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Opel to revive Monza line with Frankfurt-bound concept

Opel will unveil a new concept aimed at reviving the Monza line at September's Frankfurt motor show, according to reports emerging from Germany. The concept is believed to be a large coupé showcasing the brand's latest in lightweight materials and in-car technologies. Details are scarce, but it is allegedly based on a shortened Cadillac ATS platform with a rear-wheel drive layout and will include a range of four- and six-cylinder engines with displacements between between 2.0 and 3.6-liters.

Car dealers are buying again

Used car sales in the UK (and just about everywhere else, for that matter) have been in the doldrums, to say the least, for many months. The inexorable decline in car values has left many dealers nursing painful losses on stock cars, and has led to the strange situation where, however desperate a dealer was to sell you a new car, he wouldn’t (or couldn’t) offer you a part-ex price. Car dealers are buying stock again But according to the used car value Gurus at Glasses Guide, things are starting to look up – a little.

Fisker, Energy Department face tough Congressional hearing on federal loans

Struggling Fisker Automotive took a bludgeoning Wednesday on Capitol Hill from top congressional Republicans who compared Fisker to failed automotive startups of the past and lambasted the Department of Energy for allowing the electric-car producer to draw down nearly $200 million in taxpayer-funded loans. House Oversight Chairman Darrell Issa, R-Calif., told Fisker founder Henrik Fisker that he will be remembered fondly for his design work for BMW and Aston Martin. But he compared Fisker to Malcolm Bricklin, John DeLorean and Preston Tucker -- three entrepreneurs known for their failed startup car companies.