1960 Ford Fairlane 500 on 2040-cars
Orange, California, United States
Unfortunatly, this is another of those illness forces sale vehicles, I am representing this vehicle for my customer and friend who does not Ebay, lets get to it, current owner has owned this car for approx. 35 yrs., there has been approx. $20,000 spent overall, hopefully you can see in photos the extensive bodywork and paintwork(hopefully you can see in pics how straight the body is and the time and care to achieve body gaps and fit, it has been painted with top quality urathane single stage enamel, colorsanded and polished finish, interior is all new aside from headliner which is in great cond., all interior metal parts have been re-done including steering wheel, chrome all re-done, all stainless re-done and original to car( imagine, quarter panel mouldings are 8ft long!), over $3000.00 in chrome/brightwork alone, owner has collected numerous OEM parts over the years in which are now on this car( brought me hood badge in oe box, parklamp lenses in oe boxes, dome light ass in oe box, grille is in orig. perfect cond(not re-done but looks new) just put new OE looking classic whitewall radials(for drivability sake)within last six months(only about 50 mi. on them), there are no after mkt. parts put on this car,drivetrain is original to this car(312 V-8 with auto) and is older re-build approx. 20,000 mi. ago, UNDERSTAND, this was not a "frame-off" restoration, but a "cosmetic resto", this is a original "Cali" car..Would like to touch on interior, as i said it is all re-done as close to orig. as reality permits, there are no after market kits for these cars, this car runs and drives great, it saddens me that he has to let it go, REMEMBER! when is the last time you saw one of these at a car show!... the car will only be sold thru Ebay and thru paypal in less sold locally, can work with you in helping arrange shipping when that time comes, I can get and do have more photos OH!, vehicle is currently registered in Ca. ,Thanks
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New UAW boss Williams talks tough, vows 'no more concessions'
Sun, 08 Jun 2014Dennis Williams, the newly elected president of the UAW, had some tough words for American automakers in his inauguration speech at the 2014 UAW Convention, striking down the possibility of any additional concessions from the 400,000-strong union.
"No more concessions. We are tired of it. Enough is enough," Williams said during his speech. UAW employees have not received a raise in nearly 10 years, according to Reuters.
Considering the recent strong results for Ford, Chrysler and General Motors, the union's demands are likely to carry a bit more weight in next year's negotiations. And considering Williams' tough stance, we could be in for some fireworks once negotiations commence.
Auto investor Kirk Kerkorian dead at 98
Wed, Jun 17 2015Kirk Kerkorian, among the most talked-about investors in the American auto industry in recent memory, died at the age of 98 in Los Angeles on Monday, June 15. The billionaire ran the investment company Tracinda Corp. and was the largest shareholder in MGM Resorts International. Kerkorian attempted to use his power as a well-financed investor to push the auto industry in some fascinating ways. In 2006, he used his nearly 10-percent stake in General Motors to push a merger with the Renault-Nissan Alliance. The deal made it as far as discussions, but eventually fell through. Kerkorian also attempted to purchase Chrysler - twice. According to Automotive News, the first effort came in 1995 with a $22.8-billion offer for the automaker, and soon after it failed the company merged with Daimler. Then in 2007, Kerkorian was back with a bid for $4.5 billion, but things eventually fell to Cerberus. The billionaire finished the trifecta by buying up $1 billion in Ford stock in 2008 to make Kerkorian the single largest investor in the company. However, the situation didn't last long, and by the end of that year, he had unloaded the shares. According to Automotive News, Kerkorian was ranked by Forbes as the world's 41st richest man in 2008 with a net worth of $16 billion. News Source: Automotive News - sub. req.Image Credit: Joe Cavaretta / AP Photo Celebrities Earnings/Financials Chrysler Ford GM obituary
China takes lead as GM's No. 1 market
Tue, 09 Jul 2013It's happened. General Motors' biggest vehicle market - at least in terms of new model sales - is China. According to TheDetroitBureau.com, GM and its various Chinese joint venture operations enjoyed a 10.6-percent sales increase in the first half of 2013, selling almost 1.6 million units in the market. That puts GM China about 200,000 units ahead of its US sales totals over the same period - this, despite indicators that the communist nation's economy is losing momentum.
TDB notes that like GM, rival Ford has also enjoyed a robust 2013 in China thus far, with its sales up a whopping 47 percent to 407,721 units sold - 75,254 of them in June alone. Between the two US automakers, passenger car sales for the first half of 2013 are up around 14 percent, well ahead of the rest of the industry's 10-percent growth estimates for the market. Some of the sales growth may come as a result of an overall anti-Japan sentiment in China, though the American brands have long outsold their Japanese counterparts in the country.
By The General's own predictions, China will only continue to grow in sales importance. The company has designs on selling over five million cars a year in the market before the end of the decade, a total that figures to dramatically widen the gap versus its US totals - even if America's auto market makes a full recovery to the the salad days of over 17-million units a year.