The Latest News And Reviews
Throughout The Car Industry
Ford plans to invest in a higher stake in China's Jiangling Motors, which now makes up over 30% of Ford's China sales. The investment will give Ford more voting power on Jiangling's board to enable future growth in China's fast-growing light commercial vehicle segment.
Posted In: Car News, Miscellaneous, Reports
Tags: Ford Motor Company, Ford China, Jiangling Automotive Production, Chinese governor Wu Xinxiong, Chongquin Changan Automobile Company, Mazda
Mercedes has Don Draper. Lincoln followed suit with Roger Sterling. And now luxury competitor Cadillac has its own voice: Morpheus. Laurence Fishburne has signed on with GM's luxury brand and will be the official voice of the brand beginning next month.
Posted In: Car News, Reports, Miscellaneous
Tags: Cadillac, GM, advertising, commercials, Laurence Fishburne
It’s hard to imagine anyone growing up in America who hasn’t played the board game “Monopoly” at least once in their lives. The popularity of the game is based on the simple idea that it’s fun to imagine being a mogul. Players get to buy up railroads and electric companies, and put up fancy (plastic) hotels. In reality, there is an actual version of “Monopoly” unfolding every day in financial centers all over the world. The most recent shifting of the pieces came when the Toronto-Dominion Bank struck a deal to acquire the Chrysler Financial Corporation from Cerberus Capital Management. The price tag? $6.3 billion in cash, and that’s not funny money!
Posted In: Car News, Miscellaneous, Reports
Tags: Toronto Dominion, torontodominion, Chrysler, Colleen Johnston, colleenjohnston, Chrysler Financial Corporation, Cerberus Capital Management
Toyota has agreed to pay more fines in order to settle the law suits related to unintended acceleration cases, more specifically; not notifying safety regulators in a timely manner. Other Toyota safety-related lawsuits were settled this week as well.
The total fines that the Japanese automaker agreed to pay this week were over $32 million, which was the maximum penalty to settle federal safety investigations. Toyota previously paid an additional $16.4 million in federal fines which brings the grand total to $48.8 million in civil penalties. Each fine that Toyota paid equated to the highest ever paid by any automaker for safety-related issues.
Posted In: Car News, Recalls
Tags: Toyota Motor Company, Unintended Acceleration, unintendedacceleration, Federal Safety Investigations, Sticky Gas Pedals, Steve St. Angelo, Secretary Ray LaHood, Toyota Recalls
Okay, the Chevy Volt is getting to be like the annoying kid in your high school class. The one who was not only smart but also funny, good looking and athletic—the football captain/valedictorian type.
The Chevy has had serious green bragging rights from the word go, despite the mild controversy of whether it's truly a range-extending electric vehicle or a hybrid. It's recently been mopping the floor with the industry in terms of awards, with "Car of the Year" honors from Motor Trend and Green Car Journal, and a finalist spot for the North American Car of the Year, to be determined in Detroit next month. And then there was the whole auction first-sale, where instead of keeping the proceeds, the Chevy Volt selflessly gave that $250,000 to charity.
Puke-a-rific, right? Well, the Chevy Volt has decided it's not brown-nosing the environment quite enough. GM announced this week that it will be recycling plastics from the booms used to soak up the oil in 2010 'story of the year' candidate, the Gulf oil spill. Yeah, the Volt's even kicking some Gulf oil spill ass now.
Tags: Chevy, Volt, GM, recycling, green, gulf oil spill, news
Hybrid vehicles are an increasing segment of the vehicle market today. It seems highly likely that over the course of the next few years, fully electric vehicles and vehicles that run on natural gas may also make their way into the marketplace.
There needs to be a congruent method for accounting for the cost and usage of energy required to operate various types of hybrid vehicles. More specifically, a system needs to be in place to allow for easy comparisons, to decrease confusion, and allow consumers to make informed decisions.
Posted In: Car News, Hybrid / Green, Reports, Technology
Tags: Hybrids, Electric Vehicles, electricvehicles, MPGE, Tiffany Hsu, Los Angeles Times, Federal Trade Commission, EPA
During Lotus' unprecedented new model/concept barrage at the Paris Motor Show earlier this year, it was easy to get swept away by its new future of powerful, sporty all-out performers. Cars like the new Esprit and Elan really helped Lotus make a point about its next generation of vehicles.
However, there was one little black sheep that didn't quite fit in. Like the "sentence that doesn't belong" on your 4th grade reading comprehension test, this particular concept was an obvious sore thumb that didn't really look natural with the rest of the Paris family. That concept was the City Car, a small, blocky little urban commuter. While that concept shared the slick, narrow headlights of other Lotus concepts, it definitely was in a category all its own.
Well, we've yet to hear confirmation on all our Lotus favorites, but the City Car is officially go, as reported by Car magazine.
Posted In: Car News, Exotics
Tags: Lotus, city car, urban, commuter, ProtronDuring
Chrysler really doesn't like using auto shows anymore, does it? Even when said auto show is less than a month away and is right in their own backyard. After teasing the all-new 2011 Chrysler 300 earlier this month, Chrysler has done a full Internet reveal, something that it's getting quite adept a, what with the 2011 Dodge Durango and 2011 Chrysler 200 (formerly the Sebring) also unveiled on the Web this year. The 300 is a markedly distinguished but equally executive flagship from the last-gen 300.
Posted In: Auto Shows, Car News
Tags: Chrysler, 300, pictures, debuts, updates, Detroit Auto Show, Unveiled
Whenever a new movie premieres, Hollywood pulls out all the stops to let the world know all about it. There is the traditional red carpet line where the stars and filmmakers greet the press and fans. It doesn’t matter if the movie turns out to be a hit or not, this first introduction tells everyone there is something special going on and attention must be paid.
Posted In: Auto Shows
Tags: Detroit Auto Show, North American International Auto Show, Chrysler, Ford Escape, fordescape, Porsche AG, Toyota Prius MPV, BYD Corporatoin, bydcorporation
As you probably already know, the 2011 North American International Auto Show is drawing very near. The show gets underway for its press preview on January 10 and 11, and opens to the public on January 15. Between that and the fact that the year is coming to a close, one has to wonder: what is the official car of the year? Well, that answer is a little closer because the finalists for the North American Car of the Year, to be awarded at the NAIAS, were selected last week. Also selected were their truck counterparts.
Posted In: Auto Shows
Tags: awards, North American car of the year, 2010 Detroit Auto Show, North American Truck of the Year, Nissan Leaf, Chevy Volt, Honda Sonata
For months we've been reporting on the performance capabilities of the new Lamborghini flagship. For a while we weren't even sure what it would be called--if we're being perfectly honest, we're still not, but good authority says it's going to be Aventador LP700-4--but we were pretty confident that the car would be a 700-hp beast of a Lambo capable of breaking the 3-second-to-62 mph and 217 mph top speed marks. And now we have a little more authority on some of those numbers: a leaked dealer order guide gives fills in some official details of the Aventador.
Posted In: Car News, Reports, Exotics
Tags: Lamborghini, Aventador, LP700-4, Lambo, leaks, details, supercars