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  • Brace for impact - Car sales plummet

    While the national attention has been focused on the roller coaster ride on Wall Street and bailout debates in Washington, the automotive industry has been reeling from the impact of the economy. The September sales figures are in, and the news is dire. Number watchers, and general domestic pessimists...
    Posted to autoMedia Auto News Blog (Weblog) by admin on 10-01-2008
  • Viper for Sale – The Whole Business

    Ever wish you had a Dodge Viper? Well, you could buy the whole business. Chrysler has announced it is exploring “options” for Viper. In other words, it is desperately seeking ways to turn around the corporation and Viper is on the table. “While this is a strategic review, our intent would be to offer...
    Posted to autoMedia Auto News Blog (Weblog) by admin on 08-27-2008
  • Chrysler Cuts Back on Leases

    With elevated gas prices causing freefall depreciation on large passenger vehicles, several manufacturers having announced withdrawal from leasing or significant restrictions, including Ford, General Motors, and now Chrysler. At the core, these automakers, and likely others, will be cutting back on lease...
    Posted to autoMedia Auto News Blog (Weblog) by admin on 07-30-2008
  • Car Sales Reaching the Lowest Levels Since 1993

    It can’t be ignored that on the same day J.D. Power and Associates spreads doom about light-vehicle sales being expected to drop to the lowest levels since 1993, Chrysler announces it will cut 1,000 salaried positions by September. Dark days indeed. The JDP memo marks a forecast revision, reducing its...
    Posted to autoMedia Auto News Blog (Weblog) by admin on 07-23-2008
  • Study: Fuel Prices Hurt New-Car Appeal

    Motorists are less delighted with their new vehicles this year, compared to 2007, based on J.D. Power and Associates’ 2008 Automotive Performance, Execution and Layout (APEAL) Study. The study, now in its 13th year, measures owner delight with the design, content, layout and performance of their new...
    Posted to autoMedia Auto News Blog (Weblog) by admin on 06-26-2008
  • Chrysler Extends $2.99 Gas Guarantee

    Chrysler has extended Let's Refuel America $2.99 gas guarantee incentive program to July 7 due to the success experienced in May. Thus far, the highest take rates have been on the new Dodge Journey crossover, Dodge Caliber, Dodge Avenger, and Chrysler Sebring sedan. Response has been greatest in...
    Posted to autoMedia Auto News Blog (Weblog) by admin on 05-21-2008
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