A recent government report stated that taxpayers are not likely to receive full payment for the loan made to GM. Mr. Whitacre, General Motor’s Chairman, says that General Motors has every intention of repaying the taxpayers $6.7 billion. This excludes nearly a billion dollars that was lent to the old GM that remains in bankruptcy. The remaining $50 billion that was borrowed was given in the form of stock which the U.S. Government hopes to get back from public stock offerings.
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Nissan Plans World’s Least Expensive Car
The chief of Nissan has announced plans to produce a small car for sale in India. It will cost less than any other car sold in the world. It should be available in 2011.
The car will be manufactured by Bajaj Auto in India. It will compete with with Tata Motors, Nano, which sells for as little as $2,500.00 and started selling this year. The Nano is a hatch back that can seat up to five people.
General Motors and Toyota have announced that they also intend to sell a low cost car in India.
Nissan Maxima Recall
2009 – 2010 Nissan Maxima – The upper strut insulator could crack. This might affect the stability and could increase the chance of a crash. Please call your dealership and schedule an appointment.
Nissan Altima Recall
2009 – 2010 Nissan Altima – The upper strut insullator could crack. This could affect the stability and increase the chance of a crash. Please call your dealership and schedule an appointment.
2009 Chevy Malibu Demolishes a 1959 Bel Air
The insurance Institute for Highway Safety has produced a video of two vehicles crashing. One was a 1959 Chevrolet Bel Air and the other a 2009 Chevy Malibu. The test was done on the 50th anniversary of the Insurance Institute for Highway Safety to show all the progress that has been made over the years regarding vehicle safety. The Bel Air collapsed including the area where the driver would be seated. The Bel Air got a poor rating in every category and the 2009 Chevy Malibu received a Good in every category but one which was a Marginal rating.
Saturn Ion Recall
2006 Saturn Ion – Lighting problem -Sabersport is recalling 16,270 combination corner and bumper lamp assemblies. These headlamps do not conform with certain requirements. The decreased lighting visibility could result in a vehicle crash. Pleas call your Saturn dealership immediately and schedule an appointment.
Saturn Vue Recall
2008 Saturn Vue – Steering problem – Some of the Saturn Vue’s may have a problem with the nut securing the power steering line to the power steering pump. It may loosen and if this happens there could be a power steering leak.The fluid could come in contact with hot exhaust components and could create a possible engine fire. Please call your Saturn dealership immediately and schedule an appointment.
Saturn Outlook Recall
2006 Saturn Outlook – Fuel System problem – On some motor homes built on a Ford chassis, the fasteners holding the fuel tank mounting may not have been properly tightened which could mean the fuel tank might loosen and fall. If this happens, there is the possibility for the tank to ignite which could result in personal injury, and property damage. Please call you dealership to schedule an appointment immediately.
