Chrysler Group CEO Sergio Marchionne has been talking about an IPO for quite sometime now, and it appears as if it will happen in the fourth quarter of this year, with Goldman Sachs serving as one of the advisors. “Goldman Sachs have been advising Fiat S.p.A in its spin-off (of its truck unit) and now [...]
After shying away from the prospect, Toyota is once again leaning toward building the Prius in America. ToMoCo President Akio Toyoda said that the automaker’s US business will be built on four ‘pillars’; the Corolla, Camry, pickup trucks, and the Prius family of vehicles. “Our basic concept regarding local production, is that we want to [...]
Mercedes-Benz used to be known as a huge automotive industry innovator until they started focusing on building vehicles just to compete with other automakers. Well, Mercedes-Benz is back to innovation with the new 2012 Mercedes-Benz SLK-Class. “The new SLK embodies the role of the trend-setter like no other car”, says Dr. Dieter Zetsche, Chairman of [...]
Who said small cars were bad in the snow? While all of the automotive industry was focused on the 2011 Detroit Auto Show earlier this week, Audi slipped in a small press release confirming that it is testing a Audi A1 quattro prototype, which will lead to a future all-wheel-drive version of the subcompact hatchback. [...]
Rumors about Jeep getting a pickup have been on and off for quite some time now. At a roundtable discussion a the 2011 Detroit Auto Show, Chrysler CEO Sergio Marchionne said that the Jeep brand will introduce a ‘multipurpose’ vehicle that will have a pickup truck-like bed in the back. Yes, this is the closest [...]
Lincoln dealers, like us, are patiently waiting to see what’s next from the luxury brand. We already know for a couple of months now that Lincoln will have 7 or new significantly refreshed vehicles over the next 4 years, which includes a compact car. According to Derrick Kuzak, head of global development at Ford Motor [...]
For those of you hate minivans, we have some good news for you. Chrysler’s CEO Sergio Marchionne said at the 2011 Detroit Auto Show that the company will kill one of its two traditional minivans for the next-generation, scheduled to arrive in 2014. However, he said whichever brand gets rid of minivan would most likely [...]
In the world of the Mercedes-Benz GLKs, Infiniti EXs and BMW X3s, there is no high-performance compact luxury crossover. Well, Audi may end up being the first. According to a short snippet in CARandDRIVER, the automaker has just registered the SQ5 and RSQ5 nameplates. No word on what the powerplants on each Q5 will be but [...]
Chrysler is close to making a decision on the replacement for the two SUVs dying a slow, painful death. At the 2011 Detroit Auto Show, Chrysler Group CEO Sergio Marchionne said that the company is near making a decision on the replacement for the Dodge Nitro and Jeep Liberty SUVs. “It’s the most significant hole [...]
Despite three years of disappointing sales and somewhat boring vehicles, Toyota’s Scion has no plans of shutting the doors, says Toyota Motor President Akio Toyoda. “There is no concern, no danger for Scion in the future,” Toyoda said at the 2011 Detroit Auto Show on Monday. Numbers state otherwise as Scion’s U.S. sales fell 21 [...]
