October 31, 2014

  • Ferrari will pay a $3.5 million penalty for family to comply with oversight requirements set forth by the National Highway Traffic Safety Administration. The federal agency that oversees road safety in the United States announced Friday morning that Ferrari had not submitted early warning reports for the past three years. These reports help the agency identify potential or existing safety threats. In the wake of the rolling recalls for defective General Motors ignition switches, there has...
  • Should companies in the future need to be bailed-out by the federal government, they may not be so forthcoming with the necessary information if General Motors’ confidential documents linked to its own bailout see the light of day. Bloomberg reports the U.S. Treasury is doing all it can to protect the information submitted by GM […] The post Treasury: GM Bailout Suit Would Hinder Future Actions appeared first on The Truth About Cars.

October 29, 2014

October 28, 2014

  • It usually takes several years to figure out if a car's design is standing the test of time to become a future classic. When new, the Chevrolet SSR was derided at practically every turn, largely for its retrofuturistic styling and Trailblazer-based underpinnings, but now some time has passed. Maybe it's time for a revaluation. This week Generation Gap aims to find out if the SSR's time has finally come, but it's putting the unusual pickup against the stiffest competition imaginable - a 1970 El...

October 27, 2014

October 24, 2014

  • Following positive third quarter financial results recently from General Motors, rival Ford took a tumble in Q3. The automaker posted pre-tax profits of $1.18 billion, compared to about $2.59 billion in Q3 2013, a drop of around 54 percent. Net income also suffered with $835 million made in the quarter, versus $1.272 billion last year, a decline of about 34 percent. The Blue Oval blamed the gloomy figures on three reasons in its release: "lower volume, higher warranty costs and adverse balance...

October 20, 2014

October 17, 2014

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10:41pm October 31-5:00 GMT