An Obama administration official familiar with the matter said that the auto task force is preparing to loan GM and Chrysler addition federal aid. The insider told the Detroit News that GM will get about $5 billion in additional short-term aid while Chrysler will get $500 million. The loans come as a part of a pledge [...]
Earlier this week, Ford let us pickup an all-new 5-door 2010 Ford Fiesta for a one-night-stand. Excited, we drove up together to NYC and drove the Fiesta back to our home-base and prepared to film a video review the next day. While we had to get the Fiesta back to Ford by 10 a.m. the next morning, [...]
In a lengthy article by the Detroit News, the publication reported that Ford is offering $1,000 “conquest cash” to owners of Chrysler, Dodge or Jeep owners to trade in their rides for a new Ford SUV, pickup or crossover. Cars are excluded from the offer, which is running between now and July 31. “Domestic intenders [...]
According to a report by Reuters, Volkswagen AG may overtake Toyota Motor Co as the world’s top-selling automaker in the first quarter of 2009. Even though Volkswagen sales fell 11 percent to 1.39 million vehicles, the German automaker significantly increased its market share globally. Toyota, which has not provided any forecast for 2009 retails sales, [...]
The 2010 Mercedes-Benz Coupe will be going on sale in Europe starting next month. The German automaker has just released a new 44 second commercial featuring a bunch of beautiful women riding horses with a 7 seconds clip of the 2010 Mercedes-Benz E-Class Coupe. Guess that’s how Euro car commercials get the message across to their audience. [...]
Earlier this month, we’re briefly touched on the subject of Chrysler’s board being shuffled around if a proposed partnership with Fiat goes through. However, today we’ll just say what may soon become inevitable. Chrysler’s current boss Bob Nardelli may be asked to step down by Fiat and the U.S. Treasury as the two will select [...]
During a conference call with the media this morning, CEO Fritz Henderson said that the struggling automaker will close more plants and make additional job cuts as it continues its tough restructuring efforts for a plan to be submitted to the Obama administration by the end of May. In the first viability plan submitted to [...]
General Motors has until the end of May to get together a new restructuring plan or file for bankruptcy. However, its European unit could continue to function and pay salaries even if the U.S. parent files for Chapter 11. “GM Europe has its own pool of liquidity,” an Opel spokesman said. “It uses these funds [...]
Novitec says it’s the “world’s most exclusive high-end sports car” – but of course they would say that since their talking about their own car. But a 777-hp V8, spectacular design and a limited production of just eleven units makes the Novitec TuLesto something to be very excited about. Under the hood of the two-seater [...]
LSD Design (which stands for Lamborghini Style Doors) has just unveiled their new Lambo doors for the new Nissan GT-R. Known as the LSD Flügeltürbeschläge (which apparently is another way of saying “fitted wing door), the Nissan GT-R wing doors will run you €1,949 ($2,554 USD). LSD says that the doors can be installed easily “without [...]
