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Maserati and Lamborghini pull out of Iran

Daimler is out, Toyota is out, Porsche is out, Hyundai, PSA Peugeot-Citroën are out and when it comes to selling cars in Iran, now Maserati and Lamborghini are out, too. The definitive pullouts of those last two automakers are said to be reactions to a press conference held by a group called United Against Nuclear Iran (UANI). The group highlights businesses that sell in both the US market and Iran, and works to get those businesses to choose one market or the other.
UANI said it had sent letters to Maserati and Lamborghini about their dealings in Iran, but that the letters went unanswered. Mark Wallace, head of UANI and a former US ambassador to the United Nations, held a press conference in October of last year that referenced the two companies. Apparently Lamborghini contacted Wallace just after the press conference and told him "they were out, they weren't doing any business in Iran anymore."
Discussions with Maserati then took place, and the Italian automaker said it had been out of Iran ever since Fiat announced it was leaving the country in May 2011. UANI said Maserati had been in talks with an Iranian distributor, however, and that distributor was continuing to use the Maserati name. The carmaker has since cut all ties with Iranian interests and has prevented its name from being used, adding that its new models will not be able to be sold there because they won't pass regulations the country's regulations.

Honda poised for growth, Detroit to hold steady, Car Wars study says

The automotive industry is expected to keep booming in the US over the next several years, but the train might start running out of steam in the long term, according to 2015's Car Wars report from Bank of America Merrill Lynch analyst John Murphy. The forecast focuses on changes between the 2016 and 2019 model years, and the latest trends appear similar in some cases to the past predictions. Sales are expected to keep growing and reach a peak of 20 million in 2018, according to the Detroit Free Press. The expansion is projected to come from a quick pace of vehicle launches, with an average of 48 introductions a year – 26 percent more than in 1996. Crossovers are expected to make up a third of these, maintaining their strong popularity. However, Murphy predicts a decline, as well. By 2025, total sales could fall to around 15 million units. As of May 2015, the seasonally adjusted annual rate for this year stands at 17.71 million. Like last year, Honda is predicted to be a big winner in the future thanks to products like the next-gen Civic. "Honda should be the biggest market share gainer," Murphy said when presenting the report, according to Free Press. Meanwhile, in a situation similar to Car Wars from 2012, a lack of many new vehicles is expected to cause a drop for Hyundai, Kia, and Nissan. Based on this forecast, Ford, General Motors, and FCA US will all generally maintain market share for the coming years. The report does make some future product predictions, though. The next Chevrolet Silverado and GMC Sierra might come in 2019, which is earlier than expected. Also, Lincoln could get a Mustang-based coupe for 2017, a compact sedan for 2018 and an Explorer-based model in 2019, according to the Free Press. Related Video: News Source: The Detroit Free PressImage Credit: Nam Y. Huh / AP Photo Earnings/Financials Chrysler Fiat Ford GM Honda Lincoln Car Buying fca us

Road Race Motorsports rolls out Fiat 500 M1 Turbo Tallini Competizione

We've seen some pretty radical modifications based on the Fiat 500 - from the Abarth 695 Biposto to that ridiculous idea to put a Ferrari engine in the back of a Cinquecento - but we never seem to get tired of it. On that note, we bring you the Fiat 500 M1 Turbo Tallini Competizione.
Built by Road Race Motorsports, the M1 takes a tarmac-rally approach and features an extensive list of modifications. For starters, the engine has been retuned to produce 250 horsepower and 250 pound-feet of torque, helping to knock a second off the 0-60 time (7.2 seconds from the factory). Upgraded brakes net a 20-percent improvement in stopping distance, and Road Race has put a special emphasis on high-speed stability and cornering performance.
Other modifications include a limited-slip differential, carbon-kevlar clutch and a reworked suspension with Bilstein shocks, stiffer bushings and upgraded sway bar, with 16-inch wheels wearing Toyo Proxes rubber. In addition to a full carbon-fiber widebody kit that helps cut 120 pounds off the curb weight, Road Race has given the M1 a new front air dam, side skirts, hood vents, brake ducts and rear spoiler. The interior has similarly been upgraded with racing buckets, five-point harnesses and a roll cage.