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Scratch that new crossover, Volvo teases ad campaign for XC60

If we were to paraphrase the opening lines of Kenneth Graeme's Wind in the Willows for our own purposes, we'd write, "Have you heard about Volvo? They never planned a new crossover at all. It was all a horrid low trick of theirs...." To be fair, though, we can't blame them for our own presumption. When the Swedish car company created a site called LeaveTheWorldBehind.com and teased a couple of videos for some kind of collaboration with Swedish House Mafia, we thought the crossover in one of the teasers pointed to a new vehicle on the way.
Turns out that's not the case. It really is 'just' a collaboration with the band on a music video for Swedish artist Lune's cover of their 2009 song, Leave the World Behind.
But there are Volvos in it, and you can watch it below and hear original song alongside. We've also included the press release with more details on why it all came together, and a behind-the-scenes video on the collabo. To paraphrase Forrest Gump, "That's all we have to say about that."

Italian government to lean on Fiat's Marchionne to commit to country

With the recent chatter that Fiat is looking to move its global headquarters to the US following a complete merger with Chrysler, the Italian government is voicing its opinion on the matter. Facing the potential job loss from the automaker leaving the country, Italy's industry minister is meeting with Fiat CEO Sergio Marchionne in what will likely be a plea to keep the company based in Turin rather than moving to Auburn Hills, MI - if indeed it is able to acquire the additional 41.5 percent of Chrysler currently owned by the United Auto Workers.
According to Bloomberg, Fiat is Italy's biggest private employer and unemployment is already nearing a 20-year high. The non-car side of Fiat, Fiat Industrial, is already planning a move to the UK, so it goes without saying that Fiat moving would be a pretty big blow for the Italian economy. In the article, Fiat says that the headquarters issue is "not on its agenda now," but that statement is far from a denial.

VW builds 250,000th Passat in Chattanooga in just two years

It hasn't been without incident or union organizing drive, but the Volkswagen plant in Chattanooga, TN has built its 250,000 Passat in just a little over two years. The Night Blue Passat TDI with black leather has come just two years and five weeks after the first customer car came off the line on April 18, 2011.
In the last year the plant operated at the 150,000-unit capacity that it was intended for, but the downturn in Passat sales and subsequent worker layoffs mean it will be a challenge to repeat the feat. The plant does have the world's largest solar park, though, and you can't take that away from them.
You'll find the official hand-clapping in the press release below.

2014 Chevy Corvette Stingray horsepower and torque figures leaked?

Despite the fact that General Motors has already pulled the wraps off of the highly anticipated Chevrolet C7 Corvette Stingray - in both coupe and convertible forms - there's still a lot we don't know about The General's new halo car. When it first launched, GM stated that the 'Vette's new 6.2-liter LT1 V8 would put out an estimated 450 horsepower and 450 pound-feet of torque. But some PDF scans found by the folks at the Corvette7 forum site show that the Stingray coupe might actually throw down 455 hp and 460 lb-ft - increases of 5 hp and 10 lb-ft over the original numbers, and gains of 25 hp and 36 lb-ft versus the current car's 6.2-liter LS3 V8.
If these PDF scans are to be believed, it looks like only the coupe will benefit from this slightly more powerful setup, as a similar spec list for the Corvette Stingray Convertible states that the droptop will make 450 hp and 450 lb-ft - spot on with the original estimates. Official fuel economy numbers are still unknown, though GM has previously stated that the 'Vette is "expected to improve" upon the current car's EPA highway rating of 26 miles per gallon.
We expect the officially official numbers to be revealed later this year, closer to the Corvette's launch. Head over to Corvette7 to read more, and check out the PDF scans for yourself in the gallery below.

Nissan recalling 841k vehicles overseas for steering wheel trouble

A possible issue with a steering wheel bolt in the Nissan Micra (shown) and Cube from the 2002 to 2006 model years has Nissan recalling roughly 841,000 units on four continents, as well as Oceania and the Middle East. On the affected cars, the bolt may not have been tightened properly, which could lead to a loss of steering in a worst-case scenario. According to Reuters, there haven't been any reports of accidents or injuries due to the fault, however.
The Micras affected were built in the UK and Japan, the Cubes in Japan. Nissan has yet to say when the recall will begin, but when it does, owners can take their cars to dealers for repairs; the bolt with either be tightened or, if necessary, a new steering wheel installed.

