GM told dealers yesterday that it will stay in the leasing business through August – but no commitment is being made beyond the summer. GM’s sales chief Mark LaNeve told dealers yesterday that GM will continue to offer a ‘balanced menu’ of cash incentives, annual-percentage rates and leasing programs on most of the automakers 2008 [...]
Hyundai announced today that it will team up with Rhys Millen Racing (RMR) to create the “Art of Speed” Genesis Coupe show car that will make its debut at the 2008 SEMA Auto Show on November 4th. The RMR will be one of the many 2010 Genesis Coupe models to be displayed at the Hyundai [...]
As if high-gas prices weren’t snatching enough money out of our wallets – Indiana State Police, driving around in their new 18 2008 Ford Mustang GTs, gave out more than 4,600 speeding tickets in June – an average of seven tickets a day per car. Supposedly the 18 Mustang GT troopers don’t do anything at [...]
Michael Dick, Audi’s head of R&D, says that the Q7 Hybrid has been indefinitely put on hold as the German automaker shuffles its engineering sources into developing it lithium-ion battery technology. Speaking with AutoCar, Dick said that Audi has put its nickel-metal hydride Q7 hybrid plans on hold and is working on a hybrid version [...]
JE Design, known for its tuning projects for Audi models, is now setting its sight on another Volkswagen related brand – Porsche. We’ve lost count over how many tuning packages have been created for the Porsche Cayenne, but here is another one giving the SUV a more muscular and sporty look. Besides just changing the [...]
About 650 GM employees are working on the Volt. The breakdown consists of 200 engineers, 50 designers (wow imagine 50 designers giving their input on the design of one car) and 400 working on the electrical components of the upcoming Chevrolet plug-in hybrid. According to the Detroit News, GM plans to show other employees that [...]
Spies have caught the next-generation Toyota Prius undergoing some normal testing. The images confirm that the next Prius will grow in size and won’t see any radical design changes. According to previous speculations, the next-generation Toyota Prius will be powered by a 1.6L engine with more power and better fuel-efficiency than the current models 48/45mpg [...]
GM’s ready to introduce a number of compact economy-cars in its lineup but says that customers are still going to have to indicate whether or not they’re serious about downsizing powerplant expectations. According to Thomas G. Stephens, GM’s executive vice president of global powertrain, customers have to send a signal to GM that they’re ready [...]
Lexus has announced price increase for four 2009 models including the 2009 SC 430, LX 570, GX 470 and the RX400h hybrid SUV. The 2009 LX 570 large-SUV sees the largest bump in price with an increase of 1.3 percent or $1,005 to $75,705. The 2009 SC 430 gets a price increase of $450 dollars [...]
Volkswagen reported a 7.2 percent increase to 3.31 million cars and trucks, putting it a ahead of Ford as the world’s third-largest automaker by vehicle sales in the first of 2008. FoMoCo sales fell a total of 11 percent to 3.09 million. Ford lost its no.2 spot to Toyota in 2003. Due to a significant [...]
