The much-ballyhooed GM IPO is rapidly approaching, with the company set to start pitching investors after the midterm elections this coming January. The pitching process is expected to start on Nov. 3, and last two weeks, with the IPO expected to price on Nov. 17 and debut on the trading floor on the 18th. Sources [...]
Earlier this week, we reported that the NHTSA and EPA are each proposing a new standard of auto grading based on fuel efficiency. The 17,000-member National Automobile Dealers Association (NADA) has voiced its opposition to the measures, stating that such changes would “confuse the buying public, make vehicle purchasing decisions more difficult or treat certain [...]
Yesterday was Dan Akerson’s, the new CEO of General Motors, first day on the job. Here is a letter he sent to employees. Hit the jump for the rest. GM Employees, As Labor Day approaches in the U.S. and Canada, I would like to wish everyone at General Motors a safe, happy holiday weekend. I [...]
Top Gear USA will be coming to the History channel later this fall and while we’re pretty excited, we doubt it’s going to be as good as its British counterpart… or will it? The folks at the History channel have just released an exclusive preview showing Adam Ferrara, Tanner Foust and Rutledge Wood as each [...]
Mini is pretty ambitious about expanding its lineup. Besides the new 2011 Mini Countryman, the BMW Group brand has plans for a coupe and roadster model, both due next year. According to reports coming out of UK, Mini is also working on a coupe version of the Countryman to rival the new Range Rover Evoque. [...]
So August sales were somewhat depressing but we kind of knew it was coming. When the beginning of the month comes up and we report some boring sales news, there’s one sales article we here at egmCarTech love to report – the sales war between the Ford Mustang and the Chevrolet Camaro. In July 2010, [...]
After all the spy shots, a couple of image leaks and months and months of debating what it will be called, Chrysler Group LLC today unveiled the new 2011 Dodge Durango. Chrysler says that the new Durango will lead the new Dodge product onslaught for 2011 just as the new 2011 Grand Cherokee is doing [...]
Wonderful – here is some more recall news for you guys. The National Highway Traffic Safety Administration has opened an investigation into 37,889 2009 Volkswagen Jetta TDI sedans after receiving complaints of engine stalling due to fuel system contamination (and you were thinking that diesels are a better bet – we’re being sarcastic). “The Office [...]
As expected auto sales cooled off during the month of August with the overall sales down 21 percent. “The car market and the overall economy are pretty weak,” said Joe Phillippi, principal of consulting firm AutoTrends in Short Hills, N.J. “Showroom traffic is down. We still have issues on the margin with some people not [...]
For Californians previously on the fence regarding whether to purchase a Chevrolet Volt or other plug-in electric hybrid vehicle, consider this; the Governator has granted owners of such vehicles unrestricted access to highway HOV lanes, with only one caveat; you have to wait until 2012. The measure was introduced by a state Senator from San [...]