Nissan's NY taxi deal faces court obstacles

Nissan scored a big win for itself when the NV200 was named New York City's Taxi of Tomorrow, but the compact van has been under attack ever since. The latest setback for Nissan comes from the New York Supreme Court, which has reportedly ruled the deal between NYC and Nissan is "null, void and unenforceable" since the NV200 is not a hybrid - one of the key parts of NYC Mayor Michael Bloomberg Taxi of Tomorrow plan.
The NV200 Taxi launches this October. Although Nissan says it is bringing a hybrid version of the van to market in 2015, the New York Supreme Court ruled against Nissan, which opens the door for taxi companies in NYC to drive non-Nissan hybrid vehicles. Despite this setback, it doesn't sound like this ruling will affect the NV200 becoming the official taxi of NYC as a part of the 10-year contract worth an estimated $1 billion.

2013 Nissan GT-R and 2013 Alpina B6 mix it up on track and street

Here we have Autocar making an unforeseen comparison: the Nissan GT-R against the Alpina B6 at Brands Hatch and on public roads. Steve Sutcliffe clobbers the circuit in the 3,828-pound, all-wheel-drive sports car, then sees how well the 4,114-pound, rear-wheel drive grand tourer does against it.
Sutcliffe says there are quite a few similarities between the two cars, but that's really only on the spec sheet. The Nissan's got two turbos attached to its 3.8-liter V6, 542 horsepower and 465 pound-feet of torque. The Alpina's got two turbos attached to its 4.4-liter V8, 532 hp and 528 lb-ft. But one's brief is to be a monster on the track, the other on the boulevard, and if there's anything the video demonstrates, it's each car's focus.

eBay Find of the Day: Viper Defender from '90s TV show

As car lovers, it's always hard to find a good television show with decent cars, but what the 1990s show Viper lacked in acting, scripting and plot, it more than made up for with cool cars. For starters, the lead car was a Dodge Viper RT/10, but, on screen, it was able to morph into its "Defender" mode making it an armored coupe with a full arsenal of weapons.
Fortunately, you don't have to be a fan of the bad show to love its lead car, and if you really want one, a Defender is up for auction right now on eBay. According to the listing, this car is the real deal - not a clone - and it comes with a V8 engine (not sure what happened to the V10?) and plenty of swag and memorbilia. No word on its actual asking price, but with a day left and 42 bids already, the reserve has not been met at $133,400. The listing does add that this same car was listed at Mecum back in 2010, but did not get sold, even with a bid of $270,000.

Automakers donating money, vehicles and supplies to Oklahoma tornado relief effort

Judging by the destruction the Oklahoma City area experienced earlier this week, residents are going to need a lot of help in coming months. Fortunately, a number of automakers - including General Motors, Ford, Chrysler, Volkswagen, Honda and Toyota - have stepped up to donate money, supplies and vehicles to aid in the recovery and rebuilding processes.
Here's a quick rundown of which automakers have pitched in and what each contributed so far:
Ford Motor Company has donating $250,000 and a Transit Connect to the American Red Cross, and it will match all other donations made to the Red Cross (up to $250,000) using a special URL tied to the latter's website (link here). Additionally, its local Oklahoma dealers have thrown in an extra $150,000 for the United Way and the automaker will be offering an extra $500 toward the purchase of a new Ford vehicle.

Need For Speed Rivals announced for Xbox One and Playstation 4 [w/video]

Fresh from critical praise for the last installment in the series, Need For Speed: Most Wanted, Electronic Arts has formally announced that Need For Speed Rivals will be the next title in the series. Set to hit stores on November 19, the game will also be the first Need For Speed to be available on next-generation consoles Xbox One and Playstation 4, as well as the current Xbox 360 and Playstation 3.
The "rivals" in question for this NFS title are, of course, cops and street racers - nothing new there - but the gameplay is apparently getting a makeover. Players may choose to be racers, and live the life of evading cops, gaining infamy, videoing their slipperiest moves and earning Speed Points. They might also choose to play on the side of law enforcement; attaining higher ranks and faster police cars with more and increasingly challenging busts.
One big innovation in Rivals will be the use of a new play system called AllDrive. The concept is that a player can seamlessly move from playing in single player mode, to playing online with friends, without having to wait in a lobby or move through a menu interface. The game will merge one's play from single to multiplayer as your friends across the web go on and offline, and you can choose to interact with them or not, as you like.

