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Fiat will rebadge Dodge Journey in Europe
Mon, 27 Dec 2010Chrysler Group will stop selling the Dodge Journey in Europe and will instead market the crossover with a Fiat badge, Fiat sources said. The Fiat version of the Journey will be called the Freemont, the sources said. The Freemont is a key part of Fiat-Chrysler CEO Sergio Marchionne's plan to cut development costs and boost capacity utilization at the automakers' factories by cross selling vehicles from Fiat group and Chrysler group brands.
Porsche 918 Spyder crashes in Germany
Mon, 02 Dec 2013Porsche is in hot water with German authorities following an accident involving a prototype version of the gasoline-electric hybrid-powered 918 Spyder on a public road last month, according to reports in the German media. The accident, which took place between the towns of Bietigheim-Bissingen and Ludwigsburg (close to Porsche's research-and-development center), saw the 875-hp 918 Spyder spin out of control and collide with a guard rail. Parts of the new $845,000 Porsche flagship are said to have broken loose in the collision before being collected by an oncoming car.
GM slashes production, 13 plants to get extended shutdowns
Thu, 23 Apr 2009General Motors, battling a 49 percent decline in U.S. sales through March, plans extended shutdowns at most of its U.S. plants this summer.