If theres any lesson from the downfall of Detroits carmakers over the past several years, its that its that the smart money cant find an easy solution to Motowns woes. When private equity giant Cerberus Capital Management said it would buy Chrysler and its lending arm, Chrysler Financial Services, from former parent Daimler AG of Germany in May 2007, the idea was that the financier could bring better management and turn it around. With better cash flow management and the cut-cutting eye of former General Electric executive Robert L. Nardelli, Cerberus could strip out the excess and flip a healthier company a few years later for a profit. As a backstop, Cerberus bosses figured that the loan portfolio at Chrysler Financial alone was worth nearly the $7.4 billion they invested in Chrysler. If the carmaker was a loser, they could make up some losses with the lender.
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Have you ever wanted to learn how to weld, or at least get a quick overview of everything that’s involved? Let Chris Duke and special guest Brian Karas in the latest episode of MOTORZ TV show you how! This episode covers everything from what you need, basic setup, safety precautions, right on down to the first weld’ Check it out! Watch it now and be sure to check out this page at the MOTORZ TV website for more information on this episode!
Sideways new #SW05 Riley MkXX Ganassi Racing Team TELMEX – GRAND AM Champion 2008 should arrive next week. Read the rest of this entry »
Helped by Cash for Clunkers, which ended Monday, the annualized selling rate for the auto industry in August is expected to be about 15.5 million, according to Wall Street firm Goldman Sachs.
That would be a 16% improvement year over year, and nearly a 40% increase from July.
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If you get the chance check out the website that I’ve set up for the club I race with… it’s a good start I think. We’ve gotten the club’s Carrera track up and going, and on the 5th of Sept. we’re going to have our Sideways Daytona Prototype race, everyone is welcome to come and race with us at NePa Slot Car Club! Read the rest of this entry »
The governments Cash for Clunkers program is over and still the spiff is getting more post-event coverage than any Super Bowl I can remember. The Transportation Department, not surprisingly, has labeled the program a great success. Some analysts have been far less effusive. They say the program was effective in selling cars, but the boost wont last long enough to really help the car industry for very long. Edmunds.com also shows different data than the government, claiming that pickup trucks sold better than the Transportation Department is letting on.
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ATLANTA August 26, 2009 Stronger, wider, faster Porsches new 911 GT3 Cup car is the latest-edition of the worlds best-selling and most successful production-based race car of more than 1,400 units. It will be introduced at the Frankfurt Motor Show September 17-27, 2009, along side the previously-announced 2010 911 Turbo and 911 GT3 RS.
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Government crash test ratings have come in for the 2010 Chevrolet Camaro and fans are surprised’ Expected to achieve a full 5 star rating, the 2010 Camaro received only 4 stars for driver and passenger frontal crash tests’ Side and rollover ratings however scored a full 5 star rating’ [ Camaro5 ]
