Chrysler CEO Marchionne Receives No Pay

Car Newser 77 Views
Chrysler CEO Sergio Marchionne did not receive any compensation from the Detroit automaker, according to the company’s annual financial report with the Security and Exchange Commission. Yet, before you start feeling bad for the CEO, he did receive $4.5 million from Italian automaker Fiat. It should be noted that ...Read more

Volvo Launches New Pedestrian Airbag

Car Newser 21 Views
Volvo and safety have been running in the same ring for some time now, but typically the safety innovations have been for the passengers inside the cabin. Their latest piece of kit, however, is aimed at pedestrians.  Volvo has created the first ever airbag for pedestrians, and it works sort of like the one inside ...Read more

Audi Trumps BMW in Profit Margin War

Car Newser 35 Views
Audi is a relative new comer to the German luxury car scene, but that hasn’t stopped them from getting up the nose of BMW. According to a report in Automotive News, the youngster has finally stepped over the veteran by recording a higher profit margin.  BMW managed to record an 11.8 percent profit margin, wh...Read more

GM Stops Production of Camaro ZL1 Due To Quality Issues

Car Newser 303 Views
The Chevrolet Camaro ZL1 is off to an unpleasant start. During its first few weeks of production, Ford announced that the new Mustang GT500 would pack more power, and now, production of the ZL1 is being shut down due to a quality concern.  According to Motor Authority, General Motors has halted production on the Z...Read more

Toyota Recalls Camry, Venza and Tacoma

Car Newser 78 Views
Has the definition of recall been modified to include the word Toyota in its text? If not, it probably should be, as the Japanese automaker has issued another recall, this time for the Camry, Venza and Tacoma.  Toyota is recalled nearly half a million Tacoma pickup trucks, 116,000 Venza models, and 70,500 Camry se...Read more