Episode 524 – GM Goes Public, Plug-In Prius Pricing, Lotus Heads to Indy

November 18th, 2010 at 12:19pm

Runtime 4:54

General Motors finally launched its initial public offering today. More news from the Los Angeles Auto Show: Toyota announced pricing for its plug-in Prius in Japan and Lotus announced it will build engines and body kits for the IndyCar racing series starting in 2012. All that and more, plus a look at Hyundai’s unique unveil of the all-new Elantra.

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This is Autoline Daily for Thursday, November 18, 2010, and now the news.

GM GOES PUBLIC
General Motors finally launched its initial public offering today. And CEO Dan Akerson marked the occasion by ringing the bell to start the day’s trading at the New York Stock Exchange.

PLUG-IN PRIUS PRICING
More news from the Los Angeles Auto Show. Toyota announced pricing for its plug-in Prius in Japan.

LOTUS HEADS TO INDY
Lotus announced it will build engines and body kits for the IndyCar racing series starting in 2012.

HONDA GX CIVIC FOR ALL 50 STATES
Honda announced it will offer its natural-gas powered GX Civic in all 50 states in the U.S.

FORD CONTINUES SPLIT WITH MAZDA
Ford announced it will further cut its stake in Mazda.

Coming up next, we’ll show you how automakers try and out do each other when it comes to unveiling cars at auto shows.

HYUNDAI ELANTRA UNVEIL
Hyundai unveiled the new Elantra in Los Angeles and it was a unique introduction to say the least.

Don’t forget to tune into Autoline After Hours tonight. This week John McElroy and Peter De Lorenzo come to you from the Pacific time zone in the great city of Los Angeles. Autoline and the Autoextremist are out west this week covering the L.A. Auto Show, and we’re getting together to do an AAH from the land of CARB and some really out-of-control cars. We’ll be discussing the major news out of this week’s show and much more. That’s tonight at 7 p.m. Eastern time.

And that’s it for today’s top news in the global automotive industry. Thanks for watching, we’ll see you tomorrow.

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10 Comments to “Episode 524 – GM Goes Public, Plug-In Prius Pricing, Lotus Heads to Indy”

  1. Todd Jaspers Says:

    Lotus to build engines? This is awesome! I heard (maybe on here) that GM will also build engines for Indy. I’m thrilled to see Indy starting to unhomoligate and turn a bit more towards F1. Sounds like 2012 stands to be an awesome Indy season.

  2. Salvador G. Says:

    JohnMc. Please tell me that an American Automaker is toping that Hyundai presentation… Mermaids, drinks, music… Did reporters just applauded Jeff Bridges for getting a Genesis?? And when can we(I) go with you next time?

  3. tj Martin Says:

    How in the (BLEEP ) is Lotus going to provide engines for Indy Car when they don’t even provide engines for themselves ??They use Toyota motors , exclusively !!

    I think that was a mis-print there John . Autoweek and Autosport both are saying the motors for Indy Car are coming from Chevrolet .

  4. pedro fernandez Says:

    I wonder if those mermaids have green cards, it is California after all.

  5. M Campbell Says:

    tj, Cosworth will be building the ‘Lotus’ engine for Indy, just as Ilmor is building the one to be branded ‘Chevrolet.’

  6. HtG Says:

    anybody know why Proton is spending money on cars? Are they Malaysian oil money?

  7. tj Martin Says:

    @M. Cambell

    Thanks for the clarification . Does beg the question though as to where Lotus is suddenly coming up with the $ to be getting involved with Indy Car in light of their abysmal sales figures world wide along with the ongoing legal battle with Lotus F1 over naming rights .

    @HtG ; Yes Proton is Malaysian Oil Money . But many believe they’re in the process of severely over extending their reach what with their attempt to bring Lotus up market ( when Lotus has failed at every previous attempt historically ) and now this move towards Indy Car racing .

    I’d love to hear John Mc’s view on Proton and their plans for Lotus .

  8. pedro fernandez Says:

    You wonder who is advising these investors, they would have been better off buying either Pontiac or Saturn from GM rather that the loser Lotus.

  9. tj Martin Says:

    @ pedro fernandez

    Simple answer ( who’s advising these investors ) Their Egos .

  10. C-tech Says:

    I believe there is more value and less baggage in the Lotus deal than trying to buy and un-tie Pontiac and Saturn from GM. Prhaps the best deal in all this downsizing and dealing was buying Volvo.