2010 Volkswagen Golf GTI adidas Specification

Golf GTI adidas: Starting in June, three of the world’s best recognised German badges – Volkswagen, GTI and adidas – will for the aboriginal time amalgamate into a accumulated artefact as the Golf GTI adidas.

The capital actuality is that the GTI’s technology and administration - and its autogenous customized in the appearance of the adidas cast - all aftermath a absolute activating mix. And so the Golf GTI adidas is acceptable to attain collector’s cachet actual quickly, accustomed the histories of today’s archetypal cars in the mould of the two Golf Pirelli GTIs (1983 and 2007) and the Golf GTI Edition 30 (2006)2010 Volkswagen Golf GTI adidas Specification

BMW X4 back on the table?

Were you, like us, just thinking that BMW's U.S. lineup would be fully complete if only it had just one more crossover utility Sports Activity Vehicle that slotted in somewhere between the small X3 and midsize X5? If so, we have good news. Just such a vehicle – logically and tentatively named the X4 – is rumored to be in development. Again.

Just as the X6 was designed as a sportier take on the more traditional SUV-shaped X5, the new X4 would inject a bit more Bavarian flavor into the plain ol' X3. Citing an unnamed source within the company, Autocar reports, "We haven't made any firm decision... however, the X6's success shows there is a continued demand for sporty off-roaders."

Yes, we've heard this rumor before, but not since 2008. Why the possible change of heart? Despite drawing ire from what seems to be a vocal minority, BMW reports that the X6 is handily outpacing its own initial sales projections. In fact, it's 80,000 sales worldwide is twice what the automaker had expected to sell. And one good turn deserves... something.

[Source: Autocar]

Top Ten Stolen Vehicles of 2008

Thanks to modern technologies like ignition keys with embedded chips and factory installed security immobilizers, it's getting harder and harder to steal new cars. As a result, the number of cars and trucks stolen in the United States dropped by 13.1 percent in 2008 compared to 2007, a trend that has been continuing for five years. Total thefts for the year could actually end up under 1 million for the first time in 20 years.

Owners of older cars on the other hand aren't so lucky. One of the main driving factors behind car thefts is to strip the vehicles and sell the parts. The main market for those parts is older, high volume vehicles, so the same vehicles are the ones that tend to get stolen. The top ten stolen vehicles for 2008 includes a couple of surprises and a bunch of perennial hits.

[Source: SmartBrief ]

Press release

Hot Wheels: Vehicle Theft Continuing to Decline

DES PLAINES, Ill., Aug. 24 /PRNewswire-USNewswire/ -- Hot Wheels 2009, the National Insurance Crime Bureau's (NICB) companion study to its popular Hot Spots auto theft report, examines data reported to the National Crime Information Center (NCIC) and determines the vehicle make, model, and model year most reported stolen in 2008. See the full report at www.nicb.org.

For 2008, the most stolen vehicles* in the nation were:

1. 1994 Honda Accord

2. 1995 Honda Civic

3. 1989 Toyota Camry

4. 1997 Ford F-150 Pickup

5. 2004 Dodge Ram Pickup

6. 2000 Dodge Caravan

7. 1996 Jeep Cherokee/Grand Cherokee

8. 1994 Acura Integra

9. 1999 Ford Taurus

10. 2002 Ford Explorer

Certain models of older cars and trucks are popular with thieves because of the value of their parts. Frequently, the parts can be stripped from a car at a chop shop and sold for at least twice as much as the value of the vehicle on the used car market. Newer models are also more difficult, but not impossible to steal thanks to anti-theft technology incorporated by the manufacturers.

Although the final numbers have not yet been released, the preliminary 2008 FBI Uniform Crime Report (UCR) shows that vehicle theft is on pace to record a decrease of 13.1 percent from 2007 numbers. That would make 2008 the fifth consecutive year of declining vehicle thefts. Moreover, if the preliminary figures hold total thefts for 2008 would be below 1 million vehicles--the lowest annual total in over 20 years.

"This is great news for vehicle owners, law enforcement and the insurance industry," said Joe Wehrle, NICB's president and chief executive officer. "It takes years of sustained effort to deliver the kinds of reductions that we are enjoying today. NICB joins with our member companies in acknowledging the great work performed by law enforcement and our investigators in the fight against vehicle theft.

