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General Motors Gets Smacked With Two Class-Action Suits

Oct 17 2014 07:35 AM | GM News
General Motors is now facing two new lawsuits with a total of $10 billion in compensation on the line. The two suits allege that GM's ignition switch recall has cause the values of their vehicles to drop.

The first and largest suit is seeking to represent owners who bought or leased a recalled car from July 2009 to July 2014 and either still owns it, traded it in after the recall was announced back in February, or got into an accident. Steve Berman, one of the attorneys involved, tells Bloomberg that more than 20 million customers could join in the suit.

“New GM repeatedly proclaimed that it was a company committed to innovation, safety and maintaining a strong brand. The value of all GM-branded vehicles has diminis...

Rumorpile: Lamborghini Urus Decision Still In the Air

Oct 16 2014 01:45 PM | Lamborghini News
A decision on whether or not the Lamborghini Urus will transition from concept to production model has been put on hold once more. A source tells Autocar that Lamborghini's parent company is a bit hesitant on giving the green light on this 2+2 crossover due to a possible downturn for the world’s economy and the unrest in the Middle East.

“We are convinced the Urus can significantly boost global sales, but the financial conditions need to be sound. Right now, there are signs we may be heading for a downturn in the markets due to various factors, including trouble in the Middle East, although this is not reflected in the current sales situation, which puts us ahead of 2013,” the source said.

Now that isn't to say the...

Rumorpile: Kia GT Given the Green Light

Oct 15 2014 04:15 PM | Kia News
The Kia GT concept was quite the stunner at the 2011 Frankfurt Motor Show, receiving many praises from journalists and industry folks. Since then, there have been murmurs of Kia possibly sending the GT into production or not. A new report from Edmunds says the GT has been given the go ahead.

Speaking with Kia executives at the Paris Motor Show, Edmunds learned that GT has been given the green light and will be in U.S. showrooms by the end of 2016. The production will lose out on the suicide doors, but keep the turbocharged 3.3L V6 and eight-speed automatic. Europe is expected to get a version of the GT as well with a diesel engine.

Source: Edmunds

William Maley is a staff writer for Cheers & Gears. He...

General Motors and Ram Fight For Their Share In The Truck Market

Oct 15 2014 12:50 PM | William Maley in Industry News

With Ford changing over to the next-generation F-150, General Motors and Chrysler see a rare opportunity to grab a bigger slice of the truck marketplace. "Without question you'll see GM and Ram will continue to play the incentive game to continue to b...

Rumorpile: Hybrid Power Being Considered For Next 911

Oct 14 2014 11:45 AM | William Maley in Porsche News

The next-generation Porsche 911 could have another model joining its extensive lineup. CarAdvice.com.au has learned from Porsche CEO Matthias Muller that hybrid power for the 911 has been under serious consideration. “We have been doing some analysis...

Rumorpile: Ford Explorer, Lincoln Crossover To Go Rear Drive

Oct 14 2014 07:15 AM | William Maley in Ford News

The Truth About Cars has learned that Ford is working on a new rear-drive vehicle, but it isn't a sedan. Sources tell TTAC that it happens to be crossover that Ford and Lincoln will get. Ford's version will wear the Explorer name, while Lincoln's versi...

Acura Looks Towards All-Wheel Drive As A Differing Factor

Oct 13 2014 01:45 PM | William Maley in Acura News

Its no secret that Acura has been struggling in the auto marketplace. Aside from the bright spots of the MDX and RDX, the brand has been seeing year-over-year sales drop. But the brand could have a idea that might reverse that. Automotive News recentl...