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Chrysler says it needs another $2 billion in aid
Tue, 17 Feb 2009In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.
2013 Chevy Sonic RS priced at $20,995
Wed, 22 Aug 2012The sportier 2013 Chevrolet Sonic RS carries a sticker price of $20,995, including destination, when paired with a six-speed manual; the automatic version will sticker for $22,280. The RS differs from the base Sonic with unique transmission gearing in the manual and a higher, 3.53 final drive ratio for the automatic transmission. It's available only in hatchback form.
Car Design Awards China 2012 winners announced
Sat, 21 Apr 2012The third annual Car Design Awards China competition came to an end earlier this evening as the winners of the 10 categories were announced along with the nomination for 2012 Student Designer of the Year - Xiao Hangjie, a student at Hunan University. The awards ceremony was held at the studios of CH-Auto in Beijing in the presence of an audience of renowned designers and judges from both domestic and international OEMs, with esteemed designer Chris Bangle acting as master of ceremonies. At the concluding judging session held in Beijing in March, one of the judges, Simon Loasby, Director of Design at VW China, said, "It was so difficult for us to decide on a winner, the entrants were so strong.