Thursday, October 1, 2009

Toyota To Recall 3.8 Million Vehicles

BREAKING NEWS! BREAKING NEWS!

In what I can say unequivocally would happen three years ago, I told you so, well not to this magnitude, but sooner or later in Toyota's quest to become the worlds leading auto maker, the teflon shield would start to crumble.
The perils that dogged General Motors for the better part of the last 2 1/2 decades, "QUALITY" would come to inflict pain on Toyota Motor Company. When you become as large as General Motors and now Toyota, quality issues will rear it's ugly head and cause havoc on consumers perception and viewpoint on a manufacturer and becomes even more difficult to change. Audi could do it as it was much smaller and although nearly out for the count, the sample size of vehicles were minimal in comparison to the millions of vehicles that GM and Toyota sell. To many opinions and misconceptions will abound and becomes a public relations nightmare, were talking 3.8 million vehicles and the families that are associated with those vehicles, you do the math.
The recall effects 3.8 million Toyota and Lexus vehicles mostly from a 2-3 year period and is associated with the deaths of 5 people. The problem is mostly linked to a loose fitting floor mat jamming the accelerator and is recommended that the vehicles in the recall should come into a local Toyota or Lexus dealership and have the non fitting floor mat replaced. Until then it is recommended to remove the driver side floor mat until the owner can get to the nearest dealership for replacement.
Enjoy Today!
Kevin Kimbrough
That Car Guy

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Wednesday, July 29, 2009

Carbon Motors Set To Announce Connersville, Indiana As It's Choice To Build Their Brand Of Police Cars


BREAKING NEWS! BREAKING NEWS!

Connersville, Indiana- Carbon Motors Executives and a State of Indiana delegation lead by the Governor Mitch Daniels is headed to Connersville today for a rally and plant kick off at 11:30am est.. The Mayor Leonard Urban has urged the city to rally around the forthcoming announcement to show the company the support it can expect from the city and the state of Indiana.
Connersville, Indiana a city located approximately 70 miles southeast of Indianapolis, Indiana with a population of 15,411 (2000 census data) has reeled from the auto manufacturing decline. The city which had a 15.9% unemployment rate as of June 2009 at one time was called Little Detroit because of the number of automobiles being built in the city. The former Visteon plant in which Carbon Motors is set to occupy sits on 47 acre's, the former auto parts plant employed more than 5,000 people when it closed its doors two years ago.
To find out more about Carbon Motors visit: www.carbonmotors.com
State of Indiana website: www.in.gov
Enjoy Today!
Kevin E. Kimbrough
That Car Guy

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Saturday, July 25, 2009

THE OFFICIAL CASH FOR CLUNKERS WEBSITE

BREAKING NEWS! BREAKING NEWS!

As the official launch of the Cash for Clunkers program is rolled out, please be aware that potentially you could land on a website that may look official, it may be a site that is looking to extract identity information from you or extract money from you. That is why I want to provide you with the official U.S. Government site that will give you all of the info that you should need.

Or visit you local New Car Dealer, who should be well equipped to answer your questions.

Official Site:
Enjoy Today!
Kevin E. Kimbrough
That Car Guy

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2009 Top 10 Vehicle Sales Leaders, Through June 2009

2009 Ford F 150
The Top 10 vehicle sales leaders through June 2009 are out and not much has changed since last year. Although automobile sales are down in the North American market by 35.1% and the overall market not expected to sell more than 10 million vehicles by the end of the year, the current Cash for Clunker rebates may provide a mid year boost to overall sales.
2009 Best Selling Vehicles (thru 6/09):
10. Honda CR-V
9. Ford Fusion
8. Dodge Ram Pick-up
7. Nissan Altima
6. Honda Civic
5. Toyota Corolla/Matrix
4. Honda Accord
3. Chevrolet Silverado
2. Toyota Camry
1. Ford F 150

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Monday, July 13, 2009

I Will Be On WDTN TV Channel 2 Dayton, Ohio 7/14/09 At 7am est.

Kevin E. Kimbrough
That Car Guy
Tune In: Tuesday July 14, 2009
What: Television Interview about the Auto Industry
Where: WDTN Channel 2 Dayton, Ohio Sunrise Edition
When: 7/14/00, 7am est.

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Common Scams To Avoid When Buying A Car

GET YOUR FREE COPY TODAY!

Just send me an email requesting your free e-copy!

I will send you this fact filled e-booklet on how you can navigate your way in and around auto dealerships. Great tips that you, your family and friends can use.

Email Me Today: thekargroup@gmail.com

*Update: Get your free cash for clunkers guide, don't get caught by scam artist looking to rob you, especially online.


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Steve Rattner Is Resigning As The US Task Force Chief

BREAKING NEWS! BREAKING NEWS!
Steve Rattner the US Auto Task Force Chief has announced that he is stepping down after General Motors and Chrysler exit from federal bankruptcy, according to US Treasury Secretary Timothy Geithner.
It is also announced that Ron Bloom, who is a former investment banker and United Steelworkers union official, will replace Rattner, when he steps down.
Timothy Geithner also announced that, " the governments role would shift from restructuring the auto industry to monitoring it."
Enjoy Today!
Kevin Kimbrough
That Car Guy

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General Motors Exits Bankruptcy, What Does This Mean To You


General Motors exited federal bankruptcy 7/10/09 and many have questioned what does this all mean to me. While there are many promises by the new company and our federal government about the so called "New" GM, it will remain to be seen how this new company resonates with consumers and how it can position itself to repay the $50 million dollars in Government backed loans.

