Bush Says No Bailouts For Automakers - TOP 10 Auto News Today 20080717

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Bush Says No Bailouts For Automakers - TOP 10 Auto News Today 20080717

Posted Wednesday, Jul 16, 2008 by autos

TOP 10 - Mitsubishi MRX09

Bush - Mitsubishi

The purpose-built rally car that Mitsubishi fields in the no-longer-aptly-named 2009 Dakar (the venue for the race is now South America, remember) will shed its Pajero moniker as well as the nominal styling elements that tied it to the Mitsu SUV. Instead, the new MRX09 is the "Racing Lancer". As such, the front end gets the Lancer's "Run for your lives!" gaping maw grille and squinty headlamps.

[ Source : Paul Tan ]

TOP 9 - Lotus 'Eagle' released

Bush - Lotus

Lotus gave up some initial details about the 2+2(ish) tentatively known as the "Eagle" yesterday, and now Autocar has procured a few more shots of the coupe ahead of its unveiling at the London Motor Show next week.

[ Source : Autocar ]

TOP 8 - KTM bringing faster, harder X-Bow to Geneva in 2009

Bush - KTM

As previously reported, KTM plans to expand its offerings beyond the X-Bow, with the introduction of a duo of new city cars and a lightweight off-roader. But KTM isn't content with leaving the X-Bow alone. When the Geneva Motor Show rolls around next March, the newest entrant into the four-wheeled world will get a healthy boost in output courtesy of the Audi S3's 261 hp, 2.0-liter turbocharged FSI engine.

[ Source: NextAutos ]

TOP 7 - Fiat providing limited-edition 500 rental

Bush - Fiat

If you own an Italian masterpiece adorned with a prancing horse, your good fortune is likely tempered with a few mechanical or electrical maladies. If and when that happens, most of us would expect an expensive loaner to take our minds off of our troubles, but team Ferrari has a "better idea."

[ Source : Carscoop ]

TOP 6 - Obama calls GM a "sobering reminder" of U.S. economy woes

Bush - Obama

A quick glance at today's announcements from America's largest automaker is an easy indicator that the U.S. auto market, at the very least, is under as strong as recession as could be imagined. According to Presidential hopeful Barack Obama, the entire industry as a whole is facing a "perfect storm" of "record gas prices, rising steel prices, a credit market contraction that has made it more difficult for consumers to purchase autos, and a weakening economy that has shed jobs for six straight months."

[ Sources : The Detroit News ]

TOP 5 - More pricing details on the HUMMER H3T

Bush - Hummer

To say that HUMMER's launch timing for the H3T sport-utility-truck couldn't be worse seems like an understatement. Trucks which had been flying out of showrooms just a few short years ago are now languishing on dealer lots. What's more, the entire HUMMER brand could get the axe any day now from parent company General Motors. Still, the H3T is coming to a dealer near you in September, and there's nothing that the General can do but price it competitively and hope for the best.

[ Source : PickupTrucks.com ]

TOP 4 - Jaguar celebrates 60 years of XK with the XK60

Bush - Jaguar

The original XK120 was an impressive car for its time. Introduced at the 1948 London Motor Show, it wooed onlookers with its sleek design and a 3.4-liter straight-six developing 160 horsepower. It's 120 mph top speed made it the world's fastest production car at the time and over the years, other XK's followed the original's footsteps -- the XK140 in 1955 and the XK150 in 1958 -- both named for their top speed capabilities.

[ Source : Carscoop ]

TOP 3 - First Lotus Eagle pic surfaces, along with details on the 2+2

Bush - Lotus

Lotus has released the first image and all the details on its new coupe ahead of its unveiling at the London Motor Show next week. A 3.5-liter Toyota V6 mounted amidships, producing 276 hp and 250 lb.-ft. of torque will power the new 2+2. Performance estimates are sketchy right now, but assuming Lotus holds with tradition and keeps the pounds off, the 0-60 time should be below five seconds, with a top speed approaching 160 mph.

[ Source : AutoBlog ]

TOP 2 - Rendered Speculation? 2010 Porsche Cayman leaked

Bush - Porsche

We're already smitten by the current-generation Porsche Cayman and its older brother, the Boxster, and it now appears as if the iconic German automaker is poised to improve the breed even further. What first began with forum rumblings now appears to be official information from the factory. The revised Boxster S and Cayman S models will get direct injection and the new seven speed PDK transmission along with a limited slip differential.

[ Source : Jalopnik ]

TOP 1 - Bush says no bailouts for automakers

Bush - Bailouts

In the wake of GM's restructuring announcement, some observers are beginning to talk about government assistance to get automakers through tough times. President Bush has quickly shot down the idea of assitance for US automakers, saying that the government shouldn't be "bailing out companies." GM spokesman Greg Martin said the General isn't looking for a free pass from Uncle Sam, instead insisting the company is going to take care of itself.

[ Source : Detroit News ]

Comments

by kikster30 on July 16, 2008, 1:11 pm

I didn't know that Jerry Dean Michael aka: Elizabeth Carmichael was out of jail!
by mykillnaws on July 16, 2008, 1:12 pm

Will there be a three wheeled version too? Sign me up for a dealership!
by rafaelc100 on July 16, 2008, 1:12 pm

I'm not so sure about this one. I'm not going to immediately put this past SSC, after all they did surprise me with the Aero.
by shelly on July 16, 2008, 1:12 pm

The only way I see this as possible within a year (with my admittedly limited EV knowledge) is if the Aero EV is powered by plutonium.
by mykillnaws on July 16, 2008, 1:13 pm

I think they just get it. If you're going to feed the public a line of bull, might as well shoot for the stars. Sure makes the Volt seem like the Chevette of EVs by comparison.