General Motors today received the second installment of its $13.4 billion in government aid from the U.S. Treasury Department. The U.S. Treasury Department gave GM a total of $5.4 billion to help it avoid running out of cash. GM has received a total of $9.4 billion so far and is up for another $4 billion on [...]
Two days after British media reported that Ben Collins, a 33-year old former Formula Three, Le Mans, GT and NASCAR racer from Bristol, has revealed himself as The Stig – Top Gear has come out with their official word. According to a post on Top Gear’s blog, The Stig is none other than Graham Hill. [...]
How do you let everyone know that you’re the hybrid king? By kicking off 2009 with the third-generation version of the most popular hybrid to ever drive planet Earth and by launching a certified used hybrid program. Toyota announced today that it will offer a new Toyota Certified Used Hybrid (TCUH) program that will provide [...]
Ford still loves Mazda – or the other way around. Jim O’Sullivan, president and CEO of Mazda’s North America operations, said that the Japanese automakers relationship with Ford has remained unchanged and is as strong as ever. Ford reduced its ownership in Mazda from 33.4 percent to 13.4 percent last year – letting go of [...]
Mercedes-Benz announced today that its 2010 Mercedes-Benz E-Class will be available with an AMG sports package. The package adds a new front apron with large air intakes, AMG side skirts, an AMG rear apron and polished stainless steel tailpipes with twin oval design on 4-cylinder models. The 6 and 8-cylinder models will feature a twin, rectangular tailpipes [...]
Usually when you think of Audi in a high-speed chase scene you think of Jason Statham behind the wheel in Transporter. Well, that’s exactly what Audi is going for with their 60-second Super Bowl XLIII ad for next month. Audi’s “Chase” ad will feature the new redesigned supercharged A6 and Transporter Jason Statham as he tries [...]
Can Italian automaker Fiat help Chrysler become a strong company? Well, we’re all about to find out; however, investors and analysts are showing a little bit of skepticism on the newly announced Chrysler and Fiat partnership that gives Fiat a 35 percent stake in Chrysler. Analysts say that Chrysler needs cash and competitive new models [...]
Some 400 Tesla Roadster customers are really mad. In an e-mail to Tesla Roadster customers, Tesla Motors’ CEO Elon Musk said that the electric-car company is losing substantial profit on each vehicle it makes and to makeup for the loss it will start charging additional dollars for some features. Musk said that when Tesla first [...]
BMW recently confirmed that it is indeed working on a ‘M’ version of the BMW X6 crossover. A friend of our friends at Fast Lane Daily recently spotted a BMW X6 M prototype driving through the streets of Los Angeles. After a 25 mile pursuit, the BMW engineers finally pulled into a gas-station to fill [...]
Speaking at the Automotive News World Congress today, Toyota announced that it is seriously considering bringing the iQ minicar to the United States. The Toyota iQ made it debut at the 2008 Paris Motor Show last year and recently went on sale in Japan. “We think there is an urban market,” Toyota executive Esmond said. [...]
