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The Latest News And Reviews
Throughout The Car Industry



Categories: Car News

Hennessy Venom GT To Appear at SEMA

On: Thu, Oct 28, 2010 at 9:39AM | By: Chris Weiss


Hennessy Venom GT To Appear at SEMA test 1-1

The SEMA show, which begins next week in Las Vegas, has a reputation for showcasing some of the most outlandish tunes and mods in the world. So it's fitting that the Venom GT, a supercar from tuning firm Hennessey, will appear at the show. The Venom GT may not look that strange when compared to the other cars of the show, but underneath, it's one of the wildest auto creations of modern times: a 1,200-horsepower engine tucked behind the seats of a Lotus Exige two-seater. The car bows at 11:15 a.m. on November 2.


Honda, Toyota, and Ford Lead Consumer Report Reliability Survey

On: Wed, Oct 27, 2010 at 4:37PM | By: Sherry Christiansen


Honda, Toyota, and Ford Lead Consumer Report Reliability Survey test 1-1

A recent annual survey compiled by Consumer Report magazine reveals that Toyota Motor Corp. and Honda Motor Co. are both at the top of the list for the most reliable vehicles of 2011, with Ford Motor Company at the top of the domestic automakers list and General Motors moving up in the ranks.

Many Chrysler vehicles (as well as European brands) have models that scored below average in reliability tests, according to the magazine.

83% of Chevy models were scored average or better in the reliability category according to the magazine.  That is a 50% better score for Chevrolet than last year’s results.


Nissan Begins Production On The Leaf

On: Wed, Oct 27, 2010 at 1:36PM | By: Chris Weiss


Nissan Begins Production On The Leaf  test 1-1

The Nissan Leaf EV has been one of the biggest ongoing auto stories of the past year as Nissan prepares to bring it to market. One of the final chapters of the story is now underway as production on Nissan's first electric vehicle has officially begun in Japan.

The Leaf is being built at Nissan's Oppama plant, which also builds the Cube and Juke models. The Leaf will be shipping to the U.S. market within about a month or so and arrivals are expected sometime in December. European deliveries will commence early next year.

Nissan President and CEO Carlos Ghosn said of the occassion: “This is a significant milestone, not only for Nissan and the Renault-Nissan Alliance, but also for the entire automotive industry. Consumers are clear. They want sustainable and affordable mobility...and the Alliance is leading the way with cars that deliver exactly that, with the reliability, excitement and performance that consumers demand. The high-quality, innovative Nissan LEAF will radically transform what consumers expect from automobile manufacturers worldwide.”


Ford To Post Highest Profit Since Its Inception For Third Quarter 2010

On: Wed, Oct 27, 2010 at 1:29PM | By: Sherry Christiansen


Ford To Post Highest Profit Since Its Inception For Third Quarter 2010 test 1-1

Ford Motor Company is hoping to post its biggest profit in history when numbers come in for the 3rd quarter. Ford’s CEO Alan Mulally’s lineup overhaul will reveal a huge boost in sales after the launch of many new redesigned Ford cars and trucks.

Financial analysts that were interviewed by Bloomberg News predict that Ford may post $1.37 billion in net income for the 3rd quarter, up from $997 million. This years’ third quarter profits will be a new record setter, beating Ford's all-time high of $1.13 billion in sales that was reported back in 1997. According to Automotive News.com;”estimates for adjusted quarterly profit have risen to 38 cents a share, the average of 12 analysts, from about 34 cents a month ago.”

Ford captured the market for 15.1% light vehicle sales compared to only 13% 2 years ago and according to Autodata Corp., buyers pay more for Ford vehicles since Ford launched the new line-up of vehicles such as the Fiesta subcompact, and high tech features like the Ford Sync and voice activated stereo controls.


