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Less than a month after receiving the first $4 billion from the federal government’s bailout package for the auto industry, Chrysler has revealed that it needs an additional $3 billion to help close an alliance deal with Italy’s Fiat Group. Unlike General Motors, which has been allocated up to $9.4 billion in restructuring loans, Chrysler was only given $4 billion despite the claims that it needed at least $8 billion to completely reform its operations. The fact that the latest demand is to help facilitate an alliance with a foreign carmaker seeking to gain from the deal...
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Ford and Shelby to release race-only Mustang ‘R-Model’Ford and Shelby first built a limited run of 37 track-only Mustang GT350Rs more than 40 years ago, and in honor of the original cars and race driver Jerry Titus, who piloted them during the 1960s, a modern-day version will be built. Only 37 cars will be built and offered to the public with a...
James Martinez -
Trio of customized Suzuki Equator pickups headed to Chicago Auto ShowAt next month’s 2009 Chicago Auto Show Suzuki will unveil a trio of customized Equator pickup trucks co-developed with three different off-road and lifestyle magazines. The first vehicle from the lineup has already been revealed in the form of the Truckin' Equator, which has been fitted with...
Jeremy Weber -
Nissan explains 2010 model-year GT-R software updateIn a bulletin sent out to dealers today, Nissan has explained a number of changes to be made to the GT-R gearbox management software that will go into immediate effect for all future models sold in North America. The changes have already been implemented for Japanese and European spec cars, and...
Ralph Hanson -
U.S. Justice Department introduces national used vehicle databaseA major problem in the used car industry is the illegal practice of ‘title washing,’ a process where salvaged wrecks are rebuilt and given new title information and then sold to unknowing buyers. Three consumer groups recently attempted to sue the federal government to force it to...
James Martinez -
Audi details third-gen MMI information and entertainment system for U.S.Advanced multimedia systems are becoming increasingly central to daily life with modern cars. Especially at the luxury end of the segment, where BMW's iDrive, Mercedes-Benz's COMAND, Lexus's new haptic system with Enform and Audi's MMI all compete for top honors. The latest iteration of Audi's MMI...
Alex Kaufmann -
Testing last month at White Sands Missile Range in New Mexico confirmed that a prototype weapons system consisting of a laser mounted on the back of an Avenger ground combat vehicle is capable of shooting down UAVs. The first-ever successful demonstration of such a mobile laser weapon, which is dubbed the Laser Avenger, involved a 1kW laser system that's been adapted to track flying objects in complex situations. Shooting down UAVs will be increasingly important, as already the high-tech drones are becoming a serious threat on the modern battlefield. But why laser guns - aside from the...
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More details on U.S.-spec Nissan CubeThe second-generation Nissan Cube made its world debut last November at the Los Angeles Auto Show, but specifications and information on the U.S. model were scant. New information has emerged shedding some light on what American buyers of the quirky hatch can expect, however, including power and...
Viknesh Vijayenthiran -
Texas considering $5,000 tax credit for plug-in hybrids on top of federal incentivesWith all the talk of the Environmental Protection Agency (EPA) reconsidering allowing states to implement their own fuel-economy emissions and regulations, and the negative flow on effects this would have on carmakers that would be forced to tailor cars to meet varying standards across the country...
James Martinez -
Ford Fusion Hybrid qualifies for maximum tax credit of $3,400Tax credits designed to give buyers incentives to buy more efficient cars are anything but new - the Toyota Prius has benefited from similar schemes for several years. Now Ford's Fusion Hybrid, as well as the Mercury Milan Hybrid, qualify for the maximum tax credit as well, giving buyers a $3,400...
Ralph Hanson -
Porsche’s new €100 million museum opens to the public this weekendPorsche announced today it will be opening its new €100 million museum near its headquarters in Stuttgart, Germany to the public this weekend, on Saturday, January 31. One of the greatest and most spectacular building projects in the history of the sports car manufacturer, the new museum...
Alex Kaufmann -
Three day working week for 600 Aston Martin staffThe tough times facing the car industry are not new, but the extended duration is beginning to take its toll on even the most luxurious carmakers. Having already announced that it would be cutting its 1,850-member workforce by up to 600 jobs, Aston Martin has now revealed that it will put its...
