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So far, there’s no clear rescue plan for Lotus. It has aggregate liabilities of around $400 million and is losing about two million dollars every month. It also doesn’t seem...
by - October 25, 2012
The seventh-generation 2014 Chevrolet Corvette is powered by an all-new small-block V-8 engine dubbed as the LT1 -- fifth-generation of GM’s famous eight-cylinder. It boasts an output of at least...
by - October 25, 2012
General Motors has announced that due to a few defects detected in the gearbox of the manual-equipped 2013 Cadillac ATS 2.0T cars, production has been temporarily stopped. Most of the...
by - October 25, 2012
Volkswagen will invest up to EUR3.4 billion ($4.4 billion) to upgrade its model lineup and plants in Brazil. According to VW chief executive Martin Winterkorn, the investment is part of...
by - October 24, 2012
American Honda Motor Co. is now ready to increase its production capacity at its plants in the United States or Canada, or at its still-being constructed factory in Mexico. The...
by - October 24, 2012
Honda Motor Co. announced plans to roll out its Acura brand in Brazil starting 2015. The Japanese company joins a number of carmakers aiming to market their luxury vehicles in...
by - October 24, 2012
German carmaker Volkswagen is trying to cope with the dwindling demand for vehicles at its European home market by expanding plants in Brazil and exporting cars to China, chief executive...
by - October 24, 2012
Labor unions said that Ford Motor Co. will shut down its assembly plant in, Genk, Belgium, and will transfer the plant’s production to Valencia, Spain. Union officials said that Ford...
by - October 24, 2012
Under the alliance between General Motors Co. and PSA/Peugeot-Citroen, they will co-develop four projects. In a statement, the companies enumerated the projects that they will share. The first is a...
by - October 24, 2012
Bugatti has introduced the open top version of its Grand Sport luxury sports car to the South American market. The luxury carmaker has unveiled the Bugatti 16.4 Grand Sport Vitesse...
by - October 24, 2012
Toyota Motor Corp. denies press reports that it intends to withdraw from China, the world's biggest auto market, according to Chinese media. Tensions had been increasing due to the territorial...
by - October 24, 2012
General Motors Co. wants to get a nearly complete control of its South Korean unit by purchasing a 17% stake held by the unit's second-largest shareholder. This move restored concerns...
by - October 24, 2012
BMW Motorsport’s Bruno Spengler (CA) won the drivers’ title of the BMW Bank M3 DTM in the tenth and final DTM race. It is Spengler’s fourth win of the season,...
by - October 24, 2012
France’s industry minister, Arnaud Montebourg, revealed that the country is appealing to PSA/Peugeot-Citroen to name government and worker representatives to its board, lessen job cuts and ensure that plants return...
by - October 24, 2012
Kia will release a 200bhp Procee’d three-door hatchback next summer. Many will be watching out for Kia’s entry in the hot hatch segment, especially since it applied the same high-performance...
by - October 24, 2012
It’s a year and a half before the Mercedes-Benz’s new entry-level GLA SUV goes on sale but we don’t have to wait that long to get a glimpse. It was...
by - October 24, 2012
Royal Bank of Canada has entered a $4.1 billion deal to purchase the Canadian auto finance and deposit arm of Ally Financial Inc. Royal Bank of Canada hopes to make...
by - October 24, 2012
The Southern Group of Motoring Writers (SGMW) has awarded the Car of the Decade accolade to the Jaguar XF. The SGMW -- composed of 30 motoring journalists, editors and authors...
by - October 23, 2012
Those interested can now order the seventh-generation Volkswagen Golf, with a starting price of £16,285 (RRP OTR). Prices could go as high as £24,880. VW boasts of the latest Golf...
by - October 23, 2012
Stefan Jacoby’s recent departure as the chief executive of Volvo Car Corp. was a controversial one. Although Jacoby suffered from stroke in September 2012, it was not cited as the...
by - October 23, 2012