Automotive News - November 3, 2008 - (Page 40)

40 • NOVEMBER 3, 2008 SUBARU Customer Incentives , Incentives in this table are a summary of retail programs offered. Programs may vary by region and model. Cash rebate Finance rate Cash rebate Finance rate FORD MOTOR CO. Stories about these companies are on these pages: Acura 24, 26 AK Steel 36 Alcoa 3 Alfa Romeo 42 American Axle 3 ArcelorMittal 3, 36 ArvinMeritor 3, 6 Asbury Automotive Group 39 Audi 6, A N I 29, 39 T O C O M P 20, 26, E S Bentley 6 Bill Heard Enterprises 8 BMW 4, 16, 20, 22, 23, 26 BorgWarner 3, 38 Buchanan Auto Group 3 Buick 38, 39, 42 Cadillac 38 CarMax 1 Centerbridge Partners 3 Cerberus 4, 12, 25, 39 Chevrolet 1, 16, 20, 37, 38, 42 Chiat/Day 14 Chrysler 3, 4, 12, 16, 22, 25, 36, 39, 42 Chrysler Financial 4 Citroen 23 Continental 23 Daimler 3, 25 Delphi 6, 23, 38 Denso 23, 39 Dentsu Next 14 Dodge 22, 39, 42 DuPont 3 Enterprise Rent-A-Car 4 Fiat 23, 42 Ford 1, 3, 4, 6, 12, 16, 20, 22, 24, 31, 36, 37, 38 Ford Credit 4, 37 GM 1, 3, 4, 6, 12, 16, 20, 22, 24, 25, 31, 36, 37, 42 GMAC 4, 12, 37, 42 GMC 37 Group 1 Automotive 39 Honda 14, 22, 24, 28, 31, 39 Hyundai 14, 16, 20 Hyundai Mobis 16 Infiniti 8, 14 Jaguar 42 Jeep 22, 39 Kia 16 Land Rover 20, 42 Lexus 20 Lincoln 3 Lithia Motors 39 Lotus 22 Marketing Worldwide 16 Maserati 42 Mazda 20, 37 Mercedes-Benz 20, 22, 23, 42 Mercury 22 Metaldyne 39 Mini 6, 14, 22, 23 Mitsubishi 3, 22, 37, 40 Nissan 14, 22, 24, 31, 37, 39, 40 Penske 39 Pontiac 37 Porsche 22 PSA/Peugeot-Citroen 23, 38 Renault-Nissan 42 Reynolds and Reynolds 6 Robert Bosch 3, 20, 23 SAIC-GM-Wuling 38 Saturn 6, 22 Shanghai Automotive Industry Corp. 42 Siltanen & Partners 14 Smart 23 Sonic Automotive 39, 42 Suzuki 14 Tata 42 Toyota 1, 14, 16, 20, 22, 23, 24, 31, 38, 40 Valeo 23 Volkswagen 6, 22, 23, 25, 29, 31, 38 Volkswagen Credit 6 Acura RDX Honda Pilot Accord 2008 models Acura MDX, RDX, TL Honda Odyssey, Ridgeline CR-V, Accord, Element – 1.9-3.9% – 0.9-2.9% – 0.9-2.9% – 1.9-3.9% Expires Nov. 3. In lieu of rebates, cut-rate financing is available. 2009 models Ford Flex, Explorer $2,500-$3,000 0-4.9% Fusion $2,000-$3,000 0-5.9% F-250 Super Duty, F-350 Super Duty $2,500 1.9-5.9% Escape $1,000-$2,500 0-5.9% Taurus, Taurus X $1,500-$2,000 2.9-7.9% Focus, Mustang $1,000-$2,000 0-8.9% Explorer Sport Trac $1,000-$1,500 2.9-6.9% Econoline $1,000 2.9-6.9% Lincoln Navigator $5,000 1.9-5.9% Town Car $4,000 4.9-8.9% MKZ $2,500-$3,500 0-5.9% MKS – 0.9-4.9% Mercury Grand Marquis $5,000-$5,500 1.9-5.9% $2,500-$3,500 0-4.9% Milan Mountaineer $3,000 0-3.9% Mariner $1,500-$2,500 0-5.9% 2008 models Ford F-450 Super Duty $7,000-$8,000 0-3.9% F-250 Super Duty, F-350 Super Duty $6,000-$8,000 0-3.9% F-150 $4,500-$7,500 0-5.9% Expedition, Expedition EL, Explorer $4,500-$5,000 0-1.9% Mustang $2,500-$5,000 0-5.9% Explorer Sport Trac $3,500-$4,000 0-1.9% Edge, Taurus $3,000-$4,000 0-4.9% Escape, Fusion $2,000-$4,000 0-3.9% Taurus X $3,000-$3,500 0-4.9% Econoline, Ranger $2,000-$3,000 0-1.9% Focus $1,500-$2,500 0-7.9% Escape Hybrid – 4.9-8.9% Lincoln Mark LT $8,500-$9,500 0-1.9% Navigator $7,000-$8,000 0-1.9% Town Car $6,000-$7,000 0-6.9% MKZ, MKX $3,500-$4,500 0-1.9% Mercury Grand Marquis $6,500-$7,000 0-1.9% Mountaineer $5,000-$6,000 0-1.9% Sable $3,500-$4,500 0-3.9% Milan $3,000-$4,000 0-3.9% Mariner $2,500-$4,000 0-3.9% Mariner Hybrid – 4.9-8.9% Mitsubishi plans electric hauler Hans Greimel hgreimel@crain.com NISSAN NORTH AMERICA Expires Nov. 3. In lieu of rebates, cut-rate financing is available. 