With much abuzz around General Motors return to the stock exchange after their downfall and a gigantic bailout from the U.S. government, the country was watching in late November to see how the first day was going to go.
According to an article found on freep.com, the day couldn’t have gone better for GM. The shares closed at an asking price of $33. Dan Akerson, CEO of General Motors, was present for the whole day. He began with an interview on CNBC, and his day got even better when, “…the Chevrolet Volt extended-range electric car beat out its pure-electric Nissan Leaf rival for Green Car of the Year.”
Though General Motors appears to be very excited to be back in the market, the company is well aware that reaching the success they once had will take some time. During a press conference in Detroit held in mid-November, Akerson said, “Sixteen months ago, we were pretty much flat on our backs. But we picked ourselves up…Now we have to earn the trust of those who placed their financial faith in us.”
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In America, when a consumer sees GM, we know cars are involved. However, in Canada, GM has been taken over by a totally different kind of company.
According to an article with the Detroit Free Press, a Canadian company called Geo Minerals is known in the Canadian stock exchange. Apparently, the moniker was offered to the mining company “before it went public in 2007.” General Motors had used GM ticker from 1972 until 2005 when the company was no longer involved in the Toronto Stock Exchange. Michael London, the CEO of Geo Minerals, reports that GM has offered to pay the mining company for the return of the GM ticker to the car giant.
London has refused the offer, and now General Motors has announced they will use GMM as their ticker in the Canadian stock exchange. GM is confident their investors are well informed of the decision, and that there will be minimal confusion.
Our auto shipper companies hope that the Canadian mix-up pans out well for both of the involved companies.
Looks like Toyota’s malfunction nightmare isn’t over quite yet.
An article with the Detroit Free Press reported that a California judge will not throw out lawsuits that Toyota hoped would disappear. These lawsuits have been brought on by Toyota owners that claim last year’s “sudden-acceleration defects” caused the car’s worth to drop significantly. Toyota is adamant in their fight against these lawsuits, claiming that the problems were based on, “driver error, faulty floor mats and sticky accelerator pedals for the unintended acceleration.” There are reportedly over 24 lawsuits that Toyota’s attorneys attempted to have dismissed in the California court system.
There are also several lawsuits pending for those, “…that seek compensation for injury and death because of sudden acceleration.” Toyota lawyers are also attempting to get rid of these lawsuits are well.
Lawsuits are also pending for those seeking compensation due to the brake defects in the Prius model.
Our auto shipper companies hope these legalities are solved fairly and with the consumers’ best interests kept in mind.
Car companies have spent years trying to make their vehicles quieter – but as many companies have found out, quieter isn’t always better. Many drivers became concerned that other drivers could not hear them coming on the highway, and that pedestrians would not hear them, either.
In order to alleviate this problem, Nissan’s luxury brand, the Infini, is releasing a car with a built-in noise system. The 2012 Infiniti M35h, the Infiniti’s first “in-house-developed hybrid”(from an article with the Detroit Free Press), will be the first to have this warning system. Called the Approaching Vehicle Sound for Pedestrians (or VSP), the system starts working “from start-up to approximately 20 m.p.h.”
Initially, this system was only going to be installed in solely electrical cars, not hybrids. Some vehicles that may implement the system include the new electric Nissan Leaf. The article claims, “…Infiniti wants to underscore how quiet the new M is by having the warning system when the car goes on sale early next year.”
Our auto shipper companies may not be silent, but we get the job done. Visit our websites for more information.
Speed isn’t important to most of us while shopping for a new vehicle, but for a police officer, speed is a key component in law enforcement.
An article with the Detroit Free Press reported that Ford’s new Police Interceptor delivered the quickest lap time of all the car companies who performed at the L.A. Sheriff’s Department’s cop car tests.
These tests are observed closely by police departments all around the nation – many depend on the results of these tests to choose the cars they will purchase to fill their fleets.
The competition was tough this year, as General Motors and Chrysler also had new police car models that were being tested. Their new models included GM’s Chevrolet Caprice and Chrysler’s Dodge Charger Pursuit.
