James Raia

Articles by James Raia

Spyker buys Saab in last-minute deal from GM for a reported $400 million

Saab owner General Motors announced the deal without financial details. Several Internet reports, without quoting sources, said the purchase price for Spyker was $400 million, with $74 million in cash. The remainder of the purchase is reportedly in deferred stock shares. Saab is seeking to borrow $564 million from the European Investment Bank, a loan that Sweden announced it will guarantee. Sweden said the EIB and European Commission were still reviewing the loan. Despite a loyal following appreciative of its distinctive style reminiscent of the Jets the manufacturer original made more than 50 years ago, the Swedish carmaker has failed to make money for about two decades. General Motors, which originally purchased half of Saab in 1989, was unable to

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Maybach mistake: Sean P. Diddy Combs buys son $360,000 car, Haiti charity gets $10,000

It’s hard to understand what motivates a father to buy his son a $360,000 Maybach for his 16th birthday. But rapper Sean ‘Diddy’ Combs has few equals when it comes to extravagance and bad taste Combs gave his son Justin Dior a new Maybach during a lavish celebration last weekend. The occasion was filmed by MTV for the reality series My Super Sweet 16. The show is about teenagers’ over-the-top birthday celebrations. The birthday party also featured performances by the rapper’s friends Fabolous, Lil Kim and Juelz Santana. In addition to the Maybach, Combs gave his son a check for $10,000 which the boy gave to singer Wyclef Jean’s foundation, Yele Haiti. Combs bought the car for his son because

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Mattel will debut a Hot Wheels first — pocket-sized Stealth Riders

“Containing a fully functioning vehicle . . . kids can play anywhere, anytime,” said Geoff Walker, senior vice president with Mattel Brands, in an interview on www.CNNMoney.com  “The vehicles provide a unique and cool level of play experience that was not previously possible.” According to the report, the new Hot Wheels model is the size of a credit card and has about the thickness of a cell phone. But it’s also 3D operates, and the features works with the push of a button. When the button is engaged, the flat car expands into a remote-controlled vehicle. The Stealth Riders model Hot Wheels will including two cars, two tanks and a “Batmobile Tumbler.” The toymaker will debut the models next month

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Tesla Motors receives $465 million DOE government loan

The Palo Alto facility will assemble electric vehicle battery packs, electric motors, and related electric vehicle control equipment, both for Tesla’s own electric vehicles and for sale to other automobile manufacturers. The agreement was negotiated and signed by the Department’s Loan Programs Office, which supports the development of innovative, advanced vehicle technologies to create thousands of clean energy jobs while helping reduce the nation’s dependence on foreign oil. Tesla’s planned Model S will consume no gasoline and will not produce any tailpipe emissions. It is being designed to offer a variety of range options depending on the battery pack used, from 160 to 300 miles on a single charge. Volume production of the Model S is planned to begin in

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Chevrolet showcasing Cruze, Aveo, Spark at Washington Auto Show

Here are the cars’ details: Chevrolet Spark: The five-door Chevrolet Spark is the manufacturer’s smallest car. It combines style, roominess and versatility to a segment of extremely fuel-efficient small cars. Spark will provide great fuel economy, and its trim size makes it agile. The U.S. production version of the Spark will debut in early 2012. Chevrolet Aveo RS show car: The Aveo RS show car provides a glimpse of what designers have in mind for the production car. Its electric Boracay Blue finish, motorcycle-inspired exposed headlamps and taillamps, low roofline, fender flares, large wheels and tires, and dual-cockpit interior hint at the next-generation Aveo. The Aveo has a sporty aggressive front fascia; clean, uninterrupted body side lines; an integrated rear

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Chevrolet expands Volt initial debut distribution to Washington, D.C.

