Episode 523 – GM Issues More Shares for IPO, Cadillac Urban Luxury Concept, VW Eos

November 17th, 2010 at 12:43pm

Runtime 8:13

General Motors announced it will increase the amount of shares it plans to make available for its initial public offering. Cadillac unveiled what it calls the Urban Luxury Concept at the L.A. Auto Show and says it can get high fuel economy. Volkswagen unveiled an updated Eos in Los Angeles and it has a couple of distinct features. All that and more, plus John shares his thoughts on the new Ford Fiesta.

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This is Autoline Daily for November 17, 2010 and now the news.

GM ISSUES MORE SHARES FOR IPO
General Motors announced it will increase the amount of shares it plans to make available for its initial public offering.

CHRYSLER TO REFINANCE BAILOUT MONEY
Chrysler CEO Sergio Marchionne says the automaker will refinance all the money it received from the U.S. and Canadian governments by the end of next year.

CONTINENTAL GOES DOWN MARKET
German supplier Continental says it wants to compete in the same market as the Tata Nano and other inexpensive cars because that segment is growing in emerging markets.

CADILLAC URBAN LUXURY CONCEPT
Cadillac unveiled what it calls the Urban Luxury Concept at the L.A. Auto Show. The hybrid features a turbocharged 1.0-liter three-cylinder engine and is expected to get 65 MPG on the highway.

VOLKSWAGEN EOS
VW unveiled the Eos at the L.A. Auto Show and it has a couple of distinct features.

Coming up next, we’ll take a look at the Ford Fiesta.

FORD FIESTA
Even though we’re at the L.A. Auto Show, here’s a look at my impressions of the new Ford Fiesta.

And don’t forget to check out our special coverage of the Los Angeles Auto Show. Join us TODAY for a special LIVE broadcast. We’ll be bringing you the latest news from the show floor, including interviews, the hot new products revealed and a lot more. The event kicks off at 3:30 p.m. Eastern time, 12:30 p.m. Pacific. You don’t want to miss it.

And that brings us to the end of today’s installment of Autoline Daily. Thank you for watching we’ll see you later today, and tomorrow.

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17 Comments to “Episode 523 – GM Issues More Shares for IPO, Cadillac Urban Luxury Concept, VW Eos”

  1. pedro fernandez Says:

    I know that electric power steering is the way to go, but why can’t Ford and other OEM’s make it variable, to adjust to driving, not engine, speed, this way it would be stiffer at highway speeds and give it more boost for parking, or have we become a society of wimps that can’t even turn a steering wheel?

  2. Dale Leonard,Lakewood,Ohio Says:

    I think Ford has hit a home run with the new Fiesta and is going to give the Imports a run for their money.

  3. G.A.Branigan Says:

    @ Pedro:WIMPS?? That’s putting it mildly imho.Being pc and a wuss seems to be the rule rather then the exception nowadays,and for the most part,the vehicles seem to be getting the same way.Fiber optics now? That may be old news to some but that just floored me.It never entered my mind.

  4. Jon M Says:

    What is so luxurious about such a compact little car? I don’t equate compact with luxury, at least not when it comes to cars. The Urban “Luxury” car would be another waste of money from Cadillac, just like the Escalade and their stupid version of a pickup–such a waste of money those rebadged Chevys are! The litte urban cruiser may not be so expensive, but its diva-ized dressing would be nothing more than over-priced excess. Spare, you morons at GM. You’re still as inept as you ever were.

  5. Dale Leonard,Lakewood,Ohio Says:

    BTW: Where on earth does VW come up with the names for it’s vehicles. They must have a box of letters,shake it up,dump it on a table,and whatever forms a word they jump at and call their car it. The next new VW will probably be the ZZley!!!!!

  6. dcars Says:

    I’m interested to see what Fiat and Chrysler are up to. Their small to mid range cars are Chrysler’s biggest problems. Hopefully the Fiat 500 will get into the mix and jettison the Caliber, then what do they have something to compete with the Cruze, Focus and Corrola?
    VW Eos, is an insanely expensive small car.

  7. dcars Says:

    Eos is a Greek female god. The name doesn’t seam to fit with their usual passing wind names.

  8. tj Martin Says:

    @ G.A. Branigan ; I’m waiting for them to come out with a car that blows your nose , wipes your chin after a burger , and has sex for you in the back seat . Don’t laugh . There’s probably some Geek out there right now working on those ideas and Ten Car Companies lined up to buy them .

    @dcars – Latest news about the Mexican Built FIAT 500 is the idiots at FIAT are going to call it the Cinquecento in the US . Want to make any bets how many Americans ( other than us Italian Americans that took time to learn the language ) won’t be able to pronounce it and will butcher the name to pieces ?

  9. pedro fernandez Says:

    I remember back in the good ole 70′s people used to brag when their heavy cars could be driven and parked by using your pinky to steer and I used to hate that shit. I had a VW w/o any power steering and I never had any regrets, too much over-boosting takes the fun out of driving.

  10. HtG Says:

    sink-a-center?
    chinky-cheeser?
    hyundai-like-sunday?

  11. tj Martin Says:

    @ HtG

    Took me a minute . But I’m laughing now ! :o )

    Speaking of those brilliant marketing folks at Hyundai , has anyone seen what the name of their newest car will be ?

    The Veloster

    Now what idiot at Hyundai doesn’t know that VELO 99.9% of the time is a Bicycling term ? Or are they trying to tell us Hyundai has finally given up on building pretentious Japanese Wanna Be cars and is moving on to Bicycles ?

    Still laughing HtG . Thanks . I needed that !

  12. Andrew Charles Says:

    The ULC is the vehicular equivalent of the Louis Vuitton handbag or Cartier watch—the fact that they don’t “do” anything more than a regular handbag or watch you can pick up for $30 at Walmart, doesn’t stop them from being “Luxury” items.

  13. Bob Aubertin Says:

    Hi John,
    Enjoy your show since it went online,just noticed the Chevy SSR behind you on today’s show,is it coming back? Looking forward to your Live from the L.A.Show.

    Cheers!

    Bob.

  14. XA351GT Says:

    John’s delivery seemed to be more subdued than normal. I wonder if he has jet lag.
    That Cadillac is butt friggin ugly. Wow was that designed on a etch a sketch??

  15. C-tech Says:

    The small Caddy looks interesting, a full size Hot Wheel car!

  16. len simpson Says:

    my pet peeve is the road noise that ALL uhibody/strut suspensions have.Bought a bent Terrain, applied sound deadening in every cavity & panel as I rebuilt, made absolutely no difference. Basic body shell was undamaged. No problem with fresh asphalt paving.

  17. pedro fernandez Says:

    Len I also despise road noise a lot of times it’s the tires, the more the treads are separate the noisier they are. Also putting dynamat on the floor panel and around the wheel wells helps a bit.