Word: detroit
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...fabulous Mustang. The Camaro made waves quickly, because buyers had the option of muscling it up with GM's big-block V8 engines, turning a sporty 4-seat roadster into a street monster and track regular. Mustang had the name; but Camaro had the horses. Like many of Detroit's muscle cars, though, Camaro was doomed by paunchier styling and performance over the years, and the car's blue-collar fans drifted away to pickup trucks and sport utility vehicles. Slow sales doomed...
From its one-piece rear quarter panel to its independent rear-suspension, deep-dish steering wheel and comfortable interior, the new Camaro goes well beyond the old-fashioned "Detroit iron" of the 1960s and '70s. The new Camaro is powered by either by an old school, 426-hp V8 or an up-to-date direct-injection V6 engine that produces 29 m.p.g. and 304 HP in one package. During TIME's test drive, the Camaro showed that it blends the responsive feel and precise handling found in European road cars with raw American power, easily mastering the twisting, rural...
...back the date of the company's annual meeting unit to August from June. Once it gets final approval of $21.6 billion in new federal loans, the company can have a future to talk about. GM isn't planning anything fancy for the meeting - it will be held in Detroit to save travel costs. "The board felt they would be in a better position to give some perspective on the progress we're making on our restructuring," says GM spokeswoman Julie Gibson of the delayed meeting. "We've got a lot going on right...
Read about the CEOs behind Detroit's Big Three...
...been in the middle of quietly challenging the government's plan to close it down for three months now. The Administration has now sent its car experts to Detroit, and they have said that a bankruptcy of either GM or Chrysler is undesirable. They did not elaborate much on this analysis, but, from the standpoint of the car companies, they do not need to. It is enough that the blue chip analysts sent by the President to evaluate the car companies have a belief system that matches the one in The Motor City. (See pictures of the remains of Detroit...