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The controversial jobs bank system, which pays laid-off workers nearly full salary and benefits packages will come to a temporary end as the UAW works with the Detroit carmakers to reach a solution to the current financial crisis. Other concessions include revised payments into the union's health care trust fund and potential contract modifications. An emergency meeting held by UAW president Ron Gettelfinger and union local representatives arrived at the new plan to help the carmakers survive the short term. At the same time, the union will begin rallying grassroots and popular support for...
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VW CC Individual debuts in Bologna
The Passat CC made its debut early this year, bringing the four-door coupe profile to a popularly affordable price point for the first time. Now the company has unveiled its Individual package for the CC at the Bologna Motor Show, offering a new dimension of luxury and appearance upgrades to the...
Alex Kaufmann -
GM will decide Saab's fate quickly, Sweden willing to help, but not buy
Yesterday all three of America's major carmakers revealed their future plans to Congress, and a part of General Motors' was the possible sale of Saab. While the brand is still being reviewed, and no decisions have yet been made, GM says it will make the choice to keep or sell quickly. "We will work...
Nelson Ireson -
Cadillac Escalade ESV tops most stolen vehicle list
The Cadillac Escalade SUV is undoubtedly popular with a wide range of people, but especially so with car thieves, who made the 2007 Escalade ESV their number one choice for stealing this year. Meanwhile, the Mercedes Benz E-Class saloon was the least popular with thieves and was 15 times less...
James Martinez -
VW unveils Scirocco 'Study R' at Bologna Motor Show
Volkswagen has taken the wraps off a new design study based on the Scirocco coupe at the Bologna Motor Show, which kicks off in Italy today. Aptly named the Scirocco Study R, the new show car is a preview of a high-performance version of the Scirocco coupe, which is set to arrive late next year as...
Alex Kaufmann -
GM offers to cut brands, salaries and jobs in $12 billion restructuring plan
The Chevrolet Volt captured the mind of the public and the press when it was revealed during the company's 100th anniversary celebrations in September, though even then it was suspected that trouble was brewing for the company. Last month's announcement of an impending cash shortage and this...
Nelson Ireson -
The return trip to Washington by the nation's key automotive CEOs will be a considerably more concrete happening, with real-world plans, hard numbers and specific goals. Ford is the first to announce its ideas for the future, and the plan revealed today offers a goal of profitability by 2011, and battery-powered consumer electric vehicles on the road by 2011. An electric van for commercial fleet use could even be on the street by 2010, according to the new plan, but to bring about the newly accelerated focus on hybrids, electric vehicles and profitability, the company will need an investment...
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Ford CEO to drive Escape Hybrid to Congressional hearings
Last week we reported that executives from the Detroit 3 plan to drive down to Washington for Congressional hearings in some of their most fuel efficient models, rather than taking their expensive corporate jets as they had done for the last round of hearings. Ford has now announced that its CEO...
Viknesh Vijayenthiran -
Lamborghini's unique Miura Roadster for sale
Only one original Lamborghini Bertone Miura Roadster was ever created, and now that special car is headed for sale in Switzerland. The Kidston auction house is offering the car, which was originally designed as a pure exercise in aesthetics to preserve interest in the Miura Coupe. A special feature...
Nelson Ireson -
Ford considering Volvo sale, joins GM to ask Sweden for aid
General Motors has disavowed selling any of its brands but Hummer, but tough financial and market situations are bringing serious pressure to bear. Just this morning, Ford has announced it is opening up consideration of 'strategic options' for its Volvo brand, reversing repeated denials that the...
Alex Kaufmann -
Ex-Pininfarina Designer Takes Head Job At Stile Bertone
Italy's place in the automotive design business is legendary, inspiring passion for cars in generations of people all around the world via cars from Ferrari, Lamborghini, Lancia and Alfa Romeo and more. Both Pininfarina and Bertone have spent time at the leading edge of design, and Jason Castriota...
Ralph Hanson -
Jaguar-Land Rover sheds 850 jobs, remains in aid talks
Since Tata purchased Jaguar and Land Rover from Ford earlier this year, things have been looking decidedly up for both brands. Jaguar even posted its first sales increase in two years in May, largely as a result of the successful XF debut. Now, however, the realities of the global economy are...
