Rumor Mill

Troubled Financing Stalls GM/Chrysler Deal
Troubled Financing Stalls GM/Chrysler Deal

Eleven billion dollars--that's the cash reserve held by Chrysler that makes it such an appealing acquisition to GM, who's burning through $1 billion a month these days. But as Automotive News reported yesterday, "Chrysler has $9 billion in debt that, under a change of control, would have to be paid...Read More»

2009 Mercedes Benz GL Class 3.0L BlueTec
Diesel Urea Injection: Fact and Fiction

Myths abound about the new generation of clean diesels set to sweep the marketplace this fall (Mercedes E, R, ML, and GL, BMW 3 Series and X5, Audi Q7, Q5, A4, A3, VW Jetta TDI). In an attention-getting headline, our sometimes cynical peers over at Jalopnik blasted this one today: "New Benz BlueTec...Read More»

GM Logo
Chrysler/GM Deal Close, Says AP

A GM/Chrysler deal, while still a speculative move, rings in as an increasingly strong possibility, claims a number of industry insiders, including "a person familiar with the negotiations," said the Associated Press, the Detroit News reports today. Insiders claim that the pace of talks between the...Read More»

Tesla Roadster
Tesla in Trouble?

U.K.'s CAR reports that Tesla is rumored to be laying off 100 staff due to--you guessed it--the global financial mess. Kicking it while it's down, CEO Ze'ev Drori is rumored to be leaving as well. This follows Tesla's recent announcement of a proposed factory in San Jose, California. This marks a...Read More»

Aston Martin Project One-77
Forgetting Its Past, Aston Plans Brash New Lagonda

Aston Martin teased a select audience at the recent Paris Auto Show with its latest concept, the "one 77." With a carbon-fiber chassis, a handcrafted aluminum body, and a 7.0-liter V-12, the one 77 will "deliver exhilarating performance for a strictly limited number of discerning [read: mega-rich]...Read More»

2009 Honda S2000
Honda to Resurrect S2000...As the S3000?

Auto enthusiasts the world over still lament the demise of the Honda (Acura) NSX. And legions of import tuners are still tweaking and lowering their second-gen CRXs, another Honda that was embraced by enthusiasts and promptly left a huge void when it departed in the early 1990s. Enter the rumored...Read More»

Welcome to Prius
2010 Toyota Prius Teased with "Welcome" Screen

In a Web teaser for its redesigned Prius, "Toyota's Prius Team" leaked what fans of Toyota's gas/electric hybrid believe to be the new startup screen from its computer display: "Welcome to Prius." Much like CEO Dieter Zetsche recently announcing Daimler AG had "invented the car--and we will do it...Read More»

2008 Audi A1 Sportback Concept (2008 Paris Auto Show)
First Pics: Audi A1 Sportback Concept

The engineers and designers in Ingolstadt are still trying different permutations of the A1 Metroproject Quattro concept they released at the 2007 Tokyo Auto Show. We reported on the A1 as well as Audi's proposed electric minicar recently, and the five-door A1, to be seen at the 2008 Paris Auto...Read More»

2008 Toyota A-BAT Concept, Detroit Auto Show
Toyota a Step Closer to Prius Pickup

Toyota execs confirm they've asked suppliers to bid on creating parts for their boldly styled concept A-BAT pickup. While this sounds like the truck is a go for eventual production, a senior Toyota exec called the move typical of cost evaluations for a promising project but does not "imply a...Read More»

Senator John McCain
UAW, DNC Blast McCain on "Buying American"

John McCain's claim of "buying American all my life" was perhaps a partial truth, according to the Democratic National Committee. McCain made the comment during a WXYZ TV interview in Detroit recently and followed it up by saying, "and I'm proud." The complete truth, as the DNC tells it, is a fleet...Read More»

Chrysler pentastar
Chrysler Planning Its Own Volt-ish EV?

"In a bid to cheer up its dealers," reports the Wall Street Journal, Chrysler plans to offer its dealers a look at an electric vehicle that it is scurrying to develop. Rumor has it the vehicle would be able to travel up to 40 miles on electric power alone, after which a small gasoline generator...Read More»

Audi logo
Audi Planning Micro Electric City Car

The Interwebs are abuzz with talk of Audi planning a city car along the likes of BMW's Microcar and Benz's Smart fortwo. Unlike the BMW, which will offer both gasoline and electric versions, and the Smart, which offers only gasoline for the moment, we've solely heard of electric propulsion for...Read More»

2010 Chevrolet Camaro SS
GM Launches "Facts and Fiction" Site

Is HUMMER for sale? Will the Camaro have a turbo four? Does GM expect a government bailout? Answers to these and other GM-centric speculations may ostensibly be found - or e-mails and questions sent - at gmfactsandfiction.com. In what appears part rumor-busting, part proactive PR spin machine, the...Read More»

Rumor Mill: Ford Bringing Euro Van to Chicago?

Ford’s fresh from introducing the updated 2009 Ford Escape and ’09 Mercury Mariner at the Washington auto show. And in two weeks, the company’s truck portfolio will increase with the addition of the Transit Connect, an award-winning cargo van sold in Europe. Ford is expected to introduce the...Read More»

Blind Item: A PR Shift Too Late?

A foreign automaker's press department has been fractured ever since the new arrival showed up. But with media and internal relations in a dither, the next assignment for this unpopular PR chief might be a one-way ticket out of North America, where the damage is already been done. Can you turn back...Read More»

The Week in Reverse

Blind item: which Detroit designer’s feeling the heat? Which NYC-based auto exec is plotting his own swan dive? More to the point, how long before folks mistake us for the Star? In real news this week, GM turned in a great profit—great by 2007 standards. By 1991 standards it would be Rick...Read More»

Teen driver
Blind Item: Empty Boxes at Chrysler

What Brit-born designer is feeling lots of heat in Detroit for a run of poorly received car and crossover designs, and is receiving lots of hints that he shouldn't figure on a long-term future where he is no matter who winds up owning the company he works for? The latest hint--empty packing boxes...Read More»

Teen driver
Blind Item: Swimming to Thailand

What top Asian automaker executive known for his passion for swimming is widely rumored to be plotting his exit from his long-time employer, perhaps by year-end, in order to move to Thailand where he plans to settle down with a second family and pursue a venture in the Thai auto industry?Read More»

Blind Item: PR Without Chemistry

Which top PR man at one of the domestics is widely rumored to be on his way out the door? His underlings are talking about his lack of chemistry with the top exec and growing signs of disengagement with the job. His tenure has been bumpy during a difficult period. And he’s said to be headed...Read More»

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