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GM 'will lose money' on the new Chevrolet Volt
Thu, 18 Sep 2008By 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.
Goodwood Festival of Speed 2011 preview
Thu, 17 Mar 2011Lord March has kicked off the countdown to the 2011 Goodwood Festival of Speed at the annual press preview. The theme is Racing Revolutions - Quantum Leaps That Shaped Motorsport. Lord March said it meant a mouth-watering array of cars, celebrating tech advances such as 4wd, carbonfibre and monocoque construction. Naturally, there are a number of anniversaries to celebrate: the centenary of the Indianapolis 500 race, 100 years of Chevrolet, the Jaguar E-type's golden birthday and 110 years of Skoda motorsport involvement.
Mercedes-Benz reveals SLS E-Cell performance data
Fri, 09 Mar 2012Mercedes-Benz has lifted the veil of secrecy on the plug-in-electric propulsion system of its upcoming SLS E-Cell, first revealed in concept form at the 2009 Frankfurt auto show. Set to go into limited production in early 2013, the zero-emission version of the German carmaker's signature gullwing coupe is set to rival a raft of new high-priced electric or hybrid supercars due out in the not-too-distant future, including the Audi E-tron, the BMW i8, the Jaguar C-X75 and the Porsche 918. The car is undergoing development at Mercedes-Benz's performance-car AMG unit and its British-based sister company, AMG High Performance Powertrains--the company behind Mercedes' latest 2.4-liter V6 Formula One race engine.