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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.

Chrysler recalls some 2010 Jeep Wranglers over fire risk

Chrysler is recalling automatic-transmission-equipped 2010 Jeep Wranglers for a problem with the transmission skid plate. The plate, meant to protect delicate parts from rough terrain, can collect debris near the catalytic converter. That can lead to a fire.

Australian Grand Prix (2014): RESULT

The 2014 Australian Grand Prix gets underway It’s all new cars for the first Grand Prix of the 2014 F1 season in Melbourne, but the expectation was that Mercedes would dominate, with Lewis Hamilton sitting on pole and Nico Rosberg sitting third, separated by Red Bull’s new boy, Daniel Ricciardo. In fact, because of engine problems, Hamilton was sidelined from the start and down to fourth by the first corner, with Rosberg making the most of his team mate’s woes and storming through to take the lead, a lead he kept until the end for a dominant win in Melbourne. Behind Hamilton, home boy Daniel Ricciardo in the Red Bull managed to make the 2014 Red Bull car look immensely promising to take second place, a welcome boost for the troubled Red Bull team, even if world champion Sebastian Vettel suffered the same fate as Hamilton, retiring with engine problems.