While General Motors is disbanding its High Performance Vehicle Operations to focus more on mass-produced cars and Ford continues its SVT operations, Chrysler has confirmed that is SRT department will not get the cut. “SRT is sticking around and we have to make final calls on the lineup,” said Chrysler’s vice president for global product planning, [...]
The Centurion Card, known as the Black Card, is a credit card issued by American Express to the very elite. To become a Black Card holder, one must meet a strict criteria by American Express and must pay an annual and initiation fee. It comes with a lot of benefits, which now includes a limited-edition [...]
According to Project i boss Dr. Ulrich Karnz, BMW’s Project i will develop vehicles for those that can afford premium vehicle. Project i is BMW’s strategy to develop compact electric-vehicles for big cities like London, New York, Tokyo and Shanghai. The 515 electric MINI E models currently being tested are the foundation of future Project [...]
General Motors independent auditor said yesterday that there is “substantial doubt” about the company’s viability plan, outlining a number of scenarios that could lead to a Chapter 11 bankruptcy filing. GM is currently waiting on hearing back from the government on a request of up to $16.6 billion in federal aid. Top executives said yesterday that if GM [...]
While the 2009 Tokyo Motor Show is still far off, Mitsubishi has announced that it will unveil a new plug-in concept in Japan that will be based on an upgraded version of the Concept cX. Following the i MiEV, the new concept its Mitsubishi’s next step in its green strategy. According to AutoCar, the new [...]
It seems like Saturn’s troubles may slowly be disappearing. GM has hired former senior auto analyst from Morgan Stanley, Steve Girsky, to help sell Saturn. According to a General Motors spokesman, the Saturn brand is attracting interest from a “few” parties that may want to acquire the brand. Spokesman Steve Janisse said that there are [...]
If the Bugatti Veyron Bleu Centenaire just didn’t do it for you, Mansory has just unveiled its new LINEA Vincero at the 2009 Geneva Motor Show. Mansory, which is known for offering nearly all parts made from carbon fiber, added a new front apron, side skirts, larger air outlets on the sides and the back along with a [...]
If you’re a 400-hp+ kind of guy looking for a new ride and have at least $35,000, you’re in luck. According to KickingTires, the two most powerful sedans on the market – the 415-hp Pontiac G8 GXP and the 425 Dodge Charger SRT8 – are being offered with huge discounts making the gas-guzzlers an attractive buy during [...]
According to White House spokeswoman, Barack Obama’s administration is working “around the clock” to form a solution to the problems being faced with General Motors, Chrysler and the auto industry. “The administration is very mindful of the challenges in the auto sector,” the spokeswoman said. “Our team is working around the clock to develop the [...]
During his meeting with Obama’s auto task force, Fiat CEO Sergio Marchionne said that his company will “add value” to Chrysler through an alliance supported with government loans. After his meeting with Steve Rattner and Ron Bloom, advisers to the U.S. Treasury, Marchionne told reporters that he was encouraged by the groups engagement with the [...]
