Swedish Automobile announced today that it issued a subscription notice for 5 million shares under the current EUR 150 million equity facility between Swan and GEM Global Yield Fund Limited. “The exact number of shares to be issued and the price thereof will depend on the pricing period which commences today,” Swedish Automobile said in [...]
Tesla Motors recently reached a $100 million deal with Toyota where the electric-car maker will supply the powertrain equipment for the RAV4 EV. Tesla’s CEO Elon Musk announced earlier today that the company is now negotiating a potential $1 billion deal with Toyota. During a conference call earlier today, Musk said that the second quarter [...]
Spy photos of the latest successor to the Porsche 911 have been floating around the Internet, however official photos of the latest squashed and hyped-up Volkswagen Beetle have yet to surface. So if you want to catch a little glimpse of what the next Porsche 911 will look like, have a look at Electronic Arts’ [...]
For the 2012 model year, Honda has dropped the Accord from the Accord Crosstour crossover making the official name of the car – the 2012 Honda Crosstour. The 2012 Honda Crosstour is still available in two trim levels, the Crosstour EX and EX-L, with Real Time 4WD also available on the EX-L model. There is [...]
While the U.S. Top Gear has yet to review the new Lamborghini Aventador during this season, the UK Top Gear concluded its 17th season with the new bull. Check out Richard Hammond and The Stig take on the Aventador in the video after the jump. Click here for more news on the Lamborghini Aventador. Check out the [...]
Infiniti has just released pictures and details of the new 2012 Infiniti FX, which will hit United States dealerships in October. 2011. Infiniti says that it has facelifted the new FX with a heavy influence from the stunning Infiniti Essence Concept. While we wouldn’t go that far as to say it resembles the Essence, the new [...]
Ford Motor Company’s CEO Alan Mulally will be making an appearance for the first time on network television CBS’s “Late Show with David Letterman.” He will be joining the famous late night talk show host along with actress Emma Stone, who’s also promoting her new movie “The Help.” Letterman will be interviewing Mulally and discussing [...]
The 2011 Dodge Durango has been awarded a “Top Safety Pick” for 2011 by the Insurance Institute for Highway Safety (IIHS). As always, the IIHS recognizes vehicles that perform “good” in front, side, rollover and rear crash test evaluations performed at its Vehicle Research Center. Additionally, to be considered, vehicles also must have available electronic [...]
It’s a scary thought for us to see a Chrysler Group LLC operation without Sergio Marchionne at the helm – however, it’s bound to happen one day. During a question-and-answer session at the 2011 Management Briefing Seminars, Marchionne said that he will be stepping aside as CEO from the Auburn Hills automaker within five years. [...]
Suzuki has been getting a piece of the growth action as of late. Anyone who has seen or driven the new Kizashi or the Swift off-shores knows that the small Japanese manufacturer if very much capable of making a decent car. So just recently, Suzuki has announced that it will be releasing some new updates [...]