Next-gen Toyota Prius spied inside and out

Toyota has built itself into the industry's standard-bearer when it comes to hybrids, and it isn't going to let the poster child for gas-electric vehicles get stale on the market. These spy shots captured in California are our first good look at the next-generation Prius, which could come to market wearing a 2015 model year designation.
Even though it looks like Toyota may have blown its annual camouflage budget on this mule, we can clearly see that it will have the same iconic half-moon design that has been with the car since 2003. If so, this goes against reports from last year that suggested the car would be getting a different look inspired by the 2013 NS4 Concept. Although, this could also indicate that the Prius family will continue to grow - adding a new sedan - to the existing Prius C, Prius V and Prius Plug-In lineup.
These spy shots also give us an indication as to what the interior will look like, with a more stylish three-spoke steering wheel and an instrument panel design that sort of reminds us of a BMW. On the other hand, all the tape, cobbled together pieces and lack of space for a center stack display screen has us thinking this isn't what the final product will resemble.

2014 Chevrolet Cruze Diesel

Volkswagen has gotten pretty comfortable hogging the (admittedly small) non-premium diesel car market in the US. With Golf and Jetta, the German automaker has been the one and only choice for those interested in the torquey, high-mpg merits of turbocharged diesel power.
However, US customers seem to be growing more interested in the technology that has been the primary mode of propulsion in most of Europe for many years now. Mazda is quite close to bringing its Skyactiv-D diesel engines to our shores, and Chevrolet has finally maneuvered to repurpose its European 2.0-liter turbo-diesel engine for US specification, which means it's cleaner here than overseas.
The first application of this rather impressive diesel engine is in the compact Chevy Cruze, which I spent a recent morning testing out. General Motors as a whole has high expectations for its new TDI-buster. Here's why:

Renault unveiling Twin'Run concept in Monaco [w/video]

During last year's Monaco Formula One Grand Prix weekend, Renault introduced us to the Alpine A110-50. This year, it's another revival called Twin'Run - the follow up to the Twin'Z but not called TwinFun, as we previously thought - a smooth blue hatch to update all those yellowed memories of the Renault R5 Turbo and Clio V6. With the same footprint as the Twin'Z, this is the other side of the 'play' theme in Renault's six-stage exploration of the stages of life through concept cars.
The Twin'Z is admittedly a neat piece of work, but the Twin'Run one - and its murderous exhaust note - has our hot breath all over it. A steel, tubular chassis provides the structure. Within it, just ahead of the rear axle is a 3.5-liter V6 with 320 horsepower and 280 pound-feet of torque, shifted through a six-speed sequential transmission. To keep its city-car proportions stable on 18-inch wheels, the fuel tank, radiator and hydraulic system are in the front, under the hood, resulting in a 43/57 front-to-rear weight balance.
The bodywork is a mix of glass fiber and carbon fiber, the squarish headlamps and supplemental quad headlamps a nod to the R5 Turbo rally car and its light rack for nighttime stages. Inside is lots of black and red Alcantara, a gauge cluster wrapped in white lacquer and aluminum pedals whose setup is said to be motorsports tested.

