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Carmakers brace for stricter CAFE rules in 2016
Thu, 10 Mar 2011Corporate Average Fuel Economy is a dicey subject for carmakers of all sizes. New federal requirements set to take effect for the 2016 model year require a fleet average of 35.5 mpg. As the deadline nears, the question looms: Who is in good shape, and who is far from it?
Quarter of car sellers 'lie'
Mon, 07 Apr 2014MORE THAN a quarter (28%) of people selling a car admit to telling a ‘white lie’ to help the sale go ahead. The statistics are higher among young car sellers aged 18-25-years old, where 33% admit to lying to make sure their cars is sold. A study commissioned by vehicle history service HPI found 11% of sellers admitted to hiding problems with their car, while 9% are prepared to alter the mileage of their car to achieve a better price.
Bugatti won't build new car until Veyron is sold out
Fri, 14 Feb 2014Bugatti executives told Bloomberg on Wednesday that the brand won't move forward with a new automobile until all of the remaining Veyrons have sold out. The French automaker built 300 original Bugatti coupes, followed by 150 various variants. The coupes sold out in 2011, but 40 convertibles are still for sale.