Since 2006 India has officially been home to the world”s most dangerous roadway system despite the fact that there are fewer cars in India than in most Western countries. While road deaths have declined or stabilized in many other large markets, roadway fatalities are skyrocketing in India, having risen 40% in five years to reach [...]
GM has finally narrowed its search for a bank to handle its IPO; Morgan Stanley and JP Morgan Chase are the leading candidates thus far, according to reports. Such a move heavily suggests that GM is fast approaching its offering. According to the U.S. Treasury Department however, such a move will not take place prior [...]
Washington Post has announced today that former GM CEO Rick Wagoner has been named to the company”s board. Wagoner was pushed out of GM in March of “09 by the Obama administration in the run up to GM”s bankruptcy filing. Wagoner had been CEO since 2000, and previously run the company”s operations in Brazil Washington [...]
Victor Muller, CEO of Spyker Automotive and Chairman of Saab Automobile, is reportedly in discussion with BMW to use the latter”s engines and transmissions in the Saab 9-2. Muller has said that he is deep in talks with many potential partners about procuring a platform for Saab”s revival, the “9-2″. It has also been reported [...]
Good news for car owners; residual car values are expected to rise in coming time due to manufacturers curbing their production to not outpace the market”s demand. GM and Ford have been rallying behind traditional leaders Toyota and Honda, and may be in the positions to offer better lease deals based on the residual values [...]
Two top Republicans allege that GM executives have been destroying documents and other records which may shed light on corporate decisions that have spurred investigations into the company by a House oversight committee. The accusation came via a letter to Ed Whitacre, from U.S. Rep. Darrell Issa, R-Calif., and U.S. Rep. Jim Jordan, R-Ohio. The [...]
Volkswagen today released additional images and details on the new 2011 Phaeton luxury sedan. The 2011 Volkswagen Phaeton comes standard with a 3.0L FSI V6 making 276-hp along with an optional 6.0L W12 making 444-hp. Volkswagen currently has no plans to reintroduce the new Phaeton in the United States until it gets a full redesign [...]
Mercedes-Benz outsold homeland rival Audi in sales last month to secure the number two spot among global luxury carmakers. The surge by Mercedes last month almost pushed them past BMW to take the number one spot, but the Bavarian automaker maintained the spot by 375 units. The surge was fueled primarily by an increased demand [...]
The Mini Coupe and the Mini Roadster will both enter production starting next year at the company’s Oxford plant. Mini Vice President Jim McDowell confirmed that both models will come to the U.S. starting with the Coupe in August 2011. “The Coupe will arrive six months after the Countryman, and the Roadster 12 months after [...]
Hyundai Motor America CEO John Krafcik has serious doubts about the viability of diesel vehicles in the United States. Speaking to Inside Line, Krafcik said that the cost involved with meeting emission standard is one major obstacle for automakers to offer American citizens diesel powered cars. “To meet the same emissions standards with a diesel, [...]
