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Monthly Archives: August 2011
Ohio governor interested in auto investment
Ohio Governor John Kasich recently met with leaders of Ford, Chrysler and General Motors, in hopes of seeing the companies invest and create jobs in the Buckeye state, according to the Detroit Free Press. Continue reading
Posted in Auto Industry News, Auto Loan
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Survey: Consumers hanging onto old cars
A recent survey by the American Automobile Association found that approximately 50 percent of drivers are hesitant to purchase a new vehicle, due to the high costs of a transaction. Continue reading
Posted in Auto Industry News, New Car Loan
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GM, LG agree to partnership
General Motors recently announced a partnership with LG Group to create electric vehicles, and this is the next step in a partnership which spurred the creation of battery cells for electric vehicles such as the Chevrolet Volt and Opel Ampera. Continue reading
Posted in Auto Industry News, New Car Loan
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Saab’s time could be short
If Swedish automaker Saab is unable to pay its workers in the next two weeks, the two unions that represent a majority of the company’s workers may request a court-ordered bankruptcy, according to the Detroit Free Press. Continue reading
Posted in Auto Industry News, Used Car Loan
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Ford to open Louisville plant
Ford will reopen its plant in Louisville, Kentucky, in order to build the Escape sport utility vehicle, and the location will have approximately 2,800 employees, according to The Louisville Courier-Journal. Continue reading
Posted in Auto Industry News, New Car Loan
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UAW, Ford argue over pay
The contract between United Auto Workers and Ford is set to expire one day before an arbitration hearing between the two organizations, according to the Detroit Free Press. Continue reading
Posted in Auto Industry News, Finance
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Ford ends Crown Victoria run
One of the most iconic Ford models, the Crown Victoria will be removed from the production lines for good, despite not being available for customers since 2008, according to the Detroit Free Press. Continue reading
Posted in Auto Industry News, Special Finance
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Toyota unveils new Camry model
Akio Toyoda, the president of Toyota Motor Corp., recently helped unveil the new 2012 Toyota Camry, as the company noted its intention to market the vehicle to a younger crowd, according to the Detroit Free Press. Continue reading
Posted in Auto Industry News, New Car Loan
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Report: Number of car dealerships increases
A recent report by Urban Science showed that the dealership network in the United States increased this year for the first time since 2001 – a total rise of 4 percent. Continue reading
Posted in Auto Industry News, Used Car Loan
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Analyst: New Honda Civic hybrid is sensible
Honda’s answer to the Toyota Prius is a refreshing take on the hybrid, and it may be more attractive to those who prefer a car-like feel when driving, according to Alex Taylor, the senior-editor-at-large for Fortune Magazine. Continue reading
Posted in Auto Industry News, New Car Loan
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