Kenneth Hall -
The Mercedes Benz CLK is something of an enigma - built around the old C-Class platform, styled like the E-Class, and priced in between the two, the car sits in its own unique segment and has no direct competition from its rivals. Its sales history has been a strong success, especially in the United States, but the car is set to meet its demise with the arrival of a new E-Class Coupe later this year and an E-Class Cabrio in 2010. In order to make way for the new two-door E-Class range, Mercedes has ended production of the current CLK. The cars, however, will still be on sale until the arrival...
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Tesla announces Model S Concept, explains price hikes in town hall meetingThe burgeoning electric car field was just hitting its stride when the bottom fell out of the market last year, and the tough position that has left carmakers like Tesla in has forced some changes to be made. But that's not stopping the company from moving ahead with its product development plans...
Ralph Hanson -
ABT Sportsline reveals full specs for modified Mark VI Volkswagen Golf rangeAfter first previewing its modified Mark VI Golf at last year’s Essen Motor Show, Germany's equivalent to SEMA, Volkswagen tuning specialist ABT Sportsline has unveiled the final production specifications for its range of enhancements for the popular hatch. A mild package by ABT's standards...
Jeremy Weber -
Nissan closes Michigan design studioIn its efforts to further reduce costs and streamline is business, Nissan has announced that it will be shutting down its Michigan design studio and cutting back on roughly 100 white-collar jobs in North America, mostly from its sales and marketing operations. The plan will see the carmaker...
Viknesh Vijayenthiran -
Automakers, legislators to meet concerning EPA emissions waiversPresident Barack Obama this week kept a campaign promise that could potentially allow California and other states to set their own fuel economy and vehicle emissions standards by signing a memorandum to the Environmental Protection Agency requiring it to reconsider California's application for a...
Ralph Hanson -
AM General layoffs could spell end for Hummer H2General Motors yesterday announced it would be laying off 2,000 workers and reducing production at 10 North American plants over the coming months. At the same time, AM General, producer of the Hummer H2, laid off 200 workers from its Mishawaka, Indiana plant. Now GM's extended production halts...
Nelson Ireson -
The recently announced alliance to be forged with Fiat notwithstanding, Chrysler's current position in the market is regarded as precarious by buyers and analysts alike. Vice Chairman Jim Press is more optimistic, however, stating that Chrysler will be 'viable' during the first half of the year. He carefully defines viability as the ability to avoid bankruptcy and develop new products, reports MSNBC, but he cautions that profitability is still too far off to predict. The viability claim - definitionally tenuous though it may be - rests on an assumption of just 10 million cars being sold in...
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G-Power modified BMW M3 cranks out 635hpA high-revving, sweet-sounding V8 is a marvelous thing, and BMW's 4.0L V8 in the M3 is a capital example. The tuners at G-Power weren't satisfied with the factory-supplied 414hp (309kW), and decided to strap on a supercharger and boost output to a tire-vaporizing 635hp (473kW). About what you'd...
Nelson Ireson -
Wald Lexus IS-F 'Black Bison' detail photos releasedJapanese tuning house Wald International has a wide range of styling and performance kits for nearly every Japanese-made car on the market. It's no surprise, then, the company has turned its hand to one of the most recent high-performance sedans to issue from Lexus, and the resulting restyle shows...
Jeremy Weber -
Bloodhound SSC May Break Land Speed Record In AustraliaLate last year we saw Britain’s Bloodhound Project announce plans to smash their current land speed record of 763mph (1,227km/h) with their new SSC speedster, which they claim is capable of reaching a top speed of 1,050mph (1,690km/h) under a combination of rocket, jet and piston power...
Kenneth Hall -
Jaguar’s next sports car likely to be a lightweight roadsterThere are numerous reports about Jaguar working on a brand new sports car, with some speculating that the car will be a mid-engined supercar to take on the likes of the Audi R8, while others claim it is more likely to be a lightweight roadster designed along the lines of the Porsche Boxster or BMW...
Kenneth Hall -
Michigan International Speedway looking to start vehicle connectivity trialsVehicle-to-vehicle communication is the next big wave in active vehicle safety but the technology is still in its infancy and will require substantial cooperation between carmakers and governments to get off the ground. Several carmakers have taken the initiative to develop the technology already...
Ralph Hanson