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Fisker battles problems as the Karma finally lurches toward launch
Tue, 24 Jan 2012All Henrik Fisker wants is to build his plug-in hybrid cars and deliver them to customers--some of whom have been waiting three years since plunking down $5,000 deposits. Instead, he has been fending off criticisms aimed at his green-car company as shipments of his $103,000 Karma plug-in hybrid sedan have been delayed by cash flow troubles, regulatory snarls and a recall. But when a startup such as Fisker Automotive accepts a Department of Energy loan in a down economy, having the company tossed around like a political football comes with the territory.
Chrysler quadruples profit in first quarter
Thu, 26 Apr 2012The Chrysler Group is riding high on first-quarter profits this year that totaled $473 million. That's quadruple what it made last year during the same period. Revenue rose 25 percent to $16.4 billion, while U.S.
Michelin launches 2013 Challenge Design
Fri, 23 Sep 2011Michelin has announced the brief for the annual Michelin Challenge Design competition, themed ‘HALF! Lightweight with a Passion'. Pre-registration for the 2013 automotive design competition begins October 1, 2011.