Swedish Automobile, the company that owns Saab, said it will be selling its Spyker supercar business to U.S. private equity firm North Street Capital. The U.S. firm, which will buy Spyker for $44 million USD is led by racing car enthusiast Alex Mascioli. Swedish has struggled for months now to fight off bankruptcy by seeking [...]
When Ford unveiled the Evos Concept at the 2011 Frankfurt Motor Show, it said that the study represents the future global design language of the company and the future powertrain and vehicle technologies. Click here for our original post on the Ford Evos Concept. According to new reports, the first of influence of the Evos design language (without [...]
SpeedArt has unveiled a tuning package for the new Porsche Panamera Diesel. Known as the PS9-300D, the package adds some visual grades and a little more power under the hood. SpeedART gave the Panamera 3.0-liter V6 diesel software upgrades and a SpeedART exhaust. The result is 50 additional horsepower, putting power at 300 horses to the [...]
Every now and then Ford will produce a special edition Mustang specifically designed and built for drag racing. It’s called the Mustang Cobra Jet and the latest edition, which launches in 2012, features a revised 5.4L Modular V8 good for 430hp. Additionally, it only weighs 3,200lbs for a serious power-to-weight ratio. However, Ford is only [...]
Earlier in the year, much of the news hitting everyone’s desk in the auto industry has been related to the Obama administration’s CAFE fuel efficiency mandate for 2025. Word is that the administration is now delaying the 2025 CAFE mandate of 54.5 mpg. However, not much detail has been released. “Given the historic nature of [...]
A new study by the Insurance Institute for Highway Safety (IIHS) shows that SUV’s may have been a part of many fatal crashes a decade ago, but recent advancements have greatly improved the safety of these vehicles. The study compares how many people in minivans and cars were killed in two car crashes with pickups [...]
Hyundai Motor Group, which consists of the Hyundai and Kia brand, is working on developing a 10-speed automatic transmission for future luxury vehicles. A report by Bloomberg News quotes Park Seong Hyon, president of Hyundai Motor Group, saying that the 10-speed automatic transmissions will be offered in luxury models starting in 2014. The transmission could [...]
You know you’re very special in the automotive media industry when the CEO of Lamborghini, Stephan Winkelmann, hangs out with you as you drive the firms latest supercar. That’s exactly the treatment Jay Leno received, as he Winkelmann him a visit with the new Lamborghini Aventador. Click here for more news on the Lamborghini Aventador. You [...]
Oh how we love random British sports car makers. A firm by the name of Ginetta is working on a new hardcore sports car after unveiling its G40 earlier this year. “A £68,000 ($91,973 USD), full carbon fiber bodied, 3.7-liter sports car, weighing less than 1100kg (2,425 lbs) and delivering 310bhp at the wheels with [...]
The Volkswagen brand has not been profitable in the United States since 2003. According to Jonathan Browning, CEO of Volkswagen Group of America, the brand expects to be profitable in the United States this year. “Audi brand achieved profitability in the U.S. last year,” he said. Browning said that he wanted to be clear that [...]
