July New Auto Sales Boosted by Higher Incentives

U.S. new car sales rose 5% in July compared with July 2009, in part because of slightly higher incentives.

Posted in In the News

2011 Ford Edge will be Priced $200 Below Current Model

Ford Motor Company on Tuesday announced that it will lower the price of its 2011 Edge crossover by $200 compared with the current model. Ford said the starting price for the restyled vehicle will be $27,995 including shipping.

Posted in In the News

2011 Subaru Impreza WRX – Lots of Punch in a Wider Package

Subaru Motor Company has given its 2011 Impreza WRX new body styling, a tighter subframe, quad exhaust outlets and wider wheels and rubber.

Posted in In the News

Power Steering Problems Force Mazda to Recall 2007-2009 Mazda3 and Mazda5 Models

Mazda Motor Company has announced the recall of more than 200,000 2007-2009 Mazda3 and Mazda5 vehicles in the U.S. to fix defective power-assist steering pumps and pipes.

Posted in In the News

Hyundai Ranks No. 5 Among Kelley Blue Book's Most-Considered Brands

In July, Korean automaker Hyundai Motor Company ousted Nissan Motor Company from fifth place in Kelley Blue Book’s (KBB) list of most-considered new car brands by U.S. consumers. KBB’s second-quarter Brand Watch report marks the first time Hyundai has placed in the top five.

Posted in In the News

Ford Motor Company to Resurrect Classic Boss Mustang for 2012

Ford Motor Company has announced plans to resurrect its classic Mustang Boss 302 in 2012. The new model will be based on the Mustang GT and Boss models of the late 1960s and early 1970s.

Posted in In the News

New Bureau of Consumer Financial Protection to Simplify Consumer Auto Loan Forms

In a statement issued Thursday, Treasury Department spokesman Matthew Anderson said the newly created U.S. Bureau of Consumer Financial Protection (BCFP) will seek to simplify consumer auto loan forms in the coming months.

Posted in In the News

Saab Lineup to Grow Under Spyker Ownership

Victor Muller, Spyker Cars N.V. founder and Saab Automobile AB chairman, says his plans are to return Saab to profitability by 2012. The model lineup will grow along with the company’s U.S. headquarters in Royal Oak, Michigan.

Posted in In the News

New Honda Civic Now Expected in 2012

Honda will not launch its next-generation Civic until 2010.

Posted in In the News

Whitacre to Step Down as GM’s CEO on September 1

General Motors’ chairman, Ed Whitacre, will step down as the company’s CEO on September 1. Whitacre became the company’s interim CEO on December 1, 2009 when Fritz Henderson was asked to step down

Posted in In the News

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