California Set to Slash Lawmakers' Vehicle Costs in Half, No More Freebies

In an attempt to help reduce California's $26.6 billion deficit, the state's Citizens Compensation Commission has decided that members of the Senate and Assembly who drive state-sponsored vehicles will have their annual vehicle costs cut from $7,453 to $3,600. That boils down to $300 per month for expenses (gas, insurance, etc.), and oh, they'll have to drive their own cars as of December…

California Set to Slash Lawmakers' Vehicle Costs in Half, No More Freebies

In an attempt to help reduce California's $26.6 billion deficit, the state's Citizens Compensation Commission has decided that members of the Senate and Assembly who drive state-sponsored vehicles will have their annual vehicle costs cut from $7,453 to $3,600. That boils down to $300 per month for expenses (gas, insurance, etc.), and oh, they'll have to drive their own cars as of December…

Nissan to Show New Versa and a Motorsports Concept in New York, Infiniti to Announce New Addition to Range

One by one, automakers are revealing their plans for the upcoming 2011 New York International Auto Show. This time we have news from Nissan and its luxury division Infiniti. Starting with Nissan, the Japanese firm will debut a “new compact sedan” and a “new, zero emission motorsports concept”. While we have don’t have any information yet on the concept study, from what we know, the compact sedan

Nissan to Show New Versa and a Motorsports Concept in New York, Infiniti to Announce New Addition to Range

One by one, automakers are revealing their plans for the upcoming 2011 New York International Auto Show. This time we have news from Nissan and its luxury division Infiniti. Starting with Nissan, the Japanese firm will debut a “new compact sedan” and a “new, zero emission motorsports concept”. While we have don’t have any information yet on the concept study, from what we know, the compact sedan

Saved by Antonov: Saab Sells Production Facilities to Russian Banker to Get Cash

The Swedish government offered Saab conditional backing for a deal to free up cash for the company (see previous story here), whose production lines have been stopped for two weeks as Saab didn't pay suppliers. "We have decided to allow the Debt Office to conclude an agreement with Saab," said enterprise minister Maud Olofsson during a news conference on Friday. The government has approved a

Saved by Antonov: Saab Sells Production Facilities to Russian Banker to Get Cash

The Swedish government offered Saab conditional backing for a deal to free up cash for the company (see previous story here), whose production lines have been stopped for two weeks as Saab didn't pay suppliers. "We have decided to allow the Debt Office to conclude an agreement with Saab," said enterprise minister Maud Olofsson during a news conference on Friday. The government has approved a

Saab Roller Coaster Continues as Cash Gets Tight

Saab just can't seem to catch a break. After moving from the General's formerly overcrowded pocket into the hands of Spyker, the once-quirky brand is now doing all it can to bring production back online after failing to pay suppliers. The gist is this: Saab received 400 million Euros (~$580 million) from the European Investment Bank so it could keep on ticking. Sweden guaranteed the loan,

Saab Roller Coaster Continues as Cash Gets Tight

Saab just can't seem to catch a break. After moving from the General's formerly overcrowded pocket into the hands of Spyker, the once-quirky brand is now doing all it can to bring production back online after failing to pay suppliers. The gist is this: Saab received 400 million Euros (~$580 million) from the European Investment Bank so it could keep on ticking. Sweden guaranteed the loan,

Seat to Launch in China in 2012, will be at the Shanghai Auto Show

As part of the VW Group’s strategy to expand its brands into new markets, the German automaker will bring Seat to the Shanghai Auto Show (April 21-28, 2011) offering Chinese buyers their first taste of the Spanish firm’s cars before sales begin with the Leon and Ibiza models in 2012. Read more »

Seat to Launch in China in 2012, will be at the Shanghai Auto Show

As part of the VW Group’s strategy to expand its brands into new markets, the German automaker will bring Seat to the Shanghai Auto Show (April 21-28, 2011) offering Chinese buyers their first taste of the Spanish firm’s cars before sales begin with the Leon and Ibiza models in 2012. Read more »

