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Photo: BMW X6M at the 2009 New York International Auto Show.
Photo: GMC Terrain at the 2009 New York International Auto Show.
Photo: Acura ZDX at the 2009 New York International Auto Show.
Photo: Land Rover LRT at the 2009 New York International Auto Show.
Photo: Scion iQ at the 2009 New York International Auto Show.
Photo: Subaru Outback at the 2009 New York International Auto Show.
Photo: Volkswagen Golf named 2009 Car of the Year at the 2009 New York International Auto Show.
Photo: Mitsubishi i-MiEV at the 2009 New York International Auto Show.
Photo: Mazda CX-7 at the 2009 New York International Auto Show.
Photo: Hyundai Nuvis at the 2009 New York International Auto Show (NYIAS).
Photo: Kia Motors Debuts All-New Stylish Forte Koup at 2009 NYIAS.
At this year's New York Auto Show, new cars and trucks include state-of-the-art safety innovations, impressive fuel efficiency developments, radical drive train technology advancements and cutting-edge design. They include showroom ready vehicles and concept cars that designers have spent months, sometimes years, perfecting. So if you're looking for a small car that makes a big impression, something fun, fast and frugal, or you want to get plugged into a hybrid or electric vehicle, there is no better place to research your next new car or truck than the 2009 New York International Automobile Show. The Show opens to the public on Friday, April 10th through April 19th at the Jacob K. Javits Convention Center in Manhattan.
"Many of this year's models have combined futuristic design with technologically advanced drive-trains to produce vehicles that are totally unique in the way they look and drive," said show president, Mark Schienberg. "Others use today's most fuel efficient engines in vehicle designs that don't conform to any vehicle style known today, creating new segments that will be the vehicles of tomorrow," Schienberg added.
Here's a look at some of this year's new cars and trucks:
Electrics & Hybrids
• [Electric] MINI E: The all-electric MINI E's unique engine and transmission arrangement powers the MINI E seamlessly to 62 mph in 8.5 seconds. Based on the current MINI, the E is a two-seater as the space normally inhabited by rear passengers is reserved for a lithium-ion battery. The E's lithium-ion battery can be plugged into all standard power outlets and the E has a range of 156 miles under ideal driving conditions.
• [Hybrid] LEXUS HS 250h: The 2010 Lexus HS 250h is the world's first dedicated luxury hybrid vehicle and the most fuel-efficient vehicle in the Lexus lineup. It will also be the first Lexus to utilize carbon-neutral Ecological Plastic materials in a new futuristic cockpit and interior design. Equipped with Lexus' first four-cylinder gas engine, the 2.4-liter powerplant is part of the latest Lexus Hybrid Drive System, which generates 187 total system horsepower.
• [Electric] Fisker Karma: The Fisker Karma gets an average 100mpg, can go 0-60 in about 6 seconds and has a top speed of 125mph. Its Lithium-ion batteries will power the car for 50 miles after being fully charged from any 110 or 220v outlet. After 50 miles, a generator powered by a small gasoline engine provides the energy needed to turn the Karma's two electric motors.
• [Hybrid] Ford Fusion Hybrid: The 2010 Ford Fusion Hybrid includes new aerodynamic enhancements and underbody shields to help boost Fusion's fuel economy to a class-leading 41 mpg rating in the city and 36 mpg on the highway. The Fusion Hybrid also debuts Ford's SmartGauge with EcoGuide, a unique instrument cluster that helps coach drivers on how to optimize the fuel efficiency of their vehicles.
Photo: Honda Insight
• [Hybrid] Honda Insight: The all-new distinctively styled, five-passenger, five-door Honda Insight is powered by an Integrated Motor Assist(TM) (IMA(TM)) system comprised of a 1.3-liter i-VTEC(R) gasoline engine and a 10-kilowatt electric motor that together contribute to an city/highway fuel economy rating of 40/43 miles per gallon . The Insight features the Ecological Drive Assist System (Eco Assist(TM)), an innovation that can further enhance efficient vehicle operation while providing feedback related to individual driving styles. The all-new Insight has a suggested retail price (MSRP) of $19,800 for the LX model.
Photo: The Chevrolet Volt in the Battery Lab at the General Motors Tech Center in Warren, Michigan Wednesday, October 15, 2008. (Photo by John F. Martin for General Motors)
• [Electric] Chevrolet Volt: Chevy Volt is designed to move more than 75 percent of America's daily commuters without a single drop of gas. That means for someone who drives less than 40 miles a day, Chevy Volt will use zero gasoline and produce zero emissions. Unlike traditional electric cars, the Volt has an innovative propulsion system that takes you beyond the power of the battery. It will use a lithium-ion battery with a gasoline-powered, range-extending engine that drives a generator to provide electric power when you drive beyond the 40-mile battery range. Inside, the Volt offers the space, comfort, convenience and safety features that customers expect in a four-passenger sedan.
• [Hybrid] Toyota Prius: The new generation Prius is bigger, more powerful yet more economical than the model it replaces making it the most fuel efficient and aerodynamic car available in the US. With a combined 50 mpg, the Prius is available with high-tech features that include a solar-powered ventilation system, remote a/c, Lane Keep Assist, Intelligent Parking Assist, and three driving modes including electric-only.
Concept Cars
Photo: James Gasparotto of General Motors Design with the Cadillac Converj electric luxury coupe concept at the North American International Auto Show in Detroit, Michigan Tuesday, January 13, 2009. The four-passenger vehicle will provide up to 40 miles of gas-and-emissions-free electric driving with extended-range capability of hundreds of miles. (Photo by John F. Martin for General Motors)
• Cadillac Converj: The Cadillac Converj was designed to give a glimpse at the potential of electric propulsion in a luxury vehicle. The well-appointed grand touring coupe features GM's electric propulsion technology -- called Voltec -- that can get up to 40 miles of gas- and emissions-free electric driving with extended-range capability of hundreds of miles. When the battery's energy is low, the Converj seamlessly switches to extended-range mode. During this secondary level of operation, electricity needed to power the vehicle is created on-board by a flex-fuel-powered engine.
• Chrysler 200C EV: The all-new Chrysler 200C EV concept is capable of driving up to 40 miles on battery-only power, but a small gasoline engine and integrated electric generator that produces electricity extends its driving range to 400 miles. On the inside, the 200C EV's interior is free of switches and levers. All vehicle functions, settings and u-connect features are managed via a panoramic multimedia touch screen, a passenger-dedicated "techno-leaf" and a stowable tablet PC.
Photo: 2009 Suzuki SX4 Sport
• Suzuki SXForce: Reinforcing the link between the company's rich motorcycle heritage and versatile line of fun-to-drive automobiles, Suzuki introduces the SXForce, a sportbike-inspired concept car. The fully drivable, track-tested 250-horsepower, 2.0-liter, turbocharged SX4 Sport concept includes a fully tuned performance suspension system, F1-style outlet gills to help underhood air flow, tailored rear bodywork with carbon fiber diffuser, Carbontrix rear wing, Tein coilover suspension height and damper setup, and reinforced structure to further enhance rigidity for optimal handling.
• Lincoln C concept: Designed with today's upscale, urban consumer in mind, the Lincoln C concept brings the luxury of a large Lincoln to a smaller, more efficient C-sized car. The C is powered by a 1.6-liter EcoBoost engine and an all-new dry, dual-clutch PowerShift six-speed transmission which helps it achieve 43 mpg on the highway, while offering up an impressive 180 horsepower.
• Dodge Circuit EV: This brand new all-electric sports car concept from Dodge delivers high performance with zero gasoline consumption, zero tailpipe emissions and 150-200 mile driving range. Propelled by a completely electric drivetrain, the Dodge Circuit EV races from 0-60 mph in less than 5 seconds and has a top speed of more than 120 mph. The Circuit EV utilizes three powertrain components, including a 200 kW (268 horsepower) electric motor to drive the wheels, an advanced lithium-ion battery system to power the electric-drive motor, and a controller that manages energy flow.
Today's Newest Cars & Trucks
Photo: Jeff Nasca (l to r), Mike Pevovar, Richard Duff and Justin Thompson of General Motors Design with the 2010 Buick LaCrosse luxury sedan at the North American International Auto Show in Detroit, Michigan Tuesday, January 13, 2009. The Buick LaCrosse will feature all wheel drive, a suite of advanced intelligent personal technologies and safety features, and a choice of two fuel-saving V-6 engines. LaCrosse production will begin this summer at the Fairfax Assembly facility in Kansas City, Kansas.
• Buick LaCrosse: Redesigned from the ground up, the 2010 Buick LaCrosse features sculpted styling, premium interior materials with cool blue ambient lighting, and responsive performance. The LaCrosse also features all wheel drive and QuietTuning, and intelligent technologies that work to deliver a 360-degree field of vision behind the steering wheel including a head-up display in the windshield, and a Side Blind Zone alert system.
• Cadillac SRX: The new SRX is a mid-size luxury crossover featuring a completely new design and more-efficient, high-technology engine choices. It is powered by a new 3.0L direct injected V-6 engine or a 2.8L turbocharged V-6. Direct injection enables a 25-percent reduction in hydrocarbon emissions. Performance and safety are enhanced by an available all-wheel-drive (AWD) system.
