Marc Carter
GM Launches New Customer Protection Package…GM Total Confidence
General Motors has launched a new customer protection package called GM Total Confidence to encourage people to start buying cars again. The new package is similar to what Hyundai launched a few months ago, although GM's version goes a bit further to help potential buyers. The payment protection plan will pay your car payment up to nine months if you...
R.I.P. Hyundai Entourage Dead by the End of the Year
Hyundai's CEO John Krafcik recently revealed some of Hyundai's future product plans at a press conference. Hyundai is going to fully focus on building fuel efficient cars and crossovers. But unfortunately the plans also revealed that the slow-selling Entourage minivan will be dead by the end of the year. "We weren't a big player to begin with, and the...
VW Officially Changes the Rabbit Back to the Golf
As it was rumored last week, VW has officially changed the Rabbit name once again back to the Golf for the U.S. market. 2009 will be the last year that VW's popular hatchback will be called the Rabbit. For the 2010 model year the Golf name will return on an all-new model. "The Golf is an iconic nameplate for the Volkswagen...
U.S. Government: Chevy Volt Won't Save GM
In its Viability Summary of GM, the U.S. government stated, "While the Volt holds promise, it will likely be too expensive to be commercially successful in the short-term." The Volt, " is currently projected to be much more expensive than its gasoline-fueled peers and will likely need substantial reductions in manufacturing cost in order to become commercially viable." The Chevy...
GM's Rick Wagoner to Recieve $20M Retirement Package
This past weekend the Obama administration asked GM's CEO Rick Wagoner to step down as part of its restructuring plan. The Treasury Department has banned GM from issuing any severance packages to its executives, but that doesn't mean that Wagoner can't receive millions in retirement benefits. Wagoner has worked for GM for nearly 32 years and according to documents...
Acura's X6 Fighter Officially Dubbed the ZDX
Acura has officially announced the ZDX name for its upcoming "four-door sport coupe" prototype that will be unveiled at the 2009 New York Auto Show. "The ZDX prototype is unlike anything you have ever seen before from Acura," said Jeff Conrad, vice president, Acura sales. "The prototype showcases a new level of luxury, style and refinement for Acura and speaks...
Chrysler Unveils the 2009 Dodge Challenger SE Rallye
Chrysler has unveiled the 2009 Dodge Challenger SE Rallye, which features a new five-speed automatic mated to the 3.5L V6. The Dodge Challenger SE Rallye features dual body stripes, chromed fuel door, deck lid spoiler, and 18-inch aluminum wheels. The new five-speed automatic replaces the archaic four-speed automatic on the V6 equipped Challengers. The 2009 Dodge Challenger SE Rallye starts at...
Obama Rejects GM and Chrysler's Viabilty Plans…No More Poor Decisions!
President Obama has just finished his press conference regarding the government's decision on the viability plans that were submitted by GM and Chrysler on February 17th after they received $17.4 billion in loans. “Neither goes far enough to warrant the substantial new investments that these companies are requesting,” Obama said. “They must produce plans that would give the American people...
BREAKING NEWS: GM's Rick Wagoner Steps Down!
It's official Rick Wagoner has stepped down from his post as the CEO of GM. As a request from the government, Wagoner is going to be replaced by Fritz Henderson immediately. The Obama administration requested Wagoner's departure as part of the rescue plan. Wagoner was named president and CEO in 2000, and assumed the role of chairman in 2003....
Cadillac Reportedly Pulling Out of Half of Europe
There's more bad news for Cadillac fans in Europe. Yesterday it was reported that GM had stopped plans to introduce a much needed V6 turbodiesel for Cadillac in Europe. Today it looks like GM has decided to pull Cadillac out of half of Europe. GM has decided to halt Cadillac sales in half of Europe following the collapse of its...
