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Ford, Nissan, GM, Chrysler post double-digit April sales gains

UPDATED: Strong demand for large pickups and new models propelled Ford Motor Co., Nissan Motor Co., General Motors and Chrysler Group to double-digit sales gains in April, signaling the auto industry's recovery remains solid. The seasonally adjusted annualized sales rate for April was tracking at 15.1 million based on results from automakers representing 55 percent of the U.S. market, J.P.

Aventador Sold Out. Will that mean cheap Gallardos?

Lamborghini Aventador LP700-4 - sold out for 2011 With production of the Lamborghini Aventador LP700-4 likely to run at no more than about 1,000 cars this year, it’s not the biggest shock in the world that we’re hearing every single LP700-4 slot for 2011 is already sold out. Whatever way you look at it, the LP700-4 does offer a remarkable set of performance stats, all wrapped up in a typically Lambo-esque body. It even gets a carbon fibre tub – long the preserve of the real high-end hypercars – and 0-60mph times that will spank the Huayra and have the Veyron looking over its shoulder.

Detroit will be back, Schwarzenegger tells SAE conference

Borrowing his most famous movie line, California Gov. Arnold Schwarzenegger stepped into the heart of the domestic car industry today, declaring that the Detroit automakers will recover from the economic crisis. "Yes, they're wiped out.