Speaking to AutoCar at the 2010 Car of Year Award event held for the new Polo, Volkswagen AG chairman Martin Winterkorn confirmed that the automaker is considering a smaller Porsche sports car and a smaller SUV. “The Porsche model range is firmly based on the 911, Boxster, Cayenne and Cayman, and it will stay that [...]
Following General Motors move, FoMoCo is also offering $1,000 trade-in cash on Ford, Lincoln and Mercury vehicles to lure in Toyota owners that are facing recalls on sticking accelerator pedals. “The offer is eligible to Acura, Honda, Toyota, Lexus and Scion owners,” Robert Parker, a Ford spokesman told Inside Line on Thursday. Ford did not [...]
2010 is going to be a very exciting year for BMW with some outstanding upgrades and additions to its 2011 model year lineup. The German automaker released a huge press release detailing the additions and upgrades and we’re going to highlight some of them so you don’t have to dig through the massive document. New [...]
The much anticipated deal between Ford and Chinese manufacturer Geely Automotive whereby the latter is to acquire Volvo, is set to be signed on February 8 according to the Chinese Media. Estimates for the final sale-price have been put between $1.5 billion and $2 billion. Ford acquired the Swedish carmaker in 1999 for $6.5 billion [...]
Yesterday, it was reported that Volkswagen will introduce a new performance division called R GmbH at the 2010 Geneva Motor Show. According to Inside Line, one of the fruits from R GmbH will be a R version of the upcoming sixth-generation Jetta. The model will push Volkswagen’s efforts to give the stateside lineup a greater [...]
According to Mike DiGiovanni, GM’s executive director of global market and industry analysis, leading economic indicators “are pointing to a robust recovery.” DiGiovanni said that GM is now increasing its sales forecast from the old 10.7 million – 11.7 million to 11.2 million – 11.7 million. DiGiovanni said that GM raised the bottom of the [...]
Mercedes-Benz has officially kicked of series production of the new 2011 SLS AMG at its Sindelfingen plant, the largest Mercedes-Benz plant. “Made in Sindelfingen also stands for the very highest production and product quality where the SLS AMG is concerned,” says Dr. Dieter Zetsche, Chairman of Daimler AG and CEO of Mercedes-Benz Cars. “From the [...]
What you’re looking at here are images that show scale models of the new Volkswagen Touareg that will debut at the 2010 Geneva Motor Show in March. As you can see from the pictures, the next-generation Touareg takes design cues from the new Golf, Polo and the Scirocco. The new Volkswagen Touareg will be based [...]
Rental car companies Hertz and Enterprise announced yesterday that they will be joining Avis in temporarily halting rentals of Toyota vehicles affected by the recent recalls. Enterprise Holdings said that it will remove all Toyota and Pontiac Vibe vehicles under recall for sticking accelerator pedals from its North American fleet. “We recognize that these actions [...]
Energy Secretary Steven Chu announced has closed a $1.4 billion loan to Nissan North America, Inc. to support work on their Smyrna, Tenn. plant that will produce the Nissan LEAF; Nissan”s zero-emission, all-electric vehicle, and the lithium-ion batteries that will power them. The loan comes by way of a program that stems from Energy Independence [...]
