Industry

Swedish media are reporting today that Steve Mattin, Volvo's design director, is leaving the company. The departure marks the end of a four-year tenure during which time Mattin was responsible for designs including the 2010 XC60 and the highly controversial S60 Concept shown a this year's Detroit...

You might disagree with his methods, but you can't deny President Obama's determination to improve the U.S. car industry's situation and to remedy the nation's current energy policy. Part of both plans is a rise in the fuel economy requirements to 27.3mpg fleet-wide by 2011. It's actually a step...

Porsche has managed to refinance an existing loan to source an additional $13.6 billion, securing the company's ability to takeover German auto giant Volkswagen AG. Currently, Porsche already holds over 50% of VW's stock but intends to eventually increase this stake to 75%. The original loan was an...

No one really knows what to make of the auto market right now, least of all the industry itself. Fiat is forecasting blue skies, GM is on the brink of failing to meet a restructuring deadline, and Ford is still chartering private jets - but President Obama and the task force on the industry are...

For some time now the American environmental movement, especially in regards to CO2 emissions from cars, has been held back by state-specific legislation that makes it difficult to demand uniform change across the nation. A new proposal from the Environmental Protection Agency (EPA), however...

Chrysler might seem like the ugly girl at the dance right now, but Fiat wants to partner up for the long haul, and it thinks it has made a strong case to be allowed to do it. While the company leaves the decision up to President Obama's Task Force on the Auto Industry, Marchionne has turned his...

In the highly reflexive world of modern markets, forecasts are often self-fulfilling, and that's just more reason to fear the word coming out of Tokyo today. The Japan Automobile Manufacturers Association (JAMA) is predicting the worst sales in 32 years for 2009, and already Toyota and Honda have...

The Japan Automobile Manufacturers' Association (JAMA) has decided not to cancel this year’s Tokyo Motor Show, despite most of the world’s automakers pulling out of the event. Skipping the show this year will be the Detroit 3, as well as automakers from Germany, France, Sweden, and...

Crash testing brand-new vehicles may rub the Puritan ethic the wrong way, but it's the only sure way to find out just what a car is capable of in terms of protecting its occupants. Today a new round of testing by the IIHS reveals how the first batch of small SUVs holds up under new roof-strength...

The saga between BMW and Daimler forming a strategic alliance dates back more than two years. To this day, nothing major has materialized except a deal over procurement and purchasing of common components, but there was hope that a resolution would be found after the surfacing of reports that the...

Incentives, incentives, incentives. That's the name of the game at all of the major carmakers these days, and in many cases, it's paying off. Take the Pontiac G8 for example: despite a market that's off over 40%, the G8 sedan saw its best sales ever last month - over double the number sold in...

Following the announcement of the proposed alliance between Fiat and Chrysler in January, the question on everybody’s lips was which European top-sellers were finally going to come to North America. Stylish compact cars like the Fiat 500 and Bravo were suddenly a very real possibility for...

American carmakers aren’t the only ones in need of serious cash. Daimler AG was also in need of a quick injection of funds, but unlike its American counterparts the German auto giant has a number of investment groups lining up to acquire its shares. Top of the list is UAE’s Aabar...

If asked whether General Motors or Chrysler were in a better financial position, many of us would conclude that GM looks better. However, Chrysler's chief financial officer Ron Kolka has come out boasting that Chrysler, "on a pure-business basis," is more viable. The reasoning behind the claims is...

Calling the U.S. federal government's expenditures under the end of President Bush's tenure and the beginning of President Obama's a 'spending spree' is to beggar the term understatement. But in many instances, there hasn't been a valid alternative aside from letting parts of the economy wither and...

The American car industry as a whole may be under fire for its current situation, but there's always a bright side. Like Arkansans are fond of saying, "thank God for Mississippi" when it comes to state-by-state rankings, Detroit no doubt finds similar relief in the misadventures of Chinese...

The United Auto Workers (UAW) is one of America's most important unions, and the results of its dissatisfaction have been felt as recently as last year when a strike at American Axle left GM customers without cars for months in certain cases. Now, the UAW's ringleader, Ron Gettelfinger, has...

Earlier this week Chrysler CEO Bob Nardelli mentioned how the proposed $10 billion deal with Fiat could be just what the company needs to bring it back from the brink of bankruptcy. While Chrysler would be gaining Fiat's vast global distribution network, as well as new technology to boost...

Tesla's first all-original car, the upcoming Model S plug-in hybrid sedan, is due to be unveiled to the public in just a week’s time but the company has already released a couple of teaser shots - one showing the undercarriage and another showing the new glasshouse. In the lead up to the...

The British International Motor Show (BIMS) is one of the oldest events of its type in the world, with the first show taking place at London’s Crystal Palace all the way back in 1903. Unfortunately, even an event as established as the BIMS has fallen prey to the global economic, with...