• BMW 7 Series: The fifth generation BMW 7 Series is powered by a 4.4-liter, twin-turbocharged 400hp V-8 mated to a 6-speed automatic transmission. The new 7 has an array of innovative driver-assistance options such as Active Cruise Control with new stop-and-go capability; Lane Departure Warning, Active Blind Spot Detection, Head-up Display, High Beam Assistant and BMW Night Vision with new Pedestrian Detection.
Photo: The dramatically-designed 2010 Cadillac CTS Sport Wagon makes its European premiere at Paris, followed by production launch in spring of 2009.
• Cadillac CTS Wagon: The all-new CTS Sport Wagon is intended to connect with the changing priorities of luxury consumers by delivering significant increases in functionality. The CTS is about the same size as the CTS sport sedan, although it nearly doubles its carrying capacity, with a generous cargo area of 25 cubic feet behind the rear seats.
Photo: Nissan Cube
• Nissan Cube: The fashionable and functional new 1.8-liter Nissan cube provides the utility and dependability consumers expect in a small car including wide doors, large greenhouse with wraparound rear window, and a refrigerator-style rear door combined with a roomy five passenger interior.
Photo: 2010 Ford Taurus SHO at 2009 Chicago Show
• Ford Taurus: Ford's new flagship, the 2010 Taurus, will start at $25,995 and features an impressive suite of technologies never before offered in the non-premium large car segment including Cross Traffic Alert, Collision Warning, MyKey(TM) parental programmability, EasyFuel(TM) capless refueling, SecuriCode(TM) Keyless Entry, Ford SYNC(R) and Voice-Activated Navigation with SIRIUS(R) Travel Link(TM). Other features new to Taurus include Adaptive Cruise Control, Blind Spot Information System (BLIS(TM)), Rain-Sensing Wipers and Intelligent Access with Push Button Start.
• Lincoln MKT: The all-new Lincoln MKT is a three-row tourer that delivers an impressive blend of fuel economy, performance, technology and spaciousness. The MKT includes many new technologies including available Adaptive Cruise Control, Collision Warning with Brake Support, Active Park Assist, and Blind Spot monitoring.
• Nissan 370Z: The newly redesigned Nissan 370Z is more refined, more powerful, and even better handling. Powered by a 332-horsepower 3.7-liter DOHC V6 engine with Variable Valve Event and Lift Control (VVEL), the new Z also features a new 7-speed automatic transmission, and a world's first synchronized downshift rev matching system for the 6-speed manual transmission.
Photo: 2010 Chevrolet Camaro.
• Chevrolet Camaro: The 2010 Camaro is a heritage-inspired sports car for the 21st century, combining muscle car looks and performance with advanced technology and surprising efficiency -- including 26-mpg estimated highway fuel economy. The rear-wheel-drive Camaro comes with either a V6 or V8 direct injection engine with Active Fuel Management to enable a satisfying balance of exhilarating performance and good fuel economy.
• Infiniti G Convertible: The first-ever Infiniti G Convertible is powered by a 3.7-liter V6 325 horsepower engine and features a three-piece folding steel top and a special convertible-focused interior, which features a unique Bose(R) Open Air Sound System that dynamically changes equalization based on outside noise, vehicle speed, and top position.
• Volvo XC60: The new XC60 is a crossover vehicle is powered by a 3.0-liter turbocharged engine and features a unique system called City Safety which can help the driver avoid low speed collisions when driving in slow moving, stop and go traffic. The laser-based technology continually monitors the area in front of the vehicle and can brake automatically to help avoid or mitigate a collision.
Photo: Kia Soul at the 2009 New York International Auto Show (NYIAS).
• KIA Soul: The fun all-new five-passenger Kia Soul which starts at $13,995 (including delivery) is available in four trims: Soul, Soul+, Soul! and Soul sport and features big-car standard and optional equipment such as keyless entry remote, solar glass, and power sunroof. It is powered by either a four-cylinder 1.6-liter or a 2.0-liter engine producing 122 and 142 horsepower respectively.
• Audi Q5: The all-new Q5 SUV with its sporty proportions and muscular stance features a 3.2 V6 FSI direct injection engine, quattro(R) all wheel drive, and a six speed Tiptronic transmission, and achieves city fuel economy of 18 mpg with 23 mpg highway.
• Dodge Challenger R/T Classic: The Dodge Challenger R/T Classic delivers a menacing look with its dual throwback A-line body-side R/T stripes, 'Challenger' fender badging in classic script, large 20-inch polished-chrome heritage wheels, classic egg-crate grille with heritage 'R/T' badge, body-color rear spoiler and chromed fuel-filler door. Performance comes from a 5.7-liter HEMI(R) V-8 engine under a long, raised performance hood with functional hood scoops to increase engine cooling.
Photo: Mercedes-Benz E-Class: E 63 AMG with 386 kW/525 hp and AMG SPEEDSHIFT MCT 7-speed sports transmission
• Mercedes Benz E-Class and E-Coupe: With the new E-Class and E-Coupe, Mercedes-Benz combines safety, comfort and environmental compatibility with 20 new technical developments including innovations for safe driving such as Attention Assist and Automatic Emergency Braking, which is activated when there is acute danger of a collision. The new E-Class models are also the first automobiles in the world with headlamps that adapt to the traffic situation and respond automatically to avoid dazzling other drivers.
• Audi A5 convertible: The new A5 Cabriolet is a four-seat open top Audi that has a classic fabric top -- which endows it with a striking silhouette -- which opens in 15 seconds. An acoustic top, neck-level heating and leather seats coated with a special layer to reduce solar heating are just some of the features of the sporty, elegant new A5 model.
• Bentley Continental Supersports: The Continental Supersports is the fastest and most powerful Bentley ever. The extreme Bentley, a muscular two-seater that delivers supercar performance and a highly focused driving experience, is also the first Bentley capable of running on both gasoline and biofuel. With 621 bhp and new 'Quickshift' transmission that halves shift times, the Supersports sets new performance benchmarks for Bentley. It accelerates from 0-60 mph in 3.7 seconds onto a top speed of 204 mph.
• MAZDASPEED3: The MAZDASPEED3 sport compact pushes Mazda design further and its exciting driving performance perfectly represents Mazda's Zoom-Zoom spirit. Carrying forward the MZR 2.3 DISI Turbo engine, Mazda3 MPS builds on the popularity and recognition of the previous model. It evolves the driving experience to an entirely new level of quality and pleasure with its emotional design and exhilarating performance.
Photo: Porsche 911 GT3 at the 2009 New York International Auto Show (NYIAS).
• Porsche 911 GT3: The lightweight 435-horsepower next generation 911 GT3 features a larger 3.8-liter boxer six-cylinder engine with an enhanced VarioCam system, larger yet lighter brakes, and new one-piece centerlock wheels, all of which boost performance over the previous model. Technical developments like innovative dynamic engine mounts, updated aerodynamics that increase downforce by over 100% and a special version of the Porsche Stability Management (PSM) system all help make this latest iteration the most dynamic 911 GT3 to date.
• Ford Shelby GT500: The most-distinctive model of the new 2010 Mustang lineup, the 2010 Shelby GT500 is powered by a supercharged and intercooled 5.4-liter dual overhead cam V-8 engine that produces 540 horsepower and 510 foot-pounds of torque. The Mustangs aggressive new exterior design features new functional details, such as the hood extractor to remove heat from the engine and "Gurney Flap" spoiler to tune rear downforce.
• Jaguar XFR and XKR: Jaguar's new XFR and XKR models deliver a superb balance of high performance, dynamic ability and refinement. Both models are powered by an all-new supercharged 5.0-liter 510bhp V8 with acceleration from 0-60mph in just 4.7 seconds and 4.6 seconds respectively.
Photo: Volkswagen GTI at the 2009 New York International Auto Show (NYIAS).
• Volkswagen GTI: The new sixth-generation, performance-based Volkswagen GTI hatchback is powered by an advanced new TSI engine, available linked to either a 6-speed manual or DSG gearbox. With the new GTI, VW has increased the quality and comfort level to new heights. The GTI will be available in three- and five-door body styles. Visual details include a new front bumper, vertically stacked foglamps and an altered grille with classic GTI touches.
Source: New York International Auto Show
|GlobalGiants.com|
"At the 2009 New York International Automobile Show, the U.S. Domestic Automakers are not obliged to answer questions concerning their respective financial condition, management changes, brand elimination, or restructuring policy. Doing so would be detrimental to their standing."
© GlobalGiants.Com
Edited & Posted by the Editor | 8:01 AM | View the original post
Photo: TAG Heuer's Aquaracer 500M with blue dial and stainless steel bracelet.
Answering the call of diving enthusiasts who demand an exacting timepiece that is robust as well as refined, Swiss watch Brand TAG Heuer unveiled its new Aquaracer 500M series. Whether worn while swimming along the Great Barrier Reef or exploring the underwater caves of Turks & Caicos, these watches take serious sports-inspired functionality to a new extreme.
Water resistant to 500 meters, each model in the Aquaracer 500M collection is equipped with the definitive attributes of a high-performance diving watch, including a unidirectional turning bezel that ensures precise elapsed dive-time measurement. Highly luminescent markers on the hands and indexes, as well as an orange-tipped second hand, provide at-a-glance readability under water or in dim light. Additionally, the sapphire crystal and caseback are scratch-resistant and anti-reflection treated for optimum visibility.
To prevent damage to the watch and its movements, the Aquaracer 500M features an automatic helium valve that releases, upon decompression, any gases that infiltrate the watch during a deep dive. A fine-brushed, screw-in crown with double safety gaskets further protects the timepiece from water or dust penetration.
