Patina’d 2010 Chevrolet Camaro headed to Power Tour

Filed under: Aftermarket, Classics, Coupe, Performance, Chevrolet

2010 Chevrolet Camaro SS

Bill Rombauts and his buddy Dave Sherer have taken the patina’d rat rod look to new heights, applying the rust-first philosophy to a 2010 Chevrolet Camaro SS. Before going all Father Time on the paint job, the two spent close to $100,000 giving the car as much go as it has show.

Underneath all that affected rust and thinning paint lives a worked-over Kenne Bell supercharged 485-cubic-inch V8 based on a GM Performance Parts block. Before the addition of the blown 485, the Chevrolet was pumping out in the neighborhood of 650 rear-wheel-horsepower and tripping the lights in around 11 seconds through the quarter mile. Now, Sherer and Rombauts are looking for the 10-second range, and won’t say what kind of power the car makes.

Say what you will about the decision to make a brand-new Camaro look like it’s 30 years old, but you definitely can’t argue with this thing’s gusto. With prodigious power, a $100K mod list and a paint scheme some might call ugly, it’s also guaranteed to make a stir on Power Tour 2011. To make that goal a reality, Rombauts and Sherer are looking for sponsors to get their car to and from the Tour.

Patina’d 2010 Chevrolet Camaro headed to Power Tour originally appeared on Autoblog on Tue, 17 May 2011 18:01:00 EST. Please see our terms for use of feeds.

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Volvo earns $103M in Q1, $370 million for CY 2010

Filed under: China, Crossover, Volvo

volvo xc60 logo

Volvo has posted a solid first quarter, with earnings jumping to $103 million. That’s nearly double the Q1, 2010 totals, in part due to continued strong demand for its XC60 crossover. The Geely-owned automaker expects the revenue to continue to flow throughout 2011, as the automaker is hoping to increase sales by 70,000 units on the year to 450,000 units.

Volvo has also announced total earnings for calendar year 2010. The automaker says it earned $370 million on the year, again in part because of strong XC60 sales and the successful launch of the S60. High commodity prices weighed down earnings a bit, but the automaker says strong net pricing largely offset the rising price of energy and steel.

Hit the jump to read over Volvo’s 2010 earnings press release.

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Volvo earns $103M in Q1, $370 million for CY 2010 originally appeared on Autoblog on Thu, 12 May 2011 18:01:00 EST. Please see our terms for use of feeds.

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Report: GM CEO Dan Akerson earned $2.5 million in 2010

Filed under: GM, Earnings/Financials

Dan AkersonDespite only holding the reins of General Motors for the last four months of 2010, company CEO Dan Akerson received $2.5 million in compensation last year. Akerson took over the post from Ed Whitacre on Sept. 1, after Whitacre stepped down. According to The Detroit News, Akerson was paid $566,667 in salary from GM and a further $1.76 million in stock awards. Not bad for four months’ work.

Akerson’s earnings are subject to review by the federal government, since they still own a 32 percent share of the company. For 2011, Akerson won’t get a raise, which means he’ll earn $9 million this year, the same amount Ed Whitacre would have been paid had he made it an entire year.

Akerson was at the helm for GM’s IPO in November, and helped the company close out 2010 posting its biggest profit in ten years.

[Source: The Detroit News]

Report: GM CEO Dan Akerson earned $2.5 million in 2010 originally appeared on Autoblog on Sat, 23 Apr 2011 17:01:00 EST. Please see our terms for use of feeds.

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U.S. D.O.T. says 2010 traffic fatalities lowest they’ve ever been

Filed under: Government/Legal, Safety

Ray LaHoodUnited States Transportation Secretary Ray LaHood said that traffic deaths in 2010 were the lowest they’ve ever been, falling three percent from 2009’s record low. According to National Highway Traffic Safety Administration projections, traffic fatalities fell from 33,808 in 2009 to 32,708 in 2010.

The Department of Transportation and NHTSA see the news as evidence that their public awareness campaigns, and stricter enforcement of traffic laws nationwide are working. According to NHTSA, traffic fatalities have steadily dropped in the last five years, falling 25 percent since 2005.

Specifically, the DOT and NHTSA cited programs like Over the Limit, Under Arrest, Click-it or Ticket and LaHood’s anti-distracted driving campaign as contributing factors to the drop in fatalities.

The biggest regional drop was in the Pacific Northwest, where fatalities plummeted 12 percent from last year. Arizona, California and Hawaii tied for second, each dropping 11 percent over 2009.

