Everyone wants to sell you a new car these days, then make the payments for you.
Hyundai started it. The Korean company’s Assurance Plus Plan promised that, if a buyer should lose their income, Hyundai would make three payments on the buyer’s behalf, then allow the buyer to return the vehicle and walk away from the payment entirely if needed. The program appears to be a success, helping protect Hyundai from the poor Read more…
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Automaker, Best, Payment, Plan, Protection, Which
American automakers, alive only with federal assistance and in need of massive restructuring to survive 2009, may soon face competition on their home turf. Chinese automaker BYD, displaying its wares now at the Detroit Auto Show, says it plans to move into the U.S. market by 2011.
Kicking Tires reports that the company “says it will launch models…in Europe in 2010, and that it plans to enter the U.S. market in Read more…
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2011, Automaker, Chinese, Plans, Sales
The Senate is debating it. President-Elect Barack Obama and Senator John McCain are discussing it. The White House is refining its statements on it. The number one issue in America today is the possibility of using taxpayer money to keep Detroit’s Big Three automakers afloat in an economic downturn when auto sales can’t support them.
The Senate will begin debate on the matter today. The San Francisco Chronicle explains, Read more…
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Automaker, Bailout, Congress, Takes