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Ferrari, Lamborghini, Maserati, Bentley not attending 2009 LA Auto Show
Despite the fact that Los Angeles is probably one of the largest luxury market in the United States, Ferrari, Lamborghini, Maserati and Bentley won’t be attending next month’s 2009 LA Auto Show. “Bentley won’t have a presence in LA,...
Chrysler introduces holiday ‘Year-end Wrap-up’ incentive
After a pretty dismal October, Chrysler is looking to boost sales with new incentives. “Chrysler Group is happy to kick-off our ‘Year-end Wrap-up’ just in time for the holiday season,” said Fred Diaz, President and Chief Executive Officer–...
MTM gives the Audi TT RS gets 424-hp
MTM has released a new tuning package for the Audi TT RS, a rebirth of the 5-clyinder engine that MTM says is “perfect motorization for drivers who like their car being suitable for racing.” After undergoing some upgrades, the MTM Audi T...
Report: Tesla Motors to offer IPO any day now
Two people familiar with the situation told Reuters today that electric-vehicle automaker Tesla Motors is planning to go public soon. The sources said that Tesla is outlining plans to offer an IPO and cash in on investors who are interested in the ...
Report: Michael Schumacher could return to F1 with Mercedes
Michael Schumacher is reported to make a come back to Formula 1 with the new Mercedes team, according to BBC Sport. “Mercedes want the seven-time champion as their lead driver after taking over title-winning Brawn,” BBC Sport’s Edd...
Volkswagen to invest $29.55 billion between 2010 and 2012
Volkswagen AG is planning to invest an automotive capital expenditure of around 19.9 billion euros ($29.55 billion) between 2010 and 2012. The German automaker said that an estimated 13.3 billion euros of the total investment will go into property,...
