Mitsubishi Motors CEO Osamu Masuko has planned to postpone all product development spending except on small cars and electric vehicles. “We have stopped all product investments except for environmental developments. That means small cars, plug-in hybrid developments and electric car projects,” said Masuko in an interview with Automotive News Europe. Besides focusing on small electric-vehicles, [...]
It seems like everyone in Abu Dhabi and Dubai is unaffected by the economic crisis. This seven-passenger Hummer H2 Convertible was spotted hanging out and Abu Dhabi showing us nothing is impossible for the rich Sheikhs. Besides a custom paint-job and the red leather seats, this Hummer H2 Convertible features an aftermarket fiberglass hood scoop [...]
Chrysler LLC is offering another round of buyouts and early retirement packages to hourly workers in an effort to replace them with new employees that will work for cheaper. According to a union official, the packages were announced on Friday to selected UAW officials since the company has not announced the plan publicly. A new [...]
The Chrysler Employee Pricing Plus Plus incentive program kicked off exactly a week ago and Chrysler, Dodge and Jeep have finally listed their offers online. Of Course the offers are provided with the participating dealers in your region so you’ll have to head over to the web sites of the three brand and enter your [...]
The Nissan GT-R SpecV made its debut on Jan. 8th for the Japanese market. At the time Nissan had said nothing about a U.S. spec version or even versions for other markets. For those of you unfamiliar on what side of the road the Japanese drive on, all of their cars are right-hand-drive. Much to our [...]
ASMA Design has done what McLaren could not do. The tuning firm today unveiled its new ASMA Design Perfectus SLR based on the Mercedes-Benz McLaren SLR 722. Besides throwing on an aggressive custom carbon fiber bodywork ASMA threw on 20-inch wheels. So what did we mean when we said that they have done what McLaren [...]
Along with information on its BlueMotionTechnologies, Volkswagen today announced plans for a Touareg V6 TSI Hybrid. Volkswagen said that the Touareg V6 TSI Hybrid will enter production in 2010 as the world’s first hybrid SUV with a towing capacity of 3.5 metric tons (7,716 pounds). The Volkswagen Touareg V6 TSI Hybrid prototype uses a line [...]
General Motors has to submit a detailed plan to the U.S. Department of Treasury by Feb. 17 to show how it will become viable. As the clock winds down, GM has no idea what it wants to do with its losing brands, Saturn, Saab and Hummer. Sources say that with President Barack Obama still selecting his team [...]
Just days after Ford said that it could survive on the cash it has instead of relying on federal loans, an analyst at Barclays Capital said that the automaker may need access to U.S. government aid in late 2009. Barclays Capital analyst Brian Johnson downgraded Ford’s stock to “underweight” from “equal-weight” and cut his price [...]
Over the weekend we brought you a video of the 2010 Audi R8 5.2 V10 FSI quattro in action along with a bunch of new images. However, the press release had no mention of the car’s stateside availability. When asked by Inside Line when the much anticipated high-performance V10 R8 will come to the U.S., Audi [...]
