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Report: New-vehicle purchase price on the rise

The average purchase price of a new car is on the rise, according to a recent report from automotive analysts at truecar.com. The average transaction price for passenger cars and trucks in the United States was $31,087 last month, up $339 from March 2012. Transaction price, or the out-the-door price, includes taxes, titles and fees.

Chevy, Buick-GMC bosses out at GM

The brand heads of Buick-GMC and Chevrolet are leaving General Motors Co., continuing a management upheaval sparked by the Dec. 1 ouster of CEO Fritz Henderson. Buick-GMC head Michael Richards, who left Ford Motor Co.

Porsche Macan production starts in December

The Porsche Macan (pictured) starts production in December with a bolder look It does seem that the baby Cayenne – the new, Audi Q5 based Porsche Macan – has been on its way for a while, but Porsche has now confirmed production will start in December, with first Macans hitting Porsche showrooms in early 2014. But despite the Macan having been spied many times, seemingly almost undisguised, we really don’t know what it will look like. That’s because Porsche’s man in charge of the design of the Macan - Michael Mauer – has admitted that Porsche has had to go back to the drawing board with the Macan to try and address its design in light of the huge success of the Range Rover Evoque.