The Chrysler bankruptcy is like a test drive for General Motors. The struggling U.S. automaker is surviving on $15.4 billion in government loans and is under pressure from the government to restructure its debt and make concessions with the union by June 1 or face bankruptcy. GM talking to Renault for potential sale, Geely bids for [...]
Volkswagen announced today that it is adding a more powerful Scirocco GT TDI to the Scirocco lineup. Already available is the 2.0L TDI making 140-hp – the latest Scirocco GT TDI produces 170-hp mated to a 6-speed manual or a 7-speed DSG gearbox. 0 to 62 mph comes in 8.1 seconds with a top speed [...]
In an exclusive interview with AutoWeek, GM’s CEO Fritz Henderson said that the future of the Chevrolet Corvette is secure. He said that while the current Corvette platform is going under continuous development, the seventh-generation ‘Vette is also on track. Henderson did not say when the Corvette C7 would hit showrooms. It was reported earlier [...]
It seems like AutoCar knows everything there is to know about the next-generation Audi A3. After bringing us the scoop on the A3 sedan and the hybrid variant, the UK publication is now reporting that Audi is working on a Audi RS3. Power for the Audi RS3 will come from a 2.5L 5-cylinder twin-turbo engine [...]
Porsche said today that Porsche Automobil Holding and Volkswagen AG will create an integrated auto manufacturer that could unite 10 brands under one roof. “In the final structure ten brands shall stand below an integrative leading company alongside each other, whereby the independence of all brands and explicitly also of Porsche shall be ensured,” a [...]
Porsche’s development chief Wolfgang Durheimer says that the sports car manufacturer sees a lot of potential with the Panamera platform. Already in the works is a convertible version of Porsche’s latest addition. The Panamera convertible will not only lose its roof, but will also lose two doors. It will come with a fabric canopy roof. Powertrain [...]
A modified Maserati? It may be a rare sighting but German-based tuning firm Novitec specializes in offering tuning packages for Fiat Group brands including Ferrari, Fiat, Alfa Romeo, Lancia and… Maserati. The company’s Novitec Tridente made its world debut with a performance package for the Quattroporte in 2007 and is now back in 2009 with [...]
Just the other day AutoCar brought us the updated info on the next-generation Audi A3, which will be offered in the U.S. with a sedan variant in early 2011. The UK publication is now reporting that the next A3 will also get a hybrid model that will be a part of Volkswagen’s TwinDrive program. Last [...]
Yesterday, we reported that Ford will be investing a total of $440 million in its Michigan Assembly plant backed by a $159 million credit from Michigan state. FoMoCo today released in an official statement confirming the report saying that it will invest a total of $550 million to transform the Michigan Assembly plant from a large [...]
The UAW is positioned to become the majority shareholder of the new company that will come out of the Chrysler bankruptcy. According to UAW president Ron Gettelfinger, the UAW has no interest in retaining a long-term ownership in any auto company stock. He said that the UAW’s Voluntary Employee Beneficiary Association (VEBA) will eventually sell [...]