Photo: TAG Heuer's Monaco Twenty Four Concept Chronograph.
TAG Heuer also announced that it is continuing to push the boundaries of watchmaking with its Monaco Twenty Four Concept Chronograph, invoking the electrifying spirit of the world's most arduous sports car race. Introduced today at BASEL, Switzerland, this timepiece, in TAG Heuer's own words, features the same state-of-the-art engineering as the powerful GT cars that take to the 24 Hours of Le Mans circuit.
The Monaco Twenty Four Concept Chronograph's race car-inspired functionality is found in every aspect of the piece's design, most notably in the energy manifold that houses the Calibre 36 movement. Comparable to a GT car's cockpit cage, this proprietary steel-tube structure safeguards the mechanism, ensuring that the watch can better withstand shock.
The movement gains additional protection from a shock-absorbing composite filter material. Used in the racing and aerospace industry, this material insulates the Calibre 36 movement by directing vibrations into the composite filter, which absorbs and dissipates their energy. According to TAG Heuer, unlike a conventional timepiece's Incabloc system, which protects the mechanism only from external shocks, TAG Heuer's Dynamic Absorber insulates the movement entirely and the Monaco Twenty Four Concept Chronograph is able to withstand an impact of 24,000 G, the equivalent of a 65-foot fall, compared with the industry standard of 2,000 - 5,000 G, or a three-foot fall. These additional safeguards ensure the Monaco and its components will remain unscathed whether the wearer is skydiving from 15,000 feet or attending a very enthusiastic business meeting, explains the watchmaker.
Source: TAG Heuer
|GlobalGiants.com|
Edited & Posted by the Editor | 7:05 AM | View the original post
Photo: Elle Macpherson donates first Aspen One timepiece collection to charity.
Swiss-based company Aspen Jewelry and Watches has launched Aspen One worldwide, its first luxury timepiece. Aspen One, the limited edition Swiss-made timepiece retailing for US$38,900, is a tribute to Aspen Mountain. The Aspen Mountain Club was the location of the launch event, where model and entrepreneur Elle Macpherson was presented with the diamond version of Aspen One, retailing at US$49,900. With a multitude of press documenting the event, Elle presented the watch as a donation to representatives of two area nonprofits: Challenge Aspen and Aspen Valley Ski and Snowboard Club.
Founder and CEO Rene van Ass stated, "Aspen is internationally known for its natural beauty, perfect slopes and the glamorous appeal of its famous visitors. Aspen is a brand...a very strong brand. Aspen Jewelry and Watches has been granted the worldwide license to use the Aspen name for the collections we are introducing, the first being Aspen One. By marketing this collection, we are marketing Aspen as it is...and what it was. We will emphasize Aspen's rich history and we want people all over the world to fall in love with Aspen even more."
|GlobalGiants.com|
Edited & Posted by the Editor | 10:04 PM | View the original post
Five Semi-Finalists -- All Named Serena -- Share Their Inspired 'Everyday Athlete' Stories For Chance To Appear Next to Serena Williams in G2 Low- Calorie Sports Drink Campaign.
Photo: #1 World Ranked Tennis Player Serena Williams congratulates Serena Cuevas, 23, from San Diego for being selected to appear alongside Williams in the new national "Everyday Athletes" campaign for Gatorade G2 low-calorie sports drink. Emceed by Access Hollywood host and upcoming Dancing with the Stars competitor, Nancy O'Dell, The G2 Everyday Athlete Search selected Cuevas among five semi-finalists - all named Serena.
Top world ranked tennis player Serena Williams -- who just came off winning her 10th Grand Slam Singles Title at the 2009 Australian Open -- teamed up with Gatorade G2 today at Hollywood's famed Roosevelt Hotel to select who will appear alongside her in a new national "Everyday Athletes" ad campaign for the Gatorade G2 low-calorie sports drink.
Emceed by Access Hollywood host and upcoming Dancing with the Stars competitor, Nancy O'Dell, The G2 Everyday Athlete Search featured five semi-finalists -- all named Serena -- who traveled to the event from around the country to discuss their personal stories of how sports and exercise have helped them overcome a challenge or allowed them to reach and accomplish a significant, personal goal.
A casting panel consisting of Serena Williams, and representatives from Shape Magazine and Gatorade G2 selected winner Serena Cuevas, 23, from San Diego, Calif. based on Cuevas' story of growing up with a passion to dance that was sidetracked by a horrific car accident at the age of 17. She was told by the doctors she may never dance again. With determination and passion, Cuevas recovered and went on to compete in national and international salsa competitions, as well as establish her own dance company -- Deseo Dance Company -- in San Diego.
Cuevas will appear with Serena Williams in the national ad campaign beginning this spring that will help draw attention to the Gatorade brand's broadened definition of what it means to be an athlete. If your body is moving, Gatorade considers you an athlete.
The Gatorade Company is a division of PepsiCo.
Source: Gatorade
|GlobalGiants.com|
"Ill-health, of body or of mind, is defeat. Health alone is victory. Let all men, if they can manage it, contrive to be healthy."
-- THOMAS CARLYLE
Edited & Posted by the Editor | 7:44 AM | View the original post
smart fortwo Owners Receive Half-Off Rates When Parking at Hundreds of New York City Area Facilities and Airports.
smart USA Distributor LLC (a subsidiary of Penske Automotive Group, Inc., and headquartered in Bloomfield Hills, Michigan) has announced agreements with three New York City area parking companies. Meyers Parking, Icon Parking Systems and AviStar Airport Parking now offer parking discounts to smart fortwo owners. Owners of the revolutionary vehicle will receive a 50 percent discount off daily and monthly posted parking rates at hundreds of locations across New York City.
"Our arrangement with the parking companies gives smart owners the best of both worlds: the ability to park at a discounted price, along with the ease to park almost anywhere," said Dave Schembri, President of smart USA. "The smart fortwo is helping New Yorkers change the way they park and navigate congested city streets, while offering great fuel economy, safety and functionality."
At 61 inches wide and 106 inches long, the smart fortwo is a practical solution for New Yorkers looking to find an easy way to park in New York City. In addition to being easy to park, the vehicle is attracting a significant number of buyers who want a solution to volatile gas prices, a way to reduce their environmental footprint and beat urban congestion in a package that is fun to drive.
Meyers Parking first offered half price parking to smart fortwo owners beginning last September, and the program was renewed for 2009. Meyers Parking is the official parking garage of Madison Square Garden, the New York Rangers, New York Knicks and New York Liberty. Meyers also has the largest public garages in Times Square, on the Upper East Side and the Empire State Building area.
"We are pleased to continue our '50 percent off' arrangement for smart fortwo owners in 2009. Meyers Parking knew it was only a matter of time before other parking companies would provide similar discounts; as it is fair and makes total sense," said Michael Carolan, Director of Operations for Meyers Parking. "We are pleased to have been the innovator of this '50 percent off' concept and we are very happy for smart owners as they now have options to park in areas where Meyers Parking facilities are not located at attractive rates."
Icon Parking Systems has more than 200 parking facilities in Manhattan. Many of Icon's locations can be found near famous New York City landmarks as well as residential areas throughout the city. smart fortwo owners are entitled to half price parking on all day, night and weekend rates and specials.
"It's no surprise that limited parking supply combined with increased development is contributing to congestion in the City. There is also a growing trend among businesses and consumers alike to be more mindful of their impact on the environment and community," said Paul Regan, Vice President, Icon Parking Systems. "By partnering with smart USA, we are hoping to leverage our resources to confront some of these challenges. It makes perfect sense to reward customers who drive vehicles that are economical, environmentally friendly, occupy less space and are relatively easy for operators to park."
For smart fortwo owners traveling by plane out of the New York City area, AviStar Airport Parking, a wholly owned subsidy of Parking Company America Airports, LLC (PCAA) is offering half price parking on the daily rate at both JFK and LaGuardia Airports.
smart USA has sold more than 26,000 smart fortwos since January 16, 2008. Currently there are approximately 4,000 smart owners in the metropolitan New York market. There are seven smart centers located in the tri-state area including: Manhattan, Roslyn, Smithtown and White Plains in New York, Edison and Englewood in New Jersey and Fairfield, Connecticut.
Source: smart USA
|GlobalGiants.com|
"Bravo smart fortwo!"
© GlobalGiants.Com
Edited & Posted by the Editor | 9:43 AM | View the original post
Cole Haan recently announced Maria Sharapova as a lead collaborator and the face of Cole Haan Sporting, a new collection for Spring 2009, rooted in sport and remixed with fashion. Today, February 10, 2009 in New York, Cole Haan unveils international tennis sensation Maria Sharapova as the face of its 2009 Spring advertising campaign.
Shot with simplicity in Malibu, California by lifestyle photographer Martyn Thompson, the campaign reflects the interplay of style and sport, passion and play, that Cole Haan says it shares with Sharapova.
Photo: Cole Haan ad featuring Maria Sharapova.
"The campaign marks the first time Cole Haan has collaborated with a Nike athlete to serve as the face of a new collection," notes Cole Haan Chief Marketing Officer Michael Capiraso. "We are able to leverage her interest in fashion and sport, while connecting with our consumer in a new and unique way."
Mixing Media Initiatives:
• Digital media to play an important role in the campaign - rich media presence on top sites.
• Debuting in March issue of Vanity Fair.
• Print Campaign to appear in top Women's Core titles.
