GMAC Receives $5.0 Billion Investment from the U.S. Treasury
Announces satisfaction of conditions to and expiration of its notes exchange offers NEW YORK, Dec. 29 -- GMAC Financial Services today announced that it has sold $5.0 billion of GMAC's preferred membership interests and warrants to the U.S. Department of the Treasury as a participant in the Troubled Assets Relief Progr ... Continue reading
SEMA Call To Oppose Federal "Cash for Clunkers" Program
Washington lawmakers are drafting a large economic stimulus package to help create jobs and rebuild infrastructure. They want to include a nationwide scrappage program which would give U.S. tax dollars to consumers who turn-in older cars to have them crushed, as a misguided attempt to spur new car sales. The lawmakers ... Continue reading
Coachmen Industries, Inc. Completes Sale of RV Group Assets
MIDDLEBURY, Ind., Dec. 29 -- Coachmen Industries, Inc. today announced that on Dec. 26, 2008 the Company closed on the sale of nearly all of the assets of its Recreation Vehicle business to Forest River, Inc. The sale had been overwhelmingly approved by the Shareholders the previous week. "While the housing markets rem ... Continue reading
Thomas Friedman: Reflecting on Lower Gas Prices and Who Can Really Win Win Win...
By THOMAS L. FRIEDMAN Published: December 27, 2008 How many times do we have to see this play before we admit that it always ends the same way? Thomas L. Friedman Which play? The one where gasoline prices go up, pressure rises for more fuel-efficient cars, then gasoline prices fall and the pressure for low-mileage vehi ... Continue reading
Hyundai Genesis Coupe to Debut in Race-Inspired Super Bowl Advertisement
Sports Car Will Dance to Music Performed by Grammy Award-winning Cellist Yo-Yo Ma Precision Driving Performed by World Champion Racer Rhys Millen FOUNTAIN VALLEY, Calif., Dec. 29 -- Hyundai Motor America will air its first two television commercials for the new 2010 Genesis Coupe during Super Bowl XLIII on Sunday, Febr ... Continue reading
Lucas and Todd are Bodine Bobsled Bound
FOR IMMEDIATE RELEASE Contact: Jay Wells (704) 662-3525 - Office (704) 281-5678 - Cell LucasOil.com LUCAS AND TODD ARE BODINE BOBSLED BOUND BROWNSBURG, Ind. (Dec. 27) - When physicist Albert Einstein derived his famous systematic Theory of Relatively of E = mc2 equation, little did NHRA Top Fuel drag racers, Morgan Luc ... Continue reading
Derek Daly Design Announces Indian Strategic Alliance
December 29th 2009 Strategic alliance to help develop Indian motorsports infrastructure For Immediate Release: Derek Daly Design (DDD) is pleased to announce a strategic alliance with Van Diemen International Racing Services for the specific purpose of helping develop the club and pro level motorsports infrastructure i ... Continue reading
SKOKIE, Ill.--Rand McNally today introduced significant additions to its IntelliRoute® and MileMaker® commercial trucking solutions to help carriers and shippers save time and money. These enhancements will provide more flexibility and customization in freight rating and truck routing, more specific routing in Me ... Continue reading
CarMax Reveals Top Searched Used Vehicles for 2008
RICHMOND, Va.--CarMax, Inc. the nationâs largest retailer of used cars, reports the top ten searched vehicles on carmax.com for 2008. The Honda Accord retains the top spot for the third consecutive year. For the past year, carmax.com averaged more than five million visits per month.* The top ten searched vehicles ... Continue reading
China BAK Funded by National 863 Program for its Electric Vehicles Battery Project
SHENZHEN, China, Dec 29 /PRNewswire-Asia-FirstCall/ -- China BAK Battery, Inc. ("China BAK", or "BAK") , one of the largest lithium-ion battery cell manufacturers in the world, as measured by production output, today announced its Electric Vehicles Lithium-phosphate Power Battery Industrialization Project (the "Project ... Continue reading
Wonder Auto Technology Announces Development Agreements With Shenzhen BYD
JINZHOU CITY, China, Dec. 29 /PRNewswire-Asia-FirstCall/ -- Wonder Auto Technology, Inc. ("Wonder Auto" or the "Company"), a leading manufacturer of automotive electrical parts, suspension products and engine accessories in China, today announced that one of its subsidiaries, Jinzhou Halla Electrical Equipment Co., Ltd ... Continue reading
