According to the folks over at Car Design News, Sangyup Lee, the respected designer of the 2010 Chevrolet Camaro, has resigned from General Motors and is on his way to accept a position as Chief Designer of Exterior at the Volkswagen/Audi Advanced studio in California. Lee will take up his new position in mid-2010 and [...]
While Toyota works on getting its FT-86 rear-wheel-drive coupe on the road and as Nissan plans a rival, another Japanese automaker is going to throw its two cents into the segment as well. Sources close to Mazda say that RX-7 should see a revival sometime in early 2011 and will mark the end of the [...]
At the 2010 Detroit Auto Show next month, Toyota will unveil a new dedicated hybrid concept (no name confirmed yet). According to sources familiar with the project, Toyota plans on expanding its hybrid lineup with a new subcompact hybrid-only model, which will be based on the concept seen in Detroit. The model, which will be [...]
As if Toyota wasn’t in enough trouble already, Venezuela’s President Hugo Chavez has threatened to expel the automaker unless it produces an all-terrain model of 4×4 vehicles for public transport in poor an rural areas. In a speech made late Wednesday, Chavez also said that he would not hesitate to expel and expropriate plants from [...]
We wanted to let you know that we’ll be taking a day off today to celebrate the Holidays with our families. We should be back tomorrow with some new content. Happy Holidays from everyone here at egmCarTech. Drive home safe from wherever you’re driving from. While you’re here – check out one of our favorite [...]
According to a report by Italy’s Quattroruote, Ferrari is planning to show a concept version of the 599 Hybrid at the 2010 Geneva Motor Show. The report says that Ferrari will draw on the experience gained in this year’s Formula 1 with its energy-recovery Kers system. The concept will carry a set of lithium-ion batteries [...]
Lotus is celebrating its return to F1 by paying a tribute to its Lotus Type 72 Formula One car, which won 20 Grand Prix victories between 1970 and 1975. The new Lotus Exige S Type 72 features a black and gold exterior finished by the same sign writer who painted the race cars for Team [...]
Most of you are probably hoping to hear something about the future of Saab any day now – well, don’t hold your breath. According to Automotive News, General Motors is continuing with the process of winding down Saab and does not plant to make any announcement regarding a sale of the Swedish brand. GM spokesman [...]
General Motors Company’s new CFO, Chris Liddell, will receive a salary of $750,000 in 2010 and will get another $5.45 million worth of company stock starting in 2012 when GM intends to sell its shares to the public. Liddell’s package exceeds the imposed limits on companies that received government aid, but GM said in a [...]
After buying design and technology from GM’s Saab, Chinese automaker Beijing Automotive Industry Holding Corp. plans to launch an aggressive marketing campaign at home and abroad in order to develop their brand. After paying $200 million for three vehicle platforms and two engine technologies from Saab, BAIC will sink another $4.8 billion into R&D over [...]
