"We feel we could make the car work, but looking at the global austerity measures in place now, it seems the wrong time to launch an 800,000-pound to 1 million-pound supercar."
When Hyundai dealers complained about not having a minivan in 2006, the automaker reached into the corporate pool and re-badged the Kia Sedona, turning into the Entourage. The timing was poor, as minivan sales plummeted across the board. Last year, sales were down 50% on the Entourage to just 8,400 units (Kia sold 27,000 Sedonas in the same period). It was a brutal lesson, but Hyundai's U.S. CEO John Krafcik says the company learned "why you don't do badge engineering." Needless to say, the plug
Jeremy Clarkson has laid to rest rumors that either he or Top Gear itself would not be returning for another season. During yesterday's show, which is the last for the current series, Clarkson said, "Everyone seems to think the programme is finished or that I've left. Well, sorry to disappoint you all but it isn't and I haven't. Top Gear... will be back in the autumn."
A member of the GM Inside News forum posted today that he received an email from General Motors announcing the end of the Monte Carlo. We rang up the General for confirmation and received word that the Monte Carlo is indeed being offed. May 4th will reportedly be the last day you can order a Monte Carlo and production of the car at GM's Oshawa plant in Canada will cease on June 20th. Apparently production of the Monte Carlo is being cancelled to make room for all those extra Malibu orders the au
News of the next generation Pacifica being cancelled and the model dropped from Chrysler's lineup has come to us right out of the rumor mill, albeit from a source we trust. We're told that official word of the Pacifica's fate is forthcoming and could arrive as early as today.
While you may be able to successfully argue that station wagons have made a comeback thanks to such hipster sleds as the Dodge Magnum and SUV-inspired Outbacks from Subaru, the love hasn't spread to the Ford Focus Wagon, which has always been the black sheep of the Focus lineup holding down around 8% of the small car's sales. Thus, Ford announced on its fleet website that it will be discontinuing the Focus Wagon in December. While Ford is actually increasing Focus production as a whole to meet t