As GM’s June 1 deadline winds down, the struggling automaker borrowed another $4 billion from the U.S. Treasury and won a cost-cutting deal from the Canadian Auto Workers (CAW) and United Auto Workers (UAW). However, GM still faces a huge showdown with bondholders, which will most likely drive the automaker towards bankruptcy at the end [...]
Mini is celebrating its 50th birthday with two special-edition models including the Mini 50 Mayfair and the Mini 50 Camden. Mini says that the two models convey the great spirit of Mini through their design and features. Both models will go into production and will be available with two gasoline and one diesel option in [...]
Our friends at Drivers-Republic over in the UK were lucky enough to get behind the new 2010 Aston Martin V12 Vantage. Are we jealous? Of course we are. God knows what we would give up to get behind that 510-hp V12. Nonetheless, Aston Martin kept us cool with some Brand Spankin’ New Images for our [...]
Fiat said that it has lined up three financial institutions to help it create a group that will combine its majority stake in Chrysler with GM’s European and Latin American Operations. It was reported yesterday that Fiat submitted two bids for GM’s Opel brand, one that includes GM’s Latin American Operations and one that doesn’t. [...]
According to sources that are usually never authorized to speak publicly on matters but always do, a report by the Washington Post that the U.S. Treasury Department is planning a bankruptcy filing for GM next week hold no weight. The source told Reuters that the Treasury has no plans to force GM into a bankruptcy filing next [...]
Around this time last year Spada, unveiled its Codatronca TS (short for Turismo Sportivo) suepercar, which adds an ad hoc converter kit that allows the car to run on gasoline or E85 ethanol. Apparently, The New York Times loved the car so much they gave it the “Most Beautiful Car” designation at the Top Marques 2009. [...]
Following some image leaks yesterday, BMW has finally dropped the official press release along with high-res photos of the production 2010 BMW 5-Series Gran Turismo, which will make its debut at the 2009 Frankfurt Motor Show. Chris Bangle, who is now the former design head at BMW, said that the 5-Series Gran Turismo is known [...]
According to sources familiar with the negotiations, Mitsubishi is talking to Saturn dealers to supply them with vehicles if the brand and its dealership network are sold this year. GM, which plans to phase out Saturn by the end of this year, said the brand could be supplied with vehicles on a contract basis after [...]
The GTbyCitroen (or Citroen GT, GT by Citroen or whatever you want to call it) made its debut at the 2008 Paris Motor Show last year without any engine under the hood since Citroen never planned on a road-going version of the car. The supercar, which was a joint project between Citroen and the makers [...]
In attempt to prove to us that fuel-efficient cars can be fun, the folks over at Edmunds decided to take the new 2010 Lincoln MKS EcoBoost to a drag strip in Milan, Michigan. After a couple of runs, the MKS EcoBoost kept returning a quarter-mile run in 14 seconds at 104 mph. To put those [...]
