Marc Carter
Chrysler on the Auction Block
According to the U.K.'s Times, U.S. investment bank JPMorgan is preparing to start an auction of the Chrysler Group on behalf of DaimlerChrysler. It was rumored that Hyundai may have been interested in buying the troubled automaker, but those rumors have been denied. That leaves GM as the only company currently interested in acquiring the group (not confirmed). It...
2008 Maserati GranTurismo Coupe
The new 2008 Maserati GranTurismo will debut at the Geneva Auto Show next month. The car will be powered by a 4.2L 400 hp V8. There are also rumors circulating about the car being offered with a 450 hp. There will also be a convertible version, possibly with a retractable hardtop. The car should be in showrooms by this summer....
2008 Audi A5 and Audi S5
Audi will unveil the new 2008 Audi A5 at the Geneva Auto Show next month. The car is larger than the TT coupe and will slot in between the A4 and A6. The car will have the option of a 3.0L V6 or a 3.2L V6. There will aslo be an S5 and RS5. The A5 convertible will also...
Is GM Really Thinking about Buying Chrysler?
Rumors have been circling after DaimlerChrysler said that they were looking at every option necessary after the huge $1.3 billion loss last year (Chrysler Division). A possible de-merger could be on the horizon. Shortly after the announcement Chrysler announced a plan to return the company to profitability by 2008, through large cost cutting measures. But, this may not be enough...
GM and Chrysler working on Large SUV
Chrysler and General Motors are currently discussing the possibility of collaborating on a large suv for Chrysler. The SUV would be about the same size as the Suburban, something that Chrysler is currently missing from their lineup. The talks have been going on for the past 6 months. A partnership with GM would save Chrysler lots of development money. Why...
Dodge Challenger Production Version will Debut next Feburary!
Dodge has announced that the production version of the 2009 Dodge Challenger will be unveiled at the Chicago Auto Show next Feb 2008. The car is also going to be produced at the Brampton, Ontario plant. The Chrysler 300, Dodge Magnum and Charger are also produced at the same plant. Can't wait to see a comparison of the 2009 Mustang,...
Toyota Backlash?
Following their recent successes, the automaker is becoming increasingly worried about a future backlash. According to a presentation by Seiichi Sudo, president of Toyota Engineering and Manufacturing in North America, "We (Toyota) are winning, our competitors are jealous and we are now the de facto leaders of the auto industry." As they continue to take market share from the "Big...
2009 Toyota Blade
Toyota's next Matrix will not be named the Matrix. The automaker is going to target the Mazda 3 five-door for the new car. It will still be based off the Corolla platform, but will adopt the name "Blade" that is currently used in Japan. The car is also rumored to get more power too. Most likely the 2.4L 4-cyl...
DaimlerChrysler De-Merger?
DaimlerChrysler has reported a profit of $7.3 billion in 2006, which is due to the Mercedes arm and the commercial truck division. The Chrysler division lost $1.3 billion last year. This is forcing management to re-evaluate the current relationship. A spin-off is a possibility as the Chrysler Group continues to drag down their profits. The merger that took place in 1998 could come...
Toyota Hybrid X Concept
Toyota will unveil the Hybrid X Concept at the Geneva Auto Show next month. This car gives us a glimpse at what future hybrids will look like from the automaker, specifically the next Prius. The new car will also showcase future hybrid technology. Hopefully it will look better than the boring Prius!!
