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Chrysler says it needs another $2 billion in aid
Tue, 17 Feb 2009In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.
Honda Vezel Compact SUV goes on sale in Japan
Sun, 22 Dec 2013Honda Vezel Compact SUV (pictured) goes on sale in Japan The Honda Vezel – the production version of the Honda Urban Concept – arrived at the Tokyo Motor Show last month as Honda’s take on the Nissan Juke, and it’s now gone on sale in Japan. Honda are claiming to cover allk the bases with the Vezel, stating it offers “the dynamic qualities of an SUV, the elegance of a coupé and the functionality of an MPV”. A car for every man (and woman), no less.
Kia Sorento SUV is recalled for problem with airbag sensor
Mon, 19 Sep 2011Kia is recalling 10,631 Sorento SUVs because of a problem with the airbag sensor. Sorento models made between June 15, 2006, and Nov. 27, 2007, might have a malfunctioning sensor for the front passenger seat, incorrectly classifying passengers in that seat as children and therefore deactivating their airbags.