The Spring 2009 global launch of Cole Haan Sporting includes men's and women's footwear and accessories.
Cole Haan, headquartered in Yarmouth, Maine, USA, designs and distributes dress and casual footwear, apparel and accessories for men and women under the brand names Cole Haan and Bragano. Cole Haan is a wholly-owned subsidiary of NIKE, Inc. and operates more than 100 retail locations throughout the United States, Canada and Japan.
Source: Cole Haan
|GlobalGiants.Com|
Edited & Posted by the Editor | 5:23 AM | View the original post
Honda ranks highest among automotive manufacturer Web sites for usefulness in new-vehicle shopping, according to the J.D. Power and Associates 2009 Manufacturer Web Site Evaluation Study(SM) (MWES)--Wave 1 released today.
The semi-annual study measures the usefulness of automotive manufacturer Web sites during the new-vehicle shopping process. New-vehicle shoppers evaluate Web sites in four key areas: appearance, speed, navigation and information/content.
Honda ranks highest with an index score of 882 on a 1,000-point scale--marking a 14-point increase from the last wave of the study, which was released in June 2008. Following Honda in the rankings and rounding out the top five automotive Web sites are Porsche (867), Mitsubishi (866), Kia (865) and Acura (862).
"Honda resolved some minor navigation issues on their Web site, which helped them improve upon their fourth-place ranking in the previous wave," said Scott Kane, senior manager of marketing/media research at J.D. Power and Associates. "Currently, the Honda Web site performs well in all measures and demonstrates particular strength in speed, navigation and demonstrating options, features and specifications."
The study finds that overall site usefulness for the industry as a whole has declined by nine points since June 2008, with 16 manufacturer Web sites demonstrating double-digit decreases. This marks the largest wave-over-wave decrease since the study's inception ten years ago. Overall, the largest declines occur within the "determine monthly payment" and "compare vehicles" attributes of the information/content measure.
"Because of changes in the economic environment, many of today's new-vehicle shoppers are in a much different --and more challenging--financial position than were shoppers in years past, and many auto manufacturers have not prepared their Web sites accordingly," said Kane. "For new-vehicle shoppers, having the ability to go online to easily compare vehicles from various manufacturers, figure out monthly payments and find the best deal possible has always been important. However, in these tough financial times, these kinds of considerations have an even greater impact on the shopping process."
In addition, as marketing budgets for automakers tighten, manufacturer Web sites are becoming less capable of meeting the increasing expectations of shoppers. For example, as some manufacturers have refreshed or redesigned their models, they have limited the variety of vehicle images on their Web sites, or have simplified their photo and video offerings.
Photo: 2010 Honda Insight EX
"Likely due to budget cuts, some sites that once had beautiful images in city and off-road settings from multiple angles showing off their vehicles' capabilities--things that resonated with consumers--have scaled back on the images offered," said Kane. "A hurdle that manufacturers are facing involves obtaining the high-quality content they need for their Web sites--such as images, video and animations--in a cost-effective way. Finding synergies within their organizations as they create content for various marketing needs--both online and offline--will be critical in continuing to meet new-vehicle shoppers' needs."
The study also finds that the more useful a manufacturer Web site is, the more traffic it is likely to drive to dealerships.
"While it may be tempting for manufacturers to scale back development and maintenance of their Web sites, improved Web site design can translate into a higher volume of sales and a positive return on investment," said Kane. "Now, more than ever, it is essential for manufacturers to be strategic about their marketing efforts to capture their share of the diminishing number of new-vehicle shoppers."
The 2009 Manufacturer Web Site Evaluation Study--Wave 1 is based on evaluations gathered in November 2008 from more than 11,400 new-vehicle shoppers who indicated they would be in the market for a new vehicle within the next 24 months.
Manufacturer Web Site Ranking
(Based on a 1,000-point scale)
• Honda ---------- 882
• Porsche ---------- 867
• Mitsubishi ---------- 866
• Kia ---------- 865
• Acura ---------- 862
• Lincoln ---------- 861
• BMW ---------- 859
• Lexus ---------- 859
• MINI ---------- 859
• Mazda ---------- 856
• Infiniti ---------- 853
• Mercury ---------- 852
• Jeep ---------- 851
• Ford ---------- 850
• Suzuki ---------- 848
• Cadillac ---------- 846
• Saturn ---------- 845
• Subaru ---------- 845
• Toyota ---------- 845
• Chrysler ---------- 841
• Dodge ---------- 840
• Industry Average ---------- 840
• HUMMER ---------- 837
• Mercedes-Benz ---------- 837
• Nissan ---------- 836
• Land Rover ---------- 835
• Saab ---------- 834
• Hyundai ---------- 833
• Volvo ---------- 833
• Volkswagen ---------- 829
• Buick ---------- 827
• Chevrolet ---------- 827
• GMC ---------- 821
• Jaguar ---------- 813
• Pontiac ---------- 801
• Audi ---------- 793
• smart ---------- 789
• Scion ---------- 773
Source: J.D. Power and Associates
|GlobalGiants.com|
"Do not frustrate the earnest visitors to the localized Web site of your car brand by not noticeably providing there the addresses of your relevant dealers."
© GlobalGiants.Com
Edited & Posted by the Editor | 12:11 PM | View the original post
Photo: Detroit - American Honda Motor Co., Inc., introduces the production version of the all-new 2010 Honda Insight, a dedicated gasoline-electric hybrid vehicle, during its world debut at the North American International Auto Show in Detroit. (American Honda Motor Co., Joe Wilssens)
Photo: Unveiled at the North American International Auto Show is the Jeep(R) Patriot EV.
Photo: Unveiled at the North American International Auto Show is the Chrysler 200C EV concept.
Photo: A caravan of 2009 Saturn Vue 2-Mode Hybrids departs from the North American International Auto Show in Detroit, Michigan Monday, January 12, 2009 - bound for the upcoming presidential inauguration in Washington, D.C. The caravan will make stops at Ohio State University, Penn State University and Howard University encouraging people to make positive changes to reduce the nation's energy consumption. Once in Washington, the hybrid vehicles will be used to provide courtesy transportation for inaugural events. (Photo by John F. Martin for General Motors)
Photo: General Motors North America President Troy Clarke introduces the 2010 Chevrolet Equinox - making its world debut - at the North American International Auto Show in Detroit, Michigan Sunday, January 11, 2009. The Equinox compact crossover will deliver an estimated highway fuel economy of 30 mpg with its new 2.4L direct injection engine. It will go on sale in mid-2009. (Photo by John F. Martin for General Motors)
Photo: The 2010 Buick LaCrosse luxury sedan makes its world debut at the North American International Auto Show in Detroit, Michigan Sunday, January 11, 2009. The Buick LaCrosse will feature all wheel drive, a suite of advanced intelligent personal technologies and safety features, and a choice of two fuel-saving V-6 engines. LaCrosse production will begin this summer at the Fairfax Assembly facility in Kansas City, Kansas. (Photo by John F. Martin for General Motors)
Photo: The next generation 2010 Cadillac SRX makes its world debut at the North American International Auto Show in Detroit, Michigan Sunday, January 11, 2009. The SRX mid-size luxury crossover is expected to deliver a 25-percent reduction in hydrocarbon emissions while providing fuel economy in the mid-20's. Production begins in the second quarter of 2009, with dealer availability shortly thereafter. (Photo by Jeffrey Sauger for General Motors)
Photo: General Motors employees, retirees, dealers and suppliers cheer the Chevrolet Beat concept during a media event at the North American International Auto Show in Detroit, Michigan Sunday, January 11, 2009. Chevrolet announced production plans for a new vehicle - the Chevrolet Spark - a fuel-efficient mini-car based on the Beat concept that will arrive in dealer showrooms in 2011. (Photo by John F. Martin for General Motors)
Photo: As part of the Mercedes-Benz New Year's Reception in Detroit, Daimler CEO Dr. Dieter Zetsche presented the latest version of the successful E-Class in front of over 650 trade journalists from around the world.
Photo: The Ford Fiesta at the North American International Auto Show. Before the Ford Fiesta's U.S. launch in 2010, consumers across the country will have an opportunity to drive, experience and learn all about Ford's newest global vehicle. Under a program coined 'Fiesta Movement', Ford will select up to 100 tech-savvy vehicle enthusiasts to drive a Fiesta and then relate their experiences through social media sites such as Facebook, FlickR and YouTube.
Photo: The Lincoln C Concept was introduced at the North American International Auto Show 2009. It is powered by a sophisticated human machine interface (HMI) and forward-thinking in-car connectivity technologies.
Photo: Ford's Battery Electric Vehicle hits the streets of Detroit at the North American International Auto Show, giving media from around the world a chance to put it to the test.
|GlobalGiants.com|
"The financial woes of G.M. and Chrysler have made the Detroit show far more downbeat than in years past. Persistent questions about their financial situations have tested the patience of executives at both companies."
-- From the article "Wagoner Says G.M. Is Working on an Overhaul Tied to the Bailout" in The New York Times, January 12, 2009 (NYTimes.com)
"As to buying from Detroit, that is another question.
While I have occasionally looked at Detroit product when buying a new car, I have always found that they were not the equal of foreign products in many areas, from design to ergonomics to comfort to dependability to value. Which is why I have only owned Japanese cars since I purchased my 1st new car in 1979.
With the current financial circumstances that the Detroit carmakers are in, there is NO WAY that I would risk buying a Detroit product. Who knows if they will be in business next year?"
