Culture Car News Auto Bailout Vote Could Come Today

Posted by admin Under Culture Car News on Monday Dec 29, 2008

Culture Car News

Congressional Democrats may have a $15 billion auto industry bailout proposal ready for a vote within 24 hours of yesterday. One Republican Senator has threatened a filibuster to prevent passage of the legislation, but it isn’t clear at this point whether his colleagues are willing to back up his words. White House and Congressional negotiators will spend today fleshing out the details of the bailout proposal.

Read More

ADD COMMENTS

Culture Car News

President-Elect Barack Obama has a new ride - General Motors is currently working with the Secret Service to build the 44th President a new fleet of high-tech bombproof limousines - but you can have his old one..

Read More

ADD COMMENTS

Culture Car News

Is your bumper-to-bumper commute leaving you listless? How about contributing to a social science experiment.

Read More

ADD COMMENTS

Culture Car News

As the automotive industry struggles with the worst sales figures seen in almost two decades, ridiculous deals have begun appearing. They’re typically short-lived, apply only to a handful of cars on one particular dealer’s lot, and cover only models that aren’t selling well. But they’re still jaw-dropping.

Read More

ADD COMMENTS

Culture Car News GM's Layoffs Claim Tiger Woods

Posted by admin Under Culture Car News on Monday Dec 29, 2008

Culture Car News

General Motors has laid off its highest-paid salesman in a cost-cutting move.

Read More

ADD COMMENTS

Culture Car News

For decades, automakers have used huge public events to unveil the next generation of automobiles, to test public reaction to sometimes wild “concept cars” that point toward possible future designs, to build hype and burnish their reputations with car enthusiasts. Major shows like those in Detroit, Los Angeles, New York, Chicago, Paris, Geneva and Tokyo cost tens of millions of dollars each and take all year to prepare.

Read More

ADD COMMENTS

Culture Car News

Okay, this deal is actually not available to most of our readers. Still, it’s worth mentioning for the sheer jaw-dropping fun of it: The U.K.’s Daily Mail reports, “Desperate car dealers today stunned experts by launching an extraordinary credit-crunch busting deal — buy one new car and get another completely free.” Details, with translation from the British: “With car sales plummeting, dealers have been driven to offer a supermarket-style deal of two £20,000 [that's about $31,345] saloons [sedans] the price of one in a bid to shift motors [cars] from their forecourts [um....dealership lots? Okay, we're just guessing now]. “Buyers can now snap up hundreds of Dodge Avenger SXT 2.4i saloons equipped with leather seats and climate control as dealers sell them off at a loss..

Read More

ADD COMMENTS

Culture Car News

Sing it with us now: Saaaaaved by Zeeeeeeero..

Read More

ADD COMMENTS

Culture Car News

For many years, auto enthusiasts have been able to take their cars to race tracks for “track days” and high-performance driving schools, and rely on their ordinary car insurance to cover any accidents that occur on the track. Those days, apparently, are over.

Read More

ADD COMMENTS

Culture Car News

Gas prices have been in a downward slide for more than 40 days, but they are expected to rise through Labor Day weekend as Tropical Storm Gustav approaches the gas-refining region of the Gulf of Mexico. Forbes reports, “Analysts say any damage to oil and gas facilities - especially along the vulnerable Gulf Coast - could send retail gas prices spiking back above $4 a gallon.” The national average price of a gallon of regular this morning hovered around $3.66, down from “the all-time high of $4.114 a gallon reached last month. But if Gustav does major damage to supplies, consumers could see that record shattered.” Tim Kloza of the Oil Price Information Service tells Forbes, “If we have a Katrina-type event, you’re talking about gas prices going up another 30 percent.”

Read More

ADD COMMENTS