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Most of Saleen sold to Michigan group
Wed, 04 Feb 2009The future of specialty carmaker Saleen Inc. is getting a little clearer: Most of the company was sold to a Michigan group last week after being on the block since November. An entity called MJ Acquisitions, which owns parts and engine companies in Michigan, bought Saleen’s performance street-car program, supercharger and aftermarket business from Los Angeles private-investment firm Hancock Park Associates.
Hyundai to guarantee trade-in values
Wed, 20 Apr 2011Starting May 1, Hyundai Motor Co. will guarantee the future trade-in value of its new vehicles. When a consumer buys a new vehicle from a Hyundai dealership, the company will guarantee what the trade-in value of that vehicle will be after the second full year of ownership through the fourth year.
Dodhy motors warning to buyers
Mon, 04 Nov 2013MORE THAN half of those seeking help for "dodgy deal" second-hand car purchases experience faults with their vehicle within a month of buying it, according to Citizens Advice. Essential repairs include smoke emerging from the engine, corroded brake pipes and snapped clutches. Of the 2,519 complaints to Citizens Advice about used cars in the first two weeks of September, a total of 83% were about faults.