April 23, 2012 LIBERTYVILLE, Ill. — VW Credit revealed late last week that is has broke ground for a 30,000-square-foot expansion of one of its Illinois facilities. Through 2018, the multimillion-dollar expansion will bring more than 150 new jobs to the Libertyville area, officials noted. And the VCI Libertyville facility…
Equifax and Moody’s: Lease Activity Gaining Steam
April 23, 2012 Did you know you can lease used classic cars just like you do new cars? ATLANTA and NEW YORK — CreditForecast.com recently discovered through data from Equifax and Moody’s Analytics that most consumers looking to buy a new vehicle are still financing their purchases with loans rather…
Chevrolet Corvette C7 mule caught testing: Video
By: David Arnouts on 4/19/2012 Chevrolet’s C7 Corvette was caught testing out on the open streets, and Autoweek has the video. From the short YouTube clip, this C7 Corvette appears to be wearing different wheels than the C7 that Autoweek published photos of earlier this year. There has…
Former quadriplegic works Corvette assembly line
Posted: Apr 18, 2012 BOWLING GREEN, Ky. – A former quadriplegic fulfilled one of his lifelong dreams when he spent time assisting on a Corvette assembly line in Bowling Green, Kentucky on Wednesday. While Patrick Rummerfield is not a full-time United Auto Worker, he is one of the most sought…
Edmunds.com Unveils Best Retained Value Awards
April 19, 2012 Edmunds.com announced its second annual Best Retained Value Awards, which recognize the brands and new models that have the highest projected residual value after five years expressed as a percentage of the site’s True Market Value when sold new. Headlining the winners revealed on Wednesday were Honda,…
S&P/Experian: Auto Loans Among Lowest Default Rates Since Recession Started
April 18, 2012 NEW YORK — Debtors are doing a better job of keeping up with all primary segments of consumer credit — including auto loans — according to the newest SP/Experian Consumer Credit Default Indices. The March auto loan index reading dropped to 1.11 percent, down from the same…
As Fuel Prices Rise, U.S. Clean Diesel Auto Sales Increase
In some perhaps not surprising news following the spike in fuel prices this spring, clean diesel automobile sales in the U.S. increased an impressive 35 percent during the first quarter of this year, according to information released Tuesday by HybridCars.Com and Baum and Associates. And the two companies say this…
Classic car race returns to Belle Isle, Detroit
4/18/2012 Jim Campbell, Chevrolet’s U.S. Vice-President for Performance Vehicles and Motorsports, IndyCar CEO Randy Bernard, Detroit Mayor Dave Bing, Roger Penske, and Mark Reuss, President of GM North America announced the return of Chevrolet to IndyCar as an engine supplier and the sponsor of the 2012 Detroit Chevrolet Belle Isle…
3 Ways to Lower the Cost of Your Classic Car Insurance
18 April 2012 Those with a passion for vintage or classic cars will understand just how important it is to find the right insurance provider for their motor. With replacement parts being difficult to find and expensive to fit, most drivers are eager to invest their money wisely on an…
Is there a military answer to Fisker’s woes?
April 18, 2012 by Eric Ruth Democratic candidate for may of Wilmington believes he has the solution to Fisker Automotive’s woes and Delaware’s worries over the project to build a hybrid car at the former GM plant near Newport. Scott R. Spencer says the answer to uncertainty over the project…