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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Feb
11th
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Chrysler LLC, which has received a $4 billion government loan, is on track to complete a required government submission outlining its plan to become viable, the automaker's product development chief said today. Full story...
Feb
11th
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11th
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Ford Motor Co. has signed a three-year agreement to sell vehicles to Dollar Thrifty Automotive Group Inc., gaining a share of the car rental company's mostly Chrysler fleet. Full story...
Feb
11th
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Electric car start-up Tesla Motors Inc. said today it should be profitable by the middle of this year and that it is sold out of its Roadster model until early November. Full story...
Feb
11th
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The auto industry in the United States suffers from an abysmal public perception and must voluntarily undertake "revolutionary" change to pull itself out of the morass, said John Krafcik, acting CEO of Hyundai Motor America. Full story...
Feb
11th
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The U.S. auto industry suffers from an abysmal public perception and must voluntarily undertake "revolutionary" change to pull itself out of the morass, said John Krafcik, acting CEO of Hyundai Motor America. Full story...
Feb
11th
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Heating and cooling system specialist Modine Manufacturing expects a third quarter loss and has said it had reached a tentative agreement with lenders to amend its debt covenants. Full story...
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11th
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Sirius XM, the satellite radio company, may be close to filing for Chapter 11. Full story...
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11th
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First official shots of Exeo estate, and additional details ahead of the saloon's launch Full story...
Feb
11th
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When we saw Rhys Millen during a shakedown run of his Genesis coupe SEMA car last fall, he was without factory backing for the 2009 race season. Full story...
Feb
11th
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Hyundai says it intends the R-Spec "to appeal to true enthusiasts who want a low starting price and the ability to tune their car to their own specifications."
One of the few bright spots in what has been a bleak, anxious period for the auto industry has been Hyundai. Last year, the Korean automaker made a clean break from its econocar roots with the Genesis, an honest-to-goodness luxury sedan that took home North American Car of the Year honors. More recently, it let journalists drive the Genesis Coupe, a sport compact-cum-pony car that might just crash the new Mustang and Camaro's coming out parties. The ink hasn't even dried yet on those driving impressions, but that's not stopping Hyundai from revealing its next moves, namely, a racing program and more importantly the Genesis Coupe R-Spec.
Photo Gallery: 2010 Hyundai Genesis Coupe R-Spec - 2009 Chicago Auto Show Coverage, New car Reviews, Concept Cars - Automobile Magazine
Feb
11th
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The Forte, which will effectively replace the Spectra (in both size and price), is due to go on sale in North America in the second quarter of 2009.
Hot on the heels of its launch of the squarish Soul, Kia has unveiled the 2010 Forte sedan at the 2009 Chicago Auto Show. The Forte, which will effectively replace the Spectra (in both size and price), is due to go on sale in North America in the second quarter of 2009.
Photo Gallery: 2010 Kia Forte - Kia Midsize Sedan First Look - Automobile Magazine
Feb
11th
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If there were any doubts about the 2010 Genesis coupe being the new leader in performance value, Hyundai is erasing those with the introduction of the R-Spec trim. Full story...
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11th
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U.S. auto industry sales have been running about the same in February as January, the worst month in 27 years, but signs of recent stability in retail sales have continued and remain encouraging, a Ford Motor Co. executive said today. Full story...
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11th
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Ferrari achieved a 17.6% return on sales last year versus 15.9% in 2007. Trading profit rose 27% to EUR339m. Full story...
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SAIC, owner of bankrupt Ssangyong, says it will retain its interests in Ssangyong's assets, even though it has lost control of the company. Full story...
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11th
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Volkswagen-owned British luxury carmaker Bentley has followed up earlier production cuts by axing 220 jobs, or almost 6% of its British workforce, and temporarily cutting pay 10% for remaining staff. Full story...
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11th
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Volkswagen passenger car sales worldwide fell 14.1% year on year in January to 246,700 while group sales were off 21.3% to 382,000, the automaker said on Wednesday (11 February). Full story...
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11th
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At next month's Geneva motor show, Saab looks to provide a right-sized crossover with the introduction of the 2010 9-3X. Full story...