Less than 2 months ago the headline here was GM ramps up Cobalt production to meet demand. It’s amazing how quickly things change in this crazy environment. Just months after adding a third shift at the Lordstown, OH assembly plant where the Chevy Cobalt and Pontiac G5 are built, on Friday GM gave 1,100 employees at the facility layoff notices. The company isn’t getting rid of the third shift but, it is slowing the build rate in line with current sales demand. Earlier this summer, GM was selling Cobalts as fast as they could build them and now all of a sudden, those sales have dried up. The spike was triggered by $4 gasoline, and even though gas prices have dropped to half that level, you might not expect sales to fall so fast. The real problem is the lack of available credit for financing. Most of the inherent customer base for cars like the Cobalt simply can’t afford to pay cash for a new car. With credit increasingly hard to get, car sales have crashed almost across the board in October. Even the Honda Civic that sold 53,000 copies in May got just under 19,800 in October. Expect to hear more about slowdowns at other carmakers, including mighty Toyota and Honda, very soon.
[Source:Autoblog]
Driving around the streets of Los Angeles, it is easy to spot a plethora of Honda Civics attempting to achieve the appearance of the world’s fastest economy car. Huge shopping cart wings, monster tachometers and racing stripes often highlight the package. Legitimate world record speed isn’t achieved on any city street, however, and not with any aerodynamic packages reminiscent of shopping. It is achieved on the Bonneville Salt Flats in northwestern Utah. The latest records indicate that there is only one car with the claim to the title of World’s Fastest Honda Civic. That car happens to belong to automotive writer Richard Holdener and it is currently available for sale on eBay.
Richard’s Lucas Oil sponsored 1999 Honda Civic Si ran a top speed of 227.7 mph back in August of this year. Despite the Civic’s ability to produce 728 hp at 29 psi of boost, the record was achieved with only 15.2 psi. Inherently weak stock Honda CV joints were apparently the hold-up in laying down the full power band. It certainly wasn’t due to any failure of the engine components, since the parts list reads like a roll call of some of the best names in the American Honda tuning game. Any small-displacement four cylinder engine tuned to output in excess of 700 ponies has to be stocked to the gills with improvements. The cost to own this piece of history, and the potential to make some of your own, starts at $21,777.77. The car’s located in Las Vegas, Nevada, so those must be some lucky 7’s in the price.
Thanks for the tip Srihari!
[Source:Autoblog]
