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img-4The Toyota Camry and the Honda Civic, the top-selling mid-size and compact cars in the U.S., face risks of reduced production as inventories of the models rise, an RBC Capital Markets report said.

Toyota’s Camry exceeded its seasonal historical average inventory by more than 15 days supply in June and Honda carried about 25 days more Civics than usual, Joseph Spak, a New York-based analyst for RBC, said in today’s report. Camry and Civic were the only models identified as at risk for reduced output among 16 of the top-selling vehicles in the U.S. market. General Motors Co., Ford Motor Co. and Chrysler Group LLC all added U.S. market share in the first six months of 2013, the first time that all three gained first-half share in 20 years. Models such as GM’s Chevrolet Cruze compact and Ford’s Fusion mid-size sedan, leading Detroit’s most competitive [...]

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Proper alignment improves handling, stopping, fuel economy and tire wear. Only one shop in 100 has the expertise, and equipment, to provide the best alignment services. We have it. We even have the capability to align the most difficult vehicles.Keep your vehicle running like new with proper maintenance. We specialize in saving you money through proper maintenance. We are helpful and friendly in giving you the options you want to make preventative maintenance affordable and easy.Bring in your DMV renewal notice and we do all the rest. We also perform smog inspection repairs. We perform a complete diagnostic of all systems before repairs are performed to save you time and money.Hybrid vehicles are becoming more common today. Not all auto repair companies can properly service them. Olde 8 Automotive is at the forefront for Hybrid service in Northeast Ohio. We are trained, experienced, qualified and equipped to provide the type of service you need for your hybrid vehicle.Olde 8 Automotive has the expertise to ser [...]

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Since 1986, Olde 8 Automotive has been a family run business from the front counter to the service bays in back. Our family knows how important your vehicles are to the life and activities of your family. Whether you wait in our comfortable waiting area or keep moving with a loaner car, you can be assured that your vehicle is in the hands of highly trained automotive specialists who will give it the care it deserves. Our Services Services Offered

No jobs are too big and no jobs are too small. We specialize in providing the right maintenance that keeps your car running smooth and dependably.

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We service most makes and models of cars, light trucks and SUV’s.

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If there’s no time to wait for your vehicle to be serviced, Olde 8 Automotive offers FREE and convenient local shuttle service and FREE loaner vehicles to get you where you need to go.

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Fiat exercises option to buy additional 3.3% of Chrysler shares

Purchase brings closer a merger of the two automakers

img-5Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.

The move is part of CEO Sergio Marchionne’s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.

Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker’s retirees.

Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.

Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.

Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros ($903 million) [...]

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