Speaking at the Peterson Institute for International Economics in Washington, Chrysler Group LLC and Fiat SpA CEO Sergio Marchionne admitted that he is only human and not the superman we all thought he was. Marchionne said that within the next 24 months, he won’t be CEO of both companies, but did not specify from which company [...]
When General Motors Company and Tiger Woods parted their ways late last year, GM asked the pro-golfer to keep some GM vehicles for his personal use, including the Buick Enclave and the now famous Cadillac Escalade. According to the folks over at Drive On, the crashed Escalade could be repaired and auctioned off. Speaking to [...]
Want to be teased early in the morning? Volkswagen is here to help. The automaker just dropped more than a dozen pictures of the new 2009 Volkswagen Scirocco R to make us jealous since we won’t be getting the sexy hatch in the U.S. anytime soon (if ever). Refresher: Power for the 2009 Volkswagen Scirocco [...]
Toyota has decided to cancel plans to introduce its luxury Lexus brand in India because the company has too many things on its plate – really that’s the real reason. According to Inside Line, Toyota has its hands full working on a new upcoming small-car project for Lexus (may be a production version of the [...]
Chrysler Group LLC’s iconic muscle cars such as the Challenger and Charger will continue to be sold under the Dodge brand in Europe; however, other Dodge vehicles like the Journey and Nitro could soon be rebadged as Fiats, reports Automotive News Europe. “The Challenger and Charger are by definition American vehicles and you cannot turn [...]
Ed Whitacre, chairman and acting CEO for General Motors, is avoiding making a public statement regarding the recently tumultuous nature of the company’s leadership. Whitacre was scheduled by GM to speak to the press tomorrow morning regarding the board’s seeking and receiving of, CEO Fritz Henderson’s resignation last week. Earlier today, GM announced that Whitacre [...]
Volkswagen AG announced today that it has taken a 49.9 percent stake in Porsche AG. “The next important step on the way towards the integrated automotive group with Porsche has therefore been completed, as announced, before the end of the year,” Volkswagen said in a statement. “The price for the stake is €3.9 billion ($5.8 [...]
Toyota plans to to add 850 workers when they institute a second shift at their San Antonio, Texas pickup factory in February, according to company manufacturing spokesman, Mike Goss. The move is to make San Antonio able to handle the influx of volume that it will be receiving by way of Toyota moving production of [...]
Nissan announced today that it will be teaming up with the City of San Francisco and the Bay Area EV Corridor program to develop an electric-vehicle charging network in the nine-county region. The cities of Oakland and San Jose, county governments in the Bay Area are also participants in the regional EV Corridor program. As [...]
Chinese based Geely Automobile Holdings Ltd., whose parent company is the preferred bidder by Ford to acquire Volvo, has let it be known that they intend to continue to seek acquisition opportunities and are more than open to joint projects to develop new technologies. The company was formerly in talks with GM about acquiring Saab, [...]
