In a farewell letter sent to customers, Ralliart announced today that it is going to close its doors as of March 2010.
“Because of the sudden change of economy situation since the year before last, the business circumstance surrounding our company radically became worse and so, this time we have reached the conclusion that we Ralliart [...]
According to a report by Swedish financial daily Dagens Industri, Chinese automaker Geely has reportedly obtained financing for its long-overdue purchase of Volvo from FoMoCo. The report says that financing was concluded in recent days and the money is now in Geely’s bank account.
Geely will reportedly cash out about $2 billion for the Swedish brand. [...]
Chrysler announced today that it has appointed Laura J, Soave to serve as the Head of the Fiat Brand for North America. Chrysler said that Soave will lead the reintroduction of the Fiat Brand in North America, which will begin with the Fiat 500 – meaning we will most likely see other Fiat models make it [...]
At the NTEA Work Truck Show today, Nissan unveiled the new 2011 Nissan NV (Nissan Van), its first production commercial vehicle for the North American market.
The first production commercial vehicles from Nissan in North America will consists of the 2011 Nissan NV1500, NV2500 HD and NV3500 HD. All will be available with a choice of 4.0L [...]
While Toyota’s recent issues might at first seem to be a reason for Ford, GM, and Chrysler to pop the champagne, there are those in Detroit who are privately in fury over what is perceived as calculated and misleading attempts by Toyota’s PR people at trashing the quality of records of the American manufacturers in [...]
According to an analysis by Maritz Research, an automotive market research company, Cash for Clunkers was far more successful than previously estimated. Government records indicate a total of 677,000 vehicles moved under the program, and Maritz says that 542,000 of those sales were to consumers who would not have purchased but not for the [...]
China’s auto-industry is certainly not feeling the same hurt that other market’s auto-industries are feeling; February’s passenger car sales were 55 percent greater than a year previous. The Chinese car market has been booming, as China has overtaken the U.S. as the world’s largest. Aggressive consumer spending, and policy incentives have helped fuel [...]
Infiniti announced today that it will offer four new G Anniversary Editions to celebrate 20 years of selling vehicles in the United States.
“These unique and very limited editions represent what Infiniti is all about – Inspired Performance,” said Ben Poore, vice president, Infiniti Business Unit. “Building on the popularity of the Monaco Red Leather and [...]
Toyota has confirmed that it will expand its November recall to fix all U.S., Tundra pickups for the 2000 to 2003 model year. The recall addresses a risk that part of the truck’s frame could corrode, causing the spare tire or the gas tank to drop on the road.
Originally, Toyota had recalled 110,000 Tundras in [...]
Getting the road-only Corvettes closest to their Corvette track-only siblings seems to be Chevrolet’s main goal. In 2006, the Corvette Z06 was introduced as the closest connection to the Corvette race cars ever. Of course, then came along the Corvette ZR1 and closed that gap even further. Today, Corvette continues its track-to-street transformation with the [...]
