Industry
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Saab filed for bankruptcy just yesterday, and already the fallout is hitting owners: all warranties on new cars sold or leased are suspended, as are all claims currently in process on already-owned Saabs. The report, by way of Detroit News, cites Saab North America representative Michele Tinson, who advises warranties on new cars are suspended indefinitely, meaning all Saabs still on dealer lots can only be sold as-is, without any factory protection against defects or breakdowns. The suspension of current claims also appears to be indefinite, but it's not yet clear if that will hold as well...
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Infiniti Moving More Production Outside JapanFollowing this month’s earlier report that Lexus was looking at building more cars in North America, a top Infiniti exec has now revealed that the rival Japanese premium auto brand is also looking at moving more production outside Japan. The reason once again is the strengthening yen, which...
Viknesh Vijayenthiran -
Saab Files For Bankruptcy: OfficialIt’s official. Saab, along with its Saab Powertrain and Saab Tools subsidiaries, has filed for bankruptcy with a Swedish court this morning. Following previous owner GM’s recommitment over the weekend to block any deal for the purchase of Saab, Chinese firm Youngman has finally thrown...
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Fisker Appoints Industry Veteran Tom LaSorda To Board Of DirectorsFisker Automotive has appointed automotive industry veteran and former Chrysler CEO Tom LaSorda to its Board of Directors
Kurt Ernst -
Worldwide Porsche Sales Up 25 Percent Year To DateThrough November, Porsche has sold 25 percent more vehicles than in the same time period last year.
Kurt Ernst -
Got What It Takes To Work At McLaren?Having just opened the doors of its brand new Production Center in Woking, England, McLaren is now geared for the launch of several new models and is on track to quadruple production from the 1,000 cars it's building now within the next couple of years. The only thing it needs now is a committed...
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With closest rivals BMW and Daimler forming industry alliances to help further the development of batteries and other electrical energy storage technologies for use in cars, it appears Audi too is getting in on the action, today announcing a new joint-research project of its own. Dubbed “eProduction”, the new project, which is being sponsored by the German Federal Ministry of Education and Research (BMBF), is aimed at generating expertise in the assembly of batteries for use in electric cars. “With eProduction we are taking the next important step on the road to electric...
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Last Minute Youngman Payment May Help Stave Off Saab BankruptcySaab miraculously managed to stave off bankruptcy yet again after receiving a last minute cash payment from Chinese investor Zhejian Youngman Lotus Automobile. The payment, believed to be around $5 million, will be used to cover immediate tax expenses, Swedish business daily Dagens Industri first...
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2012 Fiat 500 Gets Contradictory Safety RatingsThe 2012 Fiat 500 has received a "Top Safety Pick" from the IIHS, but only a three star rating under new NHTSA crash-testing guidelines.
Kurt Ernst -
BMW And GM To Form Hydrogen Fuel Cell Partnership?BMW has just announced that it will work more closely with Toyota to advance the development of lithium-ion battery technology for application in future cars. Now there’s word that BMW is also looking for a tie-up with General Motors in the area of hydrogen fuel cell technology. The word...
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GM And Teijin Working On Mass Produced Carbon Fiber For CarsOne of the most beneficial ways to improve the gas mileage of a car is to make it lighter, usually though the use of lighter construction materials. Not only will this save fuel but it has the potential to improve handling and braking performance as well. The only downside is that lighter materials...
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Porsche 911 Found To Have Fewest Defects Among Older CarsIn Germany, keeping your car on the road means it has to pass an exhaustive roadworthiness test conducted by the Technischer Überwachungsverein, or TÜV for short. The test is designed to spot defects or reliability issues in older cars, and is mandated on any vehicle three years or older...
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Ward's Auto has picked the 10 best engines of 2011, and common themes to most include advanced technology and forced induction.
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Lexus Considering U.S. ProductionWith the yen continuing to strengthen automakers are finding it increasingly difficult to build cars at a profit in Japan. The situation is becoming so dire that Lexus is considering building more cars outside of Japan, a move it has so far resisted due mainly to pride. Note, the automaker...
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GM Rejects Second Saab Deal, Administrator Seeking End To ReorganizationEarlier this week it was revealed that a mystery Chinese bank had stepped forward and offered to purchase a 50 percent stake in Saab, potentially saving the automaker from certain bankruptcy if the deal is approved. To be approved, the deal would have to prove favorable to a number of different...
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Aptera closes its doorsCalifornian green car startup Aptera promised a lot over the years but delivered nothing more than a handful of prototypes and a lot of broken dreams. Late last week the company announced that it was closing its doors for good, citing a lack of resources as the reason behind its decision. Aptera...
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Porsche Cayenne Diesel Coming To U.S. In Second Half Of 2012Porsche is in the process of launching its new 911, the seventh-generation of the iconic sports car, and in a few more months the convertible version will arrive. Reviews so far have been positive, so it comes as no surprise that the ‘991’ series Porsche 911 is a huge hit in European...
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Chinese Bank Looking To Buy Saab StakeJust when it seemed all hope of saving Saab from bankruptcy has failed, news of yet another potential Chinese savior has surfaced. This time it’s an unnamed Chinese bank that's interested in buying up a stake in Saab, with fellow Chinese firm Zhejiang Youngman Lotus Automobile also expected...
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The latest J.D Power Sales Satisfaction Index study reveals that Lexus has the most satisfied customers of any brand in the luxury segment.
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Consumer Reports: Sports Cars Are The Most Satisfying SegmentThe latest Consumer Reports satisfaction survey shows that buyers of sporty cars are happiest overall with their purchase decisions.
Kurt Ernst -
Lotus USA Snags Former CEO Of Ferrari North AmericaFormer Ferrari North America boss Maurizio Parlato has joined Lotus USA as it's new CEO.
Kurt Ernst -
BMW And Toyota To Collaborate On Green Tech, Share DieselsAs we reported just a few days ago, BMW and Toyota will be working more closely in the future over the development of green technology. This week at the 2011 Tokyo Motor Show the two auto giants signed a memorandum of understanding (MOU) concerning a mid-to-long-term collaboration on...
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More Details On GM's Next Generation Small Block V-8GM's Gen-V small block V-8 will be launched in the near future, and the new engine will be more powerful and more fuel efficient than the one it replaces.
Kurt Ernst -
BMW May Supply Toyota With Diesel Engines In Europe: ReportBMW and Toyota are in dialogue over sharing green technologies for the European market.
Kurt Ernst