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Daimler raises its stake in Aston Martin to 5%, as alliance deepens
Mon, 04 Aug 2014By Tim Pollard Motor Industry 04 August 2014 17:42 Daimler has raised its stake in British sports car maker Aston Martin as the Anglo-German alliance strengthens, it emerged today. The Mercedes-Benz parent company grew its stakeholding by 1% on 31 July 2014, the company confirmed. Daimler now owns 5% of Aston Martin.
GM throttles back on performance cars for 2010
Fri, 08 May 2009It should not be a surprise, as General Motors scrambles to cut costs and cars sit unsold on dealers' lots, that the automaker is cutting high-performance versions of several vehicles for the 2010 model year. According to information from online ordering guides made available to GM dealers, the 2009 model year is the last for the Chevrolet Impala SS, the Pontiac G6 GXP and the Cadillac STS-V. Also, the SS trim in the Chevy Cobalt lineup will be limited to the coupe body style.
Fiat 500e EV LOSES $14,000 on every one sold – so please don’t buy, says Marchionne
Thu, 22 May 2014Fiat lose $14,000 on every electric 500e The electric Fiat 500e arrived as a concept at the Detroit Auto Show in 2010 and finally arrived as a production reality at the Los Angeles Show in 2012 before going on sale in the US. The 500e is an appealing little car for zapping around town, especially if you only do a relatively low mileage every day and have somewhere to plug it in. But it is rather expensive.