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May
27th

Germany scrambles to protect Opel from U.S. creditors

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Germany scrambled today to put a plan in place to protect Opel from a looming bankruptcy filing by its U.S. parent General Motors. Full story...
May
27th

Germany taps Fiat, Magna as preferred Opel bidders, report says

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The German government has decided to give Fiat and Magna preferred bidder status for General Motors' Opel unit and grant them access to the automaker's books, the German daily Die Welt said. Full story...
May
27th

Germany favors Fiat, Magna as Opel bidders, report says

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The German government has decided to give Fiat and Magna preferred bidder status for General Motors' Opel unit and grant them access to the automaker's books, the German daily Die Welt said. Full story...
May
27th

Germany favors Fiat, Magna for Opel, report says

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The German government has decided to give Fiat and Magna preferred bidder status for General Motors' Opel unit and grant them access to the automaker's books, the German daily Die Welt said. Full story...
May
27th

First Drive: 2010 Lexus HS250h

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First Drive: 2010 Lexus HS250h
2010 Lexus HS250h - Lexus Hybrid Luxury Car Review - Automobile Magazine
One look at the frumpy 2010 Lexus HS250h confirms what we've suspected all along of Prius drivers: the hybrid's smug visual statement is as important to the purchaser as its fuel economy.

One look at the frumpy 2010 Lexus HS250h confirms what we've suspected all along of Prius drivers: the hybrid's smug visual statement is as important to the purchaser as its fuel economy. This explains why the dorky Prius handily outsells the quite ordinary-looking Camry Hybrid, and is probably why Lexus didn't simply build a hybrid version of the ES.


Photo Gallery: 2010 Lexus HS250h - Lexus Hybrid Luxury Car Review - Automobile Magazine


Full story...
May
27th

GM bond exchange falls short of target, paving way for bankruptcy

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General Motors today prepared to face the fallout from a failed debt exchange that sends the largest U.S. automaker closer to a bankruptcy filing expected by the end of the month. Full story...
May
27th

Honda to roll out hybrid Fit in autumn 2010 — paper

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Honda Motor Co. Full story...
May
27th

Honda to launch hybrid Fit in autumn 2010, paper reports

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Honda Motor Co. Full story...
May
27th

Schaeffler, union reach deal that prevents layoffs

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German ball bearing maker Schaeffler has struck a deal with labor to avoid forced layoffs for one year and let workers take a stake in the company in exchange for pay cuts, a top IG Metall union leader said. Full story...
May
27th

Honda to launch hybrid Fit in 2010, paper reports

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Honda Motor Co. Full story...
May
27th

Chrysler submits $448 million plan to develop electric vehicles

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U.S. automaker Chrysler LLC said on Tuesday it submitted proposals totaling $448 million to the U.S. Department of Energy to research and develop electric vehicles and plug-in hybrid models. Full story...
May
27th

Highlights of the GM-UAW deal

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UAW officials unanimously endorsed a new cost-cutting labor agreement with General Motors on Tuesday, paving the way for a quick rank-and-file vote this week. Here are highlights of the new GM contract agreement: Full story...
May
27th

GM will spare 2 plants targeted for shutdown

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General Motors agreed to spare two plants that had been targeted for closure and will resurrect them to make small cars and their metal parts, according to highlights of a tentative contract agreement with the UAW. Full story...
May
27th

GM’s bond exchange rejected, making bankruptcy near certain

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General Motors said today that a crucial bond-exchange proposal failed to gain enough support and that its board of directors would meet to review the automaker's options, clearing the path for what would be the largest U.S. Full story...
May
27th

Maserati confirms hiring of departing GM exec McNabb

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Mark McNabb, who has resigned from General Motors after 13 months, will lead Maserati North America Inc., Maserati announced today. McNabb, 48, will replace Marti Eulberg, who left the importer last month as CEO. Full story...
May
27th

U.S. wants to be inactive GM shareholder

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The U.S. government wants to be as inactive a shareholder in General Motors as possible if it ends up taking an ownership stake during a reorganization of the automaker, sources said on Tuesday. Full story...
May
27th

2010 Honda Insight EX Review

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"Is that one of those hybrids?" asked the guy next to me at the gas station as I topped off the Honda Insight's tank. "Yes, it is" I replied. He inspected the little eco-pod's awkwardly-shaped body for a moment, one lip half curled up. After a moment's pause, he commented "I'd never buy one of those". Full story...
May
27th

IRL: Paul Tracy to race in Milwaukee for Foyt

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As we had announced yesterday, Canadian Paul Tracy has now been confirmed to drive for AJ Foyt Racing this coming week-end at Milwaukee, replacing the injured Vitor Meira at AJ Foyt Racing. Full story...
May
27th

Developers of the lithium-ion battery for the automobile receive award

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The "Professor Ferdinand Porsche Award" of 50,000 Euro is one of the world's most coveted awards for research in the field of automobile technology and was awarded today by the Technical University of Vienna to Dipl. Eng. Michael Keller from Temic Automotive Electric Motors GmbH, Berlin, and Prof. Herbert Kohler from Daimler AG, Stuttgart. Full story...
May
27th

Cadillac Launches Two New Vehicles This Summer

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Cadillac's model lineup expands with two dramatically-designed new luxury vehicles that also bring new dimensions of versatility and efficiency to the marketplace. Cadillac announced today that the 2010 SRX Crossover, scheduled to begin production this summer, will be priced aggressively starting at $34,155. Full story...
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