Yes, a lot of us are cutting back on spending by eating out less, driving less and hoping to find a cheap parking spot near a meter preferably, where we can pop a couple of quarters in while we go grocery shopping (if you live in the city). However, there are many out there that [...]
Former Chrysler CEO Lee Iacocca is leading a group of Chrysler retirees in welcoming new CEO and partner Sergio Marchionne and Fiat SpA. In a full-page ad in Detroit newspapers today, Iacocca is joined by some 19,000 Chrysler retirees in offering their help as advisers “in any capacity that you might require. As a first [...]
The folks over at CAR Online have dug up some dirt on Ford’s plan for the next-generation Mondeo. According to their sources, joining the estate and sedan model will be a four-door-coupe variant offering a cut-price CLS. Now that Ford of Europe is making some green, it can afford to produce image-building cars. The four-door-coupe [...]
Carbon Motors announced Wednesday that it has received more than 10,000 reservations for its E7 Police Car, making being chased by cops just a little more exciting. The company said that it plans to announce where it will base its headquarters and manufacture the Carbon E7 later this summer. The Carbon E7 is powered by [...]
Fritz Henderson, who succeeded Rick Wagoner as General Motors CEO, probably didn’t imagine becoming the leader of the company only to file it for bankruptcy 2 months later. So far, Fritz said that he expects to remain at the top of the automaker when it comes out of bankruptcy protection but added that nothing was [...]
Honda is celebrating its 50 years in America today by commemorating its first storefront in Los Angeles that opened its doors on June 11, 1959. “On behalf of the tens of thousands of Honda associates in America, past and present, we offer our deepest thanks to our customers for placing their trust in Honda over [...]
Scion is all about offering limited-production variants of its vehicle lineup. Today the Toyota-owned company announced its final limited-production vehicle for 2009 – the 2009 Scion xD Release Series 2.0 (xD RS 2.0). The model will go on sale later this month with prices starting at $1,270 over the base price of the xD. Scion [...]
FoMoCo CEO Alan Mulally believes that the U.S. economy will begin improving in the second half of 2009. “We think we are right on track to start this recovery,” Mulally told reporters today at the launch of the 2010 Ford Taurus. “We are very rapidly moving on our plan to improve the balance sheet,” Mulally [...]
It’s that time of the day again for us to gather up random things we come across on our day of automotive news browsing. Also, today we’d like to know your opinion on how we’re doing here at egmCarTech. Drop us a line in the comments section with suggestions or any issues you may have [...]
Toyota is hoping to sell about 25,000 units of its all-new 2010 Lexus HS 250h in the first 12 months of the cars sale, said Mark Templin, group vice president of the Lexus Division for Toyota North America. Lexus’ first dedicated hybrid model is scheduled to go on sale in the U.S. later this summer and will be [...]
