Toyota owners up for grabs

To say that Toyota customers are up for grabs is an understatement! Waiting for at least one company to throw in a free cruise and free pizza for a year!

From the Detroit News:

Two of Toyota Motor Corp.’s competitors reversed course and said today they will join those offering incentives on trade-ins from Toyota owners.

Chrysler Group LLC and Hyundai Motor Co. are the latest to offer rebates. General Motors Co. and Ford Motor Co. were first to offer $1,000 incentives for Toyota owners through the end of February. Ford today said it also is increasing the amount of money it provides to dealers for advertising to allow them to capitalize on the opportunity created by Toyota’s woes.

Chrysler has spent the last two days mulling a change in its programs and had planned to wait until next week to announce its latest incentives.

Read the full article here.


Photo from fOTOGLIF

  

Fiat will take stake in Chrysler

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Fiat might be throwing Chrysler a lifeline.

Fiat SpA and Chrysler LLC on Tuesday confirmed the Italian auto maker will take at least a 35% stake in Chrysler as part of a deal to share technology and bring small cars developed by Fiat to the U.S.

The move is an attempt to revive two of the world’s storied auto makers and is likely to eventually give Fiat control of Chrysler’s operations, people familiar with the matter said. Under terms of the deal, Fiat has the option of increasing that to as much as 55%, these people said.

Fiat, the stronger of the two car makers, wouldn’t immediately put cash into Chrysler. Instead, it would obtain its stake mainly in exchange for covering the cost of retooling a Chrysler plant to produce one or more Fiat models to be sold in the U.S., these people said. Fiat would also provide engine and transmission technology to help Chrysler introduce new, fuel-efficient small cars.

The deal is the latest maneuver by Fiat’s chief, Sergio Marchionne, who has pulled the Italian company back from the brink collapse since taking over in 2004.

This might be a great combination. We’ll see how it plays out.

  

Welcome to Dashboard News

We are launching this car blog at a time of great turmoil and uncertainty in the auto business. With the economic crisis, the United States has had to bail out banks and auto companies just to prevent the economy fm collapsing.

Apart from this crisis, the auto industry is facing challenges rearding energy as well. Summer gas prices convinced many that our addiction to oil must be addressed, and looming climate change is also driving policy changes. Fortunately, significant progress has been made on hybrids, including plug-in hybrids, that might change the auto industry in ways not imagined just several years ago.

Yet even with all these problems, many of us still love cars. We’ll be addressing the tough issues facing the auto industry, but we’ll also bring you reviews and stories covering the great new vehicles being produced around the world.

  

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