GM Fails to Announce Winning Bidder for Opel
GM's board declined to name a winning bidder for the Open brand last Friday as was expected. Instead the automaker decided to ask the German government more information about state financing for the buyers. The German government has been pressuring GM to announce the sale of Opel to Magna and its Russian partners, since it would mean that more...
Honda to Unveil Electric Vehicle in Tokyo…On Sale in US by 2015
Honda is reportedly working on a new electric vehicle to battle the Nissan LEAF and future Toyota EV. Although Honda has mainly focused on hydrogen powered models like the FCX Clarity, future tighter emissions standards and more demand for zero emissions vehicles may be forcing Honda to produce an EV. Japan's Nikkei business daily claims that Honda's new EV...
Frankfurt 09' Preview: Maserati GranCabrio Unveiled
Maserati has unveiled the Maserati GranCabrio ahead of its official unveiling at the 2009 Frankfurt Motor Show next month. The GranCabrio is the Maserati's first ever four-seat convertible. Unlike most new luxury convertibles, the GranCabrio features a folding cloth top. It is powered by the 4.7L V8 with 433 horsepower from the GranTurismo S. Maserati also boasts that the GranCabrio...
Spy Shots: 2011 Hyundai Sonata Caught at a Photo Shoot?
These spy shots may be our first look at the undisguised 2011 Hyundai Sonata. These photos were obviously taken from a photo shoot (note the cutaway). The 2011 Sonata is definitely going after more market share in the midsize sedan segment with its new more expressive style and coupe-like roofline. Stay tuned for the first official photos..soon. Full Story:...
Cash for Clunkers to End on Monday
The government's Cash for Clunkers program is set to end on Monday. "It's been a thrill to be part of the best economic news story in America," said Transportation Secretary Ray LaHood. "Now we are working toward an orderly wind down of this very popular program." The program is ending on Monday due to the fact that it will soon run...
Chrysler Changes Lifetime Powertrain Warranty to 5yr/100k Miles
Chrysler's Lifetime Powertrain Warranty was the best warranty in the industry, but Chrysler spokesman Rick Deneau has confirmed that the automaker is ditching this warranty for more conventional five-year/100,000 warranty. The main issue with the lifetime warranty was that it only applied to the original owner, once it had been sold the warranty changed to 3yr/ 36k. Deneau stated, "The...
GM Kills Recently Announced Buick Crossover
In a surprising move, GM has canceled the upcoming Buick crossover that was announced last week. The Buick crossover would have simply been a rebadged Saturn Vue, but negative feedback from the media, GM employees and dealerships has caused GM to rethink the idea. According to Michelle Bunker, Manager of Buick Communications, the vehicle did not fit with the direction...
2010 Porsche 911 GT3 RS Officially Unveiled
Porsche has unveiled the 2010 911 GT3 RS ahead of its official unveiling in Frankfurt. The racing version of the 911 GT3 is powered by the same naturally aspirated 3.8L six-cylinder as the the regular GT3, but it has 450 horsepower, compared to 435. It also features an 8,500 rpm redline. The six-speed manual transmission has shorter ratios to...
GM and Koenigsegg Come to an Agreement Over Saab Sale
GM and Koenigsegg have announced that a deal has been finalized between the two over the sale of Saab. The deal involves a 100 percent sale of Saab to Koenigsegg by the end of the year. The final piece of the deal involves funding from the European Investment Bank in the amount of 4.3 billion kronor, which is dependent...
Chevy Camaro Reportedly Sells Out in Japan
The Camaro isn't even on sale in Japan yet, but apparently it's already sold out. General Motors Asia Pacific has already received 120 orders for the new Camaro, which is the quota for the year. Pricing has yet to be released, but its expected to range from $45,325 to $56,390. Both the V6 and V8 versions will be offered. The Camaro...
