42 Articles
Tools Down: IKEA not building cars, Leko a car-sharing service in France

Last week, rumors regarding an upcoming eco-friendly small car from IKEA hit the internet in full force. Sounds pretty crazy, no? As it turns out, the truth is much less interesting than we had hoped. It seems the viral ad campaign that we saw last week for the IKEA Leko is announcing nothing more than a new car-sharing service in France that's set for a proper introduction on Tuesday. A similar program

Canada follows suit, rejects GM and Chrysler restructuring plans

Not surprisingly, officials from the Canadian and Ontario governments have followed the U.S. government's lead by officially rejecting the restructuring plans of General Motors and Chrysler. The Canadian officials said the automakers' current plans do not go far enough and will not be certified as they are. In fact, they're basically copying and pasting the new deal for automakers anno

Wagoner retirement package worth $20.2 million

Now that Rick Wagoner is out of a job, he's eligible to start receiving retirement benefits from his former employer of 32 years. Though having received over $63 million in salary since becoming a General Motors executive in 1992, Wagoner is eligible for a "Salaried Retirement Plan" and "Executive Retirment Plan" that are together valued at $20.2 million.

CARB will regulate tire pressure starting in July 2010

Last week, the California Air Resources Board - fresh from not banning black cars - adopted a regulation to force the 40,000 businesses in "California's automotive maintenance industry to check the tire pressure of every vehicle they service." This means that, starting in July of 2010, when you bring your car in for service in California, the shop will have to make sure that your tires filled to the manufactur

Details on Government's Warranty Commitment Program

One of the issues that is central to the survival of General Motors and Chrysler is how comfortable people are buying their vehicles while they attempt to restructure. The media paints a pretty bleak picture of these two automakers, so some buyers may avoid General Motors and Chrysler vehicles altogether because they fear that the companies won't be around to honor their warrantees. Part of the President's John Neff

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