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The Latest News And Reviews
Throughout The Car Industry

Categories: Miscellaneous

Dealer Cash Propels End of Year Luxury Sales

On: Thu, Dec 30, 2010 at 4:39PM | By: Sherry Christiansen

Dealer Cash Propels End of Year Luxury Sales test 1-1

As 2010 comes to an end, luxury automakers such as Lexus, Mercedez-Benz, and BMW are involved in an unofficial race to sell the most vehicles. Automakers are providing large incentives to move as many vehicles as possible in the last days of the year. Although Lexus has been on top for the past decade, this month is different. BMW and Mercedes are running neck and neck for first place.

This month all three major luxury automakers are offering dealer cash and low interest financing, in addition to some great leasing options.

Chrysler Financials Seeks New Partnerships

On: Thu, Dec 30, 2010 at 4:36PM | By: Sherry Christiansen

Chrysler Financials Seeks New Partnerships test 1-1

Before any car owners can drive off the lot with their brand new model they will have to contend with three separate entities who want nothing more than to see that car sold. Those entities are the automaker, the automobile dealership, and the auto loan financial company. None of those three auto businesses could exist without the other. And when one link in that chain breaks down, everyone takes the hit. This is what happened when the Chrysler Group filed for Chapter 11 bankruptcy protection last year.

Consumer Confidence Falls In December

On: Thu, Dec 30, 2010 at 11:19AM | By: Sherry Christiansen

Consumer Confidence Falls In December  test 1-1

On any given day, somewhere in America, there are a bunch of bean counters in a cubicle pouring over data from all different sources. When they hit enter on their Excel spreadsheets, they come up with a whole new batch of numbers which they can’t wait to share with everyone else.

Their proclamations about things, such as consumer confidence, retail sales, and home values, have a ripple effect through our economy. A bad report from this bunch could send stock prices tumbling. When that happens, investors tighten their belts and spend less. Spending less means less demand for products which means less need for making stuff. With no stuff to make, folks lose their jobs. All of that from a couple of number forecasts. Of course, it works the other way as well. A fact US automakers are all too aware of.

UAW Plans To Ramp Up Transplant Membership Drive

On: Wed, Dec 29, 2010 at 12:27PM | By: Sherry Christiansen

UAW Plans To Ramp Up Transplant Membership Drive test 1-1

In the world of auto manufacturing there are two types of people: pro-union or non-union. There are pluses and minuses on both sides of the union issue, but the fact remains that the United Auto Workers union is a dominant force in the car industry.

The survival of any union depends on a robust membership. Right now, the UAW rosters stand at around 400,000 active members and nearly 900,000 retired members. Most of these folks are based in the Midwest around Detroit or living the good life in sunnier climates. A little upside down, yes? Much like Social Security? As anyone in the auto industry will tell you, most of the auto manufacturing is now concentrated in southern right-to-work bastions where Toyota, Honda, Nissan, Hyundai, Kia, BMW, Mercedes, and Volkswagen have set up operation. Those plants will be the focus of a new organizing drive spearheaded by current UAW President Bob King.


Chrysler Dealer Arbitration Returns to Court

On: Wed, Dec 29, 2010 at 10:45AM | By: Sherry Christiansen

Chrysler Dealer Arbitration Returns to Court test 1-1

In the auto dealership world, there are strict regulations when it comes to having like-branded dealerships competing with each other in the same geographic zone. This issue is causing a lot of headaches for former Chrysler dealerships as they try to get back into business with the automaker.

Michael Vick Endorsing New Auto Dealership?

On: Fri, Dec 24, 2010 at 11:18AM | By: Sherry Christiansen

Michael Vick Endorsing New Auto Dealership? test 1-1

Around this time of year, the idea of charity and forgiveness takes center stage. Redemption can be a long and difficult journey, depending on the initial transgression. Look no further for proof of this than Michael Vick.

Right out of college, Vick was drafted by the Atlanta Falcons where his talent on the gridiron was on the rise. As with any popular and winning sports star, the high profile endorsements soon followed. In short time, Vick was the face of Nike, Coca-Cola, Kraft Foods, Rawlings, and Hasbro. By all indications, there was no stopping Vick’s star from rising. That was until he was arrested for animal cruelty.

