President Obama said Thursday that he will have a statement regarding how much more financial support the U.S. government will extend to the auto industrychiefly General Motors, Chrysler and the auto supplier industryby Tuesday before he leaves on a European trip.
Ford Motor Co. CEO Alan Mulallys total compensation for 2008 dropped by 37% to $13.6 million last year. That’s still a hefty sum, considering Fords record losses and continued financial fragility. Meanwhile, Mulally — who, like his counterparts at General Motors (GM) and Chrysler, was excoriated by Congress and the media last November for flying a private jet to Congressional hearings — no longer flies on Ford-owned jets. But he does fly on chartered private planes.
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MOTORZ TV is back in action! After a brief delay, episode 21 shows you how to install a full HID lighting upgrade and sequential tail light kit on a 2008 Ford Mustang’ Click here to watch the latest episode and for other episodes head on over to www’motorz’tv ‘
Fiat has the lowest CO2 emissions rating figures for a volume manufacturer, at 133.7g/km, according to the JATO (the automotive business intelligence experts). The Italian firm is going to be offering green test drive sessions for customers are certain dealerships these will analyse the driving style and provide tips on how to improve mileage and increase economy.
Carroll Shelby Licensing Inc’, a wholly owned subsidiary of Carroll Shelby International Inc’ (Pink Sheets: CSBI), has entered into license agreements with Kustom Classics of Fort Worth and Riley Performance Motorcars of Valley View, Texas, to allow completion of the continuation Shelby GT500SE and GT350SR cars contracted for by the former customers of Unique Performance and Unique Motorcars’ Each completed car will receive an official Shelby continuation serial number and inclusion into the Shelby Worldwide Registry’ Unique Performance/Motorcars filed a Chapter 7 bankruptcy petition in Texas Federal court in 2007′
A link to a few shots of the new SCX Fiat Abarth 1000 I shot recently. This car is lots of fun to drive no-mag even with the stock tires.
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The Formula One world title will not be decided on points, but in fact be taken by the driver who wins the most races this season. Interestingly, were the rules in play last season, this would have meant that Lewis Hamilton would have been denied the title.
March 21, 2009 — Sebring, Florida – The Flying Lizard No. 45 and No. 44 Porsches finished their sixth consecutive Sebring race fourth and fifth in GT2, respectively. The twelve-hour race was another contest of will and endurance: nearly half of the starting cars were no longer running by the end of the race.
