Ponce de Leon spent his career searching the Florida wilderness for the mythical fountain of youth, hoping to recapture his glory days. Car buyers often follow his example, buying the same kind of car they had in their youth, either as a restoration project or in the form of a new nostalgia model from the same manufacturer.
The question now for the domestic car industry is whether such cars can also serve to recapture their glory days, when the car makers commanded huge market share with hot models that future owners sketched in study hall, or plastered on the inside of their lockers.
Ford has remained in this sporty coupe segment since its introduction of the Mustang at the 1964 New Y ...
"On Friday I was in Washington for a meeting with Administration officials. In the course of that meeting, they requested that I “step aside” as CEO of GM, and so I have.
Fritz Henderson is an excellent choice to be the next CEO of GM. Having worked closely with Fritz for many years, I know that he is the ideal person to lead the company through the completion of our restructuring efforts. His knowledge of the global industry and the company are exceptional, and he has the intellect, energy, and support among GM’ers worldwide to succeed. I wish him well, and I stand ready to support him, and interim Non-Executive Chairman Kent Kresa, in every way possible.
In 2002, astronaut Buzz Aldrin, the second human being to set foot on the moon, punched a guy in the face for accusing him of faking the moon landing. Buzz was 72 years old at the time.
Go right ahead and question the existence of the 2010 Ford Mustang GT, 2009 Dodge Challenger R/T and 2010 Chevy Camaro SS and they, too, might just give you a knuckle sandwich in the kisser. Like Mr. Aldrin, they bear names from long ago that have made a collective return to the limelight. Like Mr. Aldrin, they are American heroes with unparalleled legacies reaching across decades. And like Mr. Aldrin, they have Ph.Ds in kicking ass.
Their makers may have proven that they have the financial acumen of a blind yak. However, we ...
According to sources, this morning GM North America President Troy Clarke was on CNBC this morning discussing General Motors. While being interview he claimed that the 2010 Chevrolet Camaro is now achieving a highway fuel economy rating of 29 MPG on the 304 HP, direct-injected 3.6L V6. If true, that means the new Camaro will be trumping the competition's V6's even more in fuel economy and power.
GMI can now confirm that this is true. On CNBC this morning Troy Clarke stated, "...we just got the EPA results back on this car [Camaro], and the V6 gets 29 MPG on the highway, 5 better than the competition." ...
DETROIT - GM Chairman and CEO Rick Wagoner today announced that Robert A. Lutz, GM Vice Chairman - Global Product Development, will transition to a new role effective April 1, 2009 as Vice Chairman and Senior Advisor. Lutz, 76, will provide strategic input into GM’s global design and key product initiatives until his retirement at the end of 2009. He will continue to report to Wagoner.
Wagoner also announced that effective April 1, 2009 the GM Board of Directors elected Thomas G. Stephens, Vice Chairman - Global Product Development, reporting to President and Chief Operating Officer Fritz Henderson. Stephens, 60, is currently Executive Vice President, Global Powertrain and Global Quality. In this new assignment, Stephens will maintain his responsibility for overseeing GM’s global quality activity.
Concurrent with this appointment, GM is restructur ...
By Dan Carney
In 2002, astronaut Buzz Aldrin, the second human being to set foot on the moon, punched a guy in the face for accusing him of faking the moon landing. Buzz was 72 years old at the time.
According to sources, this morning GM North America President Troy Clarke was on CNBC this morning discussing General Motors. While being interview he claimed that the 2010 Chevrolet Camaro is now achieving a highway fuel economy rating of 29 MPG on the 304 HP, direct-injected 3.6L V6. If true, that means the new Camaro will be trumping the competition's V6's even more in fuel economy and power. 
