Over the weekend GM unveiled the details on the new 2010 Cadillac SRX. Now GM has released two videos of the 2010 SRX – one video shows some driving footage while the other shows executives giving viewer a closer look at Cadillac’s recent compact crossover. The 2010 Cadillac SRX will be offered with a choice of [...]
After increasing its share to 42.6 percent, Porsche Automobil Holding has finally raised its stake in Volkswagen AG to more than 50 percent leading to a mandatory takeover of the largest German automaker. According to Reuters, the additional 8.15 percent stake was worth about 6.1 billion euros ($8.49 billion USD) on the stock market on [...]
Toyota announced today that it will halt production at its Japanese plants for 11 days in February and March due to a strong decline in U.S. sales that are leading to inventory pile-ups for dealers. Toyota reported a 37 percent loss in December sales in the U.S., making it the sharpest fall in more than [...]
Jaguar, now owned by Tata Motors, celebrated the end of 2008 with the 2010 Jaguar XF Diesel S. The new XF Diesel S is powered by a 3.0L is available in two version with output ranging from 240-hp and 275-hp. It is said to be Jaguar’s most advanced, powerful and efficient diesel engine ever. According [...]
Hyundai Motor America has killed speculations and rumors that it will build a convertible version of the 2010 Hyundai Genesis Coupe. According to Miles Johnson, manager of product public relations, a Genesis Convertible was never in Hyundai’s pipeline. “It’s never been in the plan,” Johnson told Inside Line. “There was some internal discussion early on, [...]
Nissan dealers last month said that they will take over the 2009 Detroit Auto Show display abandoned by the automaker. According to sources, the dealers will not have an presence in Detroit next week due to Nissan’s request. “The dealers were going to support a presence and had all stepped forward,” Doug Fox, auto show [...]
After getting its first round $4 billion in emergency federal loans, GM will receive a second installment of its government loan for $5.4 billion. The U.S. Treasury will hand over the second round of loans on Jan. 16th. That brings GM’s total to $9.4 billion. According to Automotive News, the Treasury has agreed to lend General [...]
Consumer Reports magazine said today that the Detroit Big 3 are “heading in the right direction.” While praising Ford Motor Co. and General Motors Corp., Consumer Reports warns that Chrysler LLC is falling far behind its domestic rivals. The magazine said that after recent road and reliability tests reports show that Ford has matched the [...]
Honda has only released one image of the upcoming 2009 Honda Insight Hybrid prior to its 2009 Detroit Auto Show debut. Last week, we saw some images from a leaked brochure and today CarScoop has gathered up some leaked official press photos of the new Honda hybrid (not in high-res). As you can tell from the [...]
Automakers have reported their final sales figures bringing a close to 2008 vehicle sales. While it was a rough very year for American automakers, the Ford F-Series and Chevrolet Silverado held the no. 1 and no. 2 spots on the Top 10 Best-Selling Cars of 2008. As KickingTires points out, even after high gas-prices the top [...]
