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The Obama Administration initially wanted Nissan-Renault CEO Carlos Ghosn to run GM after Rick Wagoner was ousted in 2009, and repeatedly pressed Fiat to put up cash for a stake in Chrysler, according to an upcoming book about the government bailout of General Motors and Chrysler. Steven Rattner, President Obama's auto adviser who steered the government's $85 billion bailout of GM and Chrysler, is about to publish a tell-all account about his six-month stint inside the White House. The Detroit News, Washington Post and Huffington Post obtained draft copies of the book--"Overhaul: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry." It is scheduled to be published Oct.Mon, 26 Sep 2011 00:00:00 -0700
Since the joint venture between Toyota and Subaru was announced in 2009, we've seen four concept cars from Toyota of its version, the FT-86/Scion FR-S. But barring some unfortunate-looking Impreza based engineering mules, we've yet to see the Subaru edition. That situation didn't change at the recent 2011 Frankfurt Motor Show, where Subaru once again exhibited the rear-drive platform of what we now know will be called the BRZ with a transparent bodyshell rather than production panels.Thu, 15 Oct 2009 00:00:00 -0700
First, it was the hurricane-damaged used cars flooding the market. Now, it’s the clunkers turned in--and supposedly junked--as part of the federal Cars Allowance Rebate System “cash for clunkers” program. Following Hurricane Katrina, cars declared as total losses in one state were able to get clean titles in other states and were resold to unsuspecting consumers.
“Mostly new some used parts”