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Monthly Archives: December 2009

Kia Cancels 2010 Borrego, Model Could be Dead…

Kia released the body-on-frame Borrego SUV in late 2008 as a 2009 model right when the economy started to go in the crapper. To make matters worse the summer of 2008 saw some of the highest gas prices on record, so buyers were still shying away from large SUVs. After only being on the market one year the sales...

GM Extends Saab Bid Deadline and Production Expected to Restart

GM originally had a deadline of December 31st to find a buyer for Saab, but on December 18th GM announced that talks with Dutch luxury carmaker Spyker Cars had failed and the brand would be killed. Two days later Spyker submitted a new offer to buy Saab, which has yet to be decided upon. Spyker Cars Chief Executive Victor...

Aston Martin Cygnet Will Only be Available to Current Owners at £20,000

For the most part badge engineering is pretty lame and rarely is it entirely successful. Well Aston Martin is moving forward with its rebadged Toyota iQ, the Cygnet. Were all used to Aston Martin's beautiful super cars with pricing that many of us could only hope to achieve one day, well the Cygnet is priced many thousands less than...

Detroit's Big 3 Still Own Over 90 Percent of the Full-Size Truck Market

Detroit's automakers have been focusing more on fuel-efficient small cars lately, but more than 20 percent of their sales still come from full-size trucks. Additionally even with competition from Toyota and Nissan, Detroit's Big 3 hold 91 percent of the market. "There is still that one stronghold left over," said Jesse Toprak, auto analyst for TrueCar.com. "It is important --...

GM Offering Big Incentives on Remaining Saturns and Pontiacs

Now that GM has officially killed Saturn and Pontiac there is a good chance that you can get a good deal on the few remaining models at your local dealer. According to The Wall Street Journal GM is offering dealers incentives to speed up the sale of the remaining vehicles. The latest reports claim that GM sent a letter...

2011 Ford Mustang GT Officially Unveiled with New 412-HP 5.0L V8

2011 sees the return of the 5.0L V8 in the Mustang GT. After a series of embargo leaks, Ford has officially unveiled the changes to the 2011 Mustang GT. First off the 2011 Mustang GT is now powered by an all-new 412 horsepower 5.0L V8 wth 390 lb-ft. of torque that is mated to either a six-speed automatic or...

Ford Anticipates the Sale of Volvo to Geely to be Completed Soon

Ford has announced this morning that all terms with relating to the sale of Volvo Cars to Zhejiang Geely Holding Group Company Limited have been settled. There is still more work to be done to complete the sale though. Ford anticipates that the final agreement will be signed by both parties in the first quarter of 2010 and the...

Aston Martin One-77 Exceeds Expectations by Reaching 220 MPH

Aston Martin has announced that the One-77 has surpassed expectations by breaking the 200 mph mark. In fact it actually reached 220 mph moving it closer to setting an all-time record for Aston Martin. Aston Martin is going to continue testing it into the new year. The One-77 is powered by a 7.3-liter V12 with over 700 horsepower mated to...

Acura NSX May be Dead but it Lives on as the HSV-10 GT Racecar

Sadly the Honda/ Acura NSX is dead, but it's going to live on as a front-engined race car, the HSV-10 GT in Japan's SuperGT championship. The HSV-10 GT has been built to the 2010 GT500 regulations and is powered by a 500+ HP 3.4L V8 mated to a Ricardo sequential manual gearbox. Fortunately Honda had been working on the basis...

Spyker Extends its Offer for Saab "Until Further Notice"

Over the weekend Spyker submitted a new proposal that addressed 11 of the issues that made the earlier discussions fail, ultimately leading to GM's announcement to kill Saab. It's new proposal had an expiration date of today at 5 pm ET, but Spyker has released a short press release stating that the offer has been extended until further notice. GM...

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