GM to Buy Back $5.5-Billion in Shares from US Treasury
19 Dec 2012, 14:41 UTC · By: Andrei Nedelea / General Motors has just revealed that it will be buying back some 200 million shares from the US Treasury Department. The shares themselves are GM’s very own, and will be bought back at $27.50...
FPV Factory Closes its Doors - Will Live on As Ford-Owned Performance Brand
19 Dec 2012, 09:57 UTC · By: Andrei Nedelea / Ford Performance Vehicles (FPV) of Australia has a long history of hand-building special high performance versions of the local market Ford Sedans. However, its run as an independent manufacturer ha...
GM Dismisses El Camino and Nomad Trademark Filings
18 Dec 2012, 17:12 UTC · By: Andrei Nedelea / We recently reported GM’s recent trademark filings, for the El Camino and Nomad nametags, and we assumed they were planning on actually making cars to bear them. However, General Motors has no...
Volvo Expects No Increase in Sales Next Year
18 Dec 2012, 14:06 UTC · By: Andrei Nedelea / Volvo sold 450,000 cars in 2011, and this year they don`t expect to sell any more than 400,000 - 410,000 units. Now, for 2013, they have announced that they are expecting no real increase in sales, ...
Chevrolet Idles Malibu Production Due to High Inventory
18 Dec 2012, 13:38 UTC · By: Mihnea Radu / Right off the bat, the brand new Chevrolet Malibu is creating lots of problems for General Motors. The car was designed as a global product that can also appeal to Europeans, Asians or Australians, ...
Infiniti's New Naming Strategy: Q for Sedans, QX for Crossovers
18 Dec 2012, 10:45 UTC · By: Mihnea Radu / Let’s just say right off the bat that we think this is a really bad idea, one of the worst naming strategies we’ve ever seen. Infiniti would have been far better off giving every car a r...
Opel CEO Says Talks Between GM and PSA Are Going Well
17 Dec 2012, 11:05 UTC · By: Andrei Nedelea / The PSA Peugeot-Citroen group has been in talks with GM for several months now, trying to find some sort of solution for poor sales in Europe. It was said that the two automakers would first build t...
Fiat Committed to Buying Remaining 41.5% of Chrysler
17 Dec 2012, 10:21 UTC · By: Andrei Nedelea / After seeing that Chrysler is actually profitable, and so much so that it is dragging Fiat along for the ride, Sergio Marchionne is now convinced that buying the remaining 41.5% of the Chrysler Grou...
European Car Sales Reach Dreaded 19-Year Low
17 Dec 2012, 08:34 UTC · By: Andrei Nedelea / We had heard about the dreaded 19-year low which was expected to hit the European car sales sector in 2012, and since all the industry news we have recently posted about the Old Continent have been ...
Downsizing - How to Keep Performance at Low Displacement
16 Dec 2012, 15:10 UTC · By: Andrei Nedelea / This year has seen an explosion in the number of turbocharged small displacement petrol engines available under the bonnets of new cars. Ford, Fiat, the Volkswagen Group brands, some of the GM brand...
GM Announces 2013 as Year of the Truck!
14 Dec 2012, 11:17 UTC · By: Andrei Nedelea / While GM may have concentrated on small and fuel-efficient cars in 2012, with offerings like the Chevy Volt, the Chevy Spark EV and a whole slew of other green-orriented models, they have announced ...
UK Vehicle Production Output Goes Up in November
14 Dec 2012, 10:07 UTC · By: Andrei Nedelea / The Society of Motor Manufacturers and Traders (SMMT) has announced that the total vehicle production output, in the UK, has gone up by 4.9% in November, while engine production went down by a small...
Nissan to Launch 15 New Green Models by 2017
13 Dec 2012, 15:32 UTC · By: Andrei Nedelea / As Nissan CEO, Carlos Ghosn, said after the company launched the Leaf EV, they will be relying heavily on hybrids and full EVs in their model lineup, in years to come. Now, they have announced that ...
November Car Sales Go Up 11.52% in China
13 Dec 2012, 12:02 UTC · By: Andrei Nedelea / While many parts of the world are still in a state of recession, car sales in China are going well, and have done so for many months. November makes no exception, as an impressive 1.79 million units...
Renault Sells Remaining 6.5% Stake in Volvo Trucks for €1.48-Billion
13 Dec 2012, 10:58 UTC · By: Andrei Nedelea / Renault has just announced that it has sold off its remaining shares in Volvo Trucks, in order to better fund their international and domestic investments, as well as reducing their debt, which stoo...
BMW to Develop Carbon Fiber Tech With Boeing
12 Dec 2012, 14:46 UTC · By: Andrei Nedelea / Materials used in the construction of jet planes are some of the most advanced, strongest and most expensive you could possibly think of. It comes as no surprise, really, that BMW has announced a pa...
Fisker to Resume Production Only After A123 Sale Completes
12 Dec 2012, 14:33 UTC · By: Andrei Nedelea / Green automaker Fisker was forced to stop production of its range-extender hybrid Karma, following the bankruptcy of their sole supplier of battery packs, A123 Systems Inc., and now that the company...
Buell Gets GE Inventory Financing, Not All Hope Is Lost
12 Dec 2012, 14:31 UTC · By: Florin Tibu / After getting cut off by Harley-Davidson and announcing the end of the journey back in 2009, Buell, since then going by the name of Erik Buell Racing LLC (EBR) seems to come back to a better life, a...
Wanxiang Acquisition Makes A123 Lose $116-Million US Grant
12 Dec 2012, 09:55 UTC · By: Andrei Nedelea / The acquisition of bankrupt US battery manufacturer A123 Systems Inc. by Chinese company Wanxiang is not all good news. Apparently, they will be losing a huge amount of money, according to official ...
Geely Gets Permission to Use Volvo Technologies
11 Dec 2012, 16:46 UTC · By: Andrei Nedelea / Volvo is now owned by Chinese automaker Geely, yet the oriental investors have so far not bee allowed to use any Volvo technologies in their cars. Well, that’s all about to change, with the si...