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Posted in auto loan rates, auto loans, car loans on Jun 8th, 2010
The Federal Reserve’s data shows that the average auto loan interest rate on new car loans at auto finance companies in April was 4.13 percent.
April’s rate follows several previous months of a rate decline, SubPrime Auto Finance News reports. In March, the national average car loan rate was 4.28 percent and in February it was [...]
Posted in auto news on Jun 7th, 2010
Chrysler announced Friday it is recalling about 25,000 model year 2007 Dodge Caliber and Jeep Compass vehicles due to sticky gas pedals. Now the Detroit automaker has two more recalls, and almost 600,000 vehicles total are affected.
The recalls involve five models in the United States, Reuters reports. Chrysler informed the U.S. National Highway Traffic Safety [...]
Posted in auto news on Jun 4th, 2010
Chrysler is recalling about 25,000 model year 2007 Dodge Caliber and Jeep Compass vehicles due to sticky gas pedals. In the affected vehicles, part of the gas pedal assembly can fall off, causing the pedal to come out of alignment and become stuck, CNNMoney.com reports.
CTS Corp., the supplier that made Toyota’s problem accelerator pedals, also [...]
Posted in auto news on Jun 3rd, 2010
Armando Galarraga, pitcher for the Detroit Tigers, is all over the news headlines today, thanks to a bad call by an umpire who ultimately ruined Galarraga’s perfect game.
Galarraga shouldn’t be sad though. Chevrolet just gave him a brand new 2010 Corvette convertible, saying they wanted to recognize his outstanding performance on and off the field.
GM [...]
Posted in auto news, car shopping on Jun 2nd, 2010
Ford announced Wednesday it will end production of its Mercury brand in the fourth quarter of this year, and will expand and enhance its Lincoln brand with seven all-new or significantly refreshed vehicles in the next four years.
Ford said in a statement it is discontinuing its Mercury brand “to fully devote its financial, product development, [...]
Posted in auto news on Jun 1st, 2010
The National Highway Transportation Safety Administration is warning owners of 2010 Ford Fusion and Mercury Milan sedans there could be a problem with all-weather floor mats becoming stuck under accelerator pedals. The gas pedal could become stuck if the all-weather floor mats are stacked on top of the cars’ standard carpeted mats, CNNMoney.com reports.
“Any Ford [...]