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News watch June 2010: today's auto industry news
Wed, 30 Jun 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-hour Wednesday 30 June 2010• Tesla shares have rocketed 40% on their first day of trading; the company went public this week with the first IPO of an American car company since Ford in the 1950s (BBC News)• GM may sell off its interests in finance arm GMAC and parts supplier Delphi as it seeks to write down its debts (Financial Times)• A Federal judge has approved the $20m sale of a former GM plant in Wilmington to Fisker Automotive; Fisker hopes to build 100,000 cars a year once production hits a peak after launch in 2012. It is using a $529m government loan to fund its launch (Detroit News)Tuesday 29 June 2010• UK business secretary Vince Cable has warned that the car industry is no longer in an emergency – and cannot expect direct government support.
Ram introduces CNG-powered pickup
Tue, 06 Mar 2012Aside from the Honda Civic Natural Gas, compressed-natural-gas-powered vehicles have usually been converted after the fact, generally for fleet use. Chrysler is hoping to carve out a niche in the corporate-pickup segment by selling a factory-built CNG Ram 2500 that can seamlessly switch over to gasoline operation when the natural-gas tanks run dry. The twin 4.6-cubic-foot CNG tanks (which store the equivalent of 18.2 gallons of gas) take up a section of the bed, while an eight-gallon gasoline tank provides fuel during start-up and then reserve capacity when the compressed tanks are tapped out, allowing the bruiser a measure of operational flexibility.
Lamborghini Urus SUV to cost £135,000
Sat, 14 Jul 2012It’s being claimed by Georg Kacher that the Lamborghini SUV – the Lamborghini Urus – will cost £135,000 when it launches in 2016. Even if the VW board are yet to sign off on the Lamborghini Urus SUV, there’s almost zero chance it won’t make it in to production. With the 2013 Range Rover heading even more upmarket, the Bentley SUV heading for market in 2015 and endless super-SUVs from car customisers the super luxury SUV market is not one Lamborghini can afford to miss out on.