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Kia to launch a new range-topping V8 saloon dubbed K9
Tue, 22 Mar 2011Kia will build their rumoured rear-wheel drive V8 saloon - but it won't come to the UK, sources in Korea have confirmed to CAR.Following the domestic badge hierarchy, this new range-topper would logically be called the K9. Perhaps that dog-inspired badge may explain why the car won’t come to Europe, but US sales are expected. Kia’s new range-topper: the ‘K9’ The new large Kia saloon was scheduled to be shown in 2011, but it has now been pushed back to a 2012 launch. The new saloon would sit above the front-drive 3.5-litre V6 K7/Cadenza saloon in the Kia line-up. CAR understands the new exec will be ready by May 2012. The K9 represents the first application of sister brand Hyundai's rear-drive technology from the Genesis and Equus. Expect Hyundai's 'Tau' V8 engine under the bonnet, along with the upcoming eight-speed automatic transmission which arrived in the Genesis R-Spec saloon at the 2011 Chicago auto show.
Mitsubishi XR-PHEV, Concept GC-PHEV and Concept AR revealed for Tokyo
Fri, 01 Nov 2013Mitsubishi XR-PHEV, Concept GC-PHEV and Concept AR revealed for Tokyo With the Tokyo Motor Show arriving at the end of the month, Japanese car makers are revealing the concepts they hope will steal the limelight at their home show, and today it’s the turn of Mitsubishi to reveal the three new concept cars heading for the show. The three Mistubishi concepts were teased in a moody, shadowy photo in October, but we now get details of the XR-PHEV, Concept GC-PHEV and Concept AR. The Concept GC-PHEV is Mitsubishi’s vision of a next-generation full-size SUV and comes with 4WD and a plug-in hybrid powertrain consisting of a 3.0 litre V6 supercharged engine mated to an eight-speed auto box with a high-output electric motor and high-capacity battery.
Chrysler posts $370 million net loss on costs tied to repaid loans
Tue, 26 Jul 2011Chrysler Group LLC, after recording its first post-bankruptcy profit three months ago, posted a net loss of $370 million in the second quarter due to costs tied to the repayment of government bailout loans. Chrysler incurred a charge of $551 million in paying back the U.S. Department of Treasury and the Canadian loans that kept the automaker afloat in 2009.