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industry news
Find A Better Car? Ford Canada Will Pay You $100!
Ford Canada is offering $100 to test drivers who end up buying a non-Ford product. It's one way to make $100 if you were already planning to buy a Honda. [AutoNorth via Toronto Star ] -
Carpocalypse
GM CEO Fritz Henderson Confirms Former Boss Asked To Step Down By Obama
During bankruptcy testimony earlier today, GM CEO Fritz Henderson confirmed initial reports that former CEO Rick Wagoner being asked to step down by Steve Rattner, head of the President's auto task force, in a one-on-one meeting. -
Carpocalypse
"New GM" sale may be approved in bankruptcy court today. Follow along on Twitter here.
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muscle car wars
Chevy Camaro To Beat Ford Mustang In June Sales?
As the Muscle Car Wars continue, GM's struggling to meet demand for the new Chevy Camaro, with some buyers paying heavy premiums on sticker prices. Now GM even thinks it may catch Ford's new 2010 Mustang in monthly sales. More »
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By Ray WertComment by pauljones: I'm not surprised. Let's face it: the Camaro offers all around better numbers: -It beats the Mustang on performance, whether we are... 20 Responses | Other threads
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Carpocalypse
GM Says Goodbye To Toyota Partnership, Ships NUMMI To "Old GM"
The demise of Pontiac and the joint-venture Vibe left GM's side of the partnership with Toyota at California's NUMMI assembly plant in question. Until now. GM released a statement saying NUMMI is totally "Old GM." Full release below. More » -
Carpocalypse
Carpocalypse Deals Especially Harsh Blow To American Black Middle Class
The Second Great Migration sent millions of African-Americans from the South to the Midwest, where good jobs in the automotive industry helped them join the ranks of the middle class. What happens now?
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industry news
CNBC's Jim Cramer just picked Cummins as a win on-air. Luckily, he's never wrong. Never.
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Carpocalypse
China Doesn't Want Hummer Either
The Chinese company planning to buy Hummer has apparently met resistance from the Chinese government over environmental concerns. Oh wow, is it opposite day already? (Hat tip to Mathais!) [BBC] More » -
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Carpocalypse
GM To Build New Small Car In
Busting the conventional wisdom it takes a third world to build a profitable small car for the first world, the AP's Tom Krisher broke news GM will build its new small car in Michigan. Wait, Michigan's still considered "first world?"ChinaLake Orion, Michigan! -
Carpocalypse
President Obama Signs Cash For Clunkers Bill Into Law
It's official, the Cash For Clunkers bill is now the law-of-the-land. For more information on how this bill works (or doesn't), check out our handy Cash For Clunkers Guide. [U.S. News, Getty Images] -
Carpocalypse
GM To Lay Off 4,000 White Collar Workers By October 1st
As part of an already-announced move designed to slim down U.S. non-union employees 15% to 23,500, GM plans to eliminate 4,000 U.S. salaried employees via buyouts and retirement incentives by October 1st. [Bloomberg] -
Carpocalypse
Coachbuilder Karmann Closes Doors After 108 Years
The Carpocalypse takes another as coachbuilder and contract car manufacturer Karmann has closed its doors after 108 years of existence, a Mercedes-Benz CLK the final vehicle to roll off the bankrupt companies assembly lines. [StraitsTimes] -
Carpocalypse
Akio Toyoda takes over as President of Toyota today. Good luck with that. [Bloomberg]
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industry news
Looking For The Union Label On Your American-Built Car?
We've found a snazzy interactive map that shows the location of the plant at every American-built car and light truck is assembled, along with information on that plant's unionization or lack thereof. More »
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Comment by .357: Unionized: Yes Engine: Germany Transmission: Germany Assembled: Stuttgart, Germany 21 Responses | Other threads
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cash for clunkers
Senate Passes Watered-Down Cash For Clunkers Bill, Heads To President Next
In a 91-5 vote, the U.S. Senate passed a scaled-back $1 billion "Cash For Clunkers" bill. Democrats beat back a Republican attempt to strip the proposal from a $106 billion military spending package. President Obama's expected to sign it. [AutoNews] -
Carpocalypse
Chrysler Kills Diesel Engines For Dodge Ram 1500 Pickups
Our friends at PickupTrucks.com uncovered a motion filed by Chrysler in bankruptcy court earlier this week, that indicates the bankrupt automaker's killed its heavily-anticipated light-duty diesel engine for the half-ton Dodge Ram 1500. At least temporarily. More » -
Carpocalypse
U.S. House Narrowly Passes Watered-Down Cash For Clunkers Bill
The U.S. House narrowly passed the scaled-back version of the "Cash For Clunkers" bill giving consumers cash vouchers of between $3,500 and $4,500 if they trade in their cars for newer vehicles. More » -
Carpocalypse
The Obama administration's reportedly turned down auto-parts suppliers request for $10 billion in aid. [WSJ]
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Carpocalypse
Which Brand Should GM Save?
