Our current age is one of multistate megadealers, Carmax, Ebay, and an ever-growing number of other depersonalized ways to buy a car. In these giddy times of direct sales experiments and apps for online vehicle purchases, it’s easy to forget that local franchise car dealers were pillars of American community life for decades. At the Bob McDorman Automotive Museum in central Ohio, however, the days when car dealers were more than just a place to buy a shiny new consumer product are alive and well.
The Chevrolet Corvette may be outselling all of Porsche’s sports car models combined, but GM will still sell fewer Corvettes this year than the number of Chevy Cruzes they are likely to sell this month. You might think that one of General Motors’ lowest volume cars could not contribute much to the company’s bottom line, but the success of the 7th generation Corvette will mean hundreds of millions of dollars more in profit this year for the automaker. (Read More…)
BMW’s M235i has earned the highest marks ever bestowed upon the German automaker’s lineup from Consumer Reports, while also besting the Porsche 911 and Chevrolet Corvette in road tests whose results were recently released online.
While perusing Chevy’s website to see if there is any color of the 2014 Corvette that actually makes the car look halfway decent, I came across the financing offer pictured above. And, no, I did not enter any personal info that would lead GM’s captive Ally Financial (or whoever the hell GMAC is now) to deem me only eligible for such a high interest rate. Just what is going on here?
In today’s General Motors digest: An ignition-related issue is quietly fixed years before the February 2014 recall; a Chinese supplier is blamed for defective switches recalled in June; Ally prepares to take flight from the Beltway; and Mark Reuss helps bring back a Corvette stolen 33 years ago.
Bloomberg reports the compensation fund designed by attorney Kenneth Feinberg for General Motors will have “a relatively modest timetable to invite claimants to file their claims” once the claim period begins August 1. Feinberg also said by the end of June, he and his team will have a program “that will define who’s eligible to file a claim… what the dollars will look like for those who file,” as well as the obligations the plaintiffs will need to have “to prove their claim.” GM CEO Mary Barra added that her company won’t know the final cost of the fund “until the actual compensation has been run,” though an estimate may come at the end of Q2 2014.
Automotive News reports former General Motors CEO Dan Akerson proclaimed in an interview with Forbes magazine that current CEO Mary Barra had no knowledge of the out-of-spec ignition switch that led to the February 2014 recall of 2.6 million vehicles, going as far as to bet his own life on the statement. Barra added the fallout from the recall is a chance for GM to not only “do the right thing and serve the customer well through” the crisis, but “to accelerate cultural change” within the company. Akerson passed the torch to Barra in December 2013 to take time to care for his ailing wife, and has since rejoined Carlyle Group as vice chairman on its board of directors.
Turning up alongside the new-for-United States Chevrolet Trax, the 2015 Corvette Z06 posed topless before the cameras at the 2014 New York Auto Show. Speaking of, the top can be raised at speeds of up to 30 mph, while the car itself can go from naught to 60 in 3.5 seconds; the time matches that of the hardtop variant.
Aside from “real racers” who insist The 24 Hours of LeMons is a joke, everyone else understands this series’ willingness to embrace engineering and artistic creativity, providing somewhat-wholesome entertainment and—best of all– giving away a metric ton of track time for little cash. As a member of the LeMons Supreme Court in their Texas races, well, bias from judicial bribes and heartless praise bestowed upon me aside…
…here’s a dirty little secret: you can go LeMons racing in any fully depreciated machine with ZERO PENALTY LAPS, no matter how awesome the vehicle was when new. Provided you bend (not break) the rules with your whip. And give everyone a good reason to love/hate you. The Poorvette is proof positive. (Read More…)