On the eve of the Washington Auto Show, Chevrolet said it will deliver more than 100 Volts to several utilities across the U.S. – including Pepco and Dominion, which serve Washington D.C. and its suburbs – as part of an extended demonstration program. The overall program includes 500 charging stations that will be installed for residential, business and public use. They will be used to learn more about the installation process, vehicle charging and to gauge customer feedback. The program is made possible with a grant of more than $30 million in American Recovery and Reinvestment Act funds from the Transportation Electrification Initiative administered by the U.S. Department of Energy. The Chevrolet Volt is designed to drive up to 40

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Lexus RX 350, 2010: Roman Mica's Rambling Review (Video)

But instead of mining for gold, town’s folks now make their money selling coffee and homespun desserts. So what kind of a car is best suited for visiting a striving, hidden gold mining town like Gold Hill, Colorado in the high valleys of the Rocky Mountains? Usually. the new Lexus RX 350 is mostly seen in the low parking lots of America’s malls. But how well does this king of crossovers do when it has to tackle the steep icy and snow-cover roads of Colorado high country? Roman Mica, a contributing editor to TheWeeklyDriver.com shows and tells us in his latest video from TFLCar.com. James RaiaA sports, travel and business journalist for more than 45 years, James has written the

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AMC Pacer gets dubious honor: ugliest car ever built

What’s the ugliest car ever made? It’s all subjective, of course. But more than 2,000 specialty car collectors were recently asked to select the choices for the dubious honor. And the winner (loser?), at least according to one national poll, is the AMC Pacer. Hagerty Insurance, located in Traverse City, Mich., conducted the survey. It tallied nearly 2,500 votes and the Pacer, a small hatchback that was introduced in 1975, was one of three AMC vehicles on the list. The Pacer only lasted until 1980, but it’s not alone among AMC vehicles receiving ugly awards. The AMC Gremlin and Matador station wagon also made the ugliest list. According to the survey, one respondent said: “AMC’s only conceivable excuse for this

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Honda, Lamborghini selected as cleanest, dirtiest cars by 'Green' environmental non-profit agency

A Washington, D.C.-based, non-profit research group, Greenercars.org, is dedicated to advancing energy efficiency as a means of protecting the environment and strengthening the economy. The clean and dirtiest designation are part of ACEEE’s Green Book, a unique consumer resource website providing Green Scores rating the environmental friendliness of every vehicle on market. ACEEE, ranked the cars by their gas mileage  and assigned the cars a green car score. Here are the top-three in the best and worst categories: Cleanest — Honda Civic GX, Toyota Prius, Honda Civic Hybrid; Dirtiest — Lamborghini Murcielago/Murcielago Roadster, Bugatti Roadster, Bentley Azure/Brooklands. To read the complete list, visit: greencars.org. James RaiaA sports, travel and business journalist for more than 45 years, James has written the

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Lamborghini gets dubious honor: least efficient EPA gas mileage averages in 2010

The Italian luxury car has two of the country’s three most inefficient 2010  cars. The Lamborghini Murcielago with manual and automatic transmission have the top and third worst gas mileage, according to the new cars guide released by the U.S. Environmental Protection Agency. Here’s the list: 1. Lamborghini Murcielago (manual) 8 mpg (city), 13 mpg (highway); 2. Bugatti Veyron 8/14; 3. Lamborghini Murcielago (automatic) 9/14; 4. Bentley Azure Bentley Brooklands 9/15; 5. Ferrari 612 Scaglietti (automatic) 10/17; 6. Ferrari 612 Scaglietti (manual) 10/16; 7. Maybach 57 10/15; 8. Bentley Continental Flying Spur Bentley Continental GTC 10/17; 9. Mercedes-Benz ML 63 AMG Ferrari 599 GTB Fiorano 11/15; 10. Several BMW, Aston Martin and Porsche vehicles, 11/17. James RaiaA sports, travel and

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Lexus 450h AWD hybrid, 2010: Roman Mica's Rambling Review (Video)

