At the 2011 Shanghai Motor Show today, Nissan introduced the new 2012 Tiida hatchback for the Chinese market, the world’s fastest-growing major car market. The new 2012 Nissan Tiida is expected to lead to sales of 300,000 units annually by 2014 in some 130 countries. Nissan sold a solid 85,000 units in China last year [...]
Fiat SpA CEO Sergio Marchionne has told bankers trying to persuade him to pursue an initial public offering of Ferrari that the brand is worth more than 5 billion euros ($7.3 billion) “I’ve always viewed Ferrari as a sacred brand, and sacred brands are peculiar,” Marchionne said in an interview at Fiat’s headquarters in Turin, [...]
Over the weekend we reported on a fire that broke out in a home garage in Barkhamsted, Connecticut, claiming as its victims the new Chevrolet Volt, and a self-converted electric-powered Suzuki. GM has released a statement regarding the fire and says that its engineering experts inspected the Volt that was severely damaged in the garage and found [...]
For the 2012 model year, the Cadillac CTS Sedan, CTS Coupe and the CTS Sport Wagon will be getting an upgraded V6 engine, a new grille and a new Touring Package edition. The new 3.6L V6 will give the 2012 Cadillac CTS a total of 318-hp and a peak torque of 275 lb-ft. That’s a [...]
Fiat is eager to increase its stake in Chrysler Group LLC, as three sources familiar with the matter, indicated that the Italian auto manufacturer is looking to pay about $1.5 billion for another 16% stake in the company, which would raise the company’s stake to 46%. Fiat is also working on raising another $2.17 billion [...]
At the 2011 New York Auto Show, Infiniti will hold the North American debut of the Infiniti IPL G Convertible Concept along with a Red Bull racing Formula One Car Set. However, those two debuts won’t get everyone as excited as this – the announcement that Infiniti is preparing a brand new model for the [...]
General Motors is striving to increase its Chinese sales figures by more than 100% by 2015, moving a total of around 5 million units. The company announced its goal Monday during the unveiling of the company’s five-year plan for the world’s largest auto-market. As of now, 60 new and upgraded models will be introduced over [...]
One of the most watched sales wars in the automotive industry is the one between the Ford Mustang and the Chevrolet Camaro. Reintroduced to the market a little more than a year ago, the Camaro is already gaining traction on the Mustang, outselling its Ford rival during the first-quarter of 2011. Through March, GM sold [...]
Following the debut of the Volkswagen Beetle yesterday, a Volkswagen insider has confirmed that the company is planning a Beetle R for the United States market. No word on what will power the Volkswagen Beetle R but speculators suggest a the 2.0L turbocharged engine from the Golf R. The 2012 Volkswagen Beetle will debut at [...]
Toyota’s massive unintended acceleration recall has brought to life a bunch of safety issues. A new federal plan may now require automakers to standardize keyless ignition systems in the wake of Toyota’s unintended acceleration problems, according to an automaker group said. A large number of automakers, except Toyota, said they already comply with the guidelines [...]
