According to closely watched industry report, Ford and Honda are expected to lead the industry in market-share gains over the next four years, while GM and Chrysler hold steady, and slip, respectively. Ford and Honda are expected to each gain 2 points of market share by 2013 courtesy of redesigned cars and trucks being introduced [...]
Saab CEO Jan Ake Jonsson, is a top candidate for the head position at Volvo Cars, according to a Swedish newspaper report. He has been named as part of a “˜handful” of candidates, and contact has already been made with him according to one source. With Volvo”s current CEO, Stephen Odell, planning to leave the [...]
After killing Mercury, Ford will allocate product development, marketing, sales and service teams to support the Lincoln’s growth plan and ensure it has a strong cadence of distinct products that are well positioned in the market, the Dearborn automaker said today. Besides the first-ever C-segment vehicle, Lincoln will get new brand-exclusive powertrains, including a new [...]
Jay Leno keeps trying to make us jealous by getting automakers to come to his garage with their vehicles so he can take them out for a spin. This time Leno got behind the steering of the Tramontana supercar from Spain. The car is built by Advanced Design Tramontana in Palau de Santa Eulalia, Girona, [...]
FoMoCo has officially confirmed that it will kill Mercury with production of the brand coming to an end in the fourth quarter of 2010. The Dearborn automaker said that it will allocate Mercury’s financial, product development, production and marketing, sales and service resources towards growing its Ford brand while enhancing its luxury Lincoln brand. “Profitably [...]
We’ve been hearing rumors of 1-Series based M model for some time and today BMW has officially confirmed the car’s existence. Speaking to AutoNews BMW M Division boss Dr. Kay Segler confirmed that the 1-Series based M model will arrive during the second quarter of 2011. Segler did not confirm the name of the new [...]
One of the four new models Ferrari has in the works includes a spider (convertible) version of the 458 Italia. “Deliveries of the Ferrari 458 Italia will begin in mid-January 2010,” Ferrari”s chairman, Luca Cordero di Montezemolo recently told an Italian publication. “We are also planning a Spider version, but not for a couple of [...]
Under ownership of a new parent, Spyker Cars, Saab Cars North America reported its first monthly sales today. The brand, previously owned by General Motors (we’re sure you know that by now), sold a total of 174 vehicles during May 2010. Of the total, 130 units were 9-3 models, 25 were the new 9-5 and [...]
Zipcar Inc., the hourly car rental company, said that it will seek to raise as much as $75 million by way of an IPO. The company, which has shown red ink every year since its inception in 2000, plans to use the money to reduce debt and expand the size of its fleet. Many planned [...]
GM plans to sink $245 million into its powertrain plant in Ontario in order to build a new, more fuel-efficient, six-speed transmission. Commencing in 2012, the Chevrolet Equinox, GMC Terrain, and Buick Regal sedan will all be using transmissions from the facility. In addition to saving about 400 jobs, the investment will also help GM [...]
