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Chevrolet Corvette gets more expensive for 2012

Mon, 13 Jun 2011

General Motors has released prices for the 2012 Chevrolet Corvette--and the cost is going up. According to information given to dealers, the sticker price for base cars is going up by between $480 and $1,150, depending on the model. There is one exception--the sticker price of the top-of-the-line ZR1 is decreasing by $75, to $112,500, including the $975 shipping charge.

Tesla Roadster 2.5 breaks cover

Thu, 01 Jul 2010

Perhaps feeling a bit of chutzpah after a wildly successful stock offering this week, Tesla is demonstrating on Thursday that it still has an eye toward product, revealing the updated Tesla Roadster. And it's available for order now. Called the Roadster 2.5, the car features minor enhancements, including a new front fascia with different diffuser vents (the change is actually apparent) and new rear diffuser.

Volkswagen hits back, weighs making a bid for Porsche

Thu, 23 Apr 2009

Volkswagen is considering an audacious reverse-takeover bid for its majority shareholder, Porsche, in a twist in the drawn-out struggle for control between the two German carmakers. The Volkswagen Group's supervisory board is said to be weighing the possibility of purchasing Porsche AG, in a move that would relieve its holding company, Porsche SE, of massive debt that industry analysts suggest the company may not be able to fund should the world's financial crisis drag on well into 2010--a scenario put forward this week by the International Monetary Fund. The secret plan emerged as shareholders were set to convene at Volkswagen's annual meeting on Thursday, and it comes after Porsche revealed that it is carrying some 9 billion euros ($11.73 billion) in debt, most of it owing to interest on loans taken out to purchase its 50.8 percent stake in VW.