Mazda’s CEO Takashi Yamanouchi recently said that the Japanese automaker isn’t considering any other partners except FoMoCo. However, reports from Japanese media suggest that Ford is set to sell most of its remaining stake in Mazda with trading house Itochu Corp and general contractor Kajima Corp along with nearly 10 firms that will buy shares [...]
Joining the new Los Angeles dealership that will be first to sell the new Fiat 500 hatchback, Chrysler today announced that it has selected a total of 130 dealerships to represent the Fiat brand in the United States. “This group of dealers will be the first to sell the 2012 Fiat 500 (Cinquecento),” Chrysler said [...]
Kia today officially announced pricing details for the 2011 Optima sedan, which is set to go on sale at Kia dealers nationwide carrying a starting price tag of $18,995 for the entry level Optima LX 6-speed manual. When mated to a 6-speed automatic transmission, prices jump up to $20,495 (but you also get alloy wheels, [...]
Just three months after becoming the owner of Volvo, Li Shufu, president Geely, said that he disagrees with Volvo”s management about its product plans. He told a group in Shanghai last week that Volvo should develop larger cars for China. Volvo prefers smaller cars, for environmental reasons. Li also said that he disagrees with the [...]
A couple days ago Porsche released a press statement saying that it will unveil a new “mid-engine sports car” at the 2010 LA Auto Show – well, here it is – the 2011 Porsche Cayman R. What’s so special about this Cayman that it has to carry an ‘R’ badge? It weighs in 121 pounds [...]
Taking a lead from corporate magnate GE, companies are starting to green their automotive fleets. GE is set to buy as many as 25,000 rechargeable cars, half of them coming from General Motors. “You’ll see some early adopters follow suit, people maybe like UPS or FedEx, and those are your logical first movers,” said John [...]
Chrysler is putting a lot behind its Dodge brand of trucks to help bolster U.S. sales by as much as 45% in 2011. Dodge sales have increased over the past year, but 40% of those sales were to corporate, government, and rental customers The new models are designed with the retail customer in mind. “We [...]
For the first time ever, the City of New York, is reaching out to auto manufacturers to design a taxi-cab for the big apple; the city is holding a design contest and has narrowed the field down to three automakers; Nissan, Ford, and Karsan USA, a Turkish car maker that makes vehicles for Fiat and [...]
This week represents a major point in time for the post-bailout American auto-industry; the new GM will issue its much anticipated IPO, returning the company to Wall Street. Many are predicting success for the company in the IPO, including former United States “˜Car Czar” Steven Rattner. With increasing sales and enormous demand, the stock price [...]
Cadillac has become known to surprise the auto show media with some exciting concepts and tomorrow at the 2010 LA Auto Show, Cadillac will show the new Urban Luxury Concept - “a design study exploring a new type of vehicle that offers a luxury experience in a diminutive size.” “The Cadillac Urban Luxury Concept celebrates [...]