2014 Fiat 500L to start at $19,100*

We've already driven the decidedly weird-looking 500L in its European-spec form, and now the folks at Fiat have just released US-specific pricing, which means that our US media drive is coming up soon. If you want to get your hands on the biggest of the little Fiats, you'll need at least $19,100 (*plus $800 for destination).
That base price gets you the 500L Pop spec, powered by a 160-horsepower, 1.4-liter MultiAir turbocharged inline four-cylinder engine (the only powerplant on offer), mated to a six-speed manual transmission. This base model comes equipped with 16-inch chrome-plated wheel covers (sexy!) and the usual list of standard features that pretty much every new car comes with. (You know, air conditioning, power windows and mirrors, etc.) Next up in the range is the 500L Easy, which adds aluminum wheels, tinted rear glass, body-colored mirror caps, uplevel seat fabric and a premium audio system. The price of entry for this better-equipped model is $20,195.
Things start to get more interesting from there, with the rugged-ish 500L Trekking coming in at $21,195. Visually, the Trekking is set apart by its two-piece front and rear fascias with graphite inserts, fog lamps and 17-inch wheels. Finally, the range-topping 500L Lounge adds a dual-clutch six-speed transmission, unique 16-inch wheels, chrome exterior accents, heated leather seats, and more. That top-trim 500L starts at $24,195, and the Lounge, Trekking and Easy models are available with a no-cost Premier Package that includes goodies like rear park assist and a 6.5-inch touchscreen Uconnect infotainment interface. Be warned, though, this no-cost option will only be available during the first year of production.

BMW Concept 90 Motorcycle debuts at Villa d'Este

The Concept 90 is one of two new vehicles BMW is showing off at the Concorso d'Eleganza Villa d'Este on the tony shores of Lake Como in Italy. This year is the 90th anniversary of BMW Motorrad and the 40th anniversary of the R 90 S (inset) - the first production motorcycle to come with a front fairing - and BMW has worked with custom bike builder Roland Sands Design to craft a homage to the Daytona Orange boxer from the Seventies.
While following the line of its forbearer, obviously the Concept 90 has been sexed and sleeked up. The bodywork is of hand-worked aluminum, the giant halogen lamp of the 1975 model (which is when Daytona Orange was introduced) has gone LED, and the front engine cover, valve covers, exhaust and wheels have been made with a contrast-cut milling process.
For a finer description of the Concept 90 check out the press release below, or skip the words and go straight to the high-res images above.

BMW Pininfarina Gran Lusso Coup'e bows at Villa d'Este

The first collaboration between BMW and Pininfarina is this blunt-force two-door called the BMW Pininfarini Gran Lusso Coupe revealed at the Concorso d'Eleganza Villa d'Este. Said to be the "interpretation of a luxurious BMW Coupé as seen through the eyes of Pininfarina," once you get past all of the design-speak, you can focus on the full-bodied and keen-edged missile sitting on 21-inch wheels.
The long wheelbase makes for short overhangs. Up front, BMW's design language gets scraped across a whetstone, everything getting sharper, including the usually round cat's eye headlights that have gone dihedral. Under the hood is a V12, behind the twin-kidney grille in matte-sheen aluminium and high-gloss black. The same aluminum treatment also backs the taillights, the lenses designed to let air flow through them.
Inside is room for four, a cockpit canted toward the driver, Foglizzo leather in black and Tobacco Brown, 48,000-year-old kauri wood from New Zealand, deep pile carpet on the floors, a patterned virgin wool headliner and an "oblong aperture in the roof liner" set off by white LEDs.

Washington State bridge collapse victim talks about his ordeal

Dan Sligh and his wife were headed for a Memorial Day camping trip yesterday evening when the Interstate 5 bridge over Washington's Skagit River collapsed ahead of his Ram pickup. Sligh said he saw a big puff of dust after a tractor trailer struck a portion of the bridge, and the roadway quickly vanished into the river below. While he applied the brakes, the momentum of his truck and trailer propelled the couple right over the edge. While speaking with reporters, Sligh said he held on as tight as he could before seeing a white flash and feeling the cold water of the river rush into the cab.
The impact dislocated the Navy veteran's shoulder, but he was able to push it back into place in time to pull his wife from the wreckage. Early reports say the collapse occurred when a tractor trailer struck the bridge's overhead girders. One other individual fell into the water, but no one was killed in the ordeal. Federal inspectors had previously rated the structure "functionally deficient."
The bridge, near Seattle, carries around 77,000 vehicles per day and was built in 1955. Interestingly enough, the bridge's "functionally deficient" rating doesn't necessarily mean that the span was deemed unsafe, just that that portions of it required monitoring or repair. You can watch Sligh's CNN interview below.

