The Carlovers Magazine

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• Meet the Not-So New Beetle
• New Mazda Crossover Called CX-5
• Full Speed Ahead for Ford?
• Ferrari Plans Successor to Enzo Supercar
• Buick Concept Car Provides Vision of the Future
• Prototype Bimmer EV Carries $500 Monthly Lease
• Kia K2 unveiled at Auto Shanghai 2011
• U.S. Aims to Sell Much of its GM Stock This Summer
• Oil Prices Slide 2% After S&P Lowers U.S. Outlook
• GM Plans to Double Sales in China by 2015

Meet the Not-So New Beetle Posted: Volkswagen AG's 2012 Beetle is longer and wider than the outgoing model, which was discontinued last year. The new car's classic "bug" design is more retro than that of its predecessor, and the 2012 model drops the "New" prefix that was added when the modern version of the vehicle debuted [...]

New Mazda Crossover Called CX-5 Posted: Mazda Motor Corp. says it will name its upcoming compact crossover the CX-5. The company plans to take the wraps off the vehicle in September at the Frankfurt auto show and begin global sales next year. Mazda revealed the CX-5 as the Minagi concept at the Geneva auto [...]

Full Speed Ahead for Ford? Posted: Ford Motor Co. may follow the lead of other automakers and offer transmissions with additional forward gears beyond its current six-speed units, Paul Mascarenas, Ford's vice president of research and advanced engineering, tells Automotive News. Mascarenas says Ford is considering seven- and eight-speed transmissions and has not ruled out [...]

Ferrari Plans Successor to Enzo Supercar Posted: Fiat SpA's Ferrari unit plans to introduce a successor to its Enzo supercar late next year or in early 2013, Autocar reports. Citing unnamed company sources, the British enthusiast magazine claims without elaborating that the design of the new model will be influenced by the rival Bugatti Veyron. Autocar [...]

Buick Concept Car Provides Vision of the Future Posted: General Motors Co. says its Buick Envision compact crossover concept hints at the styling of other upcoming models from the brand. GM unveiled the plug-in hybrid yesterday at the Shanghai auto show. The Envision rides on a lightweight chassis that is made of carbon fiber, magnesium and aluminum [...]

Prototype Bimmer EV Carries $500 Monthly Lease Posted: BMW AG says it will begin leasing about 700 of its prototype ActiveE electric vehicles in six U.S. markets this fall. The two-year lease will cost $499 per month with a down payment of $2,250. The ActiveE, which is based on the conventionally powered 1 Series compact coupe, has a [...]

Kia K2 unveiled at Auto Shanghai 2011 Posted: Kia has unveiled the all-new Kia K2 at Auto Shanghai 2011 motor show in China. The car is based on the new Kia Rio which was unveiled at the Geneva Motor Show earlier this year, only the K2 was developed and engineered for the Chinese market. Featuring a design layout that almost presents a miniature [...] Original article from: Australian Car Advice - Australia's largest independent Auto site. Kia K2 unveiled at Auto Shanghai 2011

U.S. Aims to Sell Much of its GM Stock This Summer Posted: The U.S. Dept. of the Treasury plans to sell a significant chunk of its remaining 26.5% stake in General Motors Co. this summer, despite slumping share prices, according to today's Wall Street Journal. The newspaper, which cites unidentified sources, says the Obama administration wants to sever its ties with GM by [...]

Oil Prices Slide 2% After S&P Lowers U.S. Outlook Posted: Crude oil futures dropped $2.28 per barrel yesterday on the New York Mercantile Exchange to close at $107.38, continuing the sharp fluctuations that began last week. Analysts say the decline was triggered when Standard & Poor's Ratings Services downgraded its outlook for U.S. Treasury securities from "stable" to "negative." S&P cites [...]

GM Plans to Double Sales in China by 2015 Posted: General Motors Co., which doubled its annual sales in China from 2008 to 2010, says it aims to more than double its volume there again to about 5 million vehicles over five years. The target is far more ambitious than its goal a year ago of boosting sales to 3 [...]

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