Archive for 'Industry News'

Report: Tesla Motors to offer IPO any day now

Posted: Nov 20, 2009
Filed under: Hybrids, Green News, Industry News, Tesla Motors

Two people familiar with the situation told Reuters today that electric-vehicle automaker Tesla Motors is planning to go public soon. The sources said that Tesla is outlining plans to offer an IPO and cash in on investors who are interested in the future of electric-vehicles.
A source said that an IPO filing from Tesla is expected any [...]

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Report: Michael Schumacher could return to F1 with Mercedes

Posted: Nov 20, 2009
Filed under: Industry News
Report: Michael Schumacher could return to F1 with Mercedes

Michael Schumacher is reported to make a come back to Formula 1 with the new Mercedes team, according to BBC Sport.
“Mercedes want the seven-time champion as their lead driver after taking over title-winning Brawn,” BBC Sport’s Eddie Jordan says. ”The possibility is being actively pursued and I believe it is going to happen.”
Schumacher’s return to F1 [...]

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Volkswagen to invest $29.55 billion between 2010 and 2012

Posted: Nov 20, 2009
Filed under: Industry News, Volkswagen
Volkswagen to invest $29.55 billion between 2010 and 2012

Volkswagen AG is planning to invest an automotive capital expenditure of around 19.9 billion euros ($29.55 billion) between 2010 and 2012. The German automaker said that an estimated 13.3 billion euros of the total investment will go into property, plant and equipment and will help modernize and expand the company’s product range.
“In the area of powertrains, [...]

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Volkswagen confirms acquisition of Karmann, will build new model at German plant

Posted: Nov 20, 2009
Filed under: Industry News, Volkswagen
Volkswagen confirms acquisition of Karmann, will build new model at German plant

Volkswagen’s Supervisory Board  confirmed today that it will buy land, machinery and equipment formerly belonging to Karmann at its Osnabrueck, Germany. Volkswagen said that it will build a new vehicle in Osnabrueck in 2011 but did not specify what the new car would be.
“Volkswagen will begin vehicle production in Osnabrück in 2011,” Volkswagen said in [...]

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Chrysler may close another 100 dealerships

Posted: Nov 20, 2009
Filed under: Chrysler, Industry News
Chrysler may close another 100 dealerships

Back in June when Chrysler emerged from a U.S. government funded bankruptcy it terminated nearly 800 dealerships in an effort to keep its network size in line with its U.S. market share. Chrysler came out of bankruptcy court with about 2,400 dealerships and had 2,366 at the end of October. The Auburn Hills automaker is [...]

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Former auto czar: Key aim to restructuring Chrysler was to change management

Posted: Nov 20, 2009
Filed under: Chrysler, Fiat, Industry News
Former auto czar: Key aim to restructuring Chrysler was to change management

The Obama administration’s former auto czar, Steven Rattner, said that the key aim of restructuring Chrysler was replacing the group of top executives and management that was put together by private equity firm Cerberus Capital Management LP.
“We wanted to have a completely fresh management team (at Chrysler),” said Rattner. “You can’t come to any conclusion that [...]

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So why did you return that Chevrolet Malibu? GM wants to know

Posted: Nov 19, 2009
Filed under: GM, Industry News
So why did you return that Chevrolet Malibu? GM wants to know

General Motors’ new Chairman, Edward Whitacre, is asking its engineers to call a couple hundred customers who are returning or exchanging their GM vehicles under the company’s 60-day money-back guarantee program. Mark Reuess, GM’s vice president of global engineering said today that he is personally calling customers.
Reuss said that this evening he will call a [...]

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Geely says it will keep Volvo production in Europe

Posted: Nov 19, 2009
Filed under: Ford, Industry News, Volvo

China based Zhejiang Geely Holding Group has made it known that they intend to keep Volvo production a European affair should it purchase the Swedish automaker.
The Wall Street Journal reported earlier in the month however, that Geely would be building a new Volvo plant in China with the ability to put out 300,000 vehicles per [...]

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Daimler kicks off production of 1,000 Smart ForTwo electric drive units

Posted: Nov 19, 2009
Filed under: Daimler, Hybrids, Green News, Industry News, Smart
Daimler kicks off production of 1,000 Smart ForTwo electric drive units

Daimler AG announced today that it has kicked off production of its new Smart ForTwo electric-drive EVs at the company’s plant in Hambach, France. The first 1,000 units produced will go to customers participating in various pilot programs across Europe and the United States.
The Smart ForTwo electric-drive will be available to the general public by [...]

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Microsoft uses silent Tesla Roadster to capture tire screeching sounds

Posted: Nov 19, 2009
Filed under: Hybrids, Green News, Industry News, Tesla Motors
Microsoft uses silent Tesla Roadster to capture tire screeching sounds

When most of us play video games, we never really think about how much work goes into producing one that is as close to reality as possible. Take car racing games for example – capturing sounds of tire screeches and engine noise seems like a tedious task since its difficult to isolate one from the [...]

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