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The Latest News And Reviews
Throughout The Car Industry

Categories: Reports

GM Begins Trading Today With Biggest IPO In U.S. History

On: Thu, Nov 18, 2010 at 2:01PM | By: Sherry Christiansen

GM Begins Trading Today With Biggest IPO In U.S. History test 1-1

General Motors is going through a historical turning point as the Detroit automaker’s stock rises sharply, and the automaker returns to its status as a publicly traded company. GM’s Chief Executive, Dan Akerson, revved the engine of a Camaro at the opening of trading today on the New York Stock Exchange to “mark the occasion,” according to Bloomberg News. The stock jumped from its initial IPO price of $33 to $35.80 shortly after Akerson rang the opening bell, or to be more literal, the opening “growl.”

Today’s trading marks an incredible milestone for GM after filing for bankruptcy 16 months ago, when GM accepted a $50 billion government bailout. The U.S. government will reduce its stake in GM from 61% to 26% as part of today’s public offering.

Google Designs Cars That Drive Themselves

On: Thu, Nov 18, 2010 at 12:07PM | By: Sherry Christiansen

Google Designs Cars That Drive Themselves test 1-1

Researchers from Carnegie Mellon University have recently joined forces with Google to build a fleet of robotic vehicles that can literally drive themselves. The vehicles have already negotiated traffic for 140,000 miles with absoluelty no human intervention.

Google is exploring the possibilities of cars that can make complex decisions using artificial intelligence software to navigate themselves. Seven vehicles have traveled over 1,000 miles each in just a weekend without any intervention from a driver. Of course, there are drivers behind the wheel prepared to take over if necessary. There is also a technician passenger present to ensure that the navigation system is working properly, but so far the vehicles have done all the driving, even on steep hills with sharp switchbacks.

Fiat To Sell Ferrari?

On: Thu, Nov 18, 2010 at 10:40AM | By: Chris Weiss

Fiat To Sell Ferrari?  test 1-1

Fiat is currently considering selling off Ferrari, according to an Automotive News report. As the report goes, Fiat chief Sergio Marchionne indicated such a move in an analysts meeting in Turin, Italy last week. Fiat would sell Ferrari and then use the money to purchase a further stake in Chrysler. One possible candidate for purchase will have quite the stake in the supercar market should it complete the Ferrari buy. Game of Monopoly, anyone?

Lamborghini Unveils Its New Range-Topping Powertrain

On: Wed, Nov 17, 2010 at 5:52PM | By: Chris Weiss

Lamborghini Unveils Its New Range-Topping Powertrain test 1-1

We may not know all there is to know about the upcoming Jota quite yet. In fact, we don't even know if it will be called the Jota any more. But we now have the full details on what will power Lamborghini's next halo. The company has revealed its new V12 powertrain.


19 Launch Markets Announced For 2012 Ford Focus Electric

On: Wed, Nov 17, 2010 at 5:41PM | By: Chris Weiss

19 Launch Markets Announced For 2012 Ford Focus Electric test 1-1

Right now, the auto market is quickly preparing for the Chevy Volt and Nissan Leaf. This time next year, it will be preparing for the launch of another competitor: the Ford Focus Electric. Unlike the Volt and Leaf, the Focus EV will launch in more than a handful of markets when it debuts in late 2011. Ford announced 19 specific markets this week.

Toyota Predicts Sales Rise in 2011

On: Wed, Nov 17, 2010 at 12:49PM | By: Sherry Christiansen

Toyota Predicts Sales Rise in 2011 test 1-1

Toyota Motor Corp. is predicting its light vehicle sales to rise as much as 13% in 2011, according to a Toyota U.S. executive. Several factors, including the increase in pickup truck sales, have influenced analysts’ forecast. Sales Chief of Toyota in the U.S., Bob Carter, reports that the company expects its sales to be between 12.5 and 12.9 million units next year; up from this year’s expected number of only 11.4  to 11.5 million.

