Car News
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Trading of General Motors stocks halted at 11:04am EST this morning in anticipation of a major announcement concerning the company's financial situation. The substance of that announcement revealed that high fuel prices, slumping sales and a tough finance market have led to a net loss of $2.5 billion for the third quarter, and an adjusted loss of $4.2 billion. The result isn't unexpected, as Ford announced a similar pre-tax result earlier today and the industry in general has been releasing poor to dismal figures all week. Nevertheless, the big loss means the planned pairing of Chrysler and...
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Australian-built hydrogen race car targets world speed recordThe Royal Melbourne Institute of Technology (RMIT), an Australian university, has unveiled Australia's first hydrogen powered race car, dubbed 'Formula H' and developed in conjunction with the Fachhochschule Ingolstadt University of Applied Sciences. With speeds of around 106mph (170km/h) expected...
Alex Kaufmann -
Ford announces $129 million Q3 lossDespite posting a gross operating loss of $2.7 billion for the third quarter, Ford Motor Co.'s net after-tax third quarter losses only amounted to $129 million. That's a significant improvement against last year's $380 million third-quarter loss, though the pre-tax picture is much more grim: a $194...
Ralph Hanson -
Renault offering two new V6 engines in LagunaFollowing the lead taken from the Renault Laguna Coupe, both the hatchback and estate variants of the Renault Laguna will be available with a 3.5L petrol V6 and a 3.0L dCi diesel engine. Both of these engines will likely be based on Nissan's award winning VQ family of engines. Both V6 engines are...
Kenneth Hall -
Brabham Racing Returns As A BMW TunerOne of the most illustrious names of automotive history has returned and is set to make its first public debut after relaunch at this year’s Essen Motor Show. After numerous successes in F1 and being dormant for nearly sixteen years, the legendary Brabham Racing brand has officially made its...
Viknesh Vijayenthiran -
Mercedes SL65 AMG Black Series launched in U.S. at Laguna SecaAlongside the pair of modified ML63 AMG SUVs shown today, the SL65 AMG Black Series was launched for the U.S. at Laguna Seca raceway in California. The 661hp (493kW) V12-powered German supercar also received European pricing today, though Americans will simply be left to apply the adage "if you...
Nelson Ireson -
Hyundai is the latest carmaker to announce plans for an advanced fuel-saving eight-speed automatic transmission, which puts the South Korean carmaker on equal terms with prestige brands Mercedes Benz and BMW who are also reportedly working on new eight-speed gearboxes. Lexus currently uses an eight-speed auto for its flagship LS saloon but by the end of the decade Hyundai will have the same bragging rights. Hyundai's research and development chief has previously hinted at an eight-speed self-shifter, and now the carmaker’s powertrain chief Park Seong-Hyun has confirmed to Asia Pulse...
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Project Kahn tinkers with the Ferrari 599 GTB FioranoThe Ferrari 599 GTB Fiorano is one of the few exotics rarely touched by aftermarket tuners but that hasn’t stopped Britain’s Project Kahn from releasing a new performance upgrade for it. Not wanting to alter the dramatic styling of the 599 significantly, developers have kept exterior...
Viknesh Vijayenthiran -
Mercedes releases two special-edition ML63 AMG SUVsIn a sort of counter-stroke to the modified vehicle extravaganza that is the SEMA show, Mercedes has announced two special editions of its ML63 AMG SUV. The 10th Anniversary model celebrates 10 years of AMG SUVs, while the Performance Studio edition exhibits what the in-house AMG customizers at the...
Alex Kaufmann -
Shelby to auction unique 1968 EXP500 CSS MustangElectronic fuel injection, independent rear suspension and four-wheel disc brakes are just a few of the technologies tested and proven on Carroll Shelby's 'Green Hornet' rolling testbed. To support the Carroll Shelby Children's Foundation, the man himself will offer a car from his personal...
Nelson Ireson -
Lamborghini Orange County, world's largest Lamborghini dealer, closes doorsIn a surprise announcement, the world's largest dealer of Lamborghini cars has closed its doors. Reasons for the closure were undisclosed by ownership, but the dealer was involved in several side-ventures, which apparently did not pan out as expected, leading to the closure of its operations...
Kenneth Hall -
Toyota slashes earnings forecastFollowing Toyota’s official announcement back in August that it was reducing its global sales target for 2009 by 700,000 vehicles comes a new report that claims the industry juggernaut has cut its annual earnings forecast to less than a third of what it was the previous fiscal year. The new...
