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Hyundai to guarantee trade-in values
Wed, 20 Apr 2011Starting May 1, Hyundai Motor Co. will guarantee the future trade-in value of its new vehicles. When a consumer buys a new vehicle from a Hyundai dealership, the company will guarantee what the trade-in value of that vehicle will be after the second full year of ownership through the fourth year.
Volvo Group plans wirelessly charged bus line
Tue, 20 May 2014There's one bit of futuristic transportation technology that seems to get trotted out almost as often as autonomous cars, electric cars and flying cars: Inductive, or wireless, charging for city buses. It's not as sexy or as memorable as the perpetually out-of-reach commuter-grade Harrier jet, but it uses proven technology (GM's EV-1 uses inductive charging, as do electric toothbrushes) to save or eliminate fuel and to reduce emissions. And unlike the flying car, induction-charged buses are hardly fantasy: They've been used in European cities for over a decade, South Korea started testing a fleet last year and Utah got in on the act recently.
Gumpert Insolvent
Fri, 31 Aug 2012German supercar maker Gumpert has filed for insolvency after a foray in to China failed to realise the expected sales. We’re beginning to wonder if the only garden shed supercar makers actually able to make a go of things are British? Gumpert – German maker of extreme supercars – has instigated insolvency proceedings after its plan to make the newly wealthy Chinese fall in love with its bonkers cars floundered.