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GM not sending any bailout money to Brazilian operation

A story has surfaced on the Latin American Herald Tribune (a publication we hadn't previously heard of) stating that General Motors was planning to invest $1 billion in it's Brazilian operations to update its South American products. So far, that part of the story is true. However, that's where the truth apparently ends. The story goes on to say that GM plans to use money obtained from the proposed government bailout package to pay for the Brazilian investment.

We contacted General Motors to check on the story and spokesman Richard James replied, "I don't know if something got lost in translation but Jaime Ardila, President of GM Brazil did NOT say that funding for GMB projects would come from the US financial aid package. GM Brazil has $1 billion in investments that have already been approved but they will be financed by our Brazilian operations through local sources."

Just as Opel (GM's German division) is going to the German government for assistance, GM Brazil-Mercosur is raising capital in that country. During the congressional hearings this week, CEO Rick Wagoner also indicated that GM operations in different regions are each funding projects locally in response to a question about a recent expansion in Russia. It appears that any money that GM gets from the US government will stay here.

[Source: Latin American Herald Tribune]

VIDEO: Supercars make charity toy run in L.A.

Photos courtesy Speed and Motion

It's not often you see this many sports cars chasing a police cruiser, but this was for a good cause. To help get things kicked off for the 5th Annual Motor4Toys charity toy drive event, a bunch of participants followed a police escort over to a local Toys "R" Us to start buying toys for the December 7th event. The Motor4Toys group has been collecting gifts for needy children since 2004, and to date has donated more than 38,000 toys. The unique thing about this organization is that it is all centered around cars.

Motor4Toys taps into the Southern California car community and turns a huge car meet into one of the largest charity toy drives around. Car guys and gals from all over the Southwest show up with their sports cars, exotics, muscle cars, race cars and museum rides to help this worthy cause. Organizers expect to see over 5,000 cars at the event's new home this year, The Anthem Building in Woodland Hills. Entrance to the event is free for everyone, just bring along at least one new, unwrapped toy valued at $10 or more. If you're in the Los Angeles area that weekend, make sure you stop by between 9am and 1pm. And for those who can't make it, PayPal donations are also accepted. Hope to see you there, and remember, every kid deserves a toy! Complete details including maps to the new location and mandatory insurance waivers can be found on the Motor4Toys website. More photos of the drive can be found at Speed and Motion, who provided a video from last year's event that we have posted after the jump.

Continue reading VIDEO: Supercars make charity toy run in L.A.

Luxe Redux: Renault gives Clio RS the premium touch...again


Click above to view the Renaultsport Clio Lux in high resolution

Renault makes a hot hatch for every taste. Some burn gas, some burn diesel. Some are track-biased, some are great for hauling around the family. Some are flyweights, and some are luxurious. The latest version is the latter, upgrading the Clio Renaulsport 197 with a host of luxury amenities for those who want it all.

Called the Lux, the new package is being offered to British customers from the beginning of the new year, packed with £2,000 of equipement for only £1,000 over the standard price. Included among those amenities are leather upholstery, automatic lights and wipers, cornering lamps, black tinted rear windows, an upgraded 60W MP3/CD sound system, brushed alloys and satin-chrome trim touches. Electric folding mirrors, electric panorama sunroof, xenon headlamps, Speedline rims in white or black and tightened-up Cup suspension are also available as optional extras. But if this is all sounding a little familiar, you're not experiencing deja vu: Renault introduced a similar package, called "Luxe" (the extra is for "Europe") to continental customers a year and a half ago. Details in the pess release after the jump.

[Source: Renault]

Continue reading Luxe Redux: Renault gives Clio RS the premium touch...again

Faster than a Speeding Ferrari: Montezemolo invests in Italian TGV

Luca di Montezemolo is already president of Ferrari and chairman of the entire Fiat group, but he isn't about to stop there. Together with Diego della Valle from the famous driving-shoemaker Tod's, the hereditary Marquis di Montezemolo is investing in a new company called Nuovo Transporto Viaggiatori (NTV) that plans to start a new high-speed rail service across Italy with a new train design that could put the final nail in Alitalia's coffin.

Called the Automotrice à Grande Vitesse (AGV –French for "high-speed self-propelled carriage"), the new bullet train is being built by Alstom, the same company that built the French TGV. But the newer Italian version will use even more efficient engines, located right in the train cars, eliminating the need for a separate locomotive. The AGV is anticipated to reach speeds of 225 mph, which could rival the Enzo and the F2008 for the fastest vehicle Montezemolo has ever thrown his weight behind.

[Source: NYT Wheels]

BREAKING: More Porsche Panamera pics surface


Click above higih-res image gallery of the Porsche Panamera

Thanks for the heads-up to our friends at Supercars.net, where a forum poster has uploaded more official shots of the Porsche Panamera (apparently lifted from Autoweek.nl) ahead of its official reveal extravaganza scheduled for Monday. The first photo and technical details trickled out last night, and the new batch gives you a better view of the car's controversial rump, which is already polarizing enthusiasts the world over. It's not so much that we think a round booty is a bad thing -- it's just that Porsche has done it better before. Or have you guys already forgotten about the awesomeness that's spelled 9-2-8? Anyway. Have a look at the gallery, and stand by for more on Monday (or whenever the next group of pics gets leaked).


