Sometimes trendy things go too far overboard. For example, every ‘media outlet’ wants to hand out annual awards, or even creatively create new categories to promote itself. Heck, even KarFarm might get into that game in the near future.

Ward’s Auto is famous for ‘the 10 best engines’ award. I don’t know if they are subscribing to the ‘even bad press is good publicity’ theory, but check out the list below.

This year’s winners:

  • Subaru Outback (Popular-Priced car under $29,999)
  • Infiniti M56 (Premium-Priced car)
  • Lexus HS 250h (Hybrid car)
  • Chevrolet Camaro (Sports car)
  • Chevrolet Equinox (Popular-Priced truck under $39,999)
  • Volvo XC60 (Premium-Priced truck)
  • Acura ZDX (Design Breakthrough)
  • Mazdaspeed3 (Brand Expression)
  • BMW 550i Gran Turismo (Design Versatility)
  • Porsche Panamera Turbo (Inspired Design)

What is up with these categories? Even more, what’s up with the selection of Mazdaspeed3, Subaru Outback, Acura ZDX, and Chevrolet Camaro?

Acura ZDX is borderline selection in the views of most car nuts, Outback and Mazda shouldn’t be on this list… and the most criminal entry on this list – the Chevy Camaro!

First of all, you can’t see out of a Camaro, the steering wheel is hard (even leather wrapped), plastics and switch gears are borrowed from a rental Cobalt, and the useless ‘retro’ gauges at the bottom of the center stack that nobody can see while driving…

Something tells me that the people at Ward’s haven’t really sat in these vehicles in person. Perhaps, they were comparing press release photos, but Camaro?

- KF

Courtesy of Wards Auto

Here’s something that was half way expected… the bastardization of the CTS model – and in this case, it’s not a bad thing. There’s already one in regular flavor, CTS-V, CTS Sport Wagon, and now the CTS-V Sport Wagon. The CTS is a very capable premium midsize offering from Cadillac, and the first American premium vehicle that will give the Euro/Asian models a run for the money (at least in the last 2 decades).

The CTS styling is at or near the top of the crop, at least at the moment. It is very attractive, athletic, and masculine without turning off the female buyers. The CTS-V Sport Wagon is the best looking in the premium wagon (or any wagon) segment, by far. Whoever designed the CTS Wagon deserves a raise, seriously!

Some testosterone-laden numbers to go with this beauty are as follows:

- 556HP/551TQ Supercharged 6.2 liter V8 engine
- 6 speed manual or 6 speed automatic with paddle shifters
- Brembo Brakes with Michelin Pilot Sport PS2 tires

Like the Toyota Sienna ad tagline… Daddy like!

The CTS-V Sport Wagon will be a limited availability starting in late 2010 as a 2011 model.

- KF

The first Daewoo car in the U.S. was the 1988 Pontiac LeMans, which was sold until 1993. Six years later, Daewoo decided to enter the U.S. market under its own name. There were three vehicles sold: The Nubira (sedan and wagon), the Leganza sedan, and the subcompact Lanos hatchback and sedan.

The little Lanos was powered by a 1.6-liter DOHC engine making 106 hp through either a five-speed manual or a four-speed auto. Most automotive journalists said the Lanos was slow and unrefined, and drove like a car that was already several years old. However, handling was better than average. Fuel economy was 22 city, 32 highway. Daewoos also got roadside assistance. There were a few different models throughout the years including S, SE, SX, then later, Sport trims. Options included ABS, A/C, power windows, tachometer, alloy wheels, and more. Overall, the vehicle was not well liked by the automotive press.

When gussied up with Sport trim, the Lanos didn’t look too bad, in my opinion; I actually kind of liked it. You could get attractive five-spoke alloys, a sporty front end, rear spoiler, and even red leather seats and trim. Super Street magazine did a feature on a supercharged Lanos from Australia, and titled it the “Howler from Down Under.” It had 17″ wheels, lowering springs, and a host of other upgrades. However, the Lanos never got much of the tuner treatment in the U.S.

