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Vauxhall Vectra renamed as Insignia

By Motor Industry 03 December 2007 09:46 Vauxhall has renamed its Vectra replacement, and like we all thought, it's going to be called Insignia. According to Vauxhall the Insignia name represents 'a new name for a new era', and we'll see if Vauxhall is telling the truth when the covers come off the new car at the British Motor Show in July 2008. It's a big claim for Vauxhall, but the teaser shot (above right) shows that at least Vauxhall seems to have gotten the design of the Insignia right.

Toyota cuts 2014 Prius Plug-in hybrid prices

For the 2014 model year the Toyota Prius Plug-in hybrid will get a price cut, with the base Prius Plug-in model starting at $29,990, not including destination. The $2,010 drop in price comes without any changes to the vehicle, and Toyota was keen to point out that "This price repositioning on the base Prius Plug-in Hybrid is not accompanied by any reduction in vehicle content.” This drop in price can be viewed as part of Toyota's effort to keep sales volume of its popular plug-in hybrid model on target -- about the only place where the 2014 model Prius will look different will be the Japanese domestic market, where the Prius will get two-tone paint options, new wheels, and LED lighting. Likewise, the Prius Plug-in Advanced will also get a price cut for the 2014 model year, and will start at $34,905, not including destination.

GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.