Jaguar sculpture by RCA design students is a minimal beauty

With its well-deserved reputation for high design, it is not particularly surprising to see Jaguar reaching outside of the automotive realm for future inspiration. To that end, the British automaker recently enlisted the talents of students at the Royal College of Art to create a piece of forward-looking, automotive-inspired sculpture.
The result of this project can be seen above; a sculpture created by RCA students Claire Miller and Ewan Gallimore, and unveiled to a small audience to kick off London's Clerkenwell Design Week. The spare and rather elegant form created by the talented pair absolutely harkens back to coupes from Jaguar's past as well as its present (read: F-Type) without aping any one model particularly.
In a press release, the artists had this to say about the work: "Our form relates to the Jaguar brand through its sculptural volumes, bespoke materials and visual lightness. These elements helped us to create a sculpture that aimed to display a seamless transition between interior and exterior space." Get a better look at the Jaguar artwork in the gallery above, or read through the press release, which follows.

How Mercedes is using QR codes to help accident victims

Mercedes-Benz is working on a system that may help emergency workers quickly and safely rescue trapped occupants in wrecked vehicles. The system pairs rescue sheets that show firefighters, police and paramedics information on exactly how and where to use rescue sheers to extract trapped passengers, the location of major hydraulic lines, air bags and electrical cable,s as well as other important vehicle data with QR codes. Using two stickers with the codes prominently displayed, rescue workers can scan the code and instantly pull up the necessary information quickly with an internet connection. The plan could reduce rescue times and help save lives.
Currently, rescue workers have to rely on hard copy rescue sheets or must look up the information online, assuming the sheets are available at all. Mercedes-Benz has waived the right to patent the system in the hope that other automakers will take advantage of the technology. You can read the full press release below for more information.

Cadillac auctioning first CTS V-Sport for charity

General Motors will auction off the first Cadillac CTS V-Sport for charity. Mary Barra, head of global product development for GM, announced that the automaker will donate the first CTS V-Sport to the SAE Foundation to be auctioned in support for the organization's science, technology, engineering and mathematics educational programs (STEM). GM supports the STEM programs through its GM Foundation, both with financial grants and with 1,500 mentors and volunteers to help students with their studies.
This year, Mary Barra became the first woman to win the SAE Foundation's Industry Leadership Award in the accolade's 25-year history.
The CTS V-Sport auction will also include a performance driving school package for those with a mind to learn a thing or two about controlling the car on a road course. You can read the full press release below for more information.

Lotus offers Exige S Roadster for sale, but not in North America

The first thing you need to know is that this is the Lotus Exige S Roadster, unchanged from the Exige S even in price and officially the fastest convertible Lotus has ever made. The second thing you need to know is that if you live in the US, you won't be getting this car.
Now that that's out of the way, the lack of a roof, rear wing and front splitter help make it 22 pounds lighter than the coupe, coming in a 2,565 pounds, and the supercharged 3.5-liter V6 in this topless blossom discharges 345 horsepower and 295 pound-feet of torque. For historical comparison with a non-convertible, those numbers nearly match the 2004 Lotus Esprit V8 Final Run edition - which had twin Garrett turbochargers. Yet the Exige S gets from a stoplight to 60 miles per hour in 3.8 seconds, nearly a full second quicker than that Esprit. Fair play, though, the Esprit did weigh 3,040 pounds.
It will be fitted with a six-speed manual only, and cost 52,900 pounds ($79,667 US), 55,378 euros ($71,404 US) or 8,500,000 yen ($82,078 US), depending on where you live. Here in the US we'll be sticking with the track-only Exige V6 Cup and Cup R models. The press release below offers more on the fine points.

