Toronto-Dominion Bank, better known as TD Bank, is reported to announce an agreement to acquire Chrysler Financial Group, the loan company owned by Cerberus Capital Management LP. According to three people with matter, an announcement could come as early as this week or next week. Bloomberg reports that Chrysler Financial may sell for $6 billion to [...]
Toyota’s sales may be suffering in the United States, but one bright spot for the automaker is the world’s best-selling hybrid – the Toyota Prius. The Prius is now on track to set a new single-year sales record in Japan, where it has already passed 300,000 units in 2010. The Toyota Corolla set the record [...]
At the 2010 SEMA Show in Las Vegas last month, Audi attended with a R8 Customer Spyder by STaSIS Engineering. The R8 Custom Spyder is powered by a supercharged 5.2 FSI V10 making 710-hp… yes, you read that right 710-hp. How does 710-hp feel down with the top down? We can’t comment on that since [...]
You can always count on Consumer Reports to do a study on which vehicle is the best suited for a new car shopper. In a new test of four different types of fuel-efficient cars, Consumer Reports said that the Ford Fiesta and the Mazda2 subcompacts are both fun to drive and deliver strong fuel-economy numbers. [...]
FoMoCo and Azure Dynamics today announced that they have started shipping the first Ford Transit Connect Electric vehicles to early customers in North America and to the UK for a demo project. “Supplier collaboration is important on all Ford product programs, but it was especially key in this effort, which went from contract signing to [...]
The 2011 Acura TSX Sport Wagon will go on sale in a couple of weeks with prices starting at $30,960 (that doesn’t including $860 for destination fees). That means going for the more boring station wagon over the sedan will cost you an extra $1,350. Power for the 2011 Acura TSX Sport Wagon comes from [...]
The automotive industry is embracing electric-vehicles with open arms and so is Ward’s 10 Best Engines list for 2011. Both the Nissan LEAF electric-car and the Chevrolet extended-range electric plug-in hybrid made it onto the 2011 list as selected by Ward’s team of editors, which tested over 35 vehicles. Of course the whole list isn’t [...]
Already own a Ford Explorer? You’re in luck because FoMoCo is offering existing Explorer owners an extra incentives if they wish to purchase a 2011 model year. The incentives include $750 for a lease deal to $1,500 for a purchase agreement. According to Amy Marentic, FoMoCo’s North American car and crossover manager, the company will [...]
Dealers nationwide order silver and black color vehicles for a very good reason. According to paint manufacturer Dupont, silver and black are always in a tight competition for the title of the “world’s most popular car color.” A full 26% of cars globally are painted silver, while black follows closely behind with 24%. “Our annual [...]
We first saw the Transtar Racing Dagger GT back in July and at the time the company promised to rewrite history of the world’s fastest supercar, promising 2,000-hp while going from 0-60 mph in just 1.5 seconds. A couple months later, not much has changed but Transtar Racing has dropped some new high-res photos of [...]
