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Toyota leaves TRD out in the cold
It is just over 12 months since Toyota Australia was proudly boasting it was launching the first production cars in the world to wear the TRD nameplate. Yesterday the company announced the TRD...
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Top Gear – Series 13 (now with budget cuts)
Internet speculation suggests the next series of Top Gear will return in March June 2009. What is not speculative, though, is news that Series 13 will be produced for less coin due to BBC budget cuts....
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Honda Racing F1 Team still for sale
Despite earlier reports that Mexican tycoon Carlos Slim Helú had saved Honda’s Formula One outfit, the British based team is still looking for a buyer. Speaking to the Telegraph in the UK, Team...
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Mitsubishi waves goodbye to Dakar
The Global Financial Crisis has claimed its latest motorsport scalp with Mitsubishi quitting its Dakar Rally program. The withdrawal goes further and brings an end to Mitsubishi’s involvement in all...
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Australian Carrera Cup series fails to launch in 2009
On Thursday it was announced the Australian 2009 Porsche Carrera Cup season would be cancelled due to a lack of cars to fill the grid. Porsche Cars Australia managing director, Michael Winkler, said...
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MINI axe jobs and reduce production
MINI is the latest manufacturer to feel the brunt of carmageddon with news they are set to axe up to 850 jobs from their Plant Oxford facility. An additional 150 workers will be cut from the engine...
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BMW cans Z4M … boooo!
According to iMotorMag BMW has succumbed to carmageddon and shelved plans for a Z4M. They will, however, offer an M Sport pack that consists of a body kit (a la 135i) and an ECU reflash to liberate a...
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Porsche gives financial crisis two finger salute
Porsche has given the global financial crisis a two finger salute by posting pre-tax profits of €7.34 billion for the period 1 August 2009 to 31 January 2009. Sounds good on the surface, but… The...
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Sackings force Karmann to file for bankruptcy
Carmageddon has claimed yet another scalp with news filtering through that body specialists Karmann filed for bankruptcy overnight. Best known for their stunning Volkswagen Karmann Ghia coupé, built...
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The most expensive car in the world
This stunning 1957 Ferarri 250 Testa Rossa can lay claim to being the world’s most expensive car after an anonymous bidder paid a world record auction price of €9 million (AU$16.2M). The winning...
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GFC says, ‘No Volkswagen BlueSport for you!’
The Global Financial Crisis has seen Volkswagen temporarily shelve plans to put the svelte Concept BlueSport into production. A report on GoAuto quotes a hesitant Christian Haacke, Volkswagen product...
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The bigger they are, the harder they fall
The rumours and speculation have finally been fulfilled. General Motors, once the biggest car manufacturer in the world, has now filed for bankruptcy. The good news for Australia’s Holden is that it...
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Saab bites the dust
“We will work closely with the Saab organization to wind down the business in an orderly and responsible manner. This is not a bankruptcy or forced liquidation process. Consequently, we expect Saab to...
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Don’t cry for me Argentina
So, what does the title of one of Andrew Lloyd Webber’s best known songs have to do with Hummer? Well, there’s about as much relevance there as there was of Hummer being a legitimate option in the...
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Saab: This is the end, beautiful friend
Yes, we’ve done this before, two years ago to the day… Saab has, once again, broken the limits of its owners. This time it’s not GM, like it was in 2009, but current stewards of the Saab brand Swedish...
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