Updated: If you’re following the political side of things today we suggest reading three articles from NYTimes.com immediately. Senate Approves Stimulus Plan - Approved by a vote of 61 to 37. Geithner Offers New Bank Rescue Plan - New program will attempt to get as much as $2 trillion from the Treasury, private investors and the Federal [...]
Faurecia, a French auto parts maker, has sued troubled American automaker Chrysler LLC for $110 million. Faurecia claims that Chrysler owes it money for engineering and research cost associated with interior parts made for the Chrysler PT Cruiser and Sebring along with the Dodge Avenger and Nitro and the Jeep Liberty. Faurecia originally expected to [...]
Nissan, which recently announced plans to cut a total of 20,000 jobs worldwide, is seeking U.S. government financing to help it build electric-cars and develop advanced lithium-ion batteries. The move makes Nissan the first Japanese automaker to ask the government for taxpayer-funded loans. Nissan did not disclose an amount of its request but said it will [...]
BMW has revealed its new 2009 Mini John Cooper Works Convertible otherwise known as the world’s fastest small premium cabriolet. Like it’s hardtop hatchback brother, the Mini JCW Cooper Works Convertible is powered by a 1.6L twin scroll-turbocharged engine making a total of 211-hp with a maximum torque of 207 lb-ft. That allows for a [...]
We have already seen BMW draw it out on a canvas with some impressive drawing skills and we have already heard them explain the vehicle’s various functionalities. However, we have yet to see a first look at what the so-called BMW PAS or 5-Series GT will look like when it debuts in concept form at [...]
It’s the car the Ed Welburn wanted to show Matt Lauer but couldn’t. After giving us a little peek at it last month, General Motors today fully unveiled the all-new 2010 Chevrolet Spark prior to its 2009 Geneva Motor Show debut in March. The new Spark minicar was inspired by the Chevrolet Beat Concept, the [...]
Just yesterday we brought you up-to-date information on the Rolls-Royce RR4 aka “baby Phantom” or the Rolls-Royce Silver Ghost. Spies at AutoExpress have now caught a “close-to-production” prototype and were able to bag the best interior shots yet. The Rolls-Royce “baby Phantom” will make its debut in concept form at the 2009 Geneva Motor Show [...]
GM started notifying its employees today that it will cut salaried employment globally from its current level of 73,000 to approximately 63,000. GM said the move is necessary due to the significant drop in sales and the need to restructure GM for long-term viability. The Detroit automaker said that the need to cut salaried workers [...]
FoMoCo has taken the wraps off the new 2010 Ford Harley-Davidson F-150 prior to its 2009 Chicago Auto Show debut. The new Harley-Davidson F-150 marks the 14th edition of the special-edition truck for customers that appreciate that extra customization. New editions feature a new bold front fascia with a premium interior and Harley-Davidson badging. The outside [...]
Scion has announced that the tC Release Series 5.0 will debut in Chicago with a Toyota Racing Development (TRD) theme. The new 2009 Scion tC RS 5.0 features gloss black exterior paint and numerous performance products from TRD including: TRD edition 18-inch multi-spoke alloy wheels, in matte black with red trim, and red TRD lowering springs [...]
