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VW halts merger talk with Porsche
Mon, 18 May 2009Volkswagen on Sunday slammed the brakes on merger talks with Porsche, just before the first meeting to discuss ways to bring all of the automakers' brands together under one entity. VW said that it made the move because it believes that Porsche doesn't have a solid plan for the merger. VW and Porsche announced the plan to hold merger talks on May 6.
Ford, Hyundai, Toyota lead industry to 15 percent gain
Tue, 05 Jan 2010Ford, Toyota, Subaru and Hyundai Group spurred a year-end U.S. sales rally that took some sting out of a painful year. Overall, December sales of 1,030,096 light vehicles rose 15 percent from December 2008, when the credit crisis and a deepening recession dragged industry demand to 27-year lows.
BMW Megacity Vehicle (MCV)
Thu, 05 Aug 2010BMW's Project i – an internal codename for a possible sub-brand dedicated to green urban driving – has been in the works for some time. The Vision EfficientDynamics concept, unveiled at the 2009 Frankfurt Show, showcased some of the lightweight technological advances and design thinking behind the forthcoming zero-emission cars. Recently the firm held a Project i event, where it released teaser sketches of the first vehicle to result from the project, the Megacity Vehicle (MCV) – a four-seater electric car with a rear-mounted engine and rear wheel drive.