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May
28th

Dealers will get U.S. floorplan guarantees in 15-month test

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Dealers struggling to find floorplan financing will get aid from the federal government through a pilot program being launched by the Small Business Administration. Full story...
May
28th

BMW X1: Striving to be the driver’s choice among small SUVs:

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As its name suggests, the BMW X1 represents the entry level in the German carmaker's SUV lineup. Full story...
May
28th

Dodge Viper operations draw limited interest:

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Chrysler LLC's Viper sports car business has drawn only limited interest from buyers, according to court statements filed in connection with the automaker's bankruptcy hearing. Full story...
May
28th

2009 Sneak Preview: New and Future Jaguar Cars

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2009 Sneak Preview: New and Future Jaguar Cars
New and Future Jaguar Cars - 2009 Sneak Preview - Automobile Magazine
Like the XFR sedan, the XK coupe and convertible receive a new version of Jaguar's AJ-V8 engine for 2010.

Just like you, we always want to know what's coming next from Detroit, Tokyo, Stuttgart, Munich, Los Angeles, and all the other places where automotive engineers and designers dream and scheme on our behalf. Car companies, of course, are loath to share information on new products lest their competitors try to copy them--or you decide not to buy the cars they already have on dealer lots. Car companies, though, are simply groups of people, and some of them have a hard time keeping secrets. So, we poke, we prod, we cajole, and we uncover information that becomes the basis for our annual Sneak Preview issue. As always, some of our information is educated guesswork based on hints, insinuations, hunches. Make no mistake, though, these cars are on their way, even though details may change. Ladies and gentlemen: our list of 136 cars coming over the next few years...


Photo Gallery: New and Future Jaguar Cars - 2009 Sneak Preview - Automobile Magazine


Full story...
May
28th

Saturn bidder taps former Chrysler execs for advice

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Telesto Ventures, a contender for General Motors' Saturn brand, has recruited a team of Chrysler veterans as advisers, a spokeswoman confirms. Full story...
May
28th

Potential Saturn buyer rounds up advisors from Chrysler

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Telesto Ventures, a contender for General Motors' Saturn brand, has recruited a team of Chrysler veterans as advisers, a spokeswoman confirms. Full story...
May
28th

Chrysler’s Viper operations attract limited interest

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Chrysler LLC's Viper sports car business has drawn only limited interest from buyers, according to court statements filed in connection with the automaker's bankruptcy hearing. Full story...
May
28th

Chrysler’s Viper operations draw limited interest

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Chrysler LLC's Viper sports car business has drawn only limited interest from buyers, according to court statements filed in connection with the automaker's bankruptcy hearing. Full story...
May
28th

We plug in to the Chevrolet Volt and find it easy to drive: News Brake for Thursday, May 28:

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In today's News Brake: We get some time in the driver's seat of the Chevrolet Volt and find that it's good; Cadillac is ready to launch the new SRX and CTS wagon this summer; and the Ariel Atom goes nuclear with a 500-hp V8 ... Full story...
May
28th

GM won’t name dealers on cut list; others are trying

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So far, General Motors has declined to identify the 1,124 dealerships scheduled to be cut off when their franchise agreements expire on Oct. 31, 2010, but the names appear to be getting out just the same. Full story...
May
28th

GM won’t name dealers on cut list, but others are trying

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So far, General Motors has declined to identify the 1,124 dealerships scheduled to be cut off when their franchise agreements expire on Oct. 31, 2010, but the names appear to be getting out just the same. Full story...
May
28th

Two sides face off in Chrysler courtroom drama

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The horror! cried Kurtz. We're playing the game fairly, said Ball. If the U.S. Bankruptcy Court allows the sale of a "new Chrysler" to Italy's Fiat S.p.A. Full story...
May
28th

JAPAN: Automaker April output cuts vary from 30-54%

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Japan's five top automakers made substantial worldwide output cuts in April amid the global recession, with their respective margins of year-on-year cut ranging from 29.7% to 54.3%, according to data released on Thursday. Full story...
May
28th

ITALY: CIR sees no Sifegi Q2 improvement

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Italian conglomerate CIR sees no improvement in second-quarter results at its auto components unit Sogefi after a weak first quarter, CEO Rodolfo De Benedetti has said. Full story...
May
28th

NETHERLANDS: GM Europe dealers renew shareholding offer

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In light of the need for an additional EUR300m in financing that has just been estimated for Opel, the European association of around 4,000 dealers, Euroda, has renewed its offer for dealer shareholding in a future Opel/Vauxhall corporation. Full story...
May
28th

US: GM, Treasury, sweeten bondholder offer

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General Motors and the US Treasury on Thursday made an improved equity exchange offer to bondholders with US$27bn (GBP16.9bn) in debt intended to pave the way for a quick bankruptcy process for the automaker. Under the proposed deal, which GM said was supported by creditors representing about 20% of its debt, bondholders would be offered 10% of a reorganised company and given warrants to purchase another 15%. Full story...
May
28th

German minister recruits Clinton to help with Opel

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German Foreign Minister Frank-Walter Steinmeier said on Thursday he got assurances from U.S. Secretary of State Hillary Clinton that she would push for U.S. support to find a solution for General Motors Opel unit. Full story...
May
28th

US: Lower costs help Eaton meet guidance

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Eaton is counting on lower expenses to help the company meet its 2009 earnings guidance in the midst of a decline in demand from the automotive industry and other major markets, chairman and CEO Alexander Cutler has said. Full story...
May
28th

2009 Sneak Preview: New and Future Ford Cars

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2009 Sneak Preview: New and Future Ford Cars
New and Future Ford Cars - 2009 Sneak Preview - Automobile Magazine
The Raptor needs to be experienced first-hand, because there's simply nothing else like it on the market-and there may never be again.

Just like you, we always want to know what's coming next from Detroit, Tokyo, Stuttgart, Munich, Los Angeles, and all the other places where automotive engineers and designers dream and scheme on our behalf. Car companies, of course, are loath to share information on new products lest their competitors try to copy them--or you decide not to buy the cars they already have on dealer lots. Car companies, though, are simply groups of people, and some of them have a hard time keeping secrets. So, we poke, we prod, we cajole, and we uncover information that becomes the basis for our annual Sneak Preview issue. As always, some of our information is educated guesswork based on hints, insinuations, hunches. Make no mistake, though, these cars are on their way, even though details may change. Ladies and gentlemen: our list of 136 cars coming over the next few years...


Photo Gallery: New and Future Ford Cars - 2009 Sneak Preview - Automobile Magazine


Full story...
May
28th

Review: 2010 Volkswagen Golf GTI

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Review: 2010 Volkswagen Golf GTI
2010 Volkswagen Golf GTI - 2009 Sneak Preview Review - Automobile Magazine
Our prayers are answered.

Recent developments at Volkswagen have sent some enthusiasts praying for their beloved brand. A sacrilegious VW badge on a Chrysler minivan and plans for watered-down, cost-cut, U.S.-specific models are an effort to attain VW's ludicrously optimistic U.S. sales target of 800,000 cars per year. But those cars come at the risk of undermining Volkswagen's brand image - that of a premium, sporty product with superior driving dynamics.


Photo Gallery: 2010 Volkswagen Golf GTI - 2009 Sneak Preview Review - Automobile Magazine


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