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Auto sales top 14.4 million in 2012
Thu, 03 Jan 2013U.S. light-vehicle sales--led by Volkswagen, BMW and Honda--jumped 9 percent in December, pushing the seasonally adjusted sales rate above 15.3 million for the second consecutive month and helping the industry finish 2012 on a high note. Automakers sold 14.49 million light vehicles in the U.S.
Ssangyong XIV-1 concept
Mon, 05 Sep 2011Ssangyong is the latest car manufacturer to confirm they will be showcasing a new concept car at the 2011 Frankfurt motor show, the XIV-1. The XIV-1 B-segment concept, previously known as the XUV-1, is a crossover concept that underlines the importance of the car's interaction with its driver and passengers, with the vehicle's name coming from the phrase 'eXciting user Interface Vehicle'. Ssangyong will also be premiering the SUT-1 sports utility vehicle, first shown in concept form at the 2011 Geneva motor show and debuting the petrol-powered Korando crossover.
De Tomaso fails to sell
Sat, 25 Jul 2009The De Tomaso brand failed to attract a bid in auction this week But it appears that the liquidators for the De Tomaso assetts have already disposed of the factory and land, and this week the brand and trademarks were on the auction block, with a starting price of €1.6 million. But there were no takers. Not one.