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New Lamborghini Estoque saloon concept revealed
Wed, 01 Oct 2008By Chris Chilton First Official Pictures 01 October 2008 20:00 After Lamborghini's endless string of frustrating teaser shots, here, finally, are the full pictures of the Aston Rapide-rivalling four-seat Lamborghini supersaloon, the Estoque. The concept sports a V8, but Lamborghini is incredibly open-minded about possible powertrains. The Gallardo’s V10 will be offered but engineering boss Maurizio Reggiani told CAR that a powerful turbodiesel or possibly a hybrid petrol electric drivetrain would probably also be offered.
Chrysler's main creditors reach deal with U.S.; others hold out
Tue, 28 Apr 2009The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler's main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said today. The accord with JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley would reduce Chrysler's $6.9 billion debt to $2 billion, which would be repaid by Chrysler in cash, they said.
News watch January 2013: today's auto industry news
Fri, 18 Jan 2013Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourFriday 18 January 2013• Mazda Motor Corporation (Mazda) and Fiat Group Automobiles S.p.A. (Fiat) announced today the signing of the Final Agreement which will see Mazda produce an open-top two-seater sports car for Fiat’s Alfa Romeo brand at its Hiroshima, Japan, plant starting from 2015 (Mazda) Thursday 17 January 2013• Mark Reuss, North American chief of General Motors, has jumped to the defence of Electric vehicles and said he is not giving up on them despite struggling sales in 2012.