FoMoCo said today that it is trying to eliminate up to $10.4 billion of its debt by offering debt-holders cash and stock. “As part of this debt restructuring plan, Ford Credit has commenced a $1.3 billion cash tender offer to purchase Ford”s unsecured, nonconvertible debt securities, of which approximately $8.9 billion aggregate principal amount is [...]
At the end of last year, it was reported that they GT by Citroen could be headed for a limited production of 20 units. According to AutoCar, Citroen product head Vincent Besson, the Citroen GT super concept has now been confirmed for production. The concept was original designed to be in the Gran Turismo 5 [...]
BRABUS and Mercedes-Benz took the covers off the new Smart ForTwo BRABUS electric-drive today at the 2009 Geneva Motor Show – and you won’t like it when it’s angry and that’s probably because it has too much light green inside-out. Built around the “environmental friendliness does not mean making sacrifices” theme BRABUS takes the Smart [...]
Volkswagen’s CEO Martin Winterkorn said that while the current wave of consumer interest in environmentally friendly cars will last, electric-cars will not dominate auto dealerships anytiem soon. “Electric mobility does have a place in the long-term future,” Winterkorn told Automotive News Europe. However, he said that safe and affordable electric-vehicles for daily use are “very [...]
After unveiling the new 2010 Audi A4 allroad quattro at the 2009 Geneva Motor Show, Audi is considering bringing the A4-based model to the North American Market. According to Peter Schwarzenbauer, Audi AG board member for sales and marketing, consumer interest in SUVs have prompted Audi to revisit the market for all-wheel-drive wagon. Schwarzenbauer told [...]
At the 2009 Geneva Motor Show today, Toyota announced that it is offering a new engine option for its four-seat minicar. Alongside the 1.0L VVT-i, Toyota will offer a 1.33L Dual VVT-i with Toyota Optimal Drive Technology. The new engines gives the Toyota iQ 98-hp with a peak torque of 92 lb-ft. It is mated [...]
Well, he didn’t exactly give us a personal presentation to the 2010 Audi S5 Cabriolet – because that would be weird and out of character for the Governor of the State of California. Honestly, we can’t help but imagine how he would describe the S5 Cabriolet but we’ll leave that part alone. Arnold Schwarzenegger was hanging [...]
Sitting there at the Aston Martin display being overshadowed by the new One-77 is the Aston Martin DBS Volante. Completing that DBS lineup the Aston Martin DBS Volante features an electric fabric roof that comes down in just 14 seconds and can be operated at speed of up to 30 mph. Of course, that means [...]
Giugiaro has teamed up with Fazer-Nash to build its latest concept known as the Namir – Arabian for tiger. Known as the “fastest hybrid in the world” you would probably think that the Namir isn’t that eco-friendly – well you’ll be surprised. Fazer-Nash, a company that specializes in the design and construction of hybrid system has [...]
While you’ll have to wait until the 2009 Frankfurt Motor Show to see the GranTurismo Spyder, Maserati today unveiled the brand new GranTurismo S Automatic at the 2009 Geneva Motor Show. The new Maserati GranTurismo S is powered by a 4.7L V8 producing 440-hp with 361 lb-ft of torque. The engine is mated to a [...]
