Posts Tagged ‘staple lines’
Chrysler is again relying on employee pricing to move metal from its dealer lots, but this time the promotion comes with a catch. You have to be a returning lessee, Chrysler supplier or associate, or be in the military to take part in the offer. Chrysler employees will also receive one additional di......
McLaren loses another one to NASCAR
Tuesday, September 16th, 2008
Looks like Jean Girard Juan-Pablo Montoya won't be the only F1 veteran to jump ship from McLaren to NASCAR as Steve Hallam has announced his plans to make the same move. (Come on, you don't know who Steve Hallam is? Okay, we'll tell you.) Hallam is one of the most respected race engineers in Formula......
Crude oil plummets to below $100/barrel
Tuesday, September 16th, 2008
The price of crude oil dropped below $100-a-barrel yesterday (its lowest level since February) as the slowing economy -- bringing with it a reduced demand for oil -- raised concerns. Interestingly enough, the drop in crude didn't affect the price of gasoline as it rose 16 cents per gallon due to ref......
Chrysler vehicles 29% less broke than before
Tuesday, September 9th, 2008
Automakers want top-notch quality in their vehicles because a good reputation for quality sell more cars. The pleasant side effect of high quality is spending less to repair your own vehicles. Millions of dollars can be saved per one percentage point improvement in warranty costs. Cerberus was quick......
Ralph Nader opposes $50 billion loan from feds
Monday, September 8th, 2008
The Detroit 3 are pushing hard for $50 billion in low interest loans to keep factories running, build new ones and create alternative powertrains. Presidential candidate Barak Obama has already endorsed $50 billion in loans and Republican nominee John McCain has signed on for $25 billion in loans al......
Ferrari confirms Kimi and Felipe for 2009
Monday, September 1st, 2008
The closer we get to the end of this season and to the start of the next, the clearer the picture will become as to which drivers will be where for the 2009 FIA Formula One World Championship. While his team was undergoing testing alongside its competitors at the Monza track in Italy, Ferrari presid......
Ford CEO Alan Mulally to keynote CES
Friday, August 29th, 2008
Looks like the biggest gadget convention on Earth is becoming the place for big automotive announcements. You'll remember that two years ago at the Consumer Electronics Show, Ford and Microsoft announced their partnership on Ford's SYNC system, and last January General Motor's CEO Rick Wagoner chose......
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......
F1 musical chairs depends on where Alonso sits
Tuesday, August 26th, 2008
Every year towards the end of the season, the world of Formula One racing plays a big game of musical chairs as drivers' contracts come up for renewal and seats open up. Sometimes drivers end up in the same chair they were in before, but this season we've got reason to believe there'll be a big swi......
Indy to go turbo by 2011
Monday, August 25th, 2008
Officials have confirmed that the newly reunified IndyCar series is contemplating a move to turbocharged engines by 2011. The move could entice more automakers – aside from Honda, which is the only engine manufacturer currently participating in the series – to join on as well. In a meeting held......