Toyota announced last week that it has decided to liquidate stake in New United Motor Manufacturing Inc (NUMMI) in California, a plant that it jointly operated with General Motors. The UAW is now urging its members to contact U.S. lawmakers in an effort to try to convince Toyota Motor Corp to keep operating its California assembly [...]
Here it is – the war of the ‘Zs.’ This past weekend during episode 6 of Top Gear season 13, Jeremy Clarkson pinned the new 2009 Nissan 370Z (which we’re driving around right now) against the new 2010 BMW Z4. Refresher: 2009 BMW Z4 sDrive35i: Power comes from a 3.0L twin-turbo inline-6 engine that makes [...]
Tata Motors, creator of the world’s cheapest car and owner of luxury brands Jaguar and Land Rover, reported a 58 percent rise in net profit, defying analyst forecasts for a halving of profit. The Indian automaker reported a net profit of 5.14 billion rupees ($107 million) in the quarter to June, from 3.26 billion rupees a year [...]
As of recently, Nissan has been quite vocal about its electric-vehicle ambitions. Along with the announcement of its new electric-vehicle platform this morning, Nissan launched a mini-site focused around the launch of its first electric-car scheduled to make its debut on August 2nd. The site shows a teaser of what we can expect to see [...]
Europe’s largest automaker, Volkswagen, is considering a capital increase as one option among many to finance its takeover of sports car maker Porsche. Bankers familiar with the matter said that the company is looking to raise up to 4 billion euros ($5.7 billion) ahead of taking over Porsche to protect its credit ratings. “Volkswagen is [...]
Mercedes-Benz announced today that it has successfully delivered more than 40,000 units of the 2010 Mercedes-Benz E-Class to customers since its introduction in spring 2009. “The fact that the E-Class sedan already became the global market leader in May demonstrates how well it is being received by our customers,” said Klaus Maier, Executive Vice President [...]
The current Ford Explorer lineup will get a little smaller in 2010 when FoMoCo drops the Explorer Sport Trac and the Mercury Mountaineer SUV. The move will come when Ford switches the Explorer from a body-on-frame to a unibody platform, suppliers told Automotive News. The unibody 2011 Ford Explorer, based on the D3 platform used on the [...]
This Wednesday, Chrysler Group’s new board of directors will meet for the first time since the company emerged from bankruptcy to start its turnaround efforts under Fiat SpA. Chrysler’s nine-member board , which includes CEO Sergio Marchionne and Chairman Robert Kidder, has three directors appointed by Fiat, four by the U.S. government, one by the [...]
FoMoCo is all about going global and going small – the same applies for its luxury brand Lincoln. With the Navigator selling poorly, Lincoln is now considering vehicles as small as the Ford Focus and a compact crossover due out in 2011. The two would be the smallest Lincoln models in the brands current lineup [...]
Nissan Motor Co engineers are hurrying up to squeeze out another mile or two per gallons out of the automaker’s lineup in order to win customers who come looking for federal Cars Allowance Rebate System (CARS) or cash for clunkers money. “We want as many of our products as possible to pop up on the shopping [...]
