The Treasury department is hoping to divest its remaining shares of GM stock over the next two years, Timothy Massad, the senior Treasury official managing the bailout fund told a congressional hearing Wednesday. After GM’s IPO, the government divested most of its stake, trimming it down to 26.5%, from 61%, raising $23.1 billion. Massad called [...]
Hertz rental and equipment company said Tuesday that it is launching a new program to sell its used rental cars to dealers, via the internet. The website, dubbed ‘Dealer Direct’, will offer dealers real-time stats on Hertz’s inventory, and lower the cost that dealer’s pay for the vehicles, because of the new lack of middlemen. [...]
The Northeast part of United States is probably suffering one of the worst winters they’ve seen years. Besides seeing drivers spinning out of control on snowy/icy roads, once in a while you’ll come across something that will totally blow your mind. Here is an owner of an Audi A3 in Manhattan, who found his car [...]
Besides a 24-carat gold carrying Volkswagen Touareg, the 2011 Qatar Motor Show saw the debut of another exclusive vehicle – the Porsche Panamera 4S Exclusive Middle East Edition. Made just for the flashy Middle East citizens, the Porsche Panamera 4S gets a nice Carrera White exterior, 20-inch 911 Turbo II wheels, red-leather upholstery, special floor [...]
Deep Inside East Germany on a former soviet military airport, BMW offers its toughest driver training. Here, drivers and owners of BMW armored vehicle can upgrade their driving skills and push the cars to their limits. Would we like to receive some training like this? Of course we would seeing as zombies one day may [...]
It’s surprising but apparently it can be done. The Pilobolus Dance Company crew managed to cram a total of 26 people in a standard Mini Cooper, a world record breaking number. Oh, not to mention, that’s with the doors closed. The Pilobolus Dance Company teamed up with EMC to set the record. Interested in how [...]
Speaking today at the 2011 Washington Auto Show, BMW North America CEO Jim O’Donnell confirmed that 4-cylinder turbo vehicles will arrive before the end of 2011. “We will soon announce what vehicles will feature this dynamic new turbo 4-cylinder in the US,” O’Donnell said. “And, they will arrive before year-end. We invite you to stay [...]
What you’re seeing here are leaked images of the 2012 Mercedes-Benz C63 AMG, which will make its official debut at the 2011 Geneva Motor Show. We’ll bring you full high-res photos along with a full press release when we get our hands on it but for now – this will have to suffice. Looks wise [...]
The 2011 Chrysler 300 and 2011 Dodge Charger are slowly making their way to a dealerships near you and if you’re considering one, you’ll be excited to know that both models were recently named Top Safety Picks for 2011 by the Insurance Institute for Highway Safety (IIHS), marking the first time both vehicles have achieved [...]
While Volvo may considering pulling models from the United States, it isn’t going to stop introducing new ones. At the 2011 Geneva Motor Show, Volvo will unveil a V60 plug-in hybrid concept, which will be ‘a virtually production-ready car with carbon dioxide emissions below 50 g/km, which translates into fuel consumption at 1.9l/100 km.’ “In [...]
