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Ford Kuga to replace Escape

January 5, 2010 /

Probably a good move for Ford and you can believe Ford will keep the Escape name on this bad boy! Remember the Ford Five Hundred (spelled out none the less) debacle a few years back? Mr. Mulally understands the value of an established nameplate.

From AutoGuide.com:

Ford’s popular Escape crossover is set to be replaced in 2012 with the European Kuga. Recent reports suggest, however, that this new model may keep the Escape badge. According to Ward’s Auto, several Ford dealers have commented that it would be a waste to do away with the Escape badge as it has excellent recognition in the market and as the Escape is one of Ford’s top sellers and has even given the Toyota RAV-4 a run for its money.

“I believe the Escape is a great vehicle with a great reputation and that it would be a big mistake to kill the Escape name,” Owen Mossy, general manager of San Diego-based Mossy Ford, told Ward’s.

Read the full article here.

News

US Government new majority owner of GMAC

December 31, 2009 /

The US Government will now be the new majority owner of GMAC after pumping another $3.8 billion into the struggling company. Let’s hope it works!

From Auto News.com:

GMAC Financial Services said today it will get $3.79 billion in additional aid from the U.S. government, on top of the $12.5 billion already received since December 2008.

GMAC, in a statement released late this afternoon, said that with the infusion it achieved the capital levels required by the Federal Reserve to meet the company’s “worse-than-expected economic scenario.”

GMAC said the $3.79 billion cash infusion was less than the $5.6 billion originally expected by the Fed in May 2009 because of lower-than-expected losses related to the General Motors Co. bankruptcy proceedings, which concluded in July.

As part of the latest bailout, the government also increased its equity stake in GMAC from 35.4 percent to about 56.3 percent, the statement said.

Read the full article here.


Photo from fOTOGLIF

News

Chrysler, Maserati, Ferrari to be at DAS

December 31, 2009 /

Talk about bringing a sharp date to town! Chrysler will be sharing the stage with Maserati and Ferrari at the Detroit Auto Show. That is one good looking group, my friends! This will also give us a first look at some rebadged Lancia’s and the electric Fiat 500.

From the Detroit News:

Ferrari and Maserati are moving into a new neighborhood at the North American International Auto Show — the Chrysler Group LLC stand, where they’ll be nestled between the Dodge and Jeep brands.

In the past, the high-end marques have leased real estate in the show’s luxury row with the likes of Lamborghini, Bentley and Rolls-Royce, although last year Ferrari didn’t have a display in Detroit.

But since last year’s auto show in Detroit, Chrysler formed a partnership with Italian automaker Fiat SpA, which is part of the Fiat Group that includes Ferrari and Maserati but also Alfa Romeo, Lancia, Iveco commercial vehicles, and CNH agricultural and construction equipment.

Read the entire article here.

Auto Show, Chrysler, Ferrari, Maserati, New Cars, News

2010 Porsche Boxster gets solid review

December 29, 2009 /

Another strong review of a car everyone already loves! Will the strong reviews continue with the all new sports sedan Panamera next year? We think so!

From the Detroit News:

nullChristmas came early this year: Porsche agreed to let me test drive the 2010 Boxster S.

Who am I to question Porsche? Does anyone ever question them?

Well, with the Boxster, many people have. It’s one of the vehicles in Porsche’s lineup that some have derided for not possessing Porsche’s soul. Silly purests. For most people, if it says Porsche on the hood, it’s a Porsche. Do you really need a 911 for twice the price? The Boxster does the job quite well and carries just as much weight as any other Porsche for 99 percent of the population out there.

Read the full article here.

New Cars, News

Lancia-based car to be shown at Detroit Auto Show

December 28, 2009 /

We are very interested to check out the new offering from Fiat/Chrysler with a Lancia badge. If it’s anything like the Delta that would be a great first step in introducing the new brand to potential U.S. customers.

From AutoGuide.com:

Contrary to previous reports that Chrysler will not present any new models at the Detroit Auto Show in just a few weeks, there is now word that the struggling U.S. automaker will show a new car based on a Lancia platform. The Lancia badge is a sub-brand under Fiat, which now runs Chrysler.

There is no word on what sort of a vehicle it will be, but Fiat is eager to help Chrysler where it needs help most – in the small and mid-size car market. This new model would be the first idea of how Fiat intends to integrate its European designs into the North American marketplace.

Read the full article here.

New Cars, News

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