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GM board will again delay decision on Opel's future, report says
Tue, 08 Sep 2009General Motors Co.'s board will again postpone a decision on Opel's future at a two-day meeting starting today despite pressure from Germany to accept an offer for the European unit from Magna International Inc, a newspaper reported today. GM's board will delay a decision until October at the earliest, the German business daily Handelsblatt said, citing company sources. The paper said the board favors keeping Opel or, as a second choice, selling a majority stake to Belgian investment group RHJ International, which is offering 300 million euros ($433 million) in cash for a 50.1 percent stake in Opel.
Venchurs Vehicles takes CNG pickup to Moab
Wed, 04 Apr 2012Venchurs Vehicle Systems took its new bifuel Ford F-250 Park Ranger pickup to the rocks of Moab, Utah, for the Easter Jeep Safari. The truck won't climb the most difficult trails, but it did do everything a park ranger's truck might need to. “It's the only CNG in Moab,” said Pat Muldoon, vice president of product development engineering for Venchurs, though he couldn't possibly know that.
Porsche Macan will sell 75,000 a year
Tue, 11 Sep 2012The Porsche Macan – Porsche’s more compact SUV, based on the Audi Q5 – looks set to sell at a rate of 75,000 cars a year. The new Porsche Macan - the Porsche Cajun as was - already looked set to take Porsche sales to another level with projected sales of 45,000 a year from 2013, but it looks like that ambitious target is going to be exceeded. German weekly WirtschaftsWoche is reporting that Porsche’s procurement boss, Uwe-Karsten Staedter, has put Porsche suppliers on notice that they are expecting to sell 75,000 Macans a year by the end of 2013 – an increase of 2/3rds on the original sales predictions.