News

NewsGM, Chrysler seek more govt aid, cut more jobs
General Motors and Chrysler said Tuesday their request for U.S. government aid ballooned to a staggering $39 billion _ only months after receiving billions in loans _ in new plans that envision massive job losses and intense restructuring to survive a deepening recession. General Motors Corp. presented a survival plan …
New ModelsPorsche reveals first Panamera interior images and canadian prices
Porsche today presented the interior of its Panamera four-door gran turismo. The much-anticipated addition to Porsche’s lineup will go on sale in Canada on October 17, 2009. With a centre console that extends from the dashboard to the rear seats, the Panamera offers a new spatial concept for the driver …
NewsPorsche Unveils Panamera Interior
After years of development, the curtain was only recently drawn on Porsche’s four door sedan project, dubbed the Panamera. The resulting backlash from the bubble-backed design has been epic, as critics lambasted the last independent sports car manufacturer for not only deviating even further from their traditional roots, but also …
NewsChrysler Sued Over Interiors
The lowest volume of the big three automakers, Chrysler has suffered recently. Although the 300, Magnum, and Charger may have continued a longstanding tradition of last-minute groundbreaking vehicles saving the historic automaker’s hide (refer to the famous K-car and Caravan), Chrysler and Dodge have been hit hard by much criticism …
NewsBMW Brings Art Cars to North America
Truly some of the automotive world’s most curious oddities, BMW's art cars have produced a number of responses in enthusiasts; ranging from shock to awe. Utilizing some of BMW’s most prized possessions, BMW put the world’s most renowned artists to work on everything from their immortalized 1975 3.0 CSL race …
NewsNissan net loss at 83.2 billion yen in third quarter FY08
Total net loss of 265 billon yen forecast for FY08 Nissan Motor Co., Ltd., today announced financial results for the third quarter of fiscal year 2008, ending March 31, 2009, as well as for the first nine months. In the third quarter, the consolidated net loss after tax came to …
NewsHonda Mugen Insight Goes on Sale
After dominating the hybrid-specific model market, Toyota’s Prius finally has some competition in the form of Honda’s brand new Insight. A nameplate that first appeared on the diminutive but even more economical two door coupe, the new Insight borrows much of its design influence from the Prius, sharing the same …
NewsToyota Loses Top Credit Rating
After hearing nothing but dismal news coming out of Detroit, it’s been easy to assume that the domestic manufacturers have been the only ones suffering, but the reality is that in this time of economic crisis, no one is winning. Even Toyota, who was riding a wave of success after …
NewsFord SVT Raptor R to Compete in Best in the Desert
After a lengthy development, Ford’s SVT Raptor has wowed journalists, the public, and the competition. While Toyota’s TRD showed off a new supercharged Tundra and GM crammed the 6.2L Vortec motor into a Tahoe, SVT has blown every single competitor into the weeds with the best prepared pickup truck in …
NewsCanadian sales of new cars in January skid 25%; GM down 46.6%
General Motors of Canada suffered a 46.6 per cent decline in January sales from a year earlier, pacing an overall slump of 25.3 per cent in the industry. Chrysler sales skidded 33.7 per cent compared with January 2008, and Ford was down 14.2 per cent. Industry figures compiled Tuesday show …
844 / 852