Almost since the invention of the automobile, people have dreamed of building a single vehicle that could drive on the road and take to the sky. Over the years there have been numerous attempts to build a viable “roadable aircraft” – a self-contained airplane/car hybrid – but few of these concepts ever made it off the drawing board. And even fewer made it off the ground. But with advances in technology and engineering, modern designs for the flying car are making that dream closer to reality… Details
GMC and Buick survive the cuts, while Saturn, Saab and Hummer will be gone by the end of the year
As he faced the media this week and announced the death of the Pontiac brand, GM CEO Fritz Henderson testily defended the decision by attacking “frankly disconcerting” coverage of whether it should have been the GMC truck brand or Buick to receive the axe.
GM executives have been very protective of Buick, not because it’s been burning up the sales charts in North America — in fact far from it — but because of the brand’s popularity in China… Details
Chrysler LLC has filed for Chapter 11 bankruptcy, CNNMoney.com reported on Thursday. But a deal has been reached to combine the company with Fiat in order to allow Chrysler to stay in business.
The bankruptcy filing, which was made in federal court in New York, comes after some of Chrysler’s smaller lenders refused a Treasury Department demand to reduce the amount of money the troubled automaker owed them.
In remarks at the White House, President Obama said …Â Details
General Motors on Monday confirmed rumors regarding the future of its Pontiac division, indicating the storied brand will be eliminated by the end of 2010 at the latest. The company said it will also sell or shut down Saab, Saturn, and Hummer by the end of 2009 or sooner. Furthermore, the company will eliminate 13 manufacturing plants (28 percent) by late 2010, while simultaneously slashing its dealer network by nearly half –from 6,246 in 2008 to 3,605, a reduction of 42 percent.
GM says it intends to …Â Details