By on November 28, 2017

NISMO Festival

Not long after promising to build new spare parts for the GT-R as part of its NISMO heritage program, the company threw a big bash at the Fuji Speedway circuit in its honor. More than 150 of its cousins showed up.

This is the 20th year for the NISMO Festival, which showcases the Nissan GT-R and the NISMO brand. It’s as if someone sprinkled fairy dust on an old Gran Turismo game and it sprang to life.

(Read More…)

By on May 16, 2017

Tires

General Motors has announced it will choose “sustainable natural rubber” for the 49 million tires it buys each year. The automaker claims it is establishing a set of buying principals to ensure sustainably harvested materials and is encouraging other automakers to follow suit in a bid to reduce deforestation.

It won’t suddenly make driving your Chevrolet good for the environment, but it should give drivers bragging rights — allowing them to claim their tires killed fewer critters before even getting the opportunity to run any over.

However, environmental smugness is occasionally warranted. With tire manufactures representing 75 percent of the natural rubber market (according to the World Wildlife Fund), an overall shift toward sustainability would provide a measurable impact on deforestation. But what is General Motors getting out of this move and what will the price of environmental awareness be? (Read More…)

By on June 28, 2016

 

20160626_140719

“Hey!” Across the parking lot, my brother was yelling at somebody. “HEY! DO YOU HAVE A FLAG AT THAT CORNER? YES? YOU DO? YOU REALLY HAVE A FLAG? ARE YOU SURE? ABOUT HAVING THE FLAG? YES? THEN WAVE THE FUCKING THING NEXT TIME, YOU IDIOT, SO NOBODY GETS KILLED!”

It was ninety-four degrees at noon, with no shade available anywhere, and tempers were flaring. My son was sitting a hundred feet away in Bark’s Fiesta, making a waving motion at me that I interpreted as If you don’t leave your corner station and get me water, I’ll die in this hot car like a dog. But then he gave me a thumbs-up, which my paranoid mind interpreted as I just want to let you know you’re a great dad… before I die from the heat.

This was shaping up to be the worst autocross ever. For some of us, anyway. For my brother, who had already said that he wanted to go home at lunch. For my son, who was dying of heatstroke. For me, too; my leg hurt like hell wouldn’t have it and I felt sick to my stomach. Most of all, for the thirteen extremely annoyed men in their M3s and STIs and whatnot who were being taken to school by Danger Girl. For her, it was the best autocross ever. But it would get worse.

(Read More…)

By on December 30, 2015

PepBoysLogo_PressRelease
Stop us if you’ve heard this one before:

Billionaire investor, activist and horse racing enthusiast Carl Icahn bid to buy Pep Boys on Tuesday for just over $1 billion, outpricing Japanese tire giant Bridgestone for the franchise, Bloomberg reported (via Automotive News).

Bridgestone’s refusal to tender a competing offer after its final bid of $947 million for the 800 Pep Boys stores seemingly means that Icahn is the winner — although we’ve been here before.

Icahn offered up to $18.50 per share of the company, of which he already owns 12 percent, which is slightly higher than the company’s stock during trading Wednesday.

(Read More…)

By on December 29, 2015

buick-envision-usa-1

A picture is worth a thousand words, or millions of dollars worth of cars not built by the United Auto Workers.

That, and Buick is planning a surprise for Detroit, oil prices are ever-so-slightly up, a super mullet El Camino, and Manny, Moe and Jack … after the break!

(Read More…)

By on December 28, 2015

PepBoysLogo_PressRelease

Bridgestone will buy Pep Boys for $947 million, shunning a competing bid from investor Carl Icahn, to complete its purchase of the auto parts chain, Bloomberg reported (via Automotive News).

The bidding between Icahn and Bridgestone began in October when the auto parts chain shunned a $800 million price from Icahn to agree to an $835 million bid from the Japanese tire giant. Icahn raised his bid first to $863 million, then up to up to $1 billion for the chain, but Pep Boys ultimately decided the $947 million offer from Bridgestone was a better deal.

The last-minute bid for the chain would create the world’s largest chain of 3,000 stores, including Bridgestone’s Tires Plus, Firestone Complete Auto Care, Hibdon Tires Plus and Wheel Works stores.   (Read More…)

By on December 23, 2015

Nissan GT-R LM NISMO

From DNF to DNS, the Nissan GT-R LM project has finally been retired.

That, and it’s lights out for some Crown Vics, the UAW just wants to talk, Hyundai will spend more to lend more, and more … after the break.

(Read More…)

By on December 21, 2015

alcohol-bar-party-cocktail

You’ve made some bad decisions at the holiday office Christmas party. We’ve all done it. Don’t compound it by using a (probably inaccurate) free breathalyzer that you picked up at a Honda dealer instead of a cab ride.

That, and Subaru is turning production up to “11,” Hyundai was hit hard in China and Nevada’s rolling the dice on electric cars … after the break. 

(Read More…)

By on December 8, 2015

PepBoysLogo_PressReleaseAfter disclosing that he had purchased a 12-percent stake of the company, billionaire investor Carl Icahn submitted an offer of $863 million for the Pep Boys chain of automotive parts stores, according to the New York Times.

Icahn’s offer Tuesday of $15.50 per share is higher than Bridgestone’s offer of $15 per share in October for the chain of 800 stores. The Japanese tire giant offered to buy the chain to add to its 2,200 stores including Tires Plus, Firestone Complete Auto Care, Hibdon Tires Plus and Wheel Works to make one of the largest parts, tire and service chains in the U.S.

Pep Boys’ deal with Bridgestone included a $35 million breakup fee, according to the Wall Street Journal, which Icahn is willing to pay as part of his offer. Officials at Pep Boys said publicly that Icahn’s offer could be a “superior proposal” to the Bridgestone deal.
(Read More…)

By on December 7, 2015

PepBoysLogo_PressRelease

Billionaire investor Carl Icahn disclosed a 12-percent ownership stake in Pep Boys and said that Auto Plus, a competitor which he owns, should consider buying the retail parts giant, Bloomberg reported.

In October, Bridgestone offered to purchase Pep Boys’ 800 company-owned stores for $835 million to add to its portfolio of 2,200 stores including Tires Plus, Firestone Complete Auto Care, Hibdon Tires Plus and Wheel Works. The acquisition would create the largest chain of automotive service centers, yet many analysts say Bridgestone may be preparing Pep Boys for a potential sale already.

That tender offer from Bridgestone will expire Jan. 4, according to the report.

(Read More…)

By on October 26, 2015

PepBoysLogo_PressRelease

Japanese tire giant Bridgestone agreed Monday to buy Pep Boys for $835 million and potentially create the largest chain of U.S. automotive service centers, the companies announced.

The deal would create a chain of more than 3,000 auto care stores — 2,200 Bridgestone-owned centers including Tires Plus, Firestone Complete Auto Care, Hibdon Tires Plus and Wheel Works, and more than 800 company-owned Pep Boys stores.

According to the companies the deal will finalize in early 2016.  (Read More…)

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