13 Jun. 2009 | Automobile, Jaguar | No Comments »
Keeping in line with his philosophy of not “putting exciting projects on the backburner,” Ratan Tata, the owner of Jaguar, has thrown his support behind a two-seat roadster speculatively called the Jaguar XE that will get a Chevrolet
11 Jun. 2009 | Automobile | No Comments »
Martin Eberhard,who founds Tesla Motor, has filed a suit against new Tesla Motors CEO Elon Musk, and the company for libel, slander, and breach of contract, as well as different reasons.
Martin Eberhard, along with Mark Tarpenning, was a co-founder of Tesla Motors Read the rest of this entry »
10 Jun. 2009 | Automobile, Chrysler | 4 Comments
With the Supreme Court stepping aside, the sale of Chrysler LLC’s strongest assets to a new company named Chrysler Group LLC was completed. The other parts of the automaker will remain in bankruptcy to be sold.
Fiat obtained a 20% stake in the company which can grow to35%. The UAW Retiree Medical Benefits Trust now owns 55% of Chrysler Group. The U.S. Treasury owns an 8% stake and Read the rest of this entry »
10 Jun. 2009 | Automobile | 1 Comment »
The Citroen GT concept has been available to the people who play Gran Turismo 5: Prologue. But anymore it would change for fifteen lucky people.
It was reported that Citroen received such interest in its GT concept that it was actually considering an extremely limited production run of the car. Now it seems Citroen is very likely to put the car into production and will make a decision “within the next four weeks,” according to Vincent Besson, head of products and markets. Read the rest of this entry »
10 Jun. 2009 | Automobile | 2 Comments
General Motors has paid about 90,000 U.S to their employees to show that they are not effected by the anticipated bankruptcy filing.
Normally GM employees are paid on Friday, however, this week checks were issued on Tuesday, told spokesman Tom Wilkinson. “It was done to reassure workers worried about bankruptcy,” he said. Read the rest of this entry »
