Hyundai stands extremely confident in their all-new 2011 Sonata, but still feels that it could use some support in the U.S. market, and so it is implementing its most expensive launch program ever. $160 million is being spent to launch the vehicle, which is just reaching dealers now. Compared to the next most expensive campaigns, [...]
As predicted by many industry analysts, Spyker is going to need a serious infusion of cash if they expect to make their acquisition of Saab a profitable move. In order to gain profitability, the Dutch custom-car builder will have to double Saab”s production, roll out new models, and build a vast network through which to [...]
Honda is making strides towards developing hybrid systems for use in larger cars, according to the company”s head of automobile research and development. “We’ve left the research stage and entered the field of development,” Tomohiko Kawanabe, chief operating officer of automobile r&d at Japan’s No.2 automaker. Right now, Honda”s hybrid system is based off of [...]
All the PR work in the world may not be able to save Toyota, as a former ToMoCo lawyer has made it known that the company is in possession of certain documents that show that it has destroyed legal evidence concerning SUV rollover accidents. As would be expected, the House Oversight Committee issued a subpoena [...]
While the concept pictured above sports a Tesla Motors logo in the front, the concept has nothing to do with the company’s California design team. Tesla actually commissioned a group of eleven L ‘Istituto Europeo di Design (IED) of Turin students studying for their Master of Arts in Transportation Design, to come up with a [...]
At the 2010 Geneva Motor Show next month, BMW Performance will unveil a set of modifications for the already sporty looking X6 crossover. Modifications or upgrades will be available for the aerodynamics, powertrain, suspension, and the cabin. These items can all be purchased individually. Starting June, BMW Performance will also offer its Power Kit performance [...]
Last week, Toyota’s CEO Akio Toyoda said that he will not appear before U.S. lawmakers at hearings scheduled for the end of this month. However, he said he would consider appearing before Congress if he was invited. Earlier this morning, Rep. Ed Towns (D-New York), chairman of the Committee on Oversight and Government Reform, sent Toyoda [...]
Italian supercar maker Ferrari SpA said that its operating profits fell 28 percent in 2009, due to “unfavorable exchange rates” including a weak dollar. Ferrari said sales were down 5 percent, to 6,250 units, while revenue fell 7 percent to $2.4 billion. Operating profit fell from $465 million in 2008 to $334 million. Ferrari Chairman [...]
The Insurance Institute for Highway Safety has awarded the 2011 Hyundai Sonata its 2010 Top Safety Pick. The 2011 Sonata scored a rating of good in front, side, rollover, and rear tests and standard electronic stability control. Hyundai announced yesterday that it will debut a turbo and hybrid variant of the new Sonata at the [...]
The Porsche Museum in Germany will be sending its legendary Type 64 Berlin Rome Car on a long journey to Atlanta where it will be displayed at the High Museum of Art to celebrate the brand’s 60th anniversary in America. “Type 64 is of very special significance to the history of the Porsche brand: Built [...]
