Fisker Karma: High Voltage Isolation Fault During Consumer Reports Speed Test
After fewer than 200 miles of driving, Consumer Reports' brand-spankin-new, $107,850 Fisker Karma broke down during a routine speedometer calibration and had to be towed.
Ford Taurus Models Under Investigation by NHTSA
The National Highway Traffic Safety Administration launched an investigation of struck throttle issues possibly affecting as many as 360,000 2005 and 2006 Ford Taurus cars.
India Partially Lifts Cotton Export Ban
Indian cotton shipments will resume for previously registered sales, but the government ban on new cotton exports will remain in effect until a review within the next two weeks.
GTA Spano a Compelling Entry Into Supercar Market at Geneva 2012 Motor Show [PHOTOS]
GTA Motor returned triumphantly to the Geneva Motor Show 2012, where it launched what it’s calling the “definitive version” of its high performance GTA Spano supercar, which could be a significant competitor with established top-tier supercars.
Greek Bond Deal Technically Default, Triggering CDS Payouts: ISDA
The International Swaps and Derivatives Association decided Friday that Greece’s debt swap was a restructuring credit event. Its decision triggers payouts on almost $3.2 billion of credit default swaps -- insurance-like contracts aimed at protecting creditors from loss.
Tata Megapixel, Tata Motors’ Future REEV at Geneva Motor Show 2012
There have been a lot of flashy sports cars and intimidating luxury palaces at the Geneva Motor Show 2012, but the car that perhaps deserves the most notice is the unassuming Tata Megapixel, Tata Motors’ new range extended electric vehicle (REEV) concept car.
German Trade Surplus, Exports Up for January
German exports rose 2.3 percent in January, driven by increased activity in all sectors of the economy, the German Federal Statistics Office, Destatis, said Friday.
US Trade Deficit Up In Jan To $52.6B, More Than Expected
The U.S. experienced a trade deficit of $52.6 billion in January, an increase of $2.2 billion from December, according to a report by the U.S. Department of Commerce.
Rolls-Royce Phantom Series II Dresses the Part at Geneva Motor Show 2012
Rolls-Royce Motor Cars is showing off the new Phantom Series II at the Geneva Motor Show 2012 this week, and the executive dream-machine is truly a sight to behold.
AT&T Makes The Call, Plans To Sell Yellow Pages
AT&T Inc. is seeking to sell a stake in Yellow Pages in an approximately $1.5 billion deal with private equity firm Cerberus Capital Management LP, Bloomberg reported.
Bank of America Defrauded Mortgage Modifiers, Whistleblower Claims
Bank of America, N.A., fraudulently sought to limit home-owner mortgage modifications under the Home Affordable Modification Program so as to avoid millions in losses, says a whistleblower complaint unsealed in federal court Wednesday.
Xstrata Paying $500M For Canadian Coking Coal Deposit
Swiss mining giant Xstrata PLC said Thursday it will pay $500 million in cash to Talisman Energy Inc. for its Sukunka hard coking coal deposit in northern British Columbia, Canada.
How to Watch WRC Rally Guanajuato Mexico 2012
If you can’t see the heart pounding insanity that will be Rally Guanajuato, Mexico 2012 in person, you’ll still be able to partake in the action of the next World Rally Championship race online, although you’ll miss out on the historic splendor of Alhóndiga de Granaditas.
Toyota to Recall 681,500 Camry, Tacoma and Venza Cars
Toyota will recall approximately 681,500 Camry, Tacoma and Venza model cars amid safety concerns, the company said Wednesday.
Pagani at Geneva Motor Show 2012: Carbon Edition Huayra [PHOTOS]
Pagani Automobili SpA is showing off a carbon fiber covered Huayra for all the world to see at the 2012 Geneva Motor Show, and the company has announced that they are ramping up production of the Huayra with over 85 confirmed orders for the hyper-car.
Jeep Liberty Recall: Chrysler Recalls Over 260,000 Jeep Liberties
Chrysler Group, LLC is recalling over 200,000 2004 and 2005 Jeep Liberty SUVs due to a danger of corrosion to their rear suspension.
