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Daily Auto News Credit Woes Hurting Auto Industry More than Gas Prices

Daily Auto News

What’s killing the U.S. automotive industry? Gas prices, you say? Surely, they’ve played a role. But increasingly, analysts blame the credit crunch for poor auto sales.

Autoblog comments, “The tight credit market is making it much harder for dealers to sell you transportation, and the problem isn’t relegated to just those with poor credit. Banks want higher cash-to-debt ratios, larger down payments, and then they’re still charging higher interest rates on top of all that. GM’s Mark LaNeve estimates his company is losing between 10,000 and 12,000 sales per month due to the credit crunch, which is close to a full point of market share.” Chrysler has seen its sales drop 34% this year, “and leasing went from 23.5% of the business to just 2%” during that time.

The Mustang News adds, “There is a rising demand for new cars and trucks out there, but dealers are now running into a problem where they can’t arrange financing for their buyers.” With many consumers struggling to make payments on home loans, cars and credit cards in a weak economy, “the past year has caused many people who had maintained good credit to now see much lower FICO credit scores.” Banks, wary in the wake of the mortgage crises, “have severely raised their qualification standards.”

Mike Jackson, chief executive of AutoNation, Inc (the largest operator of auto dealerships in America) tells Reuters “The No 1 issue for us as an industry is credit availability. The consumer is spooked. They are struggling with the value of their house, they are struggling with credit availability.” He added, “You tell me when the credit crisis passes and I’ll tell you when auto retail’s volume is going to recover.”

With credit tight, you may still be able to find a deal on a new car. Research the best car deals available this month with U.S. News’ car rankings and reviews.

“What do you think this car runs on… God’s own methane?”

The person John McCain designated as America’s most knowledgeable energy expert believes that  dinosaurs (whose fossils help comprise our fossil fuels) coexisted with humans. She once saw a picture of a fossil with a human footprint on it, or something.

Maitri discusses the folly of this, and talks right down to earth in a language that everyone here can easily understand:

There is no oil for conservatives if they don’t agree that the earth may be billions of years old and don’t cease and desist with this intelligent-design-in-science-classrooms crap.  After all, the gasoline that fuels the average vehicle comes from reservoirs that are anywhere between tens of thousands and tens of millions of years old.  Fossils, creatures that evolved, are utilized as horizon markers that tell us where to drill.  Without a geologic time scale that spans eons and eras, there is no geology and paleontology.  Without geology and paleontology, there is no reaching oil.  Without oil, there is nothing to put in the car.

Please note: “geology and paleontology” are not to be confused with “gerontology and palintology“. Totally different.


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Youth Advocates Deliver 10000 Letters Calling For Car-Free …


Youth advocate Oswald Bowman kicks things off at yesterday’s rally for a car-free Prospect Park.

The Prospect Park Youth Advocates led a joyous procession over the Brooklyn Bridge yesterday afternoon on their way to deliver more than 10,000 signatures to Mayor Bloomberg in support of a car-free park. The youth advocates and students from Freedom Academy and the Brooklyn Academy for Science and the Environment were joined on the steps of City Hall by council members Tish James and David Yassky, calling for a Prospect Park that is “safe, healthy, green, and absolutely car-free.”

After leading a call-and-response of “No more cars — Where? — In Prospect Park” at the head of the procession (backed by the strains of the Brooklyn Steppers Marching Band), youth advocate Oswald Bowman gave the opening remarks. “I don’t have a backyard, but I do have Prospect Park; Prospect Park is my backyard,” he said. “I don’t know about you guys, but I don’t like no one driving through my backyard.”

Bowman and fellow youth advocates Michael Cheng and Farah Karimova spoke about gathering signatures and documenting the hazards of cars in the park this summer. Transportation Alternatives’ Paul Steely White gave three reasons why Bloomberg should heed their message and instruct DOT to institute a three-month car-free trial:

  • Park users face a potentially deadly risk from cars, which travel on the loop drive at speeds as high as 47 mph and sneak into the park during car-free hours when people have been lulled into a sense of security.
  • The presence of cars in the park suppresses physical activity, taking up space during the hours before and after work and school when people have free time.
  • Closing the park to cars will not result in unacceptable traffic impacts.

This last point was echoed by Yassky, who noted that previous expansions of car-free hours have not yielded the excessive traffic on nearby streets that opponents predicted. “The best evidence of why we should have a car-free Prospect Park is that we’re already halfway there and it has been tremendous,” he said. “We have seen it work part of the way, now let’s do it all the way.”

