Fiat SpA and Chrysler CEO Sergio Marchionne said today that Chrysler has plans to launch its public stock offering by the end of 2011. He also said that Fiat could increase is stake in the Auburn Hills automaker from the current 20 percent to 35 percent by the end of next year. “I don’t think [...]
Hyundai has dropped the pricing details on the 2011 Hyundai Genesis Coupe, which is available to order at dealers nationwide starting today. The base 2011 Genesis Coupe 2.0T model is priced at $22,250 (excluding $800 freight) and is still powered by a 2.0L Turbo making 210-hp. The new 2011 Hyundai Genesis Coupe 3.8 R-Spec model [...]
When the redesigned 2012 Ford Focus goes on sale early next year it will feature a new advanced airbag technology that will help customize the protection in most frontal and side crashes. The new driver-front airbag features a new chest protection function to help reduce impact to the chest and ribs, while new side airbags [...]
In June 2007, Porsche announced that it will be pulling out of the Detroit Auto Show to focus more in regions where it has more customers. The decision was made only because the German luxury sports car brand sold 290 units in Michigan in 2006, compared to 8,827 in California, 4,177 in Florida and 2,172 [...]
Honda announced that it will recall 3,336 2010 Honda Accord Crosstour models in the United States to inspect and possibly replace the front passenger airbag. “Recent testing revealed that certain front passenger airbag modules installed in a limited number of 2010 Accord Crosstours do not meet one aspect of a U.S. federal regulation (FMVSS 208) [...]
Ford announced that it plans to reduce its dealer network by another 10%, or 300 outlets, to help effectuate the rationalization and improvement in profitability of the network. This is the latest move by Ford in a series of aggressive measures aimed at combating weak auto demand. The company is also slated to shut down [...]
One of the pillars on which the U.S. government rested its confidence in GM was the belief that the company’s products were much better than that of their reputation. This theory had better prove itself true soon if the government expects to recoup its investment in the automaker, which is amidst preparation for an IPO [...]
The 2012 BMW M5 continues its testing at the Nurburgring and today we have the latest video of the high-performance sedan tackling the famous Nordschleife. The 2012 BMW M5 is scheduled to go on sale in the second half of 2011. It is rumored to be powered by a twin-turbo V8 making between 585 to [...]
Nissan has announced pricing on the 2011 Nissan Altima sedan, Altima coupe and Altima Hybrid, all of which are on sale now at Nissan dealers nationwide. The 2011 Altima continues to be available in a number of well-equipped models, including 175-hp 2.5-liter inline 4-cylinder and 270-hp 3.5-liter V6 engine equipped models. For the 2011 model year, [...]
John Heinricy, former head of GM’s High Performance division, is well known for a lot of things – one of them being the man who drove the Cadillac CTS-V sedan around the Nurburgring Nordschleifeto in 7:59.32. Heinricy is also the key force behind the development of the CTS, CTS-V, Corvette Z06 and many other GM [...]