Sprint to End $9B Deal with LightSquared
Sprint Nextel Corp. may end its $9 billion, 11-year spectrum-sharing agreement with LightSquared Inc. as soon as next week, Bloomberg reported Wednesday.
Fiat Seeks Asian Partner In Competition with GM and Peugeot
Fiat SpA is searching for an Asian partner following the solidification of an alliance between General Motors Co. and PSA Peugeot Citroën, Bloomberg reports.
New Jaguar XF Sportbrake Makes Station Wagons Look Good [PHOTOS]
Jaguar showed off its new Jaguar XF Sportbrake station wagon today at the Geneva Motor Show. The car seeks to fill a niche in the European luxury market for “practicality and versatility” in a family car.
An Invisible Car? Mercedes-Benz Advertises Eco Cred With Active Camouflage
Mercedes-Benz has released an advertisement in which its hydrogen fuel-cell powered B-Class F-Cell car simply… disappears. The purpose of the advertisement is to highlight the fact that the zero emissions F-Cell vehicle is “invisible to the environment.”
Lamborghini Aventador J 'Unica' Officially Announced, Sold
Lamborghini announced its new speedster, the Lamborghini Aventador J, Unica, on Monday evening and confirmed that it would be a totally unique, one-off production. The car sold for €2.1 million, or approximately $2.76 million, a spokesperson confirmed Tuesday.
Lehman Bankruptcy Over, Creditor Payback Starts in April
Lehman Brothers Holdings Inc. will emerge from its $639 billion bankruptcy reported Reuters, Tuesday. The company will begin repaying creditors roughly $65 billion on April 17.
Peugeot Sets Share Price at Discount in Alliance with GM
French auto manufacturer PSA Peugeot Citroën SA will sell shares at a 42 percent discount as part of a €1 billion ($1.32 billion) capital increase the company is seeking, as it confirms an alliance with U.S. automaker General Motors Co, reports say.
Three Fictional Vehicles You Should Recognize [VIDEO]
Fictional TV and movie cars often feature capabilities and designs that surpass anything available in the real world, and they do so with dramatic effect. Here are three of our favorite fictional cars from the silver screen.
Dallas Fed’s Fisher Says No to QE3, Touts Texas and Mexico as Examples
Decrying calls on Wall Street for further quantitative easing (QE3), Richard Fisher, President and CEO of the Federal Reserve Bank of Dallas called on the nation’s lawmakers to follow the fiscal examples set by Mexico and Texas in a speech Monday.
Mazda Seeks to Raise $1.67B In Share Offering
Mazda Motor Corp. set the price of an approximately $1.67 billion share offering at a discounted ¥124 per share, roughly $1.53, on Monday in the hopes that the money raised can help fund a return to profitableness for the struggling Japanese car manufacturer.
Gingrich Wrong: You Can Put a Gun Rack in a Chevy Volt
An Atlanta man has built a gun rack for his Chevy Volt in response to Republican presidential hopeful Newt Gingrich’s assertion that “you can’t put a gun rack in a Volt.” John McDole built his Volt gun rack in about half an hour and displayed it in a Youtube video to demonstrate the versatility of the Volt.
Lamborghini Unica: New Topless Lamborghini Aventador Leaked Pictures
Pictures of the new topless Lamborghini Aventador “Unica” were recently leaked, revealing what may be a stunning new car expected to be debuted at the Geneva Motor Show. Lamborghini has publicly released a teaser-video of what is thought to be the car shown in the leaked photos.
DeltaWing Track Test Video Revealed
The experimental DeltaWing race car makes a turn on a test track in a recently released video. The car is slated to race in the 24 Heures du Mans 2012 race in a slot designated for a “Car displaying new technologies” and will be driven by Marino Franchitti.
GM Halts Volt Production, Temporarily Lays Off Workers
General Motors has halted production of its Chevrolet Volt electric car in the face of missed sales goals in 2011 and the early months of 2012, sources report. Production will be halted from March 19 to April 23, and 1,300 employees at its Detroit-Hamtramck factory will be temporarily laid off.