Marc Carter
Hyundai Announces Plans for a New Engine Plant in the U.S. and Future Hybrids
Hyundai has just announced that it intends on building a new engine plant in the U.S. at its sole production facility in Montgomery, Alabama. The addition will cost Hyundai $270 million and add 520 new jobs to the facility. Engines will start to be produced in 2008 and will supply Hyundai's plant and Kia's new plant in Georgia. It seems...
All Future DaimlerChrysler Vehicles will have a Hybrid Option
According to CEO Dieter Zetsche all new vehicles built by the group will have a hybrid variant. The CEO told German magazine Auto Motor und Sport that hybrids are "very important" in light of new European and U.S. emissions regulations. It is not known which of its vehicles will be the first to feature the technology. Although some are speculating...
2008 Lexus LX570 World Premiere…
The 2007 New York Auto Show will host the world premiere of the all-new 2008 Lexus LX 570 SUV. According to Lexus " The third-generation LX 570 will reach new heights in performance via a new V8 engine while achieving elevated levels of comfort, style and safety." The name change from LX 470 to LX 570 suggests that the...
2008 Infiniti G37 Will be Unveiled at the New York Auto Show in Early April.
Nissan has confimed that the 2008 Infiniti G7 Coupe will be unveiled at the New York Auto Show next month. The G37 will feature a 3.7L V-6 powerplant, that is larger than the 3.5L in the sedan. In fact the engine is a de-powered (sans twin turbos) version of the engine in the GT-R supercar. It has also been rumored...
New V8, RWD Sedan from Hyundai
Hyundai is going to show reveal the Concept Genesis at the New York Auto Show in April. The sedan is bigger than anything in their current lineup and is rumored to offer V8 power and RWD. The automaker recently announced that they plan on moving to an alphanumeric naming scheme for its vehicles. If that is the case this car...
Ford Sells Aston Martin for $925 Million!
Ford has officially announced today that they are selling the British company, Aston Martin to an investment group led by Prodrive founder David Richards. The deal will close during the 2nd quarter of this year for $925 million. Ford is planning on retaining a small stake in the company for $77 million, which means that Ford will actually only receive...
More Troubles for Chrysler…
It has just been reported by Reuters that Chrysler is going to issue a recall of 489,000 vehicles. The recall is for three different models. 328,424 Dodge Durangos (2004-2006) are being recalled because of electrical problems, 149,605 Jeep Liberty SUVs (2006-2007) are being recalled because the blower motor could fail and 10,994 Dodge Avenger sedans (2008) are being recalled...
Aston Martin May Finally Have a New Owner
Ford is close to announcing the sale of Aston Martin. According to reports the racing firm Prodrive is the likely new owner. The deal is going to close for $870 million, which is half of what Ford hoped to get for the British car maker. Prodrive already has a relationship with Aston Martin. They recently revealed a tuning package...
Toyota is Already Offering a Rebate on the All-New Tundra!
According to the Wall Street Journal Toyota is offering a $1500 rebate on the base Tundra. The rebate is going to last the entire month of March. This shows that most Tundra buyers are not interested in the base model, since the rebate is not offered on the higher end Tundras. I would think that they would need to...
GM Targets 2010 for Production of the Electric Chevy Volt
GM has set 2010 as their goal for the release of a production version of the Chevrolet Volt electric concept car. The concept car has a range of 640 miles on a single tank of gas. The main difference between this car and the Toyota Prius or Honda Civic hybrids is that the gas motor in the Volt does...