GM announced today that its sales fell 29.6 percent in May, which is much better than the 36 percent decline the analysts predicted. GM sold a total of 191,875 vehicles in May, as compared to 272,363 during the same period last year. GM said that its sales in May were up 11 percent over April, [...]
As GM moves to create the ‘New GM,’ it must do all it can to overcome skepticism among U.S. consumers about the quality of its cars and whether buying from a bankrupt automaker will hurt the vehicle’s resale value. Same goes for Chrysler, which is in the process of handing over the newly created Chrysler [...]
G-Power has given the world some outstanding modified BMW vehicles including the M6 Hurricane, X5 Tycoon, M5 Hurricane and G4 EVO III Z4. Now, G-Power has set its sights on the new BMW M3 and has introduced, what they call, the G-Power M3 Tornado. G-Power used a soft charging with just 0.3 bar boost, which increases [...]
According to AutoCar, MINI will unveil a Roadster model in “a near-production concept” form at the 2009 Frankfurt Motor Show in September. The UK publication says that the car will be at two-seater and will offer a sportier-looking alternative to the Mini Cooper Cabriolet. The Mini Roadster will be based on the current-generation Mini Coopers [...]
Ford announced today that even as it decreased incentive spending in May, Ford/Lincoln/Mercury sales totaled 155,954, up 20 percent from April and the highest sales for any month since July 2008. Three new sales records were set with the Ford Fusion selling 19,786 units, the Ford Flex selling 4,305 units and Ford hybrids (Fusion, Milan [...]
Earlier today GM confirmed that it has a buyer for Hummer. During a conference call with reports, GM CFO Ray Young told reporters that the automaker has 16 buyers interested in purchasing the Saturn brand. 16 is a lot more than the two we’ve been hearing of including the Penske Group and Telesto Ventures, an investment [...]
Claus Schmiedel, a member of parliament in Porsche’s home-state of Baden-Wuerttemberg, told the Stuttgarter Nachrichten that Porsche will sell around 80,000 units in the current fiscal year and expects to post a full-year operating profit of between 700 million euros ($979.5 million) and 800 million. Schmiedel, who said he had spoken to Porsche’s finance chief and taken [...]
BMW has never been too excited about taking on the powerful Mercedes-Benz S63 AMG – until now. Apparently spies have caught pictures of a M7 prototype luxury sedan. From the images (check out the full images over at AutoExpress), you can see that the front spoiler has been reworked to provide better cooling to a [...]
While Tesla’s new Model S sedan will be built on the company’s own platform, the Tesla Roadster shares its underpinnings with the Lotus Elise. However, now it’s time to work on the next Roadster, and like all future Teslas, the next-generation roadster will ride on a variation of the Model S platform. While that will [...]
GM announced today that it has entered into a MOU with a buyer for Hummer, which it declined to name. “The sale is expected to close by the end of third quarter of this year and is subject to customary closing conditions, including receipt of applicable regulatory approvals,” GM said in a statement. The deal [...]
