Archive for July, 2009

According to cars.gov, the official government Web site for the cash for clunkers program, consumers can start taking advantage of the rebate Monday, July 27.
But dealers who have been looking forward to the incentive to help boost sales aren’t waiting until then. A lot of dealers have already started giving car shoppers the $3,500 to [...]

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FREE NEW CAR PRICE QUOTE
     

Chrysler Group LLC announced a new incentive program Wednesday, called “Double CA$H For Your Old Car”. Just two days before the CARS rebate program is expected to be finalized by the government, Chrysler is offering a tempting $9,000 rebate for those who qualify for the cash for clunkers incentive.
Even buyers who aren’t trading in a [...]

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Infiniti announced its new “Limited Engagement Summer Event” Monday, offering buyers no interest car loans and special lease deals on all new 2009 Infiniti models (except for the G37 convertible).
“Summer is the season made for driving and what better way to make that trip to the beach, mountains or desert than in a brand new [...]

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GM Wants to Sell its Cars on eBay

As the new GM tries to reinvent itself, one idea it hopes will spur sales is to sell its entire line of vehicles on eBay through a pilot program.
The program would most likely start in California and if it is a success, it could go nationwide, GM CEO Fritz Henderson said. The program with eBay [...]

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Chrysler Group LLC announced Friday that production of the Dodge Viper SRT10 will continue. Chrysler said in a statement that it is “no longer pursuing a sale of the Viper business assets.”
The Viper’s production was scheduled to stop in December 2009, but will continue at the Chrysler Group Conner Avenue Assembly Plant. The plant is [...]

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Sale of GM’s Assets Approved

Late Sunday, federal bankruptcy court judge Robert E. Gerber approved General Motors’ plan to sell its good assets to a new, government-backed company, the New York Times reports.
The assets sale was necessary for GM to come out of bankruptcy. Without the sale, GM would have had to liquidate by July 10. Judge Gerber heard 850 [...]

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Cash For Clunkers has been signed by President Obama, but will not go into effect until July 24, when the government is finished ironing out the details of the program. Hyundai isn’t content to wait until then. According to Bloomberg, Hyundai is already advancing money to dealers so that customers can take advantage [...]

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Chrysler is out of bankruptcy and the new company is desperate for sales.  When you add up all the available incentives, Chrysler is offering discounts of up to $6,000 dollars off of some cars and trucks. But one thing is missing from Chrysler’s current offers: a low interest car loan.
While GM is offering 0% [...]

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If GM’s bankruptcy isn’t finished by July 10, the U.S. Treasury Department could stop financing the restructuring. Fritz Henderson, President and CEO of General Motors, testified on Tuesday that if the sale of GM’s good assets to a new company isn’t approved by the U.S. Bankruptcy Court in time, the government could force a liquidation [...]

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GM has extended its “72 Hour Sale” to July 6. The incentive, which offers 0% financing for 72 months on most new car loans, was originally set to expire on July 30, according to Jalopnik. This gives consumers an extra week to take advantage of a great deal.
In the past, 0% interest car [...]

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