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Taking care of its retirees is one of the things the American auto industry prides itself on, and for good reason. But it's also one of the things that are making it hard to compete with foreign carmakers - the expenses are getting out of control. To help keep both Ford and the UAW operating in the current market, a new deal has been struck that changes the way retiree health care is funded, and most critically, Ford says it could help save up to $500 million annually. The new terms also significantly improves Ford’s competitiveness and will allow it to restructure its U.S. outfit into...
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UK auto aid approved by EU, now accepting bids for share of £2.3 billionThe weak economy knows no borders, rampaging across the globe taking its toll in lost jobs and bankruptcies. The car industry in particular is no stranger to this strife, and some might say Great Britain's carmakers most of all, considering their rocky history. In late January UK Business Secretary...
Nelson Ireson -
Peeling back the layers of Aston Martin's DBSWhat makes a hand-built car so different from a standard robot-assembled production line car? Some might say it's attention to detail, but the scanning cameras and computer software of a modern assembly line might disagree. In truth, it's craftsmanship, and nothing illustrates that better than a...
Nelson Ireson -
American tuners dialing up big horsepower from the Porsche 911 TurboThe American tuning scene is rapidly expanding to the point where some firms, like Ohio’s Switzer Performance and now Arizona’s Evolution Motorsports (EVOMS), are modifying German cars to the same extent, if not more, than tuners in Germany itself. Switzer has released a number of kits...
Jeremy Weber -
Hollywood celebrities to take part in Toyota-backed charity raceToyota will be hosting a celebrity race next month with a star-studded field of competitors intended to draw audiences and help raise funding for numerous charities. A total of 20 drivers will compete and already confirmed for the event are a number of A-list actors including Keanu Reeves, who...
James Martinez -
Alfa Romeo Releases Info For MiTo GTAAlfa Romeo CEO Luca de Meo first confirmed details about the upcoming GTA variant of the ultra-stylish MiTo hatch as far back as June 2008, revealing the car would arrive in the middle of this year packing a brand new 1.75L four-cylinder petrol engine turbocharged to the tune of 240hp (179kW)...
Alex Kaufmann -
In 1959, racing legend Carroll Shelby along with Roy Salvadori raced to overall victory at Le Mans in an Aston Martin DBR1, followed by another DBR1 in second place - both cars 25 laps ahead of third place. This year, marking the 50th anniversary of that feat, Aston Martin will field two works teams in the LMP1 class in an attempt to repeat the title grab. Today the car that will be used to do it made its debut at the famous Paul Ricard Circuit in France. Both cars 007 and 009 took to the track as 3,500 lucky spectators - who were the first members of the public admitted to the track in 10...
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Zonda Cinque On The Auction Block For 1.6 Million EurosSo you want a supercar, and you want something hand-made, but the typical Italian cars just don't do it for you? Well, then the Pagani Zonda is just the ticket. Still not exclusive enough? You need the Cinque. And €1,600,000 ($2,034,700). Only five of the cars will be made, their hand-sculpted...
Alex Kaufmann -
Audi posts record profit for 2008, pays each worker €5,300 bonusAt a time when General Motors and Chrysler are facing the reality of bankruptcy, Toyota is forecasting a multi-billion dollar loss, and most other carmakers are either shutting down plants or laying off workers, Audi has managed to post a record profit and its best ever sales figures. Both the U.S...
Alex Kaufmann -
Seven Lamborghini Reventons up for saleWhether it’s a result of the global financial crisis finally taking its toll on even the richest of the rich, or perhaps even a temporary alignment of certain planets in the solar system, for some bizarre reason there are seven - yes, seven - ultra-rare, highly desirable, Lamborghini Reventon...
Alex Kaufmann -
Chevy reveals factory Camaro accessoriesFrom audio systems and ambient lighting to body kits and gauge packages, the new 2010 Chevrolet Camaro already has a huge range of accessories available. General Motors let loose the original equipment extravaganza on its website today, trying to build up excitement for the launch of the all-new...
Nelson Ireson -
Audi insider: U.S. likely to receive TT RS and RS 5The hotly-anticipated TT RS will hit showrooms in Europe by the middle of the year but ask Audi when it will arrive in the United States and the only answer you will likely receive is that it’s still under consideration. A similar response can be expected for the even more extreme RS 5...
