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Honda rolls out the CR-V concept as production launch nears
Thu, 22 Sep 2011Honda on Thursday rolled out the CR-V concept, which previews the redesign for the small crossover. Honda plans to unveil the redesigned 2012 CR-V at the Los Angeles auto show in November and says the car will go on sale by the end of this year. Honda says the new CR-V will weigh less than the current model and get a more fuel-efficient engine.
Land Rover Defender to be built in Sri Lanka
Tue, 09 Apr 2013The Land Rover Defender is to be built outside the UK in a new plant in Sri Lanka to produce Defenders for the region. Land Rover are assisting and training staff at a new assembly plant in Hambantota, Sri Lanka, run by Sathosa Motors PLC in a 50-50 deal with Land Rover distributors SML Frontier Automotive, with $1 million being invested to get the project up and running this year. It seems clear from the level of investment that this is simply an assembly operation using CKD kits from the UK for the Defender, but Sri Lank’s Daily News is reporting that there are plans to invest $500 million in the project.
Ferrari posts record sales despite economic uncertainty
Thu, 13 Sep 2012Global economic waters are far from calm, but Ferrari has managed to steer clear of the turmoil. The Italian automaker has released sales figures for the first six months of 2012, and they’re impressive by any measure. Revenues for the first half of the year are up nearly 12 percent, and net profits have risen 10 percent to over $130 million.