GM considering cutting jobs and selling brands

Update: GM spokesman denied the automaker is reviewing any more brands besides Hummer for sale.GM sales are down 16.3 percent so far this year and it announced last month that it will be closing...

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VW Tiguan knocks out Toyota RAV4 as Europe’s favorite SUV

Even though buyers of the new Volkswagen Tiguan may have to drive a Golf until their Tiguan arrives in January 2009, the new Tiguan has generated enough buzz and interest replacing the Toyota RAV4 as...

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VW’s 238mpg 1-liter Car to see limited-edition production

It’s been almost 6 years since Volkswagen launched the 1-Liter Car Concept, a car capable of returning a fuel-economy of 238mpg. According to CAR, Volkswagen executives have approved a...

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GM may cut next-generation GMC Acadia and SUT program

It’s too early to say whether or not GMC, a brand based on SUVs and trucks, will soon see future like HUMMER, but according to the insiders of GM news, GM is cutting two product programs. On...

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Mercedes to build BMW X1 rival and baby coupe at Hungary plant

Daimler AG announced today that they have chosen Kecskemet, Hungary, for its new plant that will focus on building entry-level Mercedes-Benz cars. Mercedes-Benz plans on increasing its entry-level...

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President-Elect Obama: No Blank Check For Automakers [Carpocalypse Now]

One of the first questions President-Elect Obama received at a major economic press conference held today related to the auto industry and, after stock comment about the importance of the industry and the responsibility of the government to assure it doesn't vanish, Obama makes the point they can't simply write a "blank check" to an industry so historically "resistant to change." Obama essentially echoes the Congressional Dem's request for a not-awful plan and expresses disappointment with the no-so-Big Three for putting on a bad show in their testimony, which wasn't much better than the SNL sketch mocking it. Sadly, there was no mention of saving the shrinking auto journalism industry. [CNN]

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Nardelli: Chrysler to remain privately owned 3 years from now

Chrysler CEO Robert Nardelli said that he expects the company to still be privately owned three years from now and said that Cerberus was not second guessing their acquisition at all. Speaking at a...

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Porsche: We’ve always been a ‘Made in Germany’ product

Killing all speculation that Porsche may produce products in North America, the German automaker said it has no plans to produce any sports car in the U.S.“We’ve always said Porsche is a...

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Lewis Hamilton’s dad crashes his Porsche Carrera GT

While his son is out winning the Monaco Gran Prix and other F1 races around the world, Anthony Hamilton, father of Lewis Hamilton, is crashing his high-end supercars. Anthony Hamilton recently...

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Porsche to increase VW stake over 50% this year

Okay, so we did a little search on our website of all the latest posts we made on this whole Porsche increaseing its stake in Volkswagen topic. Last time we heard anything on this issue, Porsche was...

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GM's Mark LaNeve Drops Dealer Missive Begging Congress For Mercy, Serious Financial Help [Financiapocalypse]

Hot on the heels of yesterday's e-mail plea to employees from GM's Troy Clarke comes the following e-mail from GM's Mark LaNeve. The General's marketing maven e-mailed dealers asking for them to make calls to their members of Congress asking them to "Save GM" from the grips of the Financiapocalypse. Hey, we just noticed, how come neither GM exec is asking for GM fanboys to buy a t-shirt? How can they "Save GM" without a t-shirt? Hmm...at least buy a button.

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Ford cuts Volvo production, speculations of sale begin once again

It seems like people really want FoMoCo to get rid of Volvo. Even though Volvo’s Chairman, Lewis Booth, denied any rumors of the Swedish company being on the auction block, Volvo just...

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Nissan to mass-produce lithium-ion batteries next year

Nissan is going to start mass-producing lithium-ion batteries for LEVs next-year as it makes its major attempt to catch up in the green car segment. Planning an initial output of 13,000 units a year,...

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Solar-powered road studs increase night-time vision, coming to the US

A solar powered ’smart’ road-stud is making a significant contribution to road safety around the world. Astucia SolarLite ’smart’ solar-powered road studs invented in the UK...

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Ghosn: Nissan sees American partnership as an opportunity not an obligation

Carlos Ghosn, Nissan’s CEO thinks that the sluggish U.S. automotive market won’t recover until 2011“The U.S. is slumping in 2008,” Ghosn said today at a conference in...

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Mulally’s compensation higher than Wagoner’s for 2007

GM yesterday announced a pay increase for its top executives returning CEO Rick Wagoner’s base salary back to its 2003-2006 level. GM listed Wagoner’s 2008 base salary as $2.2 million up...

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eGMCarTech is upgrading and updating

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