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Analysis: why GM is pulling Chevrolet out of Europe

The news that Chevrolet is to leave the western European car market (while staying in eastern Europe and Russia) is not a huge surprise, but it provides an interesting contrast to the success of fellow Koreans, Hyundai and Kia. “Fellow Koreans?” you might say, “but isn’t Chevrolet American?” Yes and no. The Chevrolets we were getting were all made in Korea in the factories that used to be owned by Daewoo, except for the handful of Camaros and Corvettes, which were authentically American.

A new batch of Ford Mustang Cobra Jets is on the way to racers

The 40th Anniversary 2008 Mustang Cobra Jet, announced about a year ago, has been such a huge success for Ford Racing that the company will build a 2010 model, available later this year. Like the '08 CJ, just 50 examples of the turnkey race car will be built, the minimum number to homologate the car for competition in National Hot Rod Association events. An '08 Cobra Jet won its inaugural event in the Stock Eliminator Class in February at the NHRA Winternationals in Pomona, Calif., just as the original 1968 Cobra Jet did.

Alfa faces product freeze under a review of the struggling brand

Fiat S.p.A. could freeze new investment in Alfa Romeo under a strategic review of the money-losing brand ordered by CEO Sergio Marchionne. A product freeze is one of two alternatives that Fiat is considering to end years of losses and declining sales at its sporty premium brand.