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The €2000 car
Fri, 15 Jun 2007By Tim Pollard Motor Industry 15 June 2007 08:28 The market for bargain basement cars costing as little as €2000 (£1400) is about to grow dramatically. CAR Online is reporting from Bosch’s annual technology seminar all week – and we grilled the bosses at the world’s biggest components supplier to find out about the soaring demand for cars priced under €7000 (£4900). Bosch’s president of gasoline systems, Wolf-Henning Scheider, said: ‘According to our estimates, this vehicle class will reach a share of 13 percent of the world market in 2010.
Saab is sold again: two Chinese makers buy Saab
Fri, 28 Oct 2011Chinese car makers Pang Da and Youngman today agreed to buy Saab in its entirety from Swedish Automobile. It's the latest extraordinary twist in the saga of Saab, which has been technically bankrupt since September 2011 and built just 11,000 cars this year. The deal, which will see the Chinese car makers pay €100 million for Saab, has not yet however been signed and sealed.
2014 Hyundai Elantra, Tucson FCEV and a new Nu engine at the LA Auto Show
Wed, 20 Nov 2013Hyundai made a boatload of news at the Los Angeles Auto Show on Wednesday. The Korean company unveiled the redesigned 2014 Elantra coupe, sedan and GT, the Veloster R-Spec hatchback and some interesting info on its upcoming fuel-cell program. The biggest news is Hyundai's revamped 2.0-liter Nu engine that now makes 173 hp, instead of 145 hp, and 154 lb-ft of torque, as opposed to the 130 of the old engine.