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Ford caps orders on '11 Shelby Mustang GT500
Thu, 15 Jul 2010Time is running out to get a 2011 Ford Shelby Mustang GT500. More than 3,300 orders have been placed for the instant icon--arguably the best ‘Stang ever--and Ford is capping orders for this model year at 5,500. Do the math: That means 2,200 or fewer remain.
Some secured lenders object to quick sale of Chrysler
Mon, 04 May 2009A minority group of Chrysler LLC secured lenders has objected in bankruptcy court to the quick sale of Chrysler to a new corporate entity led by Fiat S.p.A. The group of about 40 banks and hedge funds holds about $3 billion of the $6.9 billion in secured loans that Chrysler has with the banks. Four major New York banks holding $4 billion of that debt agreed last week to settle for $2 billion in payment for the $6.9 billion owed.
One Lap of the Web: Remembering the dearly departed
Tue, 29 Apr 2014-- With news that Toyota is leaving the great state of California for the greater (by landmass, anyway; your own opinion may vary) state of Texas, it's worth reminding ourselves that Toyota in America started as one lonely building on 6000 Hollywood Blvd., having taken over a former Rambler dealership. (The site is still a successful Toyota dealership.) That first year of sales in 1958 saw 287 Toyopet Crowns and one Land Cruiser sold -- more as curiosities than as practical transportation, we'd wager. -- At any rate, Toyota's move from California to Texas is moving from "one of the most eco-friendly states in the union," according to Ward's Auto, "to the U.S.’s equivalent of China." -- Ten years ago today, the last Oldsmobile rolled off the line at Lansing Car Assembly.