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Toyota condemns the Electric Car
Tue, 06 Oct 2009Electric cars - like the Reva NXG - are not a viable mass-market option. Toyota’s head of R&D in Europe – Masato Katsumata – said in a speech that the electric vehicle won’t be a mass-market phenomenon, and that the future – at least in the coming decades – will be petrol engine hybrids. “We don’t see any short-term breakthrough in battery technology” he said.
Ford slows rate of cash burn in posting $1.4 billion net loss
Fri, 24 Apr 2009Ford Motor Co., the only U.S. automaker operating without federal bailout loans, burned through $3.7 billion in cash during the first quarter in posting its fourth straight quarterly loss. Ford slowed the burn rate from the fourth quarter of 2008, when cash declined by $5.5 billion.
New Maserati Quattroporte to get Supercharged Ferrari V6
Sun, 10 Jun 2012It’s reported that the next generation Maserati Quattroporte will be offered with a Ferrari-built V8 turbo and Supercharged V6. The next generation Maserati Quattroporte has been a long time coming, and much of that is tied up with Fiat’s takeover of Chrysler. Normally, we could have expected a new Quattroporte to arrive by now, but with everything in the mix after Chrysler and Fiat became one, the exact future of the Quattroporte was in flux.