• Hyundai Assurance Gas Lock Promises Discounted Fuel

30th June 2009

Hyundai Assurance Gas Lock Promises Discounted Fuel


On the heels of its successful Assurance and Assurance Plus programs, Hyundai is now offering buyers of its new cars the opportunity to enroll in a program called Assurance Gas Lock. The new program will guarantee new Hyundai lessees or buyers a year's worth of regular gasoline for just $1.49 a gallon. If drivers elect to buy mid- or premium-grade gasoline, they’ll pay just $1.64 or $1.79 per gallon, respectively. The fuel price is locked in for a year and entitles drivers to enough fuel to cover 12,000 miles.

The program is available on all new Hyundais except the Genesis sedan, Genesis Coupe, and Accent GS. The fuel savings could be big: current regular-grade gasoline averages $2.64 per gallon, according to the Energy Information Administration. And buyers enrolling in the program can still profit from certain rebates and financing discounts available on new Hyundai models.

If the idea sounds familiar, it’s because Chrysler launched a similar scheme, dubbed Refuel America, in May 2008. The Pentastar's program allowed drivers to buy gas at $2.99 per gallon for three years, until late 2011. Yet national fuel prices have since dropped below $2.99, so drivers enrolled in the plan no longer save money on gas. Moreover, buyers who signed up for the Refuel America program were automatically ineligible for reduced APR rates or consumer cash back offers on new Chryslers, Dodges, or Jeeps.

Hyundai’s offer looks to be a better deal because it doesn't ban consumers from receiving additional customer incentives, and we highly doubt gasoline is going to drop below $1.49 per gallon—and if it does, it won't stay there for long.

Read more about the Hyundai Assurance plan: Recession-Fighting Buying Programs – Car News

Read more about upcoming fuel-sipping models from Hyundai: Fuel-sipping Variants of Accent, Elantra – Car News

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30th June 2009

Magna Bid to Buy Opel May Fall Through as GM Poised to Sign Agreement With Rival Bidder

Magna Bid to Buy Opel May Fall Through as GM Poised to Sign Agreement With Rival Bidder Magna Bid to Buy Opel May Fall Through as GM Poised to Sign Agreement With Rival Bidder
After continued rumors that General Motors was still shopping-around its European Opel operations, it appears as though a new buyer has been found. RHJ International, a Belgian company has been cited as the latest bidder and apparently a tentative deal could be signed by the end of the week. Initially Opel was slated to be sold [...] more

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30th June 2009

First Drive: 2010 Chevrolet Equinox Ushers in New GM Era


Autoblog.com by Sam Abuelsamid - The Chevrolet Equinox has never really been a loser in the compact crossover segment, but it has also never really been a leader, either.  It was always just kind of “okay”, with milquetoast styling, so-so performance and reasonable roominess, but never anything really attention grabbing.  Coming just a week after General Motors filed for Chapter 11 bankr5uptcy protection, Chevrolet General Manager Ed Peper officially introduced the all-new 2010 Chevy Equinox as the first product of the “New General Motors,” and it’s clear that the company hopes their new baby is able to grab a much larger share of this burgeoning segment. Read the rest of this entry »

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29th June 2009

General Motors May Sell Rebadged Prius

General Motors May Sell Rebadged Prius General Motors May Sell Rebadged Prius
Toyota may share a version of its Prius hybrid with General Motors according to a recent report by Bloomberg. Sources say Toyota President Akio Toyoda and GM CEO Fritz Henderson will meet in August in Michigan to discuss the possibility of selling a version GM-badged Prius - or possibly using Toyota hybrid technology to build [...] more

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29th June 2009

GM execs to reportedly meet with Toyota regarding hybrid sharing

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2010 Toyota Prius - Click above for high-res image gallery

Rumors that General Motors may get access to Toyota's proprietary hybrid technology just won't go away. Today, Bloomberg cites two unnamed sources in reports that Toyota President Akio Toyoda and GM chief Fritz Henderson will meet this August in Michigan to discuss the possibility of a GM-badged version of the Toyota Prius hybrid hatchback.

