China is quickly becoming the biggest car market in the world, but this has led to a pretty major pollution problem, especially around the big metropolitan areas like Beijing or Shanghai.
As such, the government of the country will implement a new set of subsidies and discounts for all future hybrid and electric vehicles. The first stage of the program... ...read the full post
Last week, we talked about a new car safety bill which is currently up for discussion at the House of Representatives. If it will get passed, it will mandate that all new cars should have Event Data Recorders (or simply put automotive black boxes), which need to record events for a longer period of time, not for just five seconds, as is the case now.
But... ...read the full post
General Motors is slowly getting back on its feet and, judging from the fact that it is pumping out new models and that it has paid back the cash loans it received from the US and Canadian governments, things are looking pretty good.
That is why a new report shows that the US Treasury Department, even though it wanted to refrain from messing around... ...read the full post
After the recent incidents with Toyota models and the unintended acceleration issues, the House of Representatives tasked one of its committees to create a new bill which will require automakers to implement even data recorders (aka black boxes), as well as other safety features in their future cars.
The bill has now been passed by the committee and... ...read the full post
After General Motors and Chrysler were bailed out by the government in summer of 2009, things have been slowly getting back on track for the two carmakers.
Since then, GM has been riding high as it pushed out new and attractive models, as well as completely paying back the cash loans it received from the US and Canadian government. Meanwhile, at Chrysler,... ...read the full post
China is quickly becoming one of the largest car markets in the world, mostly due to the big number of potential customers.
Seeing as how the market is so large, domestic carmakers have been popping up all over the country (what you see above are just a selection of car logos found in the Asian country). This has now led to over 130 different companies... ...read the full post
After last weekend’s Save Hummer summit, it has been revealed that Illinois Senator Roland Burris will open an official investigation into how General Motors has handled its Hummer brand, especially after the sale talks with China’s Sichuan Tengzhong failed.
It seems that even though GM said it is open to any other bidders, great offers... ...read the full post
The middle of 2009 caught General Motors in a very problematic situation, as it was bailed out by the USA and Canadian governments. It then promised to start fresh, with the main focus being to turn a profit as soon as possible.
So, you would think the company managed to at least refrain from losing too much money after it was bailed out, right? Well,... ...read the full post
As with practically everyone around us, the US federal government wants to “green up” its fleet of vehicles, with the major focus being on decreasing petrol use by 30% until 2020. As such, you can be sure that it is looking into new plug-in hybrids and conventional hybrid models, which offer improved fuel efficiency.
Now that’s not... ...read the full post
Even though Carbon Motors announced its entry into the purpose-built police car market, with the E7 prototype it showcased a few years ago, nothing concrete was heard after that. The recent deal between Carbon and BMW, so that the future squad cars could be powered by the Bavarian company’s 3.0-liter twin-turbo diesel engine, did awake new interest... ...read the full post
Appearing yesterday at a House of Appropriations committee hearing, the US Transportation Secretary Ray LaHood revealed that it might be better for existing Toyota owners to refrain from driving any model affecting by the recent unintended acceleration recalls, and wait until they can get it fixed at the dealership.
“We need to fix the problem... ...read the full post
General Motors has given an early Christmas present to the US and Canadian governments, as it has begun paying back the large sums of money it received from the two entities.
The US government has received $1 billion, while the Canadian one “just” $192 million. The company also highlighted the fact that it wants to pay back all of the money... ...read the full post
The year is coming to a close, and for US automakers General Motors and Chrysler, it’s been one heck of a ride. After paying a heavy toll to the recession, they were forced to seek out a whopping sum of $82 billion in bailout money from the US government so that they won’t be forced to close the doors of their factories.
According to a... ...read the full post
Two of the biggest automakers in the world, GM and Chrysler, were fine with making average cars, while heavily promoting big heavy models which consumed quite a lot of fuel. After the recession hit, things weren’t so pretty and the US government decided to bail out the struggling corporations and task them with making new vehicles which will... ...read the full post
It seems that good news are coming from Detroit and Washington in these past few weeks, as after GM’s flamboyant claim that even though it has recorded a loss, it will start paying back those who bailed it out, Ron Bloom, the chief of the Obama Auto Task Force has revealed that he is quite pleased with what the Italians at Fiat are doing with... ...read the full post