The European Union is in the process of reviewing the Opel situation and the process by which Magna and Sberbank got involved, according to John Smith, GM Group Vice President, Corporate Planning and Alliances. “Such a review is usual and customary when extensive government financial support is involved.” says Smith. “Last week, the Directorate-General for [...]
Volkswagen is going to be launching their new 2010 Volkswagen GTI exclusively via their iPhone app. The move, an industry first, offers immense bang-for-the-advertising-buck according to the article. the annual budget for mobil services runs $500,000. Compare that to the $60 million media blitz that VW ran with the release of their 2006 GTI and [...]
According to a report by Gearlog navigation system sales numbers will decrease 1% this year and is expected to stay low through 2013. Market researcher iSuppli Corp. predict that the norm will 41 million to 44 million units moved for the next four years will be the norm. This will likely translate into a decrease [...]
Last month the folks over at GM were good enough to let us test-drive the direct-injected, 4-cylinder, 2.4L 2010 Chevrolet Equinox. This month though, we were given a week with the Equinox’s Theta platform sibling, the 2010 GMC Terrain. Though the two cars share the Theta platform, the 2010 Terrain has considerably more power that [...]
Dodge announced today that it will offer an exclusive production run of the 2010 Dodge Challenger R/T and the 2010 Dodge Challenger SRT8 in the classic Plum Crazy Pearl Coat exterior color. Prices of the 376-hp 2010 Challenger R/T Classic in Plum Crazy Pearl Coat will start at $35,140 while the 425-hp SRT8 model will [...]
Toyota’s engineers in the land down under are hard at work on the new Australian-built hybrid Camry, which they say will be faster and sportier than its gasoline sibling. Even with more aggressiveness, the hybrid Camry will use less fuel than Toyota’s Yaris, says the man heading the car’s development. Toyota Camry hybrid’s chief engineer [...]
The United States Treasury Department said yesterday that Chrysler Financial is working to close down by the end of 2011. “Chrysler Financial is currently following Treasury’s directive to liquidate its business in an orderly fashion,” said Kenneth Feinberg, the U.S. Treasury’s czar overseeing pay for top executives at the seven firms that received large government [...]
Here are your first batch of pickups from the new Ram brand and the first new vehicles from Chrysler Group LLC since it emerged from Bankruptcy in June. “This is the continuation of the reinvention of our Dodge Ram lineup,” said Fred Diaz, President and Chief Executive Officer”“Dodge Ram Brand, Chrysler Group LLC. “During the [...]
General Motors Company’s Vice Chairman Bob Lutz is out preparing for the upcoming Cadillac V-Series Challenge where he will race qualifying racers (and comparable vehicles) in a Cadillac CTS-V at the Monticello Motor Club on October 29. GM has just released a video showing Lutz practicing for the big day. The event has drawn 120 applications, out [...]
If you’re looking to purchase a sporty electric-car and live in the state Colorado, you’re in luck. With a special state tax credit, those looking to purchase a 2009 Tesla Roadster will receive a $42,083 tax credit bringing the base price of $109,900 to $67,800. The tax credit ends on December 31 and offers Colorado [...]
