Italian newspaper reports Fiat considering selling share of Ferrari

Fiat, based in Italy, reportedly is seeking liquidity to allow it to finance the acquisition of 51 percent of Chrysler. Selling Ferrari could be the solution, according to the daily newspaper’s sources in Fiat’s headquarters in Turin. FOR MORE FERRARI INFORMATION, VISIT: Ferrari According to the report, Fiat, which owns 85 percent of Ferrari, would keep a majority 51 percent stake in the sports car unit which, it said, is worth $3.1 billion. Ferrari this week is debuting its limited edition convertible sports car at the Paris Motor Show. A Fiat spokesman denied the report, commenting to Reuters: “There are

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Ferrari limited series convertible will debut at Paris Motor Show

Only 80 of the 12-cylinder, front-engine roadsters will be manufactured. The first models are expected to reach the buyers by the end of the year and all of 80 new offerings have already been sold. According to a Ferrari release: “The SA Apera is a true roadster which allows its occupants to enjoy the superlative emotions afforded by our signature front-engine V12 architecture in a completely open-top setting. In fact, it has just a light soft top designed to be resorted to only if the weather gets particularly bad.” The roadster has a low-profile windscreen and crouches lower to the

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BMW will test second electric car in four U.S. metro areas in 2011

The four-passenger ActiveE is based on the 1 Series Coupe and has a 32-kilowatt-hour lithium-ion battery pack. Introduced at the Detroit auto show in January, the ActiveE has a 100-mile range per charge. It takes 8.5 seconds to reach 60 miles per hour and has a maximum speed 90 mph. BMW‘s Mini E, its debut electric vehicle, was deployed worldwide and now including more than 600 test cars in its second year. The ActiveE is scheduled for testing only in the United States. Mini E drivers will be given preference as test pilots for the ActiveE and could switch to

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GM, Nissan dominate North American best car nominees

The 18th annual awards are chosen by automotive journalists from the United States and Canada who represent magazines, television, radio, newspapers and web sites. AUTOMOTIVE RESOURCES AND INFORMATION Auto Shipping Quote–Car Financing–Car Insurance Quotes–Car Loans–Online Car Insurance–Rental Cars–Used Cars Twenty-seven new cars were eligible for the 2011 North American Car of the Year award and 14 have been selected as semi-finalists. The jurors did not vote on the trucks because there were only 14 on the original list. The North American Car of the Year and North American Truck of the Year will be announced in January at the North

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Hyundai recalls 140,000 Sonatas for potential steering defect

“Hyundai dealers will inspect the steering column intermediate shaft universal joint connections for proper assembly and torque and make corrections if needed,” Hyundai via a press statement. “Hyundai has informed the National Highway Traffic Safety Administration (NHTSA) and is voluntarily initiating this action to ensure the safety and quality of vehicles and the continued satisfaction of its customers.” AUTOMOTIVE RESOURCES AND INFORMATION Auto Shipping Quote–Car Financing–Car Insurance Quotes–Car Loans–Online Car Insurance–Rental Cars–Used Cars The safety defect has affected fewer than 10 cars, according to Hyundai, and no accidents or injuries have resulted. James RaiaA sports, travel and business journalist for

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Tata Motors set to debut first crossover Aria to Indian market

Tata Motors has not announced the price range of the Aria. Features Built-in GPS system, Multi-functioning steering wheel, Dual Air Conditioner, Automatic climate control, six SRS Airbags, ABS with ESP, Alloy wheels, Parking Sensors Specifications Model: EX, Car Body Type: Crossover, Displacement: 2179cc, DICOR, 16 Valve DOHC, Engine Type: Diesel, Maximum Power: 120 Bhp @ 4000 rpm, Maximum Torque: 250 Nm @ 1500 rpm, Gears: 5 Manual, Length: 3329 mm Width: 1710 mm, Seating Capacity: 7, Steering: Power, Brakes: Front Disk, Rear Drum, Ground Clearance: 150mm James RaiaA sports, travel and business journalist for more than 45 years, James has

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Bugatti set to replace Veyron with Galibier in 2013

The four-seat Bugatti 16C Galibier sedan is expected to go on sale in 2013 for about $1.5 million. Only 300 will be produced. The Galibier, made of carbon fiber and aluminum, will use the Veyron’s 8.0-liter W-16 engine, but will employ superchargers rather than turbochargers and will produce 800 horsepower. AUTOMOTIVE RESOURCES AND INFORMATION Auto Shipping Quote–Car Financing–Car Insurance Quotes–Car Loans–Online Car Insurance–Rental Cars–Used Cars The limited-edition, two-passenger Veyron 16.4, introduced in 2005, is near the end of its 300-unit production run. So far, 260 have been built. The Veyron has 1,200 horsepower, 268 mph Super Sport edition debuted this

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Bentley bizarre hood ornament impalememt potential prompts recall

As such Bentley is recalling nearly 1,500 vehicles for fear that unwitting pedestrians could become impaled on the brand’s historic “flying B” bonnet ornament. Bentley reports: “It’s been discovered that in some cases, water ingress into the internal mechanism might prevent it from retracting. The recall will affect 1,436 cars worldwide, including 620 in the United States and Canada. The bizarre defect affects three discontinued Bentley models – the Arnage, Azure and Brooklands – which were produced between 2007 and 2009 and which cost as much as $300,000. The Bentley signature miniature statue ornament is an option. David Champion, senior