-- A Reader's Comment in response to the article "How to Get Detroit Selling Again" in The New York Times, January 12, 2009 (NYTimes.com)
"A new automobile MUST BE sold with the Essential Guarantee of Continuing Service Facility and Continuing Spare Parts Availability.
Can a Detroit Auto Company provide that Essential Guarantee today?
NO, IT CANNOT."
© GlobalGiants.Com
Edited & Posted by the Editor | 5:49 AM | View the original post
An exquisite marriage of watchmaking craftsmanship and feminine elegance.
Since its early days, the traditional Swiss watch manufacturer Longines has accustomed the world to horological products. The Longines Master Collection is yet another example of this craftsmanship. The success of this collection since its launch in 2005 has encouraged Longines to add new models: rose gold, yellow gold, black dials, new sizes, retrograde functions, and now an entrancing Moon Phases Ladies' Model. This model in The Longines Master Collection is a harmony between feminine beauty and watchmaking expertise.
The Moon phases ladies' model in The Longines Master Collection boasts a selection of tantalizing colors: a rich dark brown, a shimmering white and a feminine rose. This model will decorate the wrists of women who admire watchmaking craftsmanship on an alligator strap that subtly matches the color of the dial or a steel bracelet. The dial, made out of shimmering mother of pearl, enhances the luminous intensity of the piece. The heart of the watch, an L600 caliber, is a self-winding mechanical movement that beats at 28,800 vibrations per hour and has a power reserve of 42 hours. It assures the Moon phases function and the date at 6 o'clock as well as a double display for the day of the week and the month at 12 o'clock.
The various models in The Longines Master Collection offer a choice of a stainless steel or an 18-carat yellow or rose gold case with a transparent back. They are fitted on a bracelet to match the case, be it in stainless steel or 18-carat yellow or rose gold. Alternatively, there is a genuine leather brown strap with a folding safety clasp for the comfort of the wearer.
Source: Longines
|GlobalGiants.com|
Edited & Posted by the Editor | 1:17 PM | View the original post
Photos: smart fortwo BRABUS
Mercedes-Benz USA (Daimler AG) has reported that its sales for the smart USA recorded 2,341 sales in December 2008.
According to Daimler AG, "Year-to-date sales for 2008 are an incredible 24,622 units. smart USA achieved this impressive sales volume in its first year of business in the U.S. market. American response indicates the micro-car segment is a viable transportation option and the smart fortwo is the right car at the right time in the U.S."
The smart fortwo offers a powerful combination of outstanding fuel efficiency, innovative safety features, environmental friendliness and excellent value.
The smart fortwo BRABUS will go on sale in the United States this January. There are currently 74 smart centers open in 35 states.
The smart brand is entering another automotive market following its successful launch in the USA. Starting in April 2009, the smart fortwo will be available in Brazil. This was announced by the company at the São Paulo Auto Show, where the two-seater celebrated its public debut.
Photo: smart fortwo in China
According to Daimler, because of its outstanding features and its fresh design that combines functionality with joie de vivre, the smart fortwo has become a sought-after cult car in many countries. The sales figures also demonstrate this. Since the start of 2008 the number of smart fortwos delivered to customers worldwide rose by 53 percent to 101,900 cars.
Source: Daimler AG
|GlobalGiants.com|
Edited & Posted by the Editor | 12:20 PM | View the original post
The North American International Auto Show will open its doors in less than 30 days and plans continue to build anticipation for this flagship event in the automotive industry. On Jan 11th global eyes will turn to Detroit as the press days open the show with 44 product unveilings.
"Detroit will soon be welcoming more than 6,000 national and international media to the 2009 NAIAS," said Joe Serra, co-chair for the 2009 NAIAS. "While the automotive industry is in the midst of an obvious time of adjustment, the interest in the future of cars has only increased. What better place to see the future of automotive than in Detroit."
The public and media will be treated to a number of world debuts of highly anticipated vehicles from exhibitors such as General Motors, Chrysler, Kia, Volkswagen, Audi, Honda and Toyota. As the environmental impact of vehicles increasingly moves to the forefront of buyers' minds, many of the debuts will include vehicles designed with a 'green' mindset including the 2010 Toyota Prius, and 2010 Honda Insight.
One of the largest media events in North America, the NAIAS is the only auto show in the United States to earn an annual distinguished sanction of the Organisation Internationale des Constructeurs d'Automobiles, the Paris-based alliance of automotive trade associations and manufacturers from around the world.
Photo: Detroit, Mich.: At the 2008 North American International Auto Show, attendees enjoy all the sights and sounds of Public Days.
NAIAS 2009 EXHIBITOR PRESS CONFERENCE SCHEDULE
(THIS SCHEDULE IS SUBJECT TO CHANGE)
Sunday, January 11, 2009
7:00 am Media Credential Office Opens / Oakland Concourse
8:30-8:55 am Johnson Controls / D2-15
9:00 am Show Floor Opens
9:10-9:30 am NAIAS 2009 Opening Ceremony / Michigan Hall Stage
9:30-10:00 am North American Car and Truck of the Year Awards
10:10-10:35 am General Motors
10:50-11:15 am Lexus / Riverview Ballroom
11:25-11:50 am Ford / Cobo Arena
12:00-12:25 pm Chrysler
12:35-1:00 pm BMW
1:10-1:35 pm Volkswagen
1:45-2:10 pm Bentley
2:20-2:45 pm Kia
2:55-3:20 pm Audi
3:30-3:55 pm MINI
4:05-4:30 pm Lamborghini
4:40-5:05 pm Subaru
5:15-5:40 pm Jaguar / Main Show Floor
5:50-6:15 pm Volvo / Main Show Floor
Monday, January 12, 2009
7:00 am Show Floor Opens
8:30-8:55 am Michelin Corporate
9:05-9:30 am Lincoln-Mercury / Cobo Arena
9:40-10:05 am Maserati
10:15-10:40 am General Motors
10:50-11:15 am BYD
11:30-11:55 am Toyota / Riverview Ballroom
12:10-12:35 pm Brilliance
12:45-1:00 pm Lamborghini Fashion Show / Lamborghini stand
1:10-1:35 pm General Motors
1:45-2:10 pm Fisker
2:20-2:45 pm Revenge Designs
2:55-3:20 pm Michelin Challenge Design / Michigan Hall
3:30-3:55 pm Alpine / O2-44
Tuesday, January 13, 2009
7:00 am Show Floor Opens
10:00-10:25 am DENSO / Michigan Hall Stage
10:35-11:00 am Johnson Controls / D2-15
11:10-11:35 am EyesOn Design Awards at the NAIAS / Michigan Hall Stage
"At the Detroit 2009 North American International Auto Show, the first thing the press and the public would wish to know about an Automobile Manufacturer is its CURRENT REPUTATION."
© GlobalGiants.Com
|GlobalGiants.com|
Edited & Posted by the Editor | 11:31 AM | View the original post
Building on the success of Twingo, which stands out as the best-selling car of its category in France and one of its category's three best-sellers in Europe, Renault has extended the city car's catalogue of diesel engines to include the dCi 85.
Renault Twingo dCi 85 eco2 combines enhanced performance and driving pleasure with low fuel consumption and CO2 emissions. The dCi 85 engine is available for both the Dynamique and GT versions of Twingo and sales are due to start in France on January, with prices starting from €14,850.
It is equipped with a low inertia turbo which offers response and motoring enjoyment from low engine speeds in all traffic situations.
Renault Twingo dCi 85 eco2 is available in two versions: Dynamique and GT (depending on market). These two equipment levels both feature a specific dynamic front bumper, while the GT version is recognizable by its satin-finish grey lip spoiler and chrome exhaust tail-pipe. Twingo dCi 85 features independent, sliding rear seats which ensure unmatched cabin space, and comfort.
Twingo is market leader in France and is one of the three best-selling cars of its category in Europe. Launched in June 2007, Twingo is available in 18 west-European countries and its sales continue to grow in Europe. With a total of 108,000 cars sold since January 2008, Twingo's share of the west-European market is almost 10%, which is double than what it was in 2006.
Twingo is also turning its attention to international markets and the month of November saw its introduction into both Japan and South Africa.
|GlobalGiants.com|
Edited & Posted by the Editor | 10:32 AM | View the original post
Photo: Team Chevy NASCAR driver Kevin Harvick takes the Chevrolet Equinox Fuel Cell vehicle for a test drive after being shown its General Motors advanced technology Friday, August 29, 2008 in Fontana, California. (General Motors News Photo) (United States)
Photo: Chevrolet Volt Director of Design Bob Boniface (left) shows off the Chevrolet Volt to media as the vehicle makes its West Coast debut at the Los Angeles Auto Show in Los Angeles, California Wednesday, November 19, 2008. The Volt delivers up to 40 miles of gasoline and emissions-free electric driving with the extended-range capability of hundreds of additional miles. (General Motors News Photo) (United States)
Following is GM's letter published in Automotive News :
GM'S COMMITMENT TO THE AMERICAN PEOPLE
"We deeply appreciate the Congress considering General Motors' request to borrow up to $18 billion from the United States. We want to be sure the American people know why we need it, what we'll do with it and how it will make GM viable for the long term.
For a century, we have been serving your personal mobility needs, providing American jobs and serving local communities. We have been the U.S. sales leader for 76 consecutive years. Of the 250 million cars and trucks on U.S. roads today, more than 66 million are GM brands -- nearly 44 million more than Toyota brands. Our goal is to continue to fulfill your aspirations and exceed your expectations.