While we applaud most of the campaigns championed by NHTSA and the DOT, we can’t help but think that there are probably some larger factors at work here – namely, that Americans are motoring around in vehicles that are safer than ever before thanks to the proliferation of improved safety systems like stability control. Check out the official press release and associated horn-tooting after the jump.

[Source: NHTSA | Image: Nicholas Kamm/AFP/Getty]

Continue reading U.S. D.O.T. says 2010 traffic fatalities lowest they’ve ever been

U.S. D.O.T. says 2010 traffic fatalities lowest they’ve ever been originally appeared on Autoblog on Fri, 01 Apr 2011 16:01:00 EST. Please see our terms for use of feeds.

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2010-2011 Jeep Wrangler recalled over possible drivetrain problem

Filed under: Government/Legal, Safety, Jeep

2011 Jeep Wrangler

2011 Jeep Wrangler – Click above for high-res image gallery

Chrysler recently dodged the recall bullet when the National Highway Traffic Safety Administration decided that the automaker didn’t have to recall 2007 and 2008 model year Jeep Wranglers for reported fuel leaks. Good news for Chrysler, but while that fuel issue wasn’t deemed worthy of a recall, a new drivetrain problem is.

The automaker is recalling 20,459 2010 and 2011 Jeep Wranglers for improperly torqued front and rear axle fasteners. NHTSA says the maladjusted fasteners could result in “noise, or ultimately, degradation in steering and handling characteristics.” If this situation isn’t dealt with, the vehicle could lose steering control, which could result in an accident. The crop of affected Wranglers were built between July 12 and September 10, 2010.

To remedy this situation, a Chrysler dealer will re-torque all 19 fasteners to the maximum torque value – free of charge, of course. Hit the jump read NHTSA’s official statement.

Gallery: 2011 Jeep Wrangler

2011 Jeep Wrangler2011 Jeep Wrangler2011 Jeep Wrangler and Wrangler Unlimited2011 Jeep Wrangler Unlimited2011 Jeep Wrangler interior

[Source: NHTSA]

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2010-2011 Jeep Wrangler recalled over possible drivetrain problem originally appeared on Autoblog on Mon, 07 Mar 2011 13:59:00 EST. Please see our terms for use of feeds.

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2009-2010 Ford F-150 being recalled to fix door handles

Filed under: Truck, Etc., Recalls, Safety, Ford, Canada

2009 Ford F-150

2009 Ford F-150 – Click above for high-res image gallery

Ford has announced that the automaker is recalling 280,946 F-150 models in the United States and an additional 68,000 in Canada for faulty door handles. According to the National Highway Transportation Safety Administration, the interior handles feature a housing embossment that may fracture with normal use. If this happens, the door latches may not fully return to their stowed position, and as a result, the doors may pop open during an accident.

NHTSA says that recall covers certain 2009 and 2010 model year trucks manufactured between January 18, 2008 and November 30, 2009. Ford is expected to begin notifying owners on or before February 14. If owners notice any interior door handle that doesn’t return to its stowed position, they’ll be urged to return the vehicle to a dealer to have the defective piece replaced free of charge. Eventually, all vehicles in the recall will be asked to return to the dealer for an inspection and free replacement of any trouble parts. Clear the jump for a look at the full recall notice.

Gallery: 2009 Ford F-150

[Sources: NHTSA, The Detroit News]

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2009-2010 Ford F-150 being recalled to fix door handles originally appeared on Autoblog on Thu, 03 Feb 2011 16:31:00 EST. Please see our terms for use of feeds.

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Ford earned $190M in Q4, $6.6B in 2010

Filed under: Ford, Earnings/Financials

Ford logo on building

Ford announced this morning that the company earned net income of $190 million in the fourth quarter of last year, which is actually down sharply from the $886 million earned in the same quarter a year ago. The reason for the dip, however, is a good one, as Ford took on $960 million in debt reduction charges during the quarter, which ultimately reduced the company’s debt by $1.9 billion.

It’s a different story for last year as a whole, as Ford is reporting a $6.6 billion, that’s with a ‘b’, profit for all of 2010 – Ford’s best fiscal performance in over a decade. This means the Blue Oval has $20.5 billion in gross cash on hand, while it’s debt has been reduced to $19.1 billion. Over the course of last year, Ford reduced its debt by a total of $14.5 billion or 43 percent, all of which was taken on before the financial crisis and used to weather the storm of uncertainty.

Ford’s full-time work force will also be happy to hear that the company’s financial performance last year means healthy profit sharing in the form of approximately $5,000 for each employee. Ford also announced that it’s raising its first-quarter production plan in North America by 15,000 units to 650,000, which means even more job security for those on the assembly room floor.

