Industry

  • Mitsubishi Lancer Evolution X

    It might sound like a response to a question no one was asking, but Mitsubishi Motors CEO Osamu Masuko says he's not even thinking about leaving the U.S. market. Mitsubishi, like many other carmakers, has struggle over the past decade, but Masuko says the U.S. will remain at the core of Mitsubishi's plan for the foreseeable future. Mitsubishi's U.S. sales have declined steadily since 2002, now sitting at roughly on seventh their peak of over 354,000 vehicles. Part of the problem is a lackluster lineup headlined by a car that many want but few can afford: the Lancer Evolution, our favorite car...

  • 2011 BMW 5-Series (Euro spec)
    BMW Reports $1.1 Billion Profit For The Second Quarter Of 2010

    Just days after Audi announced that it had posted a record $1.7 billion profit for the first half of 2010, BMW has gone one better and revealed that its own profit has risen more than sixfold, ending the second quarter of the year at $1.1 billion. The results are on the back of significantly...

  • 2010 Cadillac Escalade EXT AWD 4-door Base Angular Front Exterior View
    Cadillac Escalade Once Again Tops America’s Most Stolen Vehicle List

    The Cadillac Escalade is undoubtedly popular with a wide range of people, but especially so with car thieves, who made the luxury SUV and pickup their number one choice for stealing this year. Meanwhile, the Volvo S80 sedan was the least popular with thieves and was 14 times less likely to be...

  • 2009 lincoln c concept 006
    Lincoln Lineup Will Grow, Smaller Models Planned

    Without the deadweight that was Mercury dragging it down, Ford’s premium division, which now only consists of Lincoln, finally has the resources and freedom to transform into the upmarket luxury brand it should have always been. This means that we’ll likely be seeing Lincoln expand into new...

  • 2011 Volvo S60
    Ford completes sale of Volvo to Geely

    It’s official. Ford (NYSE: F) has announced today that it has completed the sale of Volvo and its related assets to the Zhejiang Geely Holding Group Company Limited (Geely). The total purchase price for Volvo and the assets set forth in an agreement signed back in March was $1.8 billion...

  • 2011 Audi A8 L W-12 quattro
    Audi Posts Record $1.7 Billion Profit For First Half Of 2010

    At a time when most automakers are struggling to make sales, and others are suffering from a spate of safety and quality recalls, Audi has managed to post a record profit and its best ever sales figures. Audi managed to increase its revenue by 21 percent in the first six months of the current...

  • Alfa Romeo 2uettottanta Concept By Pininfarina

    Fans of Italian styling are anxiously awaiting Fiat and Alfa Romeo's return to the U.S. now that the alliance deal between the Italian auto giant and Chrysler is in full swing. However, while Fiat is confirmed to be here at the end of this year with its 500 minicar, the more premium Alfa Romeo brand (not including the exclusive 8C Competizione supercar) won’t arrive until 2012. What new models Alfa Romeo has planned is still up in the air but today we have a few more details, including word from Fiat CEO Sergio Marchionne that Alfa Romeo will return to the U.S. with a full model lineup. The...

  • 2010 Porsche Panamera 4
    2010 J.D. Power APEAL Study Puts Porsche On Top, But Domestics Beat Imports

    The 2010 study measures automotive performance, execution, and layout.

  • 2011 Porsche Cayenne V6
    Matthias Mueller Appointed CEO Of Porsche

    It was only a year ago that Michael Macht replaced the ousted Wendelin Wiedeking as Porsche CEO but already there has been another switch of the top job at the famous sports car manufacturer. The role of Porsche CEO will now be played by Matthias Mueller, the former car-model chief strategist for...

  • Bob Lutz at 2008 NAIAS
    Report: Lotus Looking To Hire Bob Lutz And Tom Purves

    It didn’t take long for the Bob Lutz name to make the automotive headlines again, following his very public retirement from General Motors just two months ago. The latest word is that Lutz, together with former BMW exec Tom Purves, will be hired by Lotus to help advise on the niche automaker’s...

  • 2011 Porsche Panamera 4
    Domestics Beat Imports In 2010 J.D. Power Initial Quality Study, Porsche Still On Top

    For the first time in the 24 years that the J.D. Power and Associates Initial Quality Study has been conducted, the domestic brands have managed to surpass the imports. Led by new entries from Ford and General Motors, domestic brands, as a whole, have done better but four out of the five top...

  • SAIC YeZ Concept
    Negative-Emissions Vehicle Concept From China's SAIC: A Plant On Wheels!

    There is a major difference between cars and plants, and it's the driving factor behind the "green" trends in the automotive industry today. By nature, plants absorb carbon dioxide from the atomsphere, and release oxygen. This is good. This is how the ecosystem is supposed to work. Plants like...

