US Auto Manufacturers News
GM's IPO filing will take place next week. GM has delayed its filing until early next week as it waits for updates. It will also have a change in CEOs on Thursday. GM models can be found at a Port Charlotte Used Cars dealership. GM has recently announced that the company has had improved second quarter results from 2010. Volkswagen Deals offers deals on various models that are competing with GM to take bigger market shares. Washington DC Chevrolet and other GM dealers hope to benefit from the IPO which will provide GM with many more vehicle models and money for new vehicle development. GM will wait to file their IPO next week and companies that are looking to sell their shares on a public network have to go through a rigorous approval process. GM will also be changing CEOs from Ed Whitacre to Dan Akerson. The shifts in CEOs also delayed the IPO. GM has not released details on the IPO. GM will file a prospectus of several hundreds of pages which will detail the company's bankruptcy and changes it has made in order to restructure. It also will detail the risk of ownership of the company and other risk factors. The company will be added a risk factor with the departure of the CEO under these conditions which may prove to be poor timing for the company. A GM source said that pricing decisions would not be made until GM's IPO date was set and the IPO is expected to take place some time in the fourth quarter. 5 billion credit facility which is the last step before the company's IPO and the IPO will make the US government a minority shareholder in the company. At the moment, the US government owns 61% of GM.
The rear bumper is smoother than before, with a single twin-tip exhaust pipe poking out under the left side. A button on the remote key fob allows the operator to lower the roof while still walking to the car. It's a handy feature, and fun to watch the five-piece glass and metal top lower itself from outside the car. The top rises up a foot or so before the trunk lid opens and the rear window folds, and then all the pieces stack themselves and drop under the trunk lid. The process takes about 25 seconds, starting with the side windows up. Closing, in reverse order, takes about 35 seconds. The glass portion of the roof adds value, because the forward third can simply slide back and stop. So configured, it works like a conventional, albeit very wide, sunroof. Park Distance Control does more than warn of parking obstacles hidden at bumper height.
It also warns if anything will impede unobstructed operation of the top when it's opening or closing. There's almost nothing to complain about inside the Volkswagen Eos, assuming a buyer's expectations aren't too far out of line. This convertible is a subcompact car, not a mid-size or something larger. There's plenty of room for front-seat passengers, and the back seat will work in a pinch, though it isn't a particularly friendly place. The interior design and materials are attractive, and controls are easy to learn and operate. Improvements to the 2012 Eos interior are both cosmetic and substantive. The cosmetics include matte chrome detailing around the gauges and on the doors, with bright trim framing the window switches. The functional additions include a standard HD radio receiver and Volkswagen's Keyless Entry and Start System. An Eos owner can now open the doors or start the car without removing the key from pocket or purse. In general, materials used inside the Eos are very good, but not fabulous.
The plastics on the doors and dash are not the most visually attractive, but they're heavy and sturdy, and we'd guess they'll stand-up well under the heavy UV exposure one might expect in a convertible. The contrasting trim is an attractive silver-metallic plastic in the base model. The Lux and Executive models add a swath of genuine burl walnut along the lower edge of the dash and around the gearshift. Still, the Eos's real strength is immaculate fit and build precision. Every interior panel aligns perfectly, with tight connections and no visible gaps. The base Eos Komfort has vinyl seating, and we'd be perfectly satisfied owning it. VW's V-Tex vinyl is sturdy and excellently grained, not particularly sticky, and presumably care-free in an open car. The front seats are large and spacious for a relatively small car, and very comfortable. They're firm enough to grip, but comfortable over the long haul, and the side bolsters are substantial enough to keep bodies in place during reasonably aggressive driving. Window buttons and door releases are properly placed, allowing the driver to operate them with the forearm flat on the door's armrest, no wrist contortions required.
