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Chevrolet to pull out of Europe

General Motors is ‘strengthening’ its ‘European brand strategy’ by pulling Chevrolet out of mainstream markets in Western and Eastern Europe. This is ‘largely due to a challenging business model and the difficult economic situation’ – but does not mean that Chevrolet is set to disappear entirely. On Bing: see pictures of European Chevrolets Find out how much a used Chevrolet costs on Auto Trader Instead, Chevrolet ‘tailor its presence’ by offering only select ‘iconic’ vehicles from the marque’s global portfolio.

Jaguar puts C-X75 supercar on ice

Jaguar has reversed its plan to sell the C-X75 hybrid supercar, fearing the project could be a commercial failure unable to recoup its investment. ‘After a thorough reassessment of the market conditions, the company’s view is that the global economic landscape does not currently support the introduction of a supercar such as C-X75,’ said Adrian Hallmark, Jaguar global brand director. Together with project partner Williams F1, Jaguar has built five prototypes of the plug-in hybrid.

Terrafugia's next flying car to be a tiltrotor?

It took Bell, Boeing and the United States military decades to get the V-22 Osprey from idea to deployable platform. But with one flying car in the final stages of development, Terrafugia's looking to the military tiltrotor for inspiration. With their Transition model slated to begin deliveries in 2015 or 2016, Terrafugia's TF-X has hit the drawing board.