Compton, CA-based Daewoo Motors America initially went with a nontraditional method of roping in buyers. Instead of an extensive dealership network, the company recruited college students to promote the vehicles. However, eventually, dealerships started to pop up, and Daewoo dropped the student promoters. In 2000, Daewoo declared itself “the fastest growing car company in America,” with a sales increase of 123% over 1999 sales (source). In 2001, Daewoo sold 15,619 Lanos models (source).

But even as Daewoo—the second largest Korean conglomerate behind Hyundai—entered the U.S. market, the company was in a messy financial situation, and declared bankruptcy in 2000. (Daewoo’s collapse remains the largest corporate failure in Korean history.) In 2002, General Motors bought a large part of Daewoo Motors, but not Daewoo Motors America, and thus DMA declared bankruptcy. This left the dealerships in limbo, and owners wondering what will happen with parts and service.

The Lanos was essentially succeeded by the introduction of the 2003 Chevrolet Aveo, which was (and still is) built by GM Daewoo in South Korea. American Suzuki was also saddled with GM Daewoo-built vehicles (Forenza, Reno, Verona) until 2008. And although the Aveo has gotten better over time, once again, there is only one Daewoo on the U.S. market, and it is again sold under a GM brand—just like the Pontiac LeMans.

Daewoo owners can still find parts by visiting www.daewoous.com.

Courtesy of our content partner: Subcompact Culture

Milestone Vettes, parked at the Corvette Museum.

Milestone Vettes, parked at the Corvette Museum.

Amid quite a lot of fanfare, GM employees at the Bowling Green plant have something to smile about in these tough times. They just finished the 1,500,000th Corvette. Bowling Green might still be taking a production break, GM might be in Chapter 11, but let that sink in again. 1.5 million Corvettes. That is something to be proud of.

While slow and steady will not win a drag race, it’s how you win a production race. Finding homes for an average of 27,000 Corvettes a year might not seem like much, but remember that the car has been an expensive toy, living through numerous wars, economic slow downs, and oil shortages, while still bouncing back. Sure, Volkswagen may have produced 1.3 million Beetles in 1971 alone, but we’re talking about a car that people actually want to drive. Plus, if GM weathers the storm, all it needs to do is build the Corvette for another 9 years to tie the production run of the little Beetle. Not bad for something that never promised cheap, reliable transportation to the masses. It’s also impressive to realize, that while the Corvette is America’s go to sports car, in most other countries, you’ll find more Ferrari’s around than Corvettes.

In production close to 60 years, the Corvette recently has been back in the headlines for numerous reasons. Take the monster we call the ZR1, that has dominated the competition on not only performance, but value. The now forgotten Z06 has faded out of the limelight with the introduction of the ZR1, but back in 2006 (and still to this day), offered performance rivaling cars in twice the price range. Now, Chevrolet is reintroducing the Grand Sport, which offers Z06 looks, better than Z-51 package performance, and a starting price of only $55,720. Not bad for a car that pulls 1.0g on the skidpad, and rips from a stop to 60mph in less than 4 seconds.

KarFarm would like to say congratulations to the Corvette, and the men and women at Bowling Green who are building them today. You’ve kept an American icon alive and fresh, and we couldn’t be prouder.

-KF

It’s time for another Rank list.  Some vehicles are just milestones that symbolize a certain decade. Our first Rank article will delve into the 1990′s. This decade is defined by the following items – The Simpsons first aired, Beavis and Butthead were a huge hit, parachute pants, big bang hair, sweet mullets, and hip-hop music became mainstream. The criteria of this list are that they had to be introduced and sold in the U.S. market between 1990-1999.

saturnsc2Saturn SL/SC – An upstart company, in the mid-80′s, had a vision of affordable cars with customer service that rivaled luxury brands. GM incubated this new startup carmaker, and when they couldn’t sustain itself, GM took over the operation. By creating cheap (if not mediocre) cars with no haggle pricing and great customer service, Saturn hit a home run. While the brand is dead today, there is no debate that these inexpensive cars with their plastic dent resistant panels represented a huge leap forward from GM. It’s not uncommon for these little guys to run abused past the 200k mile mark, and keep on chugging, proving that America can do cheap and reliable, just like their rivals from across the Pacific.