For the record, both General Motors and Toyota have repeatedly denied that any such talks have taken place in the past and have said it's unlikely that they ever will in the future. Many of these rumors indicate that the two automakers are considering building the Prius together at the New United Motor Manufacturing Incorporated (NUMMI) joint venture in California, but GM has today announced that its involvement in NUMMI is over.

It remains a possibility that Toyota will fully take over the reigns at NUMMI to finally build the Prius in America, but even if that's the case, it's extremely unlikely that General Motors will have anything to do with the project in light of its own massive undertaking of readying the Chevrolet Volt for the market in 2011.



[Source: Bloomberg]
Photos copyright (C)2009 Sam Abuelsamid / Weblogs, Inc.

GM execs to reportedly meet with Toyota regarding hybrid sharing originally appeared on Autoblog on Mon, 29 Jun 2009 17:29:00 EST. Please see our terms for use of feeds.

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29th June 2009

2010 Aston Martin DBS Volante - First Drive Review

For the special agent on holiday, Aston chops the roof off its DBS supercar.

BY MIKE SUTTON


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29th June 2009

2010 / 2011 Aston Martin Cygnet - Car News

Aston Martin badge-engineers a Toyota. For serious.

BY JENS MEINERS


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29th June 2009

After 25 years, GM ditches NUMMI tie-up with Toyota

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As part of its "New GM"/"Old GM" bankruptcy proceedings, General Motors has announced that it will abandon its ownership stake in the New United Motor Manufacturing Incorporated (NUMMI) joint venture with Toyota.

According to an official statement, GM and Toyota worked to find a future product that would work for both automakers, but they were apparently unable to do so. As a result, GM will assign its NUMMI stake to "Old GM," effectively ending a 25-year partnership with the Japanese automaker.

Over the last quarter-century, the Fremont, California plant has produced a number of vehicles for GM, including the current Pontiac Vibe, as well as the Geo/Chevrolet Prizm, and the Bowtie'd Nova that preceded it.

There is no word on what (if any) effect the deal's collapse will have on Toyota's NUMMI-made products which include the Tacoma pickup and Corolla sedan. According to NUMMI's official website, 5,440 workers are employed at the plant. Official press release after the jump. Thanks to everyone for the tips!

[Source: General Motors; NUMMI | Image: Hokubei]

Continue reading After 25 years, GM ditches NUMMI tie-up with Toyota

After 25 years, GM ditches NUMMI tie-up with Toyota originally appeared on Autoblog on Mon, 29 Jun 2009 15:58:00 EST. Please see our terms for use of feeds.

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29th June 2009

Boss Wagon VI: Mazdaspeed 5 - Video

Boss wagon VI: How a simple engine swap transformed a Mazda 5 into a “Mazdaspeed 5,” and whether that was a good idea to begin with.



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29th June 2009

Wink, Wink: GM officials reportedly coyly confirms Camaro Z28… but it isn’t coming soon

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According to the well-connected boys over at Camaro5, General Motors will indeed produce a Chevrolet Camaro Z28 after all... and they've even scored some details on the hi-po offering.

According to Camaro5 user Hiney1 who attended a special question and answer session at the Carlisle Nationals this weekend (seen above), a Z28 will arrive after the Camaro Convertible, itself expected in the spring of 2011.

The Z28 will reportedly make use of some sort of high-output LS-based engine (C'mon, guys! You're killing us!), and it will incorporate a hood similar to that of the Bumblebee edition, along with a unique grille, the usual spate of graphics and emblems, and perhaps even a tweaked rear-end. Thanks for the tip, Jay!

[Source: Camaro5]

Wink, Wink: GM officials reportedly coyly confirms Camaro Z28... but it isn't coming soon originally appeared on Autoblog on Mon, 29 Jun 2009 15:29:00 EST. Please see our terms for use of feeds.

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