Chief auto adviser to the U.S. Treasury Department, Steve Rattner, said Friday that GM and Chrysler may need “considerably more” aid than the $21.6 billion the two automakers have requested. Chrysler is seeking another $5 billion while GM is asking for another $16.6 billion. Rattner also gave the strongest hint that the Obama administration will [...]
AutoNation has rolled out a new incentive program that covers up to six months of car payments for a new or used vehicle for those who lose their jobs. Known as the “Payment Protection,” the program will cover payments for a buyer as the look for a new job. The program is very similar to [...]
After all the waiting, the 2010 Chevrolet Camaro is finally here. We just received all the details on the new muscle car with all the specs a performance numbers. You can also check out videos of Chevrolet executives that worked on the Camaro giving us a walkaround tour of the new fifth-generation model. The first [...]
For you Acura fans out there, Honda has just launched a new minisite for the Acura Crossover Concept, also known as the 2011 Acura MSX, that will be unveiled at the 2009 New York Auto Show on April 8, 2009. As of right now the site doesn’t feature much besides wallpaper downloads and a form to [...]
President Barack Obama had a pretty busy day during his visit to California where he gave a speech at the Southern California Edison Co.’s Electric Vehicle Technical Center. Besides pushing for 1 million plug-in hybrids on the road by 2015 and announcing a $2.4-billion stimulus package for electric-vehicles and hybrids, Obama drove passed a Tesla Motors dealership and wrapped [...]
Alfa Romeo is working on another high-performance MiTo version which it will unveil at the AutoRAI car show in Amsterdam in April. The new Alfa Romeo MiTo Veloce concept hints at a future model that will fit between the base MiTo and the upcoming 240-hp MiTo GTA. Power comes from a modified version of the [...]
Among the many debuts we’ll see at the 2009 New York Auto Show next week will be the next-generation Jeep Grand Cherokee which shares its platform with the Mercedes-Benz M-Class. We saw a sketch of the redesign Grand Cherokee in Chrysler’s viability plan in February. Chrysler says that the fuel-economy of the next-generation Grand Cherokee [...]
Contradicting Bob Nardelli’s statement that Fiat would assume Chrysler’s debt, Fiat released a statement earlier this morning saying that it “intends to make absolutely clear that the proposed alliance will not entail the assumption of any current or future indebtedness to Chrysler.” Nardelli said yesterday that Fiat would be responsible for 35 percent of Chrysler’s [...]
The folks over at CarScoop did some digging through BMW CEO Dr. Norbert Reithofer’s speech at BMW Group’s Annual Accounts Press Conference and found some very interesting news about the automaker’s future plans with Project i. Reithofer said that the 2009 Mini E plays a significant part in BMW drive towards electric-mobility. He said that the Mini [...]
We’ve already seen the 2010 Mazdaspeed3 and the CX-7 at the 2009 Geneva Motor Show, but the two models will make their stateside debut at the 2009 New York Auto Show next month next to the new 2010 Mazda CX-9. Mazda says that the 2010 CX-9 gets an interior and exterior facelift with improved safety [...]
