If push comes to shove, what would consumers make of an automaker that is bankrupt but still operating? It’s an uncomfortable question. Automaker executives such as GM’s Rick Wagoner believe it would worsen prospects as consumers’ confidence in the company erodes. But some lawmakers in Washington believe it might be necessary, if severe, medicine that might allows a failing automaker to truly tackle structural problems.Read more
Following extensive trials, Corus has announced that it can now offer production ready coils of Dual-Phase 600 Hot Rolled Steel (DP600HR) that it says can help carmakers reduce weight.Read more
Fiat passed a significant milestone today when the millionth Grande Punto came off the production lines at its factory in Melfi.Read more
Fiat has started production of its sedan brand Linea in India, part of its joint venture with Tat Motors. The car will be assembled at its Ranjangaon plant located near Pune in Maharashtra.Read more
Dana Holding has said it has secured an amended credit facility in a deal which the supplier group says will provide it with strategic flexibility. The company also said it had obtained permission to dispose of some non-core assets.Read more
Porsche has released the first official pictures of its upcoming Panamera four-door GT, ahead of its debut next spring. Mechanical details are scant, but the company did reveal a few basics.
Porsche has released the first official pictures of its upcoming Panamera four-door GT, ahead of its debut next spring (likely at the Geneva motor show). Mechanical details are scant, but the company did reveal a few basics.
Photo Gallery: Porsche Panamera Revealed
Porsche has released the first official photos of the four-door Panamera.Read more
High rollin’: Turning heads in the Rolls-Royce Phantom Drophead Coupe
Fact: Rolls-Royce’s target customer has liquid assets deep into the eight-figure range. That’s how much cash is readily available should one get the urge to splurge on a new solid-gold bowling ball, a platypus-hide humidor, or an invisible hovercraft. This is the demographic that owns a large room equipped with a pool filled with money, except they don’t even swim around in it, because they have people to do that. Eventually, these tycoons, moguls, and scions are going to want to travel somewhere inaccessible by hot-air balloon or sedan chair, and for that, they’ll need an automobile. I humbly suggest the Rolls-Royce Phantom Drophead Coup.
Jaguar Land Rover (JLR) is reportedly pressing the UK government for a GBP1bn loan to help it through the industry downturn.Read more
British-based carmaker Jaguar Land Rover is in secret talks with the UK government over a 1 billion pound ($1.48 billion) loan, just nine months after the Indian conglomerate Tata Group bought the luxury carmaker, the Sunday Times newspaper reported.Read more
VW’s supervisory board decided on Friday to retain for now a special committee that limits top shareholder Porsche’s power, rebuffing the sports carmaker. Porsche has been fighting for ways to gain more control over VW.Read more
Daimler is currently reevaluating all investment plans and if they do not directly contribute to improve the competitiveness of the company they will be cut.Read more
EU industry commissioner, Günter Verheugen, has said that it would be up to the German government alone to decide whether to give guarantees to Opel in the event of its parent company’s bankruptcy.Read more
Porsche chief Wendelin Wiedeking will set out a roadmap for the takeover Volkswagen at its financial press conference this week on Wednesday, and may give forecasts for the current year.Read more
It’s not exactly a full-on illumination, but Volvo has revealed a first glimpse of the Volvo S60 Concept car which will be unveiled at the Detroit Motor Show in early January 2009, giving an indication of what the all-new Volvo S60 will look like when it’s launched in 2010.Read more
Honda’s zero-emission fuel cell supercar concept – the FC Sport design study model – has been revealed at the LA Auto Show.Read more
Luca de Meo, Alfa Romeo CEO, discusses the Mi.To, a sporty crossover, and the move back to rear-wheel drive.
Q&A | Luca de Meo, Alfa Romeo CEO
Stephen Wynne is CEO of the De Lorean Motor Company near Houston, and he wants to sell you a new De Lorean.
How did you get started with De Loreans?
I’m a mechanic by trade, and in 1983, I had an independent shop in L.A. that worked on English and French cars. The De Lorean was basically an English/French car , so I started working on them. The company was having difficulty, and dealers didn’t want to work on the cars. I got so busy that I started concentrating on De Loreans. From there, it’s crept up. We opened another facility in Texas, and in 1997 I put together a deal to buy the remaining De Lorean parts inventory.