Announcing its 2011 financial results, General Motors has reported record profits of $7.6 billion, an incredible 62 percent increase from last year. Its previous record was $6.7 billion in 1997. Annual revenue increased by 11 percent to $150.3 billion for the American automaker and its global says jumped 7.6 percent for a total of nine...
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Following an investment from Abu Dhabi Motors, BMW has opened its largest showroom in the world in the Middle East. In 2011, BMW had its greatest sales year ever in the Middle East, recording more than 18,000 BMWs and Minis sold. What better way to celebrate the good year than with the opening of a...
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The Automobile Journalists Association of Canada announced the Canadian Car of the Year today at the Toronto International Auto Show. The Hyundai Elantra won, though the automaker was essentially guaranteed the trophy because they were competing against their subsidiary company Kia. The top three picks were the Hyundai Elantra, Hyundai Accent and Kia Optima. All three, among...
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More energized than ever, this morning Lotus PR announced a high-profile event at the upcoming Geneva Motor Show. Providing little more than an unusual image of a hat tan, bikini top, and a bottle of sunscreen(seen above), Lotus says, “Our philosophy has always been ‘less is more’. Now, with a display of true fighting spirit,...
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J.D. Power and Associates released their annual vehicle dependability study today, something consumers and manufacturers pay close attention to. “Despite facing immense challenges in 2009, automakers placed a keen focus on delivering outstanding levels of quality, which they understood would be essential to their long-term success,” said David Sargent, vice president of global automotive at...
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The Viper is one of the rare vehicles to adorn a new logo for each major redesign, sporting “Sneaky Pete” on the original, and “Fangs” on the second gen. For the new 2013 Viper, the first under the SRT badge instead of Dodge, the “Stryker” logo has been designed to celebrate the new direction. Chrysler...
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Imagine, if you will, a group of Cadillacs driving together. In your mind, it’s a serene, soft cruise, with the drivers enjoying the scenery, the road, and more importantly the buttery-smooth ride of their American luxury cars. Not anymore. Many Cadillacs, like the CTS-V, include a viciously powerful engine, not to mention suspension and braking...
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In 1983, the Porsche 928S was the fastest production car sold in the United States at a top speed of 146 mph. In Risky Business, you may remember Tom Cruise’s line in his break-out film, “Porsche. There is no substitute.” Porsche-philes still agree roughly thirty years later; the very 1979 Porsche 928 driven by Tom Cruise...
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Last December, an auction provided a rare opportunity for racing fans and cinema buffs to bid on Steve McQueen’s original Gulf livery racing suit worn in the movie “Le Mans.” In case you missed out or couldn’t afford the $800,000 price tag, a new opportunity to own a piece of motorsport history has arisen. Thanks to...
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A dream team of ten engineers and tech experts have assembled at the UK-based Lola-Drayson to develop an extremely innovative all-electric race car. This electricity powered car is aiming at a top speed of 320 km/h or 200mph. While that seems like an astronomical number, this actually isn’t the ultimate goal of the electric racer. According...
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To appease the millions of insatiable television viewers, the BBC teamed up with BBC America to create a new show featuring Richard Hammond, one of the legs to the entertaining tripod of Top Gear presenters. While the show is not necessarily a Top Gear spin-off, Richard Hammond’s Crash Course is still an over-the-top experience that...
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Bridgestone announced a development in tire printing technology last month that allows new stylistic possibilities. White-wall tires and white lettering harken back to cars with cranks, though neither the tires nor the cars are common today. Bridgestone wanted to change that by finding a solution for bright designs printed onto the sidewall of tires that...
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McTevia & Associates, the legal firm brought in to deal with Saab North America’s creditors and dispose of its remaining assets, announced that cars in the Heritage Collection will be sent to auction (bids had to be registered before Friday, February 10 at 12 noon Eastern).
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The deal, which will see the track renamed Canadian Tire Motorsport Park, includes upgrading current facilities, such as adding better spectactor stands, improved pit and garage areas for race teams, plus efforts to improve the overall race experience at the track for members of the public, corporate partners and race participants alike.
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In order to determine which non profits receive the cars, Toyota has organized a public voting pole on its corporate Facebook page, with the winners selected based on the highest number of votes.
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Taking their first Le Mans victory in 1924, the Bentley Brothers and their powerful, heavy, rugged, and reliable Bentley Blower dominated motorsports in the 1920s, outclassing rival Bugatti and its more elegant, lightweight, but considerably more fragile machines. Despite Volkswagen ownership and the passing of many decades, Bentley cars still retain this trait today. Since...
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While still in office, Bush pushed through a rescue package of some $25 billion in emergency aid, $4 billion set aside for Chrysler, while some $13.4 was allocated to GM; this was followed by an additional $60 billion from the Obama administration in 2009.
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As if winning Super Bowl XLVI and becoming the MVP of the game wasn’t enough, New York Giants quarterback Eli Manning was also handed the keys to a 2012 Chevrolet Corvette Grand Sport Convertible Centennial Edition. The MVP Award winner was chosen through a media panel and fan vote on www.superbowl.com during the game, and...
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Increasing motorsports exposure, Honda announced its plans to enter its newly redesigned European 2012 Honda Civic into the 2012 FIA World Touring Car Championship (WTCC). According to Honda CEO Takanobu Ito, this entry entails creating an all-new engine developed specifically for touring car competition. “We have made a decision to enter into the WTCC with...
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Although electric vehicle technology has been touted as the way of the future, some believe that there is still untapped potential lying within the conventional internal combustion engine. To encourage engineers to push the internal combustion technology forward, Republican Congressman Dan Lungren has introduced a bill that will reward a handsome $1 billion in Federal...
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Sticking with a gritty theme, albeit in a different style, Chrysler has listed the services of veteran actor and director Clint Eastwood, who’s expected to give the country a tough talking to, in Walt Kowalski style.
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After much speculation, Lamborghini has finally officially confirmed development and production for its new super-SUV, its first truck since the original Rambo Lambo LM002. According to a well-placed source at Audi, its Italian supercar subsidiary is hard at work on the project and are aiming to make a grand unveiling of its brand new SUV/crossover concept...
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The National Insurance Crime Bureau (NCIB), a non-profit organization created by the insurance industry to address insurance-related crime, publishes an annual report called Hot Wheels to identify America’s 10 most stolen vehicles. This year, the NICB introduced a special issue called Hot Wheels Classics, which focuses on a specific model with historical significance. For its first Classics...
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A grid of 58 vehicles at the 50th anniversary of the Rolex 24 at Daytona made this year’s event one of the most competitive races in the history of the franchise. It was so competitive, in fact, NASCAR star racing driver AJ Allmendinger of the Michael Shank Racing #60 Ford/Riley car only beat Starworks Motorsport’s pole-sitter Ryan...
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