US auto giant General Motors has officially announced the repayment of its $5.8 Billion loan by the end of June ‘10. The loan is from the U.S Treasury and Export Development Canada, both of which currently hold Equity Shares in the company.
The company that emerged from bankruptcy in July 2009 also stated that once the repayments are complete “the focus will be to upgrade the plants in Detroit and Kansas to build their Next Generation- Chevrolet Malibu.”
The news of the repayment was made on the Wall Street Journal website on Tuesday April 20th by the CEO of GM, Ed Whitacre, as he announced “Our ability to pay back these loans less than a year after emerging from bankruptcy is a sign that our plan for building a new GM is working.”
The Detroit- Hamtramck and Kansan City factories will be updated with an investment of $ 275 million. The update will enable the plants to manufacture the Next Generation Malibu slated for release next year. On Wednesday, Mr.Whitacre addressing the Kansas City plant said that it will receive $136 million of the investment as the plant will be the prime manufacturing site for the Malibu.
As per the Automotive News Data Center, the new Chevy Malibu has a 53 day supply and Buick LaCrosse a 43 day supply, and the Kansas plant is working 3 shifts and on Saturdays to build both the cars which began production in April to maintain a 60 Day supply level as recommended by analysts.
The Buick Lucerne and Cadillac DTS sedans currently being produced at the Detroit Hamtramck plant will be downsized this year to accommodate the production of the Chevrolet Volt plug-in sedan, to be released in the fourth quarter of ’10. The Hamtramck plant investment of $121 will assist in the production of the Malibu in period of spike in demand.
The most awaited and important event on China ‘s automotive calendar is just nearing. The Auto China 2010 will begin Friday, April 12, in Beijing . And almost all the automakers, both domestic and global, have said what they will put on display. And Of course each and everyone of the automakers is vying for its share of the limelight. This may be the toughest contest of the year for the Geely Holdings and General Motors Company. Both of these two companies will display more on their products in the show more than other automakers.
And in detail, Geely Holdings will display almost 39 models of their products and General Motors will display 28 products. They will also show more new models than most other automakers. Geely says it will put 11 all new models on stage at the event. Meanwhile General Motors has announced it will show 6 new models for the first time in front of a Chinese audience.
The General Motors vehicles are Chevy Volt MPV5 concept, the Cadillac Concept, the Cadillac XTS concept, the Chevy Aveo RS concept, the two-box Chevy New Sail and the new Chevy Spark. Last week Geely held an event in Beijing with several company executives taking turns to explain to reporters the long list of new models and power train technologies their company will display at the show. General Motors China convened reporters from across the country in Shanghai for a briefing on its middle and long term growth plans for China .
For sure, Geely Holdings didn’t start making cars until the late of 1990s. So it goes without saying that it still can’t mount serious competition for General Motors. With most of its products selling less than 70,000 yuan ($10,248), the company still confines itself to the low end of the domestic market. This will change very soon. In addition to rolling out more expensive models under its own brand, the private Chinese company wants to launch more Volvo models in China after it completes the purchase of the Swedish brand from Ford Motor Co in the third quarter.
With a brand that is now a byword for excellence in safety in its stable, Geely holdings should become a rival to reckon with for global players including General Motors.
Well, the car really isn’t advertised in dollars, but rather in Indian Rupees (Rp132,750 to be exact)! Nissan has announced it’s plan to produce three cars, over the next few years, that will rival the Tata Nano (which sells for $2,500), in India. The first vehicle will be the Micra Compact, and, by the year 2013, all three new models, plus three imported Nissan models, will be on the Indian market and Nissan plans to sell around 100,000 units a year (which is a BIG step up from the 360 units that were sold this past year)!
Personally, I know that I can not wait to take a look at this car after its production; hopefully Nissan will have a model here in the states for us to take a look at!
Okay, so here is the skinny: the Renault-Nissan Alliance and Daimler AG are combining forces to craft an ultimate strategic cooperation. The Renault-Nissan Alliance is already the most successful partnership in the automotive industry with revenues over 86.5 billion Euros in 2009, a footprint in over 190 countries, and an employment of over 350,000 people world-wide. And Daimler is just as successful in the automotive industry, as well as a huge player in the financial sector. But despite each company’s individual achievements, they both found an advantage out of partnering-up: “Daimler and the Renault-Nissan Alliance are combining common interests to form a promising foundation for a successful, strategically sound cooperation that is based on a number of very concrete and attractive project cooperations. Our skills complement each other very well. Right away we are strengthening our competitiveness in the small and compact car segment and are reducing our CO2 footprint – both on a long-term basis. We know that we can make brand-typical products based on shared architectures. The individual brand identities will remain unaffected.”, said Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and head of Mercedes-Benz Cars.
The cooperation will highlight the following four projects:
- New common architecture for small vehicles
- The launches for the jointly developed models will take place in 2013.
- Both are going to focus on sharing each other’s highly fuel-efficient, diesel and gasoline engines.
