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Porsche plans a hybrid in every model line
Mon, 18 Oct 2010Porsche is counting on hybrid drive to help reduce its fleet CO2 emissions. “In the future, we will have hybrid drive in every model line," development chief Wolfgang Duerheimer said. Earlier this year, Porsche launched a hybrid version of its Cayenne SUV.
Crunch watch Dec 08: the auto industry in crisis
Wed, 31 Dec 2008By Tim Pollard and Simon Stiel Motor Industry 31 December 2008 14:05 Wednesday 31 December 2008• GMAC, GM's finance arm, said it would immediately revise its criteria for providing loans, after the US government bail-out of the General's credit arm. It will now supply credit for anyone with a score of 621 or more on the Fico scale, the scale used to assess Amercian customers' creditworthiness (Financial Times)• The news means that 80% of US consumers would now qualify for a loan from GMAC – which should improve sales in the depressed US market (Detroit News)• Chrysler is being lambasted for taking out full-page adverts in the American national press thanking the nation for supporting its auto industry. But critics point out this is a fresh waste of bail-out resources, as pages in the Wall Street Journal – one of the titles in which the ad ran – reportedly cost up to $264,000.
BMW X3 reloaded
Fri, 04 Jun 2010BMW has revealed the first official details of its second-generation X3 prior to its world debut at the upcoming Paris motor show. Set to go on sale in the United States in January 2011, BMW says the new X3 will be priced close to the outgoing model. The upmarket off-roader has been completely redesigned and reengineered in a move BMW hopes will see it emulate the first-generation model's success, sales of which have now topped the 600,000 mark worldwide since its introduction in 2003.