Audi A8 facelift on the way

The coming Audi A8 has already been spotted in camouflage on public roads at earthly elevations, and now our snappers have caught it at elevation in the Alps. The evolution will entail modified head- and taillights, different sculpting for the grille and a new bumper profile said to be more in line with the A6 S Line.
Inside, there might also be adjustments made to input controls like the gesture touchpad and the MMI infotainment system that include behind-the-scenes improvements like new Nvidia Tegra chips, but such revisions are expected to be minor. With the S8 and the TDI just having been launched, don't be surprised if engine outputs also remain the same. The prevailing sneaking suspicion is that we'll see the car unveiled at this year's Frankfurt Motor Show.

Former Saab chairman Muller faces summons in tax inquiry

Former Saab Chairman Victor Muller may be called in for questioning as part of an official inquiry into suspected tax evasion by three of the automaker's former executives. A prosecutor has officially named former CEO Jan-Ake Jonsson and two other executives in the investigation, and official court documents say that Muller will be called in by the Financial Crimes Unit. According to Reuters, prosecutors are currently looking into allegations that the executives worked to dodge taxes between 2010 and 2011, when the automaker finally went into bankruptcy.
The Truth About Cars reports the investigation may center around the $540,000 paid as consulting fees to Latin America Tug Holding NV, a company Muller owns. It's possible that the Swedish authorities believe the Saab executives were using the tug boat company as a tax haven, and that the automaker should have paid taxes and social security contributions on the money. Muller has not been charged.
Meanwhile, Muller is defending his earnings in a new interview with Automotive News. Having come under fire for his $773,000 salary at Saab, the Spyker CEO said his pay was commensurate with an executive running a company with 4,000 employees.

Watch Carrera Cup driver Connor de Phillippi's first lap of the N"urburgring

American race driver Connor de Phillippi was recently added to the roster of Porsche Juniors, the arm of Porsche's factory racing program that develops new talent. The 20-year-old is contesting the Porsche Carrera Cup Deutschland series with FÖRCH Racing by Lukas Motorsport, and last weekend, he raced the series round at the Nürburgring. Starting 15th on the grid, de Phillippi would cross the line in ninth out of 32 finishers.
Courtesy of his in-car camera, you can watch his entire first lap in the video below - there's no music added, just engine whine during nine minutes of crests, turns, bumpy straights and that wicked Carousel. Enjoy.

2014 Kia Cadenza

Kia's Second Effort At Luxury Finds More Love Than The Amanti
The same recent global economic crises that have led luxury automakers to invade the small car market are also somewhat responsible for the influx of near-luxury sedans from mainstream automakers. As the likes of Mercedes-Benz and Audi are reaching down for new customers, automakers like Hyundai, Chevrolet and Toyota are reaching up to bridge the gap and fill in the white space between the industry's typical high-volume large sedans and established luxury sedans. Joining this emerging market, the 2014 Kia Cadenza is the latest sedan to blur the line between value and luxury. One of Kia's core focuses has been offering value to customers, and even with a starting price of $35,100, the Cadenza still represents plenty of that kind of thinking.
Despite what might first come to mind, the Cadenza is not named after a piece of furniture. Instead, Kia notes the name for its new front-wheel-drive flagship comes from the Italian musical term that translates as 'cadence'. The name thus fits in nicely with the brand's other musically inspired model name, Forte. Much like the Hyundai Genesis, the Cadenza will serve as a test of sorts to see how much customers are willing to pay for a Kia, and despite recent reports indicating that Kia has confirmed the Quoris for next year, the reality is that the availability of the bigger rear-wheel-drive flagship will be determined in part by how well the Cadenza strikes a chord with buyers.

Mitsubishi Attrage brochure reveals additional looks, info

If you're keen to get a closer look at the upcoming Mitsubishi Attrage global sedan, we've got good news for you. A handful of brochure images have made their way to the web courtesy of IndianAutosBlog.com, complete with driveline details. The compact car looks to have its teeth set on taking a chunk out of the Nissan Versa. The Attrage will launch in Thailand with a 1.2-liter three-cylinder engine good for 76 horsepower coupled to either a five-speed manual transmission or a continuously variable transmission. The combination should yield a range of around 570 miles with an 11 gallon tank. We'll save you the math: that's over 50 miles per gallon, though we wouldn't be surprised to see a more powerful, less efficient engine show up on the US-spec model. Buyers can also enjoy snazzy 15-inch alloy wheels.
Expect to find a rearview camera, push-button start, Bluetooth audio and automatic climate control indoors. This information gives us a pretty good idea of what we can expect from the car once it touches down here in the US, though final details - including powertrain - remain likely to change somewhat.

