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Crunch watch Feb 09: the auto industry in crisis
Mon, 02 Mar 2009By Tim Pollard, Ben Pulman and Ben Whitworth Motor Industry 02 March 2009 18:11 Monday 2 March• The Volkswagen Group announces a 5% rise in sales revenues in the 2008 tax year and a 3% increase in operating profits, up to €6.3 billion. Chairman Martin Winterkorn said the group's multi-brand strategy and low CO2 cars had helped sustain sales, although he admitted that 2009 would see a fall in demand and revenues (Volkswagen) Friday 27 February• Jaguar Land Rover announces a significant order for 13,000 cars from a Chinese business. It's a morale boost for JLR which has been hit by a slump in demand with the global slowdown (BBC News)• Opel this afternoon agreed to a restructuring plan designed to save as many jobs and factories as possible – but it needs a €3.3 billion lifeline from the state.
BMW vs Winter: all you need to know about BMW xDrive
Tue, 21 Jan 2014By the CAR editorial team 21 January 2014 15:00 According to BMW, its ‘xDrive’ all-wheel drive system is more popular than any other premium brand’s four-wheel drive drivetrain. That’s right: in the UK, xDrive outsells Audi’s famous quattro system, not to mention Mercedes ever-expanding 4Matic range, and all-wheel drive version of Jaguar’s XF and XJ. If you had to name an all-wheel drive BMW off the top of your head, you’d probably plump for the X5, but the truth is that xDrive has infiltrated the majority of BMW models.
Tesla repays government loans – a first, say Tesla. Chrysler disagree.
Thu, 23 May 20132013 is turning in to a very good year for Tesla. The Tesla Model S has had more praise heaped on it than almost any car ever has, they are making an operating profit and their shares are going through the roof. So with the stars aligning for Tesla they’ve taken the opportunity to pay back $465 million of US Department of Energy loans, nine years early.