Dana Mecum, the president of the Mecum auction house, said that the rare 1965 Shelby Daytona Cobra Coupe CX2601 you saw last month could bring in $12 to $15 million dollars. Well, this past weekend at the 22nd Dana Mecum Original Spring Classic Auction, the “American Crown Jewel” brought in the highest-bid at $6.5 million. While that is [...]
As GM comes closer to its government-imposed June 1 deadline to restructure or face bankruptcy, UAW officials said that they expect talks with the struggling Detroit automaker “to intensify this coming week.” In a letter sent to rank-and-file workers, the UAW also showed its opposition to GM’s plans to start importing vehicles from China as [...]
Volkswagen has brought its tie-up talks with Porsche to a halt, saying that Porsche was not ready for merger. The two German automakers planned to meet on Monday to talk about Porsche increasing its stake in the Volkswagen Group to 75 percent. “We recognized at the end of the week that Porsche is lacking several [...]
It’s finally Sunday and as we get ready to prepare for a new week, we are going to wrap up this week with our routine “This Week in Photos” post. This week, check out photos of a totaled 2010 Chevrolet Camaro SS, a Hyundai Equus roaming in the stateside, Maff’s take on the Porsche Cayenne, [...]
Lexus already offers its F-Sport Performance Package line on the GS and IS and is now extending the offering to the IS C Convertible upgrades include forged alloy wheels, brake upgrades, suspension systems, air intake, exhaust systems and more. All F-Performance Accessories are fully warranted for 12 months or for the balance of the new car [...]
How much longer until the automotive industry stays in this depressing slump of decreasing demand? Not much longer if you’re patient. According to Ford’s CEO Alan Mulally and Honda’s CEO Takeo Fukui, auto sales in the U.S. will start showing improvement in the later part of 2009. Mulally said that he is confident that car and [...]
Jake Bronstein, one of the 100 test-drivers that is participating in the Fiesta Movement, has reported his Magenta Fiesta stolen. Letting the world know about his unfortunate situation via Twitter, jakehimself tweeted: #fiestamovement car STOLEN. No, really. Police en route now. I almost couldve predicted this somehow. Ford’s social media head Scott Monty confirmed the [...]
We had to skip out on yesterday’s Miscellaneous Thoughts since we were experiencing technical difficulties. Nonetheless, we are back today with some random ramblings that have been going on behind our editor’s desk here at egmCarTech. Chrysler and Fiat alliance gets U.S. antitrust approval: The Chrysler and Fiat alliance have received the approval of the U.S. Federal Trade Commission. Fiat [...]
Celebrating the launch of the 2009 Cadillac CTS-V in China, GM held a big event called V-Day in Shanghai where chief engineer John Heinricy once again set a production sedan lap record, this time on the F1 circuit in Shanghai. Around 19,000 fans gathered at the F1 circuit for the launch of the CTS-V in China while [...]
The Wall Street Journal is reporting that Chrysler will be sending all of its existing customers a check for $1,000 towards the purchase of a new vehicle between now and the end of June in an effort to boost sales. The check will arrive in the mail along with a letter from CEO Bob Nardelli. [...]