98lexusls400Lexus LS 400 – Toyota took a cue from Honda, who created the Acura brand to market its upper class vehicles. The formula was simple: take what the Germans do best, and shove it back in their smug faces. Who thought a brand known for making fun little tin cans could whip up a hyper luxury car that could offer more than an S-Class or 7 Series? They did that and more, all while undercutting their price point. Known for stone cold reliability (something that began to elude the Germans in the 90′s), it’s common to see neglected LS 400′s still running around, hundreds of thousands of miles behind their bald tires. It’s a fair bet to make that there is still some money left in their owners’ wallets.

boxster_07Porsche Boxster – The Boxster was the car that Porsche has been wanting to create for 30 years. It’s no secret that Porsche’s been trying to replace the fabled 911 for about 30+ years, with cars like 924, 928, and 944. They wanted to remain loyal to their purists, but needed to branch out and diversify their lineup. Offering awesome handling, precision steering, adequate power, and a open-top motoring experience, the Boxster was a hit. It was actually such an immense hit that Porsche actually decided to make all their cars resemble the looks of the Boxster (see the 996 and Cayenne). Without the Boxster, Porsche as we know would not exist today. The Boxster took a car company that was getting stale and perceived as a one-horse wonder, and made them relevant again.

1996fordexplorerFord Explorer – While some kids might have been attacked by a T-Rex in one, this was the favorite kid hauler of the 1990′s. Too old to want a wagon, too hip to drive a mini van, Americans turned to the SUV. With promises about adventures off roading and camping, Ford sold more Explorers than expected. Sadly though, most of these lived only on paved roads, with the occasional dirt parking lot at a Spice Girls concert. In the 1990′s, if you were the hip Dad rocking out to Candlebox on the way to preschool, chances are you were driving an Explorer XLT or Eddie Bauer.  Don’t let the Firestone debacle scare you (*cough cough bad drivers*), these were excellent trucks.

gmev1GM (Saturn) EV1 – The second Saturn vehicle on this list; strange ain’t it? The all-electric EV1 could be the car that started the downfall of GM. The Saturn EV1 showcased the American ingenuity and forward thinking. GM correctly marketed this vehicle as a Saturn, because in 1996, the Saturn brand was a ‘forward thinking’ company. Since the EV1 only could be leased, and not purchased, the demand was artificially deflated. The cancellation of the EV1 program is also highly controversial. The conspiracy theorists state that the GM brass decided they couldn’t profit from servicing these vehicles (no oil changes or tune-ups), basing their information from typical dealership service department hearsay. The arrogance and the greed of GM and its dealers killed the EV1. Soon after the death of EV1, the Prius took over as the halo ‘green car’ while GM was rolling in cash from selling SUVs and trucks.

c5corvetteChevrolet Corvette (C5) – GM might have shot the interior out of a plastic shotgun full of various borrowed parts, but under all of the plastic, cheap leather and balsa wood is where this Corvette trounced all others behind it. With an obtainable entry price, unending power and torque from the LS1, and a T-56 transaxle to route the power, the C5 had the go fast bits ready. What really set this apart though, was the hydroformed chassis, which was an elegant solution to the complex frame design. No longer did the interior make noise like crickets finding each other in a hurricane, and no longer did your chassis flex your contact patch away mid corner. Predictable and high limit handling, with plenty of acceleration, you had to spend a lot more money back in the 1990′s to beat the C5′s performance in any regard.

vwnewbeetleVW New Beetle – The public as a whole buys cars on looks (well, Ramblers did sell…), and there is no smarter way to pack your showrooms than remake a car everyone loved. Since almost everyone has a fond story of a Beetle, it only made sense to fill showrooms with people who want to have another cute mobile. Whether or not the 2.slow engine was a boat anchor, or the interior had an aircraft carrier sized dashboard, this car simply made people smile, and remember their beloved cars of the past. Did you hear the last part Ford and Chrysler? That’s right, the formula is proven, people like retro cars, so feel free to make all the PT Cruisers and Mustang GT’s you want, with some retro Camaros and Challengers in there for good measure.