Kenneth Hall -
The heads of the Detroit 3 headed to Washington earlier this month in the hope of securing a second emergency aid package to supplement the previously earmarked $25 billion for more efficient vehicles to meet looming CAFE regulations. Unfortunately for the carmakers, top Democratic legislators, including House Speaker Nancy Pelosi, rejected the proposed bipartisan compromise that would have provided the additional funds. Now the car chiefs will be headed back to Washington December 5 to present their case once again. The House Financial Services Committee will hold a hearing beginning at...
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Cerberus accuses Daimler of fudging Chrysler’s numbers
Cerberus Capital Management has accused Daimler AG of misleading them about the true value of Chrysler before selling the American private equity group a majority holding in the Auburn Hills carmaker. At this point in time, Cerberus owns 80.1% of Chrysler and Daimler owns the remaining 19.9%, and...
Ralph Hanson -
Volkswagen accelerates development for new minicar
A number of major design and requirement changes had pushed back development work on a production version of last year’s up! minicar concept well past the 2010 mark, but with the accelerated change in demand for smaller and more fuel-efficient vehicles Volkswagen is speeding up the...
Alex Kaufmann -
Heffner Performance Camilo Pardo Ford GT tops 900hp
Camilo Pardo, the chief designer of the Ford GT project for the Blue Oval, is a top name among those in the know on cutting-edge automotive design, and he's teamed up with Heffner Performance to create a monstrous custom Ford GT. The special edition car, sold moments after its reveal, cranks out...
Ralph Hanson -
Report: Volkswagen to replace Golf R32 with new Scirocco R20T
Volkswagen first hinted at a new high-performance version of the Scirocco coupe when it revealed the GT24 race concept back at the Austrian Wörthersee Tour tuning show in May, but in what form the car will finally come to production is still up in the air. The most likely scenario will see it come...
Alex Kaufmann -
Porsche buys a Tesla Roadster for competitive research
Researching the products of competitors, even to the point of purchasing and then carefully analyzing each piece, is a common practice in the auto industry, especially so at the bleeding edges of performance and technology. Porsche's purchase of a Tesla Roadster is therefore unsurprising, except...
Alex Kaufmann -
Finland is known throughout the motorsports world for its production of some of the all-time greats to ever step behind a wheel, but also for its treacherous and enticing roads. Bentley will be capitalizing on both factors in February and March 2009, when it begins its 'Power on Ice' driving experience, which puts drivers on a frozen Finnish lake with 560-610hp (418-455kW) Continentals. That much power in a rear-drive car is sure to make for some powersliding excitement, and Bentley hopes students of the school wil come away with a new appreciation for the cars. With temperatures commonly...
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Ford tops IIHS safety results, Lexus and Infiniti miss out
The Insurance Institute for Highway Safety (IIHS) today released its annual list of vehicles that had earned the agency’s coveted 'Top Safety Pick' award, revealing that some major milestones had been achieved. According to the president of the IIHS, Adrian Lund, "Top Safety Pick winners are...
James Martinez -
Carmakers planning eco-caravan to D.C. for next round of talks
Barack Obama has backed Congress' decision to delay a decision on additional auto industry loans, urging the carmakers to have a clear plan when they return to Capitol Hill in December, and the carmakers are already reportedly planning to show up in dramatic style, forming a caravan of Detroit's...
Nelson Ireson -
Zwickenpflug reveals 445hp BMW M3 'Leather Edition'
Though BMW's latest 3-series treatment is something of a love-it-or-hate-it design, the gang at Zwickenpflug are decidedly in the 'love it' camp, leaving their customized car's exterior almost completely untouched. Inside, there's a score of changes, and the engine even gets some tweaks to boost...
Alex Kaufmann -
Amosu unveils diamond-encrusted Lamborghini key fob
British company Amosu Luxury has revealed another diamond encrusted key fob, this time for Lamborghini vehicles. Previously the company released a diamond encrusted key fob for Bentley, however this time the use of diamonds is even more extravagant. While the Bentley fob featured a total of 101...
Jeremy Weber -
Fisker picks GM Ecotec engine for Karma plug-in hybrid
The Fisker plug-in hybrid saloon has officially been revealed. Click here for all the details and images. Fisker announced today that it will be using General Motors' engines in its upcoming Karma plug-in hybrid vehicle, which will have a 50-mile electric-only range before the internal combustion...
James Martinez