According to the President of the Original Equipment Suppliers Association, Neil De Koker, parts suppliers will request $10 billion in federal aid to avoid bankruptcy and possible liquidations. Suppliers this week will ask for the $10 billion to be funneled through the Detroit Big 3 automakers so they can be paid in 10 days for [...]
FoMoCo announced today that its 2010 Ford Fusion Hybrid and its 2010 Mercury Milan Hybrid are available of a $3,400 tax credit from the federal government. The tax credit is the highest credit amount ever offered for hybrids purchased after Dec. 31, 2005. Power for both FoMoCo models comes from a 2.5L 4-cylinder engine that [...]
Wiesmann, a company founded in 1985 by the brothers Martin Wiesmann and Friedhelm Wiesmann, is celebrating its 20th anniversary with a special-edition model badged the GT MF4-S. The ‘S’ designation will give the already powerful GT MF4 the E92 BMW M3′s 420-hp 4.0L V8. The Wiesmann MF4-S will fit between the 367-hp Wiesmann GT MF4 and the [...]
Last month Aston Martin announced that it will cut a total of 600 jobs out of 1,850. The cuts included 300 permanent jobs and 300 temporary jobs. Today the luxury-automaker announced that it will cut back production to a three-day week to keep inventory levels in line with falling demand Production will be cut at [...]
Ever since its debut at the 2008 Paris Motor Show, we’ve heard very little about the Mini Crossover Concept. According to the head of Mini brand management Wolfgang Armbrecht, the automaker approved the production version of the Crossover Concept just four weeks after its Paris debut. The production version of the Mini Crossover will make [...]
Tiff Needell and Fifth Gear headed to the Italian Alps to see how the powerful all-wheel-drive Lamborghini Gallardo LP560-4 performs in the snow. The Lamborghini Gallardo LP560-4 is powered by a 5.2-liter V10 with 552 horsepower allowing for a 0 to 60 mph time in 3.9 seconds with a top speed of 202 mph. However, as Needell explains, when [...]
Bentley announced today that due to “continued low demand” it will be halting production at its U.S. factories for several weeks in the spring. According to U.S. spokesman David Reuter, production of the Continental will stop for seven weeks while the Arnage range will stop for six weeks. “The decision to reduce production volumes has [...]
General Motors confirmed today that it will be extending the delay of the construction of its 4-clyinder engine plant in Flint, Mich. The plant will be responsible for building the 1.4L engines that will be used in the Chevrolet Cruze and the Chevrolet Volt. No specific details were provided for the reason of the delay [...]
Let’s hope AutoExpress is right about this one (they were wrong earlier this week with their Jaguar XE speculation). According to the publication, Mercedes-Benz is working on a smaller version of the upcoming SLC Gullwing supercar. Known as the SLK Gullwing, the car will sit on the top of the SLK range, giving Mercedes-Benz a [...]
Volkswagen will be bringing its next-generation Polo to the 2009 Geneva Motor Show in March. While the German automaker will be building a sedan at its new Chattanooga, Tenn., plant, it will add the new Polo to its Mexico plant making it more cost effective to sell in the U.S. The next-generation Volkswagen Polo should [...]