[Source: Ford, Automotive News – sub. req.]

Continue reading Ford earned $190M in Q4, $6.6B in 2010

Ford earned $190M in Q4, $6.6B in 2010 originally appeared on Autoblog on Fri, 28 Jan 2011 10:27:00 EST. Please see our terms for use of feeds.

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Final Numbers: 2011 Detroit Auto Show was bigger than 2010 in every way

Filed under: Detroit Auto Show

Detroit Auto Show

The 2011 North American International Auto Show wasn’t exactly chock-full of game-changing new product, but that didn’t keep the media and public from making it a much bigger success than the 2010 show. Crain’s Detroit Business reports that the 2011 Detroit Auto Show held 5,000 members of the international media during press days and 21,000 guests (5,000 more than in 2010) during the two-day industry preview. The annual charity preview saw another 10,500 guests, raising $2.6 million for charity.

That’s good news, but the top headlines for the struggling Detroit area are reserved for the $325 to $350 million in total estimated economic impact – about $25 million more than in 2010. A grand total of 735,370 members of the general public purchased tickets to NAIAS; up 20,000 from the 2010 show. Now that’s certainly a step in the right direction.

[Source: Crain’s Detroit Business | Image: Stan Honda/AFP/Getty Images]

Final Numbers: 2011 Detroit Auto Show was bigger than 2010 in every way originally appeared on Autoblog on Wed, 26 Jan 2011 17:31:00 EST. Please see our terms for use of feeds.

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Barrett-Jackson 2011: First and last 2010 Pontiac Solstice on the block *UPDATE: W/Video

Filed under: Convertible, Coupe, Auctions, GM, Pontiac

First and last 2010 Pontiac Solstice

First and last 2010 Pontiac Solstice at Barrett-Jackson 2011 – Click above for high-res image gallery

A great cry of weeping and teeth-gnashing could be heard around the globe after General Motors decided to put an end to the Pontiac brand a few years back. Of course, that also means the last several machines to roll down the line could potentially become collectors items.

Does that include the 2010 Pontiac Solstice Coupe or Convertible? That’s tough to say, but something of a precedent could indeed be set tonight at Barrett-Jackson as the very first and very last 2010 Solstices are going up on the auction block, sold as a pair.

First up is #1 of 12 Solstice GXP Coupes built in 2010, in Kinetic blue with an interior in black leather with matching blue accents. It’s also the only Heritage Coupe built with a manual transmission. Up next is the very last 2010 Solstice built (of 20 total), a Kinetic Blue Convertible.

Check out both the Coupe and Convertible models’ official auction pages on Barrett-Jackson, and watch Speed’s live online coverage here.

*Update: Check out a video of the auction after the break.

Gallery: The first and last Pontiac Solstice cars produced at Barrett-Jackson 2011

Photos copyright (C)2011 Jeff Glucker/AOL

Continue reading Barrett-Jackson 2011: First and last 2010 Pontiac Solstice on the block *UPDATE: W/Video

Barrett-Jackson 2011: First and last 2010 Pontiac Solstice on the block *UPDATE: W/Video originally appeared on Autoblog on Fri, 21 Jan 2011 22:55:00 EST. Please see our terms for use of feeds.

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2010-2011 Saab 9-3 faces recall over possible fuel pump defect

Filed under: Sedan, Europe, Recalls, Safety, Saab, Luxury

2010 Saab 9-3

2010 Saab 9-3 – Click above for high-res image gallery

Saab has announced that it is recalling around 4,400 9-3 models for defective fuel pumps. The National Highway Transportation Safety Administration says that the vehicles made have been built with pumps that did not meet the correct specifications, and as a result, the pumps may seize, causing the engine to stall. NHTSA believes that the defect could potentially increase the risk of an accident. As far as we know, no incidents have been reported as a result of the issue.

Saab will replace the fuel pumps free of charge, and the campaign is expected to get under way on or around February 18. Owners may contact Saab directly at 1.800.955.9007 or visit the NHTSA site for more information on the recall. Hit the jump for a look at both notices.

Gallery: 2010 Saab 9-3

2010 Saab 9-32010 Saab 9-32010 Saab 9-32010 Saab 9-32010 Saab 9-3

[Source: NHTSA]

Continue reading 2010-2011 Saab 9-3 faces recall over possible fuel pump defect

2010-2011 Saab 9-3 faces recall over possible fuel pump defect originally appeared on Autoblog on Fri, 21 Jan 2011 16:00:00 EST. Please see our terms for use of feeds.

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