Ford Motor Company’s executive chairman William Clay Ford Jr. announced this week to shareholders that dividend payments would not be made until the automaker pays down more of its debt. During the same statement he also mentioned that shareholders don’t have any right to complain, considering the soar in stock value and the fact that
Ford Motor Company, the single major manufacturer of the “Detroit big three” that did not file bankruptcy, is in the process of emerging from the crisis in the automotive market stronger than ever. Some of the changes applied turned the company around but there is no green light on the party yet. The main focus
More news from Detroit as General Motors has just announced better sales figures for this month when compared to last year’s April disastrous sales. Mind you, while this April 2010 has better sales than April 2009 it’s still 2% down on March 2010.
We all remember the horrific news that came from Detroit around a year ago but now the headlines make for pretty much opposite extras to read all about. In short, Ford has recorded $2.1 billion in profits, General Motors managed to pay off the treasury loan early despite proving profits and Chrysler have managed to
Chrysler Group LLC has just announced that upon the launch of the new Charger in November 2010 they will be ready to increase their participation to the squad car market. Peter Grady, Chrysler’s head of network development and fleet said that his company will go hard out after this particular market.
Chrysler Group LLC is one of Detroit’s big three that not a lot of people will trust to come back to life soon. Despite this, the company has recently announced that it is anticipating sales increase for a year-on-year level for April to amount up to 20%.
Unfortunately I got bored of this type of cars. I don’t mean about SUVs, I mean of these ones that in pictures are looking pretty old so if I say that a car looks good enough, you should know that in reality it is awesome. We have the same situation in here.
I have to tell you that this car really looks like being taken from the ‘I Robot’ movie. I don’t know if you saw the movie but you should know that they used a modified Audi R8 looking like it was floating and it was also looking pretty futuristic and so it is looking this
The Japanese manufacturer unveiled today at the Detroit Auto Show, the series version of the hybrid coupe CR-Z. It benefits from a parallel hybrid system, which gives it 124 hp and 174 Nm. Honda has unveiled at the International Auto Show in Detroit the model that fans waited a long time: the series version of
Mercedes has set out in their stand from Detroit, a sculpture that is trying to raise at the rank of art, the philosophy of the designers in Stuttgart. Even if Detroit Auto Show hosts the most important ceremony of the beginning of the year, Mercedes thought that among so many new models to flock at
Along with the new A8, those from Audi will present a new concept at the Detroit Auto Show, which could foreshadow the future A6 or A3. Here is its first sketch. Germans from Audi have announced that they will present a new concept at the Detroit Auto Show. According to first information, the concept will
Fiat 500 electric version will be introduced at the International Auto Show in Detroit in the Chrysler stand. Along with it will be this presented the entire range of Fiat 500. Americans from Chrysler will present, in world premiere, a 100% electric version of Fiat 500 at Auto Show in Detroit. Besides, people at Chrysler
BMW will present at the Detroit Motor Show an electric concept based on 1 Series Coupe. Officially called BMW ActiveE, the prototype is the second model, after the Mini E electric version, which is part of the new range of Megacity electric models that BMW Group will develop in coming years. BMW ActiveE concept differs
Unfortunately, Nissan will miss at least two auto shows in 2009, starting with the Detroit’s North American International Auto Show. The CEO of the company has stated that he will prefer save some cash at the moment and he thinks that skipping the two auto shows is a good decision. He also wanted us to
