Set to debut formally in UK showrooms Summer 2009, Skoda chairman Reinhard Jung has confirmed that the all-terrain, compact Skoda Yeti SUV is scheduled to hit dealer lots in early 2010. Intended to compete similar vehicles in its segment like the Toyota RAV4 and Ford Kuga, the Skoda Yeti boasts impressive off-roading capabilities in relatively [...]

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The Treasury Department said Friday it’s prepared to act to avoid any possible collapse of nation’s three largest auto companies given that rescue efforts in Congress have failed.
“Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry,” said [...]

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It was revealed last week that Audi’s V10-powered R8 was headed for a Detroit reveal next month, but the German automaker has given up the goods a little early. Audi released the R8 V10’s specs on Monday, along with a host of production images.
Though sporting two more cylinders and a little more grunt mid-ship, the [...]

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A single official photo of the 2010 BMW Z4 leaked online today, following the emergence of an amateur spy photo of the finished car just one day prior. This latest images — showing the rear of the car — was scanned from an official brochure. The other photo, showing a front 3/4 view of the [...]

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GM today announced that it is ceasing operations at General Motors Air Transportation Services (GMATS) at Detroit Metro Airport.
Due to significant cutbacks over the past months, GM travel volume no longer justifies a dedicated corporate aircraft operation.
GM is currently exploring options for transferring its aircraft to another operator. The company is pursuing sale of four [...]

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