FoMoCo confirmed today that it has settled all substantive commercial terms to lead to the sale of Volvo Car Corporation to Zhejiang Geely Holding Group Company Limited. Ford, which confirmed Geely as its preferred bidder earlier this year, said that some work still remains to be completed before the official signing off including documentation, financing and government [...]
When it comes to the Nissan GT-R, not a month passes by where we don’t hear some wild ass rumor about the supercar. Earlier this month, its was reported that the next-generation GT-R will carry a hybrid system featuring an electric-motor capable of producing 160-hp. We now have more information on the Nissan GT-R Hybrid [...]
Gemballa, a well known Porsche tuner, has created a one-off wild looking Ferrari Enzo for its distributor in the Middle East. Known as the MIG-UI by Gemballa, the Enzo was modified for Mustafa and Illyas Galadari for their “Illyas and Mustafa Galadari Group” of Dubai. Did you really think you’d see something this crazy in any [...]
At the 2010 Detroit Auto Show next month, FoMoCo will unveil the next-generation Ford Focus. Of course, we’d eventually like to see Ford bring the European Focus RS hot-hatch to the states so we can do things like this to it. Meet the Ford Focus RS by Mcchip – a German based tuner that thought [...]
In a move to help regain profitability, Toyota Motor Corp. plans to cut auto parts procurement costs by approximately 30% over the next three years. The reduction will come via a switch to less expensive materials, and requests to suppliers to cut prices of parts by 30%-40%. Toyota faces its second consecutive annual operating loss, [...]
A joint venture between U.S. lithium-ion battery manufacturer A123 Systems, Inc. and top Chinese automaker SAIC Motor Corp. is going to be building battery systems for hybrid-electric vehicles, pure electric passenger vehicles, and heavy-duty trucks and buses in China. Dubbed ‘Shanghai Advanced Traction Battery Systems Co.’, the venture would be majority owned by SAIC as [...]
Ken Block’s Gymkhana Two – The Infomercial was a display of one of the most impressive driving skills we’ve ever laid eyes on. Well, what happens when you’re a little buzzed at 3 a.m. in the morning? You sit in front of your laptop and remix one of the most amazing videos on YouTube (with [...]
After leaving BMW earlier this year, auto design guru Chris Bangle has been anything but idle. Bangle left the Bavarian automaker this past March after 16 years of service, and retreated to an old farmhouse in Piemonte, Italy where he has been enjoying life and focusing on his post-BMW life. Under contract as a ‘silent’ [...]
Toyota CEO and Nurburgring 24 Hour race car driver Akio Toyoda has been pretty vocal about the Japanese automaker’s need to produce more emotional cars. The Lexus LFA and the upcoming Toyota FT-86 are just a hint of where Toyota is headed with that emotional design. Toyoda said that combining design with better driving dynamics [...]
According cross-shopping data from AutoTrader.com, if Saab is wound down by General Motors Company, BMW and Audi may be winners. The findings by the website show that 33 percent of Saab shoppers also looked at BMW and Audi vehicles while researching and comparing new and used vehicles on AutoTrader.com. “The top four brands Saab shoppers also [...]
