1978 Pontiac Firebird Formula on 2040-cars

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GM's got 107 problems and NHTSA's No. 1

General Motors' problems with its recall of roughly 1.6-million vehicles continue to mount. Now that it has emerged that GM knew about the problem since at least 2004 but waited to recall vehicles until February 2014, regulators at the National Highway Traffic Safety Administration have begun a much deeper investigation. NHTSA has sent a 27-page survey to GM that includes 107 questions about the timeline of what led up to the recall, and it has until April 3 to reply. This isn't a simple, multiple-choice test. Automotive News believes that hundreds of pages could be required to answer some of the queries. NHTSA says that it is still investigating GM's response to the recall. "We are a data-driven organization, and we will take whatever action is appropriate based on where our findings lead us," said NHTSA in a statement on its website. If found liable, the automaker could face a fine as high as $35 million and even possible criminal charges, according to Bloomberg. NHTSA's questions include a detailed explanation of GM's examination process; how it will improve the process; why a planned redesign of the cars' key in 2005 wasn't implemented; and specific data on each complaint it received. According to Bloomberg, NHTSA also has records that show the company had a meeting with regulators to discuss the airbag failure in a Chevrolet Cobalt in 2007. New GM CEO Mary Barra has also hired an outside law firm to conduct an independent investigation about what happened. It will include questioning company employees who were involved with the process from the start. The recall stems from faulty ignition switches that shut off the car while driving, and if it occurs the airbags deactivate. Thirteen deaths and 23 crashes have been caused by the problem, according to Bloomberg. If you would like to peruse NHTSA's entire questionnaire for GM, it can be viewed here. News Source: Automotive News – sub. req., National Highway Traffic Safety Administration, BloombergImage Credit: Carlos Osorio / AP / dapd Government/Legal Recalls GM Pontiac Saturn Safety pontiac solstice saturn ion saturn sky pontiac g5

'We're not a hedge fund': Porsche plans to curtail speculators and flippers

A sizable number of speculators view cars as an investment. Rare or unusual models are quickly snapped up and either parked for years or flipped for a profit. Cars from automakers like Porsche and Ferrari are more prone than others, and at least some people behind these models are getting a bit tired of it. While it's difficult to police what goes on after you sell a car, Porsche has some plans that might curtail the problem before it starts. Andreas Preuninger, the head of GT road-car development and the man behind the new 911 GT3, spoke to Car and Driver at a recent event. "I personally like to see my cars being used," he said. "That's what we build them for. They are just too good to be left to stand and collect dust." One recent example of this rampant speculation is the 911 R. While the special manual-only model sold for $185,950 when new, used versions were selling for nearly $1.3 million just months after it went on sale. While the car is a masterpiece and an instant classic, a good number will be parked and simply used as art and not the rolling testaments to the man/machine interface they were intended to be. The concern over valuations has become so fierce that some owners are upset that Porsche is offering the new 911 GT3 with a manual transmission, fearing that it may hurt the value of the 911 R. "When I said we're not a hedge fund, I'm talking to those people who are yelling at us for offering the manual transmission similar to the R," Preuninger said. "But if there are people wanting to buy cars like that, then as a company we should try to fulfill that, to meet that demand." It seems Porsche is keeping a close eye on who is flipping cars. Since there is often far more demand than supply with certain models, the German automaker has a name for every car before it's built. Buyers with bad reputations might not even make the wait list. Related Video:

Another Burt Reynolds Trans Am is up for auction

Fans of Smokey and the Bandit, your car has arrived. This Saturday, January 21, Barrett-Jackson will auction a 1977 Pontiac Trans Am clone that, while not originally in the movie, was owned and signed by the Bandit himself, Burt Reynolds. Not only that, but it packs many modifications that should make this Pontiac drive the way we all imagined it did. This is a Trans Am clone, not an original. The car was built by Nebraska company Restore A Muscle Car, and started life as a lowly Firebird Formula. However, the company brought it up to Trans Am grade and beyond. Under the hood is a fuel-injected 8.2-liter V8 from Butler Performance that Restore A Muscle Car says produces 600 horsepower. Coupled to the big V8 is a Tremec five-speed manual transmission. There's even Hurst line-lock on-board, so this Trans Am should be perfect for on-demand burnouts. The car also comes with QA1 coil-over suspension, so it should corner better than the original, too. The outside looks roughly like a stock Trans Am, but it now has 18-inch wheels styled after those from the movie car, and the shaker scoop says "8.2" on each side. View 5 Photos In 2014, a 1977 Trans Am owned by Reynolds sold for a whopping $450,000. That car wasn't an actual movie car either, and lacked the modifications of this one. However, it was used as a promotional car and was given to Reynolds, so it did have some history with the film. This upgraded car is listed in the Barrett-Jackson catalog as "no reserve," so it's going home with a new owner on Saturday, regardless of price. Related Video: