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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.
2014 Mercedes S65 AMG spied undisguised (video)
Sun, 01 Sep 2013The 2014 Mercedes S65 AMG (Pictured) spied on video ahead of an LA debut We’ve already had the new Mercedes S-Class revealed and its everyday performance version – the new Mercedes S63 AMG – has been unveiled too. But there’s one more S-Class to come – the 2014 Mercedes S65 AMG. We’re expecting the S65 AMG to arrive at the Los Angeles Auto Show later in 2013, but it looks like Mercedes are readying some promotional videos for their new range-topping powerplant in the S65, with a completely undisguised car caught on video.
Lexus Design Awards open for entries under the theme 'Senses'
Tue, 12 Aug 2014When we visited Milan Design Week earlier this year, the winners of the Lexus Design Award were a particular highlight – refreshingly free from automotive references, the work was in the true spirit of the city's celebrated annual festival. The theme of the 2015 competition is Senses, which opens up the opportunity for designers to explore sight, sound, smell, taste and/or touch. Entrants will be judged by a panel including architect Toyo Ito, curators Paolo Antonelli and Aric Chen, and Lexus president and former head of Toyota design Tokuo Fukuichi.