Texas Mile – March 2011: Updates & Photos

Posted in cars with tags , , , , , , , , , , , , , , , , , , , on March 25, 2011 by AutoSpotters

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Updated as it happens…live from The Mile.

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The 1800rwhp twin turbo LMR 4th gen Camaro spun the tires off the wheels at the 3/4 mile mark – the driver managed to save the car, keep it on the track and deploy the parachute… It skidded across the 1 mile mark at 215mph.

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Hinson Supercars Turbo c6 off the track. Car destroyed. Driver OK. It ran 224mph Friday.

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Texas 2K11 – Pictures [updated]

Posted in cars with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on March 19, 2011 by AutoSpotters

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Japan quake’s effect on automakers unlikely to be felt soon in U.S.

Posted in cars with tags , , , , , , , , , on March 11, 2011 by AutoSpotters

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The massive earthquake in Japan will disrupt auto production in the beleaguered nation, but exactly how long it will last is uncertain.

A key factor still to be determined is whether the Japanese ports from which the auto companies ship vehicles and parts will be able to resume operations soon.

Much of what the top three brands — Toyota, Honda and Nissan — sell in the United States is already made in North America. The question will be whether there are high-profit cars — such as Toyota’s Lexus line or Honda’s Acura brand, which are still made in Japan — that can’t be shipped here.

A large batch of vehicles is already in transit, so inventories should not be a problem in the short term, said Michael Robinet, an analyst with IHS Automotive.
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Japan: New Cars Ready To be Shipped – Now Washed Away.

Posted in cars with tags , , , , , on March 11, 2011 by AutoSpotters

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Hitachinaka City, Japan

via: dailymail.co.uk

GM CFO Chris Liddell To Step Down April 1.

Posted in cars with tags , , , , , , , , , on March 10, 2011 by AutoSpotters

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SAN FRANCISCO (MarketWatch) — The Microsoft guy who brought his much-needed financial chops to General Motors Co. when the Detroit auto maker needed them the most is on his way out after just a year on the job.

GM /quotes/comstock/13*!gm/quotes/nls/gm (GM 31.50, +0.08, +0.26%) , in yet another surprise shake-up, announced before the market opened on Thursday that CFO Chris Liddell will step down on April 1.

Taking his place is a 38-year-old Morgan Stanley alum. And investors don’t seem to like it one bit. The shares lost as much as 4% to $30.95 initially, carrying GM further from its $33 public offering price in November. The stock curbed its declines later in the day to close down 2.6% at $31.42

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Lamborghini LP-700 Aventador

Posted in cars with tags , , , , , , on March 1, 2011 by AutoSpotters

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Lamborghini LP-700 Aventador

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US auto sales jump 27 percent in February

Posted in cars with tags , , , on March 1, 2011 by AutoSpotters

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US auto sales jump 27 percent in February

DETROIT (AP) – As more U.S. buyers head back into auto dealerships, automakers are jostling for their attention with sweetened deals.

The major automakers knocked a little extra off sticker prices in February, giving additional momentum to a recovery in sales that started last year. The good news for buyers is that discounts are likely to continue into the spring, as older models like the Toyota Corolla and Chevrolet Malibu duke it out with newer models like the Ford Focus and Hyundai Elantra.

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