DaimlerChrysler AG decided the future of Chrysler, by selling 80% of the stocks to Cerberus Capital Management, for a sum close to $7.4 billion. A bad deal if you compare it to the $36 billion spent to merge the two companies back in 1998. DaimlerChrysler AG will now be renamed to Daimler AG, and it will keep 20% of Chrysler, plus it will give them a $400 million loan.
So, after two months of negotiations with several bidders, the fate of Chrysler if finally decided. DaimlerChrysler first mentioned that Chrysler is up for sale in February, following the announcement of a $1.5 billion loss and a restructuring plan that would cost up to 13,000 jobs. Read More: “Cerberus acquires Chrylser”
Even though everybody knew for some time how the Saab 9-3 facelift, which will be released next year, will look like, we now have an official release of some photos of this car. Most people look at Saab as an old company with no new fresh ideas and with aged models that don’t appeal no more. I don’t think so, I mean, I’ve always liked Saab for some reason I haven’t yet discovered, but the fact is that I like it. I don’t know if I would buy one, but I think it’s cool that it offers an interesting option for some people.
Now, about the upcoming 9-3 facelift, it is based on the Aero X concept and will feature bold styling and cutting edge technology for greater driving appeal. Unfortunately Saab didn’t give us any important info, except for that we already knew. No mechanical specs, so we don’t know much about the 290 Hp 2.8 V6 Turbo engine or Saab’s AWD technology. But we expect more info from Saab soon. Read More: “Saab 9-3 Facelift Official Photos”
Mercedes’ factory tuner, AMG celebrates 40 years of existence. The company was founded in an old mill in Burgstall (near Affalterbach) by Hans Werner Aufrecht (A) and his partner Erhard Melcher (M); the third letter in the company name (G) came from Aufrecht’s birthplace, GroÃŸaspach.
The company has grown into a supplier of exclusive high-performance cars with some 750 employees, an extensive model range comprising 18 different AMG cars, customers across the world and a brand name which has gained a high level of recognition. The turnkey in AMG’s history was 1990 when they signed the agreement with Daimler-Benz AG, with Mercedes-Benz C 36 AMG being the first jointly developed vehicle to result from the cooperation agreement, in 1993. Read More: “40 Years of AMG”
After the facelift Volkswagen gave to the Touareg in January, the German tuner ABT made some impressive modifications to the SUV. The mods include a full bodykit with front spoiler lip, side skirts, fender extensions, rear wing, rear skirts and a 4-pipe exhaust system. The Touareg also got new 19, 20 or 22-inch alloy wheels. The mechanical mods include a revised suspension and brake system and the engine(ABT offers three diesel and one petrol version, all of which come with a power increase: 2.5 TDI with 195hp (21hp more), 3.0 TDI with 270hp (45hp more), 5.0 V10 TDI with 360hp (47hp more) and finally the petrol 4.2 V8 with an output of 500hp (150hp more than the basic one). Read More: “Volkswagen Touareg Facelift By ABT”
Alfa Romeo Brera is a beautiful car, no question about it. And the folks at Lester made sure it gets even better. The body kit by Lester personalizes its frontal with changes to the air intake, to the inferior grill, with an overturned trapezoid shape, besides new elements, like the sculpted profiles of the new bumper. The rear part becomes more aggressive, with the adoption of a rear apron and of an aerodynamic spoiler which intensifies the sporty inclination of the car. Click for more pics. Read More: “Alfa Romeo Brera By Lester”
Here are some spy shots of the next generation Hyundai Tiburon Coupe taken with the car getting close to the final version that will be presented to the public next year. The 2009 Hyundai Tiburon will have an all-new platform but the front-drive configuration is likely to stay, but with a range of more powerful four-cylinder and V6 engines. Apparently Hyundai is working on a new rear-wheel-drive coupe based on its upcoming premium Genesis model. Click to the see the spy shots. Read More: “2009 Hyundai Tiburon Coupe Spy Shots”
No, its not a prank, “General Lee”, the 1969 Dodge Charger which appeared on the classic show “Dukes of Hazzard” was sold on eBay for an eye-popping $9.9 million. Yup, no mistake. The winning bid was $9,900,500.00. Impressive. The car was owned by John Schneider (Bo Duke) before starring in Warner Bros production and becoming a myth. It even has a scratch from one of the shootings. If the buyer will pay, “General Lee” will become the second most expensive car sold on eBay, after Christie’s Auction House sold a rare 1931 Bugatti Type 41 Royal Sports Coupe for $11 million. Read More: ““General Lee” sold for $9.9 million”
After the Mercedes-Benz McLaren SLR has been out for some time, Mercedes decided it’s time for this magnificent super-car to go topless, so they presented the Mercedes-Benz McLaren SLR Roadster. The car, which will be available starting September 2007, will be powered by an AMG V8 compressor engine delivering 460 kW/626 hp, and it will reach a top speed of 332 km/h. Click for more pics. Read More: “Mercedes-Benz SLR McLaren Goes Topless”
If your name is Shaquille O’Neal, you might wonder what could go wrong in your life? Well, Shaq’s latest problem was his Lamborghini Gallardo which had to be modified by Gaffoglio Family Metalcrafters, so that the 7.1 feet NBA superstar could feel more confortable in it.
