Industry
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Earlier this week Fiat boss Sergio Marchionne revealed his desire to partner with an American carmaker over a deal to build Alfa Romeos in the U.S., but according to latest reports BMW could be the carmaker Fiat signs up with. Alfa Romeo has been planning its 2009 North American relaunch for years but the recent weakening in the U.S. dollar against the euro has thrown a spanner in the works. The best solution is to start manufacturing cars locally but Alfa Romeo will need help. Although teaming with one of the Detroit 3 carmakers seems like a logical solution, Italian financial newspaper MF...
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GM powering its cars with Chinese enginesThe fledgling Chinese auto industry has been embroiled in scandals of stealing designs and producing poor quality cars but despite this one major carmaker has already been selling vehicles in the U.S. with engines sourced from China. The truth of the matter is Americans may already have a Chinese...
Viknesh Vijayenthiran -
California easing zero-emissions mandate for carmakersCalifornia may be well known for its stance against pollution when it comes to legislating on emissions rules, but environmentalists have become incensed about the state’s increasingly lax attitude towards reducing pollution through regulation of new zero-emissions vehicles. In 1990...
Siddarth Raja -
Official: Ford sells Jaguar & Land Rover to Tata for $2.3bAfter months of speculation, leaked information and hearsay, Ford has finally confirmed it will sell its Jaguar and Land Rover operations to India’s Tata. The sale is expected to close by the end of the next quarter and still requires approval from several European regulatory bodies, but...
Alex Kaufmann -
Fiat still interested in Jaguar and Land Rover technologyWith the sale of Jaguar and Land Rover to India’s Tata Group expected to be announced within days, Italian giant Fiat may finally gain access to premium RWD and AWD technologies it’s always dreamt of. Fiat was one of the first carmakers rumored to be interested in buying Jaguar and Land...
James Martinez -
Porsche may use VW stake to avoid emissions rulesPorsche has a major challenge on its hands in the form of strict new fuel-economy and emissions regulations set to roll in across the U.S. and Europe in coming years. Carmakers are being forced to improve their average fleet-wide mileage and carbon emissions levels and for a niche brand like...
Kenneth Hall -
The worsening exchange rate differential between the strengthening euro and weakening U.S. dollar means importing European manufactured models to North America is now significantly more expensive than just a few years ago. It’s a problem Alfa Romeo has to juggle with as it attempts to re-establish itself in the U.S. next year, but it looks like the carmaker has a number of options up its sleeve to help ride out the storm. One option officials are looking at is building a new plant in Mexico to supply North America with volume models like the 159 sedan and upcoming Mi.To and 149...
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Chrysler needs only half of its SUVsNow that Chrysler is in private hands the tough decisions are coming hard and fast. Last year we saw officials axe cars like the PT Cruiser convertible, Pacifica, Crossfire and Dodge Magnum, and now there are reports that even more models will be dropped from the current lineup. Earlier this month...
Ralph Hanson -
Sirius-XM merger approved by DOJThe U.S. Department of Justice (DOJ) approved the merger of satellite radio providers Sirius and XM. The merger has been in the works since last February, and now that the government's antitrust division has given the all-clear, the final hurdle is the FCC. Initial rumors about the deal popped up...
Nelson Ireson -
Mileage number one priority for consumersCar buyers are faced with a number of vehicle attributes at purchase time, including styling, performance, safety and quality just to name a few of the popular ones. However, the one attribute considered above all else by consumers according to a new study conducted by America’s AAA is a...
Ralph Hanson -
Most expensive states for car ownershipThere’s nothing surprising about the fact that the actual cost of owning car, basic taxes and insurance costs that everybody has to pay, can vary across all 50 U.S. states. What comes as a bit surprise is that this variance can top roughly $10,000 between some states over a five year period...
Viknesh Vijayenthiran -
Chrysler working on in-car InternetWorking and thinking like a small company is how Chrysler hopes to weather the current economic storm. We told you just last week about Chrysler's plan to implement new technologies and product updates on-demand rather than waiting for product refresh cycles, and now it looks like one of the first...