And now for some more photos. (You’ll have to wait for Robin Urban Smith’s Streetfilm for some audio and video of the Steppers. In the meantime, you can see their 2005 incarnation in Dave Chappelle’s Block Party.)

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With the youth advocates at the head, the procession approaches the midpoint of the Brooklyn Bridge.

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Oswald Bowman leads the chant.

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The horn section of the Brooklyn Steppers Marching Band.

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The Steppers perform on the sidewalk near the foot of the bridge. Security didn’t let them inside the gates to City Hall.

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City Council member Tish James applauds the youth advocates.

Photos: Ben Fried

How Hybrid Cars Work: The New Technology

Hybrid cars are gaining more and more popularity in recent months, with much positive publicity regarding their fuel efficiency and environmental friendliness. At a time when many folks are suffering from acute sticker shock every time they have to fill their gas tanks, a solution to this dilemma will be a welcome one indeed. Hybrid cars may indeed be the solution that everyone is searching for. But what are these new-fangled vehicles, and how do hybrid cars work? When you hear the answers to these questions, you may agree that this new creation may be the wave of the future.

How Hybrid Cars Work Inside

The traditional automobile of today is powered by a gasoline engine. This means that the car requires regular gasoline in order for the motor to operate and the car to run. With gasoline becoming a rather expensive commodity today, other fuel sources are being sought to get us where we want to go. Electric power has long been thought to be the next trend in automobiles. However, an electric engine requires a battery source to run, and these batteries need to be recharged frequently to keep them operational. Not a convenient choice for the average car owner who needs regular transportation without a long and complex maintenance process.

Maximum Fuel Efficiency with Minimum Pollution

Now there is a third solution. To learn how hybrid cars work, you must combine the power sources of a gasoline engine with the battery of an electric motor. The result is a hybrid car that uses less fuel and a rechargeable electric battery in tandem to produce a fuel efficient, environmentally friendly automobile. Here is how hybrid cars work. The electric motor is used to assist in the acceleration process of the car, saving on the fuel needed to make the car run. It can also automatically turn the engine off when the car stops, and turn it back on when the car starts up again. This process also saves on the amount of fuel required.

There are other ways in which the hybrid cars gain gas efficiency. First, the gasoline engine is designed for maximum fuel efficiency. The electric motor also slows the car and recharges the battery while the car is slowing down. These vehicles are also designed to be aerodynamic and lightweight, which also contributes to the fuel efficiency. Hybrid cars can get up to 20 or 30 miles a gallon more than the tradition gas engine car can. If you want to learn more about how hybrid cars work, talk to your Honda, Toyota, Lexus or Saturn dealer today about their choices in hybrid vehicles.

City Worker Shot Trying To Boot Vintage Car

The Chicago Tribune and Chicago Sun-Times are both reporting that a Dept. of Revenue employee, attempting to boot a vintage car in the South Chicago neighborhood was attacked then shot Monday morning.

The DOR employee is in serious condition at Northwestern Memorial Hospital.

The attacker is still at large.

Ya’ know. I understand that getting parking tickets is upsetting. And getting the boot is REALLY upsetting. Perhaps it makes you angry or even enrages you.

You actually may loathe the people doing the ticketing or booting. Fair enough. You are entitled to your opinion. Whatever.

But attacking and shooting someone booting your car is NOT acceptable and must be condemned in the strongest possible terms.

Let’s have a prayer for the gentleman that was shot and hope the cops catch the nutbag shooter.

Unbelievable.

City worker shot while putting Denver boot on car

Police seeking vehicle’s registered owner

By David Heinzmann

A City of Chicago worker putting a Denver boot on a vintage Buick coupe was shot in the back Monday morning after a confrontation with the car’s owner, police said.

The Department of Revenue worker was in serious condition in Northwestern Memorial Hospital after the 10:35 a.m. attack in the South Chicago neighborhood, police spokeswoman Monique Bond said.

Police said they are looking for the car’s registered owner after the victim identified him as his attacker, Bond said.

The 35-year-old revenue worker was booting the car when a man who claimed to be the owner attacked him with a stick, Bond said.

After they “exchanged words,” the attacker ran down an alley, but then he re-emerged with a gun and shot at the worker, wounding him in the small of the back, Bond said.

The gunman then fled, and police were still looking for him Monday afternoon, she said.

At the scene, police recovered three .22-caliber shell casings believed to be from the gun used in the crime, she said.

