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Fisker, Energy Department face tough Congressional hearing on federal loans
Thu, 25 Apr 2013Struggling 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.
Next Dodge Viper will shed some rough edges
Fri, 18 Nov 2011Little by little we're getting a clearer picture of the next-generation Dodge Viper SRT10. During a conversation with Dodge boss Reid Bigland at the Los Angeles auto show, Bigland told me the redesigned Viper "will appeal to a broader segment of the market." The car is expected to debut in 2012 but is not likely to appear at the Detroit auto show, he says. Today's Viper is essentially a street-legal race car.
Nissan hires Magna Steyr to build new entry-level Infiniti car
Thu, 10 May 2012Nissan said Thursday that Austrian contract manufacturer Magna Steyr will build a new premium compact car for the Infiniti brand, starting in 2014. Infiniti boss Andy Palmer said in a statement that the car will help the brand to reach new consumers and grow in key markets such as western Europe. Nissan did not give any more details about the car or say whether it will be sold in markets outside Europe such as the United States.