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Porsche, Volkswagen work out more sale details, may use Auto Union name
Thu, 13 Aug 2009Porsche and Volkswagen have broadly agreed on sale terms, and the name Auto Union may be resurrected, Reuters reports. The new entity could be led by Volkswagen CEO Martin Winterkorn, and Porsche would retain some independence--similar to Audi's setup within the Volkswagen Group. Porsche would be the 10th brand in the company.
Chevrolet to market diesel-powered Cruze in U.S., report says
Tue, 12 Jul 2011General Motors has decided to sell a diesel version of the Chevrolet Cruze compact in the United States, the Associated Press reported today, citing two people familiar with the plans. Sources told the AP the car would get about 50 miles per gallon on the highway and help GM address stricter government fuel economy standards. The diesel-powered Cruze is at least two years from U.S.
UK Car Sales down 272,000 in 2008
Wed, 07 Jan 2009Well, we knew the car industry was in trouble, and that in the last quarter of 2008 car sales fell off a cliff. But it has now been confirmed that overall sales for the UK in 2008 fell by 272,212 units, or 11.3%. December figures alone showed a drop of 21.2% year on year.