The crisis affecting ‘floorplan’ credit to new car dealers is wider and deeper than many industry commentators realise. The withdrawal of credit services by GE and GMAC puts at risk potentially 30 percent or more of new car dealers in Australia. This problem has the potential to compound further as the future of other financiers [...]

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There are shockwaves belting through the Australian new car dealer sector today with the announcement that GMAC Finance and, announced just minutes ago, GE Money, two major suppliers of wholesale finance to the new car sector, are pulling the pin.

For some new car dealers, this news will hit them like a baseball bat.

Many car buyers [...]

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With the United States knee-deep in financial strife and its domestic auto industry still reeling from the impact of falling sales, a decreasing market share and the burden of rising healthcare costs for an aging worker population, it was inevitable that mumblings of a merger between some of America’s biggest automakers would crop up.

Now, according [...]

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Worrying times friends. Got the butcher’s paper and the red markers out… bit of a high-level think-tank on the go here at TMR Central. Seems we’re all short a global rescue plan at the moment.

The Steanster - he was thinking of pulling a focus group together until someone slapped his face and told him to [...]

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It’s the moment we’ve all been waiting for… and the moment “grey” importers have been dreading. That’s right, from October 9 onwards, Aussie motorists will finally be able to pre-order themselves their very own officially imported R35 Nissan GT-R.

Just over a year after the order books opened in its native Japan, Nissan’s budget supercar is [...]

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Pictures of FPV’s new FG are a little thin on the ground at the moment, so we have to give credit where credit is due here. The guys over at Australian Ford Forums have their fingers on the pulse and had a ‘mole in the hole’ at today’s preview. Thanks to ‘russellw’ we can give [...]

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While 2007 was a slow year for Maybach, it was a bumper year for Rolls-Royce Motor Cars, with sales up by 25 percent when compared to 2006. Rolls-Royce managed to shift 1010 cars in 2006, which marks the first time annual sales have breached the four figure mark and is the fourth successive sales increase [...]

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It doesn’t matter how long you’ve been in business or how famous your name is, there is sometimes no way to avoid disaster and that was certainly the case with Bertone in 2007. In business for almost half a century and arguably one of the best known Italian automotive designers in the history of the [...]

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This news will come as a shock to any car enthusiast who has seen Gone in 60 Seconds and fallen in lust with Eleanor (the Shelby GT500 Mustang) or fans of Chip Foose or even casual viewers of the Discovery Channel. Automotive News has reported that Unique Performance, the famous Texas based muscle car manufacturer [...]

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GM has announced a $US39 billion dollar third quarter loss the majority of which was made up of $US37.38 billion in special non-cash charges added to its balance sheet. The non-cash charges represent a change in accounting for tax credits that GM are not allowed to account for until it earns the taxable income to [...]

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Following hard on the heels of the new C-Class sedans introduction, Mercedes-Benz have just announced that the unveiling of the new C-Class Estate (wagon) will take place at the Frankfurt Motor Show next month.

For the first time in memory (ever…) the C-Class is designed to appeal to more than just retired genteel folk with [...]

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It’s all happening at Chrysler this week. A new logo and a new leader who is rumoured to be working for $1 per year, mark the start of what is hoped to be the big turn-around.

Chrysler unveiled their new pentastar logo which the more mature readers will notice is really the old Chrysler logo making [...]

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