Three Disappeared Convertibles

Different automakers have been putting their best endeavors to introduce some really impressive and effective topless vehicles since automobile advent. It was in late 1970s when it became almost impossible to get a real classy convertible in the US mainly due to the set safety standards. At that time most of automakers began to show off some alternatives like T-top and targa.

But in 1980s convertible began to get their rightful place once again and soon they were part of almost every automaker line-ups that was carrying its business in the US. There was an array of such drop-top vehicles available in the market after that resurgence. Autos like Mazda Miata and Chrysler LeBaron convertibles proved quite staggering and changed the whole scene.

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Canadian auto parts maker Magna, Italian automaker Fiat and Belgian investment company RHJ International have emerged as the final bidders for GM’s subsidiary Opel.

So far, it has been confirmed by fiat that they have put a bid for Opel acquisition and the final bids for the company are due on Wednesday evening.

The US government has issued a June 1st deadline to the GM to restructuring of its business and gets some concessions from the holders as well as for getting more loans however, according to GM it’s not seeing that they are going to complete the deadline. A considerable number of observes believe that GM will soon file a bankruptcy protection on this date.

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The new 2010 Chevy Camaro will soon be treading the road and GM’s Pontiac seems quite on its way. If it had occurred nearly one or two decade earlier, there would be a Pontiac version with the same sickness known as the Trans-Am.

Even the final nail wasn’t put in the coffin of Pontiac and lo!  GM didn’t have any intention at all to develop the newest Camaro based Trans-Am.

But if not GM, someone else would certainly do it and now ASC comes to accomplish that. ASC or American Specialty Cars is a subcontractor that is quite popular for its different convertibles that can be seen on the road these days like Toyota Camry, Mitsubishi Eclipse Spyder and Solara Convertible.

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The first quarter of the current financial year was quite shattering for many automakers and most of them had to face untoward financial troubles under the shadows of deepening recession and slow down in sales.

The Detroit-based GM have been looking towards the US Government for a bailout to avoid a possible bankruptcy and this is because of these very fears and slowdown in worldwide sales that the giant automaker had to undergo $6 billion loss in the first quarter of the current financial year.

The company’s revenue cut nearly 50% as most of the buyers had shown concerned that the company would soon announced a bankruptcy and wouldn’t be able to honor its various warranties.

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Best Sports Cars

During the past few decades a large number of sports cars have been produced by various automakers and car transport companies in almost every part of the world and it is, indeed, somewhat tough to decide what are the best sports cars of all time. Here is a list of 15 best sports cars of all the time. The list has been developed considering the power, innovative design and fastness of these cars. Let’s have a look what my 15 best ever picks have in them.

1. Ferrari 250 GTO

Many are of the view that the 250GTO was the best Ferrari ever produced; this exceptional sporty was launched in 1962. Design-wise it was a compact berlinetta and Giotto Bizzarrini was behind its concept. When it comes to performance, with its V12 3-liter engine it could produce 302hp and covered 0-60mph in just 6.1seconds.

Photo by Alex Windust

2. AC Cobra 427

It was Carroll Shelby who dreamed that car and AC, the British automaker was brought this dream into concrete form, but he was Shelby who named it Cobra. One interesting fact about the car was that it got its parts and accessories from different cars. The 427 was available with a 7-liter engine and could produce 425hp with 0-60mph acceleration of 4.2seconds.

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Environmental-friendly and fuel-efficient vehicles

Considering the higher fuel prices and increasing rates of environmental pollution, most of automakers are leaving no stone unturned to produce some really fuel efficient vehicles that may serve as the best alternative to better fight when gas prices are on rise again.

Almost all big automakers like Honda, Nissan, Chevrolet, Ford, Toyota, Lexus and GMC are introducing more and more energy efficient vehicles with every passing day and  doing really worthwhile to protect environment from pollution and save considerable amounts of energy resources.

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The development of a 6-speed auto transaxle has been completed by Hyundai and it is being considered quite effective to improve fuel economy and reduce CO2 emission. It is being claimed that it will improve fuel economy even more than 12.2%.

It has been especially for the crossways engine functions in SUVs and passenger cars. With the advent of its 6-speed automatic transaxle, Hyundai has become the member of the high-class automakers family that have their own 6-speed automatic transaxle.

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Detroit auto crisis now has began to affect global auto industry, as week demands of auto-parts are being observed in many European countries including Czech Republic where auto industry serves as the backbone of the economy.

According to the figures presented by the Czech government, there was a 7.6 percent drop in production during October 08, while it saw 8.9% expansion in September.

Similarly, there was a 15% drop in the auto exports of the country and it became the cause of deficit in the external trade balance of the country.

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The struggling Detroit automakers GM, Chrysler and Ford will receive a $14b loan as rescue package as it has been approved by the American House of President with a 231-170 vote on Wednesday.

Whether the loan will lead the big three to a lasting feasibility and competitiveness or not it was discussed by Republicans in the Senate and the House throughout the day.

Richard Shelby, a Senate Republican and the one of the top GOP member of the Banking Committee, has suspected to delay the legislation with filibuster.

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To help chart a course for the auto industry, Barack Obama promises to meet with the leaders of Detroit’s automakers and UAW.

Obama said in an interview that the industry needed to be helped for producing more efficient vehicles.

“If I am elected, I will be immediately meeting with heads of the Big Three automakers and with the United Auto Workers as well,” he said. “I would like sit down with them and craft a strategy that can put auto industry on a path to compete with anybody in the world.”

Obama didn’t speak to the possibility of a GM-Chrysler merger. He has said that he supports doubling a $25-billion loan program that congress has approved last month to retool plants and many automakers and parts suppliers are looking for it to survive in a massive cash crunch.

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