Porsche Panamera convertible revealed

Autocar succeeded to obtain a series of patent applications with the Porsche Panamera convertible ! Recent comments from Porsche insiders indicated the Panamera convertible had been cancelled, but renewals and fresh patent applications in the United States indicate otherwise. As shown in these images, the Panamera Convertible ...
Another Prius speeds out of control today in NY !

A 56-year-old woman smashed into a stone wall this morning because of a stuck accelerator on a Toyota Prius , Harrison police said. The collision sent "some pretty big boulders" fairly far, Marraccini said. Marraccini said the floor mat has been pretty much ruled out as a ...
Geely gets financing to buy Ford’s Volvo for $2.1 bln

Zhejiang Geely Holding Group, parent of Geely Auto, has secured financing to buy Ford Motor's Volvo unit for about $2.1 billion, Reuters reported today, citing a Swedish business daily. Sources told Dagens Industri that Chinese financial institutions and regional government bodies had provided the money for ...
Video: Driver says Prius went wild on freeway

A driver says his Toyota suddenly accelerated to 90 mph, taking him on a terrifying 30-mile ride on a San Diego County freeway. With the help of a California Highway Patrol officer, the driver was able to bring the car under control. httpv://www.youtube.com/watch?v=EgPRBgPRQkI Visit msnbc.com for breaking ...
The new Mercedes 5.5 liter V8 AMG engine

A completely newly developed AMG 5.5-litre V8 biturbo engine with a peak output of up to 420 kW (544 to 571 hp) and maximum torque of up to 900 newton metres will enter the lineup in summer 2010. The new eight-cylinder unit known internally as ...

GM will not buy Chrysler

November 7, 2008

General Motors via CEO Rick Wagoner, announced minutes ago that they will not buy Chrysler from Cerberus Capital Management LP.
“We have recently explored the possibility of such an acquisition based on the analysis that it would strengthen our industry position in the long term,” Wagoner said.
“We’ve concluded at this particular time that we are better off to put 100 percent of our efforts on the liquidity side. We’ve set aside such (acquisition) actions as a near term priority.”

For the moment there is no Chrysler official announcement, but inside sources have said that they would continue to work on returning Chrysler to profitability.

“As an independent company we will continue to explore multiple strategic alliances or partnerships as we investigate growth opportunities around the world that would aid our return to profitability.”

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