Sergio Marchionne, the CEO of Chrysler Group LLC and Fiat SpA said that he is willing to purchase the Canadian government’s stock in the Auburn Hills automaker. Marchionne said that he and the Canadian authorities have started talking about buying Canada’s 1.7 percent ownership in Chrysler. As a part of a bailout that provided $1.7 [...]
The Aston Martin V12 Zagato endurance race car concept has completed its first run under racing conditions in the 53rd ADAC ACAS H&R-Cup VLN race at the Nurburgring. The four-hour race among some other 150 competitors is just the start of preparations for a two-car V12 Zagato entry at the Nurburgring 24-hour race in late [...]
General Motors announced last week that it will be investing $331 million to purchase tooling and equipment and expand its Arlington Assembly Plant to make future Chevrolet Tahoes, Suburbans, GMC Yukons and Cadillac Escalades. While GM never confirmed when the next-generation models of its full-size SUVs will arrive, sources say that model will debut in [...]
BMW has released a new commercial called ‘Innovations,’ which features the BMW Vision EfficientDynamics, the production version of which will be know as the BMW i8. The BMW i8 will be a fuel-efficient supercar, which will go from 0 to 62 mph in just 4.8 seconds, while averaging an estimated fuel-economy of 63 mpg and [...]
The National Highway Traffic Safety Administration has opened a preliminary investigation into 440,000 Nissan Altima units over braking issues, the agency said on its website. NHTSA said that the investigation covers Nissan Altimas from the 2007-2008 model year. The agency said it received 20 complaints complaining about brake master cylinder leakage. 16 of those complaints have [...]
The National Highway Traffic Safety Administration has opened a preliminary investigation into more than 220,000 units of the Jeep Wrangler due to concerns over the airbag not inflating. The investigation, which covers 222,500 2007-2008 Jeep Wranglers, also include some that were previously used by the U.S. Postal Service. NHTSA said that it received 29 consumer complaints, [...]
BMW has confirmed that it will end production of the current 3-Series sedan in October 2011. The BMW 335d diesel in the United States, will end production just before that in August. Why? Well, BMW is preparing for the launch of the next-generation 3-Series sedan, which is scheduled to go on sale in spring 2012. [...]
General Motors announced last week that the next-generation Chevrolet Impala will be built at the company’s Detroit-Hamtramck plant, which currently has 1,121 hourly and salaried employees. The move will add two shifts and about 2,500 hourly and salaried workers at the plant. While GM didn’t give a time frame as to when the new Impala will hit markets, sources [...]
Earlier today, during the ‘IZOD Presents Hot Wheels Fearless at the 500′ at the Indy 500, Tanner Foust successfully landed a ramp-to-ramp distant jump of 332 feet. The three-time X Games gold medalist smashed the previous world record by an impressive 31 feet at the 100th anniversary of the Indianapolis 500. “Fans witnessed not only [...]
Hyundai has achieved a huge milestone in Europe following the sale of the 5 millionth vehicle since the first Hyundai Pony was imported to the market in 1977. The five millionth Hyundai sold in Europe was the i30, which was launched in 2007 and has sold just over 320,000 units across Europe. “Hyundai’s sales momentum [...]
