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New concepts to be revealed at Pebble Beach
Tue, 16 Aug 2011The international auto show in Frankfurt is but a few weeks away, yet for important new cars in the American market there's further proof that traditional auto shows such as Detroit are being shunned as launch venues in favor of more exclusive and pretigious events. That's because Cadillac, Infiniti, Lexus, Lotus and possibly a few others are set to reveal new production and concept cars at the Pebble Beach Concours d'Elegance later this week. Lexus is set to unveil its production GS350 (previewed by the Lf-Gh concept in New York earlier this year), the fourth generation of its luxury sports sedan, on August 18, while Cadillac's 2013 ATS will also be revealed.
New Mercedes CLA photos & new Mercedes 4MATIC 4WD – UPDATED
Thu, 13 Dec 2012We have the first official photos of the new Mercedes CLA and news of a new Mercedes 4MATIC 4WD system for Mercedes’ smaller cars. The new Mercedes CLA – the baby CLS based on the new A Class and previewed by the Mercedes Concept Style Coupe we saw at the Beijing Motor Show - will arrive at the Detroit Auto Show in January (and be followed by the CLA 45 AMG at Frankfurt in Autumn 2013), and will come with a new Mercedes 4MATIC four wheel drive system. To herald the arrival of the new CLA and the new 4MATIC system, Mercedes has released details of the new 4MATIC system and sent us the first official photos of the production CLA – albeit with the usual swirly black and white camouflage – to illustrate where their new 4WD system will arrive.
Chrysler posts $370 million net loss on costs tied to repaid loans
Tue, 26 Jul 2011Chrysler Group LLC, after recording its first post-bankruptcy profit three months ago, posted a net loss of $370 million in the second quarter due to costs tied to the repayment of government bailout loans. Chrysler incurred a charge of $551 million in paying back the U.S. Department of Treasury and the Canadian loans that kept the automaker afloat in 2009.