General Motors Co. has started repaying its bailout loans to the US and Canadian governments. So far, GM has paid the US government $1 billion and the Canadian government $192 million. By June 2010, GM has to have repaid the US government $6.7...
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A low-cost city car concept, referred to as the “New Small Concept” will be unveiled by Honda at the Delhi motor show next month. The car, which is slated to be built in India and Thailand, will be sold in emerging markets. Some Honda insiders...
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The GT90, which Ford considers to be “the world’s mightiest supercar,” will be sold to the highest bidder at RM Auctions’ Automobiles of Arizona event. The GT90, the spiritual successor of the GT40 of the 1960s, is typical of the many Ford...
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The most exclusive power upgrade program for the Ford Focus RS is now available. Mcchip-dkr has created this program that raises the output data to the impressive 401 horsepower and 612 Nm of maximum torque. Mcchip-dkr offers the new program in two...
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Serbia and Fiat S.p.A. have come to terms with regards to the completion of Fiat’s purchase of a majority stake in the country’s biggest carmaker, Zastava Automobili. In 2008, Serbia and Fiat built a joint venture worth 1 billion euro ($1.43...
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Michael Schumacher is making a comeback to the Formula One race but not with the team you’d expect him to be in. Ferrari president Luca di Montezemolo said that in a talk with Schumacher a few days ago, he learned that there is a “very strong...
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A new kit for the 2011 BMW 5-Series F10 is now up for grabs. The tuning firms TopCar and Cardi, which are from Russia, and Germany-based Lumma Design have decided to collaborate for an aggressive styling package that will boost performance. The...
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Bearing high hopes for the new Panamera model, Porsche Automobil Holding SE revealed that it is holding out for a slight rise in unit sales in its current fiscal year, after the company swung to a quarterly loss.. Porsche’s sales had dropped since...
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Qatar will be taking a seat on Porsche Automobil Holding SE’s supervisory board after having accumulated a 17% voting stake in Volkswagen AG. This move highlights the more active role that the Gulf state aims to have in the German auto industry....
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Because Ford Motor Co. failed to accurately predict which variants of the 2010 Taurus would be highly popular and how many should be produced, its dealers are now having difficulty getting hold of some versions, such as SEL and SHO trims. Jim...
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For its creative advertising tasks, General Motors Co.’s Chevrolet Division chose two agencies to help out for the first half of 2010. In a statement, Chevrolet confirmed that Publicis will be accomplishing work for the Chevrolet Malibu, Equinox...
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There has been no official announcement yet with regards to the next generation BMW (F10) M5 but from various sources, we’ve pieced together this description. The engine has been reported to be similar to the twin turbo V8 in the X5 and X6 M SAVs....
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In hopes of making an impression at the Le Mans 24 Hours, Toyota will be bringing back its hybrid Supra HV-R GT racer. It can be recalled that in the summer of 2007, this V8-powered Supra with front in-wheel motors scored a historic win at Japan’s...
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Ford Motor Co. is preparing to unveil the new Focus, at the Detroit Auto Show next month. It will be Ford’s first global marketing launch of a mass-market car. Instead of using the dozens of various ad campaigns that were used globally when the...
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The first Fiat-derived four-cylinder engine for North America will be built by Chrysler Group at a Michigan factory, according to plans announced by CEO Sergio Marchionne for Fiat’s 1.4-liter “fully integrated robotized engine,” or FIRE....
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Carroll Shelby’s performance-car business will soon change its name from Shelby Automobiles to Shelby American. This is the original banner used by his sports-car business and the historic Le Mans-winning cars in the 1960s. The name change is...
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Audi AG has closed within 44,100 units of Mercedes-Benz in global sales after 11 months. This is a remarkable development considering that a year ago, the gap that separated Mercedes-Benz, a unit of Daimler AG, and Audi, a Volkswagen AG subsidiary,...
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To cope in this crisis, Renault SA has engaged in talks with Daimler AG and other companies about partnerships, according to its Chief Operating Officer, Patrick Pelata. Last Thursday, Pelata confirmed a statement made by Daimler CEO Dieter Zetsche...
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Now that General Motors Co. has emerged from bankruptcy, it seeks to hasten the development of programs that had been put off. Already, GM has scheduled the sale of the next generation Chevrolet Malibu to begin in two years whereas in August, it had...
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