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Author Archives: Car Biz Buzz
Changes Come to Land Rover Lineup
Faced with an uncertain market with ample new challenges, Land Rover has decided to freshen up its entire lineup. New Land Rover models that will get a midlife update include the LR3, Range Rover, and Range Rover Sport. All of these new models will be on display at the upcoming New York Auto Show. Continue reading
Doubt Arises Around Chevrolet Volt
As Chevrolet continues to hype and advertise the long-awaited Volt plug-in electric car, many are doubting the effective it will have and Chevy and GM sales. This negative view is shared by the Obama administration, which believes that the car will cost consumers too much and will not provide the demand and the volume that the embattled automaker truly needs. Continue reading
Saturn May Have Buyers
Saturn has been in a precarious position for months. As General Motors focusing on restricting and becoming profitable again, many brands under its wide umbrella have been at risk. Already Saab, Hummer, and Open have found their way onto the chopping block. However, the fate Saturn, which has seen devastating sales despite a relatively fresh product lineup, has largely been unknown. It seems that now sources indicate it may be up for sale, and that there are parties that actually want to purchase the ailing brand. Continue reading
Dealers Affected By GM and Chrysler Cutbacks
Car dealers have faced plenty of hardships in recent months, and will continue to run into hardships. While the recent federal stimulus not offers tax incentives for car buyers, it’s not all good news for car dealers. While money in the pockets of consumers is always a good thing amid falling car sales and weakened consumer confidence, new bailout plans from Chrysler and General Motors both have outlined ideas that may be even more costly to dealers. Continue reading
Auto Parts Suppliers Seek $22.5B in Federal Aid
With all of the commotion surrounding the domestic automakers, it’s easy to forget about others in the auto industry that are facing hardships. Among them are auto parts suppliers, which are now asking the federal government for $22.5 billion in financial assistance. Continue reading