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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.

Mini Clubvan (2012) first official pictures

Mini's relentless push to retro-ify all our lives has brought about the seventh model in its range: the new 2012 Mini Clubvan. Essentially a van-spec version of the curious Clubman small estate, it's aimed at small businesses and fans of outdoor hobbies with cumbersome, expensive equipment, says Mini. It's a production version of the concept seen at the 2012 Geneva motor show.

Galpin Auto Sports Reveals 1000-hp GTR1

As you read this, Beau Boeckmann of Galpin Auto Sports should be pulling the cover off the GTR1, a 1000-hp supercar based on the Ford GT. Right about now the 3000 guests of The Quail should be oohing and ahhing at the car's Aston Martin “lightning silver” paint and subtly muscled haunches, probably hearing about how G.A.S. swapped out the supercharger on the 5.4-liter V8 and replaced it with twin 61-mm turbochargers making almost double the horsepower of the stock car.