We've been eagerly awaiting the upcoming introduction of the 2010 Ford Taurus since we first laid eyes on the Mondeo-inspired clay mock-up that was leaked across the Internets. Ford already announced that Ecoboost technology would power at least one version of the 2010 model, and with a 350-hp twin-turbo V6 underhood, we're thinking it's finally SHO time again. The scribes over at World Car Fans have supposedly heard otherwise, though, at least when it comes to the name. Word from industry insiders has the nomenclature as Taurus ST.
World Car Fans got more than a scoop on names; they got some pics of the sporty Taurus, as well. It looks like Ford designers opened up the lower air dam to help feed the force-fed powerplant. The next generation of the corporate grille is partly visible, too, and it appears as though the bars got thinner and less cartoonish in execution. Headlights visible through the heavy camo appear to be of the LED kind, and they look far more modern than the current Taurus' 1990's design. Massive, MKS-like 20-inch rims help show this undercover Taurus has sporty pretenses, as does the duel exhaust out back. Also evident from the spy pics is the fact that the bulbous roofline from the current Taurus has been replaced with something far more shapely and contemporary. We're still a few months from seeing the 2010 Taurus in the flesh, but it's good to see that the high-performance version is well on its way.
It's been well documented that we Americans have been growing larger, and if the auto manufacturers thinking of bringing their small cars Stateside follow through, we're going to feel like giants. Toyota and Audi are the latest automakers discussing whether to bring smaller transportation for us portly Americans. Audi, who didn't design the A1 concept for US duty, now believes it's a good idea to rethink its original strategy. Audi marketing boss Peter Schwarzenbauer thinks US customers have made a real shift towards smaller cars and trucks, and that the movement has staying power. Audi brass has made no decisions regarding the A1 in the US, but the fact that they're genuinely looking into the matter is a good thing.
Toyota's cleverly packaged iQ is also being considered for sales in the US. A company insider told Automotive News that Toyota was looking into the viability of the iQ in the US. The sharp looking micro car goes on sale in Europe beginning in early 2009, and we wouldn't be surprised if it arrived Stateside some time after that.
Click above for high-res gallery of the 2008 Chevy Corvette Z06
I received an Indy 500 poster on my birthday in 1986 that featured a Yellow C4 Corvette pace car leading the pack. My dad hung the poster above my bed, and I can honestly say that I stared at it every night for years. The Corvette was my dream car for my entire childhood, but as an adult I turned my attention to European rides like the Porsche 911 and the Ferrari 360 Modena.
When the C6 Corvette hit the scene for the 2005 model year, the Bow Tie brand's halo vehicle again had me pining for some General Motors muscle. GM gave the base Vette the same 400 horsepower as the C5 Z06, and I figured it was all the power I could ever want. That is, until the 2006 Z06 came along. The Z06 was kicking ass on the track and in enthusiast magazines, and it was toppling competition that far exceeded the Corvette's $70,000 price of entry. We never had the Z06 in the Autoblog Garage, so we were more than happy to take it off Chevy's hands for a week. Hit the jump to see if the Z06 met our lofty expectations from childhood.
Click above for high-res gallery of the 2009 Ford Ka
Ford has said in the past that it wasn't looking to bring its lovable little Ka subcompact to the United States, but increased demand for fuel efficient transportation has the Dearborn-based automaker rethinking its plans. The Ka is very popular in Europe, where fuel-sipping cars have long been accepted, but the tiny Ka has never been sold here in the States. The new Ka, which was shown off in Paris last week, carries Ford's European Kinetic Design theme that is shared with the larger Fiesta and Focus, but in a much smaller package.
Ford CEO Alan Mulally told a local Detroit radio station this morning that many within Ford Motor Company would like to bring the Ka across the pond, and that executives are reassessing the situation. The new Ka hits European showrooms in early 2009, and even if the Ka does come here, we likely won't see the sub-compact until 2011 at the earliest. With fuel prices in constant flux, we're guessing MPG-conscious customers will make the Ka a safe bet for Ford in the U.S.
Leasing is down industry-wide by about 50% from 2007 levels, but General Motors' captive credit arm took an even bigger bite out of its vehicle leasing in September. GMAC leased only 2% of all GM products in September, and the decision to do so had everything to do with the recent events of the financial markets. While leasing was down GM-wide in September, GMAC and Chevrolet were hit the hardest. The General's two volume brands accrued only .6% and .7% of its sales through leasing, compared to 11.2% and 13.6% respectively last year. Leasing is virtually non-existent for vehicles with low residuals, and Cadillac, which typically leases over 40% of its vehicles, leased at an 8.4% clip last month.
Nobody on Wall St. is purchasing securities right now, giving GMAC very little money to offer leases to its customers. A controlling interest in GMAC was purchased by Cerberus well before the private equity firm took control of Chrysler. Chrysler stopped leasing all together on August 1 in response to the huge losses it took on returned leases of SUVs and trucks. Both GM and GMAC say the break from leasing is only temporary, but with the financial markets still in flux, don't expect this trend to reverse itself any time soon.
Click above to watch the One-77 teaser video from Aston Martin
It's hard to think of a DB-9 or Vanquish as anything other than automotive perfection, so when the Brits in Gaydon say the One-77 is the embodiment of Aston Martin design, color us interested. The ultra-exclusive two-seat supercar seems to have it all: a 700 hp V12, carbon fiber chassis, aluminum body, and the ultimate in Aston design. The One-77 has an exclusive price tag of about £1,050,000 before taxes, too, and even the Paris Motor Show isn't a big enough venue to unveil the full design to the world.
