As we slowly move forward with our ‘cash-for-clunkers’ bill, the UK has already adopted its cash-for-scraps program which gives owners of a 10-year old vehicle a £2000 ($2,898 USD) discount on a new car. Chevrolet UK has announced two attractive deals you can get on a brand new vehicle when you use the cash-for-scrap inventive. The [...]
A report by the New York Times says that GM is talking to Fiat SpA for a stake in the Italian automaker in exchange for its European and Latin American operations. GM has recently been in talks with Fiat about the sale of its German brand, Opel. Sources familiar with the matter said that GM wants [...]
Toyota Financial Services and Toyota Motor Sales announced today that they will offer qualified College Graduates a $1,000 rebate toward a lease or purchase of a new Toyota car including the Corolla, Matrix, RAV4, Camry (not the Camry hybrid), Tacoma, Yaris or any new Scion model. “Toyota and Scion vehicles are some of the most [...]
On April 30th, Chrysler’s CEO Bob Nardelli said that he will be stepping down after Chrysler emerges from bankruptcy. He said that following Chapt. 11 hearings, the U.S. government will select six board members, while Fiat will select three. That new board would select a new CEO for the new company, Nardelli said. Well, Chrysler [...]
We are just weeks away from the government-imposed deadline for GM and today that automaker reported a loss of $6 billion in the first quarter with its revenue cut nearly in half as new car shoppers fear purchasing from a automaker that may be headed toward bankruptcy. GM said that it spent $10.2 billion more [...]
Lexus will be bringing a concept version of its Audi A3 and BMW 1-Series fighter to the Frankfurt Motor Show later this year. While that may be exciting for you high-performance compact hatchback lovers, the real big news is that the model will be a hybrid-only model like the 2010 Lexus HS 250h, which was introduced at [...]
So what’s going to happen to Chrysler’s ENVI division and their never-ending lineup of electric-vehicle concepts now that the Auburn Hills automaker has filed for Chapter 11 bankruptcy? According to a report by earth2tech, now that Fiat will eventually own 35 percent of Chrysler, the company’s ENVI division and its partnership with battery maker A123Systems [...]
BMW Group is considering a rival to the Volkswagen Golf GTI based on the upcoming Mini Crossover platform due to hit the market next year. The model has yet to be green-lighted but insiders say that if approved, the car will be built alongside the Mini Crossover at the Magna Steyr factory in Austria. According [...]
Youngman Auto, a joint venture partner of Lotus in China, is reportedly putting pressure on Lotus to build a production version of the Exige 270E Tri-Fuel for the Chinese market. The car made its China debut last month at the 2009 Shanghai Motor Show where it supposedly made a big impact. Ever since, Youngman Auto [...]
Even though the Sterling Heights factory is scheduled to be shut down in 2010, Chrysler said that it will continue producing the Chrysler Sebring and Dodge Avenger models despite declining sales since the two models were re-launched. “We have flexibility in our plants. We said [that] all along. You could build Sebrings and Avengers in [...]
