Showing Tag: " gm" (Show all posts)

REPORT: Suzuki XL7 production put on "indefinite hold"

Posted by Ahmad Faraz on Wednesday, May 13, 2009, In : : Suzuki 

According to Automotive News, Suzuki has elected to halt production of its only North American-built model, the slow-selling three-row XL7 crossover. Blaming the nation's subprime loan crisis, Suzuki spokesman Hideo Kojima has confirmed that no additional examples of the America-only model will roll off out of General Motors' CAMI joint-venture facility in Ingersoll, Ontario. The plant is still operational, however, continuing to produce other GM vehicles for the remainder of the model year.

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Officially Official: 2010 Opel Astra revealed ahead of Frankfurt debut

Posted by Ahmad Faraz on Wednesday, May 13, 2009, In : Cars 

The 2010 Astra's design is inspired by the Opel Insignia, sporting all-new sheet metal that takes cues from its mid-size sibling and packages it into a smaller, more fluid shape. The fascia, headlamps and rump remain true to Opel's new design direction, along with the sculpted sides and cab-forward greenhouse.

The same Delta 2 global platform used on the Cruze and Volt underpins the new Astra, measuring in at 174 inches, with a wheelbase that stretches 2.8 inches longer than the outgoing model...
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Latest findings says cars more affordable now than they have been since study began in 1979

Posted by Ahmad Faraz on Monday, May 11, 2009, In : Cars 

While tanking auto sales are bad for automakers, the customers buying cars and trucks are paying less for them than any time in the past 30 years. Comerica Bank's Auto Affordability Index shows that a vehicle with a $26,000 MSRP takes the average family 21.5 weeks of median income to buy. That's 1.3 weeks less than in December of 2008, as incentives have grown by an average of $1,700 per vehicle purchase in only five months. Lower interest rates and deep discounts are being assisted by looser...
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Documents reveal Chrysler tried to sell parts to Chinese, tie-up with almost every automaker

Posted by Ahmad Faraz on Saturday, May 2, 2009, In : Cars 

According to an affidavit filed in the New York U.S. Bankruptcy Court where Chrysler filed for Chapter 11, the automaker's Co-President and Vice Chairman Tom LaSorda is quoted as saying "Chrysler has attempted in recent weeks to sell product lines and other units to a number of Chinese companies, but these efforts ... have been unsuccessful." The now bankrupt automaker offered the Chinese firms – including the Beijing Automotive Industry Holding Co. and Chery – engines, transmissions, veh...
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