The U.S. Treasury has begun a sale of its remaining stake in General Motors, with a goal of selling its remaining shares by March 2014. Currently, the government owns more than 300 million shares in the auto maker, equivalent to a 19 percent stake.
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Even though we’re subjected to relentless claims that the golden age of automobiles has long passed us, I can think of worse things than a 900-horsepower supercar with C02 emissions comparable to a Scion FR-S.
If Elon Musk is still smarting about how much damage the New York Times has done to Tesla, the fledgling automaker can take comfort in the fact that the positive reviews are still pouring in.
GM’s CEO Dan Akerson asked for a big raise. He thinks his work at GM is worth a paycheck of $11.1 million this year, up 20 percent from last year, Reuters reports, citing documents. The embarrassing part: Akerson and GM have to ask its white House sugar daddy for approval.
As part of GM’s government-funded bailout, the salaries of GM executives must be authorized by a special paymaster from the federal government. The request for a raise comes at an inopportune time. Read More >
The Tesla vs. New York Times controversy has finally left the news cycle, forgotten in less time than it takes a Model S to juice up at a Supercharger station. Meanwhile, BMW is ready to introduce its new range of “i” vehicles, which will conveniently dodge the whole question of range anxiety.
Select European outlets were invited for ride-alongs in BMW’s new i3 city car and i8 supercar. The impressions gleaned from ride-alongs are generally next to worthless, but the technology being used by BMW is worth examining. Rather than a pure EV, BMW will be adopting a three-pronged approach – a pure EV, a range extender and a plug-in hybrid.
Myanmar was once a pariah state known for its brutal military government and mistreatment of human rights activists like Aung San Suu Kyi. But democratic reforms and an easing of trade sanctions by Western governments means that doing business in Myanmar is now feasible – and GM is the latest automaker looking to establish a footing in the Asian country.
The revived Datsun brand will get its first plant in India. Renault-Nissan announced plans for a new factory in India, and will invest 250 million euros to build the plant.
Max Warburton and his team. Warburton, of Bernstein Research, assembled a team to interview over 40 auto executives in China (both Chinese and foreign-born) and even bought two Chinese vehicles from Geely and Great Wall. Warburton had them shipped to Europe, where they were taken to a test track, driven extensively and then taken apart by engineers and automotive consultants. And it was far from pretty.
Remember the Jeep Cherokee rendering we posted last month courtesy of Car and Driver? Well, we had it on good authority that the rendering was very accurate. Turns out our sources were right. Jalopnik has photos of the new Jeep Cherokee undisguised and it is dead on. The styling is polarizing, to say the least. Some day it looks like a Jeep Juke, but I see more Cayenne.
Is Hyundai eyeing PSA’s compressed-air hybrid system? If you believe the scuttlebutt out of France, the answer is yes.
We’ve discussed the importance of scale countless times on this website. La Tribune takes a brief look at Ford, Volkswagen and PSA and the different ways they are working to achieve economies of scale in one of the toughest markets in the auto industry; the C-Segment.
Until the research arm of TTAC gets more funding, we’ll have to rely on data from third-parties like J.D. Power. The venerable outfit recently compiled a list of the Top 10 cars with the highest percentage of Gen Y buyers. The results aren’t entirely surprising.
Afew years after its debut in concept form, Volkswagen is readying the ultra-efficient XL1 on a limited production basis. The XL1 could cost as much as 70,000 pounds (or $106,000), and return as much as 314 mpg (according to European test protocols).
Tesla Motors Inc. released its Fourth Quarter & Full Year 2012 Shareholder letter on Wednesday. While the letter provides a very positive outlook for Tesla’s future, there are some questions looming in the background once we dig deeper into Tesla’s balance sheet.
A parts shortage has resulted in a shutdown at Chrysler’s Windsor Assembly Plant, home of the Dodge Grand Caravan and Chrysler Town & Country.
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