces for the Highly Anticipated Debut of Forza Motorsport(R) 3
- The 2010 Audi R8 5.2 FSI quattro V10 sports car will be the cover car that is featured prominently on the cover and in "Forza Motorsport 3" - Audi and Xbox 360 plan a range of promotional activities leading to the game's October launch starting with the AXF-24 Audi-Forza Challenge during Le Mans weekend June 13-14 at ... Continue reading
Dealer Synergy Helps to Bail out GM and Chrysler Dealers
New strategic marketing gives impacted automotive dealers resources to improve sales volume LOS ANGELES, June 1 -- Dealer Synergy, one of the top automotive training organizations in the country, is using their Internet Sales 20 Group Events to provide dealers with the strategic tools they need to increase sales and bu ... Continue reading
Pelosi Statement on General Motors' Restructuring Plan
WASHINGTON, June 1 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi issued the following statement after General Motors Corp. filed for bankruptcy protection today: "I commend the executives and workers of General Motors, the members of the Treasury Department's automobile task force, and the Obama Administration for wo ... Continue reading
What to Do With a Vacant GM Plant
Hope grows when city, county and state come together for business OKLAHOMA CITY, June 1 -- As General Motors enters Chapter 11 bankruptcy protection, the company has announced the closing of 14 plants across the country, leaving many communities to wonder, "What to do with a vacant GM plant?" When GM closed its plant i ... Continue reading
Brandon Blaskowski Named President of U-Haul Company of North Shore Chicago
CHICAGO, June 1 -- The U-Haul Company of North Shore Chicago today announced the promotion of Brandon Blaskowski to president. Blaskowski brings more than 10 years of U-Haul experience to his new position, where he will be responsible for overseeing the daily operations of the company, including truck, trailer and stor ... Continue reading
Alamo’s Florida ‘Drive-Out’ Program Available Through July 18
ST. LOUIS--Alamo Rent A Carâs Florida âDrive-Outâ program, which is available through July 18, continues to offer savvy travelers low one-way rates, no drop charges and unlimited mileage. Under the program, Alamo customers traveling from select cities in Florida can rent cars for as little as $10 per day ... Continue reading
Middle Market Suppliers: GM Bankruptcy Deal Must Protect Tier 2 and 3 Auto Companies
WASHINGTON--The Precision Metalforming Association (PMA) and the National Tooling & Machining Association (NTMA) strongly urged the U.S. government and bankruptcy courts today to ensure the continued solvency of middle market suppliers by requiring that Chapter 11 bankruptcy protection for General Motors Corporation in ... Continue reading
CAMARILLO, Calif.--CalMotors, makers of high performance hybrid and electric powertrains, today announced its strategic alliance with Parker Hannifin Corporation to produce fully integrated powertrain solutions for the automotive and marine industries. Parker Hannifin Corporation has a long and highly respected history ... Continue reading
CarMax Kicks off Month-Long Volunteer Efforts Across The United States
RICHMOND, Va.--CarMax, Inc. , the nationâs largest retailer of used cars, today kicks off volunteer efforts across the United States to support the communities where our associates live and work. During June, hundreds of CarMax associates are volunteering in teams for non-profit organizations, such as Boys and Gir ... Continue reading
Bright Automotive Anxious to Help America Achieve President's Goal of One Million Plug-In Hybrid Cars on the Road by 2015 ANDERSON, Ind., June 1 /PRNewswire-USNewswire/ -- Bright Automotive today announced it has applied for $35 million in government grants in support of the President's goal to put one million plug-in ... Continue reading
Nader Statement On GM Bankruptcy
WASHINGTON, June 1 /PRNewswire-USNewswire/ -- Consumer advocate Ralph Nader today issued the following statement on GM's bankruptcy filing: Today's bankruptcy declaration in federal court by General Motors is an avoidable, crude weapon of mass devastation for workers, dealers, auto suppliers, small businesses and their ... Continue reading
IUE-CWA Vows to Fight to Protect Retiree Health Care in GM Bankruptcy Case
DAYTON, Ohio, June 1 /PRNewswire-USNewswire/ -- IUE-CWA, the Industrial Division of the Communications Workers of America, is moving aggressively to protect the interests of more than 41,000 represented retirees and their dependents with a filing to stop General Motors' plan to sell its viable assets. The objection, to ... Continue reading
