Tag: offer

Report: GM to offer stock to employees, retirees and dealers

Filed under: GM, Earnings/Financials

GM logoGeneral Motors is getting ready for its Initial Public Offering, which is expected to occur later this year. Ahead of that, GM has announced that it will offer nearly 600,000 employees (current and retired) and dealers the opportunity to purchase stock at the opening IPO price.

According to The Detroit News, the minimum required investment will be $1,000, and to qualify for this program, interested parties must respond by the end of this month. Once the IPO has been announced, potential buyers will then have four business days to purchase stock at the opening price. The program is being administered by Morgan Stanley. GM has not specified maximum and minimum share limits for this program.

[Source: The Detroit News]

Report: GM to offer stock to employees, retirees and dealers originally appeared on Autoblog on Tue, 12 Oct 2010 15:58:00 EST. Please see our terms for use of feeds.

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Mitsubishi to offer remote-control test drives of real Outlander Sport over the Internet [w/video]

Filed under: Car Buying, Etc., Marketing/Advertising, Technology, Videos, Crossover, Mitsubishi

2011 Mitsubishi Outlander R/C

Look Ma, no driver! – Click above to watch the video after the jump

Mitsubishi wants people to take notice of its 2011 Outlander Sport. There will be traditional print and television ad campaigns, but the automaker is also exploring new ways of reaching new car buyers. Through its creative agency 180 LA, Mitsubishi plans to put a bunch of car shoppers behind the wheel of the new crossover. Not literally, but virtually.

The automaker is rolling out its Mitsubishi Live Drive campaign that puts drivers behind the wheel of an actual Outlander Sport. They won’t be sitting in the vehicle but instead they’ll be in front of a computer. The CUV will be controlled remotely via users on the Internet. While we don’t want to be anywhere near the car when this is happening, it’s certainly a novel re-imagining of the test drive concept.

The Mitsubishi Live Drive event kicks off November 1, 2010 and runs through November 10. If you’re interested in testing out your computer driving skills, you can sign up starting October 15 at OutlanderSport.com. In the meantime, you can catch a sneak peak at what’s in store by viewing the video and official press release after the jump. Thanks to everyone for the tips!

Gallery: First Drive: 2011 Mitsubishi Outlander Sport

Photos by Damon Lavrinc / Copyright (C)2010 Weblogs, Inc.

[Sources: Mitsubishi, AdWeek, YouTube]

Continue reading Mitsubishi to offer remote-control test drives of real Outlander Sport over the Internet [w/video]

Mitsubishi to offer remote-control test drives of real Outlander Sport over the Internet [w/video] originally appeared on Autoblog on Fri, 08 Oct 2010 19:29:00 EST. Please see our terms for use of feeds.

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Report: Lexus may offer $3,000 rebate to beat Mercedes

Filed under: Car Buying, Lexus, Mercedes-Benz, Earnings/Financials

Lexus badge

Though the first eight months of 2010, Lexus and Mercedes-Benz were in a dead heat in the race to be crowned the top-selling luxury brand in the States. But big-time September sales at Mercedes-Benz pulled the German marque ahead of Lexus by a substantial 3,000 units, really putting the heat on Toyota’s luxury arm. Could Mercedes pull off the upset to unseat Lexus for the first time since 2000? Not if Lexus can help it.

USA Today reports that Lexus announced during dealer meetings this week that it will slap up to $3,000 in incentives on the hood of its vehicles in an effort to entice buyers to shell out for a new L-branded car, crossover or SUV. In some cases, Lexus will reportedly also resort to cut-rate financing rate in an effort to spur sales.

The move is a bit surprising given Lexus’s penchant for asking for and receiving full retail for its products, though 2010 hasn’t been the best year for the Japanese premium marque. Given the fact that Lexus has earned its success on the heels of a terrific reputation for quality, the recall of millions of Toyota and Lexus models for unintended acceleration issues has likely hurt sales and certainly dinged its reputation. Add in the fact that the high-volume ES350 and top-of-the-line LS are a bit long-in-the-tooth, and it adds up to a possibility that Lexus may lose its hard-earned sales crown.

[Source: USA Today]

Report: Lexus may offer $3,000 rebate to beat Mercedes originally appeared on Autoblog on Fri, 08 Oct 2010 14:29:00 EST. Please see our terms for use of feeds.

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Nissan to offer free conventional car loan to Leaf buyers to ease range anxiety?

Filed under: Car Buying, Marketing/Advertising, Hatchback, Nissan, Rumormill, Electric

2011 Nissan Leaf

2011 Nissan Leaf – Click above for high-res image gallery

The December 2010 launch of the 2011 Nissan Leaf gets closer every day and thousands of people have already signed up to reserve their spot for one. Still, some would-be buyers may suffer from a touch of “range anxiety” – that is, a nervous apprehension about running out of juice, only to be stranded somewhere. To quell that fear, TheDetroitBureau.com reports that Nissan is pondering an option for owners who need to undertake a journey longer than the 100-mile range the all-electric Leaf is rated for. A no-cost loan of a conventional, gasoline-powered vehicle could be made available to owners for periods of up to a week.

The loaner car option is still in the early planning stages, and it’s not yet clear exactly how it would work. Would the Leaf owner be required to arrange the loan through a rental agency, or could it be handled through a local dealership? Nissan still has a lot of details to iron out, but if the plan gets approved, it could prove to be a strong marketing tool.

