A new study by AutoTrader.com indicates buyers are less interested in new designs than automakers may think. In an online survey of car shoppers, 57 percent said they do not feel it's important to have the latest redesign, while 79 percent said they would rather take advantage of a good deal on a current model rather than delay their purchase to wait for the newest iteration. We feel inclined to point out that the results may be skewed toward the inclinations of bargain shoppers, as the survey p
Details about the deal announced this morning between the Chrysler Group and United Auto Workers union have surfaced, and it's apparent that the smaller, less financially stable automaker has given away the least compared to similar deals already struck with the UAW by cross-town rivals General Motors and Ford.
Contract negotiations between General Motors and the United Auto Workers have led to a tentative agreement on a new labor deal, pending ratification by membership.
The Mercedes-Benz Baltimore vehicle process center has secured a five-year contract to inspect, process, and repair pre-delivery BMW and Mini vehicles arriving in the United States. It's a deal that makes economic sense for both companies, say that automakers. BMW models currently arrive in Charleston, South Carolina, and are shipped to nearby Spartanburg (home of BMWs assembly plant) for inspection and pre-delivery work. That plant is "no longer appropriate" once the X3 starts production next y
2010 Saab 9-5 - Click above for high-res image gallery
While it is quite sad to see electric scooter maker Vectrix balancing on the brink of bankruptcy, it should also be remembered that there's a silver lining to every cloud. In this case, quite a bit of silver. When the East coast company started to run into trouble late last year it had been in the midst of creating an extensive dealer network and had delivered bikes to stores all across the country. Many of those machines are still hanging around today, taking up space and waiting for customers
The sale of Chrysler's assets to Fiat have been delayed by Supreme Court Justice Ruth Bader Ginsburg after three Indiana state pension funds lost their case in New York and filed papers with the highest court the land. Early reports indicate that this is only a temporary stay, with Ginsburg saying the sale is "stayed pending further order." Chrysler's lawyers have said the stay could cause the deal with Fiat to go under.
The April 30th deadline to reorganize looms larger by the second, and Chrysler is scrambling to make deals that could theoretically help it stave off a bankruptcy filing next week. For that to happen. Chrysler needs to get concessions from labor unions and lenders that make the financial situation palatable enough for Fiat to step in and make the automaker "financially viable" in the eyes of the President's auto industry task force. To that end, it appears that the contentious situation north of
It's a sad state of affairs when the pure talent of a racing driver isn't enough to advance his career. In the case of Sebastien Bourdais, the top teams on the F1 grid have apparently been blind to his domination in Champ Cars, as our favorite Frenchman (okay, second favorite, after Talladega Nights arch-villain Jean Girard) looks like he's headed for his fourth consecutive title in the open-wheel series.