Ferrari sources confirmed today that the company is working on an electrically driven 4×4 system for its future vehicles. Senior insiders at the company said that the final hybrid design will be used for front-engined GT models that will drive the front wheels. Don’t expect to see the electric 4×4 system in models until at [...]
Just before October ended, The Wall Street Journal leaked some details from Chrysler Group LLC CEO Sergio Marchionne’s 5-year business and product plan. The full plan in detail will be revealed on November 4. According to people familiar with the plan, Fiat will also scrap Chrysler’s long-held plans for its brands outside of North America [...]
FoMoCo announced today that it would pay back and extend by two years $10.7 billion of secured debut and issue some $3 billion of stock and equity linked to securities to improve its balance sheet. The Dearborn automaker said that it would pay down $2.5 billion of its secured debut due in December 2011 and [...]
Toyota’s new President Akio Toyoda is rewriting the playbook to revive the brand’s battered sales and tattered image in the United States. Toyoda plans on reviewing a possible trim in the full-frame truck lineup, skipping mid-cycle vehicle enhancements to focus on bigger launches, introducing more hybrids to the North American market and giving U.S. engineers [...]
Making our Mondays just a little brighter, Aston Martin today released a bunch of new images of the 2010 Rapide sedan. We’re just going to end with that since you’re probably already looking at the high-res gallery (posted after the jump). Click here for more news on the Aston Martin Rapide. Refresher: Power comes from [...]
Ford’s factory drifter Vaughn Gittin Jr. has released its own modified version of the 2010 Ford Mustang that will debut at the 2009 SEMA show later this week. Known as the Ford Mustang RTR, the whole modification package will be available at Ford dealers in February of 2010 with prices starting at $7,800. The Mustang RTR [...]
Almost 100 Ferraris drove a trail across the United Arab Emirates over the weekend. They started out from Dubai and ended their journey in Abu Dhabi where they pulled up to the Yas Marina Circuit where they watched free practice sessions for the first Abu Dhabi Grand Prix. “Numbering both new and classic Prancing Horse cars, [...]
The United Auto Workers overwhelmingly rejected new proposed concessions Ford had said that it needs to stay competitive with domestic rivals General Motors Company and Chrysler Group LLC. However, the Canadian Auto Workers on Sunday accepted the cuts to retain jobs. While an official UAW tally is not yet available, it is reported that workers voted [...]
After dropping plans to produce an Acura NSX along with the cancellation of a V8 engine and a rear-wheel-drive program, Acura is reversing its direction in North America. There is “a certain level of confusion” about Acura in the marketplace, Honda Motor Co. CEO Takanobu Ito told Automotive News. “We are in the midst of [...]
It seems like Porsche’s new four-door Panamera is off to a good start in the United States. According to Porsche Cars North America COO Michael Bartsch, the automaker has sold 983 units of the Panamera sedan, which went on sale in the U.S. on Oct. 17. “We now have a new level of floor traffic [...]
