Cash-for-clunkers has triggered what the White House says could be the biggest two-month spike in auto sales on record. A preliminary analysis submitted to Congress puts GDP estimates at 0.3 to 0.4 percentage points higher at annual rate when compared to what it would have been without the program, reports Automotive News. This increase “will [...]
Toyota, the biggest automaker on the globe, will cut production capacity by 1 million vehicles, reducing it by 10 percent. The first step in these cuts will be to shut down New United Motor Manufacturing Inc, and halting production lines at plants around Japan and England. Toyota’s production capacity after the cuts will be about [...]
Earlier this morning we saw our first look at Mini’s new Coupe Concept, scheduled to make its debut at the 2009 Frankfurt Motor Show next month. At the time we were only able to show you some studio shots; however, Mini has now released a bunch of real-world shots of the Mini Coupe Concept in [...]
Nissan and Chrysler have both released statements saying that they have mutually decided to end their plans to produce three vehicles for one another. “For the past several months, teams from both companies have been studying the viability of the projects in light of significant changes in business conditions since the projects were announced in January [...]
BMW has just released a short teaser for its upcoming Vision EfficientDynamics Concept scheduled to be unveiled at the 2009 Frankfurt Motor Show next month. The teaser follows a bunch of spy shots of a new BMW concept that we saw earlier this month. Does this teaser have anything to do with those shots? We’re [...]
When we first sat down in the 2009 Audi Q5 3.2 quattro Triptronic, we felt like were in an airplane cockpit. There were just way too many buttons, too much going on inside Audi’s new crossover. However, after we got ourselves situated and started messing around with the company’s new-generation MMI… we were blown away. [...]
After charging Daimler AG with fraud, creditors of the old Chrysler filed a 31 page lawsuit last week claiming Daimler diverted billions of dollars from Chrysler by separating their financial division before the sale of 80.1% of the company to Cerberus Capital Management, two years ago. It is now reported that Chrysler Group LLC is also [...]
Lotus’ line of Exige Cup has generated somewhat of a cult following with dedicated fans of the vehicle since its inception with the Lotus Exige Cup 240 in 2006. During the last 4 model years, Exige Cup cars have been sold either for racing on the track or for pure road-going adrenaline. For the 2010 [...]
The Nissan Project Zed dragster will race for the first time ever in Europe at the FIA European Finals at Santa Pod held next month. Power for the Project Zed comes from Nissan 350Z’s 3.5L V6 engine tuned to produce nearly 1,900-hp. Not only does the Project Zed go from 0-60 mph in only 1.2 seconds, but [...]
Earlier last week, Gemballa released images of its modifications for the 2010 Porsche Panamera. However, they were quiet on the what modifications they have made under the hood… until now. Most of the Gemballa press release focuses on the visual enhancements made on the Panamera. As for the performance upgrades, Gemballa said that plans include [...]
