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GM 'will lose money' on the new Chevrolet Volt
Thu, 18 Sep 2008By 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.
New VW Golf GTD to cost just £199 a month. Sort of.
Fri, 02 Aug 2013The VW Golf GTD (pictured) can be had for £199 a month – if you’ve got a big deposit There’s no question that car buyers are getting themselves in to new cars at affordable money thanks to the range of finance packages on offer now, including leases, PCP and contract hire. That’s good for car makers, dealers and the car buying public as it leads to more sales and more people driving modern, reliable and efficient cars. But the headline price is not always as clear cut as it seems.
Kia Picanto
Thu, 06 Jan 2011Kia is set to unveil its next generation Picanto city car at the Geneva motor show in March in the next step of its continual range overhaul. As these first images show, the diminutive A-segment hatchback has been totally redesigned to give it what Kia describes as a 'bolder, more mature and more self-confident look'. While the outgoing model's high H-point (and corresponding proportions) remain, its DRG has been brought further in-line with the rest of the Kia range, with Venga-referencing headlamp graphics, a 'tiger-nose' grille and a surprisingly dominant trio of faux air intakes.