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As Tata's acquisition of Jaguar and Land Rover inches closer to completion, an anonymous source inside the Indian automaker has revealed that the company has secured a $3 billion loan in order to finally finance the take-over. The loan is reported to come from the banks of Citigroup and JPMorgan, a......

General Motors can claim about three percent of the car market in India, and it wants more. Tata's $2,500 Nano will still be the lowest priced new car in the world, but GM wants to offer something less expensive than its $7,350 Spark for Indian buyers. Group Vice President David Reilly points out t......

Click above for high-res gallery of the Alfa Mi.To Alfa Romeo just released initial details and images of the long-awaited Mi.To hatchback, and already industry analysts are predicting the MINI rival could make it across the ocean when the company returns to the American market.Newly-installed Alfa ......

If you ever wanted to put an Ford F-150 in your driveway, this summer may be the best time to make your move. As the new 2009 F-150 nears production, Ford is increasing its plant's output of the 2008 F-150 to ensure enough supply remains during July and August when plant production will be transitio......

In a rare move for Toyota, the auto company will be slowing production of the Tundra pickup and the Sequoia SUV due to lagging sales. Last year, Toyota sold 196,555 Tundra's, which was just a bit shy of their stated goal of 200,000. Still, it was enough to make the Tundra the fourth-best-selling tru......

Porsche has been in the news quite a bit over the past few weeks. While one hand is embroiled in an emissions tax battle with the Mayor of London, the other hand is slowly scooping up shares of Volkswagen.In related news, Porsche Chairman Wolfgang Porsche was nominated today to the Volkswagen super......

It seems like forever ago when rumors started about a merger between Sirius and XM satellite radio. The rumors were made slightly more official when the two companies announced the "merger of equals" last year. Where have we heard that before? Nobody expected this $4.2 billion transaction to be a s......

Most car brands that sell in the U.S. are defined as gay-friendly by the website Gaywheels.com. Only five are not, and one of them is Honda. The Japanese automaker took a step towards moving into the majority recently when it decided to begin offering insurance benefits to same-sex partners at some ......

Click above for a high-res gallery of the Pininfarina Sintesi concept.Pininfarina has been in poor financial health for the last few years. The coachbuilding and design house's P&L sheet has been coated in red ink, with a 114.9 million euro loss last year and debt that's grown to 185.4 million e......

The National Highway Traffic Safety Administration (NHTSA) has received around 40 complaints from owners of the Pontiac Solstice GXP and Saturn Sky Redline regarding the vehicle's braking performance. According to the owners, too much pedal effort is required to slow the vehicle down when the engine......