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Crunch watch Feb 09: the auto industry in crisis
Mon, 02 Mar 2009By Tim Pollard, Ben Pulman and Ben Whitworth Motor Industry 02 March 2009 18:11 Monday 2 March• The Volkswagen Group announces a 5% rise in sales revenues in the 2008 tax year and a 3% increase in operating profits, up to €6.3 billion. Chairman Martin Winterkorn said the group's multi-brand strategy and low CO2 cars had helped sustain sales, although he admitted that 2009 would see a fall in demand and revenues (Volkswagen) Friday 27 February• Jaguar Land Rover announces a significant order for 13,000 cars from a Chinese business. It's a morale boost for JLR which has been hit by a slump in demand with the global slowdown (BBC News)• Opel this afternoon agreed to a restructuring plan designed to save as many jobs and factories as possible – but it needs a €3.3 billion lifeline from the state.
GM to sell bifuel Chevrolet and GMC trucks
Wed, 18 Apr 2012While gasoline hovers at about four bucks a gallon, natural gas is priced at the equivalent of $1.89 per gallon. Chevrolet and GMC are hoping to take advantage of that disparity by offering bi-fuel heavy-duty pickups for fleet and retail customers beginning on April 19, the day before Earth Day. The bi-fuel option will cost buyers $11,000, on top of the price of the pickups.
Smart ForTwo Edition Urbanstyle arrives
Thu, 04 Mar 2010The Smart Fortwo Edition Urbanstyle - the cabriolet shown is a 'Special Order'. We can’t be 100% certain, but we think it’s highly likely that there is no such thing as a ‘Regular’ Smart. Whenever we come across a Smart car it’s always a ‘Special Edition’ or a ‘Limited Edition’ or an ‘Edition’ of some description.