62 MPG Standard Could Add $10,000 to Cost of New Car

62 MPG Standard Could Add $10,000 to Cost of New Car

With federal regulators studying the possibility of raising the Corporate Average Fuel Economy, or CAFE, standard to as much as 62 miles per gallon, a new study warns that such a move could increase the cost of the typical American automobile by as much as $10,000....
Ford Reveals Aggressive Product Plan for Europe

Ford Reveals Aggressive Product Plan for Europe

Ford is planning to introduce an array of 20 new or significantly freshened vehicles in Europe over the next three years and will use existing plants in Spain, Germany, Romania and Turkey to carry out the plan. The program is designed to help Ford turn things around...
First Drive: 2012 VW Passat

First Drive: 2012 VW Passat

Volkswagen is betting big on the United States, as evidenced by the construction of a brand-new plant just outside of Chattanooga, Tennessee. That plant, which will build the North American version of the new 2012 Passat (Europeans will get a slightly different...
VW May More Than Triple Size of Chattanooga Plant

VW May More Than Triple Size of Chattanooga Plant

If some of the early construction crews were a little nervous when work began on the new Volkswagen plant in Chattanooga, three years ago, they had a good reason.  In an irony not lost on members of the team overseeing the project, the mounds dotting the abandoned...
Nissan May Delay Launch of U.S. Leaf Production

Nissan May Delay Launch of U.S. Leaf Production

Nissan may be forced to delay production of its Leaf battery car at its main U.S. assembly plant in Smyrna, Tennessee, company officials are warning, due to ongoing problems resulting from Japan’s March 11 natural disaster. The earthquake and tsunami disaster that hit...
Honda Forecasts 63% Drop in Profits

Honda Forecasts 63% Drop in Profits

Just days after its rival, Toyota, projected it would see a huge plunge in profits as the result of the March 11 Japanese earthquake, Honda Motor Co. says it also will take a devastating hit to its bottom line, with earnings for the current fiscal year likely to...
Ford Hammered By Investors Over $2 Bil Judgment

Ford Hammered By Investors Over $2 Bil Judgment

Ford Motor Co. is being hammered twice as the result of a judgment on a class action lawsuit filed by a group of commercial truck dealers. An Ohio court has ruled that the automaker will have to pay $2 billion for allegedly failing to give all those dealers the same...
Lotus Delaying Elan, Using Cash to Develop New V-8

Lotus Delaying Elan, Using Cash to Develop New V-8

Little Lotus dropped a bombshell at last year’s Paris Motor Show, announcing plans to roll out five all-new products in quick succession over the next few years.  Power for most, perhaps all, the offerings would come from Toyota, which has had a long-running...