Nelson Ireson -
Update: Almost two years after the Cougar Ace carrier tipped over off the coast of Alaska, damaging 4,703 brand new Mazdas, management have finally decided to scrap all the cars. The Associated Press reports that officials were planning to salvage as many vehicles as they could but rust caused by the salty sea air made the cars unsellable. Original: You may remember a report that a cargo ship carrying almost five thousand US and Canada bound Mazdas on board had keeled over. Now Mazda has announced that none of the cars will be sold as new and will instead be sold through the used cars market...
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Kelley Blue Book 2008 Brand Image AwardsInfluential auto resource Kelley Blue Book (KBB) and its marketing research team have compiled a list of vehicles based its consumer perception data. Researchers look at carmaker’s achievements in creating and maintaining brand attributes that consumers look for when buying a new car, and is...
Ralph Hanson -
Chrysler expects to be profitable within 3 yearsWith Chrysler’s new owners Cerberus Capital Management making the hard and fast decisions, the carmaker is now on track to return to profitability. Even with the worsening U.S. economy and fluctuating exchange rates and commodity prices, CEO Bob Nardelli is confident Chrysler will be...
Viknesh Vijayenthiran -
Carmakers forced to raise pricesWe could be in store for a sharp rise in vehicle prices as carmakers are forced to deal with unfavorable exchange rates, rising raw material prices and new fuel-economy and emissions regulations. These factors are increasing cost pressures on carmakers and it appears the burden will likely be...
Alex Kaufmann -
Jaguar and Land Rover money to fund future FordsReports came out this week claiming Tata has raised more than $3 billion to fund its takeover of Jaguar and Land Rover, and two-thirds of this is earmarked to go directly into Ford’s coffers. It would be simple for Ford to use this money to pay off some of its debts but according to CEO Alan...
Siddarth Raja -
Jean Todt replaced by Felisa as Ferrari CEOHaving already stepped down as F1 boss, Jean Todt today announced his resignation as Ferrari CEO. Todt's replacement will be Amedeo Felisa, the current General Manager. The announcement comes just days before the start of practice sessions for this weekend's Grand Prix of Malaysia. Todt explained...
Nelson Ireson -
Carmakers go to great lengths to ensure their pre-production prototypes are protected from the prying eyes of spy photographers. Most of us assume developers simply place black tape randomly over the car, but according to Opel the process of camouflaging the car starts as soon as it progresses beyond computer simulations and clay models. Developers create a ‘facelift’ for the car designed to confuse the world’s media into thinking what they are seeing is the actual final shape. For the upcoming Insignia (pictured), Opel’s engineers adding a fake rear spoiler, plastic...
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Struggling Bertone Could Be Sold To Indian FirmAnother legendary marque could be sold off to an Indian firm with news coming out today claiming Mahindra & Mahindra (M&M) is one of a number of firms interested in purchasing Italy’s Bertone. The famed coachbuilder and design house has been placed under administration and officials...
Viknesh Vijayenthiran -
VW CEO claims no market for 'world cars'As car buyers around the world become savvier, carmakers can no longer afford to build a single car for the entire globe. At the two extremes, a customer in a Western country wouldn’t seek the same specifications and features that someone in an emerging market would even though they could be...
Viknesh Vijayenthiran -
Chrysler plans two-week global shut-downWorries over Chrysler's existence beyond the next handful of years have gone from whispers to open conversation in recent months, and the decision to shutter its entire operation for two weeks at mid-year will no doubt spur even more speculation. Chrysler is couching the shut-down as a way to...
Nelson Ireson -
Report: Diesel fumes stress your brainDiesel fueled cars are already associated with the negative image of heavy trucks clogging the air with their dark and sooty exhaust plumes, and a new study only goes further to damage it's reputation. Dutch scientists have found that breathing diesel exhaust fumes can trigger a response in the...
Ralph Hanson -
VW unveils 10-year plansVolkswagen has unveiled its plans for the coming years, including the lofty goal of selling a million units a year in the U.S. by 2018. The one million figure is expected to be comprised of 800,000 Volkswagens and 200,000 Audis and the target is being approached by developing smaller and cheaper...
Viknesh Vijayenthiran