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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.

Packard 1108 Twelve wins Pebble Beach concours

The 1934 Packard 1108 Twelve that won the Pebble Beach Concours d'Elegance in a perfect coat of dark green paint was once a lowly taxi cab prowling the streets of Puerto Rico in roughly applied red and orange livery. "A gentleman named Ricardo Ricasta bought it in New York in 1934 and the car returned to Ricasta's original home in Puerto Rico for a while," owner Joseph Cassini said. "When he passed away and the family had no interest in the car, it became a taxi cab for a while." Imagine hailing a cab in downtown San Juan and this magnificent Packard rolls up.

2014 Chevrolet Corvette spied with C7 body!

Corvette's future is crystallizing as the temperature drops. The C7 was captured by spy shooters in cold-weather testing in the Great White North, and the profile indicates a wedge-like silhouette, curvy, slightly flared fenders and a potentially longer wheelbase. Production of the next-generation 2014 Chevrolet Corvette will begin next year.