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GM to receive second Treasury loan installment of $5.4 billion on Jan. 16

GM to receive second Treasury loan installment of $5.4 billion on Jan. 16Troubled automaker GM will receive its second loan installment soon. GM will be getting a total of 9.4 billion US dollars this month. It may get an additional 4 billion more in February depending on US Congressional action.

Punk Icon Iggy Pop Sells Car Insurance

Punk Icon Iggy Pop Sells Car InsuranceIggy Pop was a punk / rock legend in the 1960s and 1970s. He's now being paid to sell car insurance as the frontman for swiftcover.com in their new ad campaign.

Gas guzzler drivers face more expensive parking meters.

Gas guzzler drivers face more expensive parking meters.Drivers of large "gas guzzling" cars face higher car park and meter charges under new council plans.

Audi S1 - details emerge

Audi S1 - details emergeAn Audi S1, a high-performance version of the 2010 Audi A1 mini car will launch in 2011. Packing over 200hp from its 1.4 TSI engine, the S1 should blast from 0 - 60mph in 6 seconds.

Toyota shuts plants for 11 days

Toyota shuts plants for 11 daysToyota will put a halt to production for parts in February and March due to poor auto sales. The temporary cut is meant to decrease the surplus of unsold new cars held by the company.

1000hp Twin Supercharged Dodge Challenger by RDP Performance

1000hp Twin Supercharged Dodge Challenger by RDP PerformanceSome lunatic has tuned a Dodge Challenger to 1,000 horsepower, turning the American muscle car into a true drag racer.

Gemballa Tornado GTS Details Released

Gemballa Tornado GTS Details ReleasedFinally details of the Gemballa Tornado GTS have been issued. The Porsche Cayenne GTS-based SUV can be tuned to 740hp and be offered completely in RWD.

Another One Bites The Dust: Pontiac Kills G8 ST

Another One Bites The Dust: Pontiac Kills G8 ST

Now that General Motors is being forced to do some major downsizing across its range of manufacturers, this news doesn't come as a big shock to us. According to the boys at Jalopnik, Pontiac executives have told their dealer network that the automaker plans to kill the upcoming G8 ST, an American re-badge of the popular Australian Holden Ute.

Pontiac has long tried to badge themselves as GM's performance-oriented brand, and with the introduction of models like the G8 and G8 GXP, we were starting to take them seriously again. The G8 ST (Sport Truck) would have been in a segment of one if sold in America, making us remember the days of the old El Camino and other ute-like vehicles such as the Subaru Brat and Dodge Rampage.

+ Jalopnik: Pontiac G8 ST Officially Dead: GM Kills El Camino... Again

Automakers Take Substantial Losses For 2008

Automakers Take Substantial Losses For 2008December 2008 was one of the worst months in recent history for automakers. Chrysler saw U.S. sales decline by over 50%, while GM, Toyota, Honda, and Ford all saw substantial decreases.

So Long, Farewell: Honda Cancels S2000 Replacement, Future Acura Models, Rumored V-8

So Long, Farewell: Honda Cancels S2000 Replacement, Future Acura Models, Rumored V-8

For a while now, Honda has been deliberating as to how it plans to restructure itself and its luxury marque, Acura, over the next few years. We already spread the word that a future NSX replacement was canned in the works, but now it seems that more casualties have come up across the two brands.

Honda will not be planning a successor to the S2000 roadster, nor will there be a drop-top version of the upcoming CR-Z coupe. Additionally, all plans for Acura's rumored V-8 engine have been shelved, as well as any future entries into the rear-wheel-drive segment. Honda was planning to potentially build these new RWD cars to compete with vehicles like BMW's 3- and 5-Series. The first of these examples was expected to roll out in 2015 as a 7-Series competitor. AutoCar also reports that the Honda Accord could move to one global model, as opposed to the two different versions which are sold around the world.

As we drive into the future, Honda will concentrate its efforts on building m ...

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