Archive | November, 2009
Report or Rumor: Hardcore Ferrari 599 GT0 coming to the Geneva in 2010

Report or Rumor: Hardcore Ferrari 599 GT0 coming to the Geneva in 2010

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 [...]

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Tata looking for Ratan Tata’s successor

Tata looking for Ratan Tata’s successor

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 candidatesĀ 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 [...]

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Billionaire financier invests $52.9 million in Ford

Billionaire financier invests $52.9 million in Ford

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 [...]

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Study: Electric-vehicle sales will hit 14 million in the U.S. by 2020

Study: Electric-vehicle sales will hit 14 million in the U.S. by 2020

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 [...]

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U.S. government encouraged by Fiat’s plan for Chrysler, no IPO before 2011

U.S. government encouraged by Fiat’s plan for Chrysler, no IPO before 2011

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 [...]

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360-hp Fiat 500 by Romeo Ferraris to race in 6 Hours of Vallelunga

360-hp Fiat 500 by Romeo Ferraris to race in 6 Hours of Vallelunga

You probably thought that Abarth’sĀ 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 [...]

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Obama administration wants to fast track GM IPO

Obama administration wants to fast track GM IPO

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 [...]

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First U.S.-built Kia rolls off production line in Georgia

First U.S.-built Kia rolls off production line in Georgia

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 [...]

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GM looking at 2 candidates for CFO Ray Young’s replacement

GM looking at 2 candidates for CFO Ray Young’s replacement

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 [...]

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First Drive: Test-driving the new Nissan LEAF EV… sort of

First Drive: Test-driving the new Nissan LEAF EV… sort of

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, [...]

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