FoMoCo announced today that it has reached a tentative agreement on additional modifications to the 2007 UAW/Ford national labor contract, a move that could help Ford improve its current and long-term competitiveness in the United States. “The tentative agreement, which covers approximately 41,000 UAW-represented employees in the United States, is subject to ratification by the [...]
According to sources close to the negotiations, General Motors Company will sign a deal on Thursday to sell a majority stake in Opel to Magna International. It was confirmed about a month ago that under a new deal, Magna and Sberbank will own a 55 percent stake in Opel, while GM will hold a 35 [...]
Love the Mitsubishi Lancer Evolution but looking for a little more refinement and class? Until now, Mitsubishi offered only two variants of the Lancer Evolution sedan including the GSR and MR. Well, meet the new 2010 Mitsubishi Lancer Evolution MR Touring, the range topping Evo with a $40,990 price-tag that moves the hot Mitsubishi sedan into [...]
Just last week we brought you updated details on the 2011 Volvo S60. Volvo announced today that it was recently testing its new Collision Warning system with Full Auto Brake and Pedestrian Detection in a disguised S60 prototype in Copenhagen. The technology will be introduced with the 2011 Volvo S60 next year. “Factors like traffic [...]
This past weekend I stopped by a local Dunkin Donuts for a late coffee break near my house in New Jersey. While pulling in, I noticed a brand-new 2010 BMW 5-Series Gran Turismo parked right in front of me. I got out and started taking a look around the car and the black stickers that [...]
It was reported last week that China”s Sichuan Tengzhong Heavy Industrial Machinery has closed a deal with General Motors Company to buy the Detroit automaker’s HUMMER brand. Apparently, nothing is final just yet; Tengzhong is now in the process of seeking regulatory approval and aims to close the deal by early 2010. “We have started [...]
Ford announced today that its market share in 19 European main markets reached 10.1 percent in September, the highest share for any month since September 2001, and a 0.8 percentage point increase over the same month a year ago. “Traditionally we expect Ford to have a good month in September given the surge of new [...]
Linda Brentar, a widow of an Ohio patrolman, is suing FoMoCo and claims that her husband’s death is the cause of engineering problems with the Ford Crown Victoria cruiser he was driving when it crashed into a pole and caught fire on Interstate 90 near Cleveland. In a lawsuit filed this week, Brentar says that [...]
Pininfarina’s CEO told Italian newspaper, Sunday’s Il Sole 24 Ore, that its electric-vehicle joint venture with French financier Vincent Bollore is still on track. CEO Silvio Pietro Angori told the newspaper that the group has received more than 6,000 orders for the Bluecar, which will arrive on the market in 2011. “The joint venture is to develop [...]
Subaru has released additional pictures of its new Hybrid Tourer Concept, which will make its official debut at the 2009 Tokyo Motor Show. Subaru says that the concept features the company’s “latest evolutions in handling agility, riding comfort and superior safety performance.” It also hints at a feature hybrid grand touring model. Power for the Subaru [...]