Penske Truck Leasing Expands and Improves Carson, Calif. Facility
READING, Pa., June 1 -- Penske Truck Leasing announced improvements to its facility in Carson, Calif., located at 19646 Figueroa Street. Offering full-service truck leasing, contract maintenance and commercial and consumer rental services, Penske added nearly 6,000 square feet to the two-story building, bringing the cu ... Continue reading
Dollar Thrifty Automotive Group to Present at Stephens Inc. Investment Conference
TULSA, Okla., June 1 -- Dollar Thrifty Automotive Group, Inc. today announced that executive management will present at the Stephens Inc. Spring Investment Conference. The presentation will provide an overview of Dollar Thrifty's first-quarter financial results, as well as an update on its strategy and expectations for ... Continue reading
Propel Fuels Hosts Advanced Fuel Vehicle Showcase in Downtown Seattle
SEATTLE--Propel Fuels, a leading retailer of clean, renewable fuels, is hosting Seattleâs first Hydrogen Vehicle Show at its Downtown Seattle Clean Fuel Point station. As part of the 28-city, Hydrogen Road Tour, todayâs event previews the latest in hydrogen fuel cell vehicle design and provides information on ... Continue reading
Progressive Insurance Automotive X PRIZE Announces Hire of Senior Director Eric Cahill
Cahill brings a wealth of experience in the automotive and energy sectors to the multimillion dollar competition for super fuel efficient vehicles PLAYA VISTA, Calif., June 1 /PRNewswire-USNewswire/ -- The Progressive Insurance Automotive X PRIZE, a multimillion dollar competition to inspire a new generation of viable, ... Continue reading
Uniroyal Announces Addition to the Tiger Paw Line
Hello, Uniroyal Tire is proud to announce the latest addition to their signature Tiger Paw line with the release of the Tiger Paw AS65. The company has long been recognized as providing durable, safe tires that handle well, all while being a great value for consumers looking to save money without sacrificing quality. T ... Continue reading
Detroit Catholic Leader on General Motors Bankruptcy
DETROIT, June 1 /PRNewswire-USNewswire/ -- Subsequent to the bankruptcy filing of General Motors, Detroit's Archbishop Allen H. Vigneron makes the following statement: "The news concerning General Motors adds to the disruption and uncertainty already faced by many of our fellow citizens. All of those impacted by these ... Continue reading
Washington DC June 1, 2009; President Barak Obama with grim face and serious demaeanor laid out the U.S. governments role in the running of the new people owned GM. He said that GM could not go on the way it had been and and needed to change in order for our children and grandchildren s sake so we as a nation can once ... Continue reading
A1GP's John Travis Reflects on the First Chapter of the Powered by Ferrari Era
London, June 1 2009: Since A1GP World Cup of Motorsport announced the landmark partnership with Ferrari back in 2007, a momentous project began to design, build and test a full field of cars and bring them to the grid for the 2008/09 season. With the first season in a 5-year deal now complete, the man who has overseen ... Continue reading
Hinchcliffe Holds Sixth with Milwaukee Finish
Toronto, June 01, 2009: James Hinchcliffeâs oval education continued at the weekend with the Canadian claiming his best finish to-date in the discipline courtesy of a seventh place finish in Sundayâs sixth round of the 2009 Firestone Indy Lights Series hosted at The Milwaukee Mile, Wisconsin. As a result the ... Continue reading
NHRA's best sportsman racers primed and ready for JEGS Allstars
JOLIET, June 1, 2009: For competitors in almost any sporting event, there are few honors that compare to being named to an Allstar team. Each of more than 60 elite NHRA Sportsman racers who have qualified to participate in this weekendâs 25th annual JEGS Allstars race at Route 66 Raceway certainly realize that the ... Continue reading
RallyCross National Championship Registration Open
TOPEKA, June 1, 2009: Registration for the 2009 RallyCross National Championship, to be held in Fountain, Colo., on Oct. 9 â 11, goes live on www.scca.com, today, June 1. The event promises three days of great driving on an unparalleled surface. For the third installment of the RallyCross National Championship, th ... Continue reading
Rick Hendrick Responds To General Motors Announcement