While we're still the U.S. sales leader, we acknowledge we have disappointed you. At times we violated your trust by letting our quality fall below industry standards and our designs become lackluster. We have proliferated our brands and dealer network to the point where we lost adequate focus on our core U.S. market. We also biased our product mix toward pick-up trucks and SUVs. And, we made commitments to compensation plans that have proven to be unsustainable in today's globally competitive industry. We have paid dearly for these decisions, learned from them and are working hard to correct them by restructuring our U.S. business to be viable for the long term.
Today, we have substantially overcome our quality gap; our newest designs like the Chevrolet Malibu and Cadillac CTS are widely heralded for their appeal; our new products are nearly all cars and "crossovers" rather than pick-ups and SUVs; our factories have greatly improved productivity and our labor agreements are much more competitive. We are also driven to lead in fuel economy, with more hybrid models for sale and biofuel-capable vehicles on the road than any other manufacturer, and determined to reinvent the automobile with products like the Chevrolet Volt extended-range electric vehicle and breakthrough technology like hydrogen fuel cells.
Until recent events, we felt the actions we'd been taking positioned us for a bright future. Just a year ago, after we reached transformational agreements with our unions, industry analysts were forecasting a positive GM turnaround. We had adequate cash on hand to continue our restructuring even under relatively conservative industry sales volume assumptions. Unfortunately, along with all Americans, we were hit by a "perfect storm." Over the past year we have all faced volatile energy prices, the collapse of the U.S. housing market, failing financial institutions, a stock market crash and the complete freezing of credit. We are in the midst of the worst economic crisis since the Great Depression. Just like you, we have been severely impacted by events outside our control. U.S. auto industry sales have fallen to their lowest per capita rate in half a century. Despite moving quickly to reduce our planned spending by over $20 billion, GM finds itself precariously and frighteningly close to running out of cash.
This is why we need to borrow money from U.S. taxpayers. If we run out of cash, we will be unable to pay our bills, sustain our operations and invest in advanced technology. A collapse of GM and the domestic auto industry will accelerate the downward spiral of an already anemic U.S. economy. This will be devastating to all Americans, not just GM stakeholders, because it would put millions of jobs at risk and deepen our recession. By lending GM money, you will provide us with a financial bridge until the U.S. economy and auto sales return to modestly healthy levels. This will allow us to keep operating and complete our restructuring.
We submitted a plan to Congress Dec. 2, 2008, detailing our commitments to ensure our viability, strengthen our competitiveness, and deliver energy-efficient products. Specifically, we are committed to:
• produce automobiles you want to buy and are excited to own
• lead the reinvention of the automobile based on promising new technology
• focus on our core brands to consistently deliver on their promises
• streamline our dealer network to ensure the best sales and service
• ensure sacrifices are shared by all GM stakeholders
• meet appropriate standards for executive pay and corporate governance
• work with our unions to quickly realize competitive wages and benefits
• reduce U.S. dependence on imported oil
• protect our environment
• pay you back the entire loan with appropriate oversight and returns
These actions, combined with a modest rebound of the U.S. economy, should allow us to begin repaying you in 2011.
In summary, our plan is designed to provide a secure return on your investment in GM's future. We accept the conditions of your loan, the commitments of our plan, and the results needed to transform our business for long-term success. We will contribute to strengthening U.S. energy and environmental security. We will contribute to America's technical and manufacturing know-how and create high quality jobs for the "new economy." And, we will continue to deliver personal mobility freedom to Americans using the most advanced transportation solutions. We are proud of our century of contribution to U.S. prosperity and look forward to making an equally meaningful contribution during our next 100 years."
"GM's foregoing appeal to the U.S. taxpayers leaves a negative impression on the shareholders and on the Investors-in-Waiting -- the key players that matter the most. The appeal makes no sense to them. They are looking for any tangible positive catalysis at GM.
If General Motors Corporation emboldens the shareholders and the Investors-in-Waiting by any courageous rational move, that would enable it to pull itself through."
© GlobalGiants.Com
"G.M. said it planned to focus on four core brands -- Chevrolet, Cadillac, Buick and GMC -- and sell, eliminate or consolidate the Saturn, Saab, Hummer and Pontiac brands.
Despite having downsized its operations in the last three years, G.M. said it would cut more than 20 percent of its remaining jobs, shut nine factories, seek to renegotiate the terms of $66 billion in debt, and push to reopen contract talks with the United Automobile Workers to reduce labor costs."
-- Article in The New York Times
"Bankruptcy, whether it's structured or not, would destroy demand for that company's vehicles and put dealers out of business."
-- Annette Sykora, Chairman of the National Automobile Dealers Association
"The terms of the loans will require auto companies to demonstrate how they would become viable. They must pay back all their loans to the government, and show that their firms can earn a profit and achieve a positive net worth. This restructuring will require meaningful concessions from all involved in the auto industry -- management, labor unions, creditors, bondholders, dealers, and suppliers.
In particular, automakers must meet conditions that experts agree are necessary for long-term viability -- including putting their retirement plans on a sustainable footing, persuading bondholders to convert their debt into capital the companies need to address immediate financial shortfalls, and making their compensation competitive with foreign automakers who have major operations in the United States. If a company fails to come up with a viable plan by March 31st, it will be required to repay its federal loans.
The automakers and unions must understand what is at stake, and make hard decisions necessary to reform. These conditions send a clear message to everyone involved in the future of American automakers: The time to make the hard decisions to become viable is now -- or the only option will be bankruptcy."
-- President George W. Bush on the administration's plan to assist U.S. auto makers. December 19, 2008.
Edited & Posted by the Editor | 2:55 AM | View the original post
Ford Motor Company has just announced in Dearborn, Michigan that it will re-evaluate strategic options for Volvo Car Corporation, including the possible sale of the Sweden-based premium automaker.
Ford said the decision to re-evaluate strategic options for Volvo comes in response to the significant decline in the global auto industry particularly in the past three months and the severe economic instability worldwide. The strategic review of Volvo is in line with a broad range of actions Ford is taking to strengthen its balance sheet and ensure it has the resources to implement its product-led transformation plan.
"Given the unprecedented external challenges facing Ford and the entire industry, it is prudent for Ford to evaluate options for Volvo as we implement our ONE Ford plan," said Ford President and CEO Alan Mulally. "Volvo is a strong global brand with a proud heritage of safety and environmental responsibility and has launched an aggressive plan to right-size its operations and improve its financial results. As we conduct this review, we are committed to making the best decision for both Ford and Volvo going forward."
Ford said the review likely will take several months to complete. In the meantime, Ford will continue working closely with Volvo as it implements its restructuring plan under CEO Stephen Odell, who was appointed to lead Volvo earlier this year.
Photos: Volvo XC60
"Outstanding safety, an increased focus on environmentally friendly vehicles and contemporary Scandinavian design will continue to be the foundation upon which we will build a strong Volvo business for the future." Volvo CEO Stephen Odell said. "We intend to build upon our strong brand heritage and to appeal to our global customers with vehicles like the new XC60 -- the safest car Volvo has ever built. Volvo also will introduce seven low-emission models in 2009, giving us the best environmental product range in the premium segment. We have a strong brand presence in Europe, North America and the Asia Pacific region, and are growing in key markets such as China and Russia, where we are the leading premium brand."
Ford Motor Company's core and affiliated automotive brands include Ford, Lincoln, Mercury, Volvo and Mazda.
"It is an interest that is important to our economy, to our industrial base, the workforce concerns that are important to our country. We want to be able to review the performance of the auto companies as we go forward. In order to do that, it is important for us to pass legislation that will set criteria for restructuring and reorganization of that industry and the companies within it.
It is important to note that unless the restructuring that is called for in this legislation and the goal of viability is achieved by March 31, there is no justification for spending any more taxpayer dollars. Now it has been said this is a loan of $15 billion because it's for a different purpose than under Section 136; 136 is for innovation...
But come March 31, it is our hope that there will be a viable automotive industry in our country with transparency and accountability to the taxpayer. We think that is possible...
But if they don't meet the conditions of restructuring, there is not going to be an endless flow of money to this industry, left to their own devices and the practices they have engaged in.
So we will see how willing everyone is to go into the future, but we want to recognize the importance of the automotive industry to our country. Their survival is essential to our economy. If they cannot survive, then we have to make a re-evaluation of the leadership as well, because we will not give up on our automotive industry. It's just a question of how it is manifested and how it is led.
I am very encouraged by the conversations so far. We are on the path. I will only support using Section 136 with the assurance that we will get it back in a number of weeks. And in fact, in a number of weeks, if the Big Three are not on the path to viability, we may want our money back sooner than March 31 instead of over the longer term that would be built into the bill should they again be a thriving, competitive, innovative auto industry for the future."
-- Nancy Pelosi, Speaker of the United States House of Representatives. December 8, 2008
"Running a multi-billion-dollar automobile company with thousands of employees, retirees, suppliers, dealers and communities counting on you is not for the weak of heart or for the timid or the untried. Especially the untried.
Having been there, I do not agree with the sentiment now coming out of Congress that the management should be changed as a condition of granting loans to the Detroit automakers. You don't change coaches in the middle of a game, especially when things are so volatile. The industry has been brutalized by a totally unpredictable series of events over which it had little control and that is beating it unmercifully into the ground.
