The Latest News And Reviews
Throughout The Car Industry
The Lamborghini Murcielago has had a strong nine years at the top of the Lamborghini food chain, top of most car food chains to be truthful. The successor to the Countach and Diablo is treading on becoming the last-generation Lambo flagship with the launch of the Jota getting palpably close. Such an icon doesn't fade quietly into the night, though; it goes out with a celebration of its life. Last week, Lamborghini had just that celebration, holding an event to commemorate the Murcielago and bid it farewell.
Posted In: Car News, Reports, Exotics
Tags: Lamborghini, Murcielago, Jota, Lambo, supercars,
Tesla has been shaking up the auto market ever since its founding. A small firm with big ambitions that has gone where the inflexible, big-name automakers can't quite effectively navigate, Tesla has made plenty of headlines for its all-out performance electric Roadster.
Tesla's innovation won't stop at the production lines, as recent news reports detail. The company plans to create a unique retail experience that breaks the mold of the traditional auto dealership. Instead, Tesla will channel its electric roots and model its dealerships after the consumer electronics industry.
Posted In: Car News, Reports
Tags: Tesla, business, retail, dealerships, electric, EV, Apple
BMW's Megacity Vehicle will be the company's first battery-powered vehicle and BMW plans to market the car under a sub-brand. The German automaker recently reported its plans to invest $751 million in a new carbon fiber production plant in the U.S. that will build its Megacity electric-powered urban car. The new BMW factory is projected to create over 1,000 jobs, according to the company. The investment will also fund a $400 million expansion project for BMW’s Leipzig, Germany automotive plant. BMW plans to create 800 jobs at the eastern German site as it adds production of the Megacity Vehicle. The Leipzig factory currently assembles BMW's 1-series entry-premium car and X1 small crossover, and produces as many as 730 vehicles daily.
Posted In: Car News, Hybrid / Green, Miscellaneous, Reports
Tags: BMW, Megacity Vehicle, BMW 1 Series, Leipzig Factory, Carbon Fiber, Norbert Reithofer, Daimer, Klaus Draeger
Back when I was in junior high, a friend told me a random rumor about a Lamborghini (Diablo, I believe) that was blacked out to the point that driven at high speeds it could roll down the highway virtually undetected by the police and other motorists. The car was driven for the purpose of smuggling drugs and the route was somewhere in the flat desert of the American southwest, if memory serves.
For a while, I took this random story from a buddy as fact, as young kids so often do. When I got old enough to actually question the veracity of the unlikely story, it began smelling like a big, stinking urban legend. Even if a car could be that dark and that fast, wouldn't you hear its giant, grumbling V12 engine and hyper-rotating tires from half a mile away? Oh yeah, and the headlights were off too—always feasible when you're driving at 200 mph in the middle of the night.
I did a quick search before writing this article and found mostly forum debates on this very topic, many supporting the fact that it was a fun but fictional tale. Here's the best break-down I came across. Had the tale been real, and had it taken place in 2010 rather than the 90s, the protagonist would be behind the wheel of the new Murcielago Yeniceri Edition by tuning firm Unicate—the blackest Lambo I've ever seen.
It seems good fortune is shing on all three of the established US automakers with Chrysler announcing a $239 million operating profit for the third quarter. On the heels of GM and Ford announcements espousing essentially the same good news, Chrysler is bringing in more revenue through an improved product line up as well as higher average transaction prices. Chrysler is currently in the process of releasing 16 new or drastically improved models, which should translate to even more success.
Posting a net loss of $84 million, the Pentastar brand is seeing a turnaround in operating costs as well. Down from the $172 million net loss of a quarter ago, this represents Chrysler's smallest quarterly loss since its government-subsidised bankruptcy 17 months ago. This all translates into positive cash flow for Chrysler; the company expects to turn $500 million in positive cash this year. The original company forecast predicted a billion dollar loss for 2010. Not bad!
Posted In: Car News, Miscellaneous, Reports
Tags: Chrysler, Chrysler Corporation, chryslercorporation, Dodge, Dodge Charger, Fiat, dodgecharger, Sergio Marchionne, sergiomarchionne
General Motors has finally announced its long awaited public offering of stock which the company is hoping will yield $13 billion. GM will issue 356 million shares of common stock priced between $26 and $29 per share. An additional 50 million shares of B-series preferred stock will be sold at $50 per share. General Motors Co. had a disagreement with its government owners regarding the price of the automaker’s IPO before both entities settled on a range between $26 and $29 a share, according to undisclosed sources who stated they were familiar with the matter.
