The state of Virginia this past weekend used the weakness of motorists to solve the state’s $2.2 billion budget deficit. According to reports, Virginia’s revenue-pumping ticket blitz resulted in an outstanding 7,016 traffic tickets this past weekend. Apparently, tax dollars helped fund Virginia’s budget-fixing move with overtime for the state troopers being paid via a [...]
General Motors Chairman and CEO Edward Whitacre said today that the company will pay back roughly $8 billion in debt to the United States and Canada before June, quicker than the Detroit automaker originally promised. In December, Whitacre said that GM would pay back its government loans by June. “I believe we’re going to beat [...]
Earlier today, president of General Motors North America, Mark Reuss held a live Webchat to talk about the state of GM North America. Besides a bunch of industry question Reuss was asked whether or not there will be a Chevrolet Cruze coupe in the future. He responded: 2 door cruze is a nice idea, and [...]
So you’re pretty rich and own a Lamborghini Gallardo LP560-4 and were pretty disappointed to see that Lamborghini finally released the Gallardo LP570-4 Superleggera at the 2010 Geneva Motor Show because you’d much rather have the most exclusive Gallardo ever (yes, we know, we doubt anyone reading this article feels that way). Either way, if [...]
Want your Aston Martin Rapide as a shooting brake or as a convertible? Well, if you have the money and the imagination, you can probably get one in a couple of years. Speaking to AutoExpress at the 2010 Geneva Motor Show, Aston Martin design director Marek Reichman said that he wants to set a new [...]
In a farewell letter sent to customers, Ralliart announced today that it is going to close its doors as of March 2010. “Because of the sudden change of economy situation since the year before last, the business circumstance surrounding our company radically became worse and so, this time we have reached the conclusion that we [...]
According to a report by Swedish financial daily Dagens Industri, Chinese automaker Geely has reportedly obtained financing for its long-overdue purchase of Volvo from FoMoCo. The report says that financing was concluded in recent days and the money is now in Geely’s bank account. Geely will reportedly cash out about $2 billion for the Swedish [...]
Chrysler announced today that it has appointed Laura J, Soave to serve as the Head of the Fiat Brand for North America. Chrysler said that Soave will lead the reintroduction of the Fiat Brand in North America, which will begin with the Fiat 500 – meaning we will most likely see other Fiat models make it [...]
At the NTEA Work Truck Show today, Nissan unveiled the new 2011 Nissan NV (Nissan Van), its first production commercial vehicle for the North American market. The first production commercial vehicles from Nissan in North America will consists of the 2011 Nissan NV1500, NV2500 HD and NV3500 HD. All will be available with a choice of [...]
While Toyota’s recent issues might at first seem to be a reason for Ford, GM, and Chrysler to pop the champagne, there are those in Detroit who are privately in fury over what is perceived as calculated and misleading attempts by Toyota’s PR people at trashing the quality of records of the American manufacturers in [...]
