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Despite the global economic downturn, the nation of China is still on track to become the world's largest automaker by this year. Currently, China remains in second place to Japan, but last year the Chinese managed to overtake the U.S. to claim their current second-place position, and this trend is expected to continue this year, with China holding the lead spot through at least 2013 based on current trends. Market research firms are predicting that China will manufacture around 8.7 million vehicles this year, over a million units more than Japan is expected to produce. Most of these cars...
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Geely goes for the gusto with throne-equipped GE limoBuilding a successful hyper-luxury limousine is a tricky game. While brands like Maybach and Bentley are struggling to find success, Rolls Royce is posting year after banner year of sales improvements. Now a newcomer has entered the game, and the result is catastrophically interesting. Built by...
Kenneth Hall -
Gold Bugatti Veyron defines excessWe've seen gold-plated Aston Martins and even Fiat 500s, but until now the cars receiving the treatment have largely been worth less than their paint jobs once all was said and done, save rare specimens like the gold-ensconced Rolls Royce Phantom - but not this time. A gold Bugatti Veyron out of...
Ralph Hanson -
Canada follows U.S. lead and rejects GM and Chrysler viability plansCanada has followed the lead of the U.S. and rejected the respective viability plans of General Motors and Chrysler, claiming the plans do not go far enough in their current form. This means the carmakers may miss out on the initial $3.2 billion in loans pledged in December, though a small portion...
Viknesh Vijayenthiran -
Report: Ford canceling Fiesta RSThe lamentations of American hatch fans - as few as they may be - over the unfairness of Europe's bounty are legendary. But soon it's European hatch fans that may be sobbing, mourning the stillbirth of Ford's tiniest hot hatch, the Fiesta RS. The initial report, sourced by an interview of Jost...
Kenneth Hall -
Obama throws weight behind car scrapping, new car tax incentivesThe 'cash for clunkers' type programs have proven hugely successful in Europe - particularly in Germany - and today President Obama put his support behind at $7,500 trade-in incentive for old cars. Along with the car scrapping push, Obama has also lent his support to a set of new car tax incentives...
Nelson Ireson -
When you're Rick Wagoner, you get a golden parachute even when you're thrown out of the plane. The news today of Wagoner's $20 million retirement package might come as a surprise to some, following so closely on the heels of his Presidential ouster over the weekend. Wagoner won't get the cash all at once, but rather over time and in the form of retirement benefits, reports ABC News. The U.S. Treasury Department had already blocked GM from paying out severance benefits to Wagoner or any other top-level exec as part of the strings attached to its federal loans package. The big retirement fund...
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Auto industry task force rejects GM and Chrysler viability planThe Obama administration auto industry task force has rejected viability plans for General Motors and Chrysler and threatened that both may be forced into bankruptcy unless further sacrifices are made. The task force has consistently stated that its goal is to solve the industry's problems rather...
Ralph Hanson -
CEO Christian Streiff fired by Peugeot board of directorsDrastic changes at American carmakers have become not only normal, but expected - even encouraged - as the economy and industry worsens. Even GM's CEO Rick Wagoner has stepped down at the behest of President Obama's task force. But so far no U.S. CEOs have been forcibly removed from their position...
Nelson Ireson -
Hyundai’s U.S. chief hints at plug-in hybrid sports carHyundai is moving into the hybrid business quickly, with its first petrol-electric model expected to debut in South Korea this July and the U.S. by next year. Now, the carmaker’s American chief, John Krafcik, has revealed that management is considering building a more advanced plug-in hybrid...
Ralph Hanson -
Hyundai releases new drift videos with Rhys MillenHyundai is trying extra hard to make its new Genesis Coupe, and the latest effort to promote the vehicle - as well as several upcoming ones – is a new series of videos whose release will be staggered over the coming months. The first of these videos focuses on the Genesis Coupe – in...
James Martinez -
One-two finish for Brawn GP in F1 season openerThe 2009 championship opener today lived up to its pre-season hype, with Jenson Button leading an eventful Brawn one-two at Albert Park. The Briton, after two awful seasons for the Brackley-based team's previous guise Honda, crossed the line less than a second ahead of his teammate Rubens...