The U.S. Treasury was seeking a split-adjusted price of $30 per share, which was referred to as the “Obama number” by officials in the administration. That was the price the government would be able to recover all the money spent on GM’s bailout under President George W Bush and President Barack Obama. The Canadian government (also shareholders) has been pushing for stock prices in the $30s to maximize return as well.
Posted In: Car News, Miscellaneous, Reports
Tags: General Motors, GM IPO, New York Stock Exchange, newyorkstockexchange, Maryann Keller, Morgan Stanley and J.P. Morgan
The owner of RK Collection and co-owner of Michael Waltrip Racing, Rob Kauffman, has teamed up with Toyota Racing development to produce a street-legal, NASCAR-inspired high-performance Camry.
Among many new concepts unvieled at SEMA last week, one of the most interesting cars is the Toyota NASCAR Camry V8 Coupe. The SEMA Show is the premier automotive specialty products trade event in the world. The SEMA show is not open to the public, It draws the industry’s brightest minds and hottest products to the Las Vegas Convention Center. As part of the AAIW, the SEMA Show attracts more than 100,000 industry leaders from more than 100 countries. The Camry at this year’s SEMA was not your ordinary sedan by any means; the special two-door Toyota Camry NASCAR Edition was produced by RKC in collaboration with Toyota Racing Development (TRD).
Posted In: Car News, Concept Cars, Racing, Aftermarket
Tags: SEMA, Toyota NASCAR, Toyota Camry Coupe, Rob Kauffman, RK Collection, Toyota Racing Development Division, Pheonix International Raceway
The Fisker Karma and Tesla Roadster may just be getting a little competition from over the pond. Lightning, a U.K.-based auto firm, is entering a late prototype phase on its GT, an all-electric sports coupe that it originally launched at the British Motor Show in 2008. A sexy coupe about the size of an Aston DB9, the Lightning GT is the latest to deliver on the promise of sporty performance and green build.
Posted In: Hybrid / Green
Tags: electric, EV, Lightning, sports cars, Lightning GT, British
News of the loss of the RX-8 earlier this year had to be a hard-hitter for rotary fans. I mean, what else do you have really? That news hit hard when it was reported that Mazda is planning on phasing the RX-8 out after its rotary engine failed to meet environmental standards. 2011 is expected to be the last model year for the RX-8.
That news, however, was from a few months ago. Today, we have better news. The latest word is that Mazda is well into the development process behind a new rotary engine. This one will be both more eco-friendly and more powerful. And it will be dropped in a new sports coupe tentatively called the RX-9.
Posted In: Car News, Reports
Tags: Mazda, RX-9, rotary, new cars, reports, rumors
The Paris Motor Show came and went. It left quite an impression. But if there was one little thing missing it was the Lamborghini Jota. Originally thought to be Lamborghini's big trick for the Paris show, the Jota didn't make it on stage with the Sesto Elemento. Yes, the Sesto was impressive. It was ultralight and super hot in a minimalistic, function-over-form way. But it wasn't real. It was but a proof of concept. And having heard a rumor about both the Jota and Sesto debuting together at Paris, there was a little disappointment about not seeing the Jota.
Well, according to new rumors out of a secret prototype showing in Singapore it will only be a couple months. The car will debut in Geneva, and to keep us hungry, a few key specs have leaked.
Posted In: Auto Shows, Car News
Tags: Lamborghini, supercar, new cars, Jota, Lambo, leaks, reports
Back in September we came across dontblogabouthis.com, a URL purchased by everyone's favorite Bavarian car company, BMW. The website was populated with weird posts regarding what appeared to be a BMW 6 Series coupe. Some things didn't add up. The car has a single exhaust pipe and really skinny tires. The body work was of course ill-fitting and featured enormous fender flares. Strange, to say the least.
BMW did want us to blogaboutthat, and they placed two eerily vague videos featuring this . . . whateveritis car zipping in and out of focus, though never actually being in focus. We were intrigued, naturally. BMW has produced some extremely interesting concept cars in the last few, post-Bangle years, though their actual cars have gotten pudgy and staid. I didn't like the goofy trunklid that came with Bangle-butt; I don't like a 5-Series riding on a 7-Series platform either.
So, now it is official, the mystery coupe is, in fact, a production varient of the Vision Efficient Dynamics concept. This car is a looker for sure, but it also brings some interesting techno-zaniness to the Fisker luncheon. Prius-pounding economy? Check. WRX-whipping acceleration? Check. Doors that out-SLS the SLS? Check. Dueling hybrid powertrains, plug-in capability, and full electric operation? Check, check, and Check.
Posted In: Concept Cars, Hybrid / Green, Videos
Tags: BMW, Efficient Dynamics, efficientdynamics, Vision Efficient Dynamics, visionsefficientdynamics, VED, BMW VED, bmwved