No more Saturn automobiles. The deal with Roger Penske has fallen through.
This from AP:
GM to shut down Saturn after Penske walks away
DETROIT (AP) — General Motors Co. said Wednesday it would shut down its Saturn brand after an agreement with Penske Automotive Group Inc. to acquire it fell apart.
Penske, citing concerns of whether it could continue to supply vehicles after a manufacturing contract with GM ran out, ended talks with GM Wednesday to acquire the brand.
GM CEO Fritz Henderson said in statement that Saturn and its dealership network will be phased out.
In a statement, the Bloomfield Hills, Michigan-based auto retailer says an agreement with another manufacturer to continue producing Saturn vehicles after GM stopped making them fell through, leading Penske to terminate talks with GM.
Wednesday, September 30, 2009
Tuesday, July 28, 2009
Cash for Clunkers Stimulus - Good or Bad, You Decide
By: Billy Blake
Cash for Clunkers Stimulus is the latest shot at getting
rid of the old gas blowing clunkers that are on the streets. Do
you have a clunker that you think you'd like to get rid of?
Well if you do, then you can get between $3,500 - $5,000 off the
sticker price of a brand new car!
Cash
for Clunkers
However there are certain boxes you, or rather your car, has to
tick to make qualify for the Cash for Clunkers Stimulus.
1) Your car must be more than 8 years old, but less than 25
years old.
2) Your car has to be scrapped once you trade it in - no trading
in and then getting your clunker back!
3) Your car must get an average MPG of 18 to the gallon!
4) Only one discount per person - so you can't bring along two
cars and try and get up to $10,000 on the Cash for Clunkers
Stimulus.
Also worth point out is that it is the Dealer's duty to claim
back the discount from the Government, it is not your job to
fill in paperwork and try and recoup the discount you receive.
Leave that to the dealer.
The Cash for Clunkers Stimulus is set to run until November 1st
or until the set aside cash runs out.
So if you have always wanted a new car, then if you have a
qualifying vehichle then now is the best time to get down to
your local dealer and make the deal!
About the author:
Answer a question about your views on
Clunkers and get the chance to win a brand new
Blackberry Storm. CLICK HERE NOW ===>>> http://ehotpolls.com
Cash for Clunkers Stimulus is the latest shot at getting
rid of the old gas blowing clunkers that are on the streets. Do
you have a clunker that you think you'd like to get rid of?
Well if you do, then you can get between $3,500 - $5,000 off the
sticker price of a brand new car!
for Clunkers
However there are certain boxes you, or rather your car, has to
tick to make qualify for the Cash for Clunkers Stimulus.
1) Your car must be more than 8 years old, but less than 25
years old.
2) Your car has to be scrapped once you trade it in - no trading
in and then getting your clunker back!
3) Your car must get an average MPG of 18 to the gallon!
4) Only one discount per person - so you can't bring along two
cars and try and get up to $10,000 on the Cash for Clunkers
Stimulus.
Also worth point out is that it is the Dealer's duty to claim
back the discount from the Government, it is not your job to
fill in paperwork and try and recoup the discount you receive.
Leave that to the dealer.
The Cash for Clunkers Stimulus is set to run until November 1st
or until the set aside cash runs out.
So if you have always wanted a new car, then if you have a
qualifying vehichle then now is the best time to get down to
your local dealer and make the deal!
About the author:
Answer a question about your views on
Clunkers and get the chance to win a brand new
Blackberry Storm. CLICK HERE NOW ===>>> http://ehotpolls.com
Monday, May 04, 2009
GM Bankruptcy -- How Safe Is Your Factory GM Warranty?
By: Justin Reynold
As a GM bankruptcy begins to become a very real, near term
possibility, I'm asked by many of my customers how this may
potentially affect their factory GM warranty. Will their
coverage be good tomorrow or will it be wiped out by the
bankruptcy?
When I was first asked these questions, I would have to admit
that I was a little tongued tied and unsure of an appropriate
response. Now, having given it much thought and after doing some
research, I have come to the conclusion that there are three key
factors to consider regarding the future coverage of a customers
GM warranty.
1) GM Would Never Recover
If GM were to hang hundreds, thousands and/or millions of
consumers out to dry, by not honoring their new car warranty,
then they would quite simply, Never Recover!
If that many consumers were to be "burned," GM would have the
near impossible task of rebuilding trust and credibility with
millions of consumers. With the already floundering sales of GM
products, a loss of even 20% of their loyal customer base would
be financially crippling.
2) Politicians and The Egg On Their Face
Our beloved politicians in Washington and their "To Big To Fail"
motto would not and could not let a GM bankruptcy negate the
coverage provided by the factory GM warranty.
They have simply invested too much tax payers money into GM at
this point and it would be a multi-billion dollar blunder that
would, more than likely, cost them their prized re-election next
term.
3) Treasury Departments Warranty Commitment Program
Source: WhiteHouse.gov 03/30/2009
For any new GM vehicles purchased during the GM bankruptcy
and/or restructuring period all factory GM warranty coverages
will be honored.
A reserve account will be established, and run by a third party
program administrator, in which 125% of expected warranty
service costs will be held. 15% of those funds will be provided
by the manufacturer and 110% will be provided by the US Treasury.
In the event that GM were to go out of business, then the US
Government would identify a qualified third party warranty
service provider to assume responsibility for all of General
Motors warranties covered by the program, in exchange for the
assets of the program.
