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Toyota Venza headed to the market soonToyota rolled its first Venza wagon off the factory floor in Kentucky this week as the automaker tries to push further into the small-vehicle market. ... |
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Lotus Sport unveils 2-Eleven GT4 SupersportThe Lotus 2-Eleven is already one of the most potent track toys money can buy, but the English automaker is one-upping the 2-Eleven with an even more high-performance variation. Dubbed the Lotus Sport 2-Eleven GT4 Supersport, the new version of the racer is now the “pinnacle of the 2-Eleve... |
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Ackman Says G.M. Needs to RestructureWilliam Ackman, it appears, feels that only kind of love General Motors should get from the Federal Government is of the tough variety. The activist investor told Reuters that it would be an error to pour fresh capital into the struggling automaker under its current structure. “G.M. should... |
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Fisker Opens Engineering Center Near DetroitTesla Out, Fisker In Tesla Motors recently announced some layoffs and the closing of their Rochester Hills office near Detroit, and almost mirroring this exactly, Fisker Automotive has announce that it plans to open a 34,000 square feet engineering and development center in Pontiac, near Detroi ... |
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GM: Stock sinks to 65-year low, layoffs continueGeneral Motors' stock price plunged another 14% Tuesday to a 65-year low as the battered automaker said it plans to lay off nearly 2,000 hourly workers. ... |
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Wall Street's recession fearStocks tumbled Tuesday afternoon as recession fears remained front and center, with automaker and financial services stocks leading the retreat. ... |

