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Late Tuesday, General Motors and Chrysler submitted their recovery plans to the government. The bottom line: GM and Chrysler say the need another $18 billion total in government loans to make it until auto sales turn around. As part of the plans, the automakers gave a preview of some future products that they hope will help drive the turnaround.
Ford will show off a new design concept car at the 2011 Frankfurt motor show, it confirmed today. It'll be one of 'four global product reveals... including a major new design concept and details of the next Focus performance car,' according to a brief statement released by the Blue Oval.
THE NEW global all-electric racing car series Formula E is to have its headquarters at England’s Donington Park circuit. Construction of the multi-million pound facility has started, with a view to making the facility the home of testing and development for the series’ battery-powered cars. There will be ‘state-of-the-art’ facilities for all 10 Formula E teams as well as workshops, offices and stores.
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