A total of six General Motors executives, including our favorite – Bob Lutz, sold almost $315,000 in stock and liquidated their remaining direct holdings in the company. A total of 200,000 shares were sold including Lutz’s 81,360 shares that were worth $130,989, according to his filing with the Securities and Exchange Commission. All six executives including [...]
General Motors is considering selling vehicles it makes in China in the U.S. by 2011 – making it the first major automaker to import Chinese produced cars to the stateside. In document being circulated between GM and U.S. lawmakers, GM said that it plans on selling 17,335 units of China-made vehicles in the U.S. by 2011. It [...]
What are some of the random things we’re coming across today? Find out in our daily Miscellaneous Thoughts post for today. Adolph Hitler’s car for sale: Well it really isn’t his car, but he did sit in it. The 1939 Fiat 2800 pictured above was used by the king of Italy to transport dignitaries such as Hitler, [...]
If you thought the Gemballa Tornado 750 GTS was visually over-the-top, wait until you see what tuning firm MAFF has come up with. Meet the MAFF Muron Porsche Cayenne, which has a body kit that is built of fiberglass components and some additional power under the hood. The wide body kit, which fits the entire Cayenne [...]
The first U.S. unit of the Lamborghini Gallardo LP560-4 Spyder has been auctioned off to support the Nancy Davis Foundation for Multiple Sclerosis at the 16th Annual Race to Erase MS charity event. Who bought the rights to the first U.S. based Gallardo LP560-4 Spyder? Apparently two people who are going to share the car - Kymberly Gold, [...]
Ford has just announced that it will be offering 300 million shares of its common stock at a par value of $0.01 per share. The Dearborn automaker said that net proceeds from the offering are expected to be used for corporate purposes. It said that it is looking to fund with cash instead of stock, [...]
The 2010 Opel Astra will be making its world debut at the 2009 Frankfurt Motor Show in September. To get us a little more anxious, GM has released some teaser shots of the new Astra in a five-door variant pictured with Lead Designer Marc van der Haegen and Engineering Coordinator Laszlo Kreth. The two are hiding [...]
GM CEO Fritz Henderson said today that the automaker would be open to sell its Wilmington, Del., plant, which is responsible for manufacturing the Saturn Sky and the Pontiac Solstice. In a move that is similar to what Chrysler is doing with its Dodge Viper business, Henderson said that if a buyer wanted to sell [...]
Ahmed Almuhairi of United Arab Emirates manage to capture the Top Gear crew, including The Stig, on location with four high-performance supercars. While Almuhairi said that police created a 1.86 mile blockade, he managed to capture a 38 second video in which you will see a Bugatti Veyron, Mercedes-Benz McLaren SLR 722, Lamborghini SV LP670-4 and the old McLaren [...]
During a press conference earlier this morning, General Motors CEO Fritz Henderson said that the company plans on keeping its Renaissance Center headquarters in Detroit despite the fact that its U.S. operations are in far worse shape than some of its overseas divisions. There have been many rumors that GM will be moving away from its Detroit [...]
