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GM Sales Sink 33.6%

June 30, 2009

“Retail improvements reflect increasing consumer confidence in GM’s long-term viability: Compared with May, 20 percent jump in cars, 13 percent boost in crossover deliveries.” Sure. I believe that. Consumers bought GM products because they thought, yup, New GM is here to stay! You know; when it gets here. Meanwhile, what the hell. We’ll buy a [...]

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Toyota June Sales Fall 34.6 Percent

June 30, 2009

Toyota’s sales last month fell 34.6 percent, moving 131,654 units. Bread-and-butter Camry and Corolla sales were down 39 and 54.6 percent respectively. In contrast to calls by the media and government for greater efficiency, sales of the frugal Yaris were down 40 percent, although Prius sales increased 6 percent to nearly 13,000 units. Scion nameplates [...]

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GM: Don’t Buy and Say Goodbye

June 30, 2009

Straight from the horse’s mouth:
GM management has noticed the continuing high trading volume in GM’s common stock at prices in excess of $1. GM management continues to remind investors of its strong belief that there will be no value for the common stockholders in the bankruptcy liquidation process, even under the most optimistic of scenarios. [...]

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Chrysler Sales Tumble 42 Percent In June

June 30, 2009

But, like Ford, Chrysler is talking retail. As in Chrysler increased “retail market share more than 1 percentage point compared with June 2008.” Actually retail sales declined 16 percent, and combined with a 95 percent drop in fleet sales (despite selling nearly 3k vehicles to the feds in a single go), Chrysler’s overall sales are down 42 [...]

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June SAAR 9.7m with 75% reported

June 30, 2009

Expected around 10m … depending on who was doing the expecting.
GM down 33.6 percent in June.
Update follows

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Chrysler Financial will cut about 350 jobs

June 30, 2009

Chrysler Financial will cut about 350 jobs and close a customer service center near Kansas City due to tight credit and weak car sales, the financial services firm said Tuesday.

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Tesla’s Musk to stay CEO through Model S launch

June 30, 2009

Tesla Motors CEO Elon Musk said Tuesday he will remain in the company’s top job at least through the 2011 launch of its second model, an electric sedan known as the Model S.

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Cadillac SRX vs Lexus RX350 Comparison Test: Can GM’s Best Topple Lexus?

June 30, 2009

The crossover battle continues between the 2010 Cadillac SRX and the Lexus RX350. We take the two for a full-fledged comparison. Here are the results.

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Cadillac SRX vs Lexus RX350 Comparison Test: an GM’s Best Topple Lexus?

June 30, 2009

The crossover battle continues between the 2010 Cadillac SRX and the Lexus RX350. We take the two for a full-fledged comparison. Here are the results.

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IL Track Tested: 2009 Honda Civic Si Sedan

June 30, 2009

Inside Line tests hundreds of vehicles a year, but not every vehicle gets a full write-up. The numbers still tell a story, though, so we present "IL Track Tested." It's a quick rundown of all the data we collected at the track, along with comments direct from the test drivers. Enjoy.
It was one of the original performance hatchbacks and it has survived for more than two decades in various states of tune. Offered for the first time as a sedan in 2006, the Honda Civic Si has been largely overshadowed by the more powerful sport sedans from Mitsubishi and Subaru.
Sure, they're faster, but they're also heavier and more expensive. The Civic Si remains one of the few lightweight performance cars that makes the best of a high-revving four-cylinder engine. In this case, it's a 197-horsepower 2.0-liter with dual overhead cams and Honda's i-VTEC system.
All Civics received [...]

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