Chrysler Group LLC today reached reached a debt-refinancing deal that will allow the automaker to repay $6.6 billion in bailout loans from the U.S. and Canadian governments this quarter. “Chrysler Group LLC announced today that it intends, subject to market and other conditions, to repay in full the outstanding obligations under the loans provided to [...]
My favorite automotive slogans have long been products of Germany; ‘Vorsprung durch Technic’, ‘Das Auto’, and of course, my all-time favorite, BMW’s ‘The Ultimate Driving Machine’. Last year, ‘The Ultimate Driving Machine’ ad campaign gave way to a much less technically-oriented one centered around the idea of ‘Joy’. The ‘Joy of Driving’ campaign was featured [...]
Since Fiat assumed its stake in Chrysler almost two years ago, we have heard much about plans to bring European cars stateside and either rebadge them with one of Chrysler’s American brands, or establish new brands in the US market altogether. Apparently, there are plans to move units both ways across the Atlantic, as Chrysler [...]
*Update: General Motors Co. said today it has given its tentative approval for Russian financier Vladimir Antonov to become a major shareholder in Spyker Cars’ struggling Saab unit. We reported last week that Saab production at Saab had been halted for almost a month due to the the company’s failure to pay suppliers’ bills. That [...]
Rolls-Royce of North America’s president David Archibald says that the uber-luxury brand could more than double sales in the second-quarter of 2011, in large part because of the company’s new Ghost model. The Rolls-Royce Ghost, which is priced lower than the Phantom at $246,500 in the U.S., helped Rolls-Royce hit a record in global sales [...]
According to findings from Ford’s annual look at U.S. car buying preferences as well as an international color study by Du Pont, despite an array of bright, vibrant colors being offered with new models, U.S. customers on the coasts and customers in most European countries prefer the classic range of colors including white, black, silver and gray. [...]
According to Volvo CEO Stefan Jacoby (who previously led Volkswagen Group), the Swedish brand’s expansion plan does not include a new flagship sedan that will compete against the BMW 7-Series and the Mercedes-Benz S-Class. “It is not in our midterm or long-term strategy right now,” Jacoby told reporters at the Shanghai Motor Show, where it [...]
After months of speculation, Team Lotus Enterprise confirmed today that it has purchased British sportscar maker Caterham Cars. To celebrate the acquisition, Caterham will offer a special Team Lotus upgrade package, which includes traditional green and yellow Lotus colors, a commemorative plaque and a tour of the factory. Team Lotus said that the new era [...]
Volkswagen Group announced today that it leveraged its 2010 momentum and maintained its growth rate in the first quarter of 2011. The company reported record first-quarter profit, which more than tripled as the V-dub and Audi brands attracted Chinese customers. “Business developments in the first quarter demonstrate the Volkswagen Group’s strength and robustness”, said Prof. [...]
A Czech Republic company called Tintek has developed a new chrome exterior wrap for the Chevrolet Camaro SS. It’s blinding, it’s somewhat attractive and it’s somewhat obnoxious – yeah, we really can’t make up our minds here. Let us know what you think about the whole Chrome Chevrolet Camaro after you check out the video [...]
