Volvo Cars, now owned by Chinese manufacturer Geely Automobile, is seeking a bigger European Investment Bank loan than had been previously planned. Volvo now plans to seek 600 million euros from the EIB, as opposed to the 500 million originally planned. The company also mentioned that they were in talks with the Swedish government about [...]
Just yesterday, we reported on news coming out of Germany that Smart is likely to sell fewer than 100,000 units in 2010, down from 114,000 in 2009. Most of that loss is coming form United States where sales are down close to 70 percent to just under 4,000 in the first 7 months of 2010. [...]
Americans have been used to a plethora of deals and incentives on autos, particularly at the end of the summer, for years. This was only exacerbated by ‘Cash-for-Clunkers’ last summer. Well, a new era has dawned. Deals are coming fewer and far between these days, as automakers struggle to keep their books lean and profitable following [...]
Bentley confirmed today that it will unveil the next-generation Continental GT online on September 7, 2010. The model will get a week-long public reveal (available both day and night until Sept. 14) that will be hosted at http://www.ContinentalGT.com with the opportunity for viewers to enjoy the drama of a formal auto show “˜unveil” as well [...]
General Motors today released a pretty lengthy press release detailing how the 2011 Chevrolet Cruze will offer consumers more for their money, with class-leading standard safety features, expected class-leading fuel economy, and more standard equipment than competitive vehicles. Click here for more news on the Chevrolet Cruze. “We set out to redefine the compact segment [...]
The Rolls-Royce Ghost has helped the uber-luxury brand increase its sales and is expected to increase production to about 2,000 units in 2010 form 1,200 in 2009. With the help of the Ghost, Rolls-Royce sales in June increased more than fourfold worldwide and in the first half of 2010 sales were up by almost 200 [...]
Nissan announced today that customers who originally placed a reservation online to purchase the 2011 Nissan LEAF can now start the order specification process of their purchase. Consumers will now be able to choose the color and trim level of their Nissan LEAF. Click here for more news on the Nissan Leaf. “The ordering process [...]
Hyundai and Kia are like brother and sister – so who else better to help you out in a time of need other than your sibling? Hyundai said that it will be shifting production of the 2011 Santa Fe to Kia’s Georgia plant, which already builds the Kia Sorento. The move will free up space [...]
With new Corporate Average Fuel Economy regulations getting closer and closer, many automakers are physically downsizing their product lineup and offering more fuel-efficient powertrains. If sources are to be believed, General Motors next-generation lineup of midsize sedans may go with an all 4-cylinder engine lineup. We’ve already seen this happen with the 2011 Buick Regal, [...]
When we brought you news about the Mazda Shinari Concept yesterday, we only put up two images. Well, we now have some more images from Mazda for you to drool over. If this is your first time encountering the Shinari Concept, the model is a four-door-coupe study that shows the future design direction for the [...]