CONCORD, June 1, 2009: Rick Hendrick, owner of Hendrick Motorsports and chairman of Hendrick Automotive Group, today responded to the announcement by General Motors that it will file for Chapter 11 bankruptcy protection: "The products General Motors offers are the highest quality and most fuel efficient in its history, ... Continue reading
WASHINGTON, June 1 /PRNewswire-USNewswire/ -- The following is a statement from the Chairman of the National Automobile Dealers Association (NADA), John McEleney, in response to the ruling by the bankruptcy court in favor of an alliance between Chrysler and Fiat: The ruling by the bankruptcy court late yesterday should ... Continue reading
Despite Bankruptcy News, Consumer Interest in GM, Chrysler Cars Remains Steady on Cars.com
CHICAGO, June 1 -- Despite Chrysler's bankruptcy challenges and a government-imposed deadline for GM to file for Chapter 11 bankruptcy protection, consumer interest in Chrysler and GM cars has remained steady over the past year on automotive shopping site Cars.com. As of April, searches for new and used GM cars on Cars ... Continue reading
LoJack Joins MenuVantage Provider Exchange Network
ORLANDO, Fla.--MenuVantage, (www.menuvantage.com) the market's premier web-based menu selling system, today announced that LoJack Corporation , the premier worldwide provider of tracking and recovery systems, has joined its Provider Exchange Network ("PEN"). The company joins over 60 other providers currently on the ne ... Continue reading
Dongfeng Motor to buy PV operation from parent
Dongfeng Motor to buy PV operation from parent http://autonews.gasgoo.com/auto-news/1010707/Dongfeng-Motor-to-buy-PV-o perat ion-from-parent.html Shanghai, June 1 (Gasgoo.com) Dongfeng Motor Group, one of China's leading automakers, decided to acquire the passenger vehicle operations from its parent company, Dongfeng M ... Continue reading
Bus maker Xiamen King Long to make sedans
Bus maker Xiamen King Long to make sedans http://autonews.gasgoo.com/auto-news/1010708/Bus-maker-Xiamen-King-Long -to-m ake-sedans.html Shanghai, June 1 (Gasgoo.com) Xiamen King Long United Automotive Industry Co Ltd, a major Chinese bus maker based in southeast China's Fujian province, will use its existing light bus ... Continue reading
BMW Brilliance has new president, CEO today
BMW Brilliance has new president, CEO today http://autonews.gasgoo.com/auto-news/1010709/BMW-Brilliance-has-new-pre siden t-CEO-today.html Shanghai, June 1 (Gasgoo.com) BMW AG and Brilliance China Automotive Holdings Co., Ltd. have jointly appointed Mr. Olaf Kastner as President and CEO of BMW Brilliance Automotive Ltd ... Continue reading
XPEL Announces 1st Quarter 2009 Financial Results
SAN ANTONIO--XPEL Technologies Corp. (TSXV: DAP.U) announced today results for the three months ended March 31, 2009, as compared to the three months ended March 31, 2008. XPELâs Interim CEO, Ryan Pape, commented, âIn the first quarter of 2009, we achieved net income profitability for the first time for any F ... Continue reading
Magna Announces Continuing Involvement in Proposed Opel Solution
AURORA, Canada, June 1 -- Magna International Inc. (TSX: MG.A, NYSE: MGA) announced today that, following extensive negotiations over the past several days with various stakeholders, including representatives of German federal and state governments, GM Europe, General Motors Corporation and the US Treasury, it has reac ... Continue reading
Wilmington Trust to Serve as Trustee in General Motors Bankruptcy
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 is serving as successor indenture trustee for certain holders of $23.075 billion of unsecured debt securities issued by General Mo ... Continue reading
National Auto Dealers Hope GM Bankruptcy is Short
The following is a statement from the Chairman of the National Automobile Dealers Association (NADA), John McEleney, in response to the GM bankruptcy: Even though this may have been anticipated for some time, the bankruptcy of General Motors, an American icon for a hundred years, still marks a historically sad day for ... Continue reading
VINtek Launches Next Generation of VINtekTIME
PHILADELPHIA--VINtek (www.vintek.com), a provider of automotive collateral management services and direct auto finance solutions for banks, credit unions and other automotive finance lenders, announced the launch of its latest version of VINtekTIME, its Web-based automotive collateral management system for paperless an ... Continue reading
Nissan Announces Vehicle Recovery Rate For FY2008
