Klaus Dieter Frers will resign his position as CEO of his brand Artega, which has now been completely sold to Mexican private investor Tresalia Capital, who has held a minority stake in Artega since October 2008. Tresalia Capital, which now owns 100 percent of Artega, is also one of the major shareholders in the Mexican [...]
We’ve been hearing a lot about an M version of the 1-Series as of recently, but according to sources, the model has yet to be given the green light for production. While M division boss Kay Segler is all game for the compact pocket rocket, BMW has yet to make a business case for it. [...]
Say goodbye to the sweet whining of the turbocharger in the Mitsubishi Lancer Evolution. According to sources, the next-generation Lancer Evo XI will be a plug-in hybrid sedan that uses an electric-motor instead of a turbocharger that it uses right now. The system will use the same platform as the Concept PX-MiEV plug-in hybrid concept from [...]
Remember Mercury? That third brand in the FoMoCo lineup next to Ford and Lincoln? While Mercury hasn’t shown a new car or new concept since before any of us were born, CEO Alan Mulally doesn’t seem to want to give up on the brand just yet. Asked at the 2010 Washington Auto Show whether or [...]
Yesterday, General Motors confirmed that it has reached an agreement with Spyker Cars N.V. to sell its Saab brand to the Swedish supercar manufacturer. With all the delays, rumors and speculations, you may be wondering what actually went on behind closed doors and how much Spyker will actually end up paying for Saab. According to [...]
If the last couple of years weren’t crucial enough, Chrysler Group LLC’s new CEO Sergio Marchionne said yesterday that 2010 will be a very significant year to rebuild consumer confidence in the Auburn Hills automaker. “These things take time, but I think 2010 is the crucial year. We need to do most of that work [...]
More than 1,500 out of nearly 3,000 cut by GM and Chrysler have filed appeals ahead of the midnight deadline set forth by congress not too long ago. A final number of appeals filed will not be known until Friday, as any application postmarked before midnight will be accepted. As of this afternoon however, there [...]
With most gasoline powered vehicles, we are interested in how fast they will go from 0-60 mph. Think announced today that it has teamed up with AeroVironment, Inc., a leading developer and supplier of electric vehicle charging infrastructure, to demo the company’s level III fast-charge system and the Think City electric-car. The team held a [...]
Toyota announced today that it is temporarily suspending sales of eight models that are involved in the recall for a sticking accelerator pedal. The vehicles include the 2009-2010 Toyota Corolla, 2007-2010 Toyota Camry, 2010 Toyota Highlander and others. “Helping ensure the safety of our customers and restoring confidence in Toyota are very important to our [...]
Auto supplier Magna International Inc. has picked up the contract to supply GM with the tops for the new Chevrolet Camaro convertible. German supplier Edscha AG had originally had the contract, but their filing for insolvency has put GM in the position to give the business to Canada based Magna. GM estimates production of about [...]
