Originally, the 2010 Cadillac CTS Coupe was scheduled to make its production debut at the 2008 LA Auto Show. However, General Motors decided to push back the launch and rumor had it that the production CTS Coupe will show face at the 2009 Detroit Auto Show – but the much anticipated Caddy was a no [...]
Seen on page 133 and 137 of Chrysler’s Restructuring Plan for Long-Term Viability Plan submitted to the U.S. Treasury earlier today, are sketches of the next-generation Chrysler 300 and Jeep Gran Cherokee. In it’s plan Chrysler says that “revenue in the in the near term will get a boost with the debut of a redesigned [...]
Along with Chrysler LLC, General Motors today presented its long-term viability plan to the U.S. Department of Treasury. The plan, which is the first of the two status reports required by the loan agreement, outlines GM’s restructuring plans. GM has asked the government for an additional $16.6 billion to help it survive. The Detroit automaker [...]
GM’s Chairman and CEO Rick Wagoner will be holding an news conference at 6:30 p.m. EST to discuss General Motor’s viability plan being submitted to the U.S. Treasury. Wagoner will also provide an update on the company”s restructuring efforts The conference will take place in the Jefferson Room of the Renaissance Conference Center on the second level [...]
UK Top Gear stars Jeremy Clarkson and Richard Hammond were lucky enough to come out unscratched after their helicopter was hit by a seagull after take-off. About 400ft over Auckland Harbour in New Zealand, the Top Gear duos helicopter made an emergency landing when a seagull flew into the rotor blade. The pilot made an emergency [...]
Chrysler today submitted its viability plan to the U.S. Treasury Department outlining the company’s plans to continue its aggressive restructuring and plans to payback government loans. Chrysler said that it is seeking an additional $2 billion to its original $7 billion loan request (which was completed earlier today). The Auburn Hills automaker said that its [...]
Daimler AG today reported a fourth-quarter loss of 1.53 billion euros ($1.95 billion) – its first loss in two years. CEO, Dieter Zetsche also warned that sales of its Mercedes-Benz brand would decline through 2009 due to the significant drop in demand. Daimler AG, which still owns a 19.9 percent stake in Chrysler, said that the final figure [...]
As General Motors continues to survive on taxpayer’s bailout money, it must be very careful on how and where it spends cash. That includes how the automaker spends money on future products already in the pipeline. According to Motor Trend, the Chevrolet Camaro Z/28 is already done; however, GM has put the Z/28 on hold [...]
A White House official said today that General Motors and Chrysler will receive another round of government loans totaling $7 billion as previously planned. General Motors will get $4 billion in additional aid while Chrysler will get $3 billion. Both Detroit automakers will pick up their second installment of loans today as the U.S. Treasury [...]
Mazda has announced the pricing on the all-new 2010 Mazda3. Starting at just $355 more than the outgoing model, the 2010 Mazda3 will carry a starting price tag of $15,045 for the entry-level model equipped with a manual transmission. The 2.0L Mazda3 i Touring sedan with an automatic transmission will be priced at $18,350. Key [...]
