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GM CEO Akerson auctions 1958 Chevrolet Corvette for charity
Fri, 17 Aug 2012General Motors CEO Dan Akerson is auctioning off his 1958 Regal turquoise Chevrolet Corvette for Habitat for Humanity Detroit. The proceeds will go to rebuild the Morningside Commons area of the lower east side of the city. Interested buyers can get a preview of the car during the Woodward Dream Cruise.
New car registrations at five-year high September 2013
Sat, 05 Oct 2013New car registrations at five-year high September 2013 Despite the UK economy being in the doldrums for much of the past five years, new car registrations have recovered well ahead of the curve and still seem to be unstoppable. September saw new car registrations hit 403,136 – the highest figure for five and a half years – and the first time since 2008 new car registrations have broken the 400k barrier. We’ve covered the reasons before – pre-reg cars, dealer discounts and even PPI payouts – but car registrations are certainly continuing to give buoyancy to a recovery that’s still fragile.
Crunch watch Feb 09: the auto industry in crisis
Mon, 02 Mar 2009By Tim Pollard, Ben Pulman and Ben Whitworth Motor Industry 02 March 2009 18:11 Monday 2 March• The Volkswagen Group announces a 5% rise in sales revenues in the 2008 tax year and a 3% increase in operating profits, up to €6.3 billion. Chairman Martin Winterkorn said the group's multi-brand strategy and low CO2 cars had helped sustain sales, although he admitted that 2009 would see a fall in demand and revenues (Volkswagen) Friday 27 February• Jaguar Land Rover announces a significant order for 13,000 cars from a Chinese business. It's a morale boost for JLR which has been hit by a slump in demand with the global slowdown (BBC News)• Opel this afternoon agreed to a restructuring plan designed to save as many jobs and factories as possible – but it needs a €3.3 billion lifeline from the state.