2009 models Nissan Armada, Titan $4,000-$4,500 0.9-2.9% Quest, Xterra $1,500 2.9-4.9% Frontier, Pathfinder $750-$1,250 3.9-4.9% Altima (incl. Hybrid), Versa $500 3.9-4.9% Murano – 0.9-4.9% 2008 models Infiniti G35, G37, M35, M45, FX35, FX45, EX35, Q56 – 0.9% Nissan Armada, Titan $5,000 0-1.9% Quest, Pathfinder, Xterra $2,500-$3,000 0.9-2.9% Frontier $1,750-$2,500 1.9-2.9% Altima, Sentra $750-$1,750 1.9-3.9% Altima Hybrid, Versa $1,000 2.9-3.9% SUBARU Expires Nov. 3. In lieu of rebates, cut-rate financing is available. 2009 models Forester, Legacy, Outback, Impreza, Tribeca – 3.9-4.9% 2008 models Forester, Outback $0-$2,000 0-4.9% Impreza, Legacy $500-$1,500 0-4.9% Tribeca – 0-4.9% TOYOTA MOTOR SALES Expires Nov. 3. In lieu of rebates, cut-rate financing is available. 2009 models Toyota Corolla, Camry (excl. Hybrid) $0-$1,000 0-2.9% Matrix, Sienna, Tacoma $0-$1,000 0-4.9% 2008 models Toyota 4Runner, Tundra $0-$5,000 0-1.9% Sequoia, Sienna $0-$3,000 0% Tacoma $0-$2,000 – Avalon, Highlander, RAV4 $0-$1,500 0-4.9% Camry Solara $0-$1,000 3.9-4.9% FJ Cruiser – 0-4.9% TOKYO — Mitsubishi President Osamu Masuko is planning a commercial variant of the upcoming i MiEV electric car in an attempt to steal a lead in fleet sales of emission-free mail trucks and delivery vehicles. The minitruck would have the same petite platform as the i MiEV but a body designed to handle cargo, Masuko told Automotive News. The commercial electric vehicle will be ready for launch next year. But initial volume will be limited by the supply of lithium ion batteries needed to power its motor, he said. “We intend to take this worldwide,” Masuko said in an interview here last week. “There’s a global need for commercial vehicles for small shops and delivering mail or packages.” Mitsubishi Motors Corp. plans to start selling its bubble-shaped, four- seat i MiEV electric passenger car in Japan next summer. The company is banking on electric vehicles to help it leapfrog bigger rivals that have focused on gasoline-electric hybrid vehicles as their green-car strategy. Speaking through an interpreter, Masuko said electric vehicles could make up 10 percent of the global auto market by 2020. But electrics will remain relegated to short-range city runabouts because of limitations in battery technology, he said. That makes them ideally suited as fleet vehicles for delivery companies. Such vehicles have predictable driving patterns and short ranges and return to a common garage for recharging. The passenger version of the i MiEV is slated for annual sales of 2,000 units in Japan. Mitsubishi plans to eventually take that car to the United States and Europe.c To match Toyota, Nissan offers 0% loans NASHVILLE — Nissan North America Inc. is joining rival Toyota in providing 0 percent financing to revive U.S. auto sales. Nissan Division is offering 0 percent factory financing on five models: the Altima, Rogue, Sentra, Versa and Murano. The 36-month loans, which end Jan. 5, require good credit ratings. In addition, while some automakers’ finance arms have abandoned leasing, Nissan is offering factory-subsidized $199-a-month leases on the Altima sedan and Rogue crossover while extending a $339-a-month lease offer on the newly redesigned Maxima sedan. As a third measure, on Nov. 18 the brand will introduce a lower-priced version of its Versa sedan with a manufacturer’s suggested retail price of $10,685 — about $3,000 less than existing versions. The price in- GENERAL MOTORS Expires Nov. 3. In lieu of rebates, cut-rate financing is available. 