Berlin — All three bids for General Motors Corp.'s Opel unit have shortcomings and a bankruptcy filing might still be a better option, Germany's economy minister was quoted as saying Sunday.
Read the original here Report: German minister says Opel bids fall short
This week’s #carchat was well-attended, despite the finale of American Idol. Honestly, I haven’t seen one episode of Idol — ever — so totally understand why some of us car people can get together for a different sort of pursuit on Wednesday nights! Topics covered: Discussion : How can I drive more efficiently, now? Discussion : Will emissions standards strangle… Read the rest
General Motors Corp. borrowed $4 billion in additional federal aid Friday, which is $1.4 billion more than originally requested, to avoid running out of money, the automaker said late today in a regulatory filing.
Read the original here GM gets $4B in new federal aid
Here’s an ominous observation we stumbled across on the New York Times website – want to have a stab at what all those map points are for? Number of Hummers for sale across the US? The location of every unused flight ticket to Mexico in the last month? Nope. Each one of those little markers represents a
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While Chrysler touts the benefits of “quick-rinse” bankruptcy — something GM is expected to soon enter into as well — Ford is in the middle of one of its most aggressive new product roll-outs in years.
Read the original here Ford aims to woo GM, Chrysler buyers
General Motors bondholders risk being blamed for forcing the automaker into bankruptcy court now that the UAW has tentatively agreed to concessions 11 days before a government restructuring deadline.
Read the original here GM, UAW cut concessions deal; bondholders have until Tuesday to decide
This is the first time we have covered the Aptera 2e here in the pages of rightpedal. This is partly because we have not quite known what to think of the three-wheeled lovechild of a small airplane and a motorcycle. Thanks to Jay Leno, we now have a better idea of the Aptera is all about. In fact, as… Read the rest
Mecum Auctions just wrapped up their 22nd annual Spring Classic last weekend in Indianapolis and Corvette sales were rather brisk during the five day event. We counted 146 Corvettes available on the docket with 68 selling for a total of $2,879,150 and a sales success rate of 46%. Those are fairly strong numbers considering the economy. [More]
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Washington — The Obama administration said today it would set aside $50 million in federal stimulus money for worker retraining in communities hit by auto industry layoffs.
Read the original here White House offers $50M to auto communities
Volkwagen’s been one busy company lately. They’re revamping their entire Golf lineup to improve refinement and reduce overall build cost as they transition to the MKVI, and the latest update is to the Golf Estate – known in the US as the Jetta Wagon. The updates are pretty minimal, to be honest. The front end has been swapped for… Read the rest