by Paul A. Eisenstein | Apr 9, 2012
Volvo is about to get a helping hand – a big one – from its Chinese parent, Geely Automobile Holdings, which plans to pump $11 billion into the Swedish maker. According to a report in Wirtschafts Woche, the investment is intended to increase Volvo’s presence in the...
by Paul A. Eisenstein | Apr 9, 2012
Pity poor Dan Akerson. He’s delivered the sort of financial turnaround seldom seen in the business world, taking once-bankrupt General Motors to multi-billion-dollar profitability. But that won’t be enough to earn him a pay hike this year, according to the U.S....
by Paul A. Eisenstein | Apr 9, 2012
Hybrid sales have been surging as fuel prices take their latest run towards record levels. But the news might not be nearly as good as it would seem if a new study by R.L. Polk is any indication. Despite previous sales surges tied to past petroleum price hikes the...
by Paul A. Eisenstein | Apr 9, 2012
Potential buyers are getting a first good look at the new 2013 Nissan Altima, this week, at the New York Auto Show where it is making its global debut. Betting show-goers will like what they see – especially the 38 mile-per-gallon highway mileage number — the...
by Paul A. Eisenstein | Apr 9, 2012
It’s been as much a rite of passage as the high school prom, but a new study suggests that young Americans are no longer rushing to get a driver’s license the moment they are eligible – and the Internet may be a major reason for that delay. Even in their 30s,...
by Paul A. Eisenstein | Apr 6, 2012
It’s been a dream that countless visionaries and entrepreneurs have failed to achieve. But five former graduate students from MIT are about to take wing with the world’s first flying car. Make that the first to pass muster and win the necessary approval of government...
by Paul A. Eisenstein | Apr 6, 2012
As a member of the eponymous Porsche family his name was on the door, as it might be said, but it was the cars Ferdinand Alexander Porsche will be remembered for long after his passing, yesterday, at the age of 76. Indeed, the most important of those products only...
by Paul A. Eisenstein | Apr 6, 2012
There’s plenty of talk about small cars at the New York Auto Show, this week, no surprise considering fuel prices are rapidly approaching record levels. But Chrysler’s Ram division is betting even truckers want some good news on the fuel front – and is offering a new...
by Joseph Szczesny | Apr 6, 2012
Daimler AG is doubling down on electric propulsion – and backing its expanding investment in battery technology with the launch of a new charging system that can recharge the batteries for an electric Smart car in as little as one hour, Daimler chief executive officer...
by Bryan Laviolette | Apr 6, 2012
In 2008 when the Detroit Lions were hitting rock bottom, there was little point in talking about Xs and Os because the team was so horrid as to be utterly noncompetitive. It wasn’t so much a football team as just a collection of players brought together by one of the...
by Paul A. Eisenstein | Apr 5, 2012
Toyota plans to hire about 250 engineers to help it continue a shift from global to localized product development. The bulk of those new employees will be based out of the maker’s new R&D center in suburban Detroit, but it will also open a new high-tech facility...
by Paul A. Eisenstein | Apr 5, 2012
It was one of the big mysteries of the 2012 New York Auto Show: what would Toyota name the new full-size sedan it planned to unveil during the annual show’s press days? Ultimately, it was no surprise at all. The new car will stick with an old, familiar nameplate:...
