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GM, Chrysler get cold shoulder from consumers, report says
Fri, 20 Mar 2009General Motors and Chrysler clearly have an image problem. In a classic case of: "It's not me--it's you," fewer consumers are considering the two Detroit automakers in the wake of their pleas for government assistance and bankruptcy rumors. The share of buyers who would make a GM car their primary choice fell 12 percent, and the share of Chrysler intenders dropped by one third, according to a study released Thursday by CNW Research of Bandon, Ore.
Autoweek in review: NASCAR fans hire lawyer, McLaren prices the P1
Sat, 02 Mar 2013March is here, and things are warming up in the automotive world. On Monday Alfa Romeo teased the 4C interior ahead of the Geneva motor show, and we wound down after a sobering weekend of racing. We reviewed the 2014 Jeep Grand Cherokee on Tuesday and heard that the McLaren P1 supercar will sticker for $1.15 million when deliveries begin in early 2014.
Porsche to take majority stake in VW for £7bn
Fri, 07 Mar 2008By Ben Whitworth Motor Industry 07 March 2008 11:26 Porsche is about to become the majority shareholder in Volkswagen. The sportscar maker has been given the green light to purchase further stock in VW, taking its share past the 50 percent mark to give it a controlling interest. As soon as various legal checks have been cleared, Porsche plans to purchase a further 20 percent of VW stock – it already owns 31 percent - at an estimated cost of around £7 billion.
