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Wagoner Gone. Warranties Guaranteed. Bankruptcy: Inevitable

March 31, 2009

DETROIT - Fritz Henderson, General Motors’ new chief executive officer, noted he has worked for the automaker for 25 years and that Rick Wagoner is/was his mentor. His management style is cut from the same cloth as his…

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GM bondholders brace for ‘pennies on the dollar’ offer in revised plan

March 31, 2009

General Motors bondholders on Tuesday braced for a reduced offer of “pennies on the dollar” for about $28 billion in outstanding GM debt and new terms for a swap under a revised survival plan.

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Honda to cut North American production, pay

March 31, 2009

Honda Motor Co. said Tuesday it would cut production in North America by 62,000 vehicles by shutting down factories for 13 days starting in May and reduce pay for salaried and factory workers.

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Obama hasn’t changed thinking on GM, Chrysler, White House says

March 31, 2009

President Barack Obama’s thinking on the crisis facing General Motors has not changed since Monday, a senior administration official told Reuters on Tuesday.

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Mercedes-Benz unveils 2010 E63 AMG

March 31, 2009

New Mercedes E63 is a clear alternative to BMW M and Audi S models.

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General Motors Death Watch 240: 59 Days to C11

March 31, 2009

Many auto industry observers have lauded President Obama’s decision to defenestrate GM CEO Rick Wagoner and his Board of Bystanders. Their logic is as simple as one, two, three. One: U.S. taxpayers have “loaned” The General billions of dollars. Two: GM’s management failed to provide a viable viability plan to return the money. Three: the presidential putsch protects America’s “investment” in General Motors. Yes, well, protect THIS. When GM files for bankruptcy 59 days hence, $17.4b to $19.5b worth of taxpayer money will disappear down a rathole, never to return. That’s a conservative estimate of the total amount of federal “loans” and grants and God knows what that will be wiped out the moment the judge signs GM’s C11 papers. Oh, and after we kiss that cash goodbye, U.S. taxpayers will provide the cratered carmaker with debtor-in-possession financing. In other words, more money. And who’s to say that money will [...]

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Comparing car buyer protection plans

March 31, 2009

Hoping to turn around plummeting sales in a faltering economy, Ford and General Motors announced new incentives Tuesday similar to a program introduced by Hyundai early in 2009.

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eBay Find of the Day: 2006 Lamborghini Gallardo - Some assembly required

March 31, 2009

Filed under: Aftermarket, SEMA, Sports/GTs, Auction Action, Supercars, Lamborghini

Lamborghini Gallardo exploded-parts-diagram eBay find - Click above for a gallery
The shell of the Lamborghini Gallardo that was gutted to make the bizarre Ford-Mustang-meets-Lamborghini Tractorri showcar is for sale on eBay.
The orange bull is laid out like Humpty Dumpty for some well-heeled Alice - or Alistair - to put back together again. The only thing is you’ll need to find a new engine, driveline, suspension, interior, and electronics among other things, since they were all used for the SEMA car. Or, you could just pick up the innards of a Mustang and make the inverse of the Tractorri — the Mustardo, perhaps? You can bid at the link, or just have a look at the exploded-parts-diagram gallery below. Thanks for the tip, Jake!

Gallery: Tractorri Gallardo Parts

Gallery: Tractorri Lamborghini Mustang

[Source: eBay]
eBay Find of the Day: 2006 Lamborghini Gallardo - Some assembly required [...]

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Daily U-Turn: What You Missed for 3.31.09

March 31, 2009

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First Drive: 2010 Hyundai Genesis Coupe It targets class-leading rear-wheel coupes offered by Infiniti and BMW, not to mention some Detroit 3 muscle.

Incentive Program ComparoGM Total Confidence vs. Ford Advantage vs. Hyundai Assurance.

2010 Mercedes-Benz E63 AMG leaked ahead of NY Auto ShowMerc brings the Hammer back with this 518-hp super saloon that can reach 186 mph.
Other news of import

2010 Subaru Legacy revealed!
Cerberus losing Chrysler stake to get bailout
IRS: Deductible Sales Tax for new autos now official
Half [...]

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Visteon gets bank waiver after auditor warning

March 31, 2009

Visteon Corp. said on Tuesday that lenders had granted the auto parts maker temporary waivers on credit facilities after auditors, as expected, raised significant doubt about its ability to continue as a business. Visteon, spun off by Ford Motor Co.

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