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Electric

Report: Tesla readying IPO

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In a move that could make it the first American automaker to go public in over half a century, Tesla Motors, the California-based electric car startup, is said to be preparing an IPO filing. To date, the company has received $268 million in venture capital, a $50 million investment from Daimler, and a $465 million loan from the U.S. Department of Energy.

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Chevrolet News

Chevrolet’s Spark to land in the US

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After flip-flopping on their decision to bring the new microcar to the US market several times, Chevy is now claiming that the US market will likely see the Spark in 2011.

Crossover

Review: 2010 GMC Terrain SLE-2 FWD

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We first saw it at the New York International Auto Show. Looking every bit the part of a cast member from the Mad Max movies, the GMC Terrain seemed like a futuristic armored car with hidden panels that would cover the tires and wheels in case of attack. Mr. Brinks, Mr. Wells and Mr. Fargo: Your vehicle awaits.

Volkswagen News

VW buys Karmann

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Confirming earlier reports, Volkswagen announced on Friday that it will buy assets of German coachbuilder Karmann. Volkswagen also announced that its new Karmann subsidiary will produce at least one new model for the German car maker.

Coupe

Leaked patent reveals new Ferrari door design

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Lamborghini has the scissor door, Lincoln popularized the suicide door and Ferrari may soon have a unique door design of its own. Leaked patent drawings from Europe have revealed the Italian automaker is readying a new door design to aid in ingress and egress.

Hatchback

Lexus LF-Ch U.S.-bound?

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Following the most recent trend in the luxury segment, Lexus could be planning a compact mode for the United States market. If Lexus goes ahead with the compact model, it will likely be based on the LF-Ch concept first shown at September’s Frankfurt Motor Show.

General Motors News

Report: Each Saab sale loses GM $5,100

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It’s no secret that General Motors has never made a profit on its Saab brand, but the amount of money GM has lost on the Swedish brand is quite astonishing. General Motors became the sole owner of Saab’s automotive operations in 2000.

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Convertible

Illustrated: Toyota FT-86 convertible

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As reported a few weeks ago, Toyota is believed to be working on a convertible version of its FT-86, the long-anticipated Subaru joint-venture sports car unveiled in concept form at the Tokyo Motor Show. Our team has since put together an illustration of what such a vehicle might look like.

Convertible

Microsoft taps Tesla Roadster for in-game sound effects

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The Tesla Roadster is the ideal vehicle for any environmentally-conscious driving enthusiast, but the EV is also proving to be a perfect fit for the video game world. Thanks to its silent operation, Microsoft Game Studios has selected the Roadster as its sound effects generator of choice.

Acura News

Acura prices 2010 ZDX crossover from $45,495

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Acura’s new ZDX “four-door sports coupe,” as the company chooses to call it, will be priced from $45,495 plus destination when it goes on sale on December 15. Three trim levels will be available: The base ZDX, ZDX Technology Package and ZDX Advance Package.

Citroen News

Report: Citroen Revolte concept to make production as DS2

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Attempting to follow in the success of other retro hatchbacks – such as the Fiat 500 – Citroen will produce a new-age version of its iconic 2CV, a new report finds. The new model will be largely based on the Revolte concept that made its world debut at September’s Frankfurt Motor Show.

Jeep News

Jeep to recall 161,000 Wranglers to retrofit “Hot Oil” warning

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The National Highway Traffic Safety Administration and Chrysler are recalling 161,450 2007 and 2008 model year Jeep Wranglers with automatic transmissions over a transmission fluid temperature warning system that was not activated on the vehicles.

High-Performance

Spyker to relocate assembly plant to United Kingdom

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Premium Dutch sports car manufacturer Spyker announced this morning that it plans to relocate its small assembly plant from Zeewolde, Netherlands, to Coventry in the United Kingdom to be closer to its contracting partner and supplier CPP Manufacturing Ltd.

Audi News

Audi to unveil 2011 A8 on Nov. 30

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After pulling its flagship sedan from the Frankfurt Motor Show, Audi will finally unveil the 2011 A8 at Design Miami on November 30. A few days after its official reveal, the 2011 Audi A8 will make its first public appearance at the Los Angeles Auto Show.

Chrysler News

More than 100 Chrysler dealers struggling with GMAC financing

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Chrysler purged a massive number of its North American showrooms earlier this year as part of a company-wide restructuring effort, and now up to 100 additional dealers might be forced to close their doors if they can’t reach financing deals with GMAC Financial Services.

Chrysler News

Former auto czar envisioned replacing Chrysler management

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Speaking at a forum about the global auto industry, former auto czar Steven Rattner said publicly for the first time that a major aim of Chrysler’s restructuring plans was to replace the management team.

General Motors News

GM calling for 4th straight month of improved U.S. market share

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With momentum on its side, General Motors is calling for its fourth straight month of increased U.S. market share. GM’s market share has been on the rise since July, capped off by the automaker’s first year-on-year sales increase since January 2008 last month.

General Motors News

GM to detail Opel turnaround plan next month

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Following its cancelled sale of Opel to Canada’s Magna International, General Motors will present its turnaround plan for the ailing German car maker next month. Several European countries – including Germany and Spain – have requested GM to explain its plans for Opel going forward.

Ford News

Former Ford employee arraigned over trade secret theft

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After allegedly stealing trade secrets valued at $32 million and attempting to sell them to Chinese competitors, Xiang Dong Yu was arraigned today in a US District Court.

Coupe

Ferrari readying high-performance 599 GTO?

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Any Ferrari model is top-performer straight from the factory, but the Italian automaker is reportedly readying any even hotter version of its 599 GTB Fiorano. The high-performance model is said to be based on the 599XX show car that debuted at last year’s Geneva Motor Show.

 
 
 
 
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