99vwjettaVW Jetta/Golf - These cars allowed journalists the ability to combine the term dash stroker and frugal in the same sentence. For years, fully grown men realize they have made it in life when the pure act of sitting inside their Lexus, BMW, Audi or Mercedes is just as fun as driving it. The quality of materials, the softness of the materials, the seamless stitching, and the plush headliners all add up to a tactile overload that shows the world you cashed in your Corolla, and now you commute with style! Well, along came the MkIV, and it threw a wrench the size and shape of a big yellow couch into the works. All of a sudden every kid with a cosigner could lease one, and extol the virtues of soft touch plastics to their lesser brethren just like their dear old dad can with his Bimmer. What this did for everyone else is set the standard high for what is expected out of a commuter, and dash strokers around the world rejoiced, as it’s pretty hard now to find a commuter car without a nice interior. Suddenly the economy car wasn’t the penalty box it used to be.

1990-96-nissan-300zxNissan 300ZX Turbo (Z32) – Before the 1990 300ZX Turbo, Japanese sports cars were considered second class citizens. This Z car though, was low slung, wide, powerful, featured timeless design, and made a huge statement. It not only revitalized the Z fan-base, but it attracted a whole new clientele. Even people who didn’t necessarily like Japanese cars were inclined to give the Nissan at least a look or two. The Z had a twin turbo engine and a 4-wheel steering system, the two features that the Japanese rivals copied – the 3000GT, Supra Turbo, RX-7. Even GM felt the kick in the ass to make the next Corvette (C5) better, and the ‘Super GT’ class was born.

4a1BMW 540i (E39) – While we wanted to cheat and put the M5 in here, and against the fact that it was delivered in the states in late 1999, the M5 truly is a 2000 model year. What spawned this monster of a car, with 400hp, a manual transmission, and an interior even a MkIV owner would drool on? It’s little brother, the 540i. The horsepower war in the family sedan segment had seemed to have stalled out in the late 1990′s, as BMW and Mercedes waited for one another to show their hand for their next ‘Bahn Stormer. In the mean time, nothing defined the perfect daily driver like a high HP, RWD, manual transmission BMW. Back when the looks were elegant and understated, when the interiors were not blistered with i-Drive humps, you could get a 155mph family hauler that was just at home in your daily commute as it was pounding your favorite back roads. Executives all over the world love their toys, and leasing a 540 in the 1990′s while your M5 was on order was the smartest way to keep your wife happy with a family hauler, while having all the fun you wanted on the side.

Honorable Mention
Not quite the Top 10… but these vehicles were quite significant for the decade and/or its company.

1996hyundaitiburonHyundai Tiburon – Even after the introduction of the Tiburon in 1996, the general public thought of Hyundai as a cheap, junky cars. The boys in Seoul decided to make a stronger presence in the world. The only way to get any respect was to up its quality. Good thing, since the Mitsubishi owned Hyundai was finally able to stand on its own. The Tiburon replaced the Scoupe (which had a good track record of racing), and slowly reversed its shoddy image. They soon introduced the 10-year warranty, the third generation Sonata, and even Consumer Reports reliability ranking caught up to Honda’s level. The Tiburon was Hyundai’s halo car before the Genesis, and it signified the start of Hyundai’s 10+ year meteoric rise.

1995maximaNissan Maxima (A32) - The car itself wasn’t spectacular in any sense. It could be argued that this generation of Maxima almost made Nissan bankrupt. But this car is on the list for one thing, this stale-looking Japanese mid-size car can hit 0-60 in 6.5 seconds, all thanks to its engine. The mighty VQ30DE engine might be the most important engine in the last two decades. This V6 engine was developed for the German Touring Car Championship racing circuit, and was dropped into the American market Maxima. The race engine was super smooth, powerful, and extraordinarily light. Until the VQ30DE, the general thought was that the inline-6 engines were the way to go for smoothness and power (BMW and Toyota). Not only this engine made the list of many automotive publications’ top engine list, but found its way to just about every Nissan/Infiniti vehicle on the market today. It’s taken nearly two decades for the other manufacturers to catch up to the VQ.