2009 models Buick LaCrosse, Lucerne $1,000 6.9% Enclave $500 6.9% Cadillac CTS – 4.9-6.9% Chevrolet TrailBlazer $3,000 6.9% Avalanche, Impala, Suburban, Tahoe $1,000 6.9% Tahoe Hybrid $1,000 – Silverado 1500, Colorado $500-$1,000 6.9% Cobalt, Equinox, Express, HHR, Silverado 2500HD/3500HD $500 6.9% Aveo, Malibu, Traverse – 6.9% GMC Envoy $3,000 6.9% Yukon, Yukon XL $1,000 6.9% Yukon Hybrid $1,000 – Sierra 1500, Canyon $500-$1,000 6.9% Acadia, Savana, Sierra 2500HD/3500HD $500 6.9% Hummer H3 $3,500 6.9-7.9% H2, H2 SUT $2,500 6.9-7.9% H3T $1,500 1.9-4.9% Pontiac G6 $500-$1,000 6.9% G5, Solstice, Vibe, Torrent $500 5.9-6.9% G8 – 6.9% Saturn Aura $500-$1,000 6.9% Outlook, Sky, Vue $500 6.9% 2008 models Buick Enclave, Lucerne, LaCrosse – 0-6.9% Cadillac DTS, XLR $4,000 0-5.9% Escalade, SRX, STS $3,000-$3,500 0-5.9% CTS 0-5.9% Chevrolet Express cargo $1,500-$2,000 5.9-6.9% Express $1,500 5.9-6.9% Avalanche, Aveo, Cobalt, Colorado, Corvette, Equinox, HHR, Impala, Malibu, Silverado 1500, Silverado 2500HD/3500HD, Suburban, Tahoe, TrailBlazer, Uplander – 0-6.9% GMC Savana cargo $1,500-$2,000 5.9-6.9% Savana $1,500 5.9-6.9% Acadia, Canyon, Envoy, Sierra 1500, Sierra 2500HD/3500HD, Yukon, Yukon XL – 0-6.9% Yukon Hybrid – 5.9-6.9% Hummer H2, H2 SUT, H3 $5,000-$7,000 0-7.9% Pontiac G5, G6, G8, Grand Prix, – 0-6.9% Solstice, Torrent, Vibe Saab 9-7X $4,500 0-5.9% 9-3, 9-5 $3,000-$3,500 0-5.9% Saturn Aura, Outlook, Sky, Vue – 0-6.9% VW GROUP OF AMERICA Expires Nov. 4. 2009 models Audi A3, A4, A8, S8, TT, Q7 2008 models Audi A3, A4, A6, A8, Q7, RS4, S4, S6, S8, TT, Q7 R8 – 4.9% – 0.9% – 6.09-7.39% VOLVO Expires Jan. 5. 2008 models XC90 S80 – 0.9-2.9% – 1.9-3.9% Nissan Division is offering 0 percent financing on the Rogue crossover, above, and four other models. cludes shipping. Nissan’s moves come as traditional sources for auto financing are squeezed by the nation’s banking crisis. Sales of Nissan-brand vehicles plunged 38.4 percent in September, while sales industrywide fell 26.6 percent. — Lindsay Chappell Dealer Incentives Incentives in this table are a summary of dealer programs offered. Programs may vary by region and model. GENERAL MOTORS Expires Nov. 3. 2009 models Cadillac DTS, SRX, STS, STS-V, XLR, XLR-V $1,500-$2,000 Escalade (incl. Hybrid) $1,000 Saab 9-3, 9-5, 9-7X $2,000 2008 models Buick Enclave, LaCrosse, Lucerne $1,000 Chevrolet Silverado 1500 $1,500-$2,000 Avalanche, Silverado 2500HD/3500HD $2,000 Equinox $1,500 Malibu, Suburban $500-$1,000 Aveo, Cobalt, HHR, Malibu Hybrid $500 GMC Sierra 1500 $1,500-$2,000 Sierra 2500HD/3500HD $2,000 Acadia, Yukon XL $1,000 Pontiac G5, Torrent $500-$1,500 Saturn Outlook $1,000 CREDIT Industry groups tout availability of loans continued from Page 1 autonews.com Check out the Chicago dealer group’s TV spot at autonews.com/chicagoad ship signs, the company is promoting what it calls its user-friendly finance process. “Our financing is a key competitive advantage in this environment, where many other aut http://www.autonews.com http://www.autonews.com/chicagoad http://www.CarMax.com http://www.Edmunds.com

