Archive for April, 2009
Daily U-Turn: What you missed on 4.30.09
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Obama announces Chrysler bankruptcy, deal with Fiat; Nardelli out soon Today, President Obama announced during a televised press conference that Chrysler will indeed head into Chapter 11 bankruptcy proceedings almost immediately. |
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Breakdown of Chrysler’s Big Day [w/POLL] After having time to digest all the details of the Chrysler bankruptcy filing, we’ve amassed all the salient points into one comprehensive post. Here’s what we know so far… |
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First Drive: Classic Design Concepts Group 2 Widebody Challenger After seeing the Group 2 Widebody Challenger at SEMA in 2008, we knew we had to sample the 575-hp muscle car. A call to CDC later and we were behind the wheel for a full review. |
Other news of import
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Daily U-Turn: What you missed on 4.30.09 originally appeared on Autoblog on Thu, 30 Apr 2009 19:20:00 EST. Please see our terms for use of feeds.
Autoline After Hours: TTAC’s Robert Farago joins McElroy, De Lorenzo and Vines
Filed under: Videos, Autoline on Autoblog
If you haven’t caught an episode of Autoline After Hours, this is the show to watch. Joining AAH’s host and Autoblog contributor John McElroy is Autoextremist’s own Peter De Lorenzo and former Chrysler PR man Jason Vines. For an additional bit of flavor, The Truth About Cars’ founder and editor, Robert Farago, will join the trio to discuss the week’s events, including – but not limited to – Chrysler’s bankruptcy filing and the death of Pontiac. With everything that’s gone on in the past four days, tonight’s show should be an epic meeting of the minds, and the fun begins now. Make the jump to watch the show live, and remember, you can engage in the debate by using the comments embedded into the video player.
Continue reading Autoline After Hours: TTAC’s Robert Farago joins McElroy, De Lorenzo and Vines
Autoline After Hours: TTAC’s Robert Farago joins McElroy, De Lorenzo and Vines originally appeared on Autoblog on Thu, 30 Apr 2009 18:55:00 EST. Please see our terms for use of feeds.
The world’s fastest BMW coupe? 230 mph G-Power M6 Hurricane CS
Filed under: Aftermarket, Tuners, Coupes, Euro, Supercars, BMW
The G-Power crew is constantly striving to produce the most insane BMWs on the planet, combining forced induction with thoroughly revised suspensions and aerodynamics to attain completely unreasonable speeds. It’s latest creation, the M6 Hurricane CS, takes the standard set by its M5-based Hurricane RS, and straps a duo of superchargers onto the 5.0-liter V10, boosting the coupe’s output to 740 hp and 590 lb-ft of torque.
Combined with a remapped ECU and a titanium exhaust, along with carbon fiber seats and a few other tweaks to reduce the curb weight by around 100 pounds, the CS can run to 60 mph in 4.4 seconds, to 124 mph in 9.6 seconds, 187 in 26 seconds and on to a claimed top speed of 230 mph – making it the fastest road-going BMW coupe on Earth.
In addition to the twin superchargers and bespoke body-kit, G-Power fitted the CS with carbon ceramic brakes at all four corners, with the front discs measuring in at 380mm and clamped by six-piston calipers. A coil-over suspension with nine adjustable settings joins front and rear anti-roll bars, and for a scant 390,000 euros, it can be yours. All the details can be found in the press release below the fold.
Gallery: G-Power M6 Hurricane CS
Continue reading The world’s fastest BMW coupe? 230 mph G-Power M6 Hurricane CS
The world’s fastest BMW coupe? 230 mph G-Power M6 Hurricane CS originally appeared on Autoblog on Thu, 30 Apr 2009 18:32:00 EST. Please see our terms for use of feeds.
PSA Peugeot Citroën planning diesel hybrid for 2011
Filed under: Hybrids/Alternative, Green, Peugeot, Citroen
PSA Peugeot Citro
Obama announces Chrysler bankruptcy, deal with Fiat; Nardelli out soon *UPDATED
Filed under: Government/Legal, Chrysler, LLC., Earnings/Financials
President Obama has just concluded a televised press conference where he announced that Chrysler will indeed head into Chapter 11 bankruptcy proceedings almost immediately. As part of the same announcement, he noted that the Auburn Hills automaker has reached terms with Fiat and will be headed into a partnership agreement that’ll include a cash infusion and technology transfers. By some estimates, the restructuring is expected to take 30-to-60 days.
The announcement came after late-night speaks with a small group of creditors broke off before a restructuring plan could be reached. During the conference, Obama took pains to note the sacrifice of many players, including some in the financial sector, but he openly chastized other hedge fund operators and speculators for holding out for more debt compensation, arguing that they were looking to make money on the taxpayer dollars.
Keeping an upbeat tone in his announcement, Obama also reassured Americans that they will be repaid in full before Fiat gets any stake in the automaker, and that GMAC has concurred to step in to provide loans for Chrysler cars. Canada is also pitching in to make it work, but the U.S. taxpayers will be on the hook for an additional $8 billion in aid. Obama also reiterated that the government will stand behind Chrysler and General Motors car warranties, and he extolled Americans to purchase new cars from domestic automakers.
Finally, in related news, it is being reported that Chrysler CEO Bob Nardelli (whom Obama praised during the press conference) will exit the company after the bankruptcy filing is complete.
*UPDATE: A new Chrysler press release (posted after the jump) confirms that Nardelli will leave Chrysler after it emerges from bankruptcy:
The Detroit Bureau’s Ken Zino has excellent analysis of the announcement here.
More details and analysis on the way…
[Image: Bill Pugliano/Getty]
Continue reading Obama announces Chrysler bankruptcy, deal with Fiat; Nardelli out soon *UPDATED
Obama announces Chrysler bankruptcy, deal with Fiat; Nardelli out soon *UPDATED originally appeared on Autoblog on Thu, 30 Apr 2009 12:36:00 EST. Please see our terms for use of feeds.