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Chrysler says it needs another $2 billion in aid
Tue, 17 Feb 2009In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.
GM recalls Chevrolet Impala to inspect seatbelts
Fri, 15 Oct 2010A problem with the way the front seatbelt webbing is attached to the anchor pretensioner has prompted General Motors to recall nearly 322,500 Chevrolet Impalas from the 2009 and 2010 model years. If the belt is not properly attached to the anchor, it could fail during a crash. Dealers will inspect the vehicles and properly install the belt webbing to the anchor pretensioner, if necessary.
Dealer's belief in Porsche led to $5 million store
Tue, 01 Jun 2010Car dealer Jack Daniels IV is used to seeing the grins on people's faces when they hear his name. And he's OK with it. "People have said, 'It's my favorite drink, so I thought I'd buy a car from you,' " says Daniels, who in April opened the largest Porsche dealership in America.