Escalating violent crime in the South Chicago neighborhood has been a major concern for police and the community this year. A spike in gun violence has given the district the highest murder rate among the city’s 25 patrol districts so far this year.

Keith Griffith, who for nine years has lived on the block where the shooting took place, said bicycle police officers as well as Revenue Department workers are out at least twice a month looking for missing front plates, expired stickers and other violations.

Here is the Sun-Times report.

City employee shot while booting vehicle

SOUTHEAST SIDE | Witness says worker threatened with 2-by-4 before shots fired

By MIKE THOMAS

Lamont Brown, who “junks” and works on old cars, saw the gold, old-model Buick LeSabre Custom parked near the corner of East 84th Street and South Dante for “like a year or two, and nobody ever moved it or touched it.”

Someone touched it Monday — a city Revenue Department worker trying to apply a Denver boot.

And now the car’s owner is suspected of shooting the city employee.

Officials weren’t releasing names of the suspect or victim late Monday.

“We obviously know who we’re looking for,” said police spokeswoman Monique Bond.

According to police, the revenue worker was shot in the lower back around 10:40 a.m. Monday and taken to Northwestern Memorial Hospital. He was in serious condition, Bond said.

Roofer Herman Maciel said he and his crew saw the incident unfold as they repaired a roof across the street.

Maciel said the car’s owner first threatened the city worker with a 2-by-4. When the worker ignored his threats, Maciel recalled, the owner “ran into the house and got a gun and started shooting.”

Maciel said he heard the gun fire five times and saw two men running from the scene.

“One of them was running that way,” Maciel said, pointing east down 84th, “and the guy with the gun was running behind him.”

The violence comes at a time when the city is considering lowering the threshold for booting from three tickets to two.

As he watched a flatbed tow truck haul the vehicle away Monday, Brown told of his interest in buying it. As recently as two weeks ago, Brown said, he left notes on the car inquiring about purchasing it.

The four-year-old has a car chase

When I was about four I had a pedal car that I loved to drive. It gave a wonderful illusion of miniaturized adulthood, as driving a car was clearly a job for grown-ups. I was able to maintain this fantasy in the teeth of the fact that I could walk much faster than I could pedal the car; functionally, it was almost the opposite of a bicycle.

One day I was pedalling around aimlessly, when I saw my parents wheeling my sister up the road in the pushchair. They were all going up the road.

They were all going up the road.

I wasn’t going up the road. I was trying with limited success to make my car turn a corner, and because I couldn’t believe what I was seeing, I jumped out and ran into the house, to find the hoover running unattended in one room and very little else.

Our home had been deserted. I had been deserted. My parents had left, leaving things running, taking my sister, not taking me. I ran out of the house to see them approaching the woods at the top of our road, the woods I was forbidden to enter alone for fear of Strangers.

I leapt into my toy car and began pedalling furiously after them, calling for them as I did so. This pursuit did not go well, as I realized very quickly. It did not go well because my car was rubbish. It was a dead weight of steel tubes I had chosen to carry with me while chasing the only people who gave my life meaning. I was not an adult in an adult’s car. I was a terrified child, running for his life, carrying some useless metal. I got out of the car and dragged it along behind me—which was, as I guessed it might be, marginally quicker.

As I ran into the woods—in some trepidation—it was clear I still wasn’t gaining any ground. I could see them, and I knew that if they heard me and stopped I could reach them, but they were going at least as fast as I and showed no signs of slowing.

My lungs ached. My throat had been shouted dry. My heart was pounding from exertion and fear, but it leapt to a shuddering burr when I felt strong fingers grip my shoulders, and I screamed again as my father folded me into his arms.

As he held me, we watched the next-door neighbours take my sister for a pleasant walk to the shops, looking remarkably like my parents at a distance, but nothing like my dad close to.


I am thirty now. Someone saw fit to trust me with a driver’s licence and a car that weighs twenty-five times as much as I do and can run perhaps six times as fast at full sprint. I think I am now the grown-up I once pretended to be but in reality, despite the machinery and weight, I am still a terrified child running to catch up with my family as they surpass me in every way. But perhaps the people I am chasing, and the people I am fleeing, are not who I think they are, and perhaps I am completely mistaken about the nature of the pursuit. Whose footsteps are those on my tail?

I don’t know.

You won’t catch me stopping running, though.

Wedding Car Quotes

If you are searching for the perfect wedding car, your quest is over. iChauffeur have just introduced a simple, easy to use wedding car quotation system.