hummerh1AMG Hummer – Ever thought what it would be like to build a suspension from bridge girders, fire Stinger missiles from your roof, or lead an attack through the desert, all while getting 8mpg? If this was your fantasy back in the 90′s, this was the truck of choice. With the ability to maul unpaved roads like a Cougar at ladies night, nothing short of narrow trails stopped the H1. Loved by our favorite Terminator, hated now by anyone who hugs baby seals and loves mother earth, the H1 was a way to make a statement that you were a pure, unadulterated, bad ass. While it wasn’t quite 12 yards long, or two lanes wide, it was close to 65 tons of American Pride.

-KF

Here are the parameters – under $2,500, under 25 years old, and tuner friendly. These cars can be picked up easily, and provide the owner with a unique and fun driving experience. If you are looking for a cheap way to get into racing, a mountain rat, or a commuter, any of these will put a smile on your face.

Here are our top cars, listed in alphabetical order:

The yuppie mobile lives.1985-1992 BMW 325i (E30)
The yuppy mobile from the 1980′s has become quite a favorite beater. With powerful inline 6 cylinder engines, smooth shifting manual transmissions, and just the right amount of built in oversteer, the E30 is one part daily driver one part canyon carver. Maybe that’s why it was so popular in the 1980′s. Check for head gasket leaks, worn suspension bushings, and electrical gremlins.
-Torquey and wonderful sounding engines
-Balanced chassis with crisp turn in
-Engine bay can swallow any engine BMW has made
-Robust drivetrains will survive an atomic blast

Big V8 power on the cheap

1993-1999 Pontiac Trans Am/Chevy Camaro Z28 (F-Body)
The car that typifies American muscle. LT1/LS1 engines are near bullet-proof and are insane torque monsters. The torque makes it more fun to drive than the Mustang, but it is generally not as reliable as the Mustang.
-Durable, abuse proof drivetrains
-Tall 6th gear means no highway fuel mileage penalty
-Lots of mechanical grip, and can be driven very hard in the right hands
-High RPM launch will produce more smoke than a volcano
-Once something fails, parts are easy to find

Cheap, RWD, and a covertible to boot.

1992-1998 Mazda Miata (NA)
This is the sports car that the British companies have been trying to make for years. A spiritual successor to the MGs, but patterned after the Lotus Elan. Be sure to get the 1.8 liter engine, as the 1.6 liter is too weak for the U.S. roads. The cloth tops can be high maintenance.
-Modern Japanese interpretation of the famed Lotus Elan
-Immense aftermarket support
-Nimble, durable RWD car is perfect for track days or autocrosses
-Numerous engine swaps, with a chassis to match the power

The sweet whine of a rotary.

1986-1992 Mazda RX-7 Turbo II (FC3S)
The poorman’s Porsche 928, it was probably the last vehicle that Mazda designed without Ford’s intervention. Lightweight chassis with a strong rotary engine. A very capable handler, the RX-7 makes a living in the mountain roads, and is a very underrated car. Only downers are the finicky engine, as it  tends to burn oil, and the apex seal can be a wallet opener.
-Lightweight
-Smooth and strong transmission
-Powerful turbocharged rotary engine
-Good aftermarket support
-Very nimble and tossable

Weld the diff, and drift into the sunset.

1989-1993 Nissan 240SX (S13)
Since the rise in popularity of drifting, the S13 and S14 240SX/Silvia/200SX models have been the king of drifting circuits. The car provides the driver with ultra-reliability, near-perfect balance, forgiving handling, and lightweight chassis. The timing chain guides are the weak point in these cars.
-Huge tuning community
-Easy engine swap candidate i.e. RB, SR, KA-T
-Reliable
-Easy to tune out the inherent understeer
-Prime drift vehicle

Exciting, nimble and reliable FWD fun.

