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REPORT: GM ups its ante in GM Daewoo

GM Daewoo has four shareholders: GM, Korea Development Bank, Suzuki Motor Corporation, and Shanghai Automotive Industry Corporation. When GM Daewoo put out a rights issue, only one of the four took the bite: GM, which made it rain to the tune of $412 million and raised its stake from 50.9. Neither GM's move nor the non-interest of at least two other parties is surprising. SAIC is still gun shy about certain investments after the Ssangyong debacle, while Suzuki is more concerned with being courted by VW and the Kizashi's fate in the U.S. ... Read more →

REPORT: Mitsuoka to offer unique rental cars in Japan, also plans to sell in China Jonathon Ramsey

Mitsuoka, the Japanese car company whose mission seems to be hoarding all the ugly in the entire world and using it to design automobiles, will expand into Japan's rental car market and offer its ...

Aim Higher: GM Daewoo reportedly suing TagAZ over fears they are planning to copy the Lacetti Jonathon Ramsey

In what looks like a serious-but-probably-the-norm case of industrial espionage, General Motors' South Korean Daewoo division is reportedly alleging that the Russian automaker TagAZ has tried to ...

Carb Control: Asian chefs create unreal life-size F1 car from bread Jeremy Korzeniewski

digg_url = 'http://digg.com/food_drink/Asian_chefs_create_unreal_life_size_F1_car_from_bread'; We know what you're thinking, and we agree – if there's one thing that we just can't seem to ...

Korean police to storm Ssangyong factory occupied by fired workers? Jonathon Ramsey

Earlier this year, when Ssangyong was allowed to continue as a going concern, the company had to let go of around 900 workers. Those workers (above) then effectively said "all your factory are belong ...

Ssangyong preparing to lay off nearly 40% of workforce by end of June? 7 months ago on Autoblog

Ssangyong Motor Company is still struggling to gain traction after it ceased production late last year and slipped into receivership earlier this year. It restarted its production lines in February, but even the company director, Lee Yu-Il, says volume is still far too slow. To deal with matters, ...

Singapore gets special Volkswagen GTI V50 7 months ago on Autoblog

Singapore has been singled out to receive a hotted up version of their Mark V Volkswagen GTI dubbed GTI V50. This gift to the island nation gets upgrades from APR including a Stage 1 ECU tune that adds 36 more horsepower and an additional 74 lb-ft of torque. Also underneath are a VW R32 brakes ...

Spy Shots: A more revealing look at the reportedly U.S.-bound Hyundai Equus 10 months ago on Autoblog

Take a Hyundai Genesis, put it in a giant taffy machine and give it a serious stretch out, add some details like a reshaped rear three-quarter and some Lexus LS exhaust tips, then call it the Hyundai Equus. Oh, and give it a price of 130,000,000 South Korean won (about $93,471 USD). That's about ...

Two more out the door: Meyer and Murtagh leave Chrysler 11 months ago on Autoblog

A little over a year ago, Chrysler was poaching and hiring folks with big brains to be a part of its executive turnaround team. Now a few of those hires, along with the old guard, are walking out the front door. Deborah Meyer came over from Toyota, where she had been VP of marketing for Lexus, and ...

Audi TT, Audi RS4, Audi R8, Audi... mooncake? 1 year ago on Autoblog

Audi has given their customers in China and Hong Kong something they can sink their teeths into. The Mid-Autumn festival, celebrating the maiden in the moon, is accompanied by tasty pastries called mooncakes that people give to each other during the holiday. Audi has baked up a set of treats ...

Ripped-off automotive logos lack innovation 1 year ago on Autoblog

Automakers worldwide spend millions of dollars perfecting and updating their logos. Study groups offer input to help capture that timeless design and color that precisely represents their product. Once approved, the automakers drop tens of millions of dollars into promoting the new look in product ...

Czech Up: Skoda plans its own VW Up! derivative 1 year ago on Autoblog

The Skoda Fabia (not sold in America) is pretty small. It's based on the Volkswagen Polo platform (also not sold in America). But Skoda chairman Reinhard Jung wants an even smaller car based on the upcoming production version of the VW up! concept, and that also won't be sold here in all ...

VIDEO: Cadillac advertising in China 2 years ago on Autoblog

Advertising a product on television can be a very complicated exercise, as each demographic and market get its own specialized message. Many people who travel overseas notice that commercials are peculiar outside their native market, and anybody that sees GM's new Cadillac commercial for the ...

Red Flag: NASCAR goes to China 2 years ago on Autoblog

NASCAR has a solid reputation as a race series firmly entrenched in the southern United States, but has been fighting hard to defeat that image and branch out of Old Dixie. With races lined up in such northern locations as Michigan, Illinois, Ohio, New Hampshire and Wisconsin, NASCAR has long since ...

Jean Alesi fronts new Asian stock-car series 2 years ago on Autoblog

Who ever would have thought a Will Ferrell movie would ever be considered "prophetic," even jokingly? The absurd story of a French racing driver switching over from F1 to stock cars as the last remaining challenge is coming to life again and again. But unlike Jacques Villeneuve (or Colombian driver ...

Dubai company borrows $1.6b to build F1 theme parks 2 years ago on Autoblog

The Emirates are gearing up for the opening of FerrariWorld in Abu Dhabi, but they won't have the monopoly for long, it seems. Union Properties, a real estate development company based in nearby Dubai, has secured the rights from Bernie Ecclestone's Formula One Management to construct a series of ...

Proton recruits expertise from Peugeot 3 years ago on Autoblog

Following earlier reports of talks between the two firms, Malaysian automaker Proton and PSA group (Peugeot/Citroen) have signed an agreement for inter-company collaboration. Proton, which once enjoyed a practical monopoly in its domestic market, is facing higher competition after the Malaysian ...

Nissan and Suzuki expand collaboration 3 years ago on Autoblog

Back in February, we reported on a blossoming friendship between Nissan and Suzuki, which initially saw a modest trade between the two automakers in the form of the 660cc Moco minicar (pictured), built by Suzuki but badged as a Nissan. In exchange, Nissan builds a small number of Suzuki's Jimnys in ...

Toyota expects leaping sales in China 3 years ago on Autoblog

Toyota expects its sales in China to grow by 52 percent this year to 278,000 units, thanks to new models. Sales through June of 2006 were already up 61 percent, and Toyota is ramping up capacity to further grow in the world's second-largest auto market. The company is a few years behind Volkswagen ...






Autoblog Podcast #154: Gobbling up the News

Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.

 
 

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