News

NewsGM Declares Bankruptcy
This morning, GM released the following short, simple, and depressing message: “The General Motors Board of Directors authorized the filing of a chapter 11 case with regret that this path proved necessary despite the best efforts of so many. Today marks a new beginning for General Motors. A court-supervised process …
New ModelsFiat 500 American Unvieling Promised in 18 Months
If you’ve spent any time covering the international automotive markets, you’ve probably noticed a plethora of articles outlining the fantastically retro Fiat 500’s release in Europe. Styled after Italy’s answer to the classic Mini, the 500 has again entered the vastly popular European small car market as a more upscale …
New ModelsCadillac launches two new vehicles this summer
• All-new SRX Crossover starts at $34,155 • CTS Sport Wagon strengthens CTS model lineup Cadillac’s model lineup expands with two dramatically-designed new luxury vehicles that also bring new dimensions of versatility and efficiency to the marketplace. Cadillac announced today that the 2010 SRX Crossover, scheduled to begin production this …
NewsGM says bondholder offer fails; bankruptcy likely
A General Motors Corp. (NYSE: GM) bankruptcy filing seemed inevitable after a rebellion by its bondholders forced it to withdraw on Wednesday a plan to swap bond debt for company stock. GM has until Monday to complete a government-ordered restructuring that includes debt reduction, labour cost cuts and plant closures.
NewsPorsche Flirting With Disaster
After making serious headlines with their attempts to acquire Volkswagen, it seems that the wheels have come off at Porsche. Apparently they’ve gone from selling more product than ever before and earning more money on each vehicle sold than any other manufacturer to asking for bailout funds from the German …
New Models2010 BMW 5-Series Gran Turismo: Ugly Unleashed
BMW’s latest designs have been, for the most part, unanimously well received. Although the first of the Bangle era, the 7-series, faced some teething issues with its flame surfaced styling language, the similar treatment of the 5, 3, X3, X5, Z and newest 1 series have all been considered well …
NewsFerrari Developing AWD System
It appears to be all the rage these days to have your automaker’s biggest secrets divulged through inadvertent patent releases. With a surge of manufacturers suffering early releases at the hands of international patent offices, it still comes as something of a surprise to hear that not even the might …
NewsToyota voted most trusted brand by Canadians in Reader's Digest survey
Canadians choose Toyota as both Most Trusted Passenger Car Manufacturer and SUV Manufacturer Trust. It's something Toyota Canada works very hard to earn from its customers. That's why Toyota is proud to be voted Canada's Most Trusted Brand in two categories - Passenger Car Manufacturer and SUV Manufacturer - in …
NewsGM Canada confirms 42 per cent of dealers getting termination notices
General Motors Canada has confirmed it is informing 42 per cent of its dealerships today that their sales-and-service relationships with the automaker will end. GM says that as part of its "more aggressive operating plan,'' under pressure from the federal and Ontario governments, it will advise Canadian dealers of the …
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