Ford Offers Job Loss Protection While GM Offers Sweetened Total Confidence Program
Both Ford and GM have announced new programs in hopes of encourage consumers to enter into the car buying market. Within each program both Ford and GM will offer protection to the consumer if they were to lose their job. That means Ford or GM will pick up the payments for a specified amount of time for those who are in the position to qualify for unemployment benefits. The programs are similar to that of Hyundai’s Assurance Program but the terms are even better than Hyundai’s.
2009 New York International Auto Show Preview: Acura ZDX Crossover
March 30, 2009 by Larry
Filed under Acura, Auto Show, Automotive, Concept Vehicle, Featured, SUV
We already knew everyone was going after BMW right? Even Honda’s luxury division, Acura, has its eyes on targeting the Bavarian pacesetter even when it comes to BMW’s latest sports crossover vehicles including the X6. What is Acura’s answer to the BMW X6? It is the Acura ZDX crossover which is slated to debut at this year’s New York International Auto show this week. Also news about the new Acura ZDX is that it will be going on sale this fall. Expected power plants may include a turbocharged version of the widely used 3.7-liter 305hp V6 found in the MDX and RL or it could be derivative of the TL’s 3.5-liter engine with the addition of a turbo.
[source: Acura]
Images and Press release below after the jump:
Obama Says U.S. Will Guarantee GM, Chrysler Warranties
Today is my “what to do in case of Automotive Industry emergency” news day. All of the major news networks are steadily reporting today updates of the Obama administration’s plans for the automotive industry. It seems they already want federally regulate everything else so why not do it with the Automotive industry. I mean, heck, they already gave Rick Wagoner, GM’s CEO, the boot and now they will guarantee the federal government paying for any warranty repairs on a General Motors or Chrysler vehicle if either company can’t because of financial problems or a bankruptcy filing. That’s actually good news now that I think about it because all my neighbor has to say about his Chevy Tahoe other than it is gas guzzler is that GM may not be able to fulfill their 100,000 mile warranty if they go under.
This has been the topic of discussion for thousands who happen to drive a GM or Chrysler vehicle currently. Many of these cars are still under warranty considering the 100,000 mile warranty offered in the past couple of years by both GM and Chrysler.
“Given where the industry is, these highly unprecedented actions are consistent with the unprecedented times we’re in,” Standard & Poor’s analyst Robert Schulz told Reuters today.
Let’s face it, bankruptcy is a very feasible option for Chrysler and GM and many are finally realizing this. We all knew it may come to this. I guess for now it is good that the government and/or Obama administration is on our side… or are they?
GM CEO Rick Wagoner Calls It Quits
March 30, 2009 by Malcolm
Filed under Automotive, Featured, GM, News
General Motors CEO Rick Wagoner will step down from his position immediately as recently reported by various news associations. This comes about maybe as a slight surprise on the eve of President Barack Obama’s expected announcement of a deadline for Chrysler and General Motors to finalize their terms for restructuring or deciding on a Chapter 11 bankruptcy package.
As the economy shows no apparent signs of improvement except for the recent stock market rallies the auto industry continues to suffer and look for some type of outlet. The outlet for Rick Wagoner was specifically requested by the Obama administration.
Rick Wagoner spent 32 years with GM and in part over-seeing the operations of General Motors all through its better days and recent slump.
Below after the jump is the official message from Rick Wagoner and GM’s board restructuring announcement.
[source: Associated Press]
U.S. Fuel Economy Standard to be raised to 27.3 MPG for 2011
March 27, 2009 by Larry
Filed under Automotive, Featured, News
The Fuel-economy standards for all light vehicles will rise to the average fuel consumption limit of 27.3 mpg for 2011 model year vehicles. That is a rise of 8% from the current rule. This new rule was issued today and is based off of regulations using a new system that sets standards for individual models based on their size.
Transportation Secretary Ray LaHood said in a statement, “These standards are important steps in the nation’s quest to achieve energy independence and bring more fuel-efficient vehicles to American families.”
This is the first fuel economy mandate set by the Obama administration. Overall, the new energy law will lift standards by about 40 percent by the year 2020 making ALL vehicles average 35 mpg or better.
Considering this, that should ultimately put more Americans to work to be innovative and produce vehicles that actually SAVE GAS! RIGHT???
2010 Ford Mustang GT Glassback Review & Test Drive
March 27, 2009 by Harvey
Filed under Automotive, Featured, Ford, Test Drives
Ahhh, it’s a wonderful day when Ford delivers an all-new Mustang GT.
This year the iconic Pony Car is even better than the last generation, which was a vast improvement from generations past.
This all-new 2010 Mustang GT is more contemporarily styled, more powerful, with better handling, and a completely redesigned high-quality interior that can stand up against any sporty coupe on the market for a base price of just $27,995.00. This new Mustang is the industry’s first sporty coupe to have an available ‘glass roof’ that runs from the top of the windshield to the front of the rear glass.
It is indeed a wonderful day as Mustang muscle goes modern for 2010-America’s favorite muscle car for 45 years straight-hits the streets with a new sculpted exterior design, a new interior design featuring world-class craftsmanship and materials, new technology, and performance improvements such as larger wheels, forced air induction, and a retuned suspension taken from the Mustang Bullitt.
Pagani Zonda R Official Commercial Trailer – Video
March 27, 2009 by Malcolm
Filed under Automotive, Featured, Pagani, Video
I’m wondering something and maybe you can help me understand this. When a new car is released usually the manufacturer will promote it through commercials, press releases and other various media provided that this car really needs to sell. Now, what about a vehicle that is in limited production. When I say limited I mean only a handful of people on this earth will get to enjoy ownership of such a vehicle. That’s where I am left in the dark with all of the hype and media covering the new Pagani Zonda R. Sure it is a freaking awesome car but why is it some kind of new video or new images on this thing almost every week as if it is the new Toyota Camry or something?
Oh well, I actually enjoy the new media but don’t tell anyone that I am a sucker for supercars. I guess that is why I found myself on supercarmovies.com viewing the latest Pagani Zonda R Official Commercial Trailer Video. Here it is (the video) below after the jump… take it for what it is and enjoy it!
Tesla Model S – It’s Alive! Official Images
Okay, here it is. As promised, a few official images of the Tesla Model S plug-in electric sedan.
What is your opinion on the styling? Oh, you want to know my opinion first? Looks like a Maserati Quattroporte, Mazda RX-8, Jaguar XF and Infiniti G37 all had a child together only this one was born without a tail pipe. Go figure!
Enjoy the images below after the jump.
