General Motors will receive a second $5.4 billion installment of its government loan on Jan. 16, the U.S. Treasury said late Monday. In a transaction report for its bailout fund, the Treasury said it has approved the release of a total of $9.Read more
During a focus group meeting in late November, Joel Ewanick, Hyundai Motor America’s vice president of marketing, realized no matter how much cash Hyundai piled on the fenders, it probably wasn’t going to get buyers into showrooms.Read more
PARIS — PSA/Peugeot-Citroen announced Monday that executive vice president human resources Jean-Luc Vergne will leave the group at the end of February.Read more
The LR3 is a very nice SUV, and the Range Rover Sport might be the coolest-looking sporty SUV around, but the 2009 Land Rover LR2 HSE is a bit of an enigma.
Land Rover is a funny brand. Its flagship Range Rover doesn’t sell in astounding numbers, but the company surely rakes in a healthy profit each time a Master of the Manor purchases one, and its customers are incredibly loyal. The LR3 is a very nice SUV, and the Range Rover Sport might be the coolest-looking sporty SUV around.
He memorably played a car thief in Gone in Sixty Seconds, but actor Nicholas Cage is offering his 1970 Plymouth Barracuda through legal means: the Hemi hardtop is one of the headliners at Russo and Steele’s annual auction in Arizona later…Read more
No matter what the fools on the Hill think, Detroit is already making cars that people want. Maybe not fast enough. Maybe too many clunkers are still lurking on showroom floors. But there are at least three that we celebrate in this issue.
I’ll be damned if I’m going to waste precious space trying to explain to anyone who doesn’t get it, why we think America’s precious Detroit-based manufacturing assets deserve a hand in the form of loans from the government. Why we think that Congress is full of self-righteous poseurs with double standards, hidden agendas, and heavily subsidized foreign automakers building cars in their (Southern, nonunion) home states.
The Evora retains the brand’s trademark aluminum tub structure and mid-engine layout, but the former is stretched to squeeze in an (optional) pair of kid-sized rear seats while the latter switches from four- to six-cylinder Toyota power.
The Lotus Elise and fixed-roof Exige define sports car purity, but with the recently unveiled new Evora, due here late this year, Lotus will live a bit larger. The Evora retains the brand’s trademark aluminum tub structure and mid-engine layout, but the former is stretched to squeeze in an (optional) pair of kid-sized rear seats while the latter switches from four- to six-cylinder Toyota power. Adapted from the Camry, the 3.5-liter V-6 puts out 276 hp and 252 lb-ft of torque, enough to zip the luxe Lotus from 0 to 60 mph in less than 5 seconds (the company claims) on the way to a top speed of 160 mph. This despite the Evora’s 2976 pounds, a full 50 percent more than the featherweight Elise. Of course, the Elise, with its bare-aluminum interior, makes zero concessions to comfort, whereas the Evora promises to be a veritable Maybach by comparison. It sports such unimaginable luxuries as navigation, an optional paddleshift automatic transmission, power steering, and – gasp! – cupholders. Not only that, but Lotus promises that entering and exiting the Evora will be “a less athletic undertaking,” thanks to narrower sills, wider-opening doors, and a taller roof, all of which perhaps explains the brand’s sudden embrace by the Hollywood glitterati, who have signed up for early test drives. Either that, or they think it’s a hybrid.
The joy of this endeavor, then, lies in the surprises. And fortunately there were plenty of those, too. Consider the case of the Dodge Challenger R/T.
Automobile Magazine’s annual All-Stars test inevitably features a few predictable outcomes. For instance, I fully expected the Chevy Corvette ZR1 to rip my face off, and indeed I am now faceless. And I wasn’t even driving it at the time. I was in the Jaguar XF, following executive editor Joe DeMatio, who floored the throttle and nearly triggered the Jag’s air bags with the concussive boom of the ZR1’s exhaust.
Japanese automaker Suzuki has backed off plans to build large cars and build assembly plants overseas, according to a report in the Nikkei business newspaper.Read more
Mr. President, there isn’t a moment to waste. The American automobile industry is melting down. We’re staring not just at the end of our industry’s dominance of its domestic market but at the threat of its utter demise.
President Barack Hussein Obama
The White House
1600 Pennsylvania Avenue NW
Dear Mr. President,
Ford Motor Co. posted a 32 percent decline in December sales as the U.S. auto industry capped its worst year since the early 1990s. Ford’s drop was its 23rd in the past 24 months. The Volkswagen brand was down 14.4 percent, and Daimler AG plunged 23.Read more
General Motors, Ford Motor Co., American Honda and Toyota Motor Sales U.S.A. all reported sales declines of more than 31 percent in December as the U.S. auto industry capped its worst year since the early 1990s. GM’s 31.Read more
General Motors, Ford Motor Co., American Honda and Toyota Motor Sales U.S.A. all reported sales declines of more than 31 percent in December as the U.S. auto industry capped its worst year since 1992.Read more
Car parts maker Eybl International has declared bankruptcy, noting that the future of its production sites in central eastern Europe was still to be determined.Read more
The regular release of sealed-for-decades ‘secret’ government papers in the UK and elsewhere occasionally turns up a gem like this – a late-70s proposal to swap Australian beef for cars.Read more
In January 2003, federal prosecutors say, auto dealer Jamie Auffenberg told an undercover Internal Revenue Service agent that when Auffenberg went to the U.S. Virgin Islands, he made a point of recruiting people to share meals or go fishing.Read more
Spanish new car registrations fell by 49.9% year-on-year to 72,377 units in December according to local trade industry association ANFAC.Read more
China imported 2.26m cars last year, 13.1% more year on year, the central government has said.Read more
Mercedes got at least one good thing from Chrysler.
I have a hard time with SUVs. I can understand drivers who appreciate a high seating position, although it gives no advantage when everyone else drives tall vehicles, too. I can understand wanting to give the impression that you’re ready to tackle the Serengeti, not just the drive to the grocery store. Signifying that you might be something more than you actually are seems to be important to many people. I understand that experience with rough-riding, truck-based SUVs made many people flee to car-based crossovers that provide the same signs of tough capability without the concomitant discomfort. What I can’t understand is the widespread willingness to push a tall, square-cornered box through the air at the cost of unnecessary fuel bills when an aerodynamic vehicle would do the same job more efficiently. But there clearly is a market for small luxury SUVs, and Mercedes-Benz thinks it needs an entrant, thus the GLK.
Volvo and Eicher Motors VE Commercial of India Eicher brand sales fell 68% to 748 units.Read more