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Chicago's Second City takes on the Clint Eastwood Super Bowl ad and ponders a world where we'd given up on Chrysler. "It's halftime in America, and playing two halves is asking a lot. So, good game." More »
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The Clint Eastwood Super Bowl Ad was a pep talk for Detroit and a threat to those people who don't think automakers like Chrysler are capable of making a comeback. People like Clint Eastwood, who voiced his opposition to the auto bailout in very clear terms just a few months ago. More »
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Less than two weeks ago it looked like Saab was finally close to selling itself to the Chinese and thus saving the brand, again... maybe. At least a few more months. Not so if GM has its way. Oh my God! They killed Saab again! You Bastards! More »
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A few things you didn't know about Vice President Joe Biden and cars: His dad had GM and Chrysler dealerships (while he, as a U.S. citizen, owns parts of GM and Chrysler). He once borrowed a Chrysler 300D for his prom, and the Secret Service won't let him drive his 1967 Corvette. More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5837767&view=rss&microfeed=true Last week at the Toledo Jeep plant, President Obama asked where local businesses like New Chet's diner would be without the industry bailout. New Chet's will close Sunday after 90 years, with the owner blaming the economy and smoking bans. More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5810279&view=rss&microfeed=true Fiat says it will buy the U.S. government's 6% stake in Chrysler, giving Fiat 52% of the Pentastar. The last time Chrysler was this Italian was when Lee Iacocca had Frank Sinatra in to premiere "It's Time For You" More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5806363&view=rss&microfeed=true Chrysler finally, officially, wired $6 billion to the U.S. Treasury today, paying off the loans used to save the company four years early. Why they didn't deliver it with two models holding an oversize novelty check escapes us. More »
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Citing poor market conditions HKS USA, formerly one of the largest aftermarket JDM performance companies in the country, is ceasing U.S. operations after nearly three decades in business. A letter obtained by Jalopnik shows the company will consolidate its work to Japan. More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5796802&view=rss&microfeed=true Chrysler will announce Thursday its refinancing its debts and paying back the U.S. and Canadian government $6.6 billion in "shyster" loans, during a ceremony with U.S. Treasury Secretary Timothy "Timmeh" Geithner. It's the Cobb short-throw shifter of corporate finance. More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5796293&view=rss&microfeed=true With shares of General Motors hovering near a post-IPO low, masterminds at the U.S. Treasury have let slip they might sell a chunk of its 33% stake this summer or fall. Someone's just itching to use the E-Trade account. More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5794337&view=rss&microfeed=true The federal budget deal keeping the U.S. government open eliminates the Obama administration's "car czar" which oversaw the bailouts of GM and Chrysler. In memoriam, GM will give the U.S. Treasury a Cruze with a missing steering wheel. More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5791294&view=rss&microfeed=true Before General Motors' $4.7 billion annual profit passes down the memory hole, here's a guide to the politicos who said the government's rescue of GM was doomed. Send those apology notes to 300 Renaissance Center, Detroit, MI 48265. More »
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General Motors says it made $510 million in the fourth quarter and $4.7 billion last year in net income on revenues of $135.6 billion. It's the first time an automaker named General Motors has posted a gain since 2004. More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5769133&view=rss&microfeed=true Mitsubishi to discontinue Eclipse neither fast nor furiously, but by 2013. [NYT Wheels] More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5739960&view=rss&microfeed=true Toronto-based TD Bank will purchase Chrysler Financial for $6.3 billion. Despite being named Chrysler Financial, the company is no longer owned by the automaker, but held by former owner and destroyer of worlds — Cerberus. If you do the math, Cerberus paid $7.4 billion for 80% of Chrysler, then easily shed it in the bankruptcy/bailout, kept the finance arm, and just sold that for almost the price they paid for the whole thing in the first place. [Reuters] More »
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Earlier this week, an automotive blogger took to the pages of the New York Times to argue that the Detroit bailout didn't work. Why can't the New York Times op-ed page find writers who know anything about the auto industry? More »
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In the depths of the financial collapse, the U.S. Federal Reserve pumped $3.3 trillion into keeping credit moving through the economy. It eventually lent $57.9 billion to the auto industry — including $26.8 billion to Ford, Toyota and BMW. More »
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The "new" General Motors gets listed on the New York Stock Exchange in just 30 minutes. For now, watch GM get it's name plastered on the outside of the NYSE. By the way, where's the "old" big blue logo? More »