"Comprehensive legislation, aggressive enforcement and rigorous prosecution are the three essential components to a winning crime control program. NICB is proud to contribute to each of those areas through our national legislative affairs program and our network of experienced investigators," Wehrle said.

NICB provides law enforcement with local resources for identifying and recovering stolen vehicles as well as training and information analysis in the detection and prevention of vehicle theft and insurance crime.

As good as this news is, however, vehicle theft is still a costly drain on our economy and a tremendous hassle for victims. To protect their investment, vehicle owners are urged to follow NICB's "layered approach" to auto theft prevention by employing simple, low-cost suggestions to make their vehicles less attractive to thieves.

NICB's four layers of protection are:

Common Sense: Lock your car and take your keys. It's simple enough but many thefts occur because owners make it easy for thieves to steal their cars.

Warning Device: Having and using a visible or audible warning device is another item that can ensure that your car remains where you left it.

Immobilizing Device: Generally speaking, if your car won't start, it won't get stolen. "Kill" switches, fuel cut-offs and smart keys are among the devices which are extremely effective.

Tracking Device: A tracking device emits a signal to the police or to a monitoring station when the vehicle is stolen. Tracking devices are very effective in helping authorities recover stolen vehicles. Some systems employ "telematics," which combine GPS and wireless technologies to allow remote monitoring of a vehicle. If the vehicle is moved the system will alert the owner and the vehicle can be tracked via computer.

Considering a used vehicle purchase? Don't buy a headache, check in with VINCheck(SM), NICB's free vehicle history service at www.nicb.org.

You can help stop this criminal activity by reporting suspected insurance fraud and vehicle theft to NICB at 1-800-TEL-NICB (1-800-835-6422) or by texting to TIP411 keyword "Fraud." You may also report fraud and theft by visiting our Web site www.nicb.org. All tips can be anonymous.

About the National Insurance Crime Bureau: headquartered in Des Plaines, Ill., the NICB is the nation's leading not-for-profit organization exclusively dedicated to preventing, detecting and defeating insurance fraud and vehicle theft through information analysis, investigations, training, legislative advocacy and public awareness. The NICB is supported by more than 1,000 property and casualty insurance companies and self-insured organizations. NICB member companies wrote nearly $343 billion in insurance premiums in 2008, or more than 82 percent of the nation's property/casualty insurance. To learn more visit www.nicb.org.

* This report reflects only stolen vehicle data reported to NCIC in 2008. No further filtering of information is conducted, i.e., determining the total number of a particular make and model currently registered in the U.S. for comparison purposes.

SOURCE National Insurance Crime Bureau

Mazda recalling almost 31,000 CX-9s over faulty seats

Nearly 31,000 Mazda CX-9 crossovers are being recalled to repair an issue with the driver's seat. Models affected were built during the 2007-2009 model years. According to Mazda North American Operations, improper routing of wires under the driver's seat cushion can lead to a short-circuit that activates the power-adjustment mechanism. This could lead to an inadvertent change in the seating position, height adjustment, or seat back recline while the vehicle is in motion. According to Mazda, dealers will be able to fix the potential problem with cable ties and replacement parts. If you are a late-model CX-9 owner, check your mailbox after the notices go out on March 9.


[Source: Automotive News ]

More about Hyundai Equus

There's been a deluge of pictures of the Hyundai Equus surfacing in the last few days, and new official images have turned up that give us a glimpse both inside and out. The new exterior shots show off two different grille treatments, with the V6 models get Genesis-esque horizontal slats, while V8 models use vertical elements. A straight-on side view also shows off the size of this big sedan -- it's a long wheelbase with lengthy rear doors, a true executive sedan in size and style. Inside, the appointments appear luxurious and comprehensive, ready to take on the big guns from Lexus, Mercedes, BMW and Audi. Hyundai's saying that it looked past its usual practice of engineering a vehicle to a price point and just went for broke with this new Equus to make it truly great. The proof of the pudding is in the eating, and plans are underway to bring the model to the North American market, possibly as a 2011 or 2012 model.