The winning Police Interceptor boasts a 3.5 liter “turbocharged” engine. This certainly contributed to its speedy lap performance.
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Ford may be optimistic about their future, but they are certainly taking the time to remember their past.
An article with the Detroit Free Press reports that, “A museum celebrating the Ford Model A is planned for southern Michigan that will be housed in a building designed to resemble one of the automaker’s old dealerships.”
The museum will be built in a town called Hickory Corners, which is about 100 miles west of Detroit. The building is estimated to cost about $1.6 million. The Model A Ford Foundation, a nonprofit, will lead the effort to raise the money for the construction.
Apparently, the museum is not only to display the old Ford models, but will exist as a walk through Ford’s history. The executive director of the Model A Ford Foundation claims, “It will take you on a journey through the Model A years – the end of the Roaring ‘20s, the stock market crash in ’29.”
Our auto shipping companies are interested to see the result of the effort.
While most competitions are based on actual models, one in California called the Design Challenge operates a bit differently.
An article with nytimes.com highlights the Design Challenge, a competition in Southern California “in conjunction” with the L.A. auto show mid-November. This challenge involves digitally produced images, so money (and materials) is no object.
In 2010, participants were dared to dream of a car that weighted less than 1,000 pounds. This light, and the models also had to have four doors.
Another stipulations – the cars had to be, “more comfortable and safe, while delivering satisfactory driving performances, without sacrificing the styling consumers’ demand.” One of the heaviest parts of a car is the engine, so many participants chose to ditch the engine and claimed their cars would run on “compressed air.” A nice thought, but not so practical for cars to go a long distance at a fast rate.
For more realistic ideas, visit our auto shipper companies’ websites.
During a routine oil change, one California college student found something more than just a little out of the ordinary going on with his car.
According to an article on nytimes.com, a mechanic, …”found a suspicious wire sticking out at the right rear of his car. The garage owner pulled on it, and detached a GPS transmitter that had been attached to the chassis with a magnet.” The owner of the car, Yasir Afifi, held onto the device and posted pictures of it a well known website called Reddit. Afifi’s post recognized the found object as a GPS tracking device.
Soon after the device was pulled off the vehicle, FBI agents arrived at Afifi’s apartment and demanded the device back. Afifi gave it to them willingly.
A recent ruling grants permission for GPS devices to be installed by federal authorities without the car owner’s knowledge. Afifi’s deceased father, “…was an Islamic-American community leader.”
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Mercedes announced a recall on several models due to a steering issue, according to an article on nytimes.com.
Reportedly about 85,000 2010 and 2011 models are being recalled because steering may become difficult due to a manufacturing defect. Models include the 2010 C-Class and the 2010-11 E-Class. Mercedes shared this information with the National Highway Traffic Safety Administration through a recent report.
The problem has to do with, “…a connection fitting on the high-pressure power steering line might not be tight enough, allowing power-steering fluid to leak.” According to reports from the automaker, “Owners may not have sufficient control of the vehicle under circumstances such as parking where maximum power steering is required…could lead to a vehicle crash.” Customer complaints’ brought the problem to the attention of Mercedes.
According to the Times’ article, the recall was voluntary – though once a defect is discovered within an automobile, by law the model must be recalled and fixed.
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This week, the Los Angeles Auto Show opened at the Staples center in downtown L.A. With the economy finally back on the up and up, spirits were reportedly high at the show, according to an article with Detroit Free Press.
About fifty new cars were on display during the show that runs until next Sunday. The mood during the show was exuberant compared to the past two years of the auto show – there were lots of doomsday prophecies for the auto industry, and the mood of the show reflected this. However, for 2010, the show finally felt hopeful. The new fleet of electronic cars impressed attendees, as well as, “…enthusiasm for GM’s stock sale and new models from Ford, Chrysler, BMW, Jaguar, Nissan and more…”
Supermodel Heidi Klum was reportedly in attendance to kick off the show, and automakers are showing no signs of economic strain. Reportedly, car giants like Jaguar and Fiat spoiled media attendees with lavish parties and cigar bars.
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