At the 2008 Detroit Auto Show, when Saab used to be a part of General Motors, the Swedish brand unveiled something called the 9-4X BioPower Concept. Besides showing a 2.0L BioPower 4-cylinder turbocharged engine that made 300-hp and 295 lb-ft of torque, the concept hinted at a future crossover for Saab. Known as the Saab [...]
The last Chrysler PT Cruiser will be rolling off the assembly line on July 9th. Some of you probably wouldn’t really care to see the PT go but some of you may be really sad to see the historic little car go bye-bye. “For a while, it was the best-selling Chrysler-brand vehicle,” said Jim Hall, [...]
Ralph Gilles, the head of the Dodge Car for Chrysler Group LLC is excited about the brand’s future, which is now moving forward with out the Ram pickup trucks. While Gilles has been with Chrysler since 1992, he’s only been the head of Dodge for eight months. “It’s exciting,” he said of the work he’s [...]
Tesla Motors, which will start trading later today on the NASDAQ Stock Market under the ticker TSLA, raised $226 million by selling shares above its forecast price range, according to the Securities and Exchange Commission filing. Tesla sold a total of 13.3 million shares at $17 each, more than its initial range of $14 to $16. [...]
If the 2011 BMW M3 Competition Package is too expensive for you and you missed out on the BMW Frozen Gray M3 Coupe, BMW of North American announced today that it is offering three BMW Performance aerodynamic accessories for the M3 Coupe, Sedan, and Convertible. The three new parts include a new rear deck lid spoiler, mirror [...]
FoMoCo chief Alan Mulally makes more than Toyota’s Akio Toyoda, Nissan’s Carlos Ghosn, and Honda’s Takanobu Ito – combined. The three Japanese heads earned 100 million yen ($1.1 million), 891 million yen, and 115 million yen, respectively. Mulally earned $17.9 million in 2009. Bear in mind that FoMoCo’s salaries are not subject to the same [...]
The number of infant and toddler deaths attributed to the child having been left inside a hot car is higher through the first six-months of this year than any other equal period since the early 90′s when the statistic was first kept. A San Francisco State university researcher told the Associated Press that 18 children [...]
Despite the award of $529 million in governemnt loans, Fisker Automotive Inc. will not meet the timetable announced last fall in delivering its first electric vehicles. The Energy Department had said in announcing its low-cost loans back in September, that Fisker would have its $88,000 plug-in sports car, the Karma, in showrooms this summer. It [...]
Lotus Cars is reported to be in talks with former General Motors’ product guru Bob Lutz and retired BMW exec Tom Purves to advise the company on a 5-year turnaround plan. Two sources familiar with the situation said that Lutz, who left GM two months ago, has had talks with Lotus but hasn’t received a [...]
Investors are getting excited about Tesla Motors offering its shares for the first time tomorrow – so much so that the electric-car company based in Palo Alto, California raised the number of shares it well sell in its initial public offering by 20 percent. The move shows that investor interest in the startup is strong. [...]
