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VW debuts Twin Up! Concept at Tokyo Motor Show
Tue, 19 Nov 2013Volkswagen introduced the newest member of the XL1 family at the Tokyo Motor Show, the Twin Up! Essentially the plug-in hybrid version of the Up!, this four-seater concept car shares some of its drive system with the Volkswagen XL1 including its dual-clutch automatic transmission, diesel engine and electric motor. The Twin Up!
Spyker signs deal with China's Hawtai Motor to raise funds for Saab
Tue, 03 May 2011Saab owner Spyker Cars on Tuesday said it has signed an agreement with China's Hawtai Motor Group to form joint ventures for manufacturing, technology and distribution. The agreement will also provide $222 million (150 million euros) funding for Saab, which has been forced to halt production because it cannot pay suppliers' bills. Victor Muller, Spyker CEO and Saab chairman, said the partnership will allow Saab to enter the Chinese car market with a strong Chinese manufacturer.
Nissan to build $2 billion plant in Mexico
Wed, 25 Jan 2012Nissan Motor Co. will build a $2 billion auto assembly plant in Mexico, its third in that country, as it works to outgun rival Honda Motor Co. The plant, in Aguascalientes, Mexico, will have initial capacity to build 175,000 light vehicles annually for the United States, Mexico and Latin America, with plans to expand.