It is a sad day for Saab, the company had to sell off its company completely over to China’s Pang Da and Youngman companies. Swedish Automobile N.V. and two Chinese automakers Youngman and Pang Da have signed a memorandum of understanding (MOU) for the purchase of Saab and Saab Great Britain for just €100 million, which is approximately about $140 million US. Read the rest of this entry »
The National Highway Traffic Safety Administration (NHTSA) has denied Pagani’s request for an exemption to an advanced airbag system on new vehicles. The guidelines for advanced air bags was established by NHTSA in 2000, which all automakers had to comply with the regulations, but a few low-volume manufacturers like Tesla and Lamborghini were given exemptions. Read the rest of this entry »
This comes as a bad news to those who are planning to purchase an electric car in California. Due to the budget crisis, California is closing its $5,000 rebate program. But there is a bit of a good news, the California Air Resources Board (CARB) is still issuing the $2,500 rebate to the 500 owners of electric cars who are on the waiting list. Read the rest of this entry »
General Motors has just hit a milestone, which it now the first automaker to sell more than 2 million cars in China in just one year. Sales of GM cars had increased roughly about 35 percent during the first 10 months of the year. Read the rest of this entry »
Panasonic announced on Wednesday that it has invested $30 million in Tesla Motors to explore future marketing and sales opportunies for the vehicle battery packs. The investment provides Panasonic a 2 percent share in Tesla Motors. Read the rest of this entry »
October 31st, 2010 was the expiration date for the agreement between General Motors and its dealerships. Pontiac is officially closed its door for good as of yesterday after 84 years in business. Pontiac was formed in 1926 with its down in the 1950 that almost killed it, and had its up when GM engineers took the Tempest and put a powerful V8 engine in it. This started a new generation of sports cars called the GTO in 1960. Read the rest of this entry »
We’ve seen Lexus and Infiniti tried to take on the BMW and Mercedes-Benz with its Lexus IS and Infiniti G. Now, Cadillac is planning to expand its line-up with a new smaller car to take on the BMW 3 Series and Mercedes-Benz C-Class. This small car will be positioned below the Cadillac CTS lineup. Read the rest of this entry »
Mercedes-Benz is releasing its own spy shots of the 2012 SLK testing in the Death Valley, California. One noticeable new feature found on the new 2012 Mercedes-Benz SLK is the Magic Sky Control roof. Read the rest of this entry »
Honda just announced the recalling of 470,000 vehicles in the U.S. due to the failing of the master brake cylinder. Honda is using the same supplier as Toyota for the master brake cylinder part, which Toyota has been recalling 1.66 million of its vehicles worldwide a few days ago due to breakage of the seal in the master brake cylinder. Read the rest of this entry »
Mazda is facing with meeting the emissions standards, and it is not giving up its rotary engine development just yet. It vowed to never give up on its longtime investment of the Wankel engine. “We will never give up,” says Mitsuo Hitomi, general manager of Mazda’s powertrain division when speaking about the Mazda’s future of investment decision towards the rotary engine. Read the rest of this entry »
