May 30, 2008
DETROIT – General Motors has handed the keys to four Chevrolet Equinox Fuel Cell vehicles to a group of key government partners who are participating in Chevrolet's Project Driveway.
Tags: California Air Resources Board, California Fuel Cell Partnership, Chevrolet Equinox Fuel Cell, General Motors, National Fuel Cell Research Center, South Coast Air Quality Management District
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By Mike Antich Fuel prices hit record highs. The cost of financing a fleet doubles. Used-vehicle values plummet. Dealers are unable to sell the vehicles they have in inventory. Geopolitically, the U.S. is embroiled in war and the macro-economy teeters on recession. If you think I'm talking about 2008, think again. The year was 1973.
By Mike Antich October was an extremely difficult month to remarket vehicles in the wholesale market as resale prices took a precipitous drop. Wholesale pricing, based on mixed mileage and seasonally adjusted, declined a record 6 percent in October. The lack of credit to both dealers and retail buyers has been the key catalyst contributing to the downturn in the wholesale market. The market forecast is gloomy until the credit gridlock is resolved.
By Mike Antich
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In This Issue: When Donating Makes Sense, Considering Alternative Fuels? Find Funding Now!, The Future of In-Car Communications and much more…