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Scion will add fourth vehicle
Mon, 02 Feb 2009Scion plans to expand its model line from three vehicles to four. Also, Scion Vice President Jack Hollis said: "Within the next two years, we will have a replacement tC" coupe. The tC coupe will be nearly 7 years old when the redesign arrives, but such a long life cycle will not be the norm for Scion in the next decade.
Lamborghini reports drop in profits
Wed, 10 Mar 2010Lamborghini has announced a pre-tax loss of £32m for 2009 as the world recession led to a slump in supercar sales. Lambo delivered 1515 supercars last year, down 38% from 2008's 2430. Turnover dropped 41% to £215m. It's a far cry from the dizzy heights of the boom years.
Chrysler investigated after collapse of Getrag deal
Thu, 26 Mar 2009The state of Indiana is investigating Chrysler LLC for securities fraud over the collapse of a joint venture with Getrag Transmission LLC. Jim Gavin, a spokesman for Secretary of State Todd Rokita, today confirmed a Kokomo Tribune report that said the investigation began two weeks ago. "There have been no complaints or allegations made," the paper quoted Rokita saying in a speech Tuesday.