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Crunch watch July 09: the auto industry in crisis
Fri, 31 Jul 2009By Tim Pollard, Ben Pulman, Ben Whitworth and Alex Michaelides Motor Industry 31 July 2009 11:23 Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 31 July 2009• Lamborghini today posted pre-tax profits of €5.4 million – despite a sales drop of 37% in the first six months of 2009. Sant'Agata said turnover hit €156.9m in the first half (down 43%) as it sold 825 cars globally (Lamborghini)• British motorists could have to pay £250 in tax to park at work from 2012.
Porsche Macan gets four-cylinder powerplant
Wed, 23 Apr 2014The new entry level Porsche Macan, shown alongside the new Boxster and Cayman GTS at the Beijing motor show, has become the first Porsche model since the 968 to use four-cylinder power. Parent company Volkswagen's EA888 engine -- as used by a wide range of models from Volkswagen, Audi, Skoda and Seat -- will motivate the new Porsche SUV. The turbocharged 2.0-liter inline four-cylinder direct-injection unit, boasting the same state of tune found on the Golf GTi Performance Package, develops 234 hp and 258 lb-ft of torque between 1,500 and 4,500 rpm.
Nissan lowers vehicle prices to boost Internet shopping
Thu, 02 May 2013Jockeying for better position in Internet shopping sites, Nissan will cut the manufacturer's suggested retail prices on seven key models, effective Friday. The price cuts range from a $580 reduction on the brand's volume leader, the Altima, which was redesigned for 2013 and was the best-selling car in the nation in March, to $4,400 off of the Armada full-sized SUV. The price adjustments affect vehicles that represent two-thirds of the brand's U.S.