2000 Cadillac on 2040-cars

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Hot Wheels partners with Gucci for a diecast 1982 Cadillac Seville. Wait, what?

Hot Wheels is partnering with Italian fashion brand Gucci for a limited-edition toy car. And not just any toy car, but a 1982 Cadillac Seville. Wait, what? At first this trio of names may seem completely incongruous, but the collaboration is actually brilliant on so many levels. Out of the three, the one readers are probably most familiar with is Hot Wheels. The purveyor of $1 diecast cars has been around since 1968 and started out making 1:64 scale versions of muscle cars, hot rods and sports cars. In the 1980s, though, perhaps reflecting the 1:1 scale American automotive landscape, some of their castings choices began to get weird. Among cars like the Dodge Aires Wagon and Chevy Citation was the US of A's Mercedes-fighter, the bustle-butt '82 Cadillac Seville.  Fast-forward to present day, and Hot Wheels are hot collectibles. The little metal cars aren't just coveted by kids and adult car enthusiasts, but hypebeasts whose entire raison d'etre is to acquire limited edition stuff. Add to that an explosion of quasi-ironic interest in '80s cultural signifiers and you have the perfect market conditions for a $120 toy car printed with the mirrored G logo. But while totally uncool jokers quickly bought out the Hot Wheels and Supreme collab featuring the hypebeast car du jour, the E30 BMW M3, the Gucci Caddy is actually far more clever. That's because there is real-world precedent, when in 1978, a Miami-area dealer partnered with Aldo Gucci to create the "Cadillac Seville designed by Gucci". The car featured the luxury brand's signature green-red-green stripes throughout, a quarter-roof padded vinyl carriage top with the trademark "GG" print, and several real 24K gold emblems that were were quickly stolen. Oh, and it came with a five-piece set of Gucci luggage. However, there was also a lesser-known Gucci Seville in 1984 based on the front-wheel-drive second-generation (the one the Hot Wheels car is based upon). There is far less information on them than on the first-generation, but they seem to have followed a similar formula. Very few seem to have survived in tact, but one did make it overseas and resides today at the Museo Gucci showroom in Florence, Italy. It's pictured above. In any case, Hot Wheels never made a 1976-79 Seville, but the '82 was one of the most memorable castings of the era.

Mixed sales results, but automaker stocks rise on need for cars in Houston

DETROIT — The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their stocks higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, while Honda fell 2.4 percent. Still, analysts focused on the potential for Detroit automakers to cut inventories and stabilize used vehicle prices as residents of Houston, the fourth largest city in the United States, are forced to replace tens of thousands, perhaps hundreds of thousands, of vehicles after the devastation from Hurricane Harvey. Mark LaNeve, Ford's U.S. sales chief, told analysts on Friday that following Hurricane Katrina in 2005 "we saw a very dramatic snapback" in demand. That said, Ford sales fell 2.1 percent in August. It sold 209,897 vehicles in the United States, compared with 214,482 a year earlier. Sales were down 1.9 percent in the Ford division and off 5.8 percent at Lincoln. Demand was down for cars, crossovers and SUVs. It was not clear how many vehicles in the Houston area will be scrapped, LaNeve said, saying he had seen estimates ranging from 200,000 to 400,000 to 1 million. Ford's Houston dealers may have lost fewer than 5,000 vehicles in inventory, he said. Ford is the No. 1 automaker in the Houston market, with 18 percent share, according to IHS Markit. The company plans to ship used vehicles to Houston dealers and has "every indication we would have to add some production" of new vehicles to meet demand, LaNeve said. Investor concerns about inventories of unsold vehicles and falling used car prices have weighed on Detroit automakers' shares most of this year. Now, automakers can anticipate a jolt of demand from a big market that is a stronghold for Detroit brand trucks and SUVs. "It's got to be a positive for the industry," LaNeve said. Investors appeared to agree. GM shares rose as much as 3.3 percent to their highest since early March. Ford increased 2.8 percent at $11.34, and Fiat Chrysler's U.S.-traded shares were up 5.2 percent $15.91, hitting their highest in more than five years. GM reported a 7.5 percent increase in U.S. auto sales in August, helped by robust sales of crossovers across its four brands.

GM offering factory-backed extended warranty for Chevys, GMCs, Buicks and Cadillacs

Cars are generally more reliable than ever before. When things do go wrong, every automaker offers some form of factory warranty (in most cases at least three years and 36,000 miles, though many extend even longer), providing peace of mind to new-car buyers that many faults will be fixed at no charge to the customer. Starting today, GM is offering a new optional plan that will extend the factory warranty on all new Chevy, GMC, Buick and Cadillac products. In the past, extended warranties have been offered as dealer add-ons, with all profits from these sales going to the dealership. GM's new program can be viewed as another nail in the the looming dealership-model coffin. According to Automotive News, some dealers aren't happy to see GM cut into their business like this, saying that it helps GM far more than it does dealers. GM says the new program will help keep customers in the GM family. Customers are also more likely to visit a GM service center rather than going to an independent repair shop. Currently, new Chevy and GMC vehicles come with three-year/36,000-mile warranties. Buicks and Cadillacs are covered for 4 years or 50,000 miles. The new program extends Chevy and GMC warranties to five years or 60,000 miles. Buick and Cadillac warranties extend to six years or 70,000 miles. GM, citing IHS Markit, says most owners keep new cars for about 6.8 years, so these warranties will cover most of the length of their ownership. The extended warranty will add between $1,000 and $2,000 to the price of a vehicle, and the additional cost can be rolled into the vehicle's purchase or lease price. Unlike many dealer extensions, the factory program covers the vehicle no matter who owns it. That should help increase the car's resale value if it's sold within the covered timeframe. GM says there's no deductible and no need to file a claim form when getting warranty repairs. Additionally, dealerships can continue to sell their own extended warranties or service contracts. Related Video: