FoMoCo released a statement today announcing that Zhejiang Geely Holding Group is its preferred bidder for the possible sale of Volvo Car Corporation. Ford said that while it will be engaging in a more detailed and focused negotiation with Geely, no final decisions have been made. “Ford”s objective in our discussions with Geely is to secure [...]
Following the Toyota FT-86 Concept, Subaru is getting ready to unveil its version of the rear-wheel-drive sports coupe. Internally known as the 086A, the Subaru version will bigger and badder than its Toyota sibling. According to Japan’s BestCar, the production 086A will be powered by a 2.0L turbocharged powerplant sending 250-hp to all four wheels. [...]
Jill Lajdziak, who joined General Motors’ Saturn brand before its first car was ever sold, will retire from the company by the end of 2009. Lajdziak, 52, led the Saturn brand through its demise last month. She will take vacation time until her retirement said spokesman John McDonald. In the mean time, GM’s Steve Hill will [...]
PSA/Peugeot-Citroen CEO Phillipe Varin targets to deepen its cooperation with BMW beyond engine sharing. According to a report by Automotive News, Varin said that he has been talking with BMW CEO Norbert Reithofer about cooperating in areas such as purchasing and components including transmission and climate control systems. Right now, PSA and BMW’s Mini brand [...]
According to a report by Frankfurter Allgemeine Zeitung, Germany’s new government will take a new look at the sale of General Motors’ Opel unit to Magna International and may consider an arrangement where the brand remains with GM. “The new government will take another look at decisions made up to now on Opel and imminent [...]
The lead bankruptcy law firm and the main financial adviser that was involved with Chrysler’s bankruptcy process will receive a total of $23.7 million from the estate of Old Carco LLC for their four months of hard work. $19.2 million of the total will go to Jones day, the law firm that worked through Chrysler’s [...]
Las Vegas and most of the tuner industry is getting ready for the 2009 SEMA Show next week. The folks at SpeedFactory will come to the show with their new supercharged, all-aluminum 440 HEMI-powered Dodge Challenger. SpeedFactory took the 2009 Dodge Challenger SRT8 with a 6.1L HEMI Mopar aluminum block and increased the displacement to [...]
At an Automotive Press Association luncheon in Detroit, Consumer Reports announced that FoMoCo secured its position as the only Detroit automaker with world-class reliability. The publication said that of 51 Ford, Mercury and Lincoln vehicles tested, 46 had average or better reliability. Consumer Reports said that other than the Toyota Prius, the reliability of the [...]
Now that the 2010 Hyundai Genesis Coupe is out pleasing the rear-wheel-drive sports coupe segment lovers, Hyundai is finally gearing up to launch the promised Genesis Coupe 2.0T R-Spec model. Hyundai says that the 2010 Genesis Coupe 2.0T R-Spec model is “the perfect blank canvas for tuners” with prices starting at $23,750. Power comes from [...]
It has been rumored for some time now that Brad Pitt has been seen flying around in a new 2010 Chevrolet Camaro SS. The folks at Celebrity Car Blog have now spotted the Benjamin Button star rolling around in his new muscle car. We guess the Camaro SS goes with the whole bearded American badass [...]
