Posts Tagged ‘car destruction’
"There are 20 million people in Moscow," my driver carefully enunciates in broken English, "and there are 50 million cars." Both figures are highly exaggerated, but considering the trek from the airport to the hotel should take around 45 minutes, and we're deep into our second hour of gridlock, his ......
Audi bucks trend, beefs up ad budget
Thursday, August 28th, 2008
Automakers have been fleeing main-stream media faster than most new reality shows get pulled from prime-time programming. There are many reasons for the move away from big dollar media, including decreased TV viewers and online ads soaking up some of the budget, but perhaps the biggest reason is tha......
Ford to meet with dealers about future products, try to close stores
Wednesday, August 27th, 2008
2008 has been a historically woeful year for the auto market, but Ford dealers have been in the crosshairs of a sales decline for over a decade. That brutal reality, along with financial incentives of up to $700,000 or more from the Blue Oval, has lead to the closure of over 500 dealers since mid-20......
VIDEO: Lamborghini gets a bath courtesy of city fountain
Thursday, August 14th, 2008
Click above to view video after the jumpWe received over a dozen tips about a hot video including a Lamborghini Gallardo (good start) and some aqueous material of the municipal kind, so we had to see the motion pictures for ourselves. We pictured a hot yellow Lambo crashing into a huge fountain, or......
Auto industry advertising slump hurting old media
Tuesday, August 12th, 2008
Mainstream media has been quick to pile on Detroit automakers, which, along with some questionable Motown metal, has helped drive nationwide perception of the Big Three into the ground. Now that times are tough at traditional media outlets, well, that's Detroit's fault, too. Back in 2004, about $24 ......
Toyota’s Q1 profit drops 39%
Thursday, August 7th, 2008
Toyota is not used to seeing its profit margins drop, as the Japanese auto giant has enjoyed increased profit for nine straight years. Expect that run to end this year, though, as Toyota is discovering that it is not immune to the downturn of the American auto market. For the year, Toyota has revise......
Tech avalanche: Microsoft goes big for automotive
Tuesday, July 29th, 2008
The rapidly shrinking US auto market has left automakers scrambling for any way to differentiate their products from the competition, and the fastest way to get the job done is with technology. Microsoft is all too aware of this, and the tech giant is betting big on automotive to give itself a large......
Obama calls GM a “sobering reminder” of U.S. economy woes
Tuesday, July 15th, 2008
A quick glance at today's announcements from America's largest automaker is an easy indicator that the U.S. auto market, at the very least, is under as strong as recession as could be imagined. According to Presidential hopeful Barack Obama, the entire industry as a whole is facing a "perfect storm"......
GM, Ford doing well in China, despite slow sales at home
Tuesday, July 8th, 2008
While domestic sales continue to slide, the auto market in China is thriving. Both General Motors and Ford have reported double-digit sales growth for the first-half of 2008 in the world's most populace country, with GM moving 590,126 Buick, Chevrolet, and Cadillac vehicles for a total sales increas......
Hyundai plans to make hybrids in India
Monday, June 30th, 2008
Hyundai which is already making a statement across the world with the indian made hatchbacks like santro,Getz and i10 plans to make hybrids in India. Hyundai entered the environmentally-friendly auto market in October 2004, when it supplied the korean government with 50 Getz hybrid cars.This number ......