Best Time to Buy a New Car
Despite Chrysler LLC's efforts to forestall the closure of over 25 percent of its dealerships by appealing to bankruptcy court judges, chances are that 789 targeted dealerships will cease operating by June 9.
GM Cutting 1,100 Dealers by October 2010
As part of its effort to survive and achieve sustainability, GM announced that it would not renew contracts with 1,100 of its U.S. dealerships after October 2010.
Ford Focus EV Debut in 2011 with Higher Sticker Price
While the Ford Focus EV was intended to be sold at a lower price than some of the ultra-slick electric vehicles soon to appear on showroom floors, such as the Chevy Volt at $40,000 and the Tesla Roadster at $109,000, it may have a higher base price than originally planned.
Chevrolet Volt on Track for Dealers by Late 2010
As part of GM's mission to keep the roads "full of great cars and trucks," Tom Stephens, GM vice chairman, plans to keep the Chevrolet Volt on its original schedule of rolling into showrooms by late 2010.
GM to Deny Plug-in Hybrid to Saturn Vue, as Carmaker Restructures
As a result of its plan to phase out Saturn from its stable of brands, GM will not move forward on creating a plug-in Saturn Vue Hybrid. GM's new chairman of global product development, Tom Stephens reported to the Free Press that he was going to "put it on one of our other brands." Promised for the 2011 model year Saturn Vue, the new plug-in technology could be implemented in vehicles which share the Saturn Vue's platform, including the Chevrolet Equinox or the GMC Terrain.
Chrysler Dealerships on Verge of Collapse
On Monday, May 4 a U.S. bankruptcy court heard testimony that Chrysler LLC's dealership network is on the brink of collapse as hundreds of dealers close their doors and wary consumers shy away from the troubled automaker's showrooms.
2009 Volkswagen Routan Poor Sales Spur Zero Percent APR
The 2009 Volkswagen Routan, a minivan introduced last September, is not setting sales records, except maybe on the wrong end of the chart. Built on the platform introduced by the Chrysler Town and Country , the Routan was "launched at the worst moment," according to Stefan Jacoby, CEO of Volkswagen Group of America, noting that at the time auto sales were plummeting.