American Honda Reports May Sales
Jun 2, 2009
Honda hybrid sales up 7.5 percent TORRANCE, Calif., June 2 -- American Honda Motor Co., Inc., posted May total vehicle sales of 98,344, a decline of 39.2 percent compared to all-time record-setting May 2008 results. Year-to-date sales of 430,358 represent a 33.3 percent decrease on a daily-selling-rate basis* compared ... Continue reading
Jun 2, 2009
TORRANCE, Calif., June 2 -- Toyota Motor Sales, U.S.A., Inc., today reported that May vehicle sales hit a new monthly high for the year and jumped 20.6 percent compared to April 2009. Sales of 152,583 vehicles trailed year ago levels and were down 38.4 percent from last May, on a daily selling rate basis. "The big jump ... Continue reading
Shanghai GM Unaffected by GM Bankruptcy
Jun 2, 2009
Shanghai GM unaffected by GM bankruptcy http://autonews.gasgoo.com/auto-news/1010717/Shanghai-GM-unaffected-by- GM-ba nkruptcy.html Shanghai, June 2 (Gasgoo.com) Shanghai GM, General Motors Corp's Chinese JV with SAIC Motor Corp, has reiterated in a statement obtained today by Gasgoo that "the court supervised reinvent ... Continue reading
Little Tikes Cozy Coupe Being Inducted Into Cleveland's Crawford Auto-Aviation Museum
Jun 2, 2009
Cleveland's Crawford Auto-Aviation Museum celebrates the 30th anniversary of the Cozy Coupe HUDSON, Ohio, June 2 -- In the Northeastern Ohio town of Hudson, a Little Tikes(R) Cozy Coupe(R) is manufactured every minute of every day, 50 weeks a year. In 2008, Cozy Coupe(R) outsold every other car in America, topping the ... Continue reading
GM Europe and Adam Opel GmbH Statement Confirming First 300 million German Government Loan Draw
Jun 2, 2009
RUSSELSHEIM - June 2, 2009: Adam Opel GmbH confirmed today that it has received the first draw in the amount of â¬300 million from the â¬1.5 billion bridge financing agreement with the German government. This responsiveness of the German government ensures that its operations maintain adequate liquidity as a mo ... Continue reading
"Hot Import Nights" Returns to Pennsylvania with a New Outdoor Show
Jun 2, 2009
ORANGE, Calif.--Digital Age Motorsports, LLC (DAMS) presents HOT IMPORT NIGHTS 2009 Tour (HIN). For the 7th stop on its 2009 tour, Hot Import Nights heads to Scranton, PA on June 6th, 2009 with its dynamic outdoor car and live-entertainment show. Hot Import Nights shows feature the adrenaline rush of professional drift ... Continue reading
QNX and Pandora Team Up to Bring Internet Radio to the Car
Jun 2, 2009
OTTAWA, June 2 -- QNX Software Systems, the global leader in operating systems and middleware for the automotive market, today announced support for Pandora Internet radio. Pandora becomes the newest company to contribute to the fast-growing QNX CAR program, which provides automakers and automotive tier one suppliers w ... Continue reading
Ford Statement on General Motors' Bankruptcy
Jun 1, 2009
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
Jun 1, 2009
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
Jun 1, 2009
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
General Motors' Board of Directors Statement
Jun 1, 2009
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
GMAC Financial Services Statement on General Motors Chapter 11 Filing
Jun 1, 2009
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
Chrysler Gets Court Approval to Sell Assets to Fiat
Jun 1, 2009
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
President Obama to Hold Media Briefing Prior to General Motors' BK Press Conference
May 31, 2009
WASHINGTON - May 31, 2009: According to a White House media advisory, President Obama will begin his remarks at approximately 11:55 a.m. EDT. General Motors Corp. President and CEO, Fritz Henderson, will host a press conference, beginning immediately following President Obama's media briefing. ... Continue reading
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