Thursday, April 10, 2014

General Motors will take a $1.3 billion charge in its first quarter !!

General Motors will take a $1.3 Billion Charge in its first quarter because of the massive recalls it announced earlier this year.
General Motors put two engineers on leave who are connected to the company's ignition switch glitch, and reached out to NASA to confirm that its recalled vehicles can be driven safely. The two engineers were not named.
"This is an interim step as we seek the truth about what happened," GM CEO Mary Barra told USA Today on Thursday. "It was a difficult decision, but I believe it is best for GM."
Federal auto regulators said on Tuesday that General Motors is being fined $7,000 each day for not providing enough information on the ignition-switch recall.
The National Highway Traffic Safety Administration (NHTSA) sent General Motors 107 questions in order to determine if the company answered questions about defects promptly, USA Today reports. But according to the NHTSA, GM “did not respond to over a third of the (107) requests.”
The NHTSA is fining GM for the lack of information beginning April 3, bringing the sum to $28,000 so far with an additional $7,000 each day. The NHTSA says it could turn the matter over to the Justice Department as soon as tomorrow.
GM has recalled over 2.5 million cars that may be outfitted with faulty ignition switches that can impede air-bag deployment in accidents. The company first became aware of the problem in 2001 but did not promptly address the flaw. GM says it knows of 13 deaths linked to the faulty ignition switch and is currently subject to a criminal investigation.

Source: http://mashable.com/ - http://time.com/

Tuesday, April 8, 2014

30 cars confirmed for the 2014 ETCC season

The full entry list for the 2014 FIA European Touring Car Cup has been announced, with 30 cars split over four classes for this year’s five event season.
The season kicks off at Paul Ricard on April 20th, joining the WTCC round there, then continues to join the WTCC in Slovakia, Austria and Belgium, before having a standalone season finale at Pergusa in Italy on September 28th.
This year, the Cup adds a class for the outgoing specification S2000 cars, which will race in the class called TC2T. There are five cars entered in the class, three BMW 320 TCs for Mat’o Homola, Aytaç Biter and Franz Engstler, and two Chevrolet Cruze 1.6Ts for Igor Skuz and Nikolay Karamyshev.
This is set to be the fastest class, with the Chevrolet Cruze much fancied as the quicker car, though taking into consideration Homola’s performances in the past two seasons, and the experience and speed of Engstler, who races in the ETCC for the first time since 2005, it should still be a close fight.
In the TC2 class, for older cars with normally aspirated engines as used in the first seven years of the WTCC, there’s a large 11 car contingent, with last year’s champion Petr Fulín returns with Krenek Motorsport, and will compete with the BMW 320si that took him to the title last year. There are plenty of new teams and faces joining the regulars, such as Rikli Motorsport with team boss Peter Rikli and last year’s Ladies Trophy champion Andrina Gugger.
Engstler Motorsport will field a pair of BMW 320sis in the class for Christian Fischer and Plamen Kralev, Sládecka Motorsport and Team Unicorse both bring back the Alfa Romeo 156 S2000 to the championship, while Norbert Nagy will race in the Chevrolet Cruze that Dusan Borkovic raced last season.
The Single-Make Trophy class features eight cars, with the class only open to the previous generation SEAT León Supercopa cars.
Last year’s champion Mario Dablander doesn’t return, but close rival Andreas Pfister does and will perhaps be the one to beat. Half the class will be made up by cars run by the SMP Racing Russian Bears squad, which fields four Russian drivers.
In the S1600 class, as before, the category is dominated by the Ford Fiesta 1.6, built for the German ADAC Procar Series Division 2 class.
Last year’s dominant champion Kevin Krammes does not return, which will perhaps leave the category more open. Of the six cars entered, five are being run by the German Ravenol Team, with just Gilles Bruckner the odd one out in his Team LuxMotor entry.
The Ladies Trophy will be run again and the competitors are the same as last year, with Andrina Gugger in the S2000-spec Honda Civic FD, and with Ulrike Krafft and Ksenya Niks competing in the S1600-spec Fiestas.

