Chevrolet Cars, Trucks
Your Favorite Chevy
Posted Chevy Cars on Monday, December 31st, 2007.
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Oakley Inc. (NYSE:OO) on Aug. 8 announced a strategic marketing alliance with Chevrolet and its Silverado 1500HD truck series. Terms of the coalition allow Oakley to customize four Chevrolet 1500HD Silverados for use in its sports marketing program.
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Posted Chevy Cars on Monday, December 31st, 2007.
The Bel Air is a salute to a nameplate that saw its heyday in the 1950s. While retaining the style cues from the original, such as bench seats and a steering column-mounted gearshift, the Bel Air features a very modern Vortec 3500 turbocharged five-cylinder concept engine.
Gary Cowger, president of GM North America, described the Bel Air as a “modern, American convertible” that “catches the essence of the breed.”
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Bob Lutz, chairman of GM North America, said the automaker aims to keep design concepts close to reality. Three production cars in the GM lineup–the Hummer H2, the Cadillac XLR and the Chevrolet SSR– were concepts just a few years ago.
“These are vehicles that we believe people would love to drive today, not years from now,” Lutz said.
“Design concept vehicles shouldn’t try to reach 20 or 30 or even 10 years into the future. Concepts of course should tease the future certainly, but they never leave the realm of understandable possibility.”
Lutz said that philosophy is what inspired the Pontiac Solstice roadster concept. Using GM’s proprietary “math-based” computer-aided design system, the Pontiac roadster went from sketch to running concept vehicle in just four months.
The lightweight two-seat roadster is powered by a 220-horsepower engine and features saddlebrown leather interior surfaces and a two- gauge driver-oriented cockpit.
Lutz said it is targeted to be affordable for younger buyers, and that he expected it would grab market share among two-seat cars.
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Posted Chevy Cars on Monday, December 31st, 2007.
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Posted Chevy Cars on Monday, December 31st, 2007.
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Posted Chevy Cars on Monday, December 31st, 2007.
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Posted Chevy Cars on Sunday, December 30th, 2007.
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Posted Chevy Cars on Sunday, December 30th, 2007.
“We will flirt with the 3 million mark by 1997,” said GM Vice President and Chevrolet General Manager Jim Perkins.
Chevrolet-Geo dealers sold 2.4 million cars and trucks in 1994, nearly 16 percent of the 15 million-vehicle U.S. market. The only nameplate that outsells Chevy is Ford, with about 21 percent.
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Posted Chevy Cars on Sunday, December 30th, 2007.
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Posted Chevy Cars on Sunday, December 30th, 2007.
MEDFORD, Ore.–(BUSINESS WIRE)–March 17, 2004
Lithia Motors, Inc. (NYSE:LAD) announced today that it has completed the acquisition of Power Chevrolet located in Helena, Montana. The store will be renamed Lithia Chevrolet of Helena. The store has annualized sales of approximately $40 million.
Lithia Motors Chairman and CEO Sid DeBoer commented, “We first entered the state of Montana in April of 2003 with the purchase of Lithia Auto Center of Missoula representing the Chrysler, Dodge and Lincoln/Mercury brands. Then in June of that year, we acquired our second operation, Lithia Dodge of Billings. These two stores have been successful for the company and we are excited to be able to increase our presence in the state of Montana with our Chevrolet store in Helena. Lithia now generates approximately $100 million in annualized revenues in the state of Montana giving us a good base for future growth.”
About Lithia Motors
Lithia Motors, Inc. is a Fortune 1000 and Russell 2000 Company that sells 25 brands of new vehicles and operates 80 stores and 149 franchises in 12 Western states and over the Internet through “Lithia.com-America’s Car & Truck Store.” Founded in 1946, Lithia expanded from one dealership to a $2.5 billion industry-leading dealer group by 2003. Lithia became a publicly traded company in 1996 and today pursues an aggressive acquisition strategy, retailing more than 95,000 new and used vehicles in 2003. Lithia also sells used vehicles; arranges finance, warranty, and credit insurance contracts; and provides vehicle parts, maintenance, and repair services at all of its locations.
This press release includes forward looking statements; within the meaning of the “Safe-Harbor” provisions of the Private Securities Litigation Reform Act of 1995 which management believes are a benefit to shareholders. These statements are necessarily subject to risk and uncertainty including estimated annualized sales assumptions and the ability of the company to complete additional acquisitions in the current year, as well as others set forth from time to time in the company’s filings with the SEC. Actual results could differ materially due to these risk factors. Specific risks in this press release include estimated sales.
For additional information on Lithia Motors, contact: Jeff DeBoer, Senior VP and Chief Financial Officer 541-776-6868 (E-mail: invest@lithia.com) or Dan Retzlaff, Director Investor Relations at 541-776-6819 or log-on to: Lithia.com - About Lithia - Investor Info
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Posted Chevy Cars on Sunday, December 30th, 2007.
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