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News By Topic: Automobile Manufacturers

Chrysler Acquisition Complete, Now Privately Owned

Chrysler Acquisition Complete, Now Privately Owned

AUBURN HILLS - August 3, 2007: Chrysler officially made the break with former German partner Daimler on Friday, to become the first major, privately owned North American automobile manufacturer in more than 50 years. Under the $7.4 billion deal, initially announced May 14, 2007, private equity firm Cerberus Capital Man ... Continue reading

July Brings Historic Consumer Confidence in International Vehicles

July Brings Historic Consumer Confidence in International Vehicles

Washington DC August 2, 2007; The AIADA newsletter reported thaty in July, international automakers won control of the U.S. market, with sales rising above 50% for the first time ever. "The consumer is the most critical component of the product strategy," said AIADA president Cody Lusk. "Plain and simple: international ... Continue reading

BorgWarner All-Wheel Drive System to Debut in All-New 2008 Cadillac CTS

BorgWarner All-Wheel Drive System to Debut in All-New 2008 Cadillac CTS

AUBURN HILLS, Mich., Aug. 3 -- The all-new 2008 Cadillac CTS will offer BorgWarner's all-wheel drive (AWD) technology as optional equipment for the first time, beginning later this summer. The new InterActive Torque Management Transfer Case (ITM(R) tc) system uses sophisticated controls and algorithms to augment vehicl ... Continue reading

Ford Sky-high Over New 2008 Taurus - VIDEO ENHANCED

Ford Sky-high Over New 2008 Taurus - VIDEO ENHANCED

DEARBORN, July 31, 2007 - Ford is taking to the skies this month helping busy summer air travelers pass the time on their flights with entertaining content on seat-back tray tables. Beginning in July and running through September, tray tables on domestic airlines will feature exclusive content, including an interactive ... Continue reading

Two Millionth Ford Fiesta/Fusion Rolls Off Ford Plant Line in Cologne-Niehl

Two Millionth Ford Fiesta/Fusion Rolls Off Ford Plant Line in Cologne-Niehl

COLOGNE, August 2, 2007 - Another production milestone has been achieved today at the Ford plant in Cologne-Niehl when the two millionth vehicle in the Ford Fiesta/Fusion series rolled off the line. The two millionth vehicle was a Colorado Red Ford Fiesta ST, intended for a customer in Great Britain. Around 74 per cent ... Continue reading

Chrysler Financial Begins Operations as a Stand-alone Company

Chrysler Financial Begins Operations as a Stand-alone Company

FARMINGTON HILLS, Mich., Aug. 3 -- The New Chrysler Financial, created as a result of the transfer of assets from DaimlerChrysler AG to an affiliate of Cerberus Capital Management, L.P., begins operations today as a stand-alone company supporting the sales operations and dealer network of "The New Chrysler," Chrysler L ... Continue reading

Cerberus Statement Regarding Chrysler Transaction Closing

Cerberus Statement Regarding Chrysler Transaction Closing

NEW YORK, Aug. 3 -- Cerberus Capital Management, L.P. today issued the following statements with regard to the closing of the Chrysler transaction: Steve Feinberg, CEO of Cerberus Capital Management, L.P., said, "I would like to thank Chrysler employees for their continued commitment to Chrysler's turnaround. We look f ... Continue reading

AIADA Lists Top Ten Most Fuel Efficient Rides, New and Used

AIADA Lists Top Ten Most Fuel Efficient Rides, New and Used

AIADA Affinity Partner NADAguides.com recently conducted an analysis of vehicles on its website to determine which yielded the highest fuel efficiency of all new and used cars listed. Results of the fuel efficiency analysis show Toyota and Honda vehicles listed on NADAguides.com are at the top in fuel efficiency in bot ... Continue reading

2007 Kia Sorento EX 4x4 Review

2007 Kia Sorento EX 4x4 Review

DRIVING DOWN THE ROAD WITH CAREY RUSS 2007 Kia Sorento EX 4x4 You know how there are restaurants and vacation spots that are remarkably good and great values but for whatever reasons are also almost completely unknown? In an automotive vein, Kia is like that. Case in point, the Kia Sorento. In a class dominated by a fe ... Continue reading

IIHS: Bumpers On Luxury Cars Get More than $10,000 Damage in Minor Bumps - See Crash Video

IIHS: Bumpers On Luxury Cars Get More than $10,000 Damage in Minor Bumps - See Crash Video

Bumpers on luxury cars aren't luxurious: worst is Infiniti G35; 4 of 11 cars sustain more than $10,000 damage in 4 minor bumps ARLINGTON, VA — Bumpers, even those on expensive cars, don't resist damage in low-speed impacts. The Infiniti G35, the worst performer, sustained almost $14,000 damage in a series of 4 tes ... Continue reading

Nissan Concept Car to Showcase Anti Drunk-Driving Technology

Nissan Concept Car to Showcase Anti Drunk-Driving Technology

TOKYO, Aug. 3 -- Nissan Motor Co., Ltd. has revealed a new concept car featuring multiple preventative features designed to reduce drunk-driving. The various technologies are designed to detect the driver's state of sobriety and to activate a range of preventive measures including immobilization of the vehicle. Alcohol ... Continue reading

Searches for Fuel-Efficient Vehicles on Cars.Com Slow as Gas Prices Lower

Searches for Fuel-Efficient Vehicles on Cars.Com Slow as Gas Prices Lower

Interest in Crossover SUVs Picks Up CHICAGO, Aug. 3 -- As gas prices begin to fall, so does consumer interest in fuel-efficient vehicles, according the latest Cars.com Consumer Search Index. Cars.com is reporting a decline in searches for hybrids and other fuel-efficient cars, all of which saw dramatic increases over t ... Continue reading

Audi Gains Momentum

Audi Gains Momentum

Germany's No. 3 luxury carmaker, after BMW and Mercedes, is on a tear, with new luxury models and older models that retain their cachet. Audi's sporty new models are rapidly narrowing the profit gap with BMWs and Benzes, according to results released by the company on July 3. According to BusinessWeek, Audi is on a tea ... Continue reading

Chrysler-Dodge Cava-Van Production Wins Chinese Government Approval

Chrysler-Dodge Cava-Van Production Wins Chinese Government Approval

SHANGHAI - August 3, 2007: Chrysler-Dodge has obtained production license from National Development and Reform Commission (NDRC) to produce a new car model called Cara-Van, according to a NDRC announcement yesterday. "If everything goes smoothly, Chrysler-Dodge cars made in China will be launched in the last quarter of ... Continue reading

Toyota Announces Record First Quarter Operating Results

Toyota Announces Record First Quarter Operating Results

August 3, 2007 - Tokyo - TOYOTA MOTOR CORPORATION (TMC) today announced operating results for the first quarter ended June 30, 2007. On a consolidated basis, net revenues for the first quarter totaled 6.52 trillion yen, an increase of 15.7 percent compared to the same period last fiscal year. Operating income increased ... Continue reading

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