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GM 'will lose money' on the new Chevrolet Volt

By Ben Whitworth Motor Industry 18 September 2008 14:39 Despite hanging its future on the make-or-break Chevrolet Volt plug-in hybrid car, GM has confirmed that it doesn’t expect to make a profit from it – at least not on the first-generation model. The Chevy Volt was unveiled this week amid much hoopla at GM's centenary. 'I don’t know that I’ve ever seen a situation where we make money, particularly when you load all the costs in,' Fritz Henderson, GM’s chief operating officer, told Automotive News Europe, referring to the company’s first-generation technologies.

Super-rare Rolls-Royce Silver Shadow II Shooting Break up for auction

The growing trend for shooting break estates is nothing new. Sleek estate versions of high-end, luxury limousines have been produced at the behest of their ultra-wealthy owners for years – just like this bespoke Rolls-Royce Silver Shadow II Shooting Break. And this example could be yours for a snip – it’s going up for auction with Bonhams at the Beaulieu Sale on 7 September 2013 with an estimated price of £12,000 to £16,000.

Fiat CEO confirms he wants alliance with Opel

Fiat S.p.A.'s boss has confirmed that the automaker wants to form an alliance with General Motors' German subsidiary Opel. "Now we have to concentrate on Opel. They are our perfect partner," CEO Sergio Marchionne told Fiat-owned newspaper La Stampa in a story published Friday.