cars
North Korean Military Drivers Busted For Car Theft Ring
A brigade of drivers for the North Korean military have been arrested for stealing vehicles belonging to the military and selling them off for parts so that the drivers could keep their own personal vehicles running and filled with gasoline. According to the blog DailyNK, the stolen vehicles were used to transport people and cargo…
Scion FT-S Now Tipped as Official Prodction Name of FT-86
Toyota is preparing to showcase a second FT-86 Concept at the upcoming Geneva Auto Show, but that car is likely to arrive as a Scion in North America. Previously reported to wear the FR-S badge, the fan site Toyotobaru is claiming a name change to FT-S after word from a recent Toyota executive meeting. Pricing…
Honda Dismisses Threats From UAW
Even though Toyota saw its dealerships and other facilities picketed by UAW members in 2010, Honda is taking a tough stance on any interference by the United Auto Workers, with John Mendel, Honda‘s executive vice-president, dismissing them in a speech made on Tuesday. “The union announced that they’re going to target the operations of international…
Car and Driver, Road & Track, Sold To Hearst Publishing For $889 Million
Two mainstays of the buff book world have been sold as part of a package deal, after their parent company, French publishing giant Lagardere, dumped a variety of print properties, including Car and Driver as well as Road & Track. In a shedding of properties that Lagardere no long deems “strategic”, the two magazines, as…
Volkswagen To Create Sub-Brand For China
Following the lead of General Motors, Honda and Nissan, Volkswagen is looking into creating a sub-brand for the Chinese market, which would sell ultra-affordable compact cars in the world’s biggest auto market. “A local brand is our opportunity to participate in segments where Volkswagen is not represented yet,” said Volkswagen China’s CEO Wolfgang Neumann, in…
Fiat Looking To Increase Stake In Chrysler Ahead Of Possible IPO
Fiat is looking to up their stake in Chrysler from 20 percent to over 50 percent, according to reports in the Detroit News. Fiat was awarded a 20 percent stake in the company as part of Chrysler’s bankruptcy proceedings in 2009, and can increase its ownership as it passes a series of milestones. Marchionne also…
Hyundai Success Story Continues as Sonata Sales Hit Record High
There was a time when Hyundai was a back-marker among car companies, and not very highly respected among buyers. Those days are well behind them now as they keep posting record sales year after year. 2010 will go down as an exceptional year for this South Korean manufacturer, as it sold over 200,000 units of…
AutoGuide’s Matt Farah To Host TV Show With Adam Carolla, Dan Neil On SPEED
Matt Farah, host of The Smoking Tire and an AutoGuide contributor, has been tapped to host a new SPEED channel show featuring comedian and car buff Adam Carolla, Pulitzer Prize-winning journalist Dan Neil and former NBA player John Salley. Carolla, who was once tapped to host a stillborn version of Top Gear USA, will head…
Lexus Driving Simulator On Display In New Commercial
Lexus‘ giant egg-like monolith isn’t some weird monument to quality control or reduced NVH. The big white orb is actually a very advanced driving simulator, complete with an LS460 that can rotate 360 degrees. Giant screens can simulate a wide variety of conditions so Lexus test drivers can perform tests in a safe environment with…
Gen Y Disinterested In Buying Cars And Driving
We’ve been seeing a glut of stories lately about Generation Y and their increasing distance from the automobile. A new study shows that while Generation X made up 21% of the miles driven in 1995, Generation Y made up only 14% of them in 2010. The usual reasons have been trotted out, like the economic…
Gaza Gets First Car Shipment Since 2007
The Gaza Strip has received its first car shipment in three years, after an economic blockade left the territory devoid of goods like cars, unless they were smuggled in via illegal tunnels originating in Egypt. The cars, mostly Hyundai and Kia models, are a mixture of new and used models that have come from Israel….
