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REPORT: Saab dealers 'running out of cars'
With new vehicle production at a trickle, and its dealer network slashed by a third, retailers of the Saab brand are finding inventory shrinking to drought levels. Some of the remaining dealers may even run out of new vehicles before replacements arrive. Point the blame towards the pending sale of Saab to Koenigsegg Automotive AB, and the fact that an all-new Saab 9-5 model is still sitting on the horizon. With the transaction still not complete, financial limitations have kept new vehicle production low. In addition, the Swedish ... Read more →
REPORT: BAIC/Koenigsegg may produce Saab 9-5 in China Michael Harley
Beijing Automotive Industry Holding Co. (BAIC), announced as a minority partner in Koenigsegg's deal to purchase Saab from General Motors two months ago, plans to produce the Saab 9-5 on Chinese ...
Buick planning to carefully control supplies of LaCrosse and other models Sam Abuelsamid
Now that the new General Motors has been born out of the ashes of what's now Motors Liquidation Corp., management wants to avoid some of its past mistakes. One of those was letting inventory get ...
REPORT: Toyota "war room" keeps tabs on possible supplier interruptions, stockpiled parts Michael Harley
Fearing that a couple dozen of its U.S. suppliers could shut down production, Toyota has established a "war room" to monitor suppliers and has begun to warehouse assembly components. While the move ...
Chrysler bringing back Sales Bank... or not Michael Harley
Chrysler's "sales bank," the loathed program in which the automaker continues to manufacture and stock cars regardless of demand, is supposedly back through the end of the year. Chrysler LLC ...
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BREAKING: Toyota to recall 3.8M vehicles to reshape and replace pedals
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Breaking news:
- BREAKING: Toyota to recall 3.8M vehicles to reshape and replace pedals BREAKING: Koenigsegg backs out of Saab purchase, brand future up in the air First official shots of new BMW 5 Series leaked online BREAKING: Schumacher likely to return to F1 racing with Mercedes BREAKING: Buick confirms 2011 Regal 2.0T to come with manual transmission. Wait... wha?
J.D. Power lowers U.S. sales forecast... again 1 year ago on Autoblog
J.D. Power and Associates have lowered their U.S. sales light-vehicle forecast for 2008 to just 14.2 million units. This is the third time the global information services company have updated their numbers. In March, they announced that sales would not hit their initial 15.7 million estimate, ...
Ford ramps up F-150 production ahead of 2009 model changeover 1 year ago on Autoblog
If you ever wanted to put an Ford F-150 in your driveway, this summer may be the best time to make your move. As the new 2009 F-150 nears production, Ford is increasing its plant's output of the 2008 F-150 to ensure enough supply remains during July and August when plant production will be ...
Dealers sell out Mitsubishi Lancer GTS 2 years ago on Autoblog
If a company is going to have a problem, this is the kind of problem it wants to have -- even though it's still... a problem. Mitsubishi expected the mid-level Lancer ES to account for the bulk of Stateside sales. Buyers, though, are all about the $18,115 Lancer GTS, making them 60% of sales. The ...
Chrysler calling 2006 models "used" to unload them 2 years ago on Autoblog
var digg_url = 'http://digg.com/business_finance/Chrysler_calling_2006_models_used_to_unload_them'; When even deep discounts aren't getting the job done, sometimes you've got to bend the rules. Normally, a Chrysler dealer must use a car as a loaner for three months before designating it a used ...
Would you like fries with that? Toyota discovers how Americans buy trucks 2 years ago on Autoblog
Toyota's learning that in the case of the Tundra, American buyers won't just pick from the selection of trucks the dealer has left. It's a role reversal for the automaker used to people accepting whatever Camry they can get. Former VP of Marketing Jim Farley said Tundra buyers "have a ...
Chrysler offering millions to dealers and consumers to move 2006 inventory 2 years ago on Autoblog
In this day and age it's a sin to still have 2006 models sitting on your dealer lot. Unfortunately for dealers under The Chrysler Group umbrella, their lots are teaming with '06 metal. The Detroit News quotes analyst John Casesa of Casesa Shapiro LLC as saying, "To have a third of your inventory in ...
Dealer cash flowing from DCX 2 years ago on Autoblog
Up from the prior offer of $400 in dealer cash to reduce its massive inventory of 2006 models, beginning today DCX is now offering its 3,400 US dealers cash incentives of $2500 to $7000 on every 2006 model sold. These numbers really give dealers an incentive to take the remaining 2006 ...
Chrysler offers incentives to dealers 3 years ago on Autoblog
Struggling Chrysler Corp. is pulling out all of the stops to reduce its massively overbuilt inventory of vehicles. Lease incentives, 0% financing, begging and pleading, whatever it takes. Consumers have typically been the targeted recipients of these incentives, until now. In a webcast to its ...
Porsche CEO opens up a can over "stupid incentive war" 3 years ago on Autoblog
Porsche CEO Peter Schwarzenbauer is about to open up his special brand of wup ass over the heavy incentive spending of the Big 2 and the Chrysler Group. He says the U.S. auto industry is "trapped in a death spiral" because of its dependence on incentives, and blames large automakers like General ...
Chrysler turns to 0% financing as Employee Pricing ends 3 years ago on Autoblog
Chrysler summer-long Employee Pricing incentive ends today and is being replaced by a good old fashion Zero Percent Financing deal. The new deal applies to all 2006 models, which means Chrysler is eager to reduce the inventory of its dealers to make room for a flood of new products it plans on ...
Chrysler will offer 30-day money-back guarantee 3 years ago on Autoblog
The Detroit News is reporting that in addition to offering employee pricing as a purchasing incentive this summer, Chrysler will also throw in a 30-day money-back guarantee. While purchasers would have to pay a penalty and mileage fee if a vehicle were returned, the offer is a gesture that shows a ...
Can General Motors sustain momentum towards profitability? 3 years ago on Autoblog
Earlier this week we posted about how General Motors' reported first quarter $323 million loss became a $445 million profit. And this is not by some accounting fluke: analysis of the automaker's finances shows the profit stemmed from its cost-management strategies and higher revenue from sales such ...
Autoblog Podcast #154: Gobbling up the News
Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.
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