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Aston Martin ditches Cygnet city car
Tue, 01 Oct 2013CITY SLICKERS will no longer be able to cut a dash in a diminutive Aston Martin, following the company's decision to axe the controversial Cygnet from its range. The tiny Cygnet, which takes its name from a young swan, was an adaptation of the Toyota iQ, refitted with the finest luxury materials and priced at over £30,000. Its low CO2 output is rumoured to have been the main reason for the model’s presence in the range, since Aston Martin could in that way lower the company’s average CO2 output across the range in line with European emissions rules.
Carlos Ghosn's automaker mantra: Go big or you'll go away
Tue, 25 May 2010Size matters in auto company survival, Renault and Nissan CEO Carlos Ghosn told an audience in Detroit on Tuesday. To cope with the escalating costs and scope of a global industry, successful automakers must complete a trifecta--be able to compete in every technology, every market and every segment, Ghosn said during a luncheon speech at the Detroit Economic Club “No 3 million-unit carmaker can make it,” Ghosn said, explaining why his Renault-Nissan alliance forged an alliance with Germany's Daimler AG. Competency in one or two of the three skills is not enough, and only very large companies can afford all three, he said.
Honda SUVs recalled for fuel-tank fix
Thu, 23 Feb 2012Honda Motor Co. is recalling about 8,700 copies of the 2012 Honda Pilot and Acura MDX SUVs to fix a problem in the fuel tank. The flaw is with the vent-shut-float valve case in the fuel-tank assembly.