Table of Contents Feed for the Digital Edition of Automotive News - November 3, 2008

Credit? Come and get it, industry groups say GM's product delays signal dire health Ford sticks with small-car plans Mitsubishi CEO: Let's halt Galant production in U.S. A dealer â and his reputation â on the ballot Help vehicles shed pounds American Axle posts loss UAW hires bailout adviser Ford to spend $200 million to upgrade 2 Ky. plants No off-lease cars? Certified will find others Arlena Sawyers China's stock market plunge has spooked car shoppers Advantage, Ford: Mulally likes owning Ford Credit Supplier execs join innovation panel at congress Quietly, Mini seeks 500 drivers to lease electric car for a year Reynolds bolsters document business Winterkorn: Audi needs to build in U.S. The great revenue drop of 2008 Bidders bet they can rebuild Heard 1 size fits all NADA: Give us tax incentives, dealer loan guarantees Campaigns' climate, energy plans hit economic wall Detroit 3 need and deserve U.S. help now Chrysler needs a buyer, but not GM Dealers pay fair share of taxes Washington hurts, not helps, electrics Compressed natural gas is the best fuel New ads aim to raise Suzuki's low profile Suzuki's new ad strategist: This brand has soul Fuel efficiency is coming â it just takes time Electrics edge closer by 2010 Tougher CAFE standards loom R&d chiefs shift gears for an electric future Japan carmakers lead charge into electrics Buffett backs BYD's sketchy plan for U.S. electric car Q&A: BYD envisions 2010 exports to U.S., Europe Girding the power grid for an electric fleet Hype powers plug-in vehicles Coachbuilders see salvation in electric cars Electric vehicles are charging into Europe Expect stop-start's big start to arrive in 2010 Flexibility will help Honda survive the storm Nardelli: Bailout not perfect â but needed Audi goes high-tech to boost service Acura offers quick service to win business Toyota's fashion fan Picture this Hondaâs N.A. operating profit falls 80.6% in quarter Aug. RV shipments fall 44% VW drops hints about car for new Tenn. plant Mexico sales fall 10.7% in September Honda to boost CR-V, end Civic output in Ohio Ford and GM jockey for steel discounts Dealers Ford Credit seeks to tap $700 billion package GM will end a used-car incentive early Nissan, Mitsubishi, Mazda recast fiscal 2009 forecasts Metaldyne to bondholders: Take 30% or Chap. 11 looms Detroit 3 ties hurt profits of dealer groups GM takeover would eviscerate Chrysler ranks, model lineup Mitsubishi plans electric hauler To match Toyota, Nissan offers 0% loans Sticker, sticker at the mall, what's the cheapest of them all? The Versa Waiting is what it's all about, Alfa Buy Chrysler? GM should sell Buick to SAIC Pickups pumped up by pump price plunge Chrysler hybrids, we hardly new ye Ghosn: Your best partner is a president in your pocket Sonic wins, but Mercedes wants last word

Automotive News - November 3, 2008

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