[Source: TheCarBlogger]

Nissan projects $2.9B loss, announces 20,000 job cuts

Nissan hasn't posted an annual loss in nine years, but the automaker is poised to take a big hit on its 2008 earnings, and like the rest of the industry, it is scrambling to restructure. The Japanese carmaker is expected to report a $2.9 billion shortfall, prompting Carlos Ghosn and his team to chop 20,000 jobs – fully 8.5 percent of its employees worldwide. Some of the job losses will be arrived at through early retirement packages and the ending of temporary worker contracts, but most will be out-and-out layoffs. The personnel cuts will leave Nissan with 215,000 workers globally and take place now through March of 2010.

Nissan's planned cuts are markedly more aggressive than those employed by other Japanese automakers, suggesting that Japan's third-largest automaker is even more pessimistic about the potential for near-term economic gains. That appears to be particularly true in its domestic market, where the strong Yen and other factors have conspired to result in 12,000 of the planned job losses. Thanks for the tip, Karen!

[Source: Associated Press via ClockOnDetroit]

Ford reports 4th quarter net loss of $5.9 billion

Ford has so far been able to avoid suckling on the teat of the federal government like its cross-town rivals, but after today's announcement of a 2008 fourth-quarter loss of $5.9 billion, serious questions are beginning to arise about how FoMoCo will fair in 2009.

This will be the third consecutive year Ford hasn't posted a profit, with a $2.8 billion loss in the previous year and $620 million drop during the same quarter of 2007. Ford wrapped up 2008 with $13.4 billion in cash reserves, but has announced plans to draw $10.1 billion in available credit to weather what's sure to be a rough 2009. That would bring Ford's liquidity up to $23.5 billion, sans the money already used for January, and the automaker contends that this is enough to meet its goals for the year. However, if Ford continues its fourth-quarter cash burn rate of $1.83 billion a month, there's a distinct possibility that FoMoCo execs might be knocking on Uncle Sam's door before the year comes to a close.

On a more positive note, Ford posted a 2008 pre-tax profit of $1.06 billion in Europe, although the last quarter saw a drop of $330 million. Hit the jump for Ford's full press release.

[Source: Ford]

Smart USA sells almost 25,000 fortwos in first year

The Smart fortwo couldn't have come to the United States at a better time. Skyrocketing fuel prices and a dearth of fuel efficient vehicles gave Daimler's Tiny Tim a big push to the tune of 25,000 units for the year, far surpassing Smart's goal of 15,000 units. Smart's success is also another feather in the cap of Roger Penske. Penske is the only US distributor for Smart, with only 74 dealers spanning 35 states, and surprisingly, smart achieved its considerable success without using television as an advertising medium.

The fortwo used an extensive online marketing campaign that included $99 down payments. 100,000 people sent in their checks for $99, and Penske says about 55% of those down payments will result in sales. The Penske Automotive Group is expecting another 25,000 sales for 2009, and six more dealers are going to be added. What's left to be seen is whether the fortwo can sustain success if $2 per gallon gasoline sticks around for an extended period of time.

[Source: Automotive News - Sub. Req.]

Nissan GT-R SpecV: Details, live images and video

Nissan's press release on the GT-R SpecV left a lot of unanswered questions, particularly the geeky tidbits that we thrive on. So with the help of our friends at the GTRBlog, who were on hand for the unveiling in Japan, and a few of our super-secret sources abroad, we were able to scrounge up some of the more salient details on Nissan's upgraded Godzilla.

To begin with, Nissan maintains that the GT-R SpecV is aimed at the discerning enthusiast, the same kind of buyer that would pass up the Porsche 911 GT3 for the RS variant. For $170,000, that's a very select group of consumers, but we doubt Nissan will have much difficulty moving the 20 to 30 SpecVs it'll be producing each month when sales begin February 8th.



Peak output remains the same, at 478 horsepower, but a switch on the right of the steering wheel (shared with the cruise control) activates an electronic circuit to boost mid-range torque by 15 lb-ft (up to 449 lb-ft). A green light illuminates on the dash when the overboost function is enabled, giving drivers 80 seconds to perform any overtaking maneuvers, and then defaulting back to the standard setting.



