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Volkswagen takes stake in Suzuki
Wed, 09 Dec 2009VW takes a 19.9% stake in Suzuki We’re back on the co-operation and rationalisation path again, this time with Volkswagen and Suzuki, with the announcement that VW is to take a 19.9% stake in Suzuki, with Suzuki in turn re-investing up to half of the proceeds in to Volkswagen shares. This deal has been on the cards for some time but has obviously been pushed in to reality by the changing landscape for car manufacturers, where they seek to find a more secure future with takeovers, mergers and partnerships. Which is all very logical, even if it will inevitably lead to less choice for the car buyer in the long term.
Michelin Challenge Design announces 2007 jury
Mon, 31 Jul 2006The safety focus of this year's challenge requires designers to consider the vehicle's occupants as well as those who share the road traveling in other vehicles or as pedestrians. Entries will be evaluated for their accident-avoidance, occupant-protection and pedestrian-safety characteristics. Judges are also looking at the commercial viability and overall visual appeal of the work.
Amped Up! GM to hire 1,000 engineers and researchers for electric cars
Tue, 30 Nov 2010General Motors will hire 1,000 engineers and researchers in Michigan for research and development of electric vehicles, CEO Dan Akerson said on Tuesday morning in Detroit. The new hires will work on batteries, electric motors and power-control technology. Akerson made the announcement at the factory that builds the 2011 Chevrolet Volt.