The BMW M1 is one of the most exclusive sports car from the BMW M GmbH brand. At the 14th annual summer sales at Quail Lodge, which is the longest running auction during the Pebble Beach Car Week, Bonhams will auctions off the 1979 BMW M1 Pro Car painted by Frank Stella. The 1979 BMW [...]
Earlier this week, we wrote that federal regulators were considering imposing incrementally increasing minimum fuel-efficiency standards over the next few years, eventually reaching 47 mpg – 62 mpg by 2025. The plan would increase car costs by about $770 to $3,500. A trade group that represents Detroit’s three automakers as well as Toyota, is urging [...]
The Treasury Department apparently won’t be selling any of the shares that comprise its 26.5% stake in GM anytime before August, and could wait until as late as 2012 to completely divest its stake. According to a source who was briefed on the matter, the government plans to divest the rest of its shares over [...]
General Motors announced today that it will be investing $109 million in its Flint and Bay City, Michigan plant to support engine production for current and future fuel-efficent models produced for the United States market. GM said that the investment will protect or add 96 jobs at the two sites. The $109 million investment is [...]
While BBC’s Top Gear and Tesla Motors are still working out the kinks of Tesla’s lawsuit against Top Gear (which alleged that Top Gear’s review of Tesla’s electric Roadster sports car was staged), the crew was caught in Lincolnshire with the Nissan LEAF and Peugeot iOn electric-cars. Click here for more news on the Nissan LEAF. Apparently, [...]
Aston Martin has launched a new and revamped website along with the online configurators for the new Aston Martin Virage and the Aston Martin Cygnet. Check out the Aston Martin Cygnet configurator here and the Aston Martin Virage one here. Click here for more news on the Aston Martin Virage and the Aston Martin Cygnet. [...]
A day after announced that its North American factories will be turning up production sooner than expected, Toyota Motor Sales USA has unveiled a range of cash, interest-rate and lease incentives on most of its vehicles. Japanese competitor Nissan is also following its footsteps for a big Memorial Day push. The new incentives follow a [...]
For the 2012 model year, the Hyundai Genesis received a bunch of nice upgrades including a new Tau 5.0L V8 engine making 429 horsepower and 376 lb-ft of torque. Now all we need from Hyundai’s luxury car is all-wheel-drive? Well, we won’t get it… at least not until the second-generation of the car, which is [...]
While the United States government may not be selling its shares, General Motors CEO Dan Akerson is buying them up. Akerson, who has been CEO of the company since Sept. 1, bought nearly $1 million worth of stock as a personal investment. According to a U.S. Securities and Exchange Commission filing Thursday, 62-year-old Akerson purchased 30,000 shares [...]
Nissan announced today that it earned $6.27 billion for the fiscal year 2010, ending March 31, 2011 – that’s record-high levels for the Japanese automaker. “The March 11 earthquake in Japan significantly disrupted our operations, but Nissan is once again proving its resilience in the face of adversity,” said Nissan President and CEO Carlos Ghosn. [...]
