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Posted on Sep 10th, 2008 by Vlad Balan

1 Comment Category: Other Carmakers

It seems that things keep getting worse for GM, because a few days ago, one of the largest US Hummer dealers closed it’s doors. Dan Towbin, also known for A&E television series “King of Cars“ and the owner of the only Hummer dealer in Las Vegas, announced that, even though he’s a huge fan of Hummer cars, recent financial results force him to do that. He is the eighth large Hummer dealer who has decided to close down, this year.

Towbin said that he was paying $6,000 in incentives and, considering Hummer prices range from $31,000 for the H3 and $64,000 for the top of the line H2, his profits really went down. In August, US buyers received an average of $8,861 in various incentives for each vehicle sold, which represent an incredible 22.6% of the price of the vehicle and that wasn’t enough, because Hummer sales still were down 47% this year. According to industry analysts, Hummer’s only change of surviving is in markets like Middle East, Africa, Asia and Eastern Europe, where customers don’t really care about the fuel consumption but more about Hummer’s appeal.

So, things don’t look good at all for Hummer, I mean, when the Las Vegas dealership closes, that’s a big sign you’re in trouble. Oh, and I almost forgot to tell you. Instead of the Hummer business, Towbin is planning on opening a Smart dealership. Yup, that’s right, Smart.

Read More: “Another large US Hummer dealer closes”

Posted on May 12th, 2008 by Vlad Balan

2 Comments Category: Lamborghini

Everyone agrees that the Lamborghini Reventon is one of the coolest cars ever made. Presented last year at the Frankfurt show, the car was produced in a limited run of only 20 units, plus another two units, which will be kept by Lamborghini. Of these 20 units, 19 are already sold and the last available car arrived this weekend at the Lamborghini dealership in Las Vegas.

Priced at 1 million Euros (without taxes), the Reventon is basically the result of a mating between an Murcielago LP640 and a fighter jet. Based on the LP640, the car’s engine develops 650 hp (10 hp more than the LP640) and though its performance figures are not changed, the body kit is a result of Lambo engineers and designers using fighter jet aerodynamics.

As we said, the car is priced at around $1.5 million, but considering that it’s the last available unit and that it’s Vegas, we expect the model to be sold with more than that.

Check out more photos after the jump.

Read More: “Last available Lamborghini Reventon arrives in Las Vegas”

Posted on Jan 8th, 2008 by Vlad Balan

No Comments Category: Other Carmakers

With just on week ahead of the Detroit Auto Show, at the Consumer Electronics Show (CES), in Las Vegas, we had an interesting premiere, the high-tech Cadillac Provoq Concept. Based on GM’s E-Flex platform we’ve seen on the Chevy Volt and the Opel Flextreme, the Provoq is a futuristic hybrid crossover, which can run on electric power (approximately 20 miles) and CNG natural gas (another 280 miles).

From the press release:
“The concept can drive 300 miles (483 km) on a single fill of hydrogen – with 280 miles (450 km) from hydrogen and 20 miles (32 km) on pure, battery electric energy.

A pair of 10,000 psi (700 bar) composite storage tanks beneath the rear cargo floor hold 13.2 pounds (6 kg) of hydrogen to feed the fuel cell stack, located under the hood. There, hydrogen mixes with oxygen to generate electricity – up to 88 kW continuous power. A lithium-ion battery pack can store up to a total of 9kWh of electrical energy and also provides a peak of 60 kW of power for additional performance.

The electricity generated by the fuel cell is distributed to a 70 kW co-axial drive system for the front wheels and individual, 40 kW wheel hub motors on the rear wheels, giving the Cadillac Provoq its all-wheel-drive traction and great driving dynamics. Its 0-60 mph (approximately 100 km/h) speed of 8.5 seconds is a more than 30-percent improvement over the previous-generation fuel cell system and with instantaneous torque to the wheels, it feels even faster. Provoq has a top speed of 100 mph (160 km/h).”

View a complete photo gallery of the Cadillac Provoq Concept after the jump, plus the full press release.

Read More: “Cadillac Provoq Concept unveiled at CES, in Vegas”