FIA ETCC 2014 Full Season Entry List
TC2T Class – Super 2000 w/1.6 turbo engines (WTCC 2011-2013)
No – Driver – Nat – Team – Car
2 – Mat’o Homola – SVK – Homola Motorsport – BMW 320 TC
3 – Igor Skuz – UKR – Campos Racing – Chevrolet Cruze 1.6T
4 – Aytaç Biter – TUR – Borusan Otomotiv Motorsport – BMW 320 TC
6 – Franz Engstler – GER – Liqui Moly Team Engstler – BMW 320 TC
12 – Nikolay Karamyshev – RUS – Campos Racing – Chevrolet Cruze 1.6T
TC2 Class – Super 2000 w/2.0 NA engines (WTCC 2005-2010)
No – Driver – Nat – Team – Car
7 – Peter Rikli – SUI – Rikli Motorsport – Honda Civic FD
8 – Norbert Nágy – HUN – MGS Racing – Chevrolet Cruze LT
9 – Christian Fischer – SUI – Liqui Moly Team Engstler – BMW 320si
10 – Andrina Gugger – SUI – Rikli Motorsport – Honda Civic FD
11 – Plamen Kralev – BGR – Liqui Moly Team Engstler – BMW 320si
14 – Milovan Vesnić – SRB – ASK Sport Auto Vesnić – BMW 320si
15 – Norbert Kiss – HUN – Team Unicorse – Alfa Romeo 156 S2000
16 – Kaan Önder – TUR – Borusan Otomotiv Motorsport – BMW 320si
18 – Samuel Sládecka – SVK – Sládecka Motorsport – Alfa Romeo 156 S2000
20 – Michal Matĕjovský – CZE – Krenek Motorsport – BMW 320si
22 – Petr Fulín – CZE – Krenek Motorsport – BMW 320si
Single-Make Trophy Class – SEAT León Supercopa Mk.2 cars
No – Driver – Nat – Team – Car
55 – Andreas Pfister – GER – Pfister Racing – SEAT León Supercopa
56 – Aku Pellinen – FIN – Aku Motorsport Team Niinivirta – SEAT León Supercopa
57 – Mikhail Maleev – RUS – SMP Racing Russian Bears – SEAT León Supercopa
58 – Sergey Ryabov – RUS – SMP Racing Russian Bears – SEAT León Supercopa
59 – Dmitry Bragin – RUS – SMP Racing Russian Bears – SEAT León Supercopa
60 – Vladimir Nikolaev – RUS – SMP Racing Russian Bears – SEAT León Supercopa
66 – Ronny Jost – SUI – Topcar Sport – SEAT León Supercopa
69 – Urs Sonderegger – SUI – PCR Sport Club – SEAT León Supercopa
S1600 Class – Super 1600 cars (1.6 litre NA engines/ADAC Procar Division 2)
No – Driver – Nat – Team – Car
32 – Gilles Bruckner – LUX – Team LuxMotor – Ford Fiesta 1.6 16V
33 – Ulrike Krafft – GER – Ravenol Team – Ford Fiesta 1.6 16V
34 – Patrick Wolf – SUI – Ravenol Team – Ford Fiesta 1.6 16V
35 – Christian Kranenberg – GER – Ravenol Team – Ford Fiesta 1.6 16V
36 – Erwin Lukas – GER – Ravenol Team – Ford Fiesta 1.6 16V
39 – Ksenya Niks – UKR – Ravenol Team – Ford Fiesta 1.6 16V

Monday, April 7, 2014

GM buries regulators in 200,000 documents

General Motors has now provided about 200,000 pages of information to the National Highway Traffic Safety Administration today in response to questions about its ignition switch recall. The release comes the same week that GM CEO Mary Barra testified to House and Senate subcommittees.
The paper deluge is in response to a special order from NHTSA for answers to 107 questions on matters leading up to the recall of 2.6 million small cars due to a defect in their ignition switches. The problem is linked to 31 crashes and 13 deaths.
"The company has submitted some 200,000 pages of documents and will provide today answers to nearly 65% of the questions," GM said in a statement released late today. "GM is cooperating fully with NHTSA and is keeping the agency apprised at every step of its progress as it works to respond to the remaining questions within the Special Order."
NHTSA officials said they will release the documents after the agency vets them and redacts anything deemed sensitive, personal or proprietary. The process could take weeks.
Additionally, David Friedman, NHTSA's acting administrator, said concerns raised during testimony before a Senate subcommittee Wednesday have prompted the agency to contact other automakers to ask if they have had problems with air bags similar to those experienced by GM.
So far, he said, there is no "current indication of a risk."
What concerns Friedman is that GM may have learned years ago that the inadvertent movement of the ignition switch from "run" to "accessory" could potentially disable air bag sensors and other electrical systems.
Air bags are designed to deploy whether a vehicle's engine is running or not because power is often lost in a crash.
If GM or its supplier knew there was a chance the sensor was disabled -- or if they were designed that way in the first place -- Friedman said GM should have told NHTSA.
Friedman said it could have "radically changed" the agency's approach toward investigating air bag non-deployments.
Source: 
http://www.usatoday.com/

Thursday, April 3, 2014

Online shopping addiction... How far can you go!?