1991-1994 Nissan Sentra SE-R (B13)
Heralded as the new BMW 2002, it made numerous publications’ ‘best of’ awards. Now a cult-classic, if you can find one in a good condition, it is simply a blast to drive. The SE-R is prone to rust and 5th gear grind problems.
-Indestructible SR20 motor
-Revs nicely to its high redline
-Independent rear suspension
-Lightweight
-Nimble and responsive steering
-Mods aplenty

Try hard, and you'll spin all four tires off a stoplight.

1990-1994 Mitsubishi Eclipse GSX/Eagle Talon TSi/Plymouth Laser Turbo AWD (1G)
The first affordable supercar. It handles great, looks good, and can be very fast. This is the predecessor to the Mitsubishi Lancer Evolution. Be wary of the horrible blindspot in the C-pillar, and modded/high mileage engines that can blow up (dreaded and debated crankwalk).
-All-wheel drive fun
-Easy to tune for high HP numbers
-AWD models make for brutal launches
-Can easily convert the non-AWD models to AWD via GSX parts

Best way to enjoy mid engine fun without buying a Lotus

1985-1994 Toyota MR2 (MkI & MkII)
In the early 80′s, Lotus contracted Toyota to develop a high performance engine for a lightweight mid-engined vehicle (does that sound familiar? – Lotus Elise). Lotus and Toyota soon broke off the contract and Toyota was stuck with the project. Hence, the MR2 was born – the father of Lotus Elise. First generation has leaky t-top seals, and second generation cars can have unpredictable handling.
-Cheap, fun way to get a mid-engined car
-Easy and plentiful Toyota motor swaps
-Insane lateral grip
-Aftermarket air intake snorkels that can catch dinner

Clean lines, great power.

1986.5-1992 Toyota Supra Turbo (JZA70)
It was once touted as Japan’s Corvette fighter, but it’s actually a rival to the Nissan 300ZX. The Supra sports clean lines, a great presence on the road, smooth powerful turbocharged inline-6 engine. However, it is a heavy car, and t-top seals can leak.
-Excellent engine
-Nice interior
-Very high HP capability
-Great high speed stability
-Smooth shifting transmission
-Phenomenal cruising car

Favorite for cheap tuning, and autocross finesse.

1986-1992 Volkswagen GTI (A2)
The original hot-hatch, the car that started the genre. After this car, came a explosion of affordable hatchbacks with high performance capabilities, especially in Europe. Based on the Golf platform, parts are easy to obtain, and the GTI is very tossable for a front-wheel drive vehicle. Some electronic gremlins might come into play.
-Lightweight, very nimble
-Autocross monster with basic mods
-Brisk acceleration with a 2.0L 16V
-Popular chassis means major mods have a proven path

Honorable Mentions:

1985-1987 Toyota Corolla (AE86)
Would have been in the top 10, but it is too old and the average one is well above our price cap thanks to Takumi and his tofu delivering fans.
-Short wheelbase, RWD fun
-Legendary handling
-4A-GE can be swapped easily for a more potent unit
-Ability to drift while delivering tofu
-Can flip for a profit if you find someone selling one who doesn’t understand the drifting craze

1987-1993 Ford Mustang (Fox Body)
5.0! Need we say more?
-Dirt cheap
-Reliable, and resistant to abuse
-Super cheap to make it fast

1988-1991 Honda CRX Si (ED9)
Economical, quick, fun, and reliable.
-Design ancestor to both Honda Insight and Toyota Prius
-Very reliable
-Auto-Cross worthy, fun front-wheel drive chassis

-KF

hyundaiassuranceHyundai started it all. The Hyundai Assurance was the genesis (no pun intended) of the ‘payment protection plans.’ Now Ford has one called Advantage Plan and GM named theirs Total Confidence.

The TV ads seem so sympathetic towards the consumers and are well produced. They all look genuine, but they don’t tell you what the really important details are.

So which one is the best? Not withstanding the vehicles, of course, we will detail out the three plans, and we think you should be able to figure out which one is the best for you.

