According to three sources briefed on the deal, Fiat will sign paperwork by Thursday and will finalize its partnership with Chrysler LLC. Sources say that Chrysler could file for a short bankruptcy if four dozen lenders don’t agree to the banks’ terms. Following concessions from the CAW and UAW along with reduced debt from its lenders, [...]
Subaru said today that the pricing for the 2010 Legacy will start at $19,995 ($20,690 when you include the $695 destination charge), $800 less than the previous generation Legacy. The 175-hp 2010 Subaru Legacy 2.5i is available with a 6-speed manual or the new Lineartronic CVT with prices starting at $20,995. The 2.5i Limited comes equipped with [...]
While browsing through YouTube, we came across some video of the Aston Martin One-77 strolling and revving its engine at the Concorso d”Eleganza, Villa d”Este this past weekend. The One-77 won the Concorso d”Eleganza Design Award for Concept Cars and Prototypes. Refresher: Power comes from a 7.3L V12 producing more than 700-hp. The engine is mated to [...]
We plan on going on a cross-country drive later this summer but this 59-year old California man pictured above has a whole different idea of a cross-country drive. Dave Schaub is planning on driving 9,800 miles in 9 days, during which he will drive through 49 of the 50 states in the United States. But [...]
Yesterday, a study by the folks at R.L. Polk & Co., found that 55 percent U.S. car shoppers plan on buying new cars in the next two years, with 72 percent of them considering domestic models. Many of you who commented on the Miscellaneous Thoughts post yesterday seem to disagree with R.L. Polk & Co. [...]
Celebrating their 100 days in office today, the Obama administration said that Chrysler and Fiat still have some hurdles to clear in order to move forward with an alliance before the April 30th deadline tomorrow. “I don’t know if a deal is going to be finished or when a deal might be finished,” White House [...]
The upcoming 2010 BMW X1 was spotted completely undisguised at a photo shoot – unfortunately there is only one hazy picture of the spotting. The picture comes courtesy of a forum member over at forum-auto.com. The production X1 looks basically identical to the Concept X1 that was unveiled at the 2008 Paris Motor Show. The BMW [...]
GM has just dropped some more studio pictures of the 2010 Chevrolet Corvette Grand Sport. The 2010 Chevrolet Corvette Grand Sport will be powered by an LS3 6.2L V8 making 430-hp and a maximum torque of 424 lb-ft when purchased with a standard exhaust system. Buyers can go for the optional two-mode exhaust system that [...]
The French real-estate market isn’t at its all-time high (well it’s pretty much like that for the rest of the world facing the global economic downturn). Nonetheless, just like when auto manufacturers offer incentives when car sales are down – so do real-estate developers. A French developer is reportedly throwing in a free Tesla Roadster with a [...]
The Mitsubishi i MiEV isn’t even out yet and company president Osamu Masuko is already planning on increase output for the company’s first “green” vehicle. According to Automotive News, Masuko plans on increase output by 50 percent by 2011 to meet overseas demand. Originally, Mitsubishi planned on producing 10,000 units of the i MiEV by [...]
