Steve Saleen said Thursday that he will honor the warranties on some of the products that bear his name–a month after the new owners of his former company said they wouldnt accept the older claims.
Saleen said hell honor warranty claims on products purchased up to Feb. 2, 2009, under the terms of his new company, SMS Supercars in Southern California.
The ones who have been left out in the cold are the loyal customers Read more…
Saturn is attracting interest from a “few” parties that might want to acquire the brand, a General Motors spokesman said Thursday.
GM has hired Steve Girsky, formerly senior auto analyst for Morgan Stanley, to help advise on any possible Saturn deals.
Saturn spokesman Steve Janisse said, “There is interest from investors in doing a spinoff, and there are other entities interested in just buying it.” He said he does not Read more…
As the White House health care summit got underway, President Obama tied the need for reform to the nation’s economic woes, calling it not just a “moral imperative; it’s a fiscal imperative.”
“If we want to create jobs and rebuild our economy, and get our federal budget under control, then we have to address the crushing cost of health care this year, in this Administration,” Obama told lawmakers and so-called “stakeholders” gathered Read more…
Well-known cam shafts company Crane Cams shut down Feb. 24 for restructuring but says it plans to reopen, likely sometime in March.
All of the companys 280 workers were laid off, though about 25 remain to work on military contracts. The closure was in response to the global economic problems, said vice president Steve Leva. He said the Daytona Beach, Fla., company planned to reopen in as soon as a week, or it may take up to 30 days. Read more…
Suzuki, refuting media reports from Japan on Monday, said it still plans to release a mid-sized sedan based on the Kizashi 3 concept in the United States this year.
The Nikkei business daily reported that production plans for the car had been shelved.
“The production version will debut at this year’s New York auto show in April,” said Jeff Holland, spokesman for American Suzuki Motor Corp.
President-elect Barack Obama warned that he will inherit a $1 trillion budget deficit upon taking office, and pledged to ban all earmarks as an attempt to address both the “deficit of dollars and the deficit of trust.”
“We’re going to have to stop talking about budget reform. We’re going to have to fully embrace it,” he said after a meeting with his economic team this morning. “It’s an absolute necessity.”
Fun appears to be on the chopping block at Honda. Plans for the successor to the S2000 sports car, a lineup of rear-drive Acuras, a proposed V8 engine and a drop-top built off the CR-Z hybrid are all dead, according to a report in a British magazine.
The reason: Honda is rethinking its product plans as it grapples with the global downturn in sales and economic conditions, Autocar is reporting.
Japanese automaker Suzuki has backed off plans to build large cars and build assembly plants overseas, according to a report in the Nikkei business newspaper.
Suzuki has shown a series of concept vehicles named Kizashi that executives said were pointing toward a production version of a large sedan. And pictures of sedan protoypes have been captured by spy photographers. The Kizashi has been expected to arrive in showrooms in Read more…