The SpecV's carbon ceramic brakes were developed in conjunction with Brembo and are painted silver to differentiate the upgraded stoppers from the standard GT-R. Although the six-piston (front) caliper size remains the same, the discs have been upgraded to 390mm (15.35 inches) and fitted with SpecV specific brake pads. Nissan claims a weight savings of 11 pounds per corner and –2.0 Gs worth of stopping power, but the system comes at a cost: $45,000.




The 20-inch RAYS forged aluminum wheels – the same units offered on the NISMO Clubsports GT-R -- also contribute to the overall weight savings, which comes in 132 pounds lighter than the standard model at 3,704 pounds. As mentioned in our previous post, Nissan replaced several components with lightweight carbon fiber, including the seats, interior trim (even the seat-back adjuster), grille and brake ducts, along with the trick dry carbon fiber rear wing (coated in clear matte paint) that increases downforce. The Bilsteins have been retuned to be more responsive on the racetrack and the engine cover has been replaced with a SpecV-only piece. The standard GT-R hues are available, but if you want to stand out, the Ultimate Opal Black paint job will set you back an additional $6,100.



Nissan hasn't released 0-60, 0-100 or quarter mile times yet, but we expect some official figures in the coming weeks. And as for a Nurburgring time... just you wait.

Mercedes-Benz pays $28.9m in fines for fuel efficiency crimes

According to the NHTSA, more than $37 million in fines were collected last year for cars sold in 2007 from manufacturers that failed to meet current CAFE standards. Of the six manufacturers that paid fines, Mercedes-Benz was hit the hardest, racking up an astounding $28.9 million bill that was paid in December. That's a huge figure, especially in this troubled automotive market, but it's actually a bit smaller than the $30.3 million fine paid by DaimlerChrysler the previous year -- a figure that still holds the record. Go Daimler!

Other marques that failed to meet CAFE requirements included Volkswagen, which was hit with a $4.5 million sum, along with Porsche and Maserati, both of which paid fees of $1.2 million and Ferrari, which managed to skate by with a relatively paltry $1.1 million fine.

With increasingly strict regulations expected in the near future, these fines don't exactly bode well for the manufacturers of higher-end luxury vehicles, and the fact that the timing for these requirements is still undecided makes it even tougher to plan for them.

[Source: Detroit Free Press]

By The Numbers - 2008: Phew! Glad That's Over Edition

We didn't know sales for the U.S. auto industry in 2008 would be this bad when the year began, but it sure ended on a fitting note. Over the past six months or so we've seen the U.S. auto sales market nearly collapse and almost take our own domestic auto industry with it.

Nevertheless, there were a couple of standouts. Both MINI and Subaru somehow managed to post sales gains in 2008 compared to the previous year. The success of MINI is likely due to production capacity more than popularity, but we have no explanation for Subaru other than its sales staff is more persuasive than at your average car dealership.

As for the big dogs, despite the whole lot of them being hit equally hard over the past few months, Japanese automakers had a stronger first half of 2008. As such, their year-end sales data looks better than the domestics with Toyota being the worst performing Japanese automaker at -15.4% and Honda fairing the best with a drop of just 7.91%. In comparison, Ford Motor Company (-20.7%) and General Motors (-22.9%) were equally unimpressive while the Chrysler Group hemorrhaged sales and finished down a full 30%.

As for the rest of the auto industry, it's all there below and it isn't pretty.

