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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.
Bentley SUV Geneva debut?
Sat, 11 Feb 2012Bentley SUV debut imminent? Reports suggest that the Bentley SUV – Bentley’s first all-terrain car – will debut at the 2012 Geneva Motor Show in March. It seems certain that we will get a Bentley SUV at some point to mop up sales from wealthy car nuts in emerging markets and the Middle East.
Audi announces 2015 A3 pricing
Fri, 25 Oct 2013The last A3 we drove, an Irish-spec model with cloth seats and a 1.4 TSI engine paired with Audi's S-tronic twin-clutch gearbox, retailed for $54,495. Thankfully, American buyers won't face that sort of out-the-wazoo payment when the new sedan arrives early next year. Audi's announced a price that takes a direct shot across the bow of rival Mercedes-Benz' CLA: $29,900.