Inside the Industry

Spyker selling sports car business to concentrate on Saab brand

(February 24, 2011) Spyker Cars said today it is negotiating to sell its sports car business to a company controlled by Russian billionaire Vladimir Antonov.

Spyker, which bought Saab from General Motors a year ago, said it has signed a memorandum of understanding to sell Spyker's assets to UK holding company CPP Global Holdings, which is owned by Antonov.

General Motors reports 2010 net income of $4.7 billion

(February 24, 2011) DETROIT – General Motors today announced its calendar year 2010 results marked by $4.7 billion of net income attributable to common stockholders for its first full year of operations.

Volkswagen pickup hits European market

(February 23, 2011) The Volkswagen Amarok, a mid-sized pickup truck, has been unveiled in Europe. The all-new pickup, under development for several years, was first introduced in Argentina just over a year ago in December 2009.

The truck — which will be sold in South and Central America, Europe, Russia, South Africa and Australia — resembles a Ford Explorer SportTrac from the side in double cab mode with the front end of a Volkswagen Touareg sport utility. It will not be sold in North America, at least at the outset.

Saab 9-3 gets more horsepower, styling tweaks inside and out for 2012

(February 23, 2011) TROLLHATTAN, Sweden — The 2012 Saab 9-3, revealed today, features refreshed exterior and interior styling, backed by a more powerful, fuel-efficient engine.

The 9-3 gets new front bumpers and signature Saab "ice block" headlights. Inside, the instrument panel, cabin décor and seat upholstery are all given a fresh look.

Ford recalling 144,000 F-150 pickups for airbag problem

(February 23, 2011) Ford is recalling F-150 pick-ups for a problem with the airbag. The Detroit News reported today that Ford is recalling 144,000 F-150s from the 2005-06 model years — 135,000 in the US and 9,000 units in Canada. Affected models were all made at Ford’s Norfolk plant between November 2004 and June 2005.

Ford launches Electrified Vehicle Facebook page

(February 23, 2011) DEARBORN, Mich. — Ford has launched an Electrified Vehicle Facebook page to serve as a place where passionate enthusiasts or curious consumers can find and share information about the company’s electrified vehicles.

The Electrified Vehicle Facebook page is part of Ford’s efforts to educate consumers on the variety of choices available with electrified vehicles and what the company is doing to make an electric lifestyle as easy as possible.

BMW to display mini version of its Mini

(February 23, 2011) German luxury carmaker BMW will display a mini version of its Mini car March 1 at the Geneva Motor Show. Dubbed the Rocketman, the two-door hatch is likely to appeal to fans of the original 1950s runabout famous for its cornering.

The Rocketman is as wide and tall as the current Mini but, at 11 feet 3 inches long, it's a foot shorter.

Subaru offers teaser of sports car to be shown in Geneva

(February 22, 2011) Making its world debut at the Geneva Motor Show on March 1 will be the Subaru "Boxer Sports Car Architecture" concept, currently under joint development with Toyota. Subaru says its partnership with the world’s largest car manufacturer has "proved hugely successful in bringing the project to fruition in a timely and cost-effective manner."

Ferrari to reveal new FF on line prior to its Geneva appearance

(February 22, 2011) In the past few weeks Ferrari has revealed details of its new 12-cylinder FF, the company's most powerful and versatile four-seater ever, as well as its first four-wheel drive car.

The Ferrari FF — an acronym for Ferrari Four (four seats and four-wheel drive) — will be unveiled March 1 at the Geneva Motor Show, but will get its first official showing Wednesday (Feb. 23) on line at 6 p.m. (CET) at the Ferrari web site.

GMC uses noise-canceling technology to help improve gas mileage of Terrain

(February 22, 2011) DETROIT — The technology that makes high-end noise-canceling headphones coveted by frequent flyers and iPod audiophiles is helping GMC Terrain owners save gas.

Active noise cancellation does double duty on Terrain. The technology enables the crossover to deliver a segment-leading EPA-rated 32 mpg in highway driving while ensconcing the driver in one of the quietest interiors in its segment.