Ford Motor Company Raises Stake In China's Jiangling Motors

On: Thu, Dec 23, 2010 at 10:29AM | By: Sherry Christiansen

Ahhh Yeeah, The Jiangling Motors Corporation Landwind X6! test 2

Ford plans to invest in a higher stake in China's Jiangling Motors, which now makes up over 30% of Ford's China sales. The investment will give Ford more voting power on Jiangling's board to enable future growth in China's fast-growing light commercial vehicle segment.

Laurence Fishburne Becomes The Voice Of Cadillac

On: Thu, Dec 23, 2010 at 10:14AM | By: Chris Weiss

Laurence Fishburne Becomes The Voice Of Cadillac  test 1-1

Mercedes has Don Draper. Lincoln followed suit with Roger Sterling. And now luxury competitor Cadillac has its own voice: Morpheus. Laurence Fishburne has signed on with GM's luxury brand and will be the official voice of the brand beginning next month.

Toronto-Dominion to buy Chrysler Financial for $6.3 billion

On: Wed, Dec 22, 2010 at 4:37PM | By: Sherry Christiansen

Toronto-Dominion to buy Chrysler Financial for $6.3 billion  test 1-1

It’s hard to imagine anyone growing up in America who hasn’t played the board game “Monopoly” at least once in their lives. The popularity of the game is based on the simple idea that it’s fun to imagine being a mogul. Players get to buy up railroads and electric companies, and put up fancy (plastic) hotels. In reality, there is an actual version of “Monopoly” unfolding every day in financial centers all over the world. The most recent shifting of the pieces came when the Toronto-Dominion Bank struck a deal to acquire the Chrysler Financial Corporation from Cerberus Capital Management. The price tag? $6.3 billion in cash, and that’s not funny money!

BMW At The Upcoming Super Bowl

On: Mon, Dec 20, 2010 at 4:11PM | By: Sherry Christiansen

BMW At The Upcoming Super Bowl test 1-1

This year BMW has decided to go big and get some of their products on screen during the Super Bowl. Last year, around 38.6 million people viewed the event to watch Drew Brees and the New Orleans Saints deliver a crushing defeat to Peyton Manning and the Indianapolis Colts.

In 2010, a 30-second Super Bowl ad for the 2010 game went for between $2.5 million to $2.8 million. With those kinds of prices it is no wonder that BMW has taken a 10-year hiatus from this particular type of marketing. However, that is about to change as the company is preparing to experience a major undertaking of vehicle launches and new model offerings. According to BMW “between 2010 and 2011, over 60 percent of its total vehicle inventory will be new vehicles”.

“We’re in the window of our biggest launch period in history and the Super Bowl gives us the stage to make a big impact,” says Stacy Morris, BMW’s marketing communications manager. The forthcoming vehicles that prompted the German auto manufacturers to pony up the necessary funds include the 2011 X3 sports utility vehicle, BMW’s electric car the ActiveE, new 6 Series coupe and convertible models, and the 5 Series sedan.

Daytona Ready To Race! Brumos And SoD Turn First Laps On New Surface

On: Mon, Dec 20, 2010 at 3:54PM | By: John Welch

Daytona Ready To Race! Brumos And SoD Turn First Laps On New Surface test 1-1

Three hours after the conclusion of the NASCAR race last July, Daytona International Speedway went under the knife. The asphalt was cracking, the water drainage insufficient, so The Frances set about repaving and modernizing the track during its elongated off-season. According to veteran of everything on wheels Hurley Haywood, they dun good. Real good.

Having scaled back their operations in the last few months, Brumos Porsche is returning to the GT ranks this year with a familiar red white and blue Porsche GT3. Having lent their typical Daytona Prototype drivers to the ActionExpress team, Brumos leader Hurley Haywood is coming out of retirement to pilot the new Brumos GT3 with Andrew Davis. On the 17th the pair opened up their gleaming Porsche on the high banks of Daytona, along with the Chevrolet/Coyote DP of Spirit of Daytona racing. Hurley is pleased, and the rest of the Grand-Am field is now anxiously awaiting their respective turns on the famed 3.57 mile course.