Lotus 125 ‘Ultimate Track Car’ to Debut at Pebble Beach Alongside Elise SC RGB Edition
Lotus will make three vehicle debuts at this year’s Pebble Beach Concours d’Elegance, including the world premiere of an all-new track car, which will carry the 125 name. No details about the 125 have been provided, but judging from past Lotus models it’s likely a more hard-core version of the 2-Eleven, or a 2-Eleven style…
Volvo Sale To Geely Completed
Geely has officially purchased Volvo, the iconic Swedish automaker, from Ford, in a rumored $1.8 billion transaction. As part of the deal, Ford will continue to supply powertrains and other components for an unspecified amount of time, while both companies have mutually agreed to safeguard each other’s intellectual property. Stefan Jacoby, formerly head of Volkswagen…
Formula Drift Presents Live Streaming of all 2010 Events
All forms of motorsports – take note! Formula Drift, in association with YoParts.com has successfully launched the first ever full live streaming of their events to the world. Other sanctioning bodies have tried this in the past, but with hardly any sort of success. Needless to say when they first told us about Driftstream 2010…
Report: Honda Gives Green Light to Second Generation Element
The Element, the ugly duckling of the Honda lineup, will live on for a second generation. According to a report by Automotive News, Honda VP John Mendel has confirmed that despite the car’s underachieving sales numbers there are good reasons to introduce a modernized version of the functional box. The largest argument for keeping the…
Report: New Cash for Clunkers Results List Two Trucks Amongst Most Popular Purchases
When the U.S. government first released its list of the most popular Cash for Clunkers vehicles traded in as well as those purchased there seemed to be no surprises. It looked like consumers were getting rid of their Ford Explorers for Priuses. But after taking a longer look at the data, it seems that might…
Report: Toyota Corolla Tops Cash-for-Clunkers Purchase List
With the Cash-for-Clunkers program officially ending last night, the U.S. Department of Transportation has now released its top 10 list of the most purchased vehicles under the program, with the most popular car purchased being the Toyota Corolla. Toyotas actually took three of the top 10 spots, with the Camry placing third and the new…
Report: Fords Fill Five of Top 10 Spots on Clunkers List
The four-wheel-drive Ford Explorer topped the list of clunkers traded in under the Car Allowance Rebate System. Ford vehicles appeared five times on the Cash for Clunkers top ten trade-in vehicles list released by the U.S. Department of Transportation. The four-wheel-drive Explorer was number one with the two-wheel-drive version at number four. The Ford F150…
Report: Cash for Clunkers Program Results in 690,114 Deals Worth $2.88 Billion
The Cash for Clunkers program has come to an end and its impact can now be evaluated. According to U.S. Department of Transportation, dealers submitted 690,114 transactions under the Car Allowance Rebate System (CARS), more commonly known as Cash-for-Clunkers. Those rebate applications account for $2.877 billion out of the $3 billion approved by Congress. That…
Report: C7 Corvette Due Out in 2012
Earlier this week GM laid out it’s two-year-plan at a product and technology event, with the focus being on new Buick and Cadillac models and, of course, the 230 mpg claim for the Chevrolet Volt. But there was another tid-bit of info in that two-year-plan on another highly-anticipated Chevy… the C7 Corvette. Initially the next…
Report: Obama Signs $2 Billion Cash-for-Clunkers Extension
A week after reports that the original $1 billion allocated for the Cash-for-Clunkers program was running low, President Obama today signed into law an additional $2 billion that will keep the program running and fuel a rebounding auto industry. In just two weeks since the original bill was passed the Cash-for-Clunkers or CARS (Car Allowance…
Report: Nissan Improves Fuel Economy To Attract Cash-for-Clunkers Buyers
With the U.S. government’s Cash-for-Clunkers rebate now available, Nissan is improving the fuel-economy of its cars to increase the chances that you’ll qualify for the full $4,500 at one of its dealerships. The CARS (Car Allowance Rebate System) program works by giving a $3,500 or $4,500 voucher towards a new car when it gets 4…
Breaking: Cash-for-Clunkers Program to be Suspended as Funding Dries Up
If you’ve been trying to decide whether or not to trade in your gas guzzler on a new fuel-efficient model and cash in on the government’s $4,500 CARS rebate, you’ve waited too long. The program, funded with 1 billion dollars of tax payers’ money is already running low – just six days after the…
Report: Cash-for-Clunkers Trades Account for 7% of Hyundai Sales in First Week
Hyundai is the first automaker to start accepting trade-ins under the pending Cash-for-Clunkers legislation, and during the first week of trade-ins CARS (Car Allowance Rebate System) rebates have accounted for seven percent of all sales for Hyundai Motor America. While the Cash-for-Clunkers incentives have yet to be finalized by the U.S. government, automakers have been…
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