Do you find yourself going to the mall not really shopping? do you find yourself lost in stores, or even imagining how much easier it is gonna be shopping online?
Well as much as i hate to admit it, shopping online is becoming more attractive everyday! New offers, online specials, Shop by category, Shop by size, brand, color and even free delivery sometimes... It is all very convenient...

Did you ever think though how far are you willing to shop online? Far enough to buy a Car?

A lot of Cars dealerships recently have been shifting to online only, using the 360 photo technique! Just log into the website, apply for a car, buy it online and have it delivered to you! Can this be the future of buying your car? Would you give up easily the "Drive Test"  "Varieties" "picking your Dream car yourself"

I can see people shopping for cloth or electronics, reading reviews about the product they are about to buy, but Cars? Used cars for sale? Not sure yet! Are you??

Tuesday, April 1, 2014

Happy April Fools's Everyone :)

April Fools's Day, Called sometimes All Fools' Day is an informal Holiday celebrated every year on April First! 
Popular since medieval times, the day is not a national holiday in any country, but it is widely recognized throughout European cultures and celebrated as a day when people play practical jokes and hoaxes on each other. 

Starting off students at school, colleagues at work, Facebook Posts or even Multinationals starting off jokes and Hoaxes over the internet! even magazines and blogs are taking it to the next level of news :)

Today a social blog called Scoopempire.com announced that Kim Kurdashian is getting married in Egypt! Lego company twitted that they will deliver today their products on a real Turtle! Virgin America Airlines and Google Acquired nest team up to offer "Climate-controlled" flights! and many more stuff going around!

So if you hear any news today, just make sure you are not being played :)

Happy April Fool's everyone!! 

Monday, March 31, 2014

NHTSA to require backup cameras on all vehicles

The National Highway Traffic Safety Administration issued a regulation Monday requiring all vehicles, including new trucks and buses, to have rear-view visibility -- in effect, requiring backup cameras.
The rule applies to all vehicles with a gross weight rating up to 10,000 pounds -- from the smallest subcompact to commercial vans. It begins phasing in with 2016 models and takes full effect in May 2018.
The rule follows an outcry from consumer groups and families that have been touched by tragedies involving back-over accidents, especially those involving children in parking lots. They had been pushing hard against delays in implementing tougher standards. NHTSA says it has been listening.
Under the new rule, all vehicles will have to come equipped with the ability for the driver to see a 10-foot by 20-foot zone directly behind the vehicle. There are also requirements involving image size and other factors that pretty much ensure that rear-view cameras are the only solution that will work.
In a 2010 report, the DOT's National Highway Traffic Safety Administration said that each year 228 people die in light-vehicle backup incidents, with about 44% of them kids under age 5. The second most vulnerable group: adults over age 70.
Congress passed a law in 2007 act ordering the Transportation Department to have a rule in place by 2011 to require cameras or other backup warning devices on all new cars and light trucks. Until Monday, there have been multiple delays.
To try to break through, a coalition of car-safety advocates and parents sued the Obama administration in September. Two parents who accidentally backed their cars over their kids were the lead plaintiffs in the lawsuit filed in the U.S. Court of Appeals in New York.
Despite the delay, some automakers are getting ahead of the ruling by putting cameras on all their new models. Many offer cameras as standard or optional equipment even on their smallest, most economical cars.

Monday, March 24, 2014

Malaysian Flight 370, The search ended.......

Every time i get on a plane, i can't help but wonder how safe planes are, or what will be my reaction if this plane has to land in the middle of nowhere. I am sure that almost everyone has this thought in the back of his head, even if you can't admit it to yourself.

I have read so much about planes safety, and how planes are more safe than trains and cars, but as person, i know that i can only walk, and not fly!

The Malaysian flight 370, which left Kuala on the 8th of March 2014 to Beijing, with 12 crew members and 227 passengers from 15 different nationalities has been the story everyone is waiting to see its end.
The flight which was suppose the land after 5 hours and 55 minutes, never landed......

Since the 8th of March, the world has been waiting, and hoping for a better ending than the one announced today! Unfortunately after all the searches, false hopes, desperate moments and endless grief, Today the Prime Minister of Malaysia announce that the Missing flight ended in the Indian Ocean with no survivors...


A human tragedy by all means... In those times i can't but Pray for the victims, their families and their lives lost in the deep ocean.