Kelley Blue Book Names Most-Researched New Vehicles of 2008
Chevrolet Malibu, Toyota Yaris, Honda Fit, Volkswagen Jetta Make Impressive Jumps into Top 20 for 2008 IRVINE, Calif., Dec. 29 -- Kelley Blue Book, the leading provider of new- and used-vehicle information, today announces the most-researched new cars of 2008 on the company's top-rated Web site, www.kbb.com. The year 2 ... Continue reading
China Auto Export To See Negative Growth In 2009
China auto export to see negative growth in 2009 http://www.gasgoo.com/auto-news/1008891/China-auto-export-to-see-negati ve-gr owth-in-2009.html Shanghai, December 29 (Gasgoo.com) Industry analyst predicts that China's vehicle export will head toward a negative growth in 2009 as industry figure already shows a sheer de ... Continue reading
Chery Auto To Launch S16 Mini Sedan By May
Chery Auto to launch S16 mini sedan by May http://www.gasgoo.com/auto-news/1008883/Chery-Auto-to-launch-S16-mini-s edan- by-May.html Shanghai, December 29 (Gasgoo.com) Chery Auto is seeking a formal name from the public for its Chery S16 sedan model, a new member of the Chinese automaker's well-known QQ mini-car series ... Continue reading
Dongfeng Motor Sets Up Wuhan PV Plant
Dongfeng Motor sets up Wuhan PV plant http://www.gasgoo.com/auto-news/1008885/Dongfeng-Motor-sets-up-Wuhan-PV -plan t.html Shanghai, December 29 (Gasgoo.com) Dongfeng Passenger Vehicle Company, a subsidiary of China's third largest automaker Dongfeng Motor Company, has finished construction of its Wuhan plant as planne ... Continue reading
Employees Worldwide Evaluate Continental Positively as Employer
Continental employees have once again given their company above average good marks. In several subject areas, the evaluations were by far better than the industry benchmarks. These are the findings of the "BASICS live" employee survey conducted for the second time by the University of Mannheim (Germany) in collaboratio ... Continue reading
Kwik-Fit Unveils Alternative Calendar
Kwik-Fit today announces the launch of its Tyre Wall of Shame calendar 2009. Though not as glamorous as the famous Pirelli Calendar with its exotic locations and beautiful models, the Tyre Wall of Shame is equally compelling, and is the perfect gift in helping keep loved ones safe on the roads next year. ... Continue reading
Hyundai i20 - Save When You Buy, Save When You Sell!
The new Hyundai i20's great value prices, exceptional quality and industry-leading warranty don't just make it attractive to new car buyers. According to industry experts they will also make it popular as a used car choice in the future - and that means it holds its value. ... Continue reading
Kia Sportage Makes It Three In A Row In Planet 4x4 Awards
The Kia Sportage has been chosen as the "Value for Money Champion" for the third year in a row in the Planet 4x4 2008 Awards. ... Continue reading
DENSO Announces Revision of Full-year Financial Forecast
DENSO Corporation today announced that it has revised its financial forecast for the fiscal year ending March 31, 2009, announced on October 30, 2008. ... Continue reading
New Morgan Model for the Centenary Introducing the SuperSport Junior Pedal Car
In 1909, HFS Morgan designed and built his first iconic Morgan 3 wheeler. To recognise this achievement 100 years later, the Morgan factory is proud to announce a limited run of 500 Centenary pedal cars. ... Continue reading
The new XF V6 Diesel S - combining superb performance and excellent fuel economy - sets the pace with acceleration from 0-60mph in 5.9 seconds, a maximum speed of 155mph, yet delivers an average fuel consumption of 42mpg and CO2 emissions of 179g/km: Truly the best of both worlds! ... Continue reading
Subaru Australia and Esanda today announced a new retail and wholesale automotive finance partnership. Esanda is a wholly-owned subsidiary of ANZ and one of Australia’s leading providers of vehicle finance. In early 2009 it will become a partner in the co-branded Subaru Finance, which will be available to the Sub ... Continue reading
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