Following Chrysler’s meeting with Obama’s auto team yesterday, General Motors today wrapped up a 6-hour meeting with members of U.S. Treasury Department and the White House National Economic Council. GM’s CEO Rick Wagoner, COO Fritz Henderson and CFO Ray Young were among the executives that attended the meeting. Among the points discussed were GM’s request [...]
According to AutoWeek, joining the convertible and estate version of the 2010 Mercedes-Benz E-Class at the 2009 Frankfurt Motor Show, will be the 2010 Mercedes-Benz E-Class AMG version. Prototypes for the AMG E-Class have been spotted testing on the streets around the Nurburgring. The 2010 Mercedes-Benz E 63 AMG is expected carry the same 6.3L [...]
In Europe, thousands of workers protested in front of General Motors factories today in hope of saving their jobs at the automaker’s Opel brand. Opel’s Ruesselsheim factory was the main location for the rally as GM reported a $30.9 billion loss for 2008. Klaus Frans, Opel’s top employee representative told 15,000 workers that gathered for [...]
The 2009 North American Car of the Year, 2009 Hyundai Genesis sedan, is adding another award to its already impressive resume. The 2009 Hyundai Genesis has been named the Insurance Institute for High Safety’s Top Safety Pick” for 2009. The IIHS said that the Korean car earned a score of “good” in overall testing in [...]
Honda has earned Consumer Reports’ top rating for the third straight year. Consumer Reports’ said that Honda makes “the best all-around vehicles for the American drivers.” Honda was followed by Subaru, Toyota and Mazda. Mercedes-Benz, Nissan, Volkswagen and BMW tied for fifth place. How did our American automakers rank? Consumer Reports said that FoMoCo and [...]
It seems like no one is a fan of the auto industry getting taxpayers money – even if it is just a loan that they plan on paying back. Nonetheless, if the government is going to help out the American auto industry, Spark Capital’s (no not Tony Starks company) Todd Dagres says that new leadership [...]
Volvo announced today that it has updated its S80 sedan. The 2010 Volvo S80 gets refreshed exterior styling, an upgraded interior and sharper chassis and an updated engine range. “We are ready to give the competition a tough match. With the new S80, we’re placing the bar at the very highest level when it comes to [...]
FoMoCo announced today that it can make it through 2009 without any government aid. The Dearborn automaker said that even if U.S. sales drop to an annual pace of 9 million light vehicles and stay there for the year, the company has enough money to make it through this year. Auditors signed off on the company’s [...]
Trying to make a car like the Porsche Carrera GT better than it already is, is really hard work. So we understand that while Gemballa isn’t quite finished with its new Mirage GT Carbon Edition, they felt compelled to release some information and images. Honestly, we were pretty satisfied with the Gemballa Mirage GT itself, [...]
It was reported at the end of last year that the compact sports car by Subaru and Toyota was delayed until 2012. According to Detroit Free Press, the sports car is now on an indefinite hold due to the economic slowdown. The car was supposed to fill a gap in Toyota’s current lineup, giving the [...]