The companies may not be perfect but the guys who are running them now are the only ones with the experience and the in-depth knowledge and understanding of how the car business really works. They're by far the best shot we have for success. I say give them their marching orders and then let them march. They're the right people to get the job done."
-- Lee Iacocca, Former Chairman and CEO of Chrysler and Former President of Ford Motor Company, on Auto Industry Loans. Los Angeles, December 9, 2008.
|GlobalGiants.com|
Edited & Posted by the Editor | 11:13 AM | View the original post
Photo: At the T-Mobile store in Rockefeller Center in New York, celebrity photographer Steve Vaccariello snaps free holiday family portraits using the new 5 megapixel camera phone MOTOZINE ZN5 that uses Kodak Imaging Technology for shots that are "picture-perfect".
Motorola has brought mobile imaging device MOTOZINE ZN5 to North America. It is available exclusively for T-Mobile USA customers. Created in collaboration with Kodak, MOTOZINE ZN5 combines a high-quality phone and camera experience to help users click together and share the memories they capture.
Photo taken with the ZN5 : Yulia Borodina - Moscow
ZN5 puts image capture first with a high-resolution screen and one of the fastest click-to-click times available. To launch the camera, simply slide open the lens cover to transform the phone into an ultra-fast, natural-feeling 5 megapixel imaging device. Unlike most "camera phones" on the market, the ZN5 has the feel of a digital camera with the shutter button, flash and viewer in the standard placement consumers expect. Plus, with auto focus for sharp, vivid pictures, a Xenon flash, an included 1 GB memory card (with 4GB of optional external memory support) to store favorite images, optimized settings for low-light environments and red-eye reduction, there is no longer a need to carry two devices. ZN5 is both a phone and a digital camera.
Photo taken with the ZN5 : Jonathan Leijonhufvud - Beijing
"The arrival of the MOTOZINE ZN5 at T-Mobile provides a new opportunity for customers to instantly capture and share each special moment in their lives," says Dennis Burke, vice president, Sales, Motorola Mobile Devices. "The MOTOZINE ZN5 simplifies mobile imaging while empowering users with the tools they traditionally rely on in a digital camera."
"The MOTOZINE ZN5 is a terrific phone for T-Mobile customers who value instant connections with loved ones," says Travis Warren, Director of Device Marketing at T-Mobile. "Who wants to lug around several tech devices during the holidays when one - the ZN5 - will suffice, making it easier than ever to snap and share photos with family and friends."
Photo taken with the ZN5 : Daniel Arantagy - Sao Paulo
In phone mode, ZN5 features Motorola's patented CrystalTalk™ technology to help callers hear and be heard, even in noisy environments. With dual compatibility for GSM and Wireless Local Area Network (WLAN), users can connect in more areas around the world3 and enjoy high-speed wireless connections to surf the Web1 via a full HTML browser. To complete the communications experience, ZN5 also supports SMS, MMS, IM and personal e-mail1.
T-Mobile USA, Inc. is the U.S. operation of Deutsche Telekom AG's Mobile Communications Business, and a wholly owned subsidiary of T-Mobile International, one of the world's leading companies in mobile communications. T-Mobile is a federally registered trademark of Deutsche Telekom AG.
|GlobalGiants.com|
Edited & Posted by the Editor | 8:54 AM | View the original post
Photo: The TKTS ticket booth, a mainstay for bargain-conscious theater fans since 1973, recently opened its upgraded structure made entirely of glass supplied by Saint-Gobain, the world's largest producer of building materials.
Headquartered in Paris, Saint-Gobain has more than 210,000 employees throughout the world, including 25,000 in the U.S. and Canada. In addition to its leadership in glass for architectural products, the company is the world's largest supplier of building materials and is a major manufacturer of high-performance materials and glass containers.
The new TKTS ticket booth on Father Duffy Square in New York City has finally opened its portholes after several years of design and construction. The new booth -- a striking glass structure in the heart of New York's theatre district -- was officially declared open by New York City Mayor Bloomberg at a gathering of celebrities and city officials on October 16th.
Huge pieces of ultra-clear Saint-Gobain Diamant Glass envelope and protect the futuristic white ticket pod. The glass steps above it are claret red in the shadow of the surrounding buildings but turn brighter as the midday sun reflects off the colored interlayer.
As Saint-Gobain itself describes, "At night, when the booth's light-emitting diodes (LEDs) are switched on, the whole structure glows like a 'magical ruby'. Transformed from its temporary scaffold and sheeting appearance into a gleaming all-glass sculpture by Perkins Eastman architects, the booth is rapidly becoming a landmark for locals and visitors alike. The booth is already attracting throngs of weary walkers -- happy to make the short climb up the 27 glass steps to absorb a unique view of New York."
The amphitheater will be able to accommodate more than one thousand visitors as they wait for tickets, eat their lunch or just sit and watch the hustle and bustle of the Times Square district. It will also likely serve as a space for many photo shoots, weddings and film sets.
The steps comprise three-layers of Saint-Gobain Diamant ultra-clear glass, laminated with a red interlayer and surface treated for slip-resistance. The one-and-a-half inch steps are designed for maximum durability.
The ultra-clear walls structurally support the steps, serving as a balustrade and protecting the administration pod inside.
All of the glass panels were developed and manufactured at Saint-Gobain's Eckelt Glas factory in Austria.
Source: Saint-Gobain
|GlobalGiants.com|
Edited & Posted by the Editor | 1:34 AM | View the original post
Acquainting the U.S. federal government with "The Cost of GM's Death", Crain Communications's automotive industry tabloid newsweekly 'Automotive News' has issued the following statement:
If Congress thinks a bailout of General Motors is expensive, it should consider the cost of a GM failure.
Let's be clear. The alternative to government cash for GM is not a dreamy Chapter 11 filing, a reorganization that puts dealers and the UAW in their place, ensuring future success.
No, even if GM could get debtor-in-possession financing to keep the lights on (which it can't), Chapter 11 means a collapse of sales and a spiral into a Chapter 7 liquidation.
GM's 100,000 American jobs will die. Health care for a million Americans will be lost or at risk. Hundreds of GM's 1,300 suppliers will die. Their collapse could take down Ford Motor Co. and Chrysler LLC, perhaps even North American transplants. Dealers in every county of America will close.
The government will face greater unemployment, more Americans without health insurance and greater pension liabilities.
Criticize Detroit 3 executives all you want. But the issue today is not whether GM should have closed Buick years ago, been tougher with the UAW or supported higher fuel economy standards.
In the next two to four months, GM will run out of cash and turn out the lights. Only government money can prevent that. Every other alternative is fantasy.
The $25 billion in loans that Congress approved to partially fund improvements in fuel economy? Irrelevant. Dead automakers do not invest in technology.
The collapse of the global financial system has crushed the American car market, dried up revenues for the Detroit 3 and highlighted their weaknesses.
Each of the Detroit 3 is in crisis. But Ford, which borrowed big two years ago and thus has more cash today, may skip a bailout and the strings attached. Cerberus, which bought Chrysler last year, doesn't deserve money. Government cash might help sell Chrysler to a strategic owner.
Some Detroit critics want their pound of flesh: Throw the bums out and install a government czar. Treasury Secretary Henry Paulson won't use any of his $700 billion bank bailout money to help manufacturers. In any case, he'd need a guarantee that a bailout would make Detroit "viable."
Well, nobody -- not even AIG -- is insuring guarantees for viability.
The taxpayer needs protection and an upside. GM's top management may need to go. Government-as-shareholder deserves a big voice. Those details can be worked out.
The Detroit 3 CEOs and UAW President Ron Gettelfinger had better tell two critical congressional hearings next week what sacrifices they are prepared to make.
But the stark fact remains: Absent a bailout, GM dies, and with it much of manufacturing in America. Congress needs to do the right thing -- now.
Source: Automotive News
"From the sublime to the ridiculous there is but one step."
-- Napoleon Bonaparte
"We saw how the Japanese auto companies changed their business practices and were able to stay competitive. We had about 25 years or so to try to deal with this, and we didn't. Now it looks like the reckoning is coming.
My heart says, 'yes,' to the federal loan because of the phenomenal ripple effect throughout the economy if Congress doesn't do it, especially in the Midwest. [The leaders of General Motors, Ford and Chrysler are pleading with Congress for a $25 billion loan as a bailout to the auto industry to prevent bankruptcy.]
But my head says, 'no,' because I don't have a lot of faith the government can intervene and fix this without much more money going in to what would be a bottomless pit, particularly with the hubris of the Big 3 leadership over the past 50 years.
The proposed loan would just be a 'Band-Aid'. All they'd be doing is buying time, perhaps through 2010 when the union contract ends or for the release of the Chevy Volt and other planned hybrid cars.
We'd be starting to see America more like a colonial economy, no longer the primary owners of what we make, and we'd see more of the wealth go overseas."
-- John Heitmann, Automotive Historian and Expert, University of Dayton
"Notwithstanding the criticism of its management, General Motors Corporation must remain intact. Americans must remember that for the last many years, the words 'General Motors' and 'Chevrolet' have been synonymous with the word USA, and have been their brand ambassadors worldwide.
The issue of 'GM's Bailout' is not merely an issue concerning domestic finance, commerce, industry, or economy. It is much more than that. It is an issue of America's honor, goodwill, and credibility in the international business."
