Honda lowers NSX expectations – report

The Nissan GT-R set new standards for all supercars when it first arrived, while at the same time throwing a spanner into the development of Japanese rivals.

One high profile victim of this new performance benchmark was the upcoming successor to the Honda NSX, with engineers forced to return to the drawing board in order to [...]

Ford, Nissan, Tesla score US government green loans

The administration of President Obama in the United States has today announced that Ford, Nissan and Tesla have secured ‘green’ government technology loans to promote the development of more fuel-efficient vehicles.

The trio were made eligible for part of the US$25 billion Advanced Technology Vehicles Manufacturing program by legislation passed in December 2007 which approved monies [...]

GM boss ‘defects’ to Russia

Bo Andersson, who resigned as General Motors’ purchasing chief on Friday, has agreed to become chairman of Russian carmaker GAZ.

GAZ, Russia’s second-largest automaker, said shareholders would request a special meeting to add Mr Andersson’s name to list of board candidates to be elected at a June 29 annual meeting.

Pontiac G8 not yet dead – GM boss

Just when we thought we’d heard the final nail being hammered into the Pontiac G8 coffin by General Motors CEO Fritz Henderson along comes his product chief and throws another possible lifeline to the US version of the Holden Commodore.

Speaking in an interview with US automotive journal Automotive News, General Motors’ vice chairman of global [...]

Ford “on track” to end losses in 2011

Ford Motor Company’s restructuring is on track to be completed without the carmaker seeking emergency government bridge loans and to bring a profit as soon as 2011, executives have told shareholders.

Ford shareholders also approved the company’s funding plan for a healthcare trust for UAW retirees and knocked down shareholder requests to change the voting structure [...]

Chrysler CEO says Fiat talks progressing

Chrysler CEO Bob Nardelli has said he believes talks with Fiat are making progress as the two car manufacturers continue with efforts to complete a proposed alliance that will see Chrysler qualify for additional government loans.

The US Treasury Department has reached an agreement with Chrysler’s largest creditors to cancel US$6.9 billion of debt in exchange [...]