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Missing oil changes is false economy
Fri, 06 Dec 2013TRYING TO SAVE money on motoring costs by not changing a car’s oil is risking a false economy as it could lead to more wear and fuel consumption, according to Two-thirds (65%) of British drivers admitted they have not changed the oil in their car in the last 12 months, with the same number admitting they buy oil for their car based solely on price. The same study by Mobil 1 also showed only 45% of drivers knew when their car’s scheduled service intervals were, while 15% said they would cut back on servicing to save money. Dan McGoldrick, of Mobil 1, said: ‘Choosing the right oil for your car is vital as it means both the lubricant and the engine will last longer, so you’re saving in the long term.’ Tim Shallcross, Head of Technical Policy at the Institute of Advanced Motorists, added: ‘Apart from lubricating the engine, oil has the important job of absorbing harmful by-products given off by the burning fuel.
Moody's boosts Ford's credit rating
Wed, 23 May 2012Moody's Investors Service upgraded Ford Motor Co.'s debt to investment grade, culminating the automaker's six-year struggle to win back the Blue Oval and other assets mortgaged in 2006. Moody's is the second agency to upgrade Ford's debt from junk status, paving the way for the company to recover assets it mortgaged in 2006 to stave off bankruptcy. The company raised $23.5 billion in a move that allowed it to avoid government bailouts or bankruptcy when the industry collapsed in 2008.
Hyundai ix20
Thu, 16 Sep 2010Hyundai has revealed the first images of its new ix20, a new B-segment MPV that will join the Korean automaker's product range in Europe later this year. Following on from the ix35, the ix20 is the second European car to adopt Hyundai's new 'fluidic sculpture' design language. The new car, which will make its official debut at the Paris motor show, has been designed and developed at Hyundai's European R&D center in Rüsselsheim, Germany, under the direction of Thomas Buerkle. The car's name is said to reflect the new model's crossover-like versatility, which combines functionality with sportier driving dynamics. Hyundai claims the ix20 aims to steer away from the boxy minivan image typically associated with the segment and appeal to buyers with young families.