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    Tracinda Corp, led by billionaire investor Kirk Kerkorian, has sold another 26.4 million shares of Ford stock according to a new SEC filing. The shares were sold between October 21-28 at an average price of $2.01 per share, a drop of more than 20% over the smaller liquidation made last week. Kerkorian's remaining stake in Ford now sits at 4.9%. Last week Tracinda announced in a regulatory filing that it had sold 7.3 million of its shares in Ford at an average price of $2.43 per share. The move came just months after Tracinda raised its stake in the Blue Oval to 6.49% via its $8.50 per share...

  • 2009 Volkswagen CC
    Volkswagen shares spike over $1,250 to become most valuable company in world

    Infighting with new owner Porsche has led many to fret over Volkswagen's future, but company officials insist the struggles are being blown out of proportion, just today releasing a statement of cooperation that appears to have put the fighting to an end. Whatever the case, the stock markets are...

  • Porsche-VW logos
    Porsche-VW announce united front after months of feuding

    The feud that started up between the two German companies since Porsche purchased a controlling interest in Volkswagen last month has met what appears to be an end in the aligned leadership of both companies and the Porsche and Piëch families declaring, "We stand united behind all decisions." The...

  • The Bugster Concept
    Official details for Fiat's FCC II 'Bugster' Concept

    Brazil is a burgeoning automotive market, home to both intensely rural and highly evolved metropolitan environments. The unique influence of this setting has brought about an appropriately unique concept called the FCC II - a sort of buggy/roadster mashup with a helping of ecological consideration...

  • 2009 Porsche 911 Techart Aerokit
    Techart aerokit for the 2009 Porsche 911

    Techart is well known in the aftermarket tuner scene for creating some of the best functional aerokits for Porsche cars, so it comes as little surprise that there has been plenty of interest in the German tuner’s latest kit designed for the facelifted 911 range. The pieces are constructed...

  • Mitsuoka Galue S50 Limousine
    Mitsuoka Galue Limousine S50 Based On The Infiniti M35

    Japanese coachbuilder Mitsuoka has released another head-turning creation with its new Galue Limousine S50--a bold luxury saloon based on the Infiniti M35. The range-topping Galue S50 limousine will cost around $100,000, but for the price you are guaranteed to be driving one of the most unique...

  • Caterham Superlight R300

    Small-scale British sports car manufacturer Caterham has officially released details about its new Superlight R300 two-seater, as well as its touring-focused Roadsport 175. As per its name, the Superlight 300 is focused on agility and minimalism - its extremely light weight of 515kg (1,135 lbs) gives the vehicle an impressive 339hp-per-tonne, a figure that betters the likes of the Mercedes McLaren SLR and the current Porsche 911 Turbo. According to Caterham, the latest Seven should be able to punch from 0-to-60mph in 4.5 seconds, courtesy of its new 2.0L Ford Duratec engine which has been...

  • 2008 Chevrolet GPiX coupe-crossover Concept
    Chevrolet GPiX coupe-crossover concept official details

    Chevrolet has revealed the all-new GPiX crossover coupe concept at the 25th edition of the Sao Paulo International Auto Show in Brazil today, which the carmaker claims is a preview of a future production model designed specifically for the South American market. The concept vehicle was developed by...

  • 2008 Renault Sand’ Up Concept
    Renault reveals Sand’ Up Concept at Sao Paolo Auto Show

    Renault has taken the covers off a new concept car at the Sao Paolo Auto Show in Brazil. The new concept is the Sand’ Up buggy and is loosely based on the French carmaker’s Sandero line of budget cars. In Brazil the Sandero is known as the Stepway and it is set to be updated, with...

  • KTM X-Bow 'Race'
    KTM X-Bow 'Race' Released For Private Sale, Priced At 82,900 Euros

    As if the standard X-Bow weren't track-ready enough, KTM has decided to release its ex-works X-Bow 'Race' models from FIA GT4 competition for private sale. Sold as ready-to-race privateer cars, the new X-Bows aren't monstrous, V8-powered fire-breathers, but rather finely tuned and honed cars for...

  • TF109 on track
    Toyota denies considering leaving F1 for LeMans

    It's been known for some time that Toyota is very interested in competing in LeMans, sending squads of racing engineers and observers to the races both in Europe and the American series. Last week word has broke that Toyota may be considering a switch from the costly and thankless world of Formula...

  • Volkswagen Race Touareg 2
    VW prepping Race Touareg 2 for 2009 Dakar Rally

    This year's Dakar Rally was at first delayed, then relocated to South America due to terrorist threat. The first-ever iteration of the historic race to take place in South America, it will start in Buenos Aires January 3, 2009, and Volkswagen will be at the line with its new Race Touareg 2, built...

