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Mercedes-Benz has big plans for small cars
Mon, 31 Jan 2011Breaking outside its American position of rear-wheel-drive luxury vehicles, Mercedes-Benz will launch its new front-wheel-drive architecture in the United States in the next three years in the form of a coupe, SUV and possibly a small wagon or compact hatchback. Joachim Schmidt, Mercedes' global sales and marketing boss, said Mercedes is developing at least four models based on its MFA, or Mercedes Front-wheel-drive Architecture. "We will introduce the next generation of our MFA family to the U.S.," Schmidt said in an interview.
Chrysler says it needs another $2 billion in aid
Tue, 17 Feb 2009In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.
Lotus Elise 2010 Facelift
Tue, 16 Feb 2010The facelifted Lotus Elise will be at the Geneva Motor Show They don’t like to rush things too much at Hethel. Maybe it’s the pace of life in rural Norfolk or maybe they think that if “it ain’t broke why fix it?”. But the Lotus Elise has been round a very long time.