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Car sales rise as shutdown ends
Fri, 01 Nov 2013DETROIT -- Combined U.S. sales by the Detroit 3 rose 14 percent last month, helped by strong demand for sedans and pickups and an increase in showroom traffic after the partial government shutdown ended. General Motors reported a 16 percent gain after losing market share in August and September.
Chrysler investigated after collapse of Getrag deal
Thu, 26 Mar 2009The state of Indiana is investigating Chrysler LLC for securities fraud over the collapse of a joint venture with Getrag Transmission LLC. Jim Gavin, a spokesman for Secretary of State Todd Rokita, today confirmed a Kokomo Tribune report that said the investigation began two weeks ago. "There have been no complaints or allegations made," the paper quoted Rokita saying in a speech Tuesday.
New Honda NSX: Time to raid the piggy-bank as the order book opens in the UK
Thu, 18 Apr 2013The new NSX got its first outing at the Detroit Auto Show in 2012 and is being developed by Honda in the US with the aim of producing a ‘green’ supercar with advanced environmental performance without sacrificing on-road performance. The 2015 NSX will not only be designed in the US, but built there too The new NSX gets a mid-mounted direct-injection V6 which drives power through Honda’s Sport hybrid SH-AWD system with 2 electric motors that can apply positive or negative torque to the front wheels during cornering which, say Honda, will deliver handling unmatched by other all-wheel-drive systems. Phil Crossman, Honda’s UK MD, said: We are really pleased with the interest we’ve already seen for the new NSX. We are still two years away from the launch of the car and yet we’ve received over 20 deposits and that’s before we’ve even announced prices or seen the final production car.