© GlobalGiants.Com
|GlobalGiants.com|
Edited & Posted by the Editor | 1:35 AM | View the original post
Photo: 2009 Chrysler PT Cruiser
Grant Thornton LLP's Corporate Advisory and Restructuring Services Group has announced the release of The State of Chrysler report, which, according to it, "Thoroughly examines the company, including its operations, product development, future outlook, strategic alternatives and the hidden value of a potential transaction, including the widely-rumored marriage of General Motors Corp. and Chrysler LLC."
"Chrysler as we know it will cease to exist very soon," says Kimberly Rodriguez, principal of Grant Thornton's automotive practice. "At this point, there are very few options available to either company. We believe a transaction between GM and Chrysler is likely because it would be the most expedient way to protect cash and jobs at both companies. If one or the other company were to fail, we would face a much bigger calamity -- the collapse of the North American supply base and the potential endangerment of all three Detroit automakers and businesses that depend on them."
Photo: GM 2009 Pontiac G5 XFE (United States)
The report finds that under a GM/Chrysler transaction, Cerberus Capital Management would likely receive half of GMAC, GM's financing arm, and keep a percentage of the merged manufacturing entity. There is a strong possibility that the federal government and current company stakeholders will participate in a transaction, with the goal of completing a deal before the presidential election.
More specifically, Grant Thornton's Automotive Advisory experts note the following possible outcomes under a GM/Chrysler transaction:
• Chrysler has 26 model offerings, of which Grant Thornton considers only seven to be core and likely to be retained (56 percent of sales). These include the Dodge Ram pickup truck, core Jeep-brand vehicles and the company's minivans.
• Half of Chrysler's 14 existing manufacturing facilities likely would close. Three already have been announced for closure. A plant reduction of this magnitude would equate to about 12,000 production jobs lost plus another 12,000 administrative positions. Of this amount, a reduction in force of 5,000 has already been announced.
• Hundreds of supplier companies would be impacted, which could result in the loss of an additional 50,000 jobs.
• Dealer consolidation efforts will intensify. Chrysler and GM combined have 22,000 franchises -- half of the total in the United States. However, the combined market share of the merged companies would only be about one-third of today's significantly smaller market for new vehicles.
"Despite the significant number of families that will be impacted, the benefits of combining the two companies are both structural and strategic," Rodriguez said. "From an economic and political standpoint, the new company will likely be viewed as 'too big to fail.'"
Photo: GM 2008 Holden Barina (Australia)
Photo: GM Chevrolet Spark (India)
Other benefits include:
• GM is strong in international markets and is increasingly leveraging global vehicle architectures for scale and efficiency. It is a leader in plug-in hybrid technology with the Chevrolet Volt. To this product mix, Chrysler brings seven key models that have been recently redesigned or will be by 2010.
• The new company will be a much more powerful force in the full-size pickup truck segment, displacing Ford as the truck leader.
• The combined company will have more liquid assets, thanks to the cash on Chrysler's balance sheet.
• Significant cost-reduction opportunities will be possible, especially in sales, marketing and administrative functions. Overlapping assets can be sold.
Rodriquez concludes, "On the whole, the combination of GM and Chrysler would certainly create yet another wild ride on the auto industry rollercoaster, where cash and platform position determine the winners and losers."
Source: Grant Thornton LLP
|GlobalGiants.com|
Edited & Posted by the Editor | 8:01 AM | View the original post
Consumer-Generated Content Proves Beneficial for Consumers during the New-Vehicle Shopping Process.
New-vehicle buyers are using the Internet more than ever when researching vehicle information, according to the J.D. Power and Associates 2008 New Autoshopper.com Study(SM) released yesterday. J.D. Power and Associates is a business unit of The McGraw-Hill Companies.
The study finds that 75 percent of new-vehicle buyers in 2008 are using the Internet during their shopping process, compared with 70 percent in 2007. This year marks the largest year-over-year increase in online shopping since 2001. The total amount of time shoppers spend online researching automotive information has also increased since 2007 -- up 12 percent to more than six and a half hours. Meanwhile, the number of Web sites being visited by new-vehicle shoppers has remained relatively flat since 2007, which suggests that consumers have become more engaged with the sites they currently visit.
• "The current economic environment, coupled with high fuel prices, has given rise to a shift in the vehicle buying habits of U.S. consumers," said Arianne Walker, director of marketing/media research at J.D. Power and Associates. "Shoppers who were once loyal to larger vehicle models are now finding themselves in the market for a compact or midsize car. For many, this is unknown territory, and these shoppers are turning to the Internet for information and education about the vehicles in their new consideration set. The resulting demand for information provides automotive marketers with valuable opportunities to reach out to shoppers via the Internet."
Automotive manufacturers can further engage shoppers through consumer-generated content on the Web. According to the study, nearly 70 percent of automotive Internet users (AIUs) utilize consumer-generated content while shopping for a new vehicle. In particular, vehicle ratings and reviews are the most popular form of consumer-generated content, with 63 percent of AIUs utilizing this resource. Additionally, 95 percent of AIUs who use consumer ratings and reviews say that the information is "helpful." Dealer ratings and reviews are also popular among new-vehicle shoppers, with 38 percent of AIUs utilizing the resource, and 87 percent of those find the information "helpful."
"The collaborative environment facilitated by Web 2.0 is changing the way shoppers research vehicles, driving many to seek the experiences and opinions of other shoppers and owners," said Walker. "The opinions of other consumers are so impactful that we are already seeing distinct purchasing patterns develop between those shoppers who use consumer ratings and reviews, and those who rely solely on expert ratings and reviews."
The study also finds that different types of automotive Web sites have specific benefits that satisfy the information and shopping needs of consumers. For example, shoppers view independent, third-party sites -- such as Edmunds.com and Kelley Blue Book (kbb.com) -- as being most useful for researching vehicle pricing and for providing ratings, reviews and forums. Conversely, shoppers view manufacturer Web sites as most useful for their information on vehicle model options, features and specifications, while dealer sites are perceived as being most useful for inventory information.
• "The challenge for automotive manufacturers and dealers alike is discovering how best to get involved in online conversations taking place among consumers in order to shift sales to their advantage," said Walker. "Knowing the strengths of various types of sites and where shoppers are going for their information can enable manufacturers and dealers to manage their site content more strategically and focus on efficiently targeting consumers at each stage of the shopping process."
The study also finds that Kelley Blue Book (kbb.com) is the most visited independent Web site, with 44 percent of automotive Internet users visiting the site. Additionally, Edmunds.com is the most useful independent Web site among automotive Internet users. Edmunds.com shoppers are 42 percent more likely than consumers using other independent, third-party sites to say that the reviews, forums and ratings are the most useful information on the site.
This J.D. Power Study is based on the self-reported shopping habits of 27,901 new-vehicle buyers.
|GlobalGiants.com|
Edited & Posted by the Editor | 1:37 PM | View the original post
All-new Ford Ka made its global debut at the 2008 Paris Motor Show. Ford informs that it replaces the original Ka but retains all of the qualities which made the Ka brand popular - "compact size, great looks, lively dynamics and fun personality".
The new Ka has striking interior and exterior design, and according to Ford, "It is setting a new standard for affordable small cars. Practical, safe, cheap to run, and friendly to the environment."
Production of the all-new Ford Ka commences in the autumn of 2008, and the vehicle will go on sale in the UK in late 2008/early 2009.
The first volume production example of the new Ford Ka rolled off the production line at a special ceremony on September 25, in Tychy, Poland, 12 years after the original Ka was launched to great acclaim. Polish Deputy Prime Minister Waldemar Pawlak was guest of honour at the ceremony. With sales due to begin across Europe from early next year, the new Ka was fully revealed to the public at the recent Paris Motor Show.
According to Ford, its designers have given the new Ka a fashionable, modern appearance based around the company's 'kinetic design' form language. A number of visual cues provide a connection to the original Ka, but with its distinctive face and chunky proportions the new model has its own unique character.
"It was three years ago that we reached agreement with Fiat to produce the new Ka here in Tychy," explained Ian Slater, vice-president communications and public affairs, Ford of Europe. "One of the strengths of this co-operation has been that both parties wanted to produce vehicles which would be very different in looks and character. I'm satisfied that in doing so, we've set up a 'win-win' opportunity for both companies."
Annual production of Ford Ka will be 120,000 units a year.
The highly-anticipated new James Bond adventure, 'Quantum of Solace', will feature a cameo appearance from Ford Ka. Ford's cheeky new small car will make its screen debut alongside the film's beautiful but feisty leading lady, Olga Kurylenko. Kurylenko plays Camille, a woman with her own personal mission and who quickly becomes an unlikely ally for Bond.
The new model is expected to continue the considerable success of the original Ford Ka, which is widely considered to be an automotive design icon. Launched at the Paris Motor Show in 1996, the Ka was praised for its exciting "New Edge" styling and class-leading driving dynamics.
According to Ford, throughout its 12-year life "the Ka has remained tremendously popular among small-car buyers, inspiring fierce loyalty from its owners. In total, Ka production has exceeded 1.4 million vehicles".
"We are very excited about the launch of the new Ka", said Roelant de Waard, Chairman and Managing Director, Ford of Britain. "The original has been a huge hit in the UK with a sales record of over 480,000 - 80 per cent of which have been to retail customers, and many of those first-time buyers. I'm confident that the latest design will prove just as big a hit", he added.
|GlobalGiants.com|
Edited & Posted by the Editor | 3:20 AM | View the original post
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