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New products to drive Porsche's sales goals
Mon, 24 Jan 2011Porsche may add an entry-level sports car as part of a plan to double global sales to 200,000 units by 2018. The new four-cylinder sports car would be in addition to a small SUV and a plug-in hybrid supercar recently approved for production. Matthias Mueller, the former Volkswagen executive who took over as Porsche CEO in October, says a new product strategy will be completed by the end of March.
Fiat and Chrysler to completely merge?
Sun, 06 Feb 2011Chrysler Group and Fiat Group's auto division could become a single company based in the United States, Chrysler and Fiat CEO Sergio Marchionne told an industry conference here Friday. That won't happen until after Chrysler refinances the government loans that have kept if from being profitable and holds an initial public offering, both of which Marchionne hopes will happen this year. "From a corporate governance standpoint, there's a point where separate companies make no sense.
Top-Selling Fiesta Earns Best Used Car Award From CAP
Thu, 10 Oct 2013THE FORD Fiesta, Britain’s best-selling car, has been declared Used Car of the Year 2012 by car valuation experts CAP. Top of CAP’s criteria when choosing its Used Car of the Year were affordability, practicality, reputation and popularity in the used car market. Commenting on its decision, Mark Norman, of CAP, said: “It is always tempting for the motoring media and other industry observers to take ‘the petrol head’ approach when giving awards to cars which excite them, but the CAP Used Car of the Year Award recognises the contribution a car makes to both consumers and dealers.” Ford’s Fiesta continues to top the UK sales charts and the range is being further strengthened by the arrival of new models featuring class-leading fuel economy from six powertrains with CO2 emissions under 100g/km, as well as innovative new driver assistance and safety features.