Are you ready for an electric car?
Posted on February 12, 2009, under Latest News and Trends.
As the global recession tightens the noose around Chrysler, Ford and General Motors, Toyota has fired another bullet into the cachets of the already wheezing US auto giants. Irreverent as ever Toyota, which has so far managed to escape the financial backslap rendered by fluctuating fortunes on the markets, albeit with scratches and bruises, has announced intentions to launch a hybrid electric in Australia based upon its iQ model which was recently launched in Japan. (more…)
Obama’s Cadillac One
Posted on February 12, 2009, under Latest News and Trends.
Customized, made-to-order for the American President, this General Motors beauty comes packed, and we mean packed with every imaginable and unimaginable luxury and technological gadget that is geared towards protecting the life and limb of the American President. (more…)
2009 Aston Martin V8 Vantage Coupe
Posted on February 12, 2009, under Car Reviews.
Car finance customers who have ever wished that Aston Martin would one day launch its cheapest, smallest and still the most enduring car around, then this year the Tooth Fairy came early. The V8 Vantage Coupe is the model with the highest volume that has been launched so far. The makers have launched such a model to vehemently compete with the Porsche 911, The Audi R8, The Carrera S, The BMW M6 and The Mercedes SL550. The hallmark about the car is that it still manages to stand out from all of them and appear as the showstopper. Lighter than the M6 and more dexterous than the SL, the V8 exemplifies panache coupled with elegance something that is unlike the macho R8 and the hardcore 911. The vehicle is priced at around $110,000 and gives potential buyers a chance to hound banks and financial institutions for car loans, auto loans and car finance. Chattel mortgage and hire purchase also seems to be a fine option if vehicle is being used for business purposes. (more…)
US offers $US6bn to support auto lender GMAC
Written by Mark Felsenthal
Reuters
WASHINGTON — The Bush administration has expanded its bailout of the US auto industry, saying it was buying $US5 billion ($A7.2 billion) in equity in auto and mortgage finance company GMAC and increasing a loan to General Motors by $US1 billion.
The action was the latest in a lengthy series of emergency government moves aimed at easing the worst credit crisis since the 1930s and limiting the severity of a year-long recession. (more…)
