Porsche has revised its full-year forecast after realizing that the Panamera sedan attracted more buyers than analysts predicted. The original forecast in March predicted a year ending July 31 loss in the low single-digit billion euros, but the new forecast predicts a loss of less than a billion euros. Nine-month sales by the car manufacturing [...]
According to the Guinness Book of World Records, Harold Lemay, the founder of a waste management business in Washington State has amassed a collection of more than 3,000 cars, the largest of its kind in the world. In 1998, LeMay formed a non-profit/museum to display the cars to the world. Subsequent to his death in [...]
BMW announced today that its all-wheel-drive 2011 5-Series models will get a price premium of $2,300 over their rear-wheel-drive counterparts. The 2011 BMW 535i xDrive and the BMW 550i xDrive sedans will sell for $52,775 and $62,875, respectively, including $875 Destination and Handling. “Every BMW xDrive model receives standard Hill Descent Control,” BMW said in [...]
In order to capitalize on the growing popularity of lower priced cars, Mitsubishi is aiming to lower the price of its electric vehicles to $21,890 by 2012; that is 30% below current prices. The main contributing component to the price of the cars is the Li batteries, of which mass production is expected to lower [...]
GM says that it is going to keep most of its plants open during its traditional summer shutdown period, thereby increasing production by about 56,000 vehicles. Nine of GM”s 11 U.S. assembly plants will remain open during the June 28 – July 9 period in order to keep up with the strong demand for vehicles [...]
Having nothing better to do right now? Chrysler has come to your rescue with the 2011 Jeep Grand Cherokee online configurator. Check it out and build one out just for fun – who knows, you might just end up buying it. Click here to visit the 2011 Jeep Grand Cherokee online configurator. Refresher: The 2011 [...]
Mini USA is looking for a race – more specifically they’re looking for a race with Porsche. However, Porsche has respectfully declined Mini’s challenge to race a Porsche 911 Carrera S against a Mini Cooper S, simply because the Stuttgart automaker believes its not worth their time. Well, Hyundai is now looking to step in [...]
After making its debut at the 2010 Geneva Motor Show, the Porsche 918 Spyder will make its second real-world appearance at the 2010 Pebble Beach Concours in California next month. Rumors suggest that Porsche has given the 918 Spyder the green light for production and is planning a Pebble Beach launch to make the announcement. [...]
According to sources, the Chrysler Sebring convertible will survive in the Auburn Hills company’s lineup after the model is redesigned and re-engineered. The next-generation Chrysler Sebring sedan is expected to make its debut in November or December and the convertible will arrive in 2011, just in time for next summer. The next-generation Sebring will get [...]
Unlike Toyota, which offers a 4-cylinder version of its 2011 Toyota Sienna minivan, Honda said yesterday that it will not offer a 4-cylinder powertrain with the 2011 Honda Odyssey, which was reveled yesterday. “We will provide only a six-cylinder powertrain to provide customers with the power and performance they demand,” Honda said in a Web [...]
