According to an announcement made today by Ed Whitacre, CEO of General Motors, the company has payed back the government loans in full today. The sum sent by GM to the US Treasury and Export Development Canada comes to a total of 5.8 billion dollars. The company seems to be doing really well and has not only managed to bay...
We were teased yesterday and today it's here, Ken Block has revealed his new ride for the Gymkhana series that has boosted his popularity. The new car is based on a 2011 Ford Fiesta and his Gymkhana series is an Internet phenomenon racking up more than 30 million views combined. The new car is dubbed the Gymkhana THREE 2011 Ford Fiesta...
Even though the attention of the crowd is now on the new version of Volkswagen Touareg, the first generation remains very attractive, for second hand cars amateurs or for those of you who like tuned cars. For those of you who are familiar with Volkswagen Touareg phenomenon, you probably know that the car is powered by a W12 engine at...
Honda has just announced that come August 2010 the Sedan version of the Civic Type R will no longer be made. In order to even out this decision Honda has announced that they will the three-door Civic Type R Euro hatchback into Japan. The current Civic Type R sedan was only sold in Japan and quite a few of them...
What happened is that Maserati Gran Turismo loosed its roof and transformed into a new cabrio with a proper name, I’m talking about Maserati Gran Cabrio. Maserati was presented at Frankfurt Auto Show with something new, a cabrio launched at early autumn. Starting from the original Maserati Gran Turismo, they made a change, I’m talking about the roof of course,...
General Motors has announced today that they will be opening a new design studio in the capital city of the Republic of Korea, Seoul. The studio will be based just out of Seoul’s Gangnam area, which is considered to be the most stylish part of Korea’s capital, quite a fitting image for a designs studio of one of the world's...
This announcement came as a total surprise and will make the main subject of a special press conference this afternoon. This isn't all, Luca Cordero di Montezemolo will resign from his position at Fiat SpA but will remain chairman of Ferrari. After Luca Cordero di Montezemolo will have signed off his position at Fiat he will most likely be replaced...
You may remember the first info leaked by Mercedes on the CLS Estate a few weeks ago. Well now this car sees actual form as a concept and it's called the Mercedes-Benz Shooting Break Concept. The car that Mercedes unveiled today shows that there still may be hope for the estate buyer just as the CLS revived the estate as...
You may remember the 2011 Kia Optima release that happened just a few weeks ago. It's the sort of car that people talk about. Well for the Korean car maker it's not enough. They have recently announced there will be a Optima Coupe version and of course, a more traditional, Optima Station Wagon one. Quite a surprise I'd say. It's...
The unveiling of the new 2011 Seat Alhambra took place today and we have to report that there are no surprises, it's almost entirely a Volkswagen Sharan. We know these cars share platform, but can't they come with more differences other than the obvious? In truth, the only differences that can be spotted between the Sharan and the Alhambra are...
