by Paul A. Eisenstein | Nov 26, 2010
Chrysler and its Italian ally Fiat plan to team up in a European manufacturing venture that will expand the Jeep presence overseas. Sergio Marchionne, who serves as CEO for both Chrysler and Fiat, says his company will invest $1.4 billion in the Mirafiori plant, in...
by Paul A. Eisenstein | Nov 26, 2010
The Chevrolet Volt gets the equivalent of 93 miles per gallon when run in electric-vehicle mode, the U.S. Environmental Protection Agency has declared, and 37 miles gallon when it switches to its onboard gasoline engine. Coming up with a rating for the Volt was a...
by Detroit Bureau | Nov 25, 2010
All of us TheDetroitBureau.com want to wish you a safe and happy Thanksgiving, wherever you might be! We’re letting our team take the day off to celebrate with their family and friends and hope you’ll do the same. Thanks for joining us and look for our...
by Paul A. Eisenstein | Nov 24, 2010
Could the GMC Granite Concept be the shape of things to come in the compact pickup segment? American automakers have walked away from the once huge niche – or at least they will when Ford pulls the plug, next year, on the ancient Ranger. A new Ford bearing that name...
by Paul A. Eisenstein | Nov 24, 2010
U.S. taxpayers have gotten a nearly $12 billion check from General Motors, the proceeds from the sale of 40% of the government’s holdings in the automaker during GM’s IPO, last week. The maker’s return to public trading proved an unanticipated success, with GM and its...
by Bryan Laviolette | Nov 24, 2010
A little inside the NFL, if you’ll indulge: Automakers typically send out well-optioned versions of the cars auto scribes test. There’s a simple reason for that. Carmarkers want us to write about all the bells and whistles so you, the car buyer, to fall in love with...
by Paul A. Eisenstein | Nov 23, 2010
According to Aesop, it took the slow but steady tortoise to beat the hare. Don’t count on it, says Volvo Cars’ news CEO, Stefan Jacoby. In today’s ever more competitive auto market, “the fast ones are eating the slow ones.” Never known for setting a benchmark pace,...
by Joseph Szczesny | Nov 23, 2010
General Motors shares should trade at $36 per share over the next 12 months, according to Standard & Poors, which has re-instituted coverage of GM stock in the wake of last week’s successful IPO. That would be a roughly 10% bump from the maker’s $33-a-share price...
by Paul A. Eisenstein | Nov 23, 2010
When General Motors began testing the market to see who might be interested in buying a plug-in hybrid-electric vehicle, several years ago, “I stood up,” recalls Kris Trexler, a film editor from Los Angeles. Having previously leased GM’s short-lived EV1 electric...
by Paul A. Eisenstein | Nov 23, 2010
General Motors and its affiliate SAIC have pulled the wraps off their newest model. The 630 sedan will go on sale, early next year, as part of the two partners’ new venture, the Baojun brand. At $7,000, the 630 model is being aimed at the next wave of new Chinese car...
by Paul A. Eisenstein | Nov 23, 2010
Saudi Prince Alwaleed bin Talal is now one of the largest shareholders in General Motors. The royal billionaire, one of the world’s wealthiest men, announced through a spokesman that he has invested $500 million in the U.S. automaker which, last week, staged a...
by Paul A. Eisenstein | Nov 22, 2010
Federal regulators want to know whether daily rent-a-car companies may be risking the lives of their customers by delaying repairs for known safety problems in order to keep potentially defective vehicles in circulation. The investigation comes as several rental car...