- Collaboration on light vehicles
- Mercedes-Benz Vans will add a new entry-level vehicle in 2012 that will produced at the Renault plant in Maubeuge, France. Both companies will benefit from higher sales, more efficient capacity utilization, and a joint investment burden – which will result in a healthier overall cost basis.
- Equity exchanges
- The companies are going to exchange, benchmark and create synergies from their one-time cross-shareholding structure. Daimler will get 3.1% of Renault’s newly issued shares and 3.1% of Nissan’s existing shares; and Renault and Nissan will both receive 1.55% of Daimler’s shares.
After all is said, the main goal of this cooperation is to: “…create lasting value for the Renault-Nissan Alliance and Daimler as we work on broadening and strengthening our product offering, efficiently utilizing all available resources and developing the innovative technologies required in the coming decade.” – Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance.
As the arrival of Nissan’s electric car, the LEAF, approaches, many people are concerned about how to get their hands on one. We all know that there is a reservation process that needs to be done in order to purchase one, but just how does one go about doing that? Well, I am here to tell you to worry no more! I am going to explain all of the tips and tricks to reserve your space in line!
First and Foremost: Reservations are open to the public on May 15th, 2010.
Step #1: To being your Nissan LEAF Customer Journey Reservation Process, you need to go onto the Nissan LEAF website, http://www.nissausa.com/leaf-electric-car, to create an account.
Step #2: You need to complete the New Driver Snapshot (everything about this will be explained on the website)
Step #3: Create and configure your very own Nissan LEAF in the New Driver Snapshot
Step #4: Lock in your reservation through a reservation fee, which will be found on the reservation payment page
Things to remember:
1 – You can only place a reservation on the LEAF if you have created an account on the Nissan LEAF website.
2 – There is only one reservation per customer! If you try to create more than one entry, your name will be removed from the system. Similarly, only one reservation per address will be accepted.
3 – Reservations are meant to be solely for the individual reserving the LEAF. The reservation can not be transferred, traded, assigned, or sold.
4 – Nissan reserves the right to cancel any reservation that does not comply with the procedures outlined above.
Stop by Windsor Nissan for more information and details on how to reserve your very own Nissan LEAF!
I think it is safe to say that we have all been bored to tears by the word, ‘recession’. So, today, I am here to speak of the word, ‘growth’. Over the past few months Nissan has increased its sales, and kept its mark as #6 in auto sales in the United States. Nissan was able to do so by a strategic move to increase advertising, instead of increasing discounts. By increasing advertising Nissan was, and is, able to make more people aware of its vehicles (which = more potential customers). Advertising also gives Nissan the opportunity to share the vision of its company with the world – giving people the chance to connect with the company on a more intimate level (which also increases potential customers).
I am pleased to announce that Nissan plans on keeping this tactic of advertising, instead of increasing discounts, for some time to come! By doing this, Nissan’s market share should grow from 7.2% to 7.7% within the year’s end, and its March sales should be up 35% from last March.
Windsor Nissan is proud to be a Nissan dealer, no matter what type of economic standing America and the rest of the world is in! Inventory is at an all time high due to Nissan’s great lineup of vehicles, competitive lease programs, low finance rates and its friendly service and calming atmosphere.
To note: reservations for Nissan’s LEAF (coming out in December) will take place in April!
General Motors unveiled the Chevrolet Cruze ECO at New York Auto Show. The Chevrolet Cruze ECO is a high-efficiency model which is powered by a 1.4-liter Ecotec turbocharged engine equipped with variable valve timing that’s coupled with a six-speed manual transmission. A six-speed automatic will also be offered as an option. The company estimates the Chevrolet Cruze ECO will give a 40 mpg fuel consumption on the highway.
The Chevrolet Cruze ECO comes with a lower front grille air shutter that closes at high speeds to improve aerodynamics and a lower front air dam extension. The Chevrolet Cruze ECO also features a lowered ride height, 17-inch lightweight aluminum wheels and ultra-low rolling resistance 17-inch Goodyear tires.
The Eco achieves greater fuel economy using a number of features that enhance its aerodynamics, minimize weight and reduce rolling resistance. The Chevrolet says the Cruze ECO will accelerate from 0 to 60 mph in just 10 seconds with the manual gearbox and in 0 to 60mph in just 9 seconds with the automatic gearbox.
Also debuting in New York will be a sporty variant of the Cruze, the RS model, which is essentially a styling package. It will be available on the upscale Cruze LT and LTZ trim levels. It features special bumpers, side skirt, a rear spoiler and an instrument cluster with chrome accent rings.
The Chevrolet Cruze ECO price and availability will be announced at a later date and the Cruze Eco will be available in the fourth quarter of 2010.
