Auto news and reviews from Car Buyer's Notebook.com: Finance Archives

June 9, 2008

2009 Dodge Challenger Pricing: Starting in Low $20s

Auburn Hills, Mich. -- Dodge announced pricing today for the all-new 2009 Dodge Challenger. The U.S. Manufacturer’s Suggested Retail Price (MSRP) will start at $21,995, which includes $675 for destination. Dodge dealers across the country are now taking orders for the 2009 Dodge Challenger, which will arrive this fall.

“The all-new 2009 Dodge Challenger gives customers a modern-day muscle machine at an incredible value,” said Mike Accavitti, Director – Dodge Brand and SRT Global Marketing, Chrysler LLC. “For less than $22,000, we’ve brought Dodge Challenger back and loaded it with head-snapping styling and cutting-edge technology.”

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June 8, 2008

Mitsubishi increases destination charges

Mitsubishi Motors North America will be increasing Destination and Handling charges on all new
trucks and SUVs effective June 2, 2008. The new charge for most models will be $675 for the 48 contiguous U.S. states, plus Hawaii and $800 for Alaska.

The destination charges for Outlander, Endeavor and Montero will be $695 and $820, respectively.

Posted by Frank at 2:58 AM | Filed under Auto Marketing | Auto News | Finance | Mitsubishi

June 7, 2008

Chrysler Appoints Jethro Joseph to Lead Supplier Diversity Development

Auburn Hills, Mich. -- Chrysler LLC has appointed Jethro Joseph to the position of Senior Executive, Supplier Diversity Development.

In this role, Joseph will continue to be responsible for providing access, growth and development to Minority Business Enterprises (MBE). He reports to John Campi, Executive Vice President - Procurement.

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New Generation Porsche 911 Combines Increased Performance with MPGs

Porsche today disclosed photos and details for the next generation 911 model series.

Four new 911 models go on sale in September in North America – the 911 Carrera Coupe, 911 Carrera Cabriolet, 911 Carrera S Coupe, and 911 Carrera S Cabriolet. All offer a higher level of performance thanks to their all-new flat-six engines displacing 3.6 and 3.8 liters respectively.

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Infiniti Announces Pricing on 2009 FX50 and FX35

NASHVILLE, Tenn. -- Infiniti has announced pricing on the all-new 2009 Infiniti FX luxury crossover SUV, which goes on sale June 24 at Infiniti retailers in the United States and Canada.

The all-new FX is a showcase of Infiniti's design and technology leadership, offering exceptional levels of power, refinement, versatility and driving exhilaration.

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Nissan and Habitat for Humanity Build Houses With Energy-Saving Features

NASHVILLE, Tenn. -- Habitat for Humanity International and Nissan North America Inc. (NNA) announced today the renewal of an annual $1 million partnership.

Through the partnership, Nissan will fund the construction of affordable houses that conserve energy and water, support ongoing Habitat for Humanity homebuilding projects and assist with Habitat's disaster response efforts.

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Posted by Frank at 12:07 PM | Filed under Auto Marketing | Auto News | Finance | Nissan

GMAC Collaborates with Habitat for Humanity to Develop Housing

DETROIT and ATLANTA -- GMAC Financial Services (GMAC) affirms its partnership with Habitat for Humanity to create homeownership opportunities in collaboration with families in need of decent, affordable homes.

GMAC will provide funding and more than 500 volunteers to help build 12 Habitat homes in the United States, as well as three additional homes in Canada and Mexico throughout 2008.

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Posted by Frank at 1:47 AM | Filed under Auto Marketing | Auto News | Finance

Kia Loses New Jersey Class Action Suit

PHILADELPHIA -- Donovan Searles, LLC announces that a New Jersey jury has rendered a verdict against KIA Motors America, Inc. in the amount of $6,029,250 on behalf of a class of 8,039 New Jersey consumers.

The case is entitled Regina Little v. KIA Motors America, Inc., No. UNN-L-800-01 (Law Division Aug. 20, 2003), pending in the Superior Court of New Jersey in Union County.

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Posted by Frank at 12:46 AM | Filed under Auto Marketing | Auto News | Finance | Kia

Ford sells St. Louis property to developer

Hazelwood, Mo., June 5, 2008 – Ford Motor Company today announced the sale of the St. Louis Assembly Plant property in Hazelwood, Mo, to Panattoni Development Company, Inc.

Panattoni plans to demolish the existing structure and add new buildings totaling approximately 2.6 million square feet of warehouse, distribution and light industrial space on the 155-acre site.

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Posted by Frank at 12:27 AM | Filed under Auto Marketing | Auto News | Finance | Ford

June 6, 2008

2008 Ford Escape Hybrid brings $33,000 at auction for Heal the Bay

SANTA MONICA, Calif. -- The 2008 Ford Escape Hybrid, the most fuel-efficient SUV sold in America, generated $33,000 for the environmental group Heal the Bay at the organization's annual charity auction.

Ford donated a 2008 Escape Hybrid SUV to Heal the Bay, the Santa Monica-based environmental group dedicated to improving water quality along California's coastline.

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Top Ten Lease Transfer Reasons

CINCINNATI -- Swapalease.com the World's Largest Lease Marketplace announces Top Ten Lease Transfer Reasons. The list was compiled using a two-tier approach based on Swapalease.com user feedback.

Results data was obtained directly from users through the web site as well as through employee user interaction, Swapalease.com management noted.

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Posted by Frank at 1:13 AM | Filed under Auto Marketing | Auto News | Auto leasing | Finance

Ford purchased $4.2 billion from minority suppliers in 2007

DEARBORN, Mich. – Ford Motor Company North America set a new record in purchasing spend from minority- and women-owned business enterprises (MWBE) in 2007.

Ford purchased a record $4.2 billion in goods and services from tier one minority-owned suppliers and broke through the billion-dollar barrier by spending $1.2 billion with tier one women-owned suppliers.

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Ford completes Jaguar, Land Rover Sale to Tata Motors

DEARBORN, Mich. – Ford Motor Company has completed the sale of its Jaguar Land Rover operations to Tata Motors.

The sale is the culmination of Ford’s decision last August to explore strategic options for the Jaguar Land Rover business, as the company accelerates its focus on its core Ford brand and “One Ford” global transformation. It also allows Jaguar Land Rover to focus on delivering what is best for its business.

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Americans Lack Confidence in Car Costs and Care

SAN FRANCISCO -- DriverSide has teamed with Kelton Research in surveying consumers on automobile maintenance.

Rising gas prices, a faltering economy and a poor job market mean more and more people are pressed for time and money. And in the new survey, Americans say the upkeep of a car can take up too much of both. Whether it's an unplanned repair or just regular maintenance, Americans across the country are finding car care a challenging chore.

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Posted by Frank at 12:00 AM | Filed under Auto Marketing | Auto News | Car Tech | Finance

June 5, 2008

Ford Offers Employee Pricing on F-Series Pickups

In the wake of a 30% drop in pickup sales in May, Ford has announced they are resurrecting employee pricing for all F-series pickups, through June 30, 2008.

The deal includes all 2008 F-Series: F-150, F-250 and F-350, but excludes Harley Davidson and chassis cab models.

And get this -- the memo from Ford says consumers will also be able to take current cash incentives, about $2,000, in addition to the employee price. Currently advertised on the Ford website, that means you can get a base F-150 for $16,274.

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