Ralph Hanson -
The affordable large car segment is starting to get just a little overcrowded, and in a time where customers all around the world are downsizing to smaller midsize models, performance, fuel-economy and overall value is now more important than ever. South Korea’s entrants in this field have been winning plenty of accolades lately, especially newcomers like the Hyundai Genesis, and Kia is working on another large car that by the looks of things will only continue this trend. The replacement for the Amanti (Opirus) sedan is just around the corner, but an image of a concept version of the...
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GM CEO Rick Wagoner resigns, Fritz Henderson takes the reignsGeneral Motors has confirmed that CEO Rick Wagoner will resign at the behest of President Barack Obama and his auto industry task force. Wagoner is stepping down from the top spot, effective immediately, and will be replaced by the company’s current COO Fritz Henderson. Wagoner confirmed that...
Viknesh Vijayenthiran -
Heico Sportiv upgrades full Volvo XC60 lineupSpecialist Volvo tuner Heico Sportiv has just come out with what it’s claiming is the world's first complete upgrade program for the Volvo XC60. The program alters both the internal and external features of the car, with various engine upgrades for the different trim levels of the XC60. When...
Alex Kaufmann -
Wind-powered speed run sees world record brokenEarlier on in the year we reported on British company Ecotricity's plan to build an electric sports-car that could be charged from wind-generated power. That company has now involved itself with wind-powered cars a little more directly, this time sponsoring a British man who has broken the world...
Kenneth Hall -
Virgin announces sponsorship deal for Brawn GP, may rename teamMere weeks after rising from Honda's ashes as 'Brawn GP', the Brackley based team could be set for yet another name change. Following the eleventh-hour sponsorship deal with the Virgin brand, Sir Richard Branson in Melbourne admitted his company might take over the name of the new team. The British...
Kenneth Hall -
Cargraphic uses racing know-how to improve Aston Martin’s VantageGerman tuning firm Cargraphic has launched a new performance upgrade for the V8 Vantage that sees improvements in power, handling, and design. The company’s engineers have modified the 4.5 litre V8 engine to raise peak power from 426hp (313kW) to 466hp (342kW), as well as increasing peak...
Kenneth Hall -
We all have a soft spot in our hearts for at least one type of car, though it's different for each of us. For some, it's a mid-engine turbocharged Toyota MR-2, for others it might be an oddball Citroen DS. For a lot of people, it's the Corvette Stingray, and looking at the plans for the N2A Stinger, it's clear why. An unrivaled performance-to-price ratio has made the Chevrolet Corvette platform a favorite of custom car and coach builders everywhere. The group at N2A Motors is among the foremost of them, with their 789, the Anteros and soon, the Stinger - a modern take on the Corvette...
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U.S. raises fuel economy floor to 27.3mpg for 2011You 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...
Ralph Hanson -
Take a virtual test drive with Michael Schumacher on Ferrari’s latest websiteFerrari plans to launch an updated version of its official website this Sunday to coincide with the season opener for the 2009 F1 series. The site – www.ferrari.com - has been completely revamped and now offers users, whether they’re clients, car nuts, or motor racing fans, a behind the...
James Martinez -
Mercedes Benz SL63 AMG returns as Official 2009 F1 Safety CarWith another season of F1 kicking off this weekend at the Australian GP in Melbourne, Mercedes Benz has confirmed that its two high-performance AMG safety cars from last year’s season will return to keep things order for ’09. The SL63 AMG will be staring once again as the Official F1...
Viknesh Vijayenthiran -
Tag Heuer celebrates 24 Hours of Le Mans with special edition Monaco chronographThe 24 Hours of Le Mans is one of the most arduous car races in the world, which is why it’s also one of the most heralded and talked about automotive events in history. Hosted every second week of June, the 86-year-old race is now being celebrated by Tag Heuer with the release of a new...
Jeremy Weber -
Porsche secures $13.6 billion finance deal, targets VW takeoverPorsche 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...
James Martinez