Japanese automaker Toyota has just issued a decidedly laconic press release announcing the unveiling at the Detroit Auto Show of a small, battery-powered, electric vehicle, the FT-EV, set to hit markets in early 2010. The vehicle, which no one has seen yet, is reportedly inspired from the diminutive subcompact, four-seat iQ sedan presented at the Geneva Auto Show.
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The TT, which got a major redesign for the 2008 model year, is in direct competition with the Porsche Boxster and Cayman, the BMW Z4, M Coupé and Roadster models as well as the Mercedes-Benz SLK. If you're a car fan with a good memory for numbers, you know that the most powerful TT was the 3.2 quattro which developed 250 horses.
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Bernie Ecclestone's angry rejoinder to Luca di Montezemolo recently could be an attempt to split the unified F1 teams' alliance.
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Toyota has dismissed reports that Jarno Trulli, the team's Italian race driver, could be replaced before the start of the 2009 season.
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Toyota has countered speculation it may join its Japanese rival Honda in withdrawing from formula one.
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BMW is recognized as a world leader in powertrain technology- and their efforts to create efficient performance have lately pointed them in the direction of diesel, hybrids and even hydrogen power.
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The TT, which got a major redesign for the 2008 model year, is in direct competition with the Porsche Boxster and Cayman, the BMW Z4, M Coupé and Roadster models as well as the Mercedes-Benz SLK. If you're a car fan with a good memory for numbers, you know that the most powerful TT was the 3.2 quattro which developed 250 horses.
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CarMax Inc., the largest used-car retailer in the United States, suffered its first quarterly loss since at least 2001 in the three months that ended Nov. 30.
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Toyota is bringing a small, battery-electric urban commuter vehicle concept to the Detroit auto show in January.
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Toyota Motor Sales U.S.A. Inc. said today that it will show a small electric concept vehicle at the Detroit auto show next month.
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Suzuki dealers won't get floorplanning help after all from Suzuki Motor Corp. In a letter sent to dealers Saturday, Dec. 20, Suzuki said it has been )x("",forced to abandon attempts to find a source of wholesale financing for its dealerships.
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The Federal Reserve today said new-car dealers' floorplan loans will be included in a $200 billion program designed to stimulate small-business and consumer lending.
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General Motors may finally be getting its loan from the federal government, but that doesn't mean it's going to resume its former marketing-spending levels.
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The 909 Bergspyder--which was built in small numbers in 1968, mainly for hillclimbs--is the lightest Porsche race car of all time.
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Porsche has always raced in a unique way.
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It’s the news that General Motors and Chrysler have been desperate to hear – the US government has finally agreed to loan to help them stay afloat.
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The latest speed demon from Ford Racing, the Cobra Jet Mustang, is a lock to be a collectors item--but at least four of them are sure to light up their tires and make it down the strip.
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Further crystallizing the severity of the global economic downturn, Toyota is forecasting its first annual operating loss as a sales slump and rise in the yen eat into the automakers usually flush finances, according to a Reuters report.
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Clutch producer ZF SachsSlovakia, in Trnava, plans to lay off 70 of its 1,350 employees,mainly production workers, from February, according to a local job centre spokeswoman.
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As pressures increase to thin the number of auto dealerships, a few Detroit area Ford dealers took matters into their own hands. The decision to stop selling new Ford vehicles at Al Long Ford Inc. in Warren, Mich.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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