BY THE NUMBERS - 2008
Brand	Vol. % Change	Total Sales 2008	Total Sales 2007	DSR % Change	Daily Avg. 2008	Daily Avg. 2007
Acura	-19.8%	144,504	180,104	-20%	469	587
Audi	-6.1%	87,760	93,506	-6.4%	285	305
BMW	-15.2%	249,113	293,795	-15.5%	809	957
Buick	-26.2%	137,197	185,791	-26.4%	445	605
Cadillac	-24.9%	161,159	214,726	-25.2%	523	699
Chevrolet	-20.5%	1,801,131	2,265,641	-20.8%	5,848	7,380
Chrysler	-38.3%	335,108	543,011	-38.5%	1,088	1,769
Dodge	-25.9%	784,113	1,058,402	-26.2%	2,546	3,448
Ford	-19.7%	1,687,731	2,101,244	-19.9%	5,480	6,844
GMC	-25.5%	376,996	505,746	-25.7%	1,224	1,647
Honda	-6.4%	1,284,261	1,371,438	-6.7%	4,170	4,467
HUMMER	-50.9%	27,485	55,986	-51%	89	182
Hyundai	NA
Infiniti	-11%	112,989	127,038	-11.3%	367	414
Jeep	-29.7%	333,901	475,237	-30%	1,084	1,548
Kia	-10.5%	273,397	305,473	-10.8%	888	995
Lexus	-21%	260,087	329,177	-21.2%	844	1,072
Lincoln	-18.4%	107,295	131,487	-18.7%	348	428
Mazda	-10.9%	263,949	296,110	-11.2%	857	965
Mercedes-Benz	-11.2%	225,128	253,433	-11.5%	731	826
Mercury	-28.6%	120,248	168,422	-28.8%	390	549
MINI	28.6%	54,077	42,045	28.2%	176	137
Mitsubishi	-24.6%	97,257	128,993	-24.8%	316	420
Nissan	-10.9%	838,361	941,200	-11.2%	2,722	3,066
Pontiac	-25.3%	267,348	358,022	-25.6%	868	1,166
Porsche	-25%	26,035	34,693	-25.2%	85	113
Saab	-34.7%	21,368	32,711	-34.9%	69	107
Saturn	-21.7%	188,004	240,091	-21.9%	610	782
Subaru	0.3%	187,699	187,208	-0.06	609	610
Suzuki	NA
Toyota	-14.6%	1,957,575	2,291,648	-14.9%	6,356	7,464
Volkswagen	-3.2%	223,128	230,572	-3.5%	724	751
Volvo	-31.2%	73,102	106,213	-31.4%	237	346
COMPANIES
BMW Group	-9.7%	303,190	335,840	-10%	984	1,094
Chrysler LLC	-30%	1,453,122	2,076,650	-30.3%	4,717	6,764
FoMoCo	-20.7%	1,988,376	2,507,366	-30%	6,456	8,167
General Motors	-22.9%	2,980,688	3,866,620	-23.2%	9,678	12,594
Honda America	-7.91%	1,428,765	1,551,542	-8.21%	4,369	5,054
Nissan NA	-10.9%	951,350	1,068,238	-11.2%	3,081	3,480
Toyota Mo Co	-15.4%	2,217,662	2,620,825	-15.7%	7,200	8,537

Porsche raises stake in VW to 50%

Porsche is continuing to wag the dog by upping its stake in VW to over 50%. The move, which cost Porsche $8.49 billion, adds another 8% to the German automaker's ownership stake. The move to 50% was supposed happen late in 2008, but a short squeeze temporarily skyrocketed VW stock from 210 Euros to over 1,000, delaying the move. Porsche's increase in VW stake also gave the iconic automaker indirect control of Swedish truckmaker Scania. Swedish law requires a mandatory takeover offer, but since Porsche has no interest in truck tech, it will only offer the minimum amount required.

The much smaller Porsche has been deliberate in its bid to own the much larger VW, and its plans don't end at 50%. A Porsche spokesman told Automotive News that, pending market conditions, the company intends to own a 75% stake by the end of 2009. And to think Porsche was once worried that its small size made it vulnerable to be taken over by other companies.

[Source: Automotive News - Sub. Req.]

Toyota plans 11-day plant shutdown in Japan

Toyota execs must think they're living in the Bizarro World. Think about it: operating losses, plunging sales -- these were terms once reserved for its lowly competitors. Not anymore. Now, Toyota's feeling the sting of a down market along with everyone else and is taking steps to try and stop the bleeding. An already-planned 3-day production freeze this month at all of Toyota's Japanese manufacturing plants has now swelled to include 11 more days in February and March. Toyota's hoping to scale back inventories in the face of flagging car sales everywhere. Cue the R.E.M...

[Source: Reuters, AFP]

Porsche Panamera to officially debut at Shanghai show in April

Underscoring the continued importance that automakers are placing on the Chinese market (especially in this difficult economic environment), Porsche has made it official that the new Panamera will debut in the Middle Kingdom in April. Porsche's new four door hatchback coupe/sedan gran turismo thingy will get its first public showing at the Shanghai Motor Show from April 20-28. In spite of its controversial looks, the Panamera should not be wanting for performance. Direct injected engines ranging from the Volkswagen 3.6-liter V6 up to 500 horsepower turbo V8 from the Cayenne will be available.

