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About Certified Pre-Owned VehiclesAs shoppers have streamed into dealerships to take advantage of unprecedented rebate and finance offers, a new type of vehicle has emerged: certified pre-owned vehicles. And while it really isn't all that new, and has always been a choice for used vehicle shoppers, certified pre-owned vehicles have now become a strong option for new vehicle buyers, as increasing numbers of late model vehicles are being turned in, tested, and certified for quality. But what exactly is certification? ...continue |
Ford's Sales Drop 27.9 Percent on High Gas PricesFord Motor Co.'s June sales drop 27.9 percent as high gas prices, sluggish economy take toll. ...continue |
Automakers, Analysts Expect June Sales DropIndustry analysts expected Chrysler and nearly all other major automakers except Honda Motor Co. to see big sales drops when June sales were announced Tuesday afternoon. ...continue |
Chrysler Plans Fewer Trucks, VansChrysler LLC will cut production at two Missouri factories, including shutting down a minivan plant, as the automaker tries to adjust to plunging U.S. sales, the company announced Monday. The Auburn Hills, Mich., automaker also has made plans to extend summer shutdowns at many of its assembly plants. On Tuesday, the company is to announce June sales results. ...continue |
MyGallons: A Prices-Fixed Price Gas Savings ProgramMyGallons.com announces an interesting consumer choice, purporting to allow Americans concerned with rising gas prices to seek relief via its fixed-price gas savings program. It claims to allow consumers to pre-purchase gas at today's prices. ...continue |
Analyst Sees 10 Million Fewer Cars by 2012Growing global demand and supply constraints will push oil prices to $200 a barrel and gas prices to $7 a gallon within four years, forcing 10 million U.S. cars off the road, according to Jeff Rubin, chief economist at CIBC World Markets. He believes that by 2012, "average miles driven will likely fall by as much as 15 percent, while the market share of light trucks, SUVs and vans will be literally halved." ...continue |
BMW 135i: A Nice Trip Back to the WellIt's always refreshing when a car company goes back to basics. Like BMW. Like the 135i coupe. ...continue |
Daimler Says No Signs Chrysler Will File for Chapter 11Daimler AG. said there are no signs that U.S. carmaker Chrysler, in which the former holds around 20 percent stake, will file for bankruptcy proceedings under Chapter 11 of U.S. laws. ...continue |
IRS Mileage Rates Raised: Deductible Increased By 8 CentsRecognizing the skyrocketing gas prices consumers are facing at the pumps, the Internal Revenue Service announced yesterday that it is raising the standard mileage deductible rate by 8 cents to 58.5 cents a mile, a rare midyear adjustment by the federal agency. The new optional rate goes into effect July 1 and is scheduled through the end of the year. ...continue |
Trucks Are Saving Fuel Through Bugged EnginesGlobal positioning devices attached to truck engines are helping lower fuel costs for rental customers, Florida's Ryder Systems said. The company, which has 120,000 trucks on the road, has offered customers a RydeSmart device, which tracks truck speeds and idling time. The system relays the information to a home office, so supervisors can tell drivers to slow down. Companies can also use the devise to track and streamline delivery routes. The president of the El Latino food company in Doral, Fla., RydeSmart has helped her reduce transportation costs 17 percent. ...continue |
General Motors Recharges on Future of Electric CarWhen GM pulled the plug on its unprofitable electric-vehicle program in 2000, it became known as "the company that killed the electric car." Now the company is betting big bucks-most of its current research-and-development budget that the internal-combustion engine's time is running out. By spearheading a new generation of electric automobiles, the beleaguered giant also is hoping it can reclaim from Toyota the title of world's top carmaker. ...continue |
Weak Dollar Bringing in BusinessThe weak U.S. economy -- reflected in the nation's currency -- does offer a bit of an upside. The U.S. dollar has lost so much value compared with the euro that European auto parts makers -- and even automakers -- are moving some of their purchasing, engineering and manufacturing to the United States, or countries with currencies closely tied to the U.S. dollar. ...continue |
Ford Says Employee Buyouts on the WayFord Motor Co. says a gathering of its plant managers and top union officials was told more employee buyouts are on the way for struggling U.S. automaker. ...continue |
Honda Starts Producing Next-Generation Fuel Cell CarHonda Motor Co. on Monday began producing a next-generation fuel cell vehicle that it hopes will propel zero-emission cars running on hydrogen closer to the mainstream. Japanese automakers are in a race to produce fuel-efficient, environmentally friendly vehicles amid soaring prices at the pump. Honda said it would set up the first network of sales dealers in the United States for fuel cell vehicles. ...continue |
A Helping Hand with CommutingNationwide, Americans are making lasting changes in their driving patterns as a result of sky-high gas prices, according to a recent survey conducted by The NPD Group, a Houston-based market research company. Many companies are helping them do so -- in the form of flexible work hours, rail or bus passes, and other programs that help take the stress out of commuting. ...continue |