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Japanese people are too cool for the Honda Civic, preferring the more compact and lifestyle-appropriate Fit. Of course, this is also a country where the Minidisc player is wildly popular, so take their judgment with a grain of wasabi. [WSJ] More »
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Pontiac was officially declared dead this weekend at 84 from complications due to GM ownership. In honor of this sad occasion, we're re-running our Pontiac eulogy from 2009. — Ed. . More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5678819&view=rss&microfeed=true The biennial British Motor Show's been canceled again, much to the disappointment of countless dozens. More »
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Fritz Henderson, the GM CEO fired by a government-appointed board of directors last December, has been paid $59,090 a month for the last six months to consult the company five hours per week. More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5657215&view=rss&microfeed=true The Treasury says the estimated cost of saving General Motors, Chrysler and Ally Bank née GMAC shrunk to $17 billion, an $11.2 billion improvement from a year ago. Thanks, Ally Bank! [DetNews] More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5656454&view=rss&microfeed=true GM's IPO needs to be priced at $133.78 per share for taxpayers to make their money back. Good luck with that. [AP] More »
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Derick and Justin Jewell are brothers. They both work in GM plants doing similar jobs. The main difference between them? Justin makes $16 an hour. Derick makes $28 an hour. Welcome to the world of "two-tiers." [ChangingGears] More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5644815&view=rss&microfeed=true That high-pitched noise you hear is dozens of Washington lobbyists squealing in unified excitement of news GM's resuming political contributions. [Automotive News] More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5644754&view=rss&microfeed=true "At one time we had a Ford plant, a GM plant, and a Chrysler plant here in Sandusky, Ohio." Now there's Cedar Point. Less plants, less fun? [ChangingGears] More »
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Happy days came back Friday to Spring Hill, Tenn., when General Motors announced it would rehire 483 laid-off workers to build four-cylinder engines. On hand to cheer the news: Three Republican lawmakers who opposed the bailout that saved GM. More »
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Last week we solved the mystery behind an abandoned Ohio car dealership caught on Flickr. Our story set off a flurry of responses from readers about similarly abandoned sales relics. Here's a ghostly gallery of America's lost car dealerships. More »
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If you can afford a fancy new car, go ahead and buy one. If you're tight on funds, but still want to look awesome, purchase a sweet old car and instead of thrifty you can be thriftastic. More »
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General Motors won't start the hard sell of its shares to investors, called a "road show," until Nov. 3, one day after mid-term elections, and the actual IPO now expected Nov. 18. Why? Politics, of course. More »
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Earlier this year, the United Auto Workers decided to sell its money-losing 1,000-acre resort and golf course. Now, while GM files for its IPO, new UAW leadership is pulling the resort off the market. Here's a look inside. More »
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UAW President Bob King wrote a two-page letter to a reporter explaining why he wasn't allowed to park his Toyota Camry at a UAW hall lot (or any union property): Toyota hates the First Amendment. [KCBJ, Detroit News] More »
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The U.S. auto industry may have climbed back from the Carpocalypse, but it's still liquidating much of its old pieces, from forklifts to entire factories. David Traver Adolphus of Hemmings Blog shows what's on the block. More »
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Saab was the smallest of GM's troubled brands, but the only one to survive, due largely to the incredible support coordinated by one enthusiast on a tiny Australian island 10,000 miles from the carmaker's Swedish headquarters. Here's his story. More »
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Patent drawings for what appears to be the production version of the Chrysler 200C sedan have just appeared on a Brazilian website. Oh, Chrysler. Keep it pretty and we might love you forever. [Noticias Automotivas via Autoblog] More »
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GM is rebuilding GMAC Ally Bank its captive finance arm by buying AmeriCredit for $3.5 billion to increase leasing to low credit and at-risk car buyers. Wait, isn't this part of what got the U.S. into this whole mess? [GM] More »
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U.S. President Barack Obama gets out of a Chevrolet Volt following a groundbreaking ceremony in Holland, Michigan today. He reportedly asked "When can Americans buy one?" We already did, Mr. President. We already did. More »
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Today is the final day of production for the Chrysler PT Cruiser. Once the shining star and gotta-have Chrysler of the moment, the much-neglected PT has finally been put to rest. It serves as a perfect demonstration of Chrysler's failings. More »
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