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Last week, rumors regarding an upcoming eco-friendly small car from IKEA hit the internet in full force. Sounds pretty crazy, no? As it turns out, the truth is much less interesting than we had hoped. It seems the viral ad campaign that we saw last week for the IKEA Leko is announcing nothing more than a new car-sharing service in France that's set for a proper introduction on Tuesday. A similar program is already available at IKEA locations in Austria.

If we were cynics, we could say that Ford just happened to get stuck in deep doo-doo when America's credit markets were still reasonably flexible. When Ford leveraged all of its assets, right down to its logo, the most difficult part was probably not getting the money, it was probably swallowing its Blue Oval pride. Yet cynics or not, a CEO has to know what to do with said money, and Alan Mulally feels he and his company have done well enough to proclaim "We are competitive now" in a new intervi

Click above for high-res image gallery of the BYD e6

Even in the face of an overall market for SUVs that's seen demand fall by over 50% over the last year alone, Land Rover's top-level Range Rover is keeping the British/Indian automaker afloat. Sales of the Range Rover – which boasts a starting price of $78,525 – are down only 17.8-percent for the first two months of the year. It's the smaller LR3 (down 28%) and entry-level LR2 (down a whopping 57%) that are dragging the automaker's overall sales figures (down 36.6%) into the mud.

Rick Wagoner is no longer CEO of General Motors for two reasons. First, he failed to come up with a plan that satisfied the government that GM would be viable going forward. Two, President Obama needed political cover before he poured more money into the auto industry, a move which is strongly opposed by a majority of Americans.

How does this make sense: ZENN recently announced that company officials had selected a manufacturer to produce a highway-speed electric vehicle, called the cityZENN. Following this, ZENN's stock fell three percent. You'd think people would be happy with an announcement like that.

Click above to view video after the jump

General Motors has been trying to unload its Hummer division for nearly a year now. Despite assertions late last year indicating that it hoped to have the troubled brand off its books for good before 2009 rolled around, we are now nearing the end of the first quarter of '09 and Hummer is still wholly owned by GM.

Last week, rumors regarding an upcoming eco-friendly small car from IKEA hit the internet in full force. Sounds pretty crazy, no? As it turns out, the truth is much less interesting than we had hoped. It seems the viral ad campaign that we saw last week for the IKEA Leko is announcing nothing more than a new car-sharing service in France that's set for a proper introduction on Tuesday. A similar program is already available at IKEA locations in Austria.

Click above for a high res gallery of the 2011 Chevy Volt

Not surprisingly, officials from the Canadian and Ontario governments have followed the U.S. government's lead by officially rejecting the restructuring plans of General Motors and Chrysler. The Canadian officials said the automakers' current plans do not go far enough and will not be certified as they are. In fact, they're basically copying and pasting the new deal for automakers announced by the U.S. government today, saying that GM has 60 days to redo its plan while receiving a portion of the

Geely GE – Click above for high-res image gallery

Click above for high-res gallery of the new Mazda3 and MazdaSpeed3

2010 Opel Insignia OPC - Click above for a high-res gallery

Now that Rick Wagoner is out of a job, he's eligible to start receiving retirement benefits from his former employer of 32 years. Though having received over $63 million in salary since becoming a General Motors executive in 1992, Wagoner is eligible for a "Salaried Retirement Plan" and "Executive Retirment Plan" that are together valued at $20.2 million.

Last week, the California Air Resources Board - fresh from not banning black cars - adopted a regulation to force the 40,000 businesses in "California's automotive maintenance industry to check the tire pressure of every vehicle they service." This means that, starting in July of 2010, when you bring your car in for service in California, the shop will have to make sure that your tires filled to the manufacturer's recommended air pressure level. CARB estimates that this will save the average Ca

One of the issues that is central to the survival of General Motors and Chrysler is how comfortable people are buying their vehicles while they attempt to restructure. The media paints a pretty bleak picture of these two automakers, so some buyers may avoid General Motors and Chrysler vehicles altogether because they fear that the companies won't be around to honor their warrantees. Part of the President's announcement today was the establishment of a Warranty Commitment Program backed by the fe

Last September, the revived Detroit Electric brand announced in Malaysia that it planned to produce a new line of electric vehicles by the end of 2009. At the time, nothing was official, but the electric cars on display were based on the guts of Proton Savvy and Persona sedans, leading us to wonder if there was a deal between Detroit Electric and the Malaysian automaker. Apparently, there is.

Acrua ZDX Concept - Click above for a high-res gallery

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