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June Sales: Camaro Outsells Mustang, But Ford Outsells New GM

July 3rd, 2009

2010 Chevrolet Camaro

DETROIT - Here are the numbers you’ve been waiting for: the 2010 Chevrolet Camaro, 9,320 sold in June; Ford Mustang, 7,632 (-29.9 percent versus a year ago June); Dodge Challenger, er, 1,369 (up 34 percent, year-over-year). The number you didn’t expect? Ford Motor Company, not including Volvo, beat the New General Motors, consisting of “core brands” Chevrolet, Buick, GMC and Cadillac. Read more »

Chery: We Want to Compete with Audi, BMW and Mercedes

July 3rd, 2009

Chery Riich G1

Most of us first heard of Chery in 2004 when the Chinese automaker’s QQ minicar was accused of being a copy of  GM’s Daewoo-developed Matiz, pretty much right down to the last spot weld. Attempts to sue Chery failed to gain traction in Chinese courts. At one point Chinese officials claimed they could find no evidence Chery had copied a GM car, even though the doors on the QQ were interchangeable with those of the Matiz. GM dropped the case in 2005 after having reached a settlement with Chery, apparently with the encouragement of the Chinese government. Read more »

Ferdinand Piech and the New Porsche 914

July 3rd, 2009

Volkswagen and Porsche logos

So Porsche says it can’t make a business case for small cars. The new millennium 914 is off, Porsche AG board member Klaus Berning told Automotive News. Coincidentally, this news comes after Volkswagen AG had offered to help Porsche out of its $13 billion in debt in exchange for 49 percent of the company. VW gave Porsche to Monday to decide on the offer. Scion and Chairman Wolfgang Porsche told his cousin, VW Chairman Ferdinand Piech what to do with the offer. Read more »