A recent poll of 1,700 users of the automotive site CarGurus concluded the brand they'd most like GM to save (despite these) is Pontiac — the brand GM will kill. GM just can't win, can they? [CarGurus via AdAge] -
Carpocalypse
GM Sells Saab To Koenigsegg For Song, Dance
We reported last week GM was close to an agreement for the sale of Saab to Swedish automotive consortium Koenigsegg. Now it's official, with GM reaching a tentative agreement to sell the Swedish brand in exchange for apparently nothing whatsoever. More » -
Carpocalypse
Dodge Viper Factory First To Reopen After Chrysler Bankruptcy
Good news. Chrysler's emerged from bankruptcy and even before being fully embraced by Fiat's bountiful Italian bosom, they've already reopened their first plant — the 115-employee Conner Assembly in Detroit charged with building the apparently-not-yet-dead Dodge Viper. [CNN] -
Carpocalypse
Fiat CEO To Chrysler Execs: "What Would You Say You Do Here?"
Fiat CEO Sergio Marchionne, pictured here with another executive also named Sergio, conducted speed interviews with 100 Chrysler executives, asking them blunt questions in 15-20 minute interviews. Then, afterward, he spent time showing them his CE-Oh face. [BusinessWeek] -
Carpocalypse
Bo knows purchasing. Bo knows cars. But after today, Bo won't know GM anymore. [GM]
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Carpocalypse
Treasury Announces Further Tax Deductions For 2009 Car Buyers
The U.S. Department of Treasury today announced a tax deduction for the purchase of new motor vehicles is available in states that don't have a sales tax. The deduction's limited to fees or taxes paid up to $49,500. More » -
Carpocalypse
REPORT: Koenigsegg To Buy Saab
Swedish TV is reporting Koenigsegg and a group of Swedish investors have won, signing a letter of intent to buy Saab, the bankrupt Swedish brand, from GM. Expect to see new designs merging jets, the Swedish Chef and a Cuisinart. -
Carpocalypse
GM Reminds Investors Its Stock's Completely Worthless
The now-bankrupt GM's stock price is up almost 100% this week from speculators and short-sellers, forcing the automaker to make a statement reminding people it's, essentially, a worthless piece of paper and shouldn't be bought. Sad, sad press release below.
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industry news
GM Narrows Small Car Production To Three Plants
GM announced today it would build a "future small, fuel efficient car" at one of three idled U.S Plants: Orion, Michigan; Spring Hill, Tennessee; or Janesville, Wisconsin. How will they decide? More »
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Comment by pauljones: Build them in all three for all I care. The sad part is that this is the car that GM really... 12 Responses | Other threads
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Carpocalypse
U.S. Supreme Court clears way for Chrysler sale to Fiat. [Reuters]
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Carpocalypse
GM salaried retiree benefits cut by two-thirds as part of "difficult changes." [TheDetroitBureau]
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Carpocalypse
Is Selling Hummer Moral? Is Killing The New York Times?
The New York Times Ethicist blog asks today whether GM selling Hummer is the right thing to do. They posit the honorable thing should be to kill it. Kind of like newspapers. More »
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By Ray WertComment by Deartháir - Now with more Age™!: EVERYTHING destroys the environment somehow. Cars contribute, what, 7% of the emissions that destroy the ozone? Something like 85% of... 16 Responses | Other threads
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Carpocalypse
Edward Whitacre To Be Chairman Of "New GM"
Edward E. Whitacre, Jr., former chairman and CEO of AT&T, will become chairman of the "New GM" when launched later this summer. He will succeed Kent Kresa, another old, white man currently serving as interim chairman. Full release below.
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Carpocalypse
The U.S. House could vote on the "Cash For Clunkers" bill today. [WILX]
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Carpocalypse
Sergio Marchionne says he won't back down, gonna stand his ground on Chrysler deal. [WSJ]
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Carpocalypse
U.S. Supreme Court delays sale of Chrysler to Fiat. [Freep]
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Carpocalypse
Ford CEO Hits Today Show, Says Nothing
Ford CEO Alan Mulally was up early for a Today Show interview in New York with NBC's Matt Lauer. Lauer fearlessly probed Mulally, peppering him with a slew questions. Smiling like a Cheshire cat, Mulally non-answered every one of them. More » -
Carpocalypse
GM Kills Ironhide, Ceases Production Of TopKick, Kodiak
Just weeks before Transformers 2 hits theaters, GM's killed Ironhide, announcing they'll be ceasing production of medium duty trucks after being unable to find a buyer due to the Carpocalypse. Goodbye, GMC TopKick and Chevy Kodiak. You'll both be missed. More » -
Carpocalypse
Decision from Ruth Bader Ginsburg, Supreme Court on Chrysler-Fiat deal today. [Freep]
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Carpocalypse
GM Re:tardation Site Parodies GM Ad Campaign, Mocks Carpocalypse
Think GM's new "Re:Invention" ad campaign is a bit of a joke? A spoof site called GM Re:tardation's sprung up to take on their new marketing silliness. Better, they've put together a spot-on commercial parody as well. See it below. More » -
Carpocalypse
Penske Officially Buying Saturn From GM
GM will officially be selling the Saturn brand to Roger Penske for an unknown sum. GM will continue building Saturns on contract with Penske for them to distribute through Saturn's current dealer network. Full press release below. More » -
Carpocalypse
REPORT: GM Reaches Deal Selling Saturn To Penske
GM's apparently agreed to sell Saturn to Jalopnik's favorite Detroit-loving, mega-dealer-owning, truck-renting and smart-car-selling Roger Penske, with a deal expected to be announced today. So we guess this means there's now a fourth "U.S." automaker in Detroit. [NYT Dealbook]
industry news
Detroit, 12:35 PM
Sun Jul 5
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