Tag Archive for ‘industry’
2010 Looking Up For New Car Sales
The National Automobile Dealers Association is optimistic about new car sales this year. “U.S. light-vehicle sales will reach just short of 12 million units in 2010 as credit becomes more available and consumer confidence improves with rising employment,” said Paul Taylor, chief economist for NADA.
Speaking at the NADA Convention & Exposition in Orlando, Taylor reported [...]
Army of Cuteness – 1,500,000 MINI Coopers on the Road
You see them everywhere – “New Mini” Cooper S and Cooper hatchbacks, convertibles, and now the lengthened Clubman editions. Occasionally, you’ll see the super-duper hot rod “John Cooper Works” editions or even the limited-run Factory Lightweight GP editions. But each day, each week, you see more and more of them driven by shiny happy people [...]
CarDomain.com acquires StreetFire.net
Just like the print world before it, consolidation in the online world is happening at a rapid pace. In the center of the it all appears to be the mysterious John “Nads” Naderi: former editor of Super Street, former producer at RiceBoy.tv, recently acquired by StreetFire, who was in turn acquired by CarDomain. From the [...]
Change in the aftermarket industry? Yes we can!
Times are hard. The world is facing a global economic crisis. Every day, we hear about more layoffs from multinational corporations, multi-billion dollar bailout plans, and economic stimulus packages. People are hanging onto their money and paying the rent or feeding the family clearly takes precedence over a turbo upgrade or a [...]
SEMA-schmeema – PRI is where it’s at
I’m an automotive performance enthusiast. I like fast cars that corner like a fighter jet, stop with authority, and make a joyful noise. I think exhaust flame throwers are ridiculous and I really don’t give a rip about a car’s stereo. As long as I can hear it above the scream of the engine and [...]
The retention winner is… Honda!
Every year, for the past six, J.D. Power and Co. compiles a list celebrating the winners and losers in the game of customer retention. For the first time ever Honda has been crowned as the king of retention with a total of 64.7% choosing a Honda to replace their Honda, followed closely by Toyota with [...]
Honda officially kills (or sells) its F1 team
Just today Honda President and CEO, Takeo Fukui, announced that Honda will immediately sell or dissolve its Formula 1 race team. For the past few days there had been speculation this would happen, but now it’s official:
This difficult decision has been made in light of the quickly deteriorating operating environment facing the global auto industry, [...]
Automaker Bailout – The Saga Continues
You know things have reached a strange pass when Michael Moore and Republican Congressmen are in perfect agreement about the proposed automaker bailout. In an article at the Huffington Post (where else?) Moore says, “Let me just state the obvious: Every single dollar Congress gives these three companies will be flushed right down the toilet.”
Senator [...]
Trust/Greddy Japan Files for Bankruptcy
Trust Japan, or better known as Greddy in the United States, filed for bankruptcy today, according to Japan’s largest credit research company, Teikoku Databank. According to Eric Hsu of JDM Insider, “In February 2008, Trust reported declined annual sales of US$53M. Loan payments totallying US$43M became a burden and was forced to file bankruptcy to [...]
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