FoMoCo has just received $159 million in Michigan state tax credit to assist its $440 million investment in its Michigan Assembly plant and a related stamping facility in Wayne, Michigan. Ford’s Michigan Assembly plant, which previously produced large body-on-frame vehicles like the Ford Expedition and the Lincoln Navigator, is looking to produce smaller vehicles at [...]
Sometime last week, I was discussing the future of Saturn and the death of Pontiac with a friend. He mentioned how it broke his heart that the Saturn Astra, which just came to the stateside, will most likely be forced out of production. Of course, it is widely known that if Saturn lived to see [...]
Maserati will unveil a convertible version of its GranTurismo at the 2009 Frankfurt Motor Show in September later this year. It is reported that the Maserati GranTurismo Spider will feature a hard-top and will easily accommodate four-passengers. Power will most likely come form the current 405-hp engine found in the base GranTurismo. No word on whether Maserati [...]
According to Thomas Hausch, Chrysler’s vice president of international sales, the company’s operations outside of the U.S. won’t be affected by its Chapter 11 bankruptcy filing or its alliance with Fiat. “Our organization outside the U.S. stays intact. It doesn’t go through a Chapter 11 or anything comparable,” Hausch told reporters in Dubai. ”We have no [...]
U.S. House members and the Obama administration have reached an agreement for a “cash for clunkers” bill that would offer one million new car shoppers up to $4,500 each in an effort to boost auto sales in the United States. New cars would have to average at least 22 mpg to qualify for a $3,500 voucher. [...]
It will obviously set you aside from the crowd and will definitely turn heads when you drive it down the street. However, the Bertone Mantide will cost you a whopping $2 million according to creator Jason Castriota. Who’s going to by a $2 million car that has the underpinnings of the Corvette ZR1 when they can just [...]
2010 will be an exciting “green” year for Nissan. The Japanese automaker plans on introducing its electric-vehicle at the end of next year along with a hybrid version of the Infiniti M. Nonetheless, Nissan has been very slow at the wheel on the “green highway” when compared to its domestic rivals, Toyota and Honda. Besides [...]
Wondering what’s going to happen with Viper now that Chrysler is restructuring under bankruptcy and will eventually be handed over to Fiat? So are we. Well, the folks at Inside Line did some serious digging and found out that the Viper brand may not survive beyond next year. Chrysler’s documents show that its assets and liabilities are split into [...]
So you think you have what it takes to become Chairman and CEO of Chrysler LLC and replace the soon-to-be-former CEO Bob Nardelli. Well, you better be ready to have your salary capped without the likeliness of receiving any additional compensation. Whoever replaces Bob Nardelli will have the tough job of rebuilding Chrysler with Fiat technology, [...]
Nissan is reminding everyone today that the 2009 Nissan Cube is now on sale at Nissan dealers nationwide. Pricing for the base-level 2009 Cube 1.8 with a 6-speed manual starts at $13,990. The 2009 Cube 1.8 S with a 6-speed manual starts at $14,690 while the 1.8 S with an Xtronic CVT will carry a [...]