Hyundai – Assurance
-Hyundai will give you $500/month for 6 months
- Must have made at least 2 payments and is current on payments
- Can be financed with any bank or financial institutions
- 12 month coverage
- Anyone is eligible including the self-employed (only if bankruptcy was filed)
- Covers up to $7,500 negative equity

Ford – Advantage Plan
- Must be combined with Ford Motor Credit’s 0% financing program
- Ford Motor Company pays Ford Motor Credit directly up to $700 per month for up to 12 months
- Must be a full-time paid employee on the job for more than 90 days; part-time or self-employed not eligible

GM – Total Confidence
- GM pays the bank or financial institution up to $500 per month for up to 9 months
- Leases are covered for the payment protection but not the vehicle value protection
- Must be a full-time paid employee on the job for more than 12 consecutive weeks prior and 90 days after purchase; part-time or self-employed not eligible
- Vehicle Value Protection covers only if you trade it in for another GM vehicle and they will cover up to $5,000 negative equity if traded-in to a GM dealer, or $2,500 for private party sale
- Will not cover all the negative equity if you have financed more than 110% of the MSRP

A few things to note. Hyundai’s plan seem to have the least amount of restrictions. If you have lost your job, you sell the car back to Hyundai and walk away. Then, Hyundai will cover up to $7,500 of negative equity. You pay the rest if the negative equity is more than $7,500. Also, if you are self-employed, obviously the best bet is Hyundai.

Ford’s plan has a big catch. You must be able to qualify for and take advantage of their 0% financing program. If you don’t qualify and decide to use another bank, credit union, or home equity loan, then tough luck for you. Furthermore, let’s say that  you cannot find a job for more than 12 months, you’re stuck with the car and the payments.

Lastly, GM’s plan has the most particulars and the least coverage. After 9 months, you might be stuck with the car and the coverage… that’s if you have met all their guidelines.

-KF

JudgeKarFarm recently showcased some of the ways GM is planning to survive these tough times, but now the writing has been set in stone. GM has amended and updated their original Viability Plan, which was released back in February. With this update, they have narrowed their focus, and have a swift plan of attack to keep their ailing company afloat in the rough seas they found themselves in. While their future is uncertain still, one can only hope this is the keystone to keep their empire from crumbling.

Building off their previous releases, their updated viability plan cements the brands that will continue. Chevy, Caddy, Buick and GMC will soldier on as mentioned in the past, but the news here is the confirmed death of Pontiac. By the end of 2010, Pontiac is dead in the water.

To mourn the future passing of a great American brand, let’s take a look at some of the highlights of Pontiac throughout the years. Since 1926, they have had many noteworthy models, and here are the best.

1958 Bonneville Coupe: With options weaned down from the launch year 1957, the Bonneville was a fairly affordable, stylish car, with a Tri Power V8 engine. Used as a Pace Car for the 1958 Indianapolis 500 race, it was a radical and needed change to their lineup.

1961 Tempest: From the innovative torque tube drivetrain (seen used again on the C5 Corvette), to fully independent suspension, the Tempest was a technical marvel brought to the light by John DeLorean. It went on to win Motor Trends “Car of the Year” award that year. It’s optional and very rare 215 C.I. (3.5L) Aluminum Alloy V8 went on to live a long successful life throughout GM, and later in various forms throughout British Leyland/Rover products. Finding a Tempest with the 3.5L will stop most car collectors hearts.

1969 GTO “The Judge:” The ultimate GTO offering from Pontiac. It took the first true muscle car, and upped the ante. With a Ram Air III engine, Hurst “T” shifter, wide tires and a slightly functional rear spoiler, it was the best of the breed. Pontiac’s clever marketing team had a lot of fun with this name, making clever ads to help ensure successful sales in a saturated market.

1988 Fiero GT: While not fondly remembered, the Fiero was a fantastic car. Pontiac broke the mold with it’s mid engine drivetrain, responsive handling, but best of all, low price. In 1988, the Fiero GT offered great straight line performance, accurate handling, better brakes, but sadly marked the end of America’s foray into high volume, mid engine production.

