GM announces plans to build new small car in U.S. – but which one will it be?

Filed under: Economy, Plants/Manufacturing, Chevrolet, GM

2010 Chevy Spark – Click above for a hi-res image gallery
General Motors has issued a cryptic press release suggesting it plans to retool an existing plant here in the United States to build a new small car. No specifics are given on what small car this may be, as the [...]

REPORT: Koenigsegg a finalist in bid to buy Saab

Filed under: Euro, GM, Saab, Earnings/Financials, Rumormill

In a brief article on its website, the UK’s Channel4 says that a Swedish newspaper, Dagens Industri, is reporting that supercar maker Koenigsegg is in the running to purchase either a stake in Saab, or the whole kit and caboodle.
According to the report, Koenigsegg is reportedly a front-runner to [...]

BREAKING: BBC says Magna has agreed to take majority stake in Opel from GM

Filed under: Trends, Euro, Government/Legal, GM, Earnings/Financials, Opel

According to the BBC News, supplier Magna International has come to terms with General Motors to purchase a majority stake in its European Opel division. While an agreement has been reached between the two parties, the German government – which has agreed to provide financial assistance for Opel [...]

2009 Sneak Preview: New and Future Porsche Cars

2009 Sneak Preview: New and Future Porsche CarsThat gnashing of teeth you hear is the Porsche faithful agonizing over another deviation from sports cars.
Just like you, we always want to know what’s coming next from Detroit, Tokyo, Stuttgart, Munich, Los Angeles, and all the other places where automotive engineers and designers dream and scheme on [...]

2009 Sneak Preview: 2010 Lotus Evora

2009 Sneak Preview: 2010 Lotus EvoraWith the Evora, Lotus expands from track-day toys like the Elise and the Exige into the realm of the high-performance GT.
With the Evora, Lotus expands from track-day toys like the Elise and the Exige into the realm of the high-performance GT. Although the Evora follows recent Lotus practice by using [...]