James Martinez -
As manufacturers seek ways to create more efficient cars without compromising power or driveability, eyes are increasingly turning to new technologies and ideas. BMW is looking to electricity generated by exhaust gas heat and solar power to take the electrical load off the engine and thereby improve efficiency and reduce emissions. In fact, BMW has found that reusing the otherwise wasted exhaust heat to power a thermoelectric generator could reduce fuel consumption by as much as 5%. The benefit comes from storing the electricity and using it to pre-heat the engine or power the...
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Scuderia Toro Rosso unveils the STR4 2009 F1 carThe silly season is almost over and another year of Formula 1 competition is upon us. This time around, things promise to be even more exciting as dramatic and sweeping aerodynamics rules intensify the wheel-to-wheel action. Today Scuderia Toro Rosso joins the list of teams that have revealed their...
Nelson Ireson -
'Ice White' C70: Volvo unveils a new special editionWith the Geneva Motor Show just past it seems like the market experiencing a glut of special-edition cars at the moment, but Volvo has decided to add another to heap: the UK-market Ice White C70. The unique trim and appearance package for the hardtop coupe-convertible promises 'aspirational' looks...
Kenneth Hall -
Report: Smart planning new 'ForTwo +2' four-seat city carTiny, economical, yet stylish and trendy, the Smart ForTwo has proved a mammoth success in the U.S., with actual demand far outstripping projections. Toyota's iQ, Audi's A1 and BMW's upcoming Project 'i' minicar are both on the table for U.S. sale as well - though none are confirmed yet - so Smart...
Nelson Ireson -
Legendary Porsche 917 race car turns 40Forty years ago Porsche unveiled a car that to this day remains one of the fastest and most successful racing cars ever built. The car is the legendary Porsche 917 and its history is littered with major titles and even a starring role in the 1971 film Le Mans where it was piloted by Steve McQueen...
Jeremy Weber -
BMW and PSA Peugeot-Citroen looking to expand engine agreementPSA Peugeot-Citroen and BMW currently build small engines together that the French auto giant uses for a number of compact hatchbacks and urban runabouts and BMW for its Mini range. There are now reports that the two companies are considering strengthening this agreement with plans to build a...
Alex Kaufmann -
They did it in the nation’s capital at the first round of viability meetings and tomorrow in Detroit government officials will once again be able to drive a prototype for the upcoming Chevrolet Volt plug-in hybrid. This time around the officials will include the Obama administration’s new auto industry task force, who will also be treated with a tour of General Motors’ Warren tech center as well as Chrysler's nearby Warren Truck plant. The group will include Wall Street financier Steven Rattner and Steelworkers union official Ron Bloom, and will be joined by United Auto...
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Stealth focused Audi R8 ‘Blackbird’ upgraded with police laser scramblerBack in the 1960s, at the height of the Cold War, the world's two superpowers were locked in a technology race to develop their military capabilities fastest. Out of this came the idea of 'stealth' aircraft like the legendary SR-71 Blackbird, which provided the inspiration for this highly-modified...
Jeremy Weber -
VW considering ‘Bluesport’ efficient performance rangeLowering emissions and reducing fuel consumption has become a major goal for most major carmakers but the fact of the matter remains that the objective is being encouraged largely because of strict regulations imposed by government organizations rather than what consumers are actually demanding...
Kenneth Hall -
Report: Chinese government gives Chery Auto approval for Volvo acquisitionFord is having trouble offloading its failing Volvo subsidiary but the company is determined to sell it and has already started approaching potential buyers in spite of the tough economic conditions. The Blue Oval has been in talks with a number of potential suitors in the recent past, and the...
Viknesh Vijayenthiran -
Fiat boosts engine output with new MultiAir technologyAlready a leader in advanced diesel engine technology, Fiat has added to its arsenal a new advancement for petrol engines the company claims will significantly boost power and torque, while cutting emissions. The new technology has been labeled it MultiAir and it will be debuting in the...
Jeremy Weber -
Caractere joins growing list of Scirocco tunersThe Volkswagen Scirocco is proving to be popular with tuners, with German performance shop Caractere also releasing its own hotted-up version of the svelte sports coupe. Caractere’s work on German cars has been well documented, especially some of its creations based on much more expensive...
Alex Kaufmann