Showing posts with label Reports. Show all posts
Showing posts with label Reports. Show all posts

Ford Asks: What Should the Focus EV Sound Like?


So the all-electric Ford Focus EV is landing stateside in late 2011 to snub its nose at the likes of the Nissan LEAF and Mitsubishi i MiEV with its utterly conventional name that’s not even an acronym.

Now Ford is asking its most important shareholders (the general public) what the Focus EV should sound like, as there are members of the world community that think silent cars are a danger to the blind and the deaf.

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U.K.’s Auto Industry to Young People: Be an Engineer!


Twenty-three of the U.K.’s car and component factories have opened their doors to teachers and students alike in a renewed bid to entice young people into automotive and manufacturing engineering. At the annual summit of the Society of Motor Manufacturers and Traders (SMMT), Tony Walker – Toyota Motor Manufacturing U.K.’s deputy managing director – said:

“The industry today is hi-tech. There are no oily rags. There are no smoke stacks. It is an inspirational and an aspirational place to be.”

In fact, carmakers are eager to point out just how fun and lucrative engineering can be. It’s all part of the U.K. government’s push to shift its focus away from financial services after the deadly Global Financial Crisis of 2007.

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EIB Approves Lease of Saab’s Real Estate


The European Investment Bank has finally approved the lease of 50.1% of Saab Automobile’s property to a Swedish Consortium led by Hemfrosa Fastigheter AB for a period of 15 years. The deal is expected to net Saab Automobile 25 million Euros ($41 million). Read more »

Nissan Leaf Outsells Chevy Volt in Electric Car Battle During the first half of 2011


The battle for supremacy in the electric car category has begun –even though at present there are only two prime contestants. According to Bloomberg, the Nissan LEAF sold 3,875 cars the first half of the year, compared to 2,745 of GM’s Volt over the same period.

From January through May, the Volt was only 17 cars behind the Leaf, but in the following month, sales of the Volt plunged to just 561 cars, while those of the LEAF took off with a record 1,708 units, giving Nissan’s EV the lead. The LEAF costs $33,000 before a $7,500 federal tax credit, while the Volt costs $41,000 before government incentives.

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GM Warns Police, but not Civilians, on Defective Impalas, Faces Lawsuit


A class-action suit has been filed against General Motors in Detroit concerning a defect in the suspension rods of more than 400,000 2007-2008MY Chevrolet Impalas that causes premature wear to the rear tires.

The lawsuit was filed on behalf of a woman from Pennsylvania named Donna Trusky, who wants GM to replace the defective suspension rods on 423,000 Impalas from the 2007-2008MY the company sold over a two-year period.

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Mitsubishi Updates i-MiEV, Slashes Prices and Increases Autonomy


The electric car war rages on and the latest entrant is Mitsubishi’s new model year version of the i-MiEV that was revealed today in Japan. The most important changes that Mitsubishi made to its all-electric city car is the introduction of a new lower-cost base model and improvements to the standard version in order to extend its driving range.

The new budget model is called the ‘M’ and its price comes down to 2.6 million Yen (US$32,070 -€22,170) or 1,880,000 Yen (US$23,190 - €16,040) after Japanese government subsidies. It is powered by an electric motor producing 41-horses and has a reduced driving range of 120 kilometers (75 miles).

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Subaru Signs MoU to Manufacture Compact SUV in Malaysia


Subaru’s parent company Fuji Heavy Industries Ltd. (FHI) today announced that it has signed a memorandum of understanding (MOU) with the Tan Chong Group for the local production of an unnamed compact SUV in Malaysia.

The only compact SUV in Subaru’s current range is the Forester, though the vehicle in question may be the upcoming Impreza-based crossover that was previewed by the XV Concept (pictured above) at the 2011 Shanghai Auto Show in China this past April.

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VW’s Force is Strong: German Brand Scoops 34 Awards in Cannes


Volkswagen won an amazing 34 “Lions” in the 58th International Festival of Creativity in Cannes. The German automaker, which came away with more awards than ever before (8 Golden, 14 silver and 11 Bronze), also won a “Titanium Lion” for the “Think Blue” campaign.

However, the star of the show was, of course, “The Force”, Volkswagen’s extremely successful TV ad that features a Lilliputian Darth Vader wannabe and the new Passat. This ad alone, which has been watched by over 40 million viewers on Youtube, won three awards, two Gold and one Bronze.

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Caterham Logos to Appear on Team Lotus’ F1 Cars


It’s funny how things turn out sometimes. In 1973, Caterham, which was founded in the 1960s as a Lotus dealer, acquired the rights to build the Seven from Lotus. Now, Team Lotus has purchased Caterham Cars through a holding company, part owned by Malaysian Tony Fernandes. Read more »

Police Forces in Georgia and Iowa Sold on GM’s New Chevy Caprice PPV


General Motors has began delivering its first 2011 Chevrolet Caprice Police Patrol Vehicle (PPV) to law enforcement officers across the U.S. Among the first to receive GM’s new patrol car are police departments in Forsyth County, Georgia and Cedar Rapids, Iowa.