GM CEO Fritz Henderson said, "Business as usual is over at General Motors", I ask, really? with a just announced re-badging of the Pontiac G8 as the new Chevrolet Caprice, you certainly fooled me, isn't this more of the same, isn't this what the old GM did? We have seen this story before, not saying that the Pontiac G8 is not a mighty fine vehicle, which it is, but the public is demanding fresh and bold, new and exciting, Pontiac G8, been there, done that.

Bob Lutz is stating that he is staying on after after being scheduled to retire (he is 77 years old) will end up being GM's Vice Chairman in charge of creative design, brands, marketing and communications. Haven't we been her before, I like Bob Lutz and i think he brought alot to the "Old" GM that they sorely lacked, boldness, some outside collaboration and other attributes. However, I honestly believe that when things get comfortable again, people fall into there old ways and it is high time to bring in outside direction, much like Ford Motor Company did with Alan Mullaly, who was hired from Boeing.

GM needs alot more cash and market capitalization to be in a position to repay the taxpayers much more than they had when GM's market capitalization peaked at about $56 Billion dollars, it needs a minimum market capitalization of $67-$68 Billion dollars to even think about repaying the debt that it is carrying now according to many industry experts. It's market share needs to increase from an expected 16% as it exits bankruptcy to 22-27% a number it has nit reached in quite some time.

With a proposed 2010 IPO, the company could raise some cash to assist in paying down the debt it now has, including the remnants of the pension plans that the "New" Gm is still responsible for.
This may be well and good but the company will have to perform well in the coming year or so to get the confidence of the investment markets to pull off a windfall in a new round of share offerings.

It remains to be seen, what the "New" GM will shape up to be, but they must look towards truly re-inventing itself an d not provide lip service as the current changes to me feel awfully familiar, a road we have been down before.

Enjoy Today!
Kevin Kimbrough
That Car Guy

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Monday, June 22, 2009

Big Money Coming To A Dealer Near You, 'Cash For Guzzlers" Bill Passes The Senate


BREAKING NEWS! BREAKING NEWS!


President Barack Obama will soon sign a $1 Billion Dollar bill, recently passed 91-5 by the U.S. Senate, will provide $3,500.00 to $4,500.00 cash vouchers to consumers who trade in their current vehicles for newer, more fuel efficient automobiles and here is the catcher, the trade-ins must be scrapped.

The bill hopes to provide a push to fuel lagging new vehicle sales in the U.S. auto market, the program will last about 3 1/2 months.

The program has been modeled after similar programs in Germany, France and China, which saw huge sales increases when the programs where released in those respective countries.

I will provide more details of the program as it is released.

Enjoy Today!
Kevin Kimbrough
That Car Guy

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Louisiana Welcomes V-Vehicle Co. of San Diego And The 1400 Jobs It Plans On Bringing To A Former GM Plant

T. Boone Pickens

A former Guide Lamp (a spun off GM subsidiary, known as Guide Corp and Delphi Lighting) plant based in Monroe, Louisiana is set to become the new automotive assembly plant for V-Vehicles (VVC).

The new company that is being backed by T. Boone Pickens a Texas billionaire, Ray Lane, John Doerr of Kliener Perkins Caulfield & Byers and James Davison. The operation is bringing industry veterans Tom Matano and Horst Metz to the team.

VVC as the new venture is being called "Will produce a high quality, environmentally friendly and fuel efficient car for the U.S. market", according to a company statement.

A $67 million dollar incentive package lured the company to Louisiana, which plans to make improvements to the 189 acre 425, 000 square foot facility, by expanding the facility to 750,000 square feet among other improvements.

The plant plans to employ 1400 people and a Louisiana State University report states that another 1800 indirect jobs will be created for the state.

Enjoy Today!
Kevin Kimbrough
That Car Guy

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Tuesday, June 9, 2009

The Former Head Of AT&T is Poised To Become The Next Chairman Of General Motors


BREAKING NEWS! BREAKING NEWS!
Edward Whitaker Jr., who is the former Chairman and CEO of AT&T has been tapped to become the next Chairman of General Motors when GM exit's from bankruptcy.
The announcement made today by current Chairman, Kent Kresa, informed the media that he will serve in his current capacity until the new GM exits from bankruptcy, expected later on this summer.
It has been reported that 6 other current board members will retire after the formal approval for the sale of the "Old" GM is transferred to the "New" GM by the U.S. Bankruptcy Court. The new board will consist of 13 members and will be represented by the Canadian Government and the UAW Voluntary Employees' Beneficiary Association.
Edward Whitaker Jr., who was Chairman of AT&T till 2007 holds a industrial engineering degree from Texas technological University and sits on the bards of ExxonMobile Corp. and Burlington northern Sante Fe Corp.
Enjoy Today!
Kevin Kimbrough
That Car Guy

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Real American Igenuity, Next Engines 3D Scanner...

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Monday, June 8, 2009

Hold On Wait A Minute, Supreme Court Issues A Stay, And Delays Chrysler/Fiat Deal...

BREAKING NEWS! BREAKING NEWS!

Ruth Bader Ginsberg, interrupted the U.S. Government, the new Chrysler and Fiat S.p.A. plans to emerge from bankruptcy court with a fresh start.

The stay issued a few minutes before the deadline, has momentarily delayed the merging of the new Chrysler and Fiat and may derail the deal put together by the Obama Administration to bring new life to the ailing Chrysler.

The Indiana State Pension Fund and other parties requested that the U.S. Supreme Court to review the matter This Sunday and requested that the court rule to stop the sale while the group seeks to challenge the sale of the "old' Chrysler" as the pension group believes they are due far more that what they are receiving from the proceeds of the sale as it is currently structured.

Among the various challenges include, the use of federal bailout funds being used illegally, that the sale unlawfully rewards unsecured creditors ahead of secured creditors which amounts to an illegal reorganization plan.

More to come...

Enjoy Today!

Kevin Kimbrough

That Car Guy


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