Archive for March, 2009

Spy Shots: 2010 Opel Insignia OPC almost ready for Frankfurt

Filed under: Frankfurt Auto Show, Spy Photos, Sedans/Saloons, Wagons/Estates, Euro, Hatchbacks, Opel, Vauxhall

2010 Opel Insignia OPC - Click above for a high-res gallery
Although the Opel Insignia OPC was a no-show at the Geneva Motor Show, work is still underway on the hottest version of Opel’s mid-sized sedan. Early reports indicated that the OPC variant will […]

That was fast: Chrysler and Fiat agree on partnership framework of a global alliance

Filed under: Euro, Chrysler, LLC., FIAT
Not long after the President concluded his televised press conference today, Chrysler released a statement saying that it and Fiat have already reached an “agreement on a framework of a global alliance”.
The President announced that the U.S. government would supply Chrysler with sufficient capital (up to $6 billion) to […]

Tools Down: IKEA not building cars, Leko a car-sharing service in France

Filed under: Euro, Green

Last week, rumors regarding an upcoming eco-friendly small car from IKEA hit the internet in full force. Sounds pretty crazy, no? As it turns out, the truth is much less interesting than we had hoped. It seems the viral ad campaign that we saw last week for the IKEA Leko is announcing […]

Wagoner retirement package worth $20.2 million

Filed under: Government/Legal, Hirings/Firings/Layoffs, GM, Earnings/Financials

Now that Rick Wagoner is out of a job, he’s eligible to start receiving retirement benefits from his former employer of 32 years. Though having received over $63 million in salary since becoming a General Motors executive in 1992, Wagoner is eligible for a “Salaried Retirement Plan” and “Executive Retirment […]

Gov’t rejects automaker restructuring plans, new deadlines set

President Obama has just finished his press conference on the government’s determination of the viability of General Motors and Chrysler, and the gist is that both automakers have failed to convince the feds that their business plans deserve further investment. Obama and his task force will give GM enough working capital to survive another 60 […]

Canada follows suit, rejects GM and Chrysler restructuring plans

Filed under: Government/Legal, Chrysler, LLC., GM, Canada

Not surprisingly, officials from the Canadian and Ontario governments have followed the U.S. government’s lead by officially rejecting the restructuring plans of General Motors and Chrysler. The Canadian officials said the automakers’ current plans do not go far enough and will not be certified as they are. In fact, […]

The Geely GE is how you say “Um… really?”

Filed under: Sedans/Saloons, China

Geely GE - Click above for high-res image gallery
Just like some folks in the U.S. buy the Chrysler 300C for its supposed resemblance to more expensive machinery, Geely has designed a faux Phantom for the Chinese market. The 17.5-foot long executive mover comes loaded for bear, with isolation glass and wool carpet […]

Spy Shots: 2010 Audi RS5 spied one more time at the ‘Ring

Filed under: Frankfurt Auto Show, Spy Photos, Coupes, Audi

2010 Audi RS5 - Click above for a high-res gallery
The 2010 Audi RS5 has reappeared at the Nurburgring and these newest images give us the best glimpse yet of the production version of the 500 hp coupe. The standard RS fascia we’ve seen before is still present, […]

REPORT: Updated Land Rover Range Rover headed to Big Apple, more LRX details emerge

Filed under: New York Auto Show, SUVs, Crossovers/CUVs, Land Rover
Even in the face of an overall market for SUVs that’s seen demand fall by over 50% over the last year alone, Land Rover’s top-level Range Rover is keeping the British/Indian automaker afloat. Sales of the Range Rover - which boasts a starting price of […]

VIDEO: Drifting 101 with world champion Rhys Millen

Filed under: Motorsports, Videos, Hyundai

click above for a high-res gallery of the Hyundai Genesis coupe at the track
Hyundai has set up a new YouTube channel where it’s going to be posting videos featuring its cars. The first couple of clips come from the Genesis coupe press intro that just took place in Nevada. You can […]