General Motors Company CEO Fritz Henderson has repeatedly said that the Detroit automaker is aiming for an initial public offering as early as next year. However, the Government Accountability Office (GAO) said Monday that 2010 might be too soon to execute such a stock offering. The GAO said that the Obama administration should establish a [...]
FoMoCo’s CEO Alan Mulally said that its surprise third-quarter profit “absolutely” would have happened even without the Cash for Clunkers incentive. “It was a good stimulus,” Mulally told Automotive News. “But the real strength of the third quarter is based on the strength of our product line improving.” Mulally wouldn’t say whether the Dearborn automaker [...]
Honda today announced the pricing details on its new 2010 Honda Accord Crosstour crossover model that will arrive in dealerships on November 20. Retail pricing starts at $26,670 ($30,380 when you include a destination and handling charge of $710). The 2010 Honda Accord Crosstour is available in two trim-levels including EX and EX-L. The Accord [...]
Other than the Camaro Concepts being shown at the 2009 SEMA show, Chevrolet is also showing an accessorized 2010 Corvette Grand Sport with a Heritage package. The model you see here shows a bunch of Grand Sport accessories that will be offered in 2010. The 2010 Chevrolet Grand Sport accessories are expected to go on [...]
On Wednesday, executives from Fiat and Chrysler will both outline what they have planned for Chrysler Group LLC over the next 5-years. The event will be held in Auburn Hills and about 300 people are expected to attend including analysts, government and union officials, dealer representatives and media to hear for what CEO Sergio Marchionne [...]
In a filing with the U.S. Securities and Exchange Commission yesterday, General Motors Company said that it has $13.6 billion remaining in its U.S. government-funded escrow account as of October after it made payments related to the restructuring of its former parts subsidiary Delphi. The Detroit automaker said that it had deposited $16.4 billion of [...]
This week at the 2009 SEMA Show, Chevrolet is showing off five new Camaro concepts, one which is a race-ready, twin-turbocharged V6 from Jay Leno and the one we’re interested in the most. As you can see from the pictures, the Jay Leno Camaro is one of the most radical looking Camaro concepts at SEMA [...]
The 2010 Ford F-150 SVT Raptor made its debut at last year’s SEMA show. The model launched with a strong start in August with Ford’s 320-hp 5.4L Triton V8 bringing in more than 3,000 orders. This year, at the 2009 SEMA show, Ford is announcing the launch of the much-anticipated Ford F-150 SVT Raptor with [...]
Meet the 2011 FR Raptor XT (FR stands for Ford Racing of course) – the most expensive Ford to ever come out of Dearborn (as far as we can remember at least). Ford says that the FR Raptor XT is nearly the same truck that finished the 2008 Tecate SCORE Baja 1000, but with all [...]
Last year when Ford announced a 50-unit run of the 2008 Ford Mustang Cobra Jet, the program became a huge success and the Dearborn automaker sold out of all the units before the vehicle even went into production. Well, Ford is back this year and is repeating that success with the 2010 Cobra Jet Mustang [...]
