We’ve been hearing rumors about a hardcore version of the 599 GTB Fiorano for some time now. According to Autogespot, the rumors may in fact be true. The publication reports that the car, known as the 599 GTO, will pay homage to the legendary 250 GTO of the 1960s. Power is said to come from [...]
Tata said it is looking for a successor to 71-year old chairman Ratan Tata. The company said that it is considering local and foreign candidates to head the group that includes Tata Motors, Tata Steel, Tata Consultancy Services and Tata Power among its 27 listed companies. “We are in the process of formalising a successor to [...]
FoMoCo has been enjoying some really good news in the past couple of days. Just last week, the company’s Ford Fusion entered into the list of America”s Top 10 selling vehicles and became the No. 1 selling domestic car. Yesterday, the Fusion was also awarded Motor Trend’s 2010 Car of the Year award. “It’s really [...]
A new study called Electrification Roadmap predicts that there will be at least 14 million electric-vehicles on U.S. roads by 2020 and that EVs could account for 75 percent of all light-duty miles driven by 2040. The new study is backed by Nissan, FedEx, Coda Automotive and Coulomb Technologies. “Up to now, electrification seemed like [...]
Though they are encouraged by Chrysler’s turnaround plan, the U.S. government will not push for a quick IPO, a senior official told Reuters. Sergio Marchionne, CEO of Fiat, who now controls Chrysler, released Chrysler’s five-year plan earlier this month, and said that Chrysler should be operating on a break-even basis by 2011. Marchionne’s plan rests [...]
You probably thought that Abarth’s 695 Tributo Ferrari was one of the hottest Fiat 500s you’ve ever seen. Well, we’d now like to introduce you to Romeo Ferraris’ modified Fiat 500 that will take part in the ’6 Hours of Vallelunga.’ The carbon-fiber Fiat 500 is powered by a 1.4L turbocharged 4-cylinder engine that produces an [...]
The Obama administration wants General Motors to expedite their IPO as the government had wanted to “err on the side of getting out (of their investment) a little faster”. “Private markets would like to see us exit this investment, and I think they will be more comfortable if we’re on a sustained path out the [...]
Kia’s fist U.S. built vehicle, a white 2011 Kia Sorento crossover, rolled off the production line today at Kia Motoring Manufacturing Georgia. “The start of production for our first manufacturing facility in the United States further demonstrates our commitment to growth in North America and we are proud to be adding 2,500 jobs to the [...]
GM has narrowed its search to two candidates to replace CFO Ray Young and according to Automotive News, a decision may come as early as the end of the year. Both candidates are from outside the auto industry and are from a pool of seven executives chosen with the assistance of executive search firm, Crist [...]
As some of you may remember, at the Dodgers Stadium here in Los Angeles last April I test drove a Nissan Cube fitted with what was to eventually be the powertrain of the new 2011 Nissan Leaf. What seemed to be an exercise in futurism, now looking back, was more close to reality that we, [...]
