By leveraging its national marketing efforts and consolidating dealerships, Hyundai is not just surviving, but actually thriving in the Sacramento area. While other brands struggle to sell cars and beg for government bailouts, Hyundai’s sales numbers are what analysts have characterized as decent during a year in which carmakers, especially the Big Three, have experienced plummeting sales.
When Shaver Chrysler Dodge closed its doors in San Bernardino, the people at Moss Bros. Dodge recognized a great opportunity for expansion. So, two months ago, the dealership added the Chrysler and Jeep lines vacated by the closure to their repertoire. So far, the results have been extremely positive, according to Moss Bros. Chrysler Jeep Dodge’s Parts Director Dale Melvey.
The U.S. Treasury will provide working capital financing for GM for 60 days while GM completes a more accelerated and aggressive restructuring to put the company on sound long-term financial footing. We understand the historic opportunity this presents, and we are fully committed to successfully completing the reinvention of GM.
The Congressional Clash over Clunkers is not over yet. A revised “cash for clunkers” bill was introduced March 17. Now called the Consumer Assistance to Recycle and Save (CARS) Act, the bill proposes to pay vehicle owners to trade in old models for something newer and more fuel efficient. The broad intent is to stimulate demand for newer vehicles now languishing on dealers’ lots and drive up demand for gas hybrids and future all-electrics.
Advisers to GMs' bondholders said March 16 that they have presented a plan to the federal autos task force and to GM that provides GM's best chance for an out-of-court restructuring.
With the announcement of Chrysler Financial gaining access to $1.5 billion in loans from the Treasury Department, qualified new vehicle customers will be able to apply for zero percent financing for up to 60 months when financing a new Chrysler, Jeep or Dodge vehicle through Chrysler Financial. The affordable financing terms will be available on select 2008 and 2009 MY vehicles, and are effective immediately.