Nissan Motor Co. will sell the Leaf electric car for a base price of $32,780 in the United States and begin taking orders on April 20. When combined with a $7,500 federal tax credit, the Leaf will be priced at $25,280, the automaker said in a statement today. State and local credits can further reduce the cost to consumers, Nissan said. Early on today, the automaker also said it would sell the battery-powered Leaf hatchback starting off at 3.76 million yen ($40,640) in Japan, where it is also counting on government subsidies to slash the cost to consumers. Nissan said it aims to sell 6,000 Leaf cars, its first mass-volume all-electric model, in Japan for the year ending in March 2011. The company will start taking orders for the model April 1 in Japan, with the first delivery expected in December. After accounting for Japanese government subsidies, Nissan said the net cost to consumers to buy a new Leaf would be near 2.99 million yen ($32,373). The Leaf pricing also represents a premium over established, combustion-engine powered small sedans, such as the Honda Civic and Toyota Corolla. Analysts have said the premium reflects the cost of developing and producing the Leaf’s lithium-ion battery pack. The cost of batteries and the reluctance of consumers to pay more upfront for fuel-saving technology are seen as the major hurdles to mass-market adoption of electric vehicles. Toyota Motor Corp.’s gasoline-electric Prius hybrid, now in its third generation, has a base model starting price at just over 2 million yen ($22,195) in Japan. After trailing rivals Toyota Motor and Honda Motor in the hybrid field, Japan’s No.3 automaker has bet heavily on pure electric vehicles along with partner Renault SA of France. Nissan has said it expects that 10 percent of the world’s auto market will be electric vehicles by 2020, a ratio at the top of industry projections. The automaker has also announced a series of partnerships with utilities and government agencies in the United States and Europe where it believes it has a chance of seizing market leadership. The five-passenger Leaf is designed to provide a range of about 100 miles. Nissan has developed the battery pack for the Leaf with NEC Corp., so that it can be recharged overnight on a 220-volt connection. While skeptics abound, almost all major automakers are working on developing battery-run cars for use mainly in urban areas, to meet stricter emissions and mileage regulations being introduced around the world.
2010 Chevrolet Malibu or Chevy Malibu is one of the best looking and most popular ranked midsize cars. It has a two-tone cabin that is a style in itself and coddles a driver. It is more popular as a family car with balanced ride and economic fuel efficiency. The exterior of the Chevy Malibu has always scored good points. Some even compare its sheet metal with a European sports sedan.
Chevy Malibu was flooded with awards after it got redesigned in 2008. One of the most popular awards it got in 2008 was “North American Car of the Year”. This was given at North American International Auto Show.
These days it is a consideration for people opting to buy a Honda Accord or Toyota Camry as it is a good option as a family car.
Since 2008 there has been few changes in present day 2010 Chevrolet Malibu, in fact a major change has been instead of use of 2.4L four-cylinder engine one can use E85 as well as regular gasoline. The latest version is available at four trim levels.
Fuel efficiency is one of its strongest assets. Buyers need not worry about fuel economy as Chevy is building well-managed LTZ trim level with a fuel-efficient 2.4 liter four-cylinder engine along with a six speed transmission.
The next issue that makes it among the top cars are the safety. It has got a five star rating from federal government where safety is concerned. Before giving this rating its frontal as well as side-impact crash tests were conducted by the federal government.
A Chevy Malibu is covered by best coverage in America that includes a 3-year or 36,000-mile basic limited warranty also it has 5-year or 100,000-mile powertrain warranty.
It is considered as most striking car in its own class. It is considered as best buy in its competitive segment. It has all in one a smart looking interior, a sleek sheetmetal, a smooth four-cylinder engine, its redefined powertrains and the best thing is that all this at really affordable price. It is well equipped with impressive set of standard features for which you do not pay anything extra.
wwwbobmaguirechevrolet.com is the website specially designed for this New Jersey Chevrolet dealer. The features of this site are quite striking with spectacular pictures as main part. This was founded in 1977 and family owned prestigious automotive dealership group. This particular dealer is famous for its reputed services for many years by offering largest selection at best prices. Maguire Auto group customers are happiest buyers with best price and best services. Featured vehicles are the main attraction of this site. These featured vehicle posts gives all the information about those featured cars in all the needed aspects. There is nothing gave a miss in the feature for a person who is looking for a best pre-owned car.
Maguire Auto group offers new models as well as pre-owned to their customers to their satisfaction. Financing facilities are best way arranged to the customers here as an additional service.
Their new models include trucks, hybrids, couples, crossovers, sedans, SUVs’ and vans with reviews. An array of new upcoming models is also showcased on the website with more technical details.
In the pre-owned category one can avail online inventory through this website. GM certified used vehicles are the specialty of the pre-owned car from this website. Luxury pre-owned is widely available here and can be verified on website too besides many other models which are almost less than $10K.
Services are the important part of Maguire Auto group. Their service centre often serves their customers with best fuel solutions. The technical team here got a special team exclusively for BODY SHOP. Here Schedule services and recommended maintenances take place constantly for their customers. Customers satisfaction often seen here through their praising about what they got benefited.
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Best part of this Maguire Auto group is easy access to their customers through particular number for particular division. All the staff to serve to the customers are well qualified and good professional. The organize way of operations with this company made them reputed with their customers since 1977. The well maintained business values with customers are main backbone to the successful existence.