While Volkswagen plans to spend $70 billion within the next 5 years to take over Toyota as the world’s largest global automaker, Hyundai Motor Group (which includes the Hyundai and Kia brands) topped Toyota as the largest Asian automaker in Europe this year. Hyundai and Kia increased European sales by 4 percent during the first [...]
Audi has really big plans for its electric vehicle segment, the e-tron lineup. “By 2020, we want to be the leading premium seller of electric vehicles,” said Franciscus van Meel, Audi’s manager for electric mobility strategy. “We will successively bring out a variety of hybrid models and electric vehicles, such as our first plug-in hybrid [...]
The United States Treasury Department received an $11.7 billion wire transfer today from its proceeds from the sale of 358.5 million shares of stock in General Motors Co. The U.S. government’s sales of about 40 percent of its 61 percent stake in General Motors at $33 a share helped generate $11.74 billion. “Our temporary assistance [...]
BMW has just dropped a new video of the 2012 BMW 650i Convertible in action. We’re not going to take anymore of your time so hit the jump for the video. Check out our original post on the 2012 BMW 650i Convertible here. Click through for the video. Refresher: Power for the 2012 BMW 650i Convertible [...]
Kia Motors America (KMA) has announced that it will start selling new vehicles on eBay Motors. Kia said that more than 345 Kia dealers have signed up to list their entire stock of new vehicle inventory online. “eBay Motors’ large, multi-dimensional marketplace aligns perfectly with Kia’s rapidly expanding brand and offers consumers a comprehensive and convenient shopping [...]
A couple of weeks ago, BMW promised that you could “be the first to drive this car”. The dream came true for 12 BMW M fans. Weeks before the official presentation of the BMW 1 Series M Coupe, they had the chance to test-drive the car and see it completely unveiled. Click here for more [...]
According to the folks over at AutoExpress, FoMoCo is working on a Focus Coupe, which will be a modern interpretation of the Capri. The model is expected to make its concept debut at the 2011 Detroit Auto show in January, followed by a production version in 2012. “Our plan was always to get the basic [...]
Porsche announced today that it is implementing a long-term strategic site plan for its research and development center in Weissach (Baden-Wurttemberg). The company will invest around 150 million euros ($200 million USD) in a high-tech wind tunnel, a state-of-the-art design centre and an innovative electronics integration centre, etc. “The new system will help us to [...]
Car and Driver has released its annual 10Best Cars list for 2011, with the list featuring some familiar faces and some new ones. The list features some high-horsepower vehicles such as the 556-hp Cadillac CTS-V and for the first time ever, electrically powered vehicles with the Chevrolet Volt. “Our 10Best award celebrates the best cars [...]
To celebrate Chrysler Group LLC’s recent announcement that it will invest more than $1.1 billion for production of future transmissions and retain nearly 3,500 jobs, the employees at Indiana Transmission Plant II welcomed President Obama and Vice President Biden today as they toured the Kokomo, Ind., facility. Chrysler also confirmed today that it plans on [...]
