Rumor Central

Last month, Chrysler CEO Bob Nardelli testified that despite a fire-sale price of just $10 million, no one was interested in taking Viper off the automaker's hands. Nardelli said it was an example of how Chrysler's assets aren't worth very much in a market where no one is ...    Read more

With the Supreme Court stepping aside, the sale of Chrysler LLC's strongest assets to a new company called Chrysler Group LLC was completed. The other parts of the automaker will remain in bankruptcy to be sold or closed.Fiat obtained a 20% stake in the company that can grow ...    Read more

When Bad Things Happen to Good Brands: Won't Someone Save Saturn?Just as the committed environmentalist delights in biological diversity, so, too, must the maximum gearhead cherish an abundance of automotive brands. All of God's marques, good and bad, are worthy of our respect, in all their multifarious states of splendor, ...    Read more

The directors of motor vehicle commissions in Louisiana, Texas, and other states are considering denying new GM's business licenses if the automaker doesn't clean up its letters of participation, according to sources.Speaking with Automotive News¸ Louisiana Motor Vehicle Commission Executive Director Lessie House said that licensing "is never automatic." She ...    Read more

By now you've probably heard that Bentley is preparing a new modern flagship to replace the old-school Arnage. Today we bring you the first teaser shot of the "all-new Grand Bentley" (as the company is calling it), released this morning.As usual, the teaser shot gives us little insight ...    Read more

AfterJustice Ruth Bader Ginsburg issued a stay on the sale of Chrysler's assets to Fiat in order to give the Supreme Court time to review an appeal to stop the sale altogether, the Court rejected the request and cleared the way for Chrysler to forge ahead.Speculation that Ginsberg's stay would ...    Read more

Porsche is in advanced talks with another investor as the Porsche-VW merger talks have recently stalled. The Gulf state of Qatar is interested in buying a stake in the German sports car manufacturer, which would ease the company’s financial troubles and possibly turn the merger talks around.Porsche CEO Wendelin Wiedeking ...    Read more

Jaguar’s most recent video tease of its upcoming all-new XJ has Ian Callum, the firm’s director of design, talking about the car’s shape.“The car is very modern,” says Callum, “and it certainly meets up the expectations of people who understand design with a capital D, I have no doubt about ...    Read more

Last week, General Motors sent letters to all of its dealers regarding both the termination and continuation of franchise agreements. Several changes were made to the agreement sent to surviving dealerships that managed to win the support of the National Automobile Dealers Association. ...    Read more

When (if?) the "New GM" emerges from bankruptcy proceedings sometime this summer, former AT&T chairman and chief executive officer Edward E. Whitacre Jr. will become chairman, GM announced today."The appointment of Ed Whitacre as chairman represents a very auspicious beginning for the new GM," said interim chairman Kent Kresa. "We ...    Read more