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Honda Accord, Civic top 2009 most stolen car list

According to the National Insurance Crime Bureau, the 1991 Toyota Camry joined the Accord and Civic in 2009 making the the country’s top-three stolen vehicles all from Japanese manufacturers. AUTOMOTIVE RESOURCES AND INFORMATION Auto Shipping Quote–Car Financing–Car Insurance Quotes–Car Loans–Online Car Insurance–Rental Cars–Used Cars According to another just released report, the Uniform Crime Report, compiled by the FBI, 794,616 vehicles were reported stolen in 2009, the sixth consecutive year of lower car theft in the country. In 2008, 956,846 vehicles were reported stolen, then the lowest annual total in more than 20 years. 1. 1994 Honda Accord 2. 1995 Honda

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Tata Motors plans 'luxury' Nano Plus for 2011

The Nano, predicted to be available in 2011, with feature a 1,000 cc engine instead of the 623 cc engine of the current Nano model. It will also include ABS brakes, alloy wheels, and integrated music system and an improved interior. AUTOMOTIVE RESOURCES AND INFORMATION Auto Shipping Quote–Car Financing–Car Insurance Quotes–Car Loans–Online Car Insurance–Rental Cars–Used Cars Tata hopes the Nano Plus, for which reservations recently began, will compete with the Maruti Alto and Chevrolet Spark, but its price has not been announced. Tata Motor is also expected to fix the safety problems that caused numerous 2010 Nano models from catching

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Seven electric cars soon plugged into U.S. automotive industry

The Nissan Leaf and Chevrolet Volt are the two most well-known and extensively promoted electric vehicles, but the list also includes five additional cars — economical-based options to high-end sports machines. Here’s an alphabetical synopsis of the seven electric vehicles: Chevrolet Volt — Expected on the market nationwide in November, the Volt has two motors, a 149 horsepower electric motor and a 74 horsepower, 4-cylinder gas engine. The electric motor has a 40-mile range with the gas engine then engaging, creating electricity extending the Volt’s range to more than 300 miles. AUTOMOTIVE RESOURCES AND INFORMATION Auto Shipping Quote–Car Financing–Car Insurance

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Eric Clapton’s rare Ferrari 250GT for sale via Hot Wheels replica

Hot Wheels Elite, a division of Mattel, will issue a limited edition 1:18 scale diecast model of Eric Clapton’s Ferrari 250 GT Berlinetta Lusso later this year as part of its “Ferrari in Music” line of replica cars. In an interview with ferrari.com earlier this year, Eric said that even as a small boy he was crazy about motor racing, and that the car he’s always most fancied is Ferrari. The replica of Clapton’s silver 250GT Berlinetta Lusso will be a “faithful” reproduction. Limited to 5,000 individually numbered pieces, it will come in a dedicated package featuring pictures, EC’s facsimile

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Honda Crosstour in crossfire, facing airbag recall, reinforced roof

“The front passenger airbag may not have been assembled according to correct specifications,” said NHTSA of the recall that will begin September 22. “In the event of a crash, the front passenger airbag may not deploy as intended and could place an unbelted child seated in the front passenger seat at greater risk of injury should the airbag deploy.” In other documentation filed with the federal government, Honda said the problem lies with the airbag packing cloth cover. “Deployment of the low-risk deployment flag will be delayed, resulting in improper performance,” said a Honda spokesperson. “Should the flap deploy improperly

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Automotive X PRIZE ($10 million) awarded to two U.S., one Swiss team

The winning vehicles were showcased to an audience of auto industry, business and government leaders. Each of the winning teams was also presented with a Harry Winston, Inc.-designed bronze trophy. The Automotive X PRIZE, sponsored by the country’s fourth-larges insurance company, was launched in 2008 to inspire a new generation of viable, safe and super fuel-efficient vehicles capable of achieving 100 miles per gallon or the energy equivalent (MPGe). After nearly 30 months of vehicle and business plan development, on-track testing at Michigan International Speedway which included dynamic safety testing by partner Consumer Reports, and laboratory verification at the Department

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Toyota's big, new plans: Six hybrids, two electric cars will debut in 2012

Takeshi Uchiyamada announced the automaker’s plans during a speech Sept. 13 in Detroit. Toyota’s Prius gasoline-electric hybrid vehicle has dominated the segment. The world’s largest automaker has been less certain about the market for fully electric vehicles like Nissan’s Leaf due out this year. Tesla and Toyota announced a partnership in May to develop electric vehicles under the strategy of the start-up company for its $109,000 Roadster, powered by more than 6,800 laptop batteries. Toyota had previously announced plans for its first electric vehicle. James RaiaA sports, travel and business journalist for more than 45 years, James has written the

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Toyota Prius tops Kelley Blue Book 'Green Car' list for 2010

“To be considered for the green Top 10, each vehicle was required to offer fuel economy and carbon dioxide emissions superior to the bulk of vehicles in its class and at the same time provide all the safety, creature comforts and driving enjoyment that would make it pleasant to own,” explain Kelley Blue Book. “So while the top 10 green vehicles are listed in order from most fuel-efficient to least fuel-efficient, fuel ratings weren’t the sole reason for inclusion on the list. The 2010 Chevrolet Chevrolet Tahoe Hybrid, No. 10, is the least fuel-efficient vehicle chosen with No. 9 Toyota

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