One M Worth Waiting For

On: Wed, Nov 17, 2010 at 12:37PM | By: Lou Ruggieri

One M Worth Waiting For test 1-1

Since its inaugural debut in 2008, the 1-Series BMW has developed a healthy following of its own, and become a bit more than what some critics touted as merely a "poor man's BMW". Whether it is the happy-to-be-in-the-sun 128i convertible, or the exhilarating turbo-charged 135i, or anything variation therein, the 1-Series has done well for itself. But as any true BMW enthusiast will tell you, no model lineup is truly worthy of the being called the Ultimate Driving Machine until it has an M car designation. It seems that the 1-Series has passed the consumer rite of passage, and now will enter the upper echelon of Bimmer-dom.  

Just as the 1-Series is essentially a 4/5ths version of the 3-Series, so the 1-Series M will be to the M3. In short, the M could stand for Mighty Mouse or just simply Marvelous. Sporting flared fenders, a quad tailpipe exhaust, and a bad attitude, this car is made to fly. It looks the part, thanks to being widened by those massive fenders by what appears to be about a foot, but in actuality amounts to only about 3.1 inches. As with most M cars, the 1-Series M will sport a new front fascia to differentiate it from lesser ones, but more importantly to help support the turbo's need for air, and lots of it.    

Although purists will argue that a "true" M car does not employ forced induction, and that naturally aspirated high revs are the defining characteristic of an M car... They are wrong. That may sound harsh, but in a world where fuel cost is perpetually on the rise, and engineers have to get more and more out of less and less, forced induction is the way to go for gas engines. Unless, those purists want to stay pure and get smoked around every track, at every stoplight, and on every road course they come across just to hold dearly to their outmoded idea of what performance needs to be, then sure, go for it.  

Ferrari World Coming To A City Near You?

On: Wed, Nov 17, 2010 at 10:56AM | By: Chris Weiss

Ferrari World Coming To A City Near You?  test 1-1

Last month, Ferrari World, the new Ferrari theme park in Abu Dhabi, opened its doors for the very first time, welcoming an inaugural period that will run through this month. An official grand opening ceremony is scheduled for November 30, and the world will officially have the Disney World of fast cars with prancing horse hood ornaments. It's about damn time.

Now I'm not sure about our average reader, but I know that I don't have a trip to Abu Dhabi planned anytime soon. And as much of a draw as Ferrari World is, I just don't see myself heading in that direction in the near future. But, if there happened to be a Ferrari World a little closer to home, it would definitely make my vacation short list. And according to news reports, Ferrari is already in the process of building a theme park empire.

The Nissan Ellure To Be Unveiled At The L.A. Auto Show

On: Wed, Nov 17, 2010 at 10:25AM | By: Sherry Christiansen

The Nissan Ellure To Be Unveiled At The L.A. Auto Show test 1-1

The last major auto show of the year comes to Los Angeles this week, considered one of the most green car shows in the world. The 2010 Los Angeles Auto Show is the last stop for automakers to introduce their latest production cars.

Nissan has announced its participation at the 2010 Los Angeles auto show where it will unveil the new Nissan Ellure concept, one of three vehicles that the Japanese automaker plans to launch at this year’s L.A. Auto Show.

Step Aside Jota: Lamborghini Aventador To Be The Next Flagship

On: Tue, Nov 16, 2010 at 9:59AM | By: Chris Weiss

Step Aside Jota: Lamborghini Aventador To Be The Next Flagship test 1-1

Well,cf file this under big, swooping curve ball: after months of seeing spy shots and rumors of the upcoming Lamborghini Jota, the car that will replace the Murcielago at the top of Lamborghini's line, a new spate of rumors indicates we may never see the Jota at all. What we've come to know as Jota may go by the name Aventador.

Investors Underestimate Growth of Auto Industry

On: Mon, Nov 15, 2010 at 5:03PM | By: Sherry Christiansen

Investors Underestimate Growth of Auto Industry  test 1-1

Bill Ford, Chairman of Ford Motor Co., reported that he feels investors are not cognizant of the facts surrounding the financial potential of today's auto industry for both domestic and export sales, including China and India. "When people think growth, they think of the Brazil, India, China, Turkey, places like that—which is all true, and we're participating a lot there," according to Ford in an interview  with Reuters. "But we actually think the U.S. is a growth market for us."