Jeremy Weber -
Indianapolis hosted its last United States GP in 2007, and North America has now slipped off the calendar altogether with the recent demise of the Canadian GP at Montreal, which will not be a part of the 2009 F1 schedule. According to Honda team principal Nick Fry, however, F1 officials are in discussions to bring the international racing series back to the U.S. Speaking with Bloomberg, Fry revealed that talks are ongoing to reinstate American races by 2010, with a return to Indianapolis as just one of the options on the table. He hinted that the race could be held in an altogether different...
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Holden Commodore Conversion Kit For Pontiac G8It’s no secret that Pontiac's G8 is essentially a rebadged version of the Australian-built VE Holden Commodore, and now a vehicle customizer that also hails from Down Under is offering a kit for North American customers who wish to make their Pontiac G8 look like the car it was originally...
Viknesh Vijayenthiran -
Troy Lee and Mazda team up for custom 2009 Mazda6The Specialty Equipment Market Association (SEMA) show is in full swing, and one of Mazda's main contributions to the pandemonium is the Troy Lee Designs Mazda6. Featuring a custom iridescent paint job by PPG and a race-inspired design, the car shows the tuning potential in the Mazda6 as it hits...
Ralph Hanson -
GM Performance Division executive John Heinricy retiresThe face of General Motors' widely-lauded Performance Division would be a different sight if it weren't for John Heinricy. An executive and development driver, Heinricy started his career with GM nearly 40 years ago, and along the way he's had a hand in developing the Citation X11, the original CTS...
Ralph Hanson -
Spy shots: Roewe SUV based on the SsangYong KyronWe haven’t heard much about Chinese carmaker Roewe since the launch of the 750 sedan back in 2006. Roewe is a subsidiary of fellow Chinese carmaker Shanghai Automotive Industry Corporation (SAIC), and initially started selling vehicles built from old Rover designs – the 75 sedan and 25...
Viknesh Vijayenthiran -
Nissan celebrates tenth year at SEMA with 12 specialty vehiclesNissan is not only celebrating its tenth year at the Specialty Equipment Market Association (SEMA) Auto Show, as 2008 also marks the carmaker’s 50th anniversary of selling cars and trucks in North America. As part of the celebrations, Nissan has unveiled 12 new specialty vehicles at this...
James Martinez -
The Dodge Challenger Drag Pack is a factory production heavily modified Dodge Challenger built exclusively for drag racing. Don Garlits, 17-time Top Fuel drag racing champion and still getting behind the wheel after over 50 years in the sport has cooperated with Dodge to create a special edition Challenger Drag Pack car for the 2008 SEMA show. The "Big Daddy" Don Garlits edition started with the third of the drag pack cars built, which was then treated to a custom set of graphics plus an array of signatures and tweaks to make the car a one-of-a-kind special. It's not yet clear which of the...
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Tesla Roadster eligible for $5,000 CARB rebateThe Federal Government has already approved a number of different tax breaks for electric, hybrid and plug-in hybrid cars, but now California's CARB is getting in on the act in a more direct way - offering a $5,000 rebate to purchasers of qualifying electric vehicles. A confirmation letter received...
Nelson Ireson -
VW shows CC Eco Performance Concept at SEMAHeralded as the car that will bring the haute four-door sedan form factor to the masses, the VW CC sedan has already been the basis for the CC Gold Coast Edition, and now it gets a green power treatment as the Eco Performance Concept. Using an adjustable turbocharger system for a range of power and...
Nelson Ireson -
2009 Mopar Drift Dodge Challenger unveiled at SEMAFormula Drift is serious business for those involved in the series and the drift community, and Chrysler's Mopar division has revealed its latest entry to the field at the SEMA show today. The 2009 Mopar Drift Dodge Challenger will be the factory ride for Samuel Hubinette during the 2009 season. In...
Ralph Hanson -
GM-Chrysler details expected Friday alongside release of GM's Q3 resultsThe ongoing merger-acquisition talks between Chrysler and General Motors are expected to bear fruit in the form of an announcement this Friday revealing some of the details being discussed. The timing of the announcement coincides with GM's release of its third-quarter earnings report, which is...
Nelson Ireson -
Pontiac to offer four-cylinder G6 Coupe for mid-cycle updateA mid-year refresh brings a smaller, more efficient 2.4L four-cylinder engine to Pontiac's G6 Coupe despite tumbling gas prices. Car sales have tumbled even further, however, and fuel prices are likely to rise, so the decision is surprising only in its lateness - the G6 Coupe had previously only...
Ralph Hanson