According to people with “direct knowledge” of the matter, the U.S. Treasury Department is preparing for a Chapter 11 bankruptcy filing for Chrysler as the automaker continues to work out concessions with the UAW, CAW and its lenders in an effort to follow through with partnership with Fiat. It is reported that Fiat would continue [...]
Well, it seems like Volkswagen and Porsche have worked out their differences. What seemed to be a forced relationship on Porsche’s side by taking majority share in Volkswagen, V-dub CEO Martin Winterkorn is now hailing cooperation between the two companies. “Our integration has come a long way in the last few months and I am [...]
Aston Martin confirmed today that the first public display of the complete One-77 concept will be shown at the 2009 Concorso d’Eleganza in Lake Como, Italy next week. “This is a major step in One-77′s engineering program, showing the first complete car, and will demonstrate new benchmarks in many different fields of automotive design,” said Aston [...]
We’re pretty sure you remember Porsche and Nissan going back and forth last year on their Nurburgring lap times with the 911 GT2 and the GT-R. Well, they’re both back in the ‘Ring this year and Porsche has just thrown thrown the first punch. According to Andreas Preuninger, Porsche’s Project Manager High Performance Cars, test driver Walter [...]
Rumor has it that GM will announced the “discontinuation” of the Pontiac brand next Monday as a part of a stricter restructuring being demanded by the Obama administration’s auto task force. For some time now, we’ve been hearing that Pontiac will become a “niche brand” while the main focus for GM will be Chevrolet, Cadillac, [...]
While its nothing to get up and shout about, Ford said that it will be building more vehicles in North America in the second quarter than it had originally planned. The move comes as the Dearborn automaker sees an increase in demand for the 2010 Ford Fusion. “It’s nothing to get excited about in terms [...]
Welcome to our second edition of Miscellaneous Thoughts where we let you know about some interesting automotive related content our editors come across on the web. Rolls-Royce considers lawsuit against China’s Geely: Rolls-Royce is considering legal action against Geely for their £30,000 ($44,176 USD) GE Phantom look-a-like - Telegraph KickingTires discovers the secret to saving Chrysler: The company’s pistol-grip shifter [...]
Hyundai announced today that its net profit fell 42.7 percent during the first quarter of 2009 due to the global economic slowdown. The Korean automaker said it earned 225 billion won ($166.7 million) in the first-quarter which ended March 31. Hyundai said that sales were down 26.4 percent to 6.02 trillion won from 8.20 trillion won [...]
Mercedes-Benz today unveiled the new 2009 Special Edition model of the A-Class. Standard exterior features on the 2009 Mercedes-Benz A-Class Special Edition models include fog lamps, metallic paint finish, black radiator louvers and 16-inch titanium silver alloy wheels with 9-spoke design. On the inside, the 2009 Special Edition A-Class comes with a two-tone color scheme [...]
Marty Mulloy, Ford’s vice president of labor affairs said today that if the UAW agrees to deeper concessions with GM and Chrysler, it too would expect a similar deal. Ford, which has already received significant concessions from the UAW in March, has not taken any loans from the U.S. government. “Obviously, Ford would not want to be [...]
