President Barack has just wrapped up his press conference on the government’s decision on the viability plans submitted by GM and Chrysler on Feb 17th after both automakers received $17.4 billion. “Neither goes far enough to warrant the substantial new investments that these companies are requesting,” Obama said. “They must produce plans that would give [...]
Ford’s assembly plant in Chicago will be responsible for building the next-generation version of the Explorer SUV, reports the Chicago Tribunal. Union leaders said that Ford executives agreed to produce the new Explorer at its Chicago facility as a part of a recent deal with the UAW to cut pay and benefits. When asked, Ford said [...]
For those of you that think that the 2010 Hyundai Genesis Coupe is the replacement for the current Hyundai Tiburon – you’re wrong. According to Hyundai Motor America’s acting CEO John Krafcik, Hyundai is working on the next Tiburon that will be smaller and will also cost much less. The new car will be “positioned below the [...]
The 2009 Dodge Challenger SE Rallye makes the Challenger SE lineup more exciting with a 5-speed automatic (originally it was offered with a 4-speed auto) and some exterior enhancements. Basically, it’s a Challenger SE for those that don’t want to move up to the HEMI V8 R/T but still want all the visual appeal. Power [...]
Rick Wagoner has released an official statement as he steps aside as Chief Executive Officer of General Motors. GM Message from Rick Wagoner On Friday I was in Washington for a meeting with Administration officials. In the course of that meeting, they requested that I “step aside” as CEO of GM, and so I have. [...]
As Rick Wagoner is being ousted as CEO of General Motors by Obama and as Chrysler faces a “Fiat or bust” policy, Ford CEO Alan Mulally is hanging out in his 12th floor corner office at Ford’s Dearborn headquarters with a big grin on his face. Mulally says that Ford is now competitive. ”Ford has won [...]
After all the reports yesterday about GM’s Rick Wagoner resigning his position CEO as a requirement set by the government to get additional aid – General Motors has released an official statement about the changes to its executive team lineup. Wagoner, who has been CEO since 2000 and became chairman in 2003, will step down [...]
Barack Obama’s auto task force is highly disappointed in GM and Chrysler and has given both automakers failing grades for their turnaround efforts. We’ll get more official details later today, but White House officials have said that President Barack Obama is willing to provide an additional $6 billion to Chrysler, only if it can wrap up [...]
Just a day before President Barack Obama announces his plans to help General Motors and Chrysler LLC, Rick Wagoner has resigned his position as Chief Executive Officer of GM. According to a report by Reuters, Wagoner resigned after being pressured from the Obama administration on Sunday as the government prepares to announce the second round [...]
It’s that time of the week again where we gather up all the photo galleries from the past 6 days. This week check out photos of the 2010 Volkswagen Golf GTI, Faralli & Mazzanti Vulca S, Tata Nano, 2010 Cayenne GTS Porsche Design Edition 3, Hyundai BLUE-WILL Concept, G-Power Typhoon, 2010 Volkswagen Golf GTD, 2010 Brabus [...]
