Daily Auto News Automotive Bailout Funds May Come Too Late

Posted by admin Under Daily Auto News on Tuesday Oct 28, 2008

Daily Auto News

Though congress has voted to send a life preserver (in the form of a $25 billion loan program) to the drowning U.S. automotive industry, the effort might be too late. The Washington Post reports, “A $25 billion loan program rushed through Congress to revive the nation’s ailing domestic auto industry may not deliver any money to Detroit for more than a year, federal officials said, prompting concern that the cash may come too late to prop up one of the country’s most important manufacturing sectors..

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Daily Auto News NBC Decides Not to Hassel the Hoff

Posted by admin Under Daily Auto News on Tuesday Oct 28, 2008

Daily Auto News

Yeah, we know David Hasselhoff has little to do with the new Knight Rider, and in the new series KITT has gone from being a Trans Am to a Ford Mustang with a serious body kit addiction, but that hasn’t stopped NBC from ordering a full season of the show. Jalopnik says the decision means “a complete season of awful green-screen effects, lackluster writing, unimaginative story arcs and blatant male demographic pandering..

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Daily Auto News Kerkorian? Do you Mean Kevorkian?

Posted by admin Under Daily Auto News on Tuesday Oct 28, 2008

Daily Auto News

The rumors of a Chrysler/GM merger may be the best thing Ford has heard in a while, as they’ve largely drowned out the news that the big blue oval is losing one of its biggest investors. Edmunds Inside Line reports “Kirk Kerkorian, the billionaire investor and gaming magnate who has dabbled for years in the stocks of U.S. automakers, said Tuesday that his Tracinda Corporation has begun dumping its shares of Ford Motor Company.” Under the headline, “Kerkorian’s Ford Stake Goes the Way of the Pinto,” the New York Post adds, “The surprise slap hit the legendary investor after he hopped onto a beat-up Ford this spring - his third recent big gamble on an automaker - in hopes of shaking more cash from a Detroit money tree. Instead, he lost his shirt..

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Auto news; 2009 BMW 7-Series: Gadget Freak

Posted by admin Under Daily Auto News on Thursday Oct 23, 2008

Auto news; 2009 BMW 7-Series: Gadget Freak We’ve told you about why its styling erases the bad memories of big Bangle butts, and shown you acres of photos of its newly reinvigorated shape. But before we unleash our final verdict on the 2009 BMW 7-Series here at TheCarConnection.com, there’s one final post that has to be, er, posted. It’s all about the breathtaking amount .. Read More

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Auto news; 2010 Ford Mustang: Life Beyond the Powerdome

Posted by admin Under Daily Auto News on Thursday Oct 23, 2008

Auto news; 2010 Ford Mustang: Life Beyond the Powerdome  Okay, so Ford is being quite coy with this, its latest reveal of the 2010 Mustang’s sheetmetal. In this shot we see a crease on the Mustang’s powerdome, lending its hood more flair than the 2008 Ford Mustang that sports three character lines running the length of the hood from lip to cowl. The Mustang is the ponycar that .. Read More

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Auto news; Nissan Cuts 2009 Altima Production For North America Detroit News reported that Nissan Motor Co. will be cutting production of its popular 2009 Altima sedan, built in its Smyrna, Tennessee and Canton, Mississippi assembly plants. Steve Parrett, Nissan North America spokesman, explained that employees in both plants will take three successive Fridays off without pay: Oct. 17, 24, .. Read More

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Auto news; Nissan Competes For Stake In Chrysler

Posted by admin Under Daily Auto News on Thursday Oct 23, 2008

Auto news; Nissan Competes For Stake In Chrysler A report from the Detroit News today indicates that Nissan, which has been allied with Renault since 1999, is interested in acquiring approximately 20 percent of a struggling Chrysler. The move puts pressure on the Chrysler/GM negotiations, and would result in a very different Chrysler than the one GM intends to subsume. The .. Read More

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Auto news; Cadillac Recalls SRX for Shifter Interlock

Posted by admin Under Daily Auto News on Thursday Oct 23, 2008

Auto news; Cadillac Recalls SRX for Shifter Interlock Yet another reason to engage that parking brake routinely, even if you do drive an automatic; Cadillac announced a recall of 17,301 SRX SUVs due to a defective shift-brake interlock. The defect allows the gear selector lever for the automatic transmission to be moved out of park without the brake pedal depressed. This scenario .. Read More

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Auto news; 2009 BMW 335d: First Drive

Posted by admin Under Daily Auto News on Thursday Oct 23, 2008

Auto news; 2009 BMW 335d: First Drive We’re sounding like a diesel cheerleading squad of late–Colin Mathews is jittering with jealousy just reading this, he’s such an oil-burner freak–but there’s all sorts of reasons to get excited about the new crop of clean diesels. Audi and VW have their TDI cars and SUVs on sale or ready to roll, and Mercedes has pumped up .. Read More

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Auto news; Jalopnik Names Top 70 Lemons in Texas 24 Hours of LeMons God bless the irreverant folks at Jalopnik, obsessed as they are with the Cult of Cars. They might occasionally resort to dramatic headlines about, say, urea injection, but their top 10 (or top 70, in this case) lists are simply brilliant. We snagged a couple of our favorite pics from their coverage of the The 24 Hours of LeMons .. Read More

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