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GM 'will lose money' on the new Chevrolet Volt

By Ben Whitworth Motor Industry 18 September 2008 14:39 Despite hanging its future on the make-or-break Chevrolet Volt plug-in hybrid car, GM has confirmed that it doesn’t expect to make a profit from it – at least not on the first-generation model. The Chevy Volt was unveiled this week amid much hoopla at GM's centenary. 'I don’t know that I’ve ever seen a situation where we make money, particularly when you load all the costs in,' Fritz Henderson, GM’s chief operating officer, told Automotive News Europe, referring to the company’s first-generation technologies.

Volkswagen Golf GTI Adidas & Golf GTI Exclusive at Wörthersee 2010

The VW Golf GTI Adidas at Worthersee The Worthersee Tour is a big customisers event for Volkswagens held every year in May in Worthersee in Austria. It’s been a feature on the calendar since 1982 and was originally a meet up for owners of the original Golf GTI. Over the years it has become much more and we see all sorts of cars from the VW group such as the seven Audi A1 specials this year and the Audi Q5 Worthersee Concept last year.

Mercedes introduces C-Class Estate

Mercedes-Benz introduced a wagon variant of its new C-Class today at its factory in Bremen in northwestern Germany. The C-Class Estate is not only an affirmation of the popularity of the Benz wagon, a popularity that transcends decades as well as engine swaps, but also a commitment to Bremen -- a facility that already builds the C-Class, along with the E-Class, SL, SLK and GLK. The C-Class Estate makes extensive use of aluminum construction -- up to 50 percent of its body is made of the stuff.