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Former General Motors CEO nets multimillion-dollar retirement package
Wed, 15 Jul 2009Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years. The deal is significantly lower than what he could have received; it would have been $23 million at the end of last year, Reuters reports.
Alfa Romeo goes rear-drive; eight new cars by 2018 including 4C Cloverleaf
Tue, 06 May 2014By Damion Smy Motor Industry 06 May 2014 15:51 Alfa Romeo has confirmed the news first broken exclusively by CAR in July 2013: the Italian brand will make a dramatic shift from front-drive hatches like the Mito and Giulietta, and instead develop a new range of rear- and all-wheel sports saloons, SUVs and sports cars. Announced in Detroit at Fiat-Chrysler HQ, Alfa Romeo chief technology officer Harald Wester revealed the mantra for the brand includes pushing volumes up from 74,000 sales in 2013, to around 400,000 by 2018. Alfa Romeo is investing around €5bn in the project, the first fruits of which will be the new Giulia saloon, a 3-series rival that will go on sale in autumn 2015.Read our scoop of Alfa's strategy here That’s right.
Peugeot Quartz Concept is a 494bhp Hybrid SUV – debuts at Paris Motor Show
Thu, 18 Sep 2014The Peugeot Quartz Concept is a 494bhp Hybrid SUV - The Peugeot Quartz Concept is a concept from Peugeot heading for the Paris Motor Show next month, and it uses a hybrid setup to offer the potential of huge performance from a pair of electric motors and the 270 PS 1.6 litre petrol engine from the RCZ R. Before you get too excited, it seems unlikely the QuartZ Concept is heading for production with its very concept-y look with scissor doors, pop-out steps for access and no B-Pillar, but it does show what could be done if Peugeot is brave enough and it does show the performance potential of the hybrid platform. The hybrid platform consists of the 1.6 litre THP 270 engine from the RCZ R – good for 266bhp – and an electric motor on each axle.