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OEM News

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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 announcement by President Obama, March 30, begins a new era for the U.S. auto industry. It also marks a defining moment in the history of General Motors.

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.

Friday, 13 March 2009 07:44

Chrysler May Pull Out of Canada

A top Chrysler official warned Canadian lawmakers that it might shut down its plants in Canada if it doesn't get significant labor concessions and government aid.

North America's automotive parts supply base faces an imminent collapse over the next 30 to 90 days unless the federal government provides at least $10 billion in immediate funding, Grant Thornton LLP partner Laura Marcero said March 12.

Unless General Motors makes fundamental changes in its basic decision-making process, the company will be “back at the public trough again and again until the public finally grows weary and allows its demise.” That’s the view of Rob Kleinbaum, an auto industry business consultant who has worked or consulted for GM for the last 24 years.

Touted as Victory for Consumers and Small Business Owners by Industry Groups

The "Cash for Clunkers" amendment to the United States Senate stimulus package was withdrawn from the bill on Feb. 5. The "Cash for Clunkers" program would have earmarked federal funds for car owners to trade in their sport utility vehicles in exchange for vouchers to be used to obtain newer, more fuel efficient vehicles.

Once the air clears (pun intended) and the whining ends, what you’re likely to increasingly hear is how the big three automakers are rapidly ramping up their Plug-in Hybrid Electric Vehicle (PHEV) research and development.