  • One millionth BMW X5 built at Spartanburg plant

    Originally launched for the 2000 model year in late 1999, the BMW X5 helped change the SUV segment by showing that the driving dynamics, responsiveness, and handling of a car could be compatible with the utility, versatility, and off-road capability of an SUV. BMW has now reached a major milestone this week at its plant in Spartanburg, South Carolina concerning its X5 SUV. The automaker has announced that it has produced the one millionth X5 at the plant, an effort that took more than a decade. The particular model was a Black Sapphire 2011 BMW X5 xDrive 35i fitted with a Cinnamon Brown...

  • Spyker C8 Aileron Spyder
    Spyker Will Sell Exotic Sports Cars In Saab Dealerships

    The long-winded story of Saab's sale finally came to a close this year, with the brand born from jets adding a propeller to the mix in the form of Dutch sports car company Spyker, which reached a deal to purchase the struggling Swedish automaker from GM. With Saab now in the relatively safe hands...

  • Dodge Logo
    Dodge Redesigns Logo To Promote Youthfulness, Performance

    Chrysler’s decision last year to separate its Dodge car and truck models into the respective Dodge Car and new Dodge Ram brands meant that the two separate divisions henceforth could focus more directly on their best attributes. By splitting the Dodge Ram brand off, it allowed that division to...

  • Jaguar Logo
    New Sports Car, 3-Series Rival And Chinese Plant In The Pipeline For Jaguar

    Jaguar's XF and new 2010 XJ sedans have made waves in the sport-luxury seas, bringing a newer, fresher face to what was once a bit of a stodgy lineup. Now it looks like Jaguar may be planning even more boat-rocking, with several new models in the pipeline including a sports car, a BMW 3-Series...

  • Parking lot
    Warning: Not All Car Thieves Are As Inept As This Guy

    Although some car thieves are seemingly unstoppable pros, the vast majority are bungling opportunists just looking for an easy target for the chop shop or, easier yet, the pawn shop.

  • Volkswagen Golf Mk1
    Official: Volkswagen Buys 90.1 Percent Stake In Italdesign Giugiaro

    Italdesign-Giugiaro, based in Turin, is one of the most legendary automotive design houses in Italy and the company behind such icons as the original Volkswagen Golf, Audi 80, Lancia Delta and even the Hyundai Pony. The design house has had close links with Volkswagen since its founding back in...

  • Tesla Model S Sedan

    Electric vehicles are popularly perceived as the front-runner of the alternate fuel competition, but successfully developing EVs has proven to be a difficult and expensive task. To help share the burden and the expertise necessary to get an electric car to market, Japanese auto giant Toyota and Tesla, builder of the high-performance Roadster EV, have announced a new strategic alliance. The two have announced that they intend to cooperate on the development of electric vehicles, parts, and production system and engineering support. They intend to form a team of specialists to further those...

  • 2010 Mercedes-Benz E-Class Estate
    Mercedes-Benz Customers Can Now Be Covered For Paint And Interior Damage

    Don’t you hate it when one of the kids spills soft drink and stains--often permanently--your expensive leather seats, or worse still, when a moment of carelessness on your part leaves an ugly scrape on your bumper at the local shopping center car park. Mercedes-Benz customers need no longer worry...

  • 2010 Saab 9-5
    Report: SAAB Could Break Even With Just 80,000 Sales

    Saab has had one of the most turbulent recent histories in the auto industry, being bought up by GM, then almost sold to a Chinese automaker and finally ending up in the hands of Spyker--all while losing hundreds of millions of dollars each year. Saab’s latest owner is Spyker, a niche sports car...

  • Chrysler-badged Lancia
    Marchionne: Fiat-Based Chryslers On Sale Before 2012, IPO Possible

    While it’s looking more and more likely that the first Alfa Romeos won’t go on sale in the U.S. until 2012, a new range of Chrysler models based on Fiat platforms could be on sale before then. Chrysler is planning to use Fiat’s compact car...

  • Entry-level Porsche Roadster rendering
    Porsche And Volkswagen Considering More Platform Sharing

    Porsche and Volkswagen currently share a platform for their respective SUV models, the Cayenne and Touareg, both of which have been redesigned for the 2011 model year. Given the relative success of the two models, plus Volkswagen’s new ownership of Porsche, both automakers are now considering...

  • 2011 BMW 5-Series Long Wheelbase
    BrandZ Top 100 Survey Rates BMW As World’s Most Valuable Automaker

    Brand value can be a fickle thing. It’s impossible to measure accurately and it can be affected by numerous volatile factors, but at the end of the day if a consumer is willing to pay more for one brand over another then brand value becomes a vital indicator of a company’s overall...

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