2002 Firehawk: Pontiac gave a Firebird to SLP, and this monster was the result. With up to 345 under-rated horsepower on tap, this was the quickest modern Firebird produced. Bald faced kids can get one of these to run a low 13 sec 1/4 mile, and the pros can trip the lights in the 12′s.

2008 G8: Swiftly replacing three models at once, this RWD beast from Down Under is recommended for it’s high performance to dollar ratio. As a slightly reworked Holden Commodore, a car that has done battle with BMW’s sublime 5-series for years, you get gobs of horsepower, optional manual transmission, power going to the correct wheels, and a low entry price.

It’s been a fun ride Pontiac. May you rest in peace in the big drive in up in the sky, with nothing but “Smokey and the Bandit” and “Knight Rider” playing on the big screen. We’ll miss you.

-KF

The US-bound Mark VI Golf GTI. Photo courtesy of VWVortex.com.

The US-bound Mark VI Golf GTI. Photo courtesy of VWVortex.com.

In the middle of GM’s meltdown, government bailouts, mergers and sales, there is a real battle for market share brewing. While GM slowly slid down the slope in global sales, Toyota took over the throne. Positioned right behind Toyota, Volkswagen is charging up with their fangs out. While everyone is taking a blow from the economy, Volkswagen is ready to pounce.

The car market might be stuck in the doldrums, but it’s all about market share. VW has had an 11.4% reduction in global sales, but that percentage is a lot less than many of the other cars they compete against. Even though sales are down, the wind isn’t out of their sails like it is for Toyota. The Japanese giant has taken a huge blow recently, with first quarter sales estimated down by 47%. Suddendly, playing catch up isn’t too tough for our friends from Germany.

With credit sources as dry as the Sahara, Toyota has been hit hard in their biggest markets. Volkswagen on the other hand, has seen strong growth in a key markets. Germany has been handing out $2,500 Euro vouchers to anyone who gets rid of a nine year old car for a new one, and many other European countries are offering similar programs. This really has given VW the homefield advantage. Sales in Brazil (which has a VW production plant), and the booming car market in China has only added to their strength.

It’s been quite a juggling act, with huge automakers rising and falling. VW has hopes to beat Toyota at world domination by 2018. We’ll see if they get juggled to the top or get dropped in their quest for success.

-KF

GM logoIt’s no great secret that GM is in dire straights. They’ve been recently dethroned as the largest auto manufacturer, they are teetering on the edge of Chapter 11, and the government had to step in to back their warranties. Any company that needs a program like that isn’t positioned for success, or able to instill consumer confidence.

While many people want to see GM go away for good, most of their arguments are a little short sighted. The company shaped automotive styling for decades, influenced a generation of muscle cars, not to mention produced aircraft during World War II. This isn’t a mom and pop hardware store that got run out of business by Home Depot, this is a company rich in history in modern America. Capitalism allows for the free fall and destruction of companies, but what should GM do to prevent this?

First off, they are going to give the big ugly axe to a few of their lineups. By 2012, prepare to see only Chevrolet, Buick, Cadillac and GMC surviving. Saab? On sale. Saturn? Back to being just a planet. Pontiac? Maybe a niche brand, maybe gone all together. The fantastic G8 sits on lots, the Solstice isn’t selling at a record pace, and the G5 and G6 might drive quietly into the sunset.

Keeping a pulse in the veins of GM will take a bit more than that, but it’s a great start. The amount of money siphoned off to keep different brands afloat is trimmed, car designs can be more focused, as there really isn’t market share for everything they have. The cross pollination of brands can be cut to a minimum, and sales can be based on one model, rather than the same chassis sharing multiple badges.

The cost cutting isn’t going to end there however. With the UAW and lenders hopefully seeing the writing on the wall, GM has the possibility to whittle their debt down by half. Combine that with the closure of manufacturing plants and dealerships, some more bailout money, and you might have a solution to a very complex, and large problem.

Just as my grandfather remembered GM brands like LaSalle, hopefully GM can sort through this mess so I can tell my grandchildren about long dead GM brands like Pontiac.

-KF