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Detroit, Michigan, United States
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BMW pushes back the U.S. debut of the X1 until the end of 2012
Mon, 02 May 2011BMW will not offer its compact X1 crossover in the United States until the end of 2012 because of strong demand for the redesigned version of the larger X3. Also, the X1 is selling well outside the United States so supplies are tight, said Jim O'Donnell, CEO of BMW of North America. The X1 was launched in Europe in November 2009.
UK Car Scrappage scheme gets green light?
Tue, 14 Apr 2009Mandy said NO to scrappage, but it looks like Alistair Darling will introduce a scheme in the next budget [ad#ad-1] After much to-ing and fro-ing, it has been claimed by most of the UK national press over the weekend that a UK version of the Car Scrappage Scheme will be introduced in the budget by Alistair Darling. The scheme aims to offer new car buyers a guaranteed trade-in against a new, cleaner car of £2,000. But it is being suggested that the Government will insist that car manufacturers chip in half this money, with the tax payer paying the other half.
Ford and Geely agree on Volvo sale, could finalize deal in early 2010
Wed, 23 Dec 2009Ford expects to sign a deal to sell its Volvo car unit to China's Zhejiang Geely Holding Group by the first quarter of 2010 and close the deal in the second quarter, the U.S. automaker announced today. Ford said that all of the deal's key commercial terms have been settled.