Tag: $20

Official: Kia prices 2011 Soul Hamstar special edition at $20,295*

Filed under: Car Buying, Marketing/Advertising, Hatchback, Kia

2011 kia soul hamstar special edition

2011 Kia Soul Hamstar special edition – Click above for high-res image

You can get with this… for $20,295. Kia has officially announced that you’ll need that much dough (*plus $695 for delivery) if you want to purchase a 2011 Soul Hamstar special edition. An ode to the award-winning hip-hop hamsters seen in Kia commercials, the four-speed auto-equipped Hamstar becomes the sixth special edition Soul that Kia has offered up for sale.

The limited-production box on wheels wears Molten Red pain, which is offset with a pair of black stripes across the front doors and black trim. Black is also the color of choice for the 18-inch wheels, fender vents and fuel-filler cap. A Hamstar logo sits on the hood, and can also be seen throughout the interior.

That interior space can be filled with music thanks to the Audio Upgrade Package. A 315-watt amp pumps sound out through the speakers, but it’s kicked up a notch thanks to the center speaker and subwoofer.

The full press release on the Soul Hamstar is posted after the jump. You can check out the concept version shown off at the 2010 SEMA show, by clicking through the gallery below.

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Kia prices 2011 Soul Hamstar special edition at $20,295* originally appeared on Autoblog on Thu, 26 May 2011 16:31:00 EST. Please see our terms for use of feeds.

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Report: Whitacre suggests GM IPO shares will be $20-$25

Filed under: GM, Earnings/Financials

Ed Whitacre in crush of reporters

General Motors chairman Ed Whitacre is readying the world for GM’s Initial Public Offering. The IPO is slated to happen next month and Whitacre has reportedly said that he expects shares to be priced between $20 and $25. That price will likely be achieved via a stock split, with sources saying GM plans to offer shares in a four-to-one split.

This could be good news for past and present employees, as well as dealers, who are invited to purchase shares at the IPO price. The minimum investment is said to be $1,000 to participate in this program and even that minimum dollar amount could yield solid returns right out of the gate.

[Source: The Detroit News | Image: Stan Honda/AFP/Getty]

Report: Whitacre suggests GM IPO shares will be $20-$25 originally appeared on Autoblog on Thu, 14 Oct 2010 16:01:00 EST. Please see our terms for use of feeds.

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Rumormill: Porsche 918 Spyder lapped the ‘Ring in 7:20?

Filed under: Convertible, Hybrid, Performance, Porsche, Rumormill

Porsche 918 Spyder concept – Click above for high-res image gallery

The Porsche 918 Spyder is an impressive vehicle in almost every conceivable way. The stunning, production-approved drop-top should be motivated by something close to the concept’s 500-horsepower V8; almost weak by supercar standards but the still-powerful mill is only part of the powertrain story. The 918 concept also featured a pair of 109-hp electric motors powered by a lithium-ion battery capable of EV-only propulsion that theoretically enables the 918 to drive 16 miles on electricity alone. Then there is perhaps the most awesome statistic: the 918’s rumored €500,000 ($650,000 in U.S. dollars) price tag.

What could make the 918 still more impressive? How about a 7:20 lap around the famed Nürburgring? That’s the word coming out of the Teamspeed forums, where an image quoting the ‘Ring time (see it here) was allegedly used in a presentation by Ferdinand Piëch. If true, the 918 would best ‘Ring kings like the Corvette ZR1 and Nissan GT-R. A lap time of 7:20 would even best the time of the last exotic Porsche, the Cerrara GT, by eight seconds.

Such a quick lap isn’t out of the realm of possibility, especially since we’re talking about a $650,000 Porsche, but we’re not inclined to believe it until we see some in-car video. For one, we don’t even know if the 918 Spyder has actually been to the ‘Ring yet, let alone laid down such quick times. If it had, we would expect our spy photographers to have caught it on film, which they haven’t… yet. Second, the forums are also claiming that Piëch once said his hybrid supercar did a simulated lap of the Nürburgring in 7:30, which further adds to the confusion. Finally, the 7:20 lap time could also just be a target for the production 918 Spyder, something not yet achieved but that Porsche hopes the car will do on the other side of its development.

Whatever the case may be, even the mention of being that quick around Germany’s Green Hell implies that Porsche is developing the production 918 Spyder to compete like no Porsche has before.

Gallery: Porsche 918 Spyder concept

[Source: Teamspeed forums via World Car Fans]

Rumormill: Porsche 918 Spyder lapped the ‘Ring in 7:20? originally appeared on Autoblog on Thu, 12 Aug 2010 13:31:00 EST. Please see our terms for use of feeds.

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Report: Chevrolet dealer ready to charge $20,000 over MSRP for Volt… will more follow?

Filed under: Car Buying, Hybrid, Sedan, Chevrolet, GM

2011 Chevrolet Volt – Click above for high-res image gallery

Researchers from Edmunds decided to drop their local Chevrolet dealer a line to inquire about staking a claim for one of the first available Volts, and the response was shocking at best and galling at worst. Here’s the email, sans names:

Hello *****

Thank you for your online request, as you know the Volt is going to be a very limited production vehicle for the first 2-3 years. Demand is going to far exceed supply for this vehicle, initially our asking price for the Volt is going to be MSRP plus $20,000, we are expecting only receive 9 Volts all of next year.

I will keep you in my customer base for when the Volt comes out and I will contact you with any information as I receive it. We are taking orders right now for the Volt, if you would like more information, please let me know and I will be more than happy to help you. Thank you.

***** *****, Internet Specialist
******* Chevrolet
********, CA

You read that right. A $20k markup over MSRP for a 2011 Chevrolet Volt.

As Edmunds’ AutoObserver points out, this email exchange took place before General Motors announced its plans to increase Volt production by 50% for 2011, churning out approximately 45,000 units in its first year. But even with that knowledge, would the unnamed dealer still avoid bilking early adopters? We doubt it.

While it’s not clear if any other Chevy dealers plan to follow suit, history would suggest that big markups are likely – the Corvette ZR1 initiated this sort of fervor when it was announced, too. On the flip side of the coin, AO sites a report from GM-Volt.com this past June, in which a GM spokesperson is quoted as saying: “We also aren’t expecting our dealers to overcharge anyone for this vehicle, either, and will monitor the situation closely when we launch,” adding, “we’ll be paying close attention when the vehicle launches and do our best to strongly discourage this kind of behavior, as we always do with any GM-branded vehicle.”

GM is allowing Volt buyers to lease the plug-in hybrid for $350 a month (with a $2,500 down payment) when sales begin later this year, so it strikes us as odd that someone would choose to purchase a Volt outright if the dealer would tack on such an astronomical amount to the MSRP. Then again, there’s the possibility that dealers might only allow purchases, negating the option to lease.

With so much riding on the Volt’s success – from GM’s long-term environmental program to the political pressures over the federal bailout – the General better get its dealers in line post-haste. If not, the fallout has the potential to stymie the Volt’s success before the first owner takes delivery.

Gallery: 2011 Chevrolet Volt

[Source: AutoObserver]

Report: Chevrolet dealer ready to charge $20,000 over MSRP for Volt… will more follow? originally appeared on Autoblog on Mon, 02 Aug 2010 14:57:00 EST. Please see our terms for use of feeds.

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