Daimler AG plans on doubling its investment in green technologies in the next two years for its Mercedes-Benz unit, which will roll out plug-in hybrids and fuel-cell vehicles in every segment over the next few years. The company plans on spending $1.4 billion in each of the next two years to develop batteries and fuel-efficient [...]
It was reported last week that BMW will lease 700 units of the all-electric 1-Series ActiveE to customers residing in major cities around the world. Of the 700, 200 were reported to come to the United States. BMW just released a short statement today saying that “recent published reports have incorrectly stated that the size [...]
Ford’s 2010 Fusion and Fusion Hybrid are both continuing there momentum in 2010 with sales of both models bringing in a total of 60 percent of new buyers to the brand, up 54 percent from January and 49 percent from 2009. Ford Fusion Hybrid sales to new buyers increased to 82 percent last month from [...]
The next-generation Chevrolet Corvette may not be an all-American sports car. For the first time ever General Motors invited its design studios from across the world to submit design studies for the next-generation Corvette after Ed Welburn, GM’s vice president of global design asked GM’s 10 styling studios to submit design proposals last year. “Some [...]
Maurizio Parlato, 47 and a 20-year Ferrari veteran, was let go after seven years as head of the company’s North American operations. His new replacement Marco Mattiacci took over Jan. 1 at a time where U.S. sales were faltering with volume falling 14 percent to 1,467 in 2009. Sales were down 7 percent last year and [...]
The new Toyota FT-86 Concept recently hung out with its idols during a photo shoot including the Celica, MR2, Supra and the Corolla AE86. “In creating the FT-86 (Future Toyota-86) Sports Concept, Toyota has directly referenced the excitement and fundamental fun-to-drive quality that characterised the Corolla AE-86,” Toyota said in a statement. “In its day [...]
Daimler AG is planning on offering a compact car and a small SUV under the Mercedes-Benz badge in the United States but has not decided on the timing. According to Mercedes-Benz sales and marketing chief Joachim Schmidt, the hatchback and the SUV will be both be based on the next-generation B-Class scheduled to debut in [...]
Acura confirmed today that the new 2011 Acura TSX Sport Wagon will make its debut at the 2010 New York Auto Show on March 31. “The TSX Sport Wagon will offer a new solution to modern utility needs with its balanced and efficient performance coupled with bold styling and versatile cargo capabilities,” Honda said in [...]
The 2011 Honda CR-Z is ready to go on sale later this year, however, the sporty hybrid is a car that nearly wasn’t, according to a report by Automotive News. The two-seater hatchback was almost dropped because engineers weren’t convinced it was unique and because U.S. bosses originally didn’t want the car in their showrooms. [...]
FoMoCo’s stock reached past $13 per share in trading earlier today and reached its highest point in more than five years as the overall market saw modest gains. The Dearborn automaker’s stock hit $13.04, its highest since Feb. 17, 2005, before falling to $12.90 per share by 9:30 a.m. FoMoCo’s cars and trucks sales were [...]