Nissan Motor Co. Ltd., today shared the progress report on its recycling efforts in Japan for the fiscal year 2008 (April 2008 to March 2009). Nissan has exceeded its target recycling rates for end-of-life vehicles (ELVs) in accordance with the Japan Automobile Recycling Law. ... Continue reading
TEMPE, Ariz.--Economic activity in the manufacturing sector failed to grow in May for the 16th consecutive month, while the overall economy grew for the first time following seven months of decline, say the nationâs supply executives in the latest Manufacturing ISM Report On Business®. The report was issued tod ... Continue reading
EverDrive Provides Guaranteed Installation Service on Used Engines and Used Transmissions
RICHMOND, Va.--EverDrive LLC, a leading supplier of recycled auto parts, is now offering its customers in-market installation with a validated warranty when they purchase a used engine or used transmission through EverDrive.com. âFinding a quality used engine or transmission is only the first step in a low-cost au ... Continue reading
BURTONSVILLE, Md.--New Energy Technologies, Inc. (OTCBB:NENE), a next-generation alternative and renewable energy developer, today announced that the Company has now filed nine new patent applications with the United States Patent and Trademark Office (USPTO) in order protect novel features of its recently prototyped M ... Continue reading
CONCORD, Ontario--Environmental Solutions Worldwide Inc. (OTCBB: ESWW) (Frankfurt Stock Exchange FWB: EOW) announced today that its wholly owned subsidiary ESW Canada Inc. (ESWC) received notification from the California Highway Patrol (CHP) that the Companyâs ThermaCat⢠Active Level III Plus catalyst system ... Continue reading
Lear Elects to Exercise 30-Day Grace Period for Pending Interest Payments
SOUTHFIELD, Mich., June 1 -- Lear Corporation , a leading global supplier of automotive seating systems, electrical distribution systems and electronic products, announced today that it has chosen not to make semi-annual interest payments of approximately $38 million due on June 1, 2009 with respect to its 8.50% Senior ... Continue reading
The Bank of New York Mellon Appointed Depositary Bank by GB Auto
NEW YORK, June 1 -- The Bank of New York Mellon , the global leader in asset management and securities servicing, has been selected by GB Auto S.A.E. as the depositary bank for its Global depositary receipt (GDR) program. Each GB Auto GDR represents five ordinary shares. The GDRs trade on the over-the-counter (OTC) mar ... Continue reading
BlueAnt Introduces the S1 Sun Visor Bluetooth Car Speakerphone with Multipoint
SAN FRANCISCO--Stylish in design, easy to use and with no installation requirements, the BlueAnt S1 car speakerphone offers a safe way to use your phone while driving. The S1 is just as easy to use as its predecessors in the BlueAnt range: answering a call is as simple as saying the word âAnswer.â There is no ... Continue reading
Kubota Promotes Utility Vehicle Safety to Help Reduce Accidents Nationwide
TORRANCE, Calif.--June brings with it warmer, longer days and more time spent working outside and enjoying the great outdoors. While the summer sun may make you feel carefree, it is as important as ever to be careful, particularly when operating equipment. June is the National Safety Councilâs National Safety Mont ... Continue reading
SIOUX CITY, Iowa--Terra Industries Inc. (âTerraâ) announces that Terra Environmental Technologies Inc. (âTETâ), a wholly-owned Terra subsidiary, has signed a multiyear agreement with Daimler Trucks North America LLC (âDTNAâ) to supply all its Selective Catalytic Reduction (âSCRâ) ... Continue reading
Iteris Debuts Two New Products at the 2009 ITS America Annual Meeting and Exposition
SANTA ANA, Calif.--Iteris, Inc. (NYSE Amex: ITI), a leader in the traffic management market that focuses on the application and development of advanced technologies, today announced that it will debut VersiCam Wireless⢠and VantageView⢠at the 2009 Annual Meeting and Exposition of the Intelligent Transportati ... Continue reading
Worthington Industries Announces Tender Offer For Outstanding 6.70% Notes Due December 1, 2009
COLUMBUS, Ohio--Worthington Industries, Inc. today announced that it has commenced a cash tender offer (âTender Offerâ) for any and all of the $138.0 million outstanding principal amount of its 6.70% Notes due December 1, 2009 (âNotesâ). The consideration payable for the Notes will be $1,025 per $1, ... Continue reading
Adura Systems Adopts Freescale’s FlexRay™ Automotive Microcontroller Technology