Aston Martin is sure playing up the anticipation for the One-77, and even though there is absolutely no shot we'll ever get to drive one, we're taking the bait. Teasers and sneak peaks are all we're getting at this point, and with a full year before it goes on sale, we could be waiting a bit longer. Aston CEO Bez Ulrich and chief designer Mark Reichman sat down to discuss the One-77 with the cameras rolling, and the two key players on team Martin seem to be in love with this vehicle. Hit the jump to see more glimpses of the One-77 lurking in the shadows, while Bez and Mark shower the mega-exclusive supercar with verbal praise. Now just show us the whole damn car already!
You know what they say: "Buy low and sell high." General Motors stock closed at $9.45 on September 30, which is 78% below its 52-week high of $43.20. That little piece of news, coupled with GM's enormous financial losses and declining sales, makes stock in the 100-year-old company sound like a bad bet, but employees don't agree. The low price of GM shares has lead workers to snatch up all available employee purchasable stock, which is capped by volume in the company's two 401(k) programs. As a result, GM employees can no longer buy stock in the automaker through the company. Because of the share freeze, GM executives are also not allowed to buy, sell or trade any of the company's stock during this time due to the Sarbanes Oxley act. To obtain more employee purchasable shares for its 401(k) program, GM has to register more shares with the SEC, which is expected to happen on November 9.
Click above for high-res gallery of the 2010 Chevy Camaro
The highly anticipated 2010 Chevy Camaro is now only a few months from hitting the showroom floor, and we're just getting the final scoop on standard and optional content that will be available for all five Camaro variants. Customers wanting to order a Camaro can choose from LS, 1LT, 2LT, 1SS and 2SS models, and standard and optional equipment varies greatly between each package. The base model LS comes equipped with OnStar, 18-inch rims, and a 300-hp V6 engine, and the only optional item is floor mats. The 1LT package includes optional 19-inch rims, a Boston Acoustics sound system and a sunroof. The 2LT gets standard 19s, the sound system, leather seats, ambient lighting and Bluetooth and USB connections.
If you want your Camaro to include a 422-hp V8, you'll need to step up to the SS. The 1SS package includes standard 20-inch rims, four-piston Brembo brakes, a limited-slip differential and engine and transmission cooler. Options include polished aluminum wheels, a sunroof, and the upgraded sound system. The 2SS model adds all the standard features of the 1SS package and the 2LT package plus options including dual rally strips, a sunroof, and the Inferno Orange Accent interior. All trims except for the LS model have the option of adding the RS package, which gets you 20-inch rims, HID lamps, a spoiler (for the LT model), a Midnight Silver paint finish, darkened tail lights, and body colored molding.
Camaro sales may still be a few months away, but you'll be able to order yours at a local dealer beginning October 13. The complete list of standard and optional equipment is available for your perusal after the jump.
What do failing banks and foreclosed houses have to do with race tracks? A lot, apparently, if you're Charles Schumer. The New York Senator added an earmark to the nation's $700 billion "rescue plan" that will extend current tax laws for race tracks that allow them to be considered the same as amusement parks in the eyes of the IRS. As long as that's the case, track facilities can write off improvements to their concession stands, parking lots and the tracks themselves over a seven-year period rather than 15 years. On the surface this sounds like small potatoes, but adding up the numbers reveals that the tracks will save $100 million in taxes by writing off improvements over a shorter span of time. That means less of the earnings from each of those seven years will go towards taxes, helping the track owners achieve a higher annual profit in the short term.
The race track earmark wasn't in the House bill that got shot down last week, but was added by Senator Schumer to the 450-page bill, along with a number of other earmarks by other senators, to attract a few more Yes votes when the bill returned to the House of Representatives. It must have worked, as the House passed the bill today by a vote of 263-171 and it was signed into law by President Bush this afternoon. We feel rescued already.
Helio Castroneves has known only success in pretty much everything he's ever attempted, whether it be open-wheel racing or his fancy footwork on Dancing with the Stars. But the Brazilian-born driver is going to need more than quick feet and a knack for racing to get the Internal Revenue Service off his back. The two-time Indy 500 champ, along with his sister/business manager and lawyer, is in a world of legal hurt after being indicted by the IRS on six counts of tax evasion, which could send the talented driver to prison for up to 35 years. Castroneves was allegedly using an offshore bank account to hide millions of dollars from the U.S. government, which is a really bad idea, especially if you get caught. He received a $1 million driver agreement and $5 million licensing agreement from Penske racing for 2000-2002, and he allegedly stuffed the $5 million into an offshore account via a deferred royalty plan for which he wasn't eligible. For its part, the IRS seems intent on making an example out of Castroneves, saying "This case sends a clear message that the IRS is committed to vigorously enforcing the lax laws and stopping offshore tax evasion."
[Source: Market Watch, Photo by Robert Laberge/Getty]
We've been eagerly awaiting the upcoming introduction of the 2010 Ford Taurus since we first laid eyes on the Mondeo-inspired clay mock-up that was leaked across the Internets. Ford already announced that Ecoboost technology would power at least one version of the 2010 model, and with a 350-hp twin-turbo V6 underhood, we're thinking it's finally SHO time again. The scribes over at World Car Fans have supposedly heard otherwise, though, at least when it comes to the name. Word from industry insiders has the nomenclature as Taurus ST. 
Follow the Audi Mileage Marathon starting Monday morning
Paris 2008: MINI Crossover Concept
Paris 2008: Aston Martin One-77 (partially) revealed
Paris 2008: The GT by Citroen. No, the whole thing this time
Paris 2008: Lamborghini Estoque LIVE
In the Autoblog Garage: 2008 Chevy Corvette Z06
Autoline on Autoblog with John McElroy
Paris 2008: Le Day 1 Wrapup
Knight Rider: The Liveblog -- Season 1, Episode 2
By the Numbers - September 2008: Nobody Wins Edition