Aston Martin Enters Indian Market, Opens its First Dealership in Mumbai

British sports car-maker Aston Martin announced its first foray into India’s booming luxury market on Friday with the opening of its first dealership in the country located in the city of Mumbai. India’s car market posted sales of 1.87 million units in 2010 recording an impressive 25 percent increase over the previous year. More importantly for brands like Aston Martin, the premium car sector

Aston Martin Enters Indian Market, Opens its First Dealership in Mumbai

British sports car-maker Aston Martin announced its first foray into India’s booming luxury market on Friday with the opening of its first dealership in the country located in the city of Mumbai. India’s car market posted sales of 1.87 million units in 2010 recording an impressive 25 percent increase over the previous year. More importantly for brands like Aston Martin, the premium car sector

After Tsunami, American Automakers Looking for Home Turf Sales Boost

According to CNN’s Fortune and simple, cold-hearted business logic, now is the prime time for American manufacturers to take advantage of recent catastrophic events and pounce on their home market's consumers. A lack of Japanese parts (or entire vehicles), in conjunction with a strong yen and ever-improving American small cars, has given Ford, GM, and Chrysler a potential sales pick-me-up as we

After Tsunami, American Automakers Looking for Home Turf Sales Boost

According to CNN’s Fortune and simple, cold-hearted business logic, now is the prime time for American manufacturers to take advantage of recent catastrophic events and pounce on their home market's consumers. A lack of Japanese parts (or entire vehicles), in conjunction with a strong yen and ever-improving American small cars, has given Ford, GM, and Chrysler a potential sales pick-me-up as we

Dodge Viper SRT10 ACR Shatters Corvette ZR1’s Record at Miller Motorsports Park [with Video]

The Dodge Viper SRT10 American Club Racer (ACR) broke the production car lap record at Miller Motorsports Park, dipping below the 2-minute mark for the first time ever at the 3.048-mile Outer Course configuration. Dodge driver Kuno Wittmer stopped the clock at 1:59.995, beating the previous record held by Jan Magnussen in a Corvette ZR1 by almost four seconds (2:03.86). Read more »

Dodge Viper SRT10 ACR Shatters Corvette ZR1’s Record at Miller Motorsports Park [with Video]

The Dodge Viper SRT10 American Club Racer (ACR) broke the production car lap record at Miller Motorsports Park, dipping below the 2-minute mark for the first time ever at the 3.048-mile Outer Course configuration. Dodge driver Kuno Wittmer stopped the clock at 1:59.995, beating the previous record held by Jan Magnussen in a Corvette ZR1 by almost four seconds (2:03.86). Read more »

Kia Confirms 2012 Rio Sedan and Hatch, and 2012 Soul Facelift for New York Show

In a move that shows Kia has no intention of letting the momentum it has gained with the launch of seven new products in the past two years fade away, the South Korean automaker confirmed today the world premiere of two new models at the rapidly approaching New York Auto Show (April 22 – May 1). The first global debut concerns the four-door sedan version of the 2012 Kia Rio, which was unwrapped

Kia Confirms 2012 Rio Sedan and Hatch, and 2012 Soul Facelift for New York Show

In a move that shows Kia has no intention of letting the momentum it has gained with the launch of seven new products in the past two years fade away, the South Korean automaker confirmed today the world premiere of two new models at the rapidly approaching New York Auto Show (April 22 – May 1). The first global debut concerns the four-door sedan version of the 2012 Kia Rio, which was unwrapped

European Union Asks Formula 1 to go Electric

In 2006, Al Gore’s An Inconvenient Truth brought global warming to the forefront of the world’s consciousness. Regardless of what end of the spectrum you stand on this issue, you have to admit that it’s real, it’s bad and if we don’t do anything it’s only going to get worse. To me and many others, it’s that simple. So naturally we’re targeting the obvious culprits: Big Mining, Big Agriculture

European Union Asks Formula 1 to go Electric

In 2006, Al Gore’s An Inconvenient Truth brought global warming to the forefront of the world’s consciousness. Regardless of what end of the spectrum you stand on this issue, you have to admit that it’s real, it’s bad and if we don’t do anything it’s only going to get worse. To me and many others, it’s that simple. So naturally we’re targeting the obvious culprits: Big Mining, Big Agriculture