Marc Carter
GM Repays Remaining $5.8 Billion in Government Loans Ahead of Schedule
GM Chairman and CEO Ed Whitacre announced this morning that the automaker has made its final payment of $5.8 billion to the U.S. Treasury and Export Development Canada, ahead of schedule. The announcement was made at a ceremony to highlight an investment of $257 million at GM's Fairfax, Kansas, and Detroit Hamtramck assembly centers. "GM is able to repay the...
Toyota Reportedly Raises the Price of the FT-86
The much anticipated Toyota FT-86 hasn't even been released yet, but Autocar is reporting that Toyota is going to raise the price of the RWD coupe. Rising development costs are the reason for the price hike. According to a Toyota insider the original goal was to have the price start around £13,000 ($20,000 US) but the base price has...
Kia to Release Wagon and Coupe Versions of the Optima…Maybe
Kia unveiled the all-new Optima (Magentis) at the New York Auto Show this month. Now Autocar has learned that Kia is debating about releasing wagon and coupe version. Chief designer Peter Schreyer said, "I would love to do station wagon and coupé versions of the car. The station wagon would only really work for Europe but the coupé would...
Honda Unleashes More Photos of the Euro-Spec CR-Z
Honda has released more photos and info about the European-spec Honda CR-Z hybrid. The Euro version of the CR-Z is essentially the same version that we will see here in the US, except for the fact that the hybrid features two very small back seats, making it a 2+2 coupe (the US version will only be a two-seater). Either way...
Mercedes-Benz Shooting Break Concept Car Provides Hint of Next CLS
It was reported last month that Mercedes-Benz is working on a shooting break version of its next CLS and here it is at least in concept form. The Shooting Break concept is going to be officially unveiled at the upcoming Beijing Motor Show. Mercedes-Benz describes the concept as "a further insight by Mercedes designers into the possible future development of...
Honda to End Production of the Civic Type R Four-Door in August
Although the top CIvic in the US is only the Civic Si, buyers in the Japan have been lucky enough to get the even more fun Civic Type R. Well it's a sad day because Honda has announced that the four-door Civic Type R is being discontinued. Production of the Civic Type R is expected to end this August. In...
Toyota Agrees to Pay $16.4 Million Fine, but Denies Violating Safety Act
Toyota has announced that the automaker has agreed to pay the $16.4 million fine that was demanded by the National Highway Traffic Safety Administration on April 5th. "We agreed to this settlement in order to avoid a protracted dispute and possible litigation, as well as to allow us to move forward fully-focused on the steps to strengthen our quality assurance...
Chevy Volt MPV to be Unveiled in Bejing
Patent drawings of an MPV based on the Chevy Volt have surfaced before the MPV is officially unveiled at the 2010 Beijing Motor Show. According to Autocar the MPV will use the same powertrain as the Volt. Stay tuned for more details next week. Full Story: Autocar Related Stories: 2012 Chevy Aveo Official Pictures Show Up New York 10' Preview: 40-MPG Chevy...
Toyota Issues Recall of 600,000 Sienna Minivans to Fix Corrosion Issue
Toyota has issued a recall of approximately 600,000 first and second generation Sienna minivans (1998-2010) to address potential corrosion in the spare tire carrier cable. The voluntary recall affects Siennas that have been operated in cold climate areas with high road salt use. Prolonged exposure to road salt could corrode the spare tire cable, which could cause the cable to...
2011 BMW 528i Starts at $45,425
BMW has announced the pricing for the all-new 2011 BMW 528i which starts at $45,425. The 2011 528i joins the 535i ($50,475) and 550i ($60,575) in July. The 2011 528i is powered by a 240-hp 3.0L six-cylinder mated to an eight-speed automatic transmission. "When we announced the pricing for the 535i and 550i earlier this month, people were thrilled...