In Mica’s assessment, the vehicle’s interior is stunning and comfortable. And he’s impressed by the car’s quiet, powerful hybrid engine and its gas mileage as a luxury vehicle. He’s not as keen on the car’s exterior design. James RaiaA sports, travel and business journalist for more than 45 years, James has written the new car review column The Weekly Driver since 2004. In addition to founding this site in 2004, James writes a Sunday automotive column for The San Jose Mercury and East Bay Times in Walnut Creek, Calif., and monthly auto review and wellness columns for Gulfshore Business, a magazine in Southwest Florida. An author and contributor to many newspapers, magazines and online publications, co-hosted The Weekly Driver Podcast

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Toyota announces another massive recall following runaway acceleration car deaths

Four people died Dec. 26 in Southlake, Texas, a suburb of Dallas, when a 2008 Toyota sped off the road, through a fence and landed upside down in a pond. The car’s floor mats were found in the trunk of the car, where owners had been advised to put them as part of the first recall. Although local and federal investigators are still trying to determine why the car went out of control, one possible cause has been definitively ruled out — floor mats. The floor mats were found in the car’s trunk, leading police to speculate that they were removed when the driver was notified by Toyota of the floor mat recall in November, 2009. In the ABC News

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Nissan will join crowded India car market with July debut

“We are well on track to open the new factory in March,” Production will start in May and the first hatchback on the V platform will be sold from July,” Kiminobu Tokuyama, the Nissan Motors India managing director, told Dow Jones Newswires. Annual auto sales are expected to triple in India by 2016. Two-thirds of the cars sold will be small cars. Nissan will join Ford Motor Co., General Motors Co. and Toyota Motor Co. in the assault for part of the share of the small-car market. Suzuki Motor Co. currently sells more than half of the cars in India. Tata Motors, which now has its Tata Nano available only in India as the world’s cheapest car, has already capitalized

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Toyota plans to increase Prius production to 1 million in 2011

Toyota hopes to sell one million models annually worldwide early into this year. The manufacturer’s second hybrid, the Sai sedan, was recently introduced in Japan. The Prius became Japan’s best-selling car in 2009. “For the foreseeable future, the focus of Toyota‘s (low-emission car) strategy will be on hybrids, not electric or fuel-cell cars,” said Yoshihiko Tabei, chief analyst at Kazaka Securities. “Except for Honda, Toyota is facing little competition in hybrids and is set to put distance between itself and other automakers.” The Honda Insight in the primary rival to the Prius, but its sales greatly trail Prius sales. According to a report in Japanese business newspapers, Toyota will add about 10 hybrid models to its existing lineup in the

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Nissan Versa (2009), Ford Escape (2005) Among Cars.com Best Used Cars For About $10,000

In the writers’ words: “Whether it’s a weekday commuter or a Saturday grocery-getter, drivers need their set of wheels, but the average price of a new car — $28,929 including financing, according to Comerica Bank’s latest Auto Affordability Index — is awfully high for many people. “Not to worry; we’ve singled out some good buys for you. With reliability, safety and bottom-dollar value in mind, we looked at new and late-model used cars whose retail values hover around $10,000. We crunched reliability and crash-test scores. We considered standard and optional safety features and looked at how easy it is to find cars with those options. Finally, we considered gas mileage along with our own qualitative impressions — things such as

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GM boss says Hybrids, Electric vehicles not that important

Lutz downplayed the importance of electric and hybrid cars for the future of General Motors at the recent North American International Auto Show in Detroit. The longtime auto industry insider suggested hybrid cars are not as important as the press would lead the public to believe. He also had some strong words for those who don’t like the recent GM bailout. “If you don’t like your tax dollars going to bailout GM,” buy a Chevy, now,” Lutz said. Roman Mica, contributing editor of TheWeeklyDriver.com, produced this video at the Detroit Auto Show. It features Lutz addressing the topic of electric and hybrid cars. James RaiaA sports, travel and business journalist for more than 45 years, James has written the new

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