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Hyundai developing new test centre at Nurburgring
Tue, 15 Jan 2013Hyundai has revealed they are building a new test centre at the Nurburgring to help develop driving dynamics for their European cars. We already know that Hyundai are going to make 2012 a brand building exercise, with much effort going in to raising the experience and profile of the Hyundai of today. Part of that is entering WRC rallying with the i20 for the sprinkle of performance dust it will cover Hyundai’s product range with and, hopefully, point towards a serious intent to develop more extreme versions of their performance models.
News watch December 2010: today's auto industry news
Sun, 31 Oct 2010Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourFriday 31 December 2010• A judge in Manhattan has dismissed two lawsuits from hedge funds claiming for $2bn losses when it bought VW shares in 2008. Elliott Associates LP, Black Diamond Offshore and 39 other funds filed a complaint, claiming Porsche misled short-sellers who hadn't realised that Porsche had cornered the market in VW shares (Automotive News)Thursday 30 December 2010• Volvo plans to hire an extra 200 staff as it claims demand for its cars is rising.
Akio Toyoda to testify before U.S. House panel
Fri, 19 Feb 2010Toyota Motor Corp. President Akio Toyoda accepted an invitation to testify next week before a congressional committee that is investigating the automaker's safety problems. “I have received Congressman Towns' invitation to testify before the House Committee on Oversight and Government Reform on February 24 and I accept," Toyoda said in an e-mailed statement Thursday.