Gallery: 2011 Nissan Leaf: First Drive

Photos by Damon Lavrinc / Copyright (C)2010 Weblogs, Inc.

 [Source: TheDetroitBureau.com]

Nissan to offer free conventional car loan to Leaf buyers to ease range anxiety? originally appeared on Autoblog on Fri, 08 Oct 2010 11:29:00 EST. Please see our terms for use of feeds.

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Will Lansing, MI offer the cheapest Chevrolet Volt in America?

Filed under: Car Buying, Sedan, Government/Legal, Hatchback, Chevrolet, GM, Earnings/Financials

2011 Chevrolet Volt pre-production

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

The Chevrolet Volt extended-range EV has a base MSRP of $41,000. For most Americans who buy one, this can be reduced by $7,500 thanks to a federal tax rebate. Additionally, some buyers will be able to take advantage of state or local government incentives that will drop the after-rebate price below $33,500, like the 2,500 Detroiters who can get free installers and a $40 flat monthly rate from DTE Energy. The people with the absolute cheapest entry point for a new Volt, though, could be those in Lansing, Michigan.

That’s because the local utility, Lansing Board of Water & Light (BWL), will offer incentives that match the $7,500 from the feds. According to the Lansing State Journal, the incentive is, “a $7,500 cash rebate to the first 25 buyers of the Volt in BWL’s service area and install high-speed charging stations for those who make the list.” The financial assistance comes from a $750,000 grant from the federal government that is meant to promote electric vehicles in mid-Michigan. BWL will also buy two Volts for its own use with the money.

The bad news? This amazing deal is limited to the just 25 people, and it doesn’t seem to include any other plug-in vehicle (why no Nissan Leaf love?). If you’re only helping 25 people, why not just buy some Volts to give away? In any case, it’s a pretty sweet deal, and we would be surprised if other local governments are working on similar programs with their own federal grant money. Now, if you’ll excuse us, we need to go make a phone call.

Gallery: Quick Spin: 2011 Chevrolet Volt pre-production prototype

Photos copyright (C)2010 AOL

[Source: Lansing State Journal]

Will Lansing, MI offer the cheapest Chevrolet Volt in America? originally appeared on Autoblog on Tue, 05 Oct 2010 13:00:00 EST. Please see our terms for use of feeds.

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Hurst to offer custom personalization for modern muscle cars

Filed under: Aftermarket, Coupe, Budget, Performance

Hurst personalized Dodge Challenger – Click above for image gallery

If you’re like us, you certainly wouldn’t mind being able to park a neo-Hurst muscle cars in your garage. Unfortunately, we’d have to sell the farm, most of our loved ones and a kidney or two just to lay claim to one of the company’s individually-numbered bruisers. How ’bout some good news, then?

For a fraction of the cost of a gold-and-white beauty, Hurst will be more than happy to convert any new Chevrolet Camaro, Dodge Challenger or Ford Mustang into a genuine Hurst creation. All you need to do is have the vehicle delivered to the Hurst Garage in Irvine, California, pick which parts you want installed and let the shifting gurus take care of the rest.

Hurst will even go so far as to give each vehicle an individually numbered dash plaque and record the car’s VIN for posterity. Customers can choose from suspension components, sport-tuned exhaust, wheels, spoilers and the like as well as the typical trick shifters. If you’re planning on swapping in a few aftermarket parts on your new pony car, this would seem like a fine way to go about it.

Gallery: Hurst personalization program

[Source: Hurst via Motor Trend]

Hurst to offer custom personalization for modern muscle cars originally appeared on Autoblog on Mon, 16 Aug 2010 17:58:00 EST. Please see our terms for use of feeds.

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Jeep to offer Trail Edition Camper as official Mopar accessory

Filed under: SUV, Etc., Chrysler, Jeep, Specialty, Off-Road

Jeep Extreme Trail Edition Camper – Click above for high-res image gallery

We know what you’re thinking. What good is a vehicle capable of overlanding to the remotest parts of the planet if there’s no place to lay your head when you arrive at your for-the-night destination? Here’s a bit of good news for you world travelers: Jeep has just announced a new Trail Edition Camper that will be available as an official Mopar accessory from any Jeep dealership. And it looks just about perfect hooked up behind a new Wrangler.

From what we can see in the high-res image gallery below, these trailers are pop-ups that fold down to a manageable size for towing. Each trailer will sport sleeping arrangements for four with one dedicated queen-size bed (the other sleeping quarters are converted from the table and couch), built-in aluminum cabinet, 110-volt power supply and a “premium canvas enclosure.”

Two models will be available, the standard Trail Edition Camper and the (*cue monster-truck-announcer voice*) Extreme Trail Edition Camper. While the basic model gets 32-inch tires and 12 incles of ground clearance, the Extreme Edition ups the ante with 35-inch BFGs and a whopping 15 inches of clearance. Other suitably extreme upgrades include a beefed-up frame and full underbody skid plates.

Pricing starts at $9,995 for the regular model and $11,995 for the Extreme. Full details and specifications can be found after the break, and we highly suggest you check out our high-res image gallery below.

Gallery: Jeep Trail Edition Campers

[Source: Jeep]

Continue reading Jeep to offer Trail Edition Camper as official Mopar accessory

Jeep to offer Trail Edition Camper as official Mopar accessory originally appeared on Autoblog on Tue, 20 Jul 2010 14:59:00 EST. Please see our terms for use of feeds.

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