"What do these automobile acronyms " joke

What do these automobile acronyms actually mean?

Here goes….
AUDI: A Used Dodge Incognito
BMW: Bavarian Money Waster
BUICK: Big Ugly Idiot`s Cat Killer
CHEVROLET: Can Hear Every Valve Rattle, Oil Leaks Every Time
CHEVY: Cheapest Heap Ever Visualized Yet
CHRYSLER: Chrysler Has Raped Your Sanity Loser - Expect Repercussions
DAEWOO: Damn Asian Engineering Works Only Occasionally
DODGE: Dear Old Dad`s Garbage Engine
FIAT: Fix It Again, Tony
FORD: Ford Owners Recommend Dodge
GM: Genital Motors
HONDA: Horribly Overpriced, Needing Dad`s Assistance
HYUNDAI: Hang Your UNDerwear Anywhere Inside
JEEP: Junk Everyone Eventually Piles
KIA: Korean Industrial Accident
MITSUBISHI: Manufactured In Taiwan Sold Under British Influence Shipped Here Incomplete
MOPAR: Move Over People Are Racing
NISSAN: Need I Say Something About Nothing
OLDSMOBILE: Overpriced, Leisurely Driven Sedan Made Of Buick`s Irregular Leftover Equipment
PONTIAC: Plan On Numerous Trips In Another Car
FORD: Falling Off Road Daily
HONDA: High ON Do it All
GMC: Gay Man`s Cadillac

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Dear Mom and Dad,
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Tom:Ford: fix or repair daily
Funny Joke? 10 vote(s). 70% are positive. 1 comment(s).