General Motors is one step closer to filing for the largest bankruptcy ever for a U.S. industrial company after bond exchange offers failed. On the other hand, the sale of GM’s European brand Opel isn’t going so well either as German officials ended talks earlier today without reaching a deal. The bidding war for Opel [...]
The Lexus LF-A has been long considered a competitor to the company’s Japanese-rival – the Nissan GT-R. Well, if AutoExpress is to be believed, the LF-A will leave the Nissan GT-R in the dust in terms of speed and price. Sources close to Lexus say that the engineers were not at all happy about the LF-A’s [...]
Infiniti today announced the pricing on the 2009 Infiniti EX35 luxury crossover, which will hit dealerships on May 29 nationwide. Among the highlights of the 2009 EX35 are new standard content and new or revised option packages. Buyers can now get the Around View Monitor Package at no additional charge when purchased with a Bose Navigation [...]
GM had offered bondholders a 10 percent stake in the restructured company to reduce its $27 billion debt and avoid going into bankruptcy court. However, yesterday GM failed to gain the near 90 percent of bondholder support to accept a debt-for-equity swap. Sources say that GM is now planning to file for Chapter 11 bankruptcy by June 1. [...]
Here we are with some of our Miscellaneous stories of the day. Today’s edition focuses around the increasing popularity of hybrids and how being green is actually pretty cool. 20% of U.S. cars will be hybrids by 2020: According to JPMorgan, the global market for hybrid cars will grow to 11.28 million by 2020. The [...]
At the 2009 Frankfurt Motor Show, Audi will unveil a concept version of its upcoming Q3 crossover and the drop-top version of its R8 supercar. According to Auto Motor und Sport , Audi is also planning an electric concept version, or ‘e-version,’ of the R8 supercar. No word yet on whether the car will carry [...]
So you already feel pretty crappy that your significant other is forcing you to purchase the Mercedes-Benz C 63 AMG Estate over its cooler and sexier looking sedan sibling. Worry not; Vath is here to help you out. The German tuning firm is offering a bunch of visual and performance upgrades that are sure to [...]
According to a study by the Center for Automotive Research, more than 1.3 million U.S. jobs and up to $68.7 billion in personal income could be lost in the first year if Chrysler and General Motors go through a “lengthy and disorderly” bankruptcy. The study said that employment and production would fall by 90 percent [...]
We already know that the next-generation Esprit has been delayed to 2012 as Lotus gathers up some cash to put the car into production. So far, we’ve heard that the next Esprit will get a mid-mounted V8 unit – but now, word on the street is that the new Lotus Esprit could most likely get [...]
Despite the global economic slump and the sharp fall in demand for cars, Audi is holding onto to it’s sales target and says the market for premium vehicles will show significant improvement in 2010 and 2011. “I do not see any reason why we shouldn’t reach them (the targets). We are working towards 1.5 million [...]
