Geneva Brings New 911 Turbo
2007 Porsche 911 Turbo
CarGirl: What Real Women Drive by Carol Traeger
Our battle of the sexes takes place on wheels.
GM Confirms $545 Million to
General Motors Corp. plans to spend $545 million
upgrading factories around
"GM's investments demonstrate our commitment to
continuously improve our products," said Spielman. "They also show our
dedication to strengthening our
Meanwhile, Michigan Governor Jennifer Granholm was
quick to hail the new investments. "GM's decision to invest more than a half
billion dollars in these manufacturing plants clearly signals their belief in
our highly skilled and dedicated workforce," Granholm said. "Because the
automotive industry is such an important cornerstone of our state's economy and
livelihood, we are thankful that GM has chosen to further invest in
"We want you
to know that your success - and we know GM will have success in turning it
around - is our success," she added. "There is no vision of
GM Slashes Exec Pay, Dividend by TCC Team
Still more "shared pain" could be in the offing, CEO Wagoner suggests.
Spy Shots: 2007 Ford Escape
Dinah Shore Chevrolet
The biggest change comes at the front end, where new large headlamps, which closely mimic those on the Ford Edge and restyled Expedition, sit atop a chunky new front bumper that looks significantly more square-jawed than today's Escape. The grille appears to shy away from the clean three-bar design of Ford's Edge and Fusion, in favor of a trucky look more like the F-Series pickups.
Spy Shots: 2007 Ford Escape by KGP Photography
Smoother flanks and an Edge-ier grille.
WJR Auto Report: Tundra Joins the Big Boys
In a market increasingly dominated
by imports, there's one segment still controlled by the Big Three. But maybe not
much longer, at least not if the 2008 Toyota Tundra connects with demanding
American full-size pickup buyers.
UnitedAuto Group (UAG), second
largest megadealer in the
Describing 2005 as an "outstanding year," for UAG, Penske forecast earnings of 53-57 cents a share in the first quarter of this year and $2.70-$2.80 a share for the full year, compared to $2.57 for 2005. The quarterly earning per share at the end of 2005 was 67 cents. UnitedAuto is the only publicly owned megadealer group with overseas stores. It has 171 franchises in 19 states, plus Puerto Rico, and 126 located internationally, primarily in the United Kingdom. Overseas revenues grew 7.5 percent last year outside the U.S., Penske said, adding that it remains highly focused on growing with luxury and import franchises both at home and abroad.
UnitedAuto Group sold 178,157 new retail cars in 2005, up 10.5 percent from 161,221 in 2004. Used retail sales advance to 81,437 from 76,305. Brand mix by revenues for new-vehicle sales last year was Toyota/Lexus, 22 percent; BMW, 15 percent; Honda/Acura, 15 percent; DaimlerChrysler, 12 percent; Ford, 9 percent; Audi, 7 percent; GM, 6 percent; Porsche, 4 percent; Nissan/Infiniti, 4 percent; others, 6 percent. -Mac Gordon
FROM THE SOURCE headlines from the latest press releases
According to the vehicle population report released by R. L. Polk & Co. today, 4.3 percent of total passenger cars and trucks were scrapped in 2005. This most recent overall motor vehicle scrappage rate represents a historic low, last set in 1949. The scrappage rate for passenger cars in 2005 was 4.5 percent, another record low. In addition, light-truck scrappage rates experienced a third straight year of decline at 4.1 percent in 2005. The median age of U.S. vehicles also increased across all major vehicle categories. Median car age was nine years in 2005, which continues a four-year record setting trend. For all trucks, the median age increased to 6.8 years in 2005. Light truck median age in 2005 increased to 6.6 years.
The Bob Bondurant School of High Performance Driving celebrates its 38th year of teaching the finer points of maximum car control Tuesday, February 14th. Since 1968, Bob Bondurant and his staff have been training anyone looking to improve their car control skills. His students have consisted of performance enthusiasts, executives and teens, as well as aspiring and current racers, including NASCAR and Indy Car drivers.
|American Axle & Mfr. Holdings Inc.||AXL||16.64|
|Ballard Power Systems Inc.||BLDP||5.26|
|DaimlerChrysler AG (ADR)||DCX||59.55|
|Dura Automotive Systems||DRRA||2.46|
|Ford Motor Company||F||8.30|
|General Motors Corporation||GM||21.92|
|Goodyear Tire & Rubber||GT||15.30|
|Honda Motor Co. Ltd. (ADR)||HMC||29.13|
|Johnson Controls Inc.||JCI||68.00|
|Magna International Inc.||MGA||72.23|
|Nissan Motor Co. Ltd. (ADR)||NSANY||23.30|
|Sonic Automotive Inc.||SAH||23.95|
|Sirius Satellite Radio||SIRI||5.64|
|Toyota Motor Corporation (ADR)||TM||106.86|
|TRW Automotive Holdings||TRW||25.93|
|Tower Automotive Inc.||TWRAQ.PK||0.064|
|United Auto Group Inc.||UAG||42.05|
|XM Satellite Radio Hold.||XMSR||24.64|