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The Corvette ZR1 is already one of the best road-going machines ever made, but that hasn't stopped the Chevy engineers from adding a few updates for the 2010 model.
The main upgrade is a new traction control system that uses what Chevy calls Performance Traction Management (PTM). Essentially this works like a typical traction control system, limiting power delivery, except that it can do so right up to the maximum amount of grip available and without the driver having to modulate the throttle. Instead the PTM system handles that. When exiting a corner, the driver just needs to mash his right foot on the throttle and the car takes care of the rest.
Other new aesthetic offerings for 2010 include a new Torch Red paint color, a Cashmere interior color and optional Competition Gray wheels.
This new technology does, however, come at a cost, as the 2010 Zr1 will retail for $2,910 more than the '09 model, for a total of $109,530. Still, it's a bargain for the price.
Fifty-six years after the first Corvette rolled off the assembly line, General Motors can now boast it has produced 1.5 million of America's sports car. Chevrolet Product Marketing Director Karen Rafferty made the announcement at the June meeting of the Greater Atlanta Automotive Media Association.
The 1,500,000th 'Vette, produced at the company's Bowling Green Assembly plant is a 2010 Grand Sport Convertible, painted white with a red interior and a black top. This color combo is almost identical to the first, 500,000th and 1 millionth Corvettes which were built in 1953, '77 and '92.
The Grand sport replaces the Z51 model and offers performance closer in line to the Z06, thanks to a revised suspension, wider tires, bigger brakes, shorter gear ratios and a few other toys as well.
Suspension upgrades include new spring, shock and stabilizer bar specifications, helping the Grand Sport to achieve 1.0 g under cornering. Also helping out in that department are some 18-inch front and and 19-inch rear wheels with 275/35/18 front and massive 325/30/19 rear tires.
Inside those wheels is a big surprise as well, with a serious brake kit that includes six-piston front calipers with 14-inch rotors and four-piston rear calipers with 13.4-inch rotors.
While President Obama and General Motors CEO Fritz Henderson are both expected to hold press conferences today, officially GM has already filed for Chapter 11 Bankruptcy Protection.
Once the world's largest automaker and a symbol of the success of free market economics, GM is now a symbol of failure. In the 1950s it employed over 500,000 people and produced more than half of all the vehicles sold in the United States. Now it also holds the dubious title of the world's third-largest bankruptcy - and the largest bankruptcy for a manufacturing company.
General Motors, backed by yet another government loan from the U.S. Treasury is expected to get the same fast-tracked bankruptcy proceedings as the smaller U.S. automaker Chrysler - which filed for Chapter 11 just one month ago and which already appears to be emerging. Just yesterday a judge approved the sale of Chrysler's assets to a group comprised of Fiat, the U.S. government and the UAW. The Chrysler Chapter 11 proceedings were seen by many as a practice for the much larger General Motors corporation.
As a part of the Chapter 11 filing GM will receive $30 billion from the Obama administration, giving it a 60 percent stake in the once-great automaker. The Canadian government will take a 12 percent stake by... [Read More]
General Motors will cut 1,124 dealerships loose by October of 2010. The struggling automaker on the verge of bankruptcy sent letters out to the dealerships last week as it searches for ways to reduce it's current dealer network of 5,969 to just 3,600.
GM says it will not renew dealership agreements with the 1,124 companies when their contract renewal comes up in October of next year.
The dealerships being cut are considered to be poor performers and accounted for just 7 percent of GM's U.S. sales last year.
Another 470 dealerships are also scheduled to be let go as GM parts with the Hummer, Saab and Saturn brands. An additional 35 stand-alone Pontiac dealerships will also be cut.
Those dealerships not already notified aren't necessarily safe, however, as the remaining 4,300 stores is still 700 over the 3,600 cap.
The news of GM's numerous dealership closings came just one day after Chrysler announced it would drop 789 U.S. dealerships.
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