MENLO PARK, Calif.--Adura Systems, Inc., the green, electric powertrain company that offers breakthroughs in electric range for medium and large vehicles, today announced its selection of Freescale Semiconductorâs FlexRay⢠automotive microcontroller (MCU) technology for high-speed in-vehicle networking. Frees ... Continue reading
Iveco Joins the UK Government's Car and Van Scrappage Scheme
Iveco has signed up to the UK Government's car and van scrappage scheme, which enables customers to scrap a car or van over ten years old and benefit from a £2,000 discount against the purchase of a new Daily van or chassis cab at 3.5 tonnes. ... Continue reading
First KIA Vehicles to Offer Amerigon Heated & Ventilated Seat System NORTHVILLE, Mich., June 1 -- Amerigon Incorporated , a leader in developing and marketing products based on advanced thermoelectric (TE) technologies, today announced that its proprietary heated and ventilated seat system will be offered as an option ... Continue reading
Key Industry CAE Experts to Address Ricardo Software Conference
VAN BUREN TWP., Mich., June 1 -- Ricardo, Inc., a leading independent provider of technology, product innovation and engineering solutions to the world's automotive, military, transport and new energy industries, has announced that the Ricardo Software North American User Conference (NAUC) is to be held on June 9 at th ... Continue reading
Scrappage Scheme - An Opportunity For Motorists to Up-Grade on Safety
Under the UK Government scrappage scheme, which started last month, cars that are ten years or older can be traded for a new model. According to Bosch, very few cars over ten years old will have been fitted with ESP (Electronic Stability Program) and so the scheme provides an opportunity for buyers to specify a new car ... Continue reading
Auto Dealers Mastered Art of Squeezing Max Profits
Washington DC June 1, 2009; Thye AIADA newsletter reported that although most of today's successful dealers have abandoned a squeeze-the-consumer sales approach, many feel they are now being haunted by the ghosts of the past, allowing them to be portrayed as disposable bad actors in a domestic automobile industry fight ... Continue reading
New Era in Autos as GM Set for Bankruptcy
Washington DC June 1, 2009; The AIADA newsletter reported that as GM prepared to file for bankruptcy, the question facing 56,000 auto workers, 3,600 GM dealers, and the Obama administration is: Will it work? According to the Wall Street Journal, the government, which will own a majority of the company, is wagering upwa ... Continue reading
General Motors' Board of Directors Statement
Attributable to Kent Kresa, Chairman DETROIT - June 1, 2009: âThe General Motors Board of Directors authorized the filing of a chapter 11 case with regret that this path proved necessary despite the best efforts of so many. Today marks a new beginning for General Motors. A court-supervised process and transfer of ... Continue reading
DealerTrack Quantifies Benefits of Inventory Management Solution and Carfax
LAKE SUCCESS, N.Y.--DealerTrack, Inc., a subsidiary of DealerTrack Holdings, Inc. , a leading provider of on-demand software and data solutions for the U.S. automotive retail industry, today announced the results of a study that quantifies the benefits to dealers of marketing used vehicles that have had only one previo ... Continue reading
Source Interlink Companies Plan of Reorganization Now Approved
BONITA SPRINGS, Fla.--Source Interlink Companies is pleased to announce that its Plan of Reorganization was approved on Thursday. This official confirmation clears the way for the Company to emerge from the reorganization proceedings as planned in early June. The reorganization process lasted an unprecedented 31 days! ... Continue reading
KVH's Tinley Park, IL facility recently doubled in size and capacity with 50% increase in staffing to support strong growth in FOG business TINLEY PARK, Ill., June 1 -- KVH Industries, Inc., reached a major landmark recently as it built its 25,000th Fiber Optic Gyro (FOG), an illustration of the rapid growth of the com ... Continue reading
Chevron Celebrates Summer With the Ultimate Roadtrip Giveaway – Gas and Cars
SAN RAMON, Calif.--Chevron Corporation today announced the Summer Road Trip Giveaway, a national promotion featuring more than 40,000 prizes, including Chevron gas for a year, hotel stays, GPS units and five new cars. Beginning today at participating Chevron stations in the U.S., people can test-drive their luck by pla ... Continue reading
GM Pulls Ahead U.S. Plant Closures; Reaffirms Intent to Build Future Small Car in U.S.
