At the 2009 Frankfurt Motor Show, BMW Group’s Mini brand revealed the Mini Coupe and Mini Roadster concepts. Both models are expected to enter production and hit the roads by early 2011. We also know that the much-anticipated Mini Countryman Crossover will debut in the first part of 2010 with European and U.S. sales to [...]
Later today, Chrysler Group LLC’s CEO Sergio Marchionne will unveil the Auburn Hills automaker’s 5-year product and financial plan. Make sure you join us here sometime around 11 a.m. for all the updates. Before the show kicks off, an image showing Chrysler’s new logo has been leaked. According to Detroit Free Press, the U.S. Patent Office [...]
While the White House won’t guarantee that General Motors and Chrysler Group LLC will repay the full $62 billion they received in government bailouts, it said today that taxpayers will at least get “some” of the money back. The Government Accountability Report released Monday said that automakers are “unlikely” to repay all of the government [...]
This year at the 2009 SEMA Show, Subaru is showing what it calls a Subaru WRX STI TRAX. The vehicle started with a rally-prepared 2009 WRX STI and Subaru Rally Team USA’s technical partner, Vermont SportsCar, modified it to a one-off 400-hp sleigh built for, DC Shoes co-founder and SRT USA driver Ken Block. You [...]
General Motors’ board of directors said today that it will keep Opel and restructure it, putting an end to plans to sell the brand to Magna International. GM said that it expects the restructuring of Opel to cost 3 billion euros ($4.42 billion USD), which it says lowers the costs associated with outside bids for [...]
Fisker Automotive announced that it has picked a large distributor to sell its plug-in hybrid vehicles in Europe and is also looking for a similar deal in China. CEO Henrik Fisker said that the company will announce the name of the distributor group as early as Wednesday. It is reported that the distributor has more [...]
FoMoCo and General Motors Company both reported a sales increase for October while Chrysler Group LLC reported a significant decline. Ford reported a 3 percent increase in monthly sales over October of last year while GM said its sales increased 4 percent during the same period. GM sold a total of 177,603 vehicles in October [...]
General Motors’ efforts to sell Saturn to Penske Automotive Group fell through last month. The automaker is no longer producing Saturn vehicles as it proceeds to shutdown the brand completely. According to Automotive News, in an effort to clear out the remaining Saturn inventory, GM today launched an incentive program that runs through the end of [...]
At the 2009 SEMA show today, Kia unveiled its new U.S. motorsports program with the launch of a new Kia Forte Koup race car that will enter the 2010 GRAND-AM KONI Sports Car Challenge Series in the Street Tuner (ST) class. The GRAND-AM KONI Challenge Street Tuner (ST) class uses production-based race cars with a [...]
At first glance this may seem like GM’s answer to Ford’s F-150 SVT Raptor. Well, it’s not – not yet at least. The new Chevrolet Silverado ZR2 Concept, which is debuting today at the 2009 SEMA Show, features a widened body, tall stance and powerful LS supercharged engine and GM says it’s ready to “hit the [...]