Forsyth County Sheriff Ted Paxton said that after trying out the Chevy for a month his office decided to replace its current fleet of around 175 other patrol vehicles with Caprice PPVs.

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Land Rover Begins Series Production of Range Rover Evoque


Series production of the long-anticipated Range Rover Evoque began on Monday, July 4, at Land Rover’s Halewood plant. The “baby Range” has already raked in 18,000 advance orders from customers in more than 170 countries worldwide, and is expected to contribute to the UK economy with a £ 2 billion annual export value, along with another £ 2 billion spent on UK suppliers. Read more »

Monster Toyota Celica Beats F1 Cars and Everything Else at Goodwood Recording the Fastest Hill Climb Time


Over the past weeks we’ve been bombarding you with news about exotic cars such as the Aston Martin Zagato V12 that would participate at this year’s Goodwood Festival of Speed. The event took place this past weekend and the spectators gathered to marvel at every car enthusiasts dream garage.

But they also came to watch more than 200 production, tuned and racing models including recent Formula 1 cars, race against the clock in the famous 1.6 mile hill-climb. However, much to everybody’s surprise, the winner was not an F1 car but a tuned, 800+ horsepower Toyota Celica that recorded a time of just 48.07 seconds.

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Saab Finalizes Deal with Panga Da and Youngman, Announces New 9-1, 9-6X and 9-7


Saab’s parent company Swedish Automobile NV said on Monday it converted the non-binding memorandum of understanding with Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co into a final agreement. However, the deal is still subject to regulatory approval from Chinese and Swedish authorities as well as the European Investment Bank.

In addition to the above agreement, Saab announced the formation of a Sweden-based joint venture company between itself and Youngman called NPJV, which will focus on the development of three new product models.

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Mark Higgins to Race Subaru Cosworth Impreza STI CS400 Against Supercars at Pageant of Power


Subaru will take on a wide array of supercars including the Ariel Atom V8, Lamborghini LP570-4 Performante, McLaren MP4-12C and Noble M600 at this month’s Cholmondeley Pageant of Power, which is billed as “the UK’s biggest celebration of power and speed”.

The Japanese company will compete in the race with its limited-edition Cosworth Impreza STI CS400, driven by none other than Mark Higgins, the former British Rally Champion who recently set the production road car lap record for the Isle of Man TT circuit in an Impreza WRX STI

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Williams and Renault Reunite in Formula 1


A legendary alliance is reforming in Formula 1: Williams and Renault Sport have decided to cooperate once again for the 2012 and 2013 seasons, when the rules stipulate V8 engines, and an option to continue in 2014 when the new turbocharged V6s are introduced. Read more »

2012 Toyota Camry Revealed in Leaked Presentation Video?


Last week, we told you about Toyota’s national dealer meeting in Las Vegas where the company briefed its associates on the firm’s current and future plans which include the launch of the all-new 2012 Camry sedan.

It appears though that the Japanese company did a bit more than simply brief its dealers on its plans as a video allegedly showing the presentation of the new Camry has made its way on the internet.

While we can’t be 100 percent sure that what we’re seeing in this amateur footage is the new Camry but given that the color of one of the vehicles depicted in the clip as well as the background seem to match the official video showing Toyota Motor Corporation (TMC) President Akio Toyoda standing next to the 2012MY mid-size sedan, we wouldn’t be surprised if it is the real thing.

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Marchionne Threatens to Leave Industry Body over Fiat-Union Brawl


Fiat S.p.A.’s CEO, Sergio Marchionne, threatened to pull out of the Italian industry federation from January 1, 2012, unless there is some progress with the union talks.

This is only the last episode between Fiat's boss and Italy’s largest industrial group’s labor unions over the new contracts that he has imposed at three of Fiat’s factories in order to reduce the number of absent workers and increase productivity.

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Rumors: Lotus Exige to Spawn Rally Car?


Here’s something we weren’t expecting; according to a report from CAR Magazine, Lotus will launch a new rally car at the Frankfurt motor show in September. The rally car -not the one pictured here- will be based on the Exige, which is renowned for its road and track capabilities, but we’ve never imagined it near a rally stage. Read more »

Report: Owners Leasing Cars May Be Able to Make a Profit


With the recent surge in used car prices in the U.S., many people leasing vehicles have discovered the surprising fact that the market value of their automobiles is greater than the dealer’s quoted residual (buyout) price.

All a would-be lessee needs to do is buy the car from the dealer and sell it on privately. The dealer gets the residual amount and the former lessee pockets a tidy sum.

Take the example of a 2008 Volvo XC90. With more than twelve months left on the lease, the dealer’s buyout price was a quoted US$18,500. Compare this to the amount the lessee was likely to get by selling the car privately: a far more substantial US$27,000. That’s a profit of US$8,500!

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Bentley Defies Crisis with a 20% Increase in Global Sales


Crisis? What crisis? For you and me, perhaps, but not for Bentley buyers. The VW-owned British luxury carmaker announced today a 20% increase in global sales for the first half of 2011 with 2,978 cars delivered to customers, the best start for the company since 2008. Read more »