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Last Updated: Jan 30th, 2005 - 16:19:56 |
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GM Debuts Hummer H3
General Motors officially took the wraps off its successor to the surprisingly popular Hummer H2 this week at the California Auto Show in Anaheim. The Orange County city home to such things as Mickey, Goofy, Angels, and Mighty Ducks welcomed an entirely different kind of beast to their convention center: the Hummer H3, the smallest Hummer to date. With gas prices ever-threatening to skyrocket and H2 sales all-but collapsing as its “fad period” passes, the new “baby Hummer” could not have come at a better time. And with all of the large SUVs seen lumbering around “the OC,” the debut location could not have been more appropriate.
Oct 29, 2004, 22:42 - [ Discuss this story ]
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August a Tough Month for Automakers
The nation’s top two automakers reported down sales for the third straight month today, according to Reuters. General Motors and Ford both saw demand for their aging lineup of cars slip 7 percent and 5.9 percent, respectively, as consumers continued to shift toward rival Chrysler and the foreign brands.
Sep 2, 2004, 11:54 - [ Discuss this story ]
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Ford’s Luxury Brands Down, Saturn Vue Upside Down
The strength of European currencies compared to the US dollar appears to be having a very negative impact on the financial health of Ford’s Premier Automotive Group, also known as Jaguar, Aston Martin, Land Rover, and Volvo. The UK-based company has reported substantial losses thanks to the exchange rate of the pound sterling, substantial development costs at Land Rover, and labor costs at Jaguar. Also... GM has announced a recall of 246,433 Saturn Vue SUVs because of a defect in the suspension that could cause a rollover.
Aug 6, 2004, 01:20 - [ Discuss this story ]
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Sales Up in July, Imports Continue to Grab Share
After an unexpectedly slow month in June, new car sales in the United States rebounded sharply in July. Seasonally adjusted sales for the month came in at 17.3 million units compared to 15.4 million in June, though still slightly behind May’s 17.8 million. Like months past, the biggest winners were import brands while domestic brands continue to watch their collective share of the market slip. According to Autodata Corp., Asian makes boosted their collective share to 35.3% of the market in July, a 2.1-point improvement and just .1 point away from a monthly record.
Aug 4, 2004, 01:22 - [ Discuss this story ]
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Honda Plays Incentives Game
As American car companies continue to up their incentives per vehicle to draw in customers, many automakers thought to be immune from the incentives cancer are being drawn into the game. The latest example is Honda Motor Company, which not long ago laughed at the idea of paying people to buy their cars as people lined up outside dealerships for such hot models as the Odyssey minivan and Acura MDX luxury-SUV.
Aug 2, 2004, 23:46 - [ Discuss this story ]
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