 

Toyota Dealers Dig Deep to Sway New Customers

On: Wed, Oct 27, 2010 at 1:20PM | By: Sherry Christiansen


Toyota Dealers Dig Deep to Sway New Customers  test 1-1

Although Toyota sales have been affected by recent safety issues and recalls of Toyota vehicles, the Japanese automaker has managed to hold on to a high percentage of its brand loyal customers.  In fact, in recent months, Toyota’s sales records have returned to pre-recall levels.  

But in order for Toyota to promote sales recovery, the company has had to offer much higher incentives and promotions than ever before, causing to dealers to accept lower gross profits. Toyota’s sticker prices on new 2011 models are the lowest of all “mainstream brands,” according to Truecar.com.

Of course some discounts are covered by factory incentives, even so, dealers have had to give up more on bottom line prices.  "We're seeing it; the pressure is definitely on the bottom line, the gross line," said Jack Wilson, president of Toyota of Vallejo, north of San Francisco. "I see no reason other than we're still recovering from the recall situation. It's a factor, and we can't sit and not talk about it."


Federal Report Reveals Dealer Terminations Unjustified

On: Tue, Oct 26, 2010 at 2:29PM | By: Sherry Christiansen


 Federal Report Reveals Dealer Terminations Unjustified test 1-1

The chairman of the National Automobile Dealers Association (NADA) announced that the method of terminating dealerships that was handled by Chrysler, General Motors, and the Obama administration were “unjustified.”  The findings were the result of an audit report compiled by federal regulators.  


Honda Recalls the Odyssey

On: Tue, Oct 26, 2010 at 1:53PM | By: Sherry Christiansen


Honda Recalls the Odyssey test 1-1

Similar to Toyota Motor Company’s recent recall, Honda recalled 528,000 vehicles for problems with the brake-seal that could potentially lead to brake fluid leaks. Honda reports that there is a risk of failure of master brake cylinder seals that could cause brake fluid leaks.  The problem occurs in vehicles in the U.S., most of them are the Honda Odyssey.


Large Trucks Must Reduce Emissions by 2018

On: Tue, Oct 26, 2010 at 1:27PM | By: Sherry Christiansen


Large Trucks Must Reduce Emissions by 2018 test 1-1

The first ever fuel efficiency and emissions standards have been announced today by the Obama administration governing big tractor trailers and commercial trucks.

The joint Transportation Department and the Environmental Protection Agency (EPA) initiative will encompass a wide range of vehicles such as; fleet vans and long haul trucks.  The bill governing the new emissions restrictions is projected to reduce green-house emissions by 250 million tons and 500 million barrels of oil in the first 5 years after the program is initiated.


GM Dealer Cuts Should Be Suspended by Obama

On: Tue, Oct 26, 2010 at 1:10PM | By: Sherry Christiansen


GM Dealer Cuts Should Be Suspended by Obama test 1-1

Rep. Steven LaTourette, congressman has suggested that the Obama administration suspend the 500 GM dealerships scheduled to be terminated October 31st, while waiting for a federal investigation of dealer cuts to be completed.


Porsche Planning New Model Between 911 and 918 Spyder?

On: Tue, Oct 26, 2010 at 1:09PM | By: Chris Weiss


Porsche Planning New Model Between 911 and 918 Spyder? test 1-1

Porsche is in the process of trying to boost yearly sales to nearly double the level of last year. With such an ambitious goal, it's clear that they're going to need some fresh blood--there's only some many different types of 911s that the market is willing to take. According to a new rumor out of Europe, one car Porsche is considering is a high-end coupe that would slot between the 911 line and the upcoming 918 Spyder Hybrid.


Investigation of Possible Illegal Activity in Dealer Terminations

On: Tue, Oct 26, 2010 at 12:44PM | By: Sherry Christiansen


Investigation of Possible Illegal Activity in Dealer Terminations  test 1-1

The federal inspectors who criticized the Obama administration, General Motors, and Chrysler for their handling of about 2,300 U.S. dealership terminations have opened a follow-up investigation of possibly illegal activity in the effort.