GM Europe revamp to cost at least $1 billion, analysts estimate

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General Motors Co., facing mounting losses in Europe, will have to spend at least $1 billion to revive its operations in the region, according to estimates from three analysts.

“The cost is likely to be steep and the savings not immediate,” Joseph Spak, an analyst at RBC Capital Markets in New York, wrote as lead author in a note to investors on Friday.

RBC estimates European restructuring expenses of $600 million this year and $400 million in 2013.

GM reported on Thursday that its European business, including Opel/Vauxhall, had a $747 million loss before interest and taxes last year after losing $1.95 billion in 2010. » Read more: GM Europe revamp to cost at least $1 billion, analysts estimate

Posted in Automotive News

Classic Car Parts

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Do you remember your fist car? Or maybe a friend’s car in high school that was spectacular? That classic car you used to own can be found once again, thanks to the power of the Internet and online reproduction manufacturers.

What makes a car classic is the person who owns it. To you or me, it might look like some clunker, but to the owner, that car is a diamond in the rough, a true gem. Classic cars are getting harder to find, and some are getting harder to keep on the road as new laws make it difficult to have a classic car pass inspection.

Another problem with classic car building is trying to find the right parts that fit the vehicle. If a car made in the 1940s winds up in your stable, chances are you might be the second through tenth owner, and there is no telling what the other owners did to the vehicle. You won’t know if anything is original until you start tearing the vehicle apart trying to salvage items or while trying to retrofit some new ones.

Take for instance newer radios. When the previous owner of the vehicle bought a new radio, he indeed cut into the wiring harness ruining the length of the cables and possibly had burned some. So, it would be wise at that point to simply replace the wiring harness from a reproduction manufacturer ensuring there will be no electrical problems in the future. But where do you begin to search for reproduction manufacturers? » Read more: Classic Car Parts

Posted in Car Parts

Good Online Shops Good Online Shops

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With the Internet getting a reliable source of collecting information, gathering knowledge and even buying and selling things, it is not at all surprising that more and more people are turning to online shops to buy the products they want. Be it car parts or something else, online shops has become the fastest growing car accessory source because of the large number of people visiting them and carrying out their purchases.

It is not for nothing that lots of people choose to buy their car parts from online dealers. They have discovered the benefit of doing so as almost all the reputed auto accessory dealers have their own website to sell the products of various renowned companies. Many of the car part dealers have opened shops on the Internet to multiply their sells. This, in turn, gives people the chance to get the required car parts easily with the help of the Internet.

The process of buying a product or taking a service is very easy over the Internet. With it, one can easily search on the parts he needs to buy, know the pros and cons, place the order, get the shipping done and receive it even right from his room. There is no hassle of going out and taking the trouble of moving from one shop to another just to make a decision on which one to buy and which one to avoid. » Read more: Good Online Shops Good Online Shops

Posted in Car Parts