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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.

Ferrari 458 Spider (2012) first official pictures

Click here to read the Ferrari 458 Spider CAR review The new Ferrari 458 Spider is an obvious, and inevitable, extension of the 458 Italia sports car range. Ferrari has always offered a fresh-air alternative to the junior V8 and we all knew it was coming. But the lack of surprise didn't stop the tongues drooling and eyes goggling when we clapped eyes on the new 458 Spider ahead of its debut at the 2011 Frankfurt motor show.

Honda opens Advanced Design Studio in Los Angeles

Honda inaugurated its new Advanced Design Studio in Los Angeles last week, coinciding with the LA auto show's first press day. It's the third design studio for the Japanese manufacturer in the region and is poised to lead the development of Honda's advanced automobile design activity. The new studio is located in the heart of Downtown LA, which has been experiencing a resurgence in the past decade.