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General Motors to kill Daewoo name in South Korea, switch to Chevrolet

General Motors Co., trying to position Chevrolet as a key global brand, is killing the long-used GM Daewoo name in South Korea and putting the Chevy bowtie on its cars there. The name GM Daewoo Auto & Technology Co., in use since GM took over the struggling South Korean automaker in 2002, will be phased out by the end of March. The new name will be GM Korea Co., the company said in a statement.

LaFerrari commanding £1 MILLION premium – and the McLaren P1 and Porsche 918 Spyder attracting premiums too

LaFerrari commanding £1 MILLION premium Being at the top of the new owners list for a very desirable, and scarce, car can yield big benefits, and none more so recently than for Ferrari’s hypercar – the LaFerrari. Oracle Finance has been busy looking at the premiums being charged for desirable cars (and, presumably, willing to finance to premium too) and have discovered that those not on Ferrari’s VIP list – and therefore not invited to buy a LaFerrari from Maranello – are willing to pay a premium of £1 million to get their hands on Ferrari’s replacement for the Enzo. But it’s not just LaFerrari that’s commanding hefty premiums.

BMW 5-Series Gran Turismo (GT) concept unveiled

The BMW 5-Series GT - Due to launch at Frankfurt in September [ad#ad-1] The Germans do love a niche or two. Audi seems to be trying to cover everything from a runaround to a supercar, and Mercedes has gone as far as to build an S-Class people carrier (the R-Class) and a super-luxo-barge (Maybach). But BMW play the game as well – the BMW X6 being a good case in point.