by Ken Zino | Jan 26, 2010
Opel CEO Nick Reilly today named a new member to Opel management. Effective February 1, Volker Hoff has been appointed Vice President, Government Affairs, for Opel. In this capacity, Hoff will report to Reilly and succeed Tayce Wakefield who is retiring from the...
by Paul A. Eisenstein | Jan 26, 2010
A last-minute reprieve has saved the long-struggling Saab, the Swedish brand parent General Motors was in the process of “winding down.” The purchaser is the unlikely Dutch luxury sports car manufacturer, Spyker, which sees the acquisition as a way to...
by Ken Zino | Jan 26, 2010
Trading in shares of Spyker stock was stopped in Amsterdam, Netherlands, this afternoon as speculators continued to bid up the price of the tiny sports car maker for the ultra rich. Yesterday, Spyker shares increased by more than 75% on rumors that it was close to...
by Paul A. Eisenstein | Jan 26, 2010
Following up on hints offered earlier in the month, Ford Motor Co. officials have announced they’ll be adding 1,200 new jobs at an assembly plant on the outskirts of Chicago. Already building the latest version of the Taurus sedan, Ford’s Chicago Assembly Plant will...
by Ken Zino | Jan 26, 2010
In a publicity stunt that attempts to prove a point about biofuels made from waste, a Chevy fueled with the byproducts of government office paper and cardboard will appear on the streets of Washington D.C. today. A small company called Novozymes has collaborated with...
by Ken Zino | Jan 26, 2010
Electric vehicle manufacturer Think will announce later today that it will join with AeroVironment, Inc. (NASDAQ: AVAV) to jump-start the fast-charge infrastructure in the United States. The announcement will come at a 15-minute news conference at the Washington Auto...
by Paul A. Eisenstein | Jan 26, 2010
A class action lawsuit seeking $750 million in damages has been filed on behalf of 215 Canadian auto dealers terminated by GM as it reorganized last year under the threat of bankruptcy. The suit was filed in the Ontario Superior Court of Justice and claims that GM of...
by Paul A. Eisenstein | Jan 26, 2010
With battery technology likely to play an increasing role in the auto industry, General Motors will invest $246 million to set up a plant producing the motors needed to run tomorrow’s electric vehicles, the company plans to announce at this week’s Washington Auto...
by Paul A. Eisenstein | Jan 25, 2010
They have until midnight to file their claims, and General Motors’ new, full-time CEO expects there’ll be some more dealers rushing in to demand aritration before time runs out. But as of mid-afternoon Monday, more than 1,200 ousted GM and Chrysler dealers have taken...
by Ken Zino | Jan 25, 2010
Toyota Motor Corporation remains the world’s largest automaker, according to sales data released today in Tokyo. Vehicle sales for Toyota and its affiliated brands, including Lexus, Daihatsu and Hino, totaled 7.81 million vehicles worldwide for calendar year 2009,...
by Paul A. Eisenstein | Jan 25, 2010
Even the windstorm that flattened two tents, damaging 100s of classic cars waiting to go on the auction block couldn’t dampen the enthusiasm at what has become the biggest week of the year for collectors who gathered in the tony Phoenix suburb of Scotsdale, over the...
by Henny Hemmes | Jan 25, 2010
While the 3-Series may be BMW’s “bread-and-butter” car, accounting for the lion’s share of its sales, the 5-Series is the brand’s soul, the fulcrum of the Bavarian’s balancing act of passionate performance and luxury. So, we jumped at the chance to get behind the...
