Porsche announced that it has started production of the 2010 Porsche Panamera at its Leipzig plant. After undergoing a 22,000 square meter expansion over two years, Porsche is building the Panamera sedan and the Cayenne SUV on the same product line. During the past 8 months, plant tours were shut down due to construction. Porsche [...]
FoMoCo announced yesterday that it has raised $1.4 billion through its offering of 300 million shares for $4.75. “We are pleased with this equity offering, which is another key step in our plan to transform Ford into an exciting, viable enterprise poised to return to profitability,” said Alan Mulally, Ford president and CEO. “By issuing [...]
While the Chevrolet Camaro SS we were going to get next week suffered a broken windshield while in transit from Detroit, Jay Leno had the privilege to get behind one in California. Of course, Jay loved everything about the new Camaro SS and thinks that this is the car that will save GM. Refresher: The 2010 Chevrolet Camaro [...]
The vehicles that will hit U.S. roads as a result of the Chrysler/Fiat alliance will need more than just visual upgrades. According to Jim Hall, an analyst from 2953 Analytics, with engineering upgrades to meet U.S. standards, it will take Chrysler/Fiat about 18 months to introduce vehicles on the stateside. In its viability plan submitted [...]
According to a Stephen Lerner, a lawyer seeking to represent Chrysler dealers, said today that the company plans to cut 800 of its 3,200 dealers on Thursday. Chrysler will provide the U.S. bankruptcy court with a list of dealers it wants to retain. “We do not have any finalized list as of this point in time,” Chrysler [...]
How low can you go? It seems like that those are the five words BMW lives by when planning future engine displacements. Recent reports suggest that BMW’s EfficientDynamics program is working on a new range of 3-cylinder gasoline engines for the next-generation 1-Series, 3-Series and the upcoming BMW Z2. According to Sky Motoring, the new 3-cylinder engines [...]
The 2010 Opel Astra has been leaked prior to its world debut at the 2009 Frankfurt Motor Show in September. The 2010 Opel Astra will be build on the same platform as the “upcoming” Chevrolet Cruze and Volt with design influenced by the Opel Insignia. The powertrain lineup will feature an entry-level 1.4L 4-cylinder with [...]
And now time for some of the random things we’ve been coming across behind our desks. Hautai working on Bentley Continental knockoff: In an effort to take on Geely and its Rolls-Royce Phantom knockoff, Chinese automaker Hautai is working on a Bentley Continental knockoff. Of course, we’re sure they’ll deny that their car is no [...]
Exotic Auto Restoration is offering a package to enhance the exterior and interior on one of the most iconic American cars – the 1965 Shelby Cobra Daytona Coupe. Designed by Peter Brock, Exotic Auto Restorations is giving enthusiasts the chance to bring all the good looks of the Le Mans to their own driveway with [...]
Infiniti has announced the pricing on the 2010 QX56. The full-size luxury SUV is on sale now at dealers nationwide with prices starting at $56,050 for the 2010 QX56 2WD and $59,150 for the QX56 4WD. Both 2010 Infiniti QX56 models are powered by a 5.6L DOHC V8 making 320-hp and a maximum torque of [...]
