Just yesterday we heard updates on the Lexus LF-A that will make its production debut at the 2009 Tokyo Motor Show later this year. It was reported that the LF-A is now reaching a top speed of more than 218 mph? Pretty hot right? So hot that the Lexus LF-A race version that ran laps [...]
Yes, we eagerly look forward to the day when Bugatti will hand us the keys to a Veyron for a full on review with videos, images and everything. That being said, publication in Europe are lucky enough to be close to Bugatti’s headquarters and can easily get in touch with their media fleet managers for [...]
Jim Fouts, Warren Mayor, hand delivered a letter to General Motors’ CEO Fritz Henderson offering the company long-term tax incentives to move its headquarters from the Renaissance Center in Detroit to the GM Tech Center in Warren. Fouts’ six-page letter proposes a 30-year personal property tax-break, the longest tax-break ever offered in the state and [...]
In its original offer to bondholders, GM was offering creditors a 10 percent stake in a new GM in exchange to reduce its $27 billion debt. That didn’t work out to well since GM failed to get the near 90 percent support of bondholders it needed to fight off bankruptcy. Nonetheless, today a committee of [...]
Peter Trepp, a venture capitalist focusing on the green industry, has become the first owner/customer to get the new 2009 MINI E. BMW is leasing a total of 500 units of the electric Mini Cooper for about $850 a month. Trepp, owner of number 111, has no idea why he was picked as the first [...]
Earlier this week, we heard rumors that Honda is working on a successor to the S2000. However, after reading that the model would be a 2+2 coupe, with no rear-wheel-drive (it will have AWD) and a hybrid system, the car started to sound less and less like a successor of the award-winning roadster and more [...]
Visteon Corp announced today that it has filed for Chapter 11 bankruptcy protection for its U.S. operations. The U.S. auto parts maker said that its non-U.S. subsidiaries and joint ventures are not a part of the filing and will continue to operate throughout the reorganization process. Visteon, which was spun off by Ford Motor Co [...]
As Chrysler looks to sell most of its assets for $2 billion out of bankruptcy to a new company, the Auburn Hills automaker said that it did not receive an offer for its Dodge Viper business, which it priced at $10 million. CEO Bob Nardelli said in a U.S. bankruptcy Court filing in New York [...]
Chris Foose, automobile designer and co-host of Overhaulin’ (a show that ran for five seasons on TLC), recently got his hands dirty on a 2010 Ford Mustang which was modified on Spike TV’s MuscleCar. Foose and Magnaflow teamed up to build the one-off custom 2010 Mustang GT, which features a Magnaflow performance exhaust, Edelbrock supercharger, [...]
Besides the Subaru Impreza, it’s hard to say that anything in Subaru’s lineup is highly attractive. However, Subaru design doesn’t have to be mundane and boring, even if it means making the Impreza just a little bit more – well, sexier. In comes independent designer Lars Martensson, who goes by the name of ‘Grid’ around the internet. [...]
