30 MPG from a 430-hp Corvette in Hypermiling Test
Even the base model Chevrolet Corvette is no shrinking violet in the performance department; with its 430-hp, 0-60 in 4.5 seconds specs. Popular Mechanics recently surprised almost everyone when it ran a fuel efficiency test on the beast, which did better than 30-mpg.
Self-healing Car Paint Repairs Scratches by Itself
After development is completed in a few years, researchers at the University of Southern Mississippi predict they will have a polyurethane coat which can be applied to car finishes which will heal itself of scratches by exposure to ultraviolet light.
Road Rage Best and Worst Cities Survey Has New Winners
A recent survey by the AutoVantage Car Club selected the worst and the best cities for impolite, aggressive, and hostile drivers in America. Tabulated annually, this year's worst city for "road rage" is New York City, New York, while the most polite city this year is Portland, Oregon.
Buy a New Car Get a Tax Break
Buying a new car just got a little less expensive in states without sales tax. The U.S. Treasury just expanded its policy of allowing a tax break on new car purchases equal to the amount new car buyers pay in sales tax to states without sales tax.
Chrysler Completes Sale of Assets to Fiat
As the final step in its restructuring, Chrysler LLC issued 20 percent equity interest in its strongest assets to Fiat. The Obama administration has been directing Chrysler's reorganization in which the automaker will jettison its weaker assets by sale or closure.
GM's Saturn to be Bought by Penske Automotive
As part of its restructuring agreement with bankruptcy officials, GM announced that it has found a buyer for its Saturn brand, Penske Automotive. At an estimated price between $100 and $200 million, Penske plans to offer new contracts to the existing 350 Saturn dealerships, effectively preserving 13,000 jobs.
Toyota to Increase Production Sees Market Rebounding
Toyota plans to boost production by 65,000 more units of its Camry, Corolla, Sienna, RAV4, Tacoma and Tundra models, according to Automotive News. Bob Carter, general manager of Toyota's North American Division expressed optimism at the sales numbers for May, having improved over the month before.
Chinese Firm to Buy Hummer from GM
The closure of so many of GM's production facilities will result in the loss thousands of jobs. One ray of sunlight broke through as China's Sichuan Tengzhong Heavy Industrial Machinery Co.
Ford Increases Production of Cars and Trucks
The first meaningful production increase in two years, Ford Motor Company announced today that it will boost production by 10 percent. When gas hit $4.00 per gallon last year, Ford quit production of its venerable F-150, and part of the current production increase will be to meet the continued demand for the pickup truck.