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Automotive News - January 2009

Infiniti Named Canada's Best Luxury Brand For Residual Value

Just one day after announcing another record year for sales, Nissan Canada Inc. (NCI) is pleased to accept ALG's recognition of both its Infiniti and Nissan brands. The announcement came yesterday, as ALG named Infiniti as its first winner of the overall Luxury Brand Residual Value Award. According to ALG, Infiniti is recognized with the award because its vehicles' residual values are "consistently strong, reflecting its aggressive pricing and superior quality".

Honda Canada posts record sales for 2008

With combined December sales of 10,555 units by its Honda and Acura divisions, Honda Canada Inc. reported combined sales of 171,358 units by its Honda and Acura divisions for calendar year 2008

Audi Increases Market Share for December and 2008

Audi announced sales for the month of December totaling 7,712 units. Despite a challenging marketplace, Audi appears to have outpaced most brands and will record market share increases for December and all of 2008.

Chrysler received an initial 4 billion dollars loan

Chrysler Chairman and CEO Bob Nardelli said on behalf of the leadership team, that he was pleased to report that the Company's discussions with the Treasury Department have been completed, and that today, Chrysler received an initial $4 billion loan to help bridge the current financial crisis.

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