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BMW, Daimler experiment with upscale rent-by-the-ride
Fri, 24 Dec 2010Two European luxury brands are tiptoeing into car sharing, a radical move for carmakers whose business for the past 100 years has been selling to individuals. German archrivals Daimler AG and BMW AG have launched sharing programs. The automakers say the move was prompted by changing attitudes about car ownership, especially among young buyers, and increased urban congestion.
GM shifts gears, will keep Opel
Tue, 03 Nov 2009General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International. GM said it expects the restructuring of Opel to cost $4.42 billion (3 million euros), which it says is lower than the costs associated with outside bids for the company. GM said it will soon present its restructuring plans for Opel to the German government and other governments in Europe.
The Grand National Roadster Show is like church, with chrome trim
Fri, 29 Jan 2010You can argue all day about which is the best and most influential hot-rod show in the world, but we'll take the Grand National Roadster Show, which will be held this weekend at the Fairplex in Pomona, Calif. This is the 61st running of what grizzled veterans have simply called "Oakland," after the city that hosted it for its first half-century. This is the seventh year the show has been held in the Art Deco halls and sprawling avenues of the Fairplex, all of which will be under sunny skies and balmy temps all weekend.