Billed as the best warranty of any full-lined automaker (sorry Hyundai/Kia), the new coverage for all General Motors vehicles is now a fully transferable five-year, 100,000 mile powertrain warranty with no deductible. The new warranty will cover all 2007 model and beyond cars and light-duty trucks sold in the U.S. and Canada, and any 2007 model already sold will receive the new warranty retroactively. In addition, GM has expanded its roadside assistance and courtesy transportation programs to fi
Latest rumor in the FoMoCo/Aston Martin fire sale has Aston chief executive, Ulrich Bez considering making an offer for the firm. Bez said he plans on making the sale complete "as rapidly as possible," and that he plans on staying with the company in his present capacity. With a return to profit and the promise of the new "DB9 Vanquish" latest James Bond whip DBS being shown at Detroit in January, Aston could fetch Ford a pretty penny from its own CEO.
As if Ford didn't have enough problems, analysts are now saying it may be too little, too late for the Blue Oval. All of the company's current options, such as selling off Land Rover, Aston, Volvo and Jag; teaming up with foreign automakers; and buying back its shares to go private, wouldn't address the core problem with the company, according to analysts.
The investment group at which Jacques Nasser is senior partner for mergers and acquisitions is in talks with the former Ford CEO's ex-employer to purchase Jaguar and Land Rover, according to four people said to be familiar with the situation by Bloomberg. The sources go on to say that the talks are very cordial thanks to the fact that Nasser has been on good terms with Bill Ford, Ford's current CEO and Nasser's successor, ever since he was relieved of his duties at the company's helm in October