The quote form will find the best available wedding cars for your wedding day, which you can then email to your inbox. Polling all the wedding cars, from Rolls-Royce, Bentley and Mercedes-Benz. The wedding quote system will ensure that you can choose the ideal wedding car for your wedding day. Featuring classic and vintage wedding cars like vintage Rolls-Royces or classic Bentleys alongside the contemporary wedding cars like the breathtaking new Phantom from Rolls-Royce and the stunning Bentley Continental Flying Spur wedding cars.

Now your hunt for the perfect wedding car is over, you can now get on with finding the wedding dress, photographer, oh and the venue!

UN Secretary-General Rides Solar-Powered Car to UN Headquarters

Secretary-Genetral Ban-Ki moon driven to work by Solartaxi, a fully solar powered car. UN Photo/Mark Garten12 September 2008: UN Secretary-General Ban Ki-moon rode a
“Solartaxi,” a fully solar-powered car, from his home in New York to UN
Headquarters, as part of his efforts to raise awareness of climate change and
promote environmentally-friendly technologies.

The vehicle, which is sponsored
by the government of Switzerland, is on a worldwide journey that will conclude
in Poznan, Poland, in December 2008, where the next phase of the climate
negotiations will take place.

In August, Ban launched the “Cool UN” initiative
at UN Headquarters to limit the use of air conditioning and heating, thereby
reducing greenhouse gas emissions and saving money. The initiative has been
extended until mid-September. [UN
Press Release
]

Auto Assembly 2009 Questionnaire Deadline

We’ve had a fantastic response to the paper and online surveys we’ve been running for Auto Assembly 2009 to help us make next year’s Auto Assembly convention the biggest and best Transformers convention EVER that Europe has ever seen, but if you haven’t already completed the survey, you’ve still got time! The closing date for the survey is the end of September 2008 and everyone who completes the survey and gives us their details will be entered into a FREE draw to win a family ticket to Auto Assembly 2009!!

Even if you didn’t attend Auto Assembly 2008 - or even if you’ve never attended an Auto Assembly event before - we still want to hear your views, and we’d love to hear from those of you who live outside of the UK who are considering attending in the 25th anniversary year next year. Don’t forget that EVERY vote counts in this survey!

We will be taking all of your responses into consideration in planning for next year, as well as all of the additional comments you may make and we’ve already had some wonderful ideas come forward and some VERY useful comments that we will be taking on board for next time so those of you who have already responded have started to shape Auto Assembly 2009!

You can find the survey here:-

Auto Assembly 2009 Questionnaire - Online Edition

Once the survey closes, we’ll publish the results and produce a follow-up survey to go into more detail about the convention itself based on the decisions we reach and find out EXACTLY what you want from the convention!

Thanks in advance and we hope to see many of you there next year!

Simon and Sven
Auto Assembly

web: Auto Assembly
forum: Auto Assembly - Home
email: autoassembly@aol.com
tel: +44 (0)7860 948296

Audi Presented GT3 Sports Car with 500hp engine

Aren’t supercars already considered track-ready? Apparently not. The Audi R8 needed one. Well, at least according to Audi Sport. Never mind if the R8 gained so much acclaim last year. And because they thought the R8 needed one, say hello to the Audi R8 GT3.

The big cheese - the GT3 will get more power to the tune of 500 horses. How about that for packing more punch. That’s 80 more than the standard R8. All that power is forced into the rear wheels courtesy of a new 6-speed sequential sports gearbox.

The GT3 will also include some race-y body works most obvious with the large rear-wing and a slightly modified front. The car is now under production and will be seeing action for the 2009 GT3 season. Buyers will be able to take one home by fall of next year.

Audi presented new sport version of the R8, called GT3. It have Audi’s Quattro system in favor of a GT regulation rear-wheel drive transmission. The R8’s 500 horsepower is delivered via a newly urban six-zoom, sequential, sports gearbox. An adapted front end and a mega large GT-panache rear-wing keep the pursuit mode glued to the pursue.

Audi claims that the suspension almost exclusively uses components from the production line. As amazing as the sounds, think that the benchmark R8 is in detail a supercar, already based on contest technology.

View more!!

“The R8 is the first production Audi bearing the name and genes of a successful racing sportscar and is therefore an excellent base from which to build up our first big customer sport programme,” explains Head of Audi Motorsport Dr Wolfgang Ullrich. “Ever since the R8 was unveiled we’ve been inundated with enquiries about a race version. With the Audi R8 we will offer customers a racing sportscar equipped with high-calibre technology and the typical Audi qualities, but which is nevertheless easy to handle.”