While 2011 marked Ford‘s biggest profit since 1998, fourth quarter results were still below the estimates of financial analysts. Despite marking Ford’s 11th consecutive quarterly profit, investors showed concern regarding the American automaker’s $190 million loss in Europe and $83 million loss in Asia. Ford stock had fallen 5.5 percent to $12.04 a share in...
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After almost a year since regulators closed Toyota’s unintended acceleration investigation, independent auto-safety firm Safety Research and Strategies announced Tuesday that a lawsuit has been filed in federal court requesting for the government to release internal records of said investigation. According to Safety Research and Strategies, there is reason to believe that the National Highway...
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Only 150 examples of the new V12 Zagato will be built, each hand crafted at Aston’s headquarters in Gaydon, Warwickshire, UK, with the first deliveries slated for late this year.
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Legendary American driving school Bob Bondurant School of High Performance Driving is looking to finally grow out of its operations within the United States. After more than four decades of success as the largest purpose-built driving school in the world, founder Bob Bondurant intends to take the brand global, electing former Bondurant driving instructor and...
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Hyundai has made incredible gains in the global market, challenging larger automakers in markets they once dominated. While Volkswagen has globally sold a record number of vehicles in 2011, Hyundai Motors and its Kia affiliate have exceeded VW’s numbers in the United States. According to senior analyst of auto website Edmunds.com Jessica Caldwell, “Hyundai offers...
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According to Perkins, NAIAS has an economic impact of some $400 million for the city of Detroit and South Eastern Michigan, more than the Super Bowl.
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The cost of the entire aluminum body was exorbitant, even by 1950s standards, which helps explain why so few SLs (29) were ordered this way.
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Chances to win a prize, begin the moment a viewer downloads the app to their smart phone or tablet. Upon doing so, each player receives a unique license plate number. If their particular plate appears on a Chevy commercial during the game, or online, they win a new vehicle.
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In addition, Deloitte’s vice chairman Craig Giffi, says that Gen Y members are also more likely to be drawn to Hybrids than conventional internal combustion propelled cars and trucks, though he believes this is less of a “green” factor and more of an economic one, saving fuel and saving money, versus saving the planet.
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China is the new land of opportunity as businessmen gain newfound wealth from its booming economy. However, some have learned the hard way that money cannot buy happiness. Last week, a Porsche owner was upset that his Cayenne SUV, worth a reported 2.7 million yuan, suffered a string of problems during the 2 months he...
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Journalists understand the severity of consequences if an article somehow breaches public accountability. Former CBC and current Al Jazeera editor Tony Burman once said, “Every news organization has only its credibility and reputation to rely on.” However, Autoblog has encountered criticism lately after publishing an article where a writer received third party payment for their...
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Education day, which is co-hosted and sponsored by PNC Bank, in conjunction with the show, includes an hour long “A World of Opportunities” event in which some 225 Detroit Public School pre-K students are provided with PNC “Grow Up Great” educational materials.
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Essentially, the ad incorporates a Kia Optima tearing around a race track, while scantily clad supermodel Adriana Lima and mixed-martial arts fighter Chris Liddell do what they do best, as Mötley Crüe rock on stage, performing Kickstart My Heart.
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Ohio Governor John Kasich and Missouri Governor Jay Nixon made a visit to Detroit this week during the North American International Auto Show in an effort to bring U.S. automotive manufacturing to their respective states. John Kasich said, “Contrary to popular opinion, the auto industry is getting stronger.” Ohio currently possesses the second-largest automotive industry...
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Japanese automakers have ended 2011 worse for wear as the March 11 Japan earthquake as well as the rising yen exchange rate significantly damaged business. Unfortunately, Honda starts 2012 with new challenges. October floods in Thailand have caused major losses to Honda’s plant in the central province of Ayutthaya. To reassure customers that no vehicles...
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Prager says that she often references films, the Wizard of Oz and The Red Shoes as well as director Federico Fellini in her shoots so it probably isn’t surprising this one follows such themes, creating a world that borders both fantasy and reality.
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Hyundai has launched an inventive social marketing program called the “HYUNDAI RACE” at Times Square, one of the busiest city cross streets in the world. By downloading a controller app from the iTunes app store, participants can enjoy the HYUNDAI RACE featuring the all-new Hyundai Veloster on a prominent billboard via Hyundai WiFi. Steve Shannon, Hyundai Motor...
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The reason, is to allow time for the General to re-tool these facilities so they can switch over to the updated 2013 full-size pickups, of which production is scheduled to begin during the latter half of next year.
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An investigation is currently underway regarding a cross-continent auto-parts price fixing operation involving the authorities of Australia, United States, Europe and Japan. These companies have supplied parts to both automakers and aftermarket companies in immense volumes that caused a certain government official to even declare that this investigation is the largest probe in U.S. history....
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Mathew Foster, a resident of Portland Oregon, found himself roaring across the salt flats in a MINI Coupe being fed sushi by a stewardess while paratroopers flew by overhead. Was this some kind of bizarre dream or hallucinogenic episode? In fact this was a reality for the Portland man after winning a contest held by...
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Every year an automaker is chosen to be celebrated at the Goodwood Festival of Speed with an artistic installation directly in front of the historic Goodwood house in West Sussex, England, and a host of classic and shiny new cars on display. For 2012 it will be the iconic English brand Lotus. This acknowledgement comes at important time in...
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A rare combination of Hollywood and racing history, the Gulf livery racing suit that Steve McQueen wore for the movie Le Mans was sold in a California auction for a steep $800,000. After fees and taxes are taken into account, the total sum is actually $984,000. With the exception of an automobile, this is the...
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Those who feel especially generous this holiday season can get a bargain on what’s probably the best Christmas gift anyone could ever ask for. According to Kelley Blue Book, the 2011 Chevrolet Corvette earned the #1 spot for the best new car deal of the holiday season. For the last couple of months, GM offered...
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Youngman has repeatedly tried to buy into Saab, but the latest deal was vetoed by General Motors, which still owns licenses for Saab technology.
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