FoMoCo announced today that its restructuring efforts are on track and will be completed without the need of an emergency government bridge loans. In a meeting with 98 shareholders at the Hotel du Pont in Wilmington, Delaware, Ford said that it hopes to bring profit as soon as 2011. The Dearborn automaker said that it has [...]
All Chrysler dealerships were fearing the brown UPS truck appearing in their lots today. The Auburn Hills automakers sent a total of 789 dealerships an overnight letter indicating that they are being closed down as a part of the company’s bankruptcy. Under the new plan, which is subject to review by the U.S. Bankruptcy Court judge, [...]
Most likely influenced by the movie itself, thieves stole the blue Nissan Skyline from the Fast & Furious movie from a storage facility in Sun Valley, Los Angeles. Thieves reportedly stole the car in a matter of 10 minutes. The car was actually a Skyline GT-S model that had been modified to look like a turbocharged Nissan [...]
The current version of the Audi A8 went on sale in the U.S. in 2003 and received a minor face-lift in 2007. Yes – it has gotten really old and Frank The Transporter is getting really bored of his getaway ride. Not to mention the 2009 BMW 7-Series, 2010 Mercedes-Benz S-Class, and the Lexus LS [...]
It was reported last week that the House has reached an agreement for a “cash for clunkers” bill that would offer a million gas-guzzler owners a voucher for up to $4,500 in an effort to boost auto sales in the United States. The legislation is now facing an obstacle in the Senate with concerns that the [...]
Update: Thanks to Damien for pointing out that we missed the 70 at the end of the 7:26. Corvette ZR1 is still ahead of the GT-R. While Porsche is claiming that the Nissan GT-R still can’t mange to lap the Nurburgring Nordschleife circuit in a time better than 7 minutes and 54 seconds, Nissan announced today [...]
The next-generation Audi RS4 is rumored to be get the same supercharged 3.0 TFSI V6 from the 2010 S4 but will be messed around with a bit to produce 400-hp. So what happens to that beefy naturally aspirated 4.2L V8? According to CAR, that engine will find its way under the hood of the upcoming Audi RS5 [...]
The auto industry could receive free pollution credits under a new compromise reached by the House Democrats on a bill to cut greenhouse-gas emissions. According to Automotive News, the new bill would give free pollution credits to automakers that produce electric and advanced-technology vehicles. The auto industry would get 3 percent of all free permits for factories from [...]
Toyota and its advertising agency, Saatchi & Saatchi LA, have officially launched the marketing campaign for the 2010 Toyota Prius called “Harmony Between Man, Nature and Machine.” The main theme behind the campaign is to show consumers how they can get extra power, space, safety, advanced technology and 50 mpg in one car. The 2010 Toyota [...]
Today’s edition of Miscellaneous Thoughts goes out to Chrysler and all the headlines the automaker has been making with its U.S. Bankruptcy Court stay. Chrysler bankruptcy may take as long as two years: According to an administration official, Chrysler’s bankruptcy may last as long as two years instead of the 30 to 60 days President Barack Obama [...]