[Source: Supercars.net]

Ashes to residual ashes: take care of your car in areas of falling ash

For those of you who have to deal with falling ash from fires, such as the folks in Southern California right now, the most important car care tip for you could be not to let ash interact with water on your car or remain on the car for a long time. If ash and water -- even nighttime dew -- get together on your car's paint, the water reacts with the calcium, potassium, phosphorus and magnesium in ash and might result in chemical etching. It essentially has the same effect as pouring Drano on your car. And you wouldn't do that. While it's impractical to wash your car every night before putting it to bed, at least wipe it down.

[Source: Meguiar's | Photo credit: hypertypo]

Formula for Peace: Israeli and Palestinian drivers get on track


Click above to view Racing 4 Peace in high resolution

The ongoing conflict in the Middle East is not an area we typically cover here at Autoblog, but for all our love of wheelspin and tire smoke, there's no better reason for spinning your wheels than the peace process between Israel and the Palestinians. Diplomats and militants, moderates and extremists have tried for decades to reach some sort of agreement, but their efforts towards achieving peace invariably end up slipping through their fingers like so many grains of sand – at best – or more often blowing up in their faces. While politicians seem resigned to leaving the negotiations for dead, two young ambitious locals have taken the wheel on their own in hopes of showing the world that Israelis and Palestinians are capable of doing more than fighting. They've got this crazy idea in their heads that gasoline can be used to fuel race cars instead of rockets.

We headed out into the desert outside the border town of Arad to see what they were up to.


Photos courtesy of Harel Rintzler.

Continue reading Formula for Peace: Israeli and Palestinian drivers get on track

Automobile names Takeo Fukui MOTY



Honda is one of the few automakers that's demonstrated studied restraint during the recent SUV boom. There is the Pilot, which is a big ol' thing, but it's also as efficient as something that size can be, with unit-body construction, and an engine that shuts off three of its six cylinders whenever possible. The company also has a long history of making small cars that aren't penalty boxes, and amazingly clever engineering. It should be little surprise, then, that the man at the helm is an engineer by trade, deftly maneuvering the automaker into whatever endeavors hold promise, popular fashion be damned. Takeo Fukui worked on the company's CVCC engines early on in his tenure, and his respect for the vision of Soichiro Honda has netted him the title of Man Of The Year from Automobile magazine. The new focus on fuel efficiency (though today, oil is under $50/barrel for the first time in three years) has made Honda seem oddly prescient for its steadfast manner. Cheers!

[Source: Automobile]

Zastava builds the final Yugo



"Cao, nema više" reads the piece paper affixed to the tailgate of the red Serbian hatchback, as a small throng of proud workers gathered around the car to bid it "Goodbye, no more" this week. After a 20-year run, the last Zastava Koral, #794,428, quietly made its way to the Zastava museum and the scrappy Eastern European automaker has wound down production on all but one of its models. The very last Zastava, a Skala 55, will be the last of its kind when it makes its way down the production line on November 20th. After that, the proud, tenacious people who have been working at the Kragujevac factory aren't sure of what the future holds. Zastava has long been linked to Fiat, and when the lines restart, the Zastava 10 will be badged as a Fiat Punto, which it is.

Make as many Yugo jokes as you'd like, but Zastava has a long and fascinating history, and the company has managed to produce automobiles through several periods of war, even after the factory sustained bombings. The now classic Zastavas will live on; the company is working on setting up Skala 55, Koral In, and Florida In production lines in Africa and the Zastava 128 is still being produced in Egypt. In those climates, we figure they won't need to come with defroster grids to keep your hands warm when pushing.

[Source: Zastava]

Continue reading Zastava builds the final Yugo

Porsche Panamera image and details leak out



According to AutoTelegraaf, the image above is the first official picture of the Porsche Panamera, showing the new four-door "coupe" in all its oddly proportioned glory. The Dutch pub released the image and details on the sedan after Auto Motor und Sport supposedly broke the Monday embargo. More details will be released late Sunday night, but in the meantime, let's look at the reported specs.

The Porsche Panamera Gran Turismo is 16.3 feet long, 6.3 feet wide and 4.66 feet tall, with a wheelbase of 9.6 feet. Weight hasn't been disclosed, but its roughly two tons. The most striking detail on the profile shot is the indentations leading from the front fenders, aft of the wheels, into the doors, but the jury is still out on the Panamera's bulbous back end. The slippery shape and low profile gives the sedan a drag coefficient of 0.29, while an electronically actuated rear spoiler will keep things planted at speed.

An electronic air suspension is part of the package, along with an LSD, and power can be sent to either the rear wheels, or all four, depending on the trim level. Motivation will be provided by a range of engines, beginning with 3.6-liter V6 putting out 300 hp, and continuing upwards with the 400 hp, 4.8-liter V8 Panamera S and the Panamera Turbo, packing a twin-turbocharged version of the same bent eight putting out an estimated 500 hp. Power will be sent to Porsche's new PDK dual-clutch gearbox and although a diesel model has been ruled out, a V6-hybrid variant with 350 hp will come along at a later date.

Porsche aims to sell approximately 20,000 units of the Panamera each year, with the automaker estimating that 20% will be the range-topping Turbo model. The Panamera will only be available in S and Turbo guises at launch, with the V6 model following shortly thereafter. Once established, Porsche hopes demand will increase to 50,000 units annually, with sales beginning in the U.S., Europe and Asia next year. Thanks for the tip, Jelle!

UPDATE: More photos have surfaced.


[Source: AutoTelegraaf]

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