  • Lorinser C-Class upgrade package

    Modified Mercedes-Benzes are far from uncommon,and the methods applied are likewise becoming rote: big, flashy wheels, a new, agressive body kit and, of course, more power. Lorinser sticks with this tried and true formula and ends up with something not to far from the manufacturer's specifications, and several orders of magnitude more tasteful than many alternative brands. Despite the already fairly potent tune of the standard C350 sedan's 3.5L V6 engine, Lorinser has managed to extract over 10% more power from the car. The boost to 305hp (224kW) from the stock rating of 272hp (200kW) comes...

  • Mercedes' C-Class wagon production line in Bremen, Germany
    Daimler suspends production for 1 month

    Even the upper tier of the mass-market luxury car manufacturers are facing troubled times this year. Sales are down, inventories are up and there appears to be no end in sight. In response to this situation, Daimler has decided the right move is to cut all production for at least one month...

  • Branew releases new GT-R appearance kit ahead of SEMA
    Branew releases new GT-R appearance kit ahead of SEMA

    Modifications for Nissan's GT-R are notoriously difficult to make successful, in part because the car is already at a very high level of performance, and in part because Nissan chose to lock down the car's computer in so many ways. The appearance side of modifications for the car is wide-open...

  • GM Logo
    GM to suspend employee 401(k) payments

    General Motors will temporarily suspend matching payments into its employees’ 401(k) accounts as it struggles to raise liquid cash. The suspension of matching contributions will come into effect on November 1 this year, and will affect GM's entire North American workforce. Additionally, GM is...

  • Volvo grille
    Report: BMW and Ford discussing Volvo sale

    A report over the weekend has linked talks between BMW and Ford to a potential sale of the Volvo brand. Despite consistent denials by Ford that it is shopping Volvo around, the rumors of such talks continue to crop up every few months. The strain of the current weak economy could be raising the...

  • Neil Tjin Pontiac G8 CST preview
    Custom Neil Tjin Pontiac G8 CST headed to SEMA

    One of the most highly modified Pontiacs at next month’s SEMA Auto Show won’t be an official General Motors offering but the car should serve as a major endorsement for the ailing carmaker and could even boost interest in the tuning scene for one of its top models. The car is a fully...

  • 2011 Chevrolet Cruze

    Despite the economic reality that smaller cars may end up costing their owners as much as larger cars, the small and mid-size segment is an incredibly important volume leader, and the Chevrolet Cruze is shaping up to be General Motors' prime entrant. As the Cruze progresses through its lifecycle, it is expected to gain hatchback and wagon variants to appeal to an even wider audience. Production of the Cruze will be global, with plants in South Korea, Russia and the U.S. all chosen to build the car. Because of its global presence, the need for different bodystyles is intensified, as European...

  • 2009 Alfa Romeo 8C Competizione
    Alfa Romeo U.S. relaunch delayed until 2011

    The worsening global financial crisis has forced Fiat to postpone two major targets it had planned for its Alfa Romeo brand in 2010 – a U.S. relaunch and reaching 300,000 sales in China. Fiat CEO Sergio Marchionne has confirmed that Alfa Romeo won't return to American shores in 2010 as...

  • 2011 Audi A8 official preview sketch
    Audi Releases Official Sketches For A5 Sportback, A7 And Next-Gen A8

    Just as it did back in July with its upcoming R8 Spider convertible, Audi has released several teaser sketches for some of its important future models. The images reveal new details about the upcoming A5 Sportback model due next year as well the all-new 2010 A7 four-door coupe and next-generation...

  • 2009 John Cooper Works Mini Cooper
    Small car fuel savings offset by higher insurance costs

    Savings at the pump may be a false economy for small cars, as higher insurance costs offset the financial benefits of higher fuel efficiency. For many popular models, the difference in insurance costs can exceed $500, wiping out the savings of a car that gets 35mpg on average over one that gets...

  • BMW Car-2-Car communications
    BMW announces Car-2-Car communications development

    Earlier we reported on Volkswagen's new Car-2-Car communications system, which is being developed by a consortium of various European manufacturers, including BMW, Daimler, Renault, Fiat and Audi. BMW has now revealed that it could use the technology in its future vehicles, however stressed that...

  • 2011 Chevrolet Cruze
    Report: GM may delay Chevrolet Cruze amid rising costs

    General Motors is drastically cutting costs as it tries to ride out the current auto market slump, which is expected to ease by around 2010. The ailing carmaker is burning through approximately $1 billion in cash per month, a figure that it is hoping to reduce by downsizing its workforce, reducing...

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