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As the U.S. government converted $5.5 billion of preferred stock into common shares, Ally Financial Inc. is inching closer to reclaiming its independence. Ally is formerly the lending unit of...
by - January 4, 2011
The contract of Volkswagen AG's CEO, 63-year-old Martin Winterkorn, was extended by five years as he seeks to complete a merger with Porsche Automobil Holding SE and outdo Toyota Motor...
by - January 4, 2011
With regards to the 2011 contract negotiations, UAW President Bob King shared that he wants union representation on the boards of the Detroit 3. He sees the German auto industry...
by - January 4, 2011
If analysts are to be believed, we should all breathe easy as oil prices may be rising in 2011 but they will not reach the heights that they were at...
by - January 4, 2011
Mercedes-Benz announced that the production of its most powerful ML model, the ML63 AMG has come to an end. The last models that Mercedes-Benz has terminated are the ML63 AMG...
by - January 4, 2011
At the instigation of Volvo’s new boss Stefan Jacoby, the carmaker is prioritizing the development of an entry-level SUV. Part of a broader future model strategy, this SUV is expected...
by - January 4, 2011
Mercedes-Benz has launched its Mega City Mobility project, which studies how to style a range of new alternative-drive city cars. The company’s Yokahama-based studio in Japan is where the styling...
by - January 4, 2011
Earlier today we revealed you the fact that Volvo is working on the XC30 entry-level SUV, but it appears that the Swedish manufacturer is not the only one planning a...
by - January 4, 2011
The 2011 Hyundai Sonata Hybrid passed all the tests when it was driven by hypermiler Wayne Gerdes in a journey of 2269 miles from Pacific Ocean to Atlantic Ocean averaging...
by - January 4, 2011
Consumer Reports magazine announced today that it will not recommend the the Chevrolet Tahoe SUV and Ford Edge and Lincoln MKX crossovers due to the low scores in the magazine's...
by - January 4, 2011
General Motors Co.’s sales increased by 8% in December 2010, boosted by the arrival of new models as well as the high demand for crossovers. December marked the fourth straight...
by - January 4, 2011
With 1,085,211 units sold, Chrysler Group LLC has sold 17-percent more vehicles in the entire year of 2010 than in 2009. This comes as the carmaker sold 16-percent more vehicles...
by - January 4, 2011
Audi denied today a report that it is planning to launch sales of the A1 electric car fitted with a range-extending rotary engine against the wishes of parent company, Volkswagen. ...
by - January 4, 2011
Nissan North America, Inc. (NNA) sold 27.7-percent more vehicles in the United States in December 2010 (93,730 units) than in the same month a year ago (73,404 units). This allowed...
by - January 4, 2011
Daimler AG forecasts that sales of its commercial vans in the U.S. this year will match 2009 deliveries after distribution was shifted to luxury retailers from Dodge dealers. According to...
by - January 4, 2011
Although it is not official yet, it appears that General Motors is planning to introduce a new engine on the 2012 Chevrolet Camaro. According to our sources, the American manufacturer...
by - January 4, 2011
For the first full year of sales, Volkswagen expects the American "New Midsize Sedan" (or NMS) to sell over 60,000 units, according to MotorTrend. The German carmaker is optimistic that...
by - January 3, 2011
Nissan will attach a monitoring system to the Leaf, the world's first mass produced electric vehicle. If you were thinking of buying one, you’re burdened with the knowledge that how...
by - January 3, 2011
There were speculations that hybrid drive systems, or Kinetic Energy Recovery Systems (KERS), will make an appearance in Formula 1 in 2011. But there has been no confirmation and it’s...
by - January 3, 2011
U.S. District Judge Harold Baer in Manhattan dismissed two lawsuits that claimed that Porsche Automobil Holding SE cost hedge funds over $2 billion by deceiving short-sellers in acquiring Volkswagen AG...
by - January 3, 2011
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