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Cash for clunkers plan revives trade fight
Thu, 05 Feb 2009Import brand automakers and dealers warned on Thursday that a vehicle scrappage proposal before the Senate would violate trade agreements and could weaken the economy. The Senate could vote on the plan on Thursday, which would offer $10,000 to any moderate- or low-income consumer who trades in a car or truck that is at least 10 years old and buys a new one that is more fuel-efficient and "assembled in the United States." The trade-ins would be scrapped rather than resold. The U.S.-made mandate "smacks of the protectionism that led to the Great Depression," said Barbara Nocera, the top Washington lobbyist for Mazda North American Operations.
Fiat wants a crossover to compete against the Volkswagen Golf
Mon, 18 Apr 2011Fiat has decided it won't launch a new conventional hatchback to rival the Volkswagen Golf, Europe's best-selling car. Instead, Fiat CEO Sergio Marchionne wants the Italian automaker to replace its slow-selling Bravo compact hatchback with an all-new high-roof crossover inspired by the hot-selling Nissan Qashqai. Marchionne first hinted at Fiat's plan to make the bold product move at the Detroit auto show in January.
Porsche Museum ready to open
Tue, 20 Jan 2009Porsche's new museum opens 31/01/2009 [ad#ad-1] Porsche’s new state-of-the-art museum, located next to Porsche HQ in Zuffenhausen, Stuttgart, and estimated to have cost €100 million to build, is now finished and ready to start taking visitors from 31/01/2009. The Porsche museum is a stunning building, holding an equally stunning collection of cars, marking Porsche’s long history. But these are not dusty museum pieces.