General Motors may start introducing continuously variable transmission (CVT) in its compact lineup to give the segment better fuel-econmoy, according to some executives. While GM doesn’t use CVTs right now, it is looking at the option of offering them on the Chevrolet Spark, Aveo and the Cruze within the next three years, said Mike Arcamone, [...]
Considered to be the most historic moment for Nissan and zero emissions vehicles, the all-electric LEAF has been awarded the prestigious 2011 European Car of the Year – making it the first electric-car to win the award. The Nissan LEAF beat 40 other contenders including vehicles from brands such as Alfa Romeo, Citroen, Dacia, Ford, [...]
When most people think of Volvo, they think they are shopping against other premium brands. Well, Volvo’s new CEO (which is Volkswagen’s former CEO), Stefan Jacoby, wants to get rid of the ‘premium’ talk and come up with a new strategy. Jacoby said that Volvo needs to stop running after the ‘premium’ market currently held [...]
Earlier this month, General Motors announced that it has sold 2 million vehicles in China in a single year. FoMoCo is also enjoying strong sales in China and plans on adding 66 new dealerships in China by the end of 2010 bringing its total to 100 showrooms in China in 2010 – and that’s mainly [...]
FoMoCo officials have said that the company has about 15,000 orders for the new 2011 Ford Explorer, which isn’t scheduled to hit dealerships until early 2011. Preorders include around 3,000 retail, 7,500 dealer and more than 4,500 form companies. Production of the 2011 Ford Explorer is currently under way at the Chicago Assembly Plant. The [...]
Fiat and Chrysler plan on building Alfa Romeo and Jeep brand models for global distribution as a part of a new joint-venture that will take control over Fiat’s Mirafiori plant in Turin. Fiat and Chrysler will invest more than $1.3 billion to retool the factory hat will produce mid-sized Giulia sedan and station wagon and [...]
On Friday, General Motors announced that the underwriters have exercised in full their over-allotment options to purchase an additional 71.7 million shares of common stock from the selling stockholders, for a total of $2.37 billion, and an additional 13 million shares of mandatory convertible junior preferred stock from the company, for a total of $650 [...]
Sources have confirmed that the next-generation lineup of Infiniti’s G has been shown to the company’s management. The car is reported to feature “dramatic” use of LED strip lights at its front end. How soon will the public get to see it? Well, you’ll have to wait a while. A near production concept is scheduled [...]
About a month ago, Ford announced that it will take the Ford F-150 EcoBoost to the demanding Tecate SCORE Baja 1000 long-distance desert endurance race, a move which also marked Ford’s EcoBoost engine racing debut. The Dearborn automaker has announced that the truck finished the Tecate SCORE Baja 1000 in 38 hours and 20 minutes, [...]
BMW recently confirmed that the production version of the Vision EfficientDynamics will go on sale in 2013 in limited quantities. While all this time we thought Mercedes-Benz’s competitor will be the SLS AMG E-CELL, new reports suggest that the Stuttgart automaker is working on something a little more aggressive. At the 2010 LA Auto Show, [...]
