Ford is poised to evolve the small-car market to include premium priced vehicles with the introduction of the 2011 Ford Fiesta which, fully loaded, will command a price in excess of $23,000. With the price already announced, Ford has been able to lock down 1,000 orders, says FoMoCo group VP of global marketing Jim Farley. [...]
FoMoCo announced on Friday that its lineup of 2010 Ford, Lincoln and Mercury models recorded the largest increase in residual values from the 2009 to 2010 model year. Boosted by improved quality, fuel-economy and design, the projected resale value of 2010 FoMoCo models after 36 months in service increased by an average of $1,310 per [...]
FoMoCo today offered buyout or retirement incentives to all of its 41,000 U.S. hourly workers as it tries to reduce costs by cutting its factory work force. While Ford was the only domestic automaker that avoided government aid and bankruptcy protection, it still has more workers than it needs to produce vehicles at current sales [...]
About two weeks ago, the folks over at Temple of VTec received some leaked images from a JDM Honda CR-Z Hybrid coupe brochure. Today, the site has received some more images, but this time we get to see some interior shots and unlike last time, they are all in high-res. The Honda CR-Z Hybrid will [...]
Those hoping to strike a merger or acquisition deal with Volkswagen AG anytime soon should stay at bay. CEO Martin Winterkorn has made it clear that the company’s recent deal-making rampage, which included VW taking an almost 20% stake in Suzuki and a 49.9% stake in Porsche only days apart, has come to an end. [...]
As reported yesterday, Spyker Cars announced that it has submitted a renewed offer for Saab. CEO Victor Muller said that an 11-point proposal was submitted to GM, addressing each of the issues that came up during the due diligence process and that the renewed offer would remove those obstacles. Originally Spyker’s bid was to expire [...]
Subaru is definitely one manufacturer with a decidedly niche market appeal. However, when one considers their record breaking sales amidst falling figures everywhere in the industry, they are one of the top performers, as far as sales is concerned. This is due largely to the recent upgrades the Japanese automaker has made to three of [...]
FoMoCo’s truck design chief Pat Schiavone, is leaving the industry, confirmed company Spokeswoman Marcey Evans. Schiavone’s resignation is set to be effective January 4, 2010. Website PickupTrucks.com has cited sources familiar with the move as saying that Schiavone will be joining the ranks of Whirlpool Corp. Schiavone has worked for Ford for 21 years, serving [...]
FoMoCo announced today that it will offer WiFi in its vehicles when it launches the second-generation of its SYNC system next year. The WiFi system in the next-generation SYNC will be powered an owner’s compatible USB mobile broadband modem, turning the entire vehicle into a hot spot. The new feature will be standard on SYNC [...]
The Audi e-tron, which is scheduled for a limited production run in 2012, is turning out to be an enthusiasts dream. Powered by four electric-motors, Audi says that the e-tron will produce 313-hp and a maximum torque of 3,319 lb-ft. That will allow the e-tron to go from 0-62 mph in 4.8 seconds with a [...]
