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DETROIT -(Dow Jones)- Ford Motor Co. (F) Friday announced wide-ranging cost cuts after burning through $7.7 billion in cash in the third quarter, as revenue plunged owing to rapidly deteriorating auto-market conditions.

The Dearborn, Mich., auto maker hopes to improve the cash position in its automotive business by between $14 billion and $17 billion by the end of 2010, through a mix of job cuts, reduced benefits, lower capital spending, divestiture of noncore assets and new financing measures.

“Ford’s actions are based on the expectation that the global auto industry downturn will be deeper, broader and longer than was previously assumed,” the company said. Ford said volume declines in 2009 are expected to be comparable with this year’s steep declines, and that the company “will continue to adjust its production in line with the lower demand.”
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Selling a car on your own is good insurance that you’ll obtain top dollar, and it may be your only option if you are buying your next vehicle through a private-party sale. But be aware of the work involved. Prepping your vehicle for sale will take time, and depending on its condition may also cost you some money. Honestly assess the car’s condition, and then decide how much you want to spend on minor repairs, always remembering the liability involved with a private-party sale. Be sure to fix things well enough to avoid running into possible legal troubles farther down the road.

Once the vehicle has been cleaned and repaired, you’ll need to determine what it’s worth. Consulting specialized publications such as used vehicle value guides is a good starting point. By looking at both the trade-in and suggested retail values listed for your car, you can determine an asking price somewhere between them. Also check your local newspaper’s classifieds, and newsstand publications containing used-car ads in order to determine local market pricing. Look for listings of vehicles similar to yours and compare their asking prices. Using multiple sources helps assure that you arrive at a fair and realistic asking price. » Read the rest of the entry..

Technorati Tags: Cars, insurance, luxury cars and classics, selling car, sports cars, vehicles

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If you spend tens of thousands of dollars on a car, you want to get something back for your investment when it’s over. Inevitably, the value of your car will depreciate, but you’d like it to have as much trade-in value as possible.

This doesn’t just go for buying a car. When you lease a car, the amount it will be worth at the end of the lease is critical in determining your monthly lease payment price. It’s called residual value, an important factor to keep in mind if you’re shopping for a new car.

In a list compiled by Automotive Lease Guide, or ALG, the 10 cars expected to hold value the most over the next five years are an eclectic group (sedans and small sport utility vehicles, among others). What do these cars have in common?
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Technorati Tags: 10 Best Cars, Automotive Lease Guide, Worst 10 Cars Holding Value

Porsche 911 Turbo Coupe 2008

Porsche 911 Turbo Coupe 2008 was the luxurious Porsche car kind with the design was increasingly modern and better, was drafted for anyone who wanted to enjoy the comfortable feeling in the trip with Porsche 911 Turbo

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2008 BMW M6 Coupe

2008 BMW M6 Coupe with the luxurious design and was drafted with modern system made anyone who drove him will be felt comfortable and lovely, this car was designed for people who gave priority to the modern style and comfortable feeling in drove, this especially for the kind car 2008 BMW M6 Coupe, congratulations tried…

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Micro Car Smart Fortwo

AP - When DaimlerChrysler announced in 2006 that it planned to bring the Smart Fortwo micro car to the United States after nearly a decade in Europe, gas prices had reached about $2.80 a gallon. Now, Americans are paying more than $4 a gallon at the pump, SUV sales are plummeting and consumers are hungry for smaller, more fuel-efficient vehicles.

The little Smart has been riding a wave of consumer interest, attracting thousands of shoppers willing to put down $99 and wait about nine months for the two-seater. So when I sat in the driver’s seat of a blue Smart Fortwo last week, turned, and touched the back window with my finger tips, I had to wonder: Do Americans really want to go this small? » Read the rest of the entry..

Technorati Tags: DaimlerChrysler, micro car, Passion Cabriolet, Smart Fortwo, vehicles

Tesla Roadster Convertible 2008

The Tesla Roadster car for model 2008 with summary of 2008 Tesla Roadster is a 2-door, 2-passenger convertible sports car, available in one trim only, the Convertible. Upon introduction, the Roadster is equipped with a standard MOTOR, 248-horsepower, electric engine. A 1-speed automatic transmission is standard. Its beautiful model and concept the luxurious style enabled everyone to want and have its but of course this for them who could buy and want to appear the difference for his life. Really amazing …!!

Technorati Tags: 2008 Tesla Roadster, 2008 Tesla Roadster Convertible, Roadster, Roadster Car, Tesla Roadster, Tesla Roadster Car