Summary
I'm not a betting man, okay maybe a little, but I'd be willing
to bet that a GM bankruptcy will have absolutely no adverse
affects on existing factory GM warranty coverage and/or any
future sales of new GM cars, trucks and SUV's.
The GM new car warranty coverage is one of the best coverages
available and if you are currently covered, or will be with a
new purchase, then I think it's safe for you sleep well at
night, because your coverage will be good tomorrow.
About the author:
Justin has nearly twelve years experience in the car business
and is currently employed as a Finance Manager. For the best car
buying, selling and general automotive advice visit:=>
http://www.insider-car-buying-tips.com
As a GM bankruptcy begins to become a very real, near term
possibility, I'm asked by many of my customers how this may
potentially affect their factory GM warranty. Will their
coverage be good tomorrow or will it be wiped out by the
bankruptcy?
When I was first asked these questions, I would have to admit
that I was a little tongued tied and unsure of an appropriate
response. Now, having given it much thought and after doing some
research, I have come to the conclusion that there are three key
factors to consider regarding the future coverage of a customers
GM warranty.
1) GM Would Never Recover
If GM were to hang hundreds, thousands and/or millions of
consumers out to dry, by not honoring their new car warranty,
then they would quite simply, Never Recover!
If that many consumers were to be "burned," GM would have the
near impossible task of rebuilding trust and credibility with
millions of consumers. With the already floundering sales of GM
products, a loss of even 20% of their loyal customer base would
be financially crippling.
2) Politicians and The Egg On Their Face
Our beloved politicians in Washington and their "To Big To Fail"
motto would not and could not let a GM bankruptcy negate the
coverage provided by the factory GM warranty.
They have simply invested too much tax payers money into GM at
this point and it would be a multi-billion dollar blunder that
would, more than likely, cost them their prized re-election next
term.
3) Treasury Departments Warranty Commitment Program
Source: WhiteHouse.gov 03/30/2009
For any new GM vehicles purchased during the GM bankruptcy
and/or restructuring period all factory GM warranty coverages
will be honored.
A reserve account will be established, and run by a third party
program administrator, in which 125% of expected warranty
service costs will be held. 15% of those funds will be provided
by the manufacturer and 110% will be provided by the US Treasury.
In the event that GM were to go out of business, then the US
Government would identify a qualified third party warranty
service provider to assume responsibility for all of General
Motors warranties covered by the program, in exchange for the
assets of the program.
Summary
I'm not a betting man, okay maybe a little, but I'd be willing
to bet that a GM bankruptcy will have absolutely no adverse
affects on existing factory GM warranty coverage and/or any
future sales of new GM cars, trucks and SUV's.
The GM new car warranty coverage is one of the best coverages
available and if you are currently covered, or will be with a
new purchase, then I think it's safe for you sleep well at
night, because your coverage will be good tomorrow.
About the author:
Justin has nearly twelve years experience in the car business
and is currently employed as a Finance Manager. For the best car
buying, selling and general automotive advice visit:=>
http://www.insider-car-buying-tips.com
Monday, March 30, 2009
GM CEO Gone
From the Wall Street Journal:
The Obama administration used the threat of withholding more bailout money to force out General Motors Corp. Chief Executive Rick Wagoner and administer harsh medicine to Chrysler LLC, marking one of the most dramatic government interventions in private industry since the economic crisis began last year.
The administration's auto team announced the departure of Mr. Wagoner on Sunday. In a summary of its findings, the task force added that it doesn't believe Chrysler is viable as a stand-alone company, and suggested that the best chance for success for both GM and Chrysler "may well require utilizing the bankruptcy code in a quick and surgical way."
The move also indicates that the Treasury Department intends to wade more deeply than most observers expected into the affairs of the country's largest and oldest car company.
GET YOUR FREE REPORT:
The Lazy Way To Buy And Sell
Cars For Profit
The Obama administration used the threat of withholding more bailout money to force out General Motors Corp. Chief Executive Rick Wagoner and administer harsh medicine to Chrysler LLC, marking one of the most dramatic government interventions in private industry since the economic crisis began last year.
The administration's auto team announced the departure of Mr. Wagoner on Sunday. In a summary of its findings, the task force added that it doesn't believe Chrysler is viable as a stand-alone company, and suggested that the best chance for success for both GM and Chrysler "may well require utilizing the bankruptcy code in a quick and surgical way."
The move also indicates that the Treasury Department intends to wade more deeply than most observers expected into the affairs of the country's largest and oldest car company.
GET YOUR FREE REPORT:
The Lazy Way To Buy And Sell
Cars For Profit
Thursday, March 26, 2009
Tesla Model S
Tesla Motors announced details of the Tesla Model S electric vehicle today.
Here's the specs:
seven-seater
0 to 60 MPH in 5.6 seconds
top speed of 120 MPH
dashboard display and a 17-inch main touchscreen monitor
sports HD and satellite radio
LED and neon exterior lights
push button gear selector
160 miles per charge
$49,900 base price
Here's the specs:
seven-seater
0 to 60 MPH in 5.6 seconds
top speed of 120 MPH
dashboard display and a 17-inch main touchscreen monitor
sports HD and satellite radio
LED and neon exterior lights
push button gear selector
160 miles per charge
$49,900 base price
Sunday, March 22, 2009
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