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Home prices post 18.1 percent annual drop in April
Associated Press/AP Online
2009-06-30
NEW YORK - There is a clear trend home prices declines are moderating - another sign the beleaguered housing market is stabilizing, according to data released Tuesday.

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  • Parallel Universe in China for GM for First Half of 2009
    GM sold more than 100,000 vehicles a month in China in January-June for a total of 814,442 units going across Chinese curbs for the first half. That is a record for any half-year for GM in China, and is also the Chinese record for six months. Just for comparison, GM sold 1,094,561 units in full-year 2008, which was also a record year. Do the math, and you can see that GM will easily blow past their 2008 record, unless the whole country is hit by an earthquake.
    Fri, 03 Jul 2009 22:55:26 +0000
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  • Some Toyota Prius Owners in Dark Mood
    Depending on whether the shop has to replace part of the assembly, or, the entire light assembly module, the cost runs from $300 USD to $1800 USD. That is per handlamp. A few owners have stated that they have had to replace both HID lamps on their Prius. Think about paying $600 out of pocket to replace the headlamps on your 2 year-old Prius, and, it’s not a happy thought. Think about paying $3600 to replace your headlights and your thoughts become as dark as the night. Hence, the class-action suit.
    Fri, 03 Jul 2009 15:48:27 +0000
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  • Magna Gets Much Closer to Acquiring Opel
    It looks like it’s really to happen. The board of Magna is set to approve a business plan next week to acquire Opel, the struggling German subsidiary of General Motors. That means the Canadian auto-supplier will decide to own a large automaker by July 7 if everything keeps going well.
    Fri, 03 Jul 2009 00:16:06 +0000
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  • Fiercer and More Powerful: Maserati’s Granturismo S
    By James Wong 07.02.2009 Maserati has listened to their customers’ requests for a more powerful, sportier version of their much-lauded sports tourer, the Granturismo. Their response comes in form of the Granturismo S - coming in two versions, one with the new MC-Shift Gearbox and another with a conventional torque converter automatic like in the standard GT. The [...]
    Thu, 02 Jul 2009 15:21:08 +0000
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  • Citroën Shows Off its New C3
    Citroen unveiled its new C3 supermini this morning in Paris, and the new car gives a very good account of itself. More than ever, the C3 makes a statement. And, if this car could talk, it would say something along the lines of, “I’m smart, I’m young, I’m good-looking and I’m ready to do something fun.” In most auto markets of the world, that is a guarantee of sales success. And it appears the new C3 has the goods to be successful.
    Wed, 01 Jul 2009 15:55:00 +0000
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  • Apologies to our Readers
    07.01.2009 Our server went down around 2 AM GMT this morning, and didn’t come back up until after 8 AM GMT this morning in most parts of the world. Our many readers in North America got the worst of it as 2 AM GMT falls during one of the many evening hours in the US and Canada, depending [...]
    Wed, 01 Jul 2009 14:39:46 +0000
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  • Diesel Comes To Town: A5 3.0TDI Quattro
    By James Wong 06.30.2009 For the past week or two, Audi has been advertising its new A5 model over the radio here in Singapore where I live.. It illustrates a conversation between a petrol kiosk attendant and a driver of the all-new A5 turbo-diesel. The advertisement pretty much covered all the benefits of the car over a [...]
    Tue, 30 Jun 2009 04:09:17 +0000
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  • Joke or Masterstroke? Aston Martin Adapts Toyota’s Clever Baby
    It sounds and looks for all the world like one of those joke news items car makers push out on the morning of April Fool’s Day. However, British supercar manufacturer Aston Martin is apparently deadly serious about building its own version of Toyota’s fashionable iQ city car - with a price-tag of around £20,000 ($33,000). The car will be based on the Cygnet concept. For those of you not familiar with the word cygnet, a cygnet is a baby swan.
    Tue, 30 Jun 2009 00:15:18 +0000
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  • Fiat Shifts Gears, Says 500 Sold in North America will have Fiat Badge
    Giolito stated that the four versions of the Fiat 500 that will be retailed in the US are the standard 500, an Abarth 500, a cabriolet and an estate/combi/wagon.
    Mon, 29 Jun 2009 21:10:28 +0000
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  • A Fast Trip in a Slow Machine: 2009 Opel Vectra 2.2 Wagon
    By Roger Boylan 06.27.2009 I knew we were in trouble when, after flooring the accelerator to pass a lagging eighteen-wheeler on an uphill grade, I glanced into the rear-view mirror and saw a Toyota Yaris on my tail. After a micro-eternity I managed to pass the truck and pull into the slow lane. The impatient Yaris hurtled [...]
    Sun, 28 Jun 2009 03:06:02 +0000
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