Move over Audi, now Chrysler has a beef with Tesla's claims

In the same week that Audi said "not so fast" to some claims from Tesla, Chrysler has responded to a new press release from the California-based EV-maker by saying "not exactly, Tesla." The statement, released through the company's blog, comes in response to Tesla claiming it was "the only American car company to have fully repaid the government." Chrysler notes that it, too, recently paid back Uncle Sam from its 2008 bailout. Similar to Audi's recent press release, which was eventually and mysteriously deleted from the German automaker's site, Chrysler is both right and wrong in its statement.
Tesla specifically said that it had paid back the Department of Energy loans that many automakers received - including Fisker and VPG Autos - while Chrysler's retort argues Tesla is "unmistakably incorrect" since it repaid the government in 2011 a full six years early. Technically, the statements from both automakers are correct, but Tesla's startup loan originated from the DoE, while Chrysler's loan came in bailout form from the Troubled Asset Relief Program (TARP). Further, as The Detroit News notes, Chrysler's loan still cost taxpayers well over a billion dollars after all was said and done - those negative assets tied to "old Chrysler" in the bankruptcy did not require repayment.

Cadillac to recall 20,000 SRX models over wheels that could fall off

A potential issue with the lug nuts on 19,871 units of the 2013 Cadillac SRX in the US and Canada has lead to a recall of the luxury crossover. Those lug nuts that have a Teflon topcoat, identified by their bluish tint, could loosen and cause "creaking, rattling or grinding noises or steering vibrations." In the worst case scenario, a wheel could fall off, but there have been no reports of that happening, nor any reports of accidents or injuries due to the issue.
This is the second recall action on the SRX over the last few months. In March, Cadillac recalled 27,000 SRX models over a transmission programming issue. General Motors will begin notifying customers with the potentially faulty parts on June 3, at which time they can take their vehicles to dealers to have the tires rotated and new nuts installed. A further 7,397 SRXs exported from North America also face the recall action.

Online Find Of The Day: 2008 Cadillac XLR picks up where Excalibur left off

We try very, very hard to keep snark away from creations like the one you see here. After all, someone poured plenty of enthusiasm, time and money into turning a 2008 Cadillac XLR into a modern interpretation of the new-old cars typically done by cottage builders like Excalibur and Clénet. Even so, it's hard not to wince when you set an eye on this machine. With its wheelbase stretched to accommodate the extra bodywork, goofy sidewalls and upkicked nose (examine it in profile, it looks slightly bent in the middle), this "neoclassic" takes whatever was loveable about the Cadillac underneath and buries it in a tacky grave.
Miraculously, the engine bay has been left unmolested, which means the retractable hardtop convertible still features a 4.6-liter Northstar V8 engine good for 320 horsepower. If only that were enough to outrun its shame. If, for some reason, you feel like taking this thing home, Harry Kaufmann Motorcars of Milwaukee says it can be yours for a paltry $74,998. We wish were joking. Check it out here.

China continues foreign automotive investment incentives after all

China has reversed a policy that would have nixed incentives for investments from foreign automakers, paving the way for further expansion by General Motors, Volkswagen and others. Legislators had removed automotive manufacturing from the list of industries that would receive government support in the future, but foreign investment fell off significantly in April. The country's National Development and Reform Commission responded by not only reinstating foreign automotive investment but by giving the business "preferential treatment," according to Automotive News. Last year, China's central and western regions attracted $19.2 billion in foreign investment across the board.
With China serving as the world's largest automotive market, manufacturers are keen to make inroads in the region. The local government incentivised foreign-owned manufacturing plants for some seven years before the National Development and Reform Commission removed the industry from its approved list in an attempt to stave off overcapacity. Automotive News reports GM and VW have both invested heavily in the region, with the latter set to begin construction on an all-new facility. The new plant is part of a $13 billion investment in China and will join Volkswagen's 12 other car and component facilities in the region.