Holden has revealed it suffered a $210.6 million net loss for 2009, a result which it blames on the loss of Pontiac exports to the North American market.
Its investment in the Pontiac program accounted for the majority of one-off charges in 2009 totalling $223.4 million - without which Holden would have boasted a $12.8 million [...]

Development of the 2011 BMW X3 is gathering pace, with BMW reportedly keen to bring the next generation of its mid-strength crossover to market quickly to steal a march on the Mercedes-Benz GLK and Audi Q5.
First spied late last year in BMW’s trademark psychedelic camouflage, new shots obtained today reveal new details previously obscured.
Although this [...]

The Rolls-Royce Ghost has won this year’s prestigious “red dot: best of the best” design award.
The German-based award, one of the most important in the world for product design, recognises both groundbreaking design and unusually high quality in all manner of fields including machinery, cars, furniture and even home appliances. The red dot award has [...]

Following the unveiling of the new wide body 2011 Subaru Impreza WRX, Subaru has given us a sneak peek of the new flagship STI version.
Captioned simply with the phrase “The wing is back!”, the accompanying teaser shot shows a sheet draped over the STI with an obvious silhouette of the trademark rally-style wing at the [...]

The Victorian Government took delivery of its latest high-performance car last week when police officers nabbed F1 driver Lewis Hamilton doing a burnout outside the Albert Park F1 circuit in the lead-up to the big race. Chalk another big PR result up to the anti-hoon laws.
Twenty-five-year-old Hamilton’s borrowed $165,000 C 63 AMG Mercedes-Benz, on loan [...]

Queensland police are set to roll out a fleet of unmarked mobile speed camera vehicles this week ahead of the Easter break, including four cars and two motorcycles.
Common in other Australian states, the covert mobile speed cameras are ‘a first’ for Queensland. Where previous unmarked camera operations have seen motorists alerted [...]

Jenson Button on Tuesday got a taste of V8 Supercar racing when he swapped his McLaren for a Holden Commodore of the Australian touring car series.
In a Vodafone sponsor event, the 30-year-old did a few laps of the Albert Park circuit in fellow reigning champion Jamie Whincup’s car.
But while Briton Button enthused about the “quite [...]

Alfa Remeo has announced a new addition to the UK-market MiTo line-up, powered by the new MultiJet II turbo-diesel engine developed at Fiat Powertrain Technologies.
Producing 70kW at 4000rpm and 200Nm of torque at 1500rpm, the 1.3 litre MultiJet II turbo-diesel is expected to debut in Australia this year. It will join the 1.4 litre petrol [...]

Subaru have been making changes to its third generation Impreza WRX in stages. The most noticeable is the adoption of the STI’s widebody design.
Both the hatch and sedan get the new pumped-up sheetmetal, giving the sedan a much needed injection of testosterone.
With a more aggressive stance the 2011 Subaru Impreza WRX gets a 1.5 inch [...]

Tighter lending criteria and the first home owners’ grant have caused a 13 per cent downturn in demand for new car credit among young drivers.
February credit statistics from vedaauto.com show the biggest drop in credit demand was in the 18-24-year-old group, followed by over-65s and 25-34 (-9%), 55-64 and 35-44 (-5%) and 45-to-54 (-2%). [...]