In a move that will create nearly 400 jobs, Chrysler Group LLC said yesterday that it plans to invest $43 million on the expansion of its powertrain operation in Kokomo, Ind. The money will go towards the installation of new equipment and tooling at the Kokomo plant, which is responsible for tooling and casting to [...]
We already know that Infiniti has plans to launch an electric-vehicle hatchback based on the Nissan LEAF by 2014. According to AutoCar, Infiniti is also planning an entry-level SUV and an Audi A3 rival. The new Audi A3 rival will eventually become Infiniti’s volume seller in Europe and will be based on the front-wheel-drive Mercedes-Benz [...]
Chrysler Group LLC is planning to launch a new corporate branding TV campaign to help repair its image in the minds of customers. The Auburn Hills automaker has hired a new ad agency, Interpublic Group of Cos.’ Gotham, for the project. Both Chrysler and Gotham did not give any details on the new campaign but [...]
According to a source close to the company, GM execs want to get their hands back into the financing business, and establish their own auto-financing arm so that they can better compete by offering competitive lease and loan deals. The government now owns a 56% stake in GMAC – the former GM finance arm – [...]
John Mendel, executive vice president for automobile sales at American Honda Motor Co., said that research shows the Honda CR-Z is clicking with “young people and guys my age, because it’s reminiscent of the CR-X, which was the ultimate tuner vehicle.” Mendel, who is 55 years old, said that young buyers like the CR-Z’s sportiness [...]
It was recently reported that the development cost involved with the upcoming Toyota/Subaru rear-wheel-drive sports coupe may result in a more expensive vehicle than originally estimated. When the Toyota FT-86 Concept made its debut at the 2009 Tokyo Motor Show, company executives said that they are aiming for an entry-level price of around $20,000. So [...]
Last month, spy photographers got ahold of the M version of the BMW 1-Series testing around the Nurburgring on three different occasions (here, here and here). Ever since, we haven’t heard much of what has come to be known as the BMW M1… until now. Automotive rendering artist Jon Sibal has created a photoshop of [...]
General Motors said today that it is working with The Gas Company (TGC), Hawaii”s major gas energy provider, to power a ramp up of fuel-cell vehicles on the island of Oabhi where there is an abundance of hydrogen. TGC produces hydrogen along with synthetic natural gas and delivers it in its utility gas stream. Through [...]
Former U.S. Car Czar Steven Rattner said today that GM and Chrysler have performed better than he would have expected them to one year ago. Before speaking at a conference on the auto industry at the Detroit branch of the Federal Reserve, Rattner said that both companies have exceeded the government’s metrics in sales and [...]
After a couple of leaks here and there, the 2011 Porsche 911 GT2 RS has finally been revealed. The new 911 GT2 RS will make its world debut in August at the Moscow Auto Show and will go on sale in the U.S. in October with a starting price tag of $245,000. Power comes from [...]
