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In a special broadcast to dealers yesterday, General Motors' sales chief, Mark LaNeve, explained that the automaker would buy back unsold new vehicles and parts from dealerships slated to be phased out by the end of 2010, but GM wouldn't pay off dealers for their franchises.As reported earlier this ...

Coinciding with the release of General Motors' Viability Plan, the automaker has disbanded its High Performance Vehicle Operations team, the crew responsible for the line V-series Cadillacs, the Chevrolet Cobalt SS, HHR SS and the V8 ...

Volvo hasn't been doing too hot lately, posting a $1.73 billion loss over the past five years as it flails to find its niche. Sales of almost every Volvo product have declined in 2007, with the S60 falling by 28.1 percent, the XC90 dropping 5.6 percent and the V70 station wagon losing 7.7 percent. ...

With Project Genesis in full swing, new revelations from Steven Landry, Chrysler executive vice president for North American Sales, have shed some more light on the corporate strategy to trim waste and turn the company around. As of now, dealers are under the belief that the automaker intends to ...

The FIA and the teams participating in F1 have agreed to shorten the ban on engine development to five years. The FIA, which forms the rules for Formula One, had previously instituted a freeze on the development of every team's engine program for a staggering ten years in an effort to reduce the ...

click above image to view more angles of this cut-in-half Eagle PremierWe admitted our affection for the underappreciated Eagle Premier a while back, but seeing one irreparably sawed in half still makes us grin. This car was given its unorthodox chop job by California's Premiere Studio Rentals as ...