BMW CEO Norbert Reithofer officially confirmed on April 22, 2010 that the company will bring its first series-production electric-vehicle to the market with the launch of the Megacity Vehicle in 2013. “With this innovative vehicle, designed from the ground up, we will be creating new benchmarks for electric mobility from 2013 on,” Reithofer said. “Our [...]
Hyundai has confirmed that it has been toying with the idea of establishing Elantra production in the U.S., but denies reports that a decision has already been reached. It has been reported in a Korean Newspaper that the company will begin Elantra production in its Montgomery, Al. plant next spring. The same report, which has [...]
Subaru today announced pricing on the 2011 Legacy and Outback models. Ford 2011, both models get equipment enhancement including manual-folding exterior mirrors; models equipped with harman/kardon audio (available on Premium models and standard on Limited models) now feature XM Satellite Radio and a three-month trial subscription, as well as new color options. Pricing for the [...]
FoMoCo”s executive chairman Bill Ford Jr. announced this week to shareholders that dividend payments would not be made until the automaker pays off more of its debt. That being said, he also mentioned that shareholders were barely in a position to complain, considering the soar in stock value and the fact that this year ended [...]
Audi has just posted episode 2 of “The Next Big Thing. In part two, the pursuers are very close on their heels and a spectacular car chase begins. Then John (Justin Timberlake) and Toni (Dania Ramirez) are contacted by a mysterious person. Whether you like it or not… at least this episode shows the A1 [...]
Nissan is set to start selling its Leaf electric car this year, and in order to turn a profit on the model, seeks to cut the cost of their Li battery packs to under $370 per kilowatt-hour. The Li battery, which stores 24 kilowatt-hours of energy, is the most expensive component of the Leaf, which [...]
Chrysler is currently working on the replacement for its Dodge Durango SUV (may be called the Magnum), which will be based on the same platform as the upcoming 2011 Jeep Grand Cherokee. Based on leaked patent drawings, we now have our first renderings of what the 2012 Durango may look like, courtesy of rendering artist [...]
What you’re looking at here is a picture of Jim Holland, chief engineer for the redesigned Ford Explorer, standing next to his new baby. Holland, 49, was chief engineer of the Range Rover when a redesign of the SUV began in 2002. He has spent the last 2 1/2 years working on the new Explorer. [...]
A defect that allows the removal of the key from the ignition before the car is shifted into park is the impetus behind a recall of more than 40,000 Chrysler, Dodge, and Jeep vehicles. This is causing concerns that these vehicles could become “˜run-away” vehicles and take-off with or without the driver behind the wheel. [...]
The pilot lease program of the Mini E, which consisted of 450 people testing the electric vehicle in the metro-markets of LA and NY, has been a wild success with half of the participants having told BMW that they wish to extend their current deals for another year, said Rich Steinberg, manager of electric vehicle [...]
