38 Articles
VIDEO: Montezemolo beaches Ferrari California at own World Finals in Valencia

Last week, we all watched in collective awe as a $1.8 million Bugatti Veyron drove into a pond. While the driver claimed that he was attacked by a pelican, close examination of the video would appear to reveal... no pelican whatsoever. Instead, there's just a supercar inexplicably jumping into a marsh. Today, we've got another head scratcher for you – Luca Montezemolo beaching a

Electrification Coalition sees plug-ins making up 25 percent of market by 2020

A new Electrification Coalition was announced today with the backing of the CEOs from twelve companies. What's interesting about this group is that, among the leaders from electric vehicles companies and related start-ups – Coda Automotive, Coulomb Technolgies, A123 Systems, etc. – we find Nissan's Carlos Ghosn. Nissan is the only major OEM to participate in this coalition, which will promote "policies and actions that will facilitate the deployment of electric vehicles on a mass sca

REPORT: Senator John McCain doesn't believe Chrysler will make it

It looks like everyone is thinking about Chrysler these days. First it was former DaimlerChrysler CEO (and current Daimler CEO) Dieter Zetsche offering advice to Fiat CEO Sergio Marchionne. Now it looks like former presidential contender and current Arizona Senator John McCain not only thinks that bailing out the ailing automaker was a bad idea (even though he supported bailing out Detroi

GM loses $1.2B last quarter, ready to start repaying loans

This is one of the trickier press releases we've ever had to parse, but here goes. Despite losing $1.15 billion in the third quarter of 2009, General Motors sees this as a "solid foundation." GM President and CEO Fritz Henderson continues, "With a healthier balance sheet and a competitive cost structure, our focus is on driving top line performance. We'll achieve that by winning customers over, one at a time, with vehicles that deliver p

Officially Official: Mercedes-Benz buys 75% stake in Brawn GP, rebrands

Brawn Grand Prix officially announced this morning that Daimler AG and Aabar Investments PJSC has bought a 75-percent stake in the team that won the world championship in its first year of existence. The team run by ex-Ferrari technical director Ross Brawn was born just under a year ago out of the ashes of the former Honda F1 team after that automaker pulled out of the sport. With Brawn taking over the reigns, the team secured a supply of engines from Mercedes and went on to win numerous races i

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