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Toyota adds i-Road to urban mobility trials
Tue, 01 Oct 2013TOYOTA has added its futuristic i-Road concept to its “Ha:mo” urban transport trials. It is the latest vehicle to be added to the rapidly expanding scheme, which is being held at the so-called Toyota City; Toyota’s huge presence in Japan’s Aichi Prefecture. The Ha:mo (Harmonious Mobility network) trials are an attempt to develop a sophisticated, integrated transport system for cities, making use of electric vehicles wherever possible but with the key emphasis on encouraging travellers to use the ‘most appropriate’ means of transport at all times.
Pininfarina family to lose control of company
Wed, 15 Feb 2012The Pininfarina family is set to lose its controlling share stake in the company as it takes a step closer to restructuring its €76 million net debt. The Italian design firm, founded in 1930, has been plagued with debt in recent years, shutting its manufacturing branch in 2011 to concentrate purely on design, ending a joint venture with Volvo that saw the company assemble Volvo's C70. The move is seen as a positive one for the company in the long-term, making it more financially secure for future developments, but it also means that the Pininfarina family will lose control of the company by selling its 77 percent share.
Fisker goes to China's Wanxiang
Mon, 17 Feb 2014China's Wanxiang Group won an auction for Fisker Automotive Holdings Inc., the maker of luxury plug-in hybrid cars, with a $149.2 million bid, almost six times what Fisker was seeking when it filed for bankruptcy. Wanxiang topped Hybrid Tech Holdings during the auction, which began on Wednesday and went through 19 rounds of bidding, with an offer that includes $126.2 million in cash and $8 million in assumed liabilities, Fisker said Friday in a statement. U.S.