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Volvo’s new VEA family of four-cylinder engines starts production
Mon, 13 May 2013As a result, Volvo has been planning a new range of four-cylinder engines to power their range in the future – the new Volvo Engine Architecture (VEA) – and has spent the last couple of years readying their design – and their facility in Skövde – to start production. And now it’s underway. Together with Volvo’s Scalable Product Architecture (SPA) the new VEA engines will be a core part of every new Volvo before too long, and will replace the five and six cylinder engines Volvo currently uses and will provide more power than current six-cylinder engines with economy and emissions better than current four-cylinder engines.
Lexus to unveil new concept at Detroit 2012
Tue, 20 Dec 2011Lexus has released a second teaser shot of its new concept car, set to be unveiled at next month’s Detroit auto show. This glimpse inside the Lexus sports car reveals an elegant cabin; we assume the photograph has been cropped to show just one front seat and it is in fact a two-seater. All will be revealed at the NAIAS in January 2012.
News watch February 2012: today's auto industry news
Wed, 29 Feb 2012Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 29 February 2012• Following on from yesterday's news of a cross-holding between PSA and GM, it now appears that Peugeot Citroen would offer a €1bn rights issue to create cash and strip back jobs as part of its proposed alliance with GM (Automotive News Europe) • The Bloomberg Riskless Return Ranking, a survey of investor performance, suggests that Kia has outperformed all 22 other car makers with a risk-adjusted return of 9.2% in the past five years. Second highest was Hyundai, whose shares rose 4.8% in the same period (Bloomberg)• Fisker has a new chief executive officer, as founder Henrik Fisker moves to executive chairman. The new boss is Tom LaSorda, the former top man at Chrysler pre-bankruptcy (Fisker)Tuesday 28 February 2012• General Motors is in talks to buy a 5% to 7% stake in PSA Peugeot Citroen, according to reports by news agencies Bloomberg and Reuters.