Backing up the engines will be a choice of 6-speed manual and 7-speed PDK dual clutch gearboxes, with power going to either the rear or both axles. At some point in the next couple of years, Porsche will add its hybrid system to the Panamera as well. Now, if they would just do something about the humpback looks, we might be able to get excited about its arrival.

Tata Indica celebrates decade of sales with special edition

This cute little guy is the Tata Indica Vista, a special edition created to celebrate ten years of Indica sales. The Indica has perennially been one of India's best selling cars, as well as being Tata's prime mover. Given credit for greatly lifting the fortunes of the company, the Indica walks off with 78% of sales among the cars built on its platform (like the Indigo and Marina).

With design elements that might be generously taken from Ford's European design language, the Vista's changes from the regular Indica are all cosmetic. It will get a specially designed number plate, an interior with better materials and design, an integrated audio system and double-stitched seats. It will come in a selection of colors and a variety of wheel options, and if you're keen on the Vista, you can even read a review. For the rest of you, the full press release is after the jump. Let's hope Tata can create the same magic with Jaguar and Land Rover after ten years of ownership.

[Source: Indian Autos Blog]

9ff hits the dusty trail with Cayenne Vantage GTR

9ff has established itself as a serious player in the pursuit of toppiling OEM's top-speed records, but the German tuner's range of modifications for Porsches spans the spectrum from mild to wild. Wild, in this case, includes the 9ff Vantage GTR. It's based on the Cayenne SUV and has nothing to do with the 911-rivalling Aston Martin, but the 9ff sport-ute packs a mighty punch. With a whopping 725hp on tap, the Vantage GTR leaves other modified Cayennes in its dust – make that a big cloud of dust – and straight into Gemballa territory, which is an insane place to spend any amount of time.

To match the power output, 9ff has decked out this Cayenne in Tumbler-worthy bodywork and sinister matte black finish, and is apparently even offering a revised front end to replace the stock model's angular headlights with round 911 units. See for yourself in the gallery below.

[Source: autoblog.nl via Motorpasion]

Branew to unveil tuner kit for new Nissan 370Z

Nissan sportscars – the Z included – are a popular base for tuners, so it should come as no surprise that, with the newly revised 370Z just revealed, the JDM aftermarket is already lining up with their range of extras. Next up to bat is Branew, the Japanese tuner whose GT-R we spotted at SEMA wearing giant 23-inch rims.

The Branew 370Z offers a remapped ECU, tightened suspension and upgraded brakes, as well as an aero package complete with front spoiler, side skirts, rear diffuser and wing. A variety of wheel options in various unreasonable sizes are also expected to be offered when Branew unveils the full package in January at the Tokyo Auto Salon. In the meantime, you can check out the pair of images in the gallery below.

[Source: CarScoop via WCF]

GM ups incentives: zero percent financing for up to 60 months

General Motors is celebrating GMAC's decision to loosen credit restrictions by increasing incentives on many remaining 2008 models. Effective immediately, the General is offering 0% APR for 60 months on the 2008 Chevy TrailBlazer, GMC Envoy, and the entire Saab lineup. All GMT900 full-size SUVs and every member of the 2008 Cadillac lineup also gets a big-time incentive boost, with 1.9% financing available for 60 months. The rock-bottom deals come in addition to cash incentives of up to $4,250. GM is also offering financing as low as 3.9% on select 2009 models, including the well-received Cadillac CTS. Hit the jump to see GM's official list of available financing specials.

[Source: GM]

PRESS RELEASE:

GM Announces Significant New Loan Financing As Low As 0% APR for Up To 60 Months

DETROIT – GM today announced new reduced rate financing as low as 0% APR for up to 60 months on select new cars and trucks. The reduced rate financing is available to qualified buyers today through January 5, 2009 on many 2008 and select 2009MY vehicles (see list below). Of note, many of the vehicles listed below have stackable bonus cash and/or dealer cash ranging from $500 to $4,250.

