The Department of Energy has recently awarded two grants that are sure to be a catalyst in electric vehicle production and manufacturing. Smith Electric Vehicles U.S. Corporation and A123 Systems have announced today their receipt of two separate DOE grants in the amounts of $10 million and $249 million, respectively. Smith plans on using the [...]
Before BMW unveiled the 555-hp X5 M, tuner G-Power revealed a 525-hp V8 G-Power Typhoon based on the X5. In an effort not to be left behind by the OEM X5 M, G-Power has now unveiled an even more powerful X5 – known as the X5 G-Power Typhoon RS. With the help of a G-Power SK III RS [...]
Chrysler is once again the focus of a case in front of bankruptcy court judge, Arthur Gonzalez. A hearing has been scheduled by Gonzalez for Aug 13, on the request of certain creditors of Chrysler’s, who seek to sue Daimler AG. The group of creditors claims that Daimler’s 2007 sale of the company to Cerberus [...]
Earlier this year, Lamborghini said that it will invest a total of 35 million euros ($49 million USD) over the next 5 years to cut CO2 emissions of its lineup by 35 percent by the year 2015. To do this, Lamborghini said that it will continue engineering efforts to decrease vehicle mass, improve combustion, reduce friction Start-and-Stop [...]
Task force Chairman Ron Bloom told reporters during an industry conference in Michigan today that the U.S. government has no interest in using its stake in General Motors Company to make a social policy such as offering more fuel-efficient cars or limiting auto emissions. He said that the management of General Motors and Chrysler will be [...]
After a little leak yesterday, Mercedes-Benz has finally released all the details, high-res images, and pricing (for Europe) of the new 2010 Mercedes-Benz E-Class Estate. The fifth generation E-Class will go on sale in Europe today with deliveries to begin on November 21. U.S. sales will begin in the middle of 2010 as a 2011 [...]
Remember the Gemballa Mirage GT Carbon Edition? It was a already hardcore Mirage GT but with a lot more carbon fiber in order to reduce weight. Gemballa has now come up with another special-edition Mirage GT known as the Gemballa Mirage GT Gold Edition. Instead of a lot of carbon fiber – there is a [...]
Infiniti confirmed today that it will hold the ‘virtual launch’ of the new 2011 Infiniti M sedan at the 59th annual Pebble Beach Concours d’Elegance on August 14. What do we mean by a ‘virtual launch?’ Bare with us here. Known as the Infiniti Journey of Inspiration, Nissan’s luxury brand will host a visual exploration of the brand, [...]
General Motors Company’s Chairman Edward Whitacre, who has previously claimed he doesn’t know anything about cars, finally held a press conference ever since taking his new position. The former AT&T chairman and CEO said that GM will be introducing certain vehicles sooner than originally planned to fight for its market share. “Our cash position is [...]
Earlier this week, BMW announced that it has chosen SB LiMotive as the supplier of lithium-ion battery cells for the future “Megacity Vehicle” project. Ever since, we’ve been hearing speculations about what BMW is going to call this new Megacity Vehicle and what brand will the new model be sold under. Around the same time BMW was [...]