14 U.S. Manufacturing Plants & Three Service and Parts Operations Warehouses Impacted DETROIT, Mich. -- General Motors Corp. today announced details of its accelerated manufacturing plan to improve capacity utilization and flexibility for the New GM. GM also reaffirmed it will build a small car at one of its U.S. assem ... Continue reading
INRIX Connected Services enable new Ford in-car services KIRKLAND, Wash., June 1 -- INRIX(R), the leading provider of traffic information in North America, today announced that the new Ford SYNC with Traffic, Directions and Information, powered by INRIX Connected Services and other Ford technology partners, is live and ... Continue reading
GM Announces Agreement For New Company With U.S and Canadian Governments
GM ANNOUNCES AGREEMENT WITH U.S. TREASURY AND CANADIAN GOVERNMENTS PROVIDING FAST TRACK TO COMPETITIVE FUTURE FOR 'NEW GM' NEW GM, BUILT FROM COMPANY'S STRONGEST OPERATIONS, EXPECTED TO LAUNCH IN 60-90 DAYS UNDER NEW OWNERSHIPGM FILES VOLUNTARY CHAPTER 11 TO IMPLEMENT '363' SALE AGREEMENTGM IS OPEN FOR BUSINESS IN THE ... Continue reading
June 1, 2009 GM Board of Directors Statement
Attributable to Kent Kresa, Chairman: âThe General Motors Board of Directors authorized the filing of a chapter 11 case with regret that this path proved necessary despite the best efforts of so many. Today marks a new beginning for General Motors. A court-supervised process and transfer of assets will enable a Ne ... Continue reading
GMAC Financial Services Statement on General Motors Chapter 11 Filing
DETROIT, June 1 -- GMAC Financial Services is a creditor of General Motors Corp. (GM) and as such is taking the appropriate steps to protect GMAC's interests during GM's restructuring. GM has submitted a motion to the U.S. Bankruptcy Court that, pending approval, would allow its direct business with GMAC to continue in ... Continue reading
Court Approves Sale of Chrysler LLC Operations to New Company Formed with Fiat
AUBURN HILLS, Mich., June 1 -- Chrysler LLC today announced that the U.S. Bankruptcy Court, Southern District of New York, has approved its request to sell substantially all of its operations to Chrysler Group LLC, the new company formed in alliance with Fiat SpA. "With this approval, the new Chrysler Group is created ... Continue reading
U.S. Chamber President Comments on GM and Chrysler Restructuring
WASHINGTON, D.C. June 1, 2009; Thomas J. Donohue, president and CEO of the U.S. Chamber of Commerce, issued the following statement today about General Motor's bankruptcy filing and the status of Chrysler's reorganization: âThe future success of General Motors and Chrysler ultimately depends on whether they can pr ... Continue reading
Production Restarts at Honda Car Plants In Swindon
Thousands of associates returned to work at Honda's car plant in Swindon this morning, as the factory prepares to restart production of Civic and CR-V models for Europe. ... Continue reading
BMW Gears Up for the Ski Season
As the winter ski season approaches, BMW is offering customers the opportunity to accessorise their car, with a range of accessories perfect for the winter month's activities. ... Continue reading
Suzuki Expects High Safety Rating for Australian Alto
Suzuki Australia today moved to reassure the growing list of potential customers for the exciting new Alto sub-light car that it will be among the safest in its category. ... Continue reading
Bentley Achieves Recyclability Benchmark
British car manufacturer Bentley has taken another step in delivering its class-leading environmental strategy. Bentley now guarantees 85 % recyclability (or 95 % recoverability) of materials for all its current Continental models, becoming one of the first carmakers in the luxury vehicle bracket to take such a step as ... Continue reading
Honda on Show at Toowoomba's Farmfest
A squadron of Honda products will be the star attraction at Toowoomba's FarmFest, to be held in Kingsthorpe Park from 2 to 4 June, 2009. ... Continue reading
'Pimp' Your Honda Accord Euro with Modulo
The Honda Accord Euro, Wheels Car of the Year 2008, is now complimented with the Honda Custom Performance brand, 'Modulo'. ... Continue reading
Chrysler Gets Court Approval to Sell Assets to Fiat
AUBURN HILLS, MI - June 1, 2009: Late Sunday night a Federal bankruptcy judge finally approved Chrysler's sale of most of its assets to Fiat. The sale had faced as many as 300 objections from creditors, states' Attorneys General and pension fund groups. It's hoped that the deal with Fiat will allow Chrysler to restart ... Continue reading
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