Monday, March 15, 2010

 

Ford surpassed GM in sales for the first time in 50 years.

This past February, for the first time in more than 50 years, Ford has sold more cars in one month than rival GM, by 471 units.
To reverse the trend, President Obama is promising to throw a free lifetime colonoscopy to everyone who buys a new Government Motors car.

For more, see latimes.com

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Monday, July 28, 2008

 

Chrysler to get out of the auto leasing business.

Chrysler announced on Friday that it is exiting the auto leasing business as of August 1 but promised to offer discounts to many customers who financed a vehicle through its leasing program so they would end up paying the same monthly payments as if they have stayed in a lease. On Thursday, Ford announced a $2.1billion write-down in the second quarter related to unprofitable leases from its financing division.
Who can blames Chrysler knowing that its gas guzzling trucks and SUV resale values are less than the one of their full tank of gas.

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