The FBI has released statistics from 2009 which indicate that auto theft is down to its lowest level in 20 years with 794,616 total thefts; 17% lower than the previous year. With the decline in total thefts, so goes the rate of recovery unfortunately, which stands currently at 42%; the lost in 25 years. Over [...]
Battery manufacturer Magna is talking with Japan”s GS Yuasa Corp. about producing lithium ion batteries to supply PSA/Peugeot-Citroen SA, and possibly BMW and Ford. The two companies are considering a $466 million factory in Spain or Austria, likely to start producing batteries in 2012, at a high enough capacity to power 50,000 cars per year. [...]
Sergio Marchionne seems unable to make his mind up on whether he sees Fiat retaking over its 90% stake in Ferrari. Fiat had at one point owned 90% of the company, but then sold off 34% of the company to an Italian merchant bank called Mediobanca, with the option to buy back. Fiat reacquired the [...]
Lamborghini has recently been teasing us of a new model that will debut at the 2010 Paris Motor Show later this month. The model is widely known to be the replacement for the Murcielago – aka Jota. According to 0-60 Magazine, Lamborghini is scheduled to show not one, but two new models in Paris. A [...]
Fiat SpA announced today that Andrea Formica, manager with a wealth of experience in the Automotive industry in Italy and abroad gained at Ford and Toyota, has been named head of the Fiat brand. Formica will succeed Lorenzo Sistino who will now lead International Operations. “Formica will also head the Commercial function, with responsibility for [...]
As we learned yesterday, during its 2010 Dealer Announcement Show in Orlando earlier this week, Chrysler Group LLC showed dealers a successor to the 2012 Dodge Viper. According to sources, the 2012 Dodge Viper concept shown to dealers resembled the Alfa Romeo 8C Competizione with a Viper face. “Dealers said they were told the company”s [...]
We’ve just received a bunch of new high-res photos and a video of the 2011 Porsche 911 Carrera GTS prior to its 2010 Paris Motor Show debut. Check out the video and the updated high-res gallery after the jump… but first – a short refresher. Click here for our original post on the 2011 Porsche [...]
Earlier this week we learned that Jeep CEO Mike Manley showed off a concept Jeep ““pickup truck hybrid to dealers at Chrysler Group LLC’s 2010 Dealer Announcement Show in Orlando. According to sources that spoke with PickupTrucks.com, the Jeep pickup concept has been given the thumbs up for production. Insiders say that the production version [...]
BMW’s now famous Don’t Blog About This viral website has just released a new trailer showing the prototype vehicle getting into a trailer prior to its debut at the 2010 Paris Motor Show later this month. The new teaser gives us a closer look at the tail lights, which resemble the BMW 6-Series and the [...]
At the 2010 Paris Motor Show later this month, Saab will be taking its first step towards producing an all-electric vehicle with the Saab 9-3 ePower. The Swedish company, which is now owned by Spyker Cars, will test a prototype fleet of 70 vehicles in Sweden early next year. “By 2015, annual global sales of [...]