The Gallardo received custom extended doors, roof and side windows. The challenge was also to keep the car’s “visual integrity” with the changes. Glass fabrication was a particular challenge, so the company relied on their aerospace and coachworks divisions to make sure Shaq could fit in the car. And they did a great job, and the Lambo still looks normal, even if its now 12 inches longer. I imagine Shaq having a “Pimp my ride” reaction “ohh my good, thank you X, thanks Gaffoglio for pimping my ride”.
Mitsubishi unveiled some more close to production-model shots of the upcoming Mitsubishi Lancer Evo X. The model, which was first presented in 2005 in Tokyo is getting closer to it’s production look, because it seems that the street production version Evo will be almost exactly like the one presented in this shots.
The new model features Mitsubishi’s S-AWC3 traction and handling system, that integrates the control of drive torque and braking management with the four-wheel drive system, and it will be powered by a new lightweight and high-performance 2.0-liter turbocharged MIVEC4 engine with aluminum cylinder block and a 6-speed automated manual transmission that contributes to exceptional performance with improved fuel economy. Read More: “Mitsubishi Lancer Evo X Almost Ready”
Sometimes some very interesting gadgets show out there and we feel the need to mention it. Now we’ve got a real cool shift knob from the german company Indy-Cator. What makes this knob so special? Well, it has an integrated LCD displays that shows your current gear. Don’t know exactly how useful this is, but you have to admit, it look awesome. The gadget is available in red or blue display and you can get it now for just $169. Read More: “Indy-Cator LCD Shift Knob”
Sometimes you just have to say WOW. And that was our first reaction when we saw BMW’s latest project, the BMW CS Concept. Presented at the Shanghai Auto Show, this will probably be the next 8 series BMW, which will compete the Mercedes CLS and the upcoming Porsche Panamera, in the sporty 4 doors coupe class.
Measuring at 5.1 m in length, the high-end car features 21 inch wheels, giving the concept an aggressive look. Apparently, BMW will fit the production car with a 6.0L V12 engine derived from the V10 currently found in the M5 and M6. No official info from BMW so far, but we’ll let you know when there is. Read More: “BMW CS Concept”
Photos of this beautiful tuned Porsche Cayenne name Top Car Vantage GT were published on a Russian website and you have to admit, it look astonishing. Top Car is a Russian tuner and they created this beauty. Read More: “Porsche Cayenne Based Top Car Vantage GT”
It seems like the crossover market looks very attractive to car companies, because we’ve seen lots of concepts lately. Presented at the Shanghai Auto Show, the Audi Cross Coupe Quattro is a very interesting concept, with it’s sporty and elegant look. The four-seater car sports 20 inch wheels, a fabric folding roof and a transversely positioned 4-cylinder 2.0-litre TDI engine under the hood, engine which produces 204 bhp.
Also, for the first time, Audi presents a single component lighting system that employs LED technology for both headlights and cornering lights. Almost sure this concept will be the start point for the upcoming Audi Q5 which we expect to see in the autumn. Read More: “Audi Cross Coupe Quattro Concept”
Buick announced this week the Canada pricing for it’s luxury crossover, the Buick Enclave, which will be available this summer. It will start from $40,895 for front-wheel drive CX models and $43,895 for all-wheel-drive CX models. The front-wheel-drive CXL begins at $48,295, while the all-wheel-drive version starts at $51,295.
The Buick Enclave will come equipped with a 275 hp 3.6L V-6 dual-overhead camshaft engine, which, together with Buick’s six-speed automatic transmission, will offer excellent fuel economy and great handling. Read More: “Buick Enclave Pricing For Canada”