EcoMotors, a company based in suburban Detroit, announced today that it received $23.5 million from Microsoft Corp. Chairman Bill Gates and investor Vinod Khosla. The funding will go towards the testing of EcoMotors’ trademarked Opoc engine technology. The company’s Opoc architecture allows its opposed piston-opposed cylinder to use 50 percent fewer parts than a standard [...]
The BMW Frozen Gray M3 is the Munich automaker’s new and exclusive offering only for the North American market. So exclusive that the 30 owners of the vehicle will have to sign a paint care agreement before taking delivery of their limited-edition Frozen Gray M3. The agreement says that the warranty on the vehicle does [...]
Earlier this year when Fiat Group CEO Sergio Marchionne revealed the company’s 5-year business plan he confirmed that Maserati is working on a baby-Quattroporte sedan that will compete with the likes of the Mercedes-Benz E-Class and the BMW 5-Series. The mid-size Maserati luxury sedan is scheduled to hit markets in 2014 as a 2015 model, [...]
If you haven’t been watching Top Gear this season, than you obviously don’t like cars and you probably shouldn’t be reading egmCarTech.com. However, if you’re a car fanatic and love muscle cars, than you should see Richard Hammond’s review of the 2010 Chevrolet Camaro SS that was shown on Top Gear this past weekend. We [...]
You’ve probably been noticing that there is more recall news in 2010 than ever before – well, there is a reason for that. According to a report by The Detroit News automakers are on pace to recall the most vehicles since 2004 as they respond to safety risks as the federal government presses the auto [...]
It was reported on Friday that Toyota is working on a new electric-vehicle prototype that will feature Tesla Motors technology, the first time we’ve heard anything on the two companies working together every since their new partnership was formed. According to a report by Bloomberg Tesla Motors will develop and deliver two battery-powered prototypes to [...]
The new Porsche 918 Spyder is scheduled to make an appearance at the 2010 Pebble Beach Concours in California and many say that the automaker will that the supercar electric hybrid concept has been given the thumbs up for production. According to a new report by Bloomberg, sources say that Porsche may price the 918 [...]
FoMoCo’s Jens Ludmann, the chief program engineer on the company’s new Ford Focus, is quitting his current job to lead a German-based maker of luxury yachts. Ludmann, who joined FoMoCo in 2000, will now become the CEO of Bavaria Yachtbau GmbH starting August 15. He led the 2012 Focus team at Ford’s European base in [...]
On June 2nd, FoMoCo surprised (but something that was long expected) the auto industry by announcing that it will kill the Mercury brand. Ford now says that it will begin the wind-down of Mercury production in late September, completely shutting down the 71-year-old brand and dealer network by Dec. 31. Mercury dealers submitted their final [...]
Most supercar owners can only dream of being involved in the production of their vehicle before taking delivery of it. Well, General Motors is allowing new Corvette shoppers to do just that. Any customer who now orders a 2011 Chevrolet Corvette Z06 or ZR1 will have the option to build their LS7 or LS9 at [...]
