1996 1997 Jeep Grand Cherokee 4.0 Computer on 2040-parts.com

Energy Department recovers $21 million from Fisker to pay back loans

The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.

Porsche Macan out playing in the desert ahead of an L.A. debut (video)

Porsche Macan (pictured) out playing in the desert ahead of an L.A. debut With Porche’s baby Cayenne – the new Porsche Macan – due to make its public debut in production guise at the Los Angeles Auto Show next month, Porsche has been busy building up interest in what should be their biggest seller in the years to come. There’s already a microsite for the Porsche Macan where Porsche has been busy teasing those who are interested with snippets of information and disguised photos, but now we get the Macan out frolicking on the sandy desert dunes in Dubai, the sort of video you’ll see from any car maker with a vehicle to show off that has off-road pretensions.

CAR scoop: GM's $13 billion gamble (2013)

By Ben Whitworth Motor Industry 30 September 2013 09:45 GM Europe has racked up enormous losses every year since 1999; in 2012 it bled $1.8 billion while GM North America earned $6.9 billion before tax. Yet the Detroit mothership continues to pump billions into its European division, like a deluded gambler convinced his luck will change. Max Warburton, automotive analyst at Wall Street researcher, Sanford C.