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HotRides: The best car / auto posts from around the web
The best car / auto posts from around the web. New Cars, Classic Cars, Car Mods and hacks

“This transaction represents a constructive and important solution to the problems that have plagued not just Chrysler in recent years, but the global automotive industry as a whole. Bringing together Fiat’s world-class technology, platforms and power-trains for small and medium sized cars, and its extensive distribution network in Latin America and Europe with Chrysler’s rich [...]
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HotRides: The best car / auto posts from around the web
The best car / auto posts from around the web. New Cars, Classic Cars, Car Mods and hacks

Well it?s official, Hail Mary incomplete. In a last minute effort to woo stakeholders into concession, Chrysler fell short of its Wednesday night deadline to stave off Chapter 11. Of 46 original holdouts earlier in the day, it all came down to three: Oppenheimer Funds, Perella Weinberg Partners and Stairway Capital. The [...]
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HotRides: The best car / auto posts from around the web
The best car / auto posts from around the web. New Cars, Classic Cars, Car Mods and hacks

In preparation for the annual Queen’s Day celebration, onlookers of the royal motorcade were suddenly rocked as a black Suzuki plowed through dozens of people, killing at least four and injuring a dozen more. The car was captured on video crashing into a monument and the driver was apprehended and placed in an ambulance.Witnesses [...]
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HotRides: The best car / auto posts from around the web
The best car / auto posts from around the web. New Cars, Classic Cars, Car Mods and hacks

In a surprise, almost off-hand announcement, President Obama told the nation that GMAC will finance Chrysler wholesale (dealer) and retail (customer) sales, as the ailing automaker enters Chapter 11. Obama promised “fresh financing” for GMAC to do the deal. Not Chrysler Finance. The remark adds substance to rumors that the Presidential Task Force on Automobiles [...]
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HotRides: The best car / auto posts from around the web
The best car / auto posts from around the web. New Cars, Classic Cars, Car Mods and hacks

I have recently received an e-mail from an anonymous insider. This person has indicated that apparently Saab Automobile believes that the Swedish company Koenigsegg & the Swedish investment group (Power Circle) are to be the best possible buyers for their company at this time.Swedish company, Koenigsegg is the third automobile manufacturer in Sweden and has [...]
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HotRides: The best car / auto posts from around the web
The best car / auto posts from around the web. New Cars, Classic Cars, Car Mods and hacks

“This transaction represents a constructive and important solution to the problems that have plagued not just Chrysler in recent years, but the global automotive industry as a whole. Bringing together Fiat’s world-class technology, platforms and power-trains for small and medium sized cars, and its extensive distribution network in Latin America and Europe with Chrysler’s rich [...]
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HotRides: The best car / auto posts from around the web
The best car / auto posts from around the web. New Cars, Classic Cars, Car Mods and hacks

In his cut-and-paste letter to ex-Chrysler-as-we-knew-it employees, ex-Chrysler CEO Bob Nardelli refers his ex-troops to a website set-up to explain just how bad their post C11 situation isn’t. The electronic hand-holding portal—www.chryslerrestructuring.com— offers nothing more than the press release and the letter (which refers to the site that refers to the letter). Slightly more reassurance [...]
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HotRides: The best car / auto posts from around the web
The best car / auto posts from around the web. New Cars, Classic Cars, Car Mods and hacks

“Chrysler’s bankruptcy,” according to President Obama’s statement today, “is not a sign of weakness.” The goal is not to radically restructure the business of a firm that has been failing for decades and currently makes some of the least desireable vehicles on the market. No, for Obama and his task force, this is about going [...]
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HotRides: The best car / auto posts from around the web
The best car / auto posts from around the web. New Cars, Classic Cars, Car Mods and hacks

“Chrysler’s bankruptcy,” according to President Obama’s statement today, “is not a sign of weakness.” The goal is not to radically restructure the business of a firm that has been failing for decades and currently makes some of the least desireable vehicles on the market. No, for Obama and his task force, this is about going [...]
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HotRides: The best car / auto posts from around the web
The best car / auto posts from around the web. New Cars, Classic Cars, Car Mods and hacks