"We're very excited to offer this reduced rate financing through GMAC to encourage our customers to get back into the game," said Mark LaNeve, vice president, GM North America Vehicle Sales, Service and Marketing. "This enables even more qualified customers to finance through GMAC at their local GM dealership, and provides additional financing capacity with conventional and reduced rate APRs for our dealers to make sales. With GM's Financing That Fits, and the Red Tag Sale now underway that offers supplier pricing, customers have an opportunity to get a variety of extremely attractive offers through the end of the year."

2008MY vehicles and offers for qualified buyers:

* 0% APR for up to 60 months on '08 Chevrolet TrailBlazer; GMC Envoy; and Saab 9-3, 9-5, 9-7X
* 0.9% APR for up to 60 months on '08 Buick Lucerne
* 1.9% APR for up to 60 months on '08 GMC Yukon and Yukon XL; Chevrolet Tahoe, Suburban and Avalanche; Cadillac CTS, SRX, Escalade, DTS, STS and XLR
* 2.9% APR for up to 60 months on '08 Buick Lacrosse; HUMMER H2 and H3
* 3.9% APR for up to 60 months on '08 Chevrolet Equinox, Colorado Ext and Crew cab and Light Duty Silverado; Pontiac Torrent; GMC Canyon Ext and Crew cab, and Light Duty Sierra
* 4.9% APR for up to 60 months on '08 Saturn Astra and Sky; Pontiac Solstice; Chevrolet Corvette and Heavy Duty Silverado; and Heavy Duty GMC Sierra


2009MY vehicles and offers for qualified buyers:

* 3.9% APR for up to 60 months on '09 Chevrolet Cobalt; Pontiac G5; and Cadillac CTS
* 4.9% APR for up to 60 months on '09 Pontiac G6; Chevrolet Malibu, Light Duty Silverado and HHR; Saturn Aura; and Light Duty GMC Sierra
* 5.9% APR for up to 60 months on '09 Chevrolet Avalanche and Heavy Duty Silverado; and Heavy Duty GMC Sierra

GMAC opens up financing after $5 billion fed loan

GMAC is officially opening up lending to buyers with credit scores of 621 or higher after a $5 billion investment from the federal government. A credit score of 621 is considered by some lenders to be the Mendoza line that separates good borrowers from the subprime. The financing arm of General Motors, which is majority owned by Chrysler's sugar daddy, Cerberus Capital Management, had been crippling the automaker's ability to sell cars and trucks after declaring in October only customers with credit scores of 700 or better would be lent to. The money that's greasing the gears here comes from the $700 billion Troubled Asset Relief Program and is separate from the $13.4 billion that GM received from the government to avoid bankruptcy. The investment by the fed should allow GM to sell more vehicles than it has during a dismal fourth quarter that's seen sales drop by 40% or more.

The government also gave GM an additional $1 billion to participate in a rights offering at GMAC connected to its reorganization as a bank holding company. And GMAC also announced that it raised enough capital in a debt swap to satisfy federal requirements. Executive compensation was also cut, as a pool of bonus funds was reduced 40% versus 2007 levels. Thanks for the tip, Jack!

[Source: Automotive News, sub. req'd, Photo by Justin Sullivan/Getty]

Lotec updating Sirius supercar?

The Lotec Sirius has been around since the early 2000s after former Group C2 champion Kurt Lotterschmid vowed to create a supercar capable of taking on the best from Italy and beyond. The original car was motivated by a twin-turbocharged 6.0-liter V12 supplied by Mercedes-Benz and put out between 850 and 1,200 hp depending on the spec. After a few hard years and several production delays, Lotec plans to release an updated Sirius in 2009 and has previewed the new supercar in a series of renderings.

Power output is likely to be down from the previous model due to the V12's lack of availability, but the tubular steel frame and carbon fiber body will remain, allowing the Sirius 2.0 to tip the scales at just over 3,000 pounds, despite being equipped with power steering and air conditioning. Performance should be on par with the outgoing model, with a claimed 0-62 mph sprint of 3.8 seconds, the run to 120 done in under eight seconds and a supposed top speed of 242 mph. Considering the difficulties Lotec has faced in the past, we doubt we'll see the new Sirius on a stand at any international show, but we can hope for an appearance in Geneva.

[Source: Autoweek.nl via MotorAuthority]