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News watch March 2010: today's auto industry news
Tue, 30 Mar 2010Tuesday 30 March 2010• Mercedes has dismissed claims that its Maybach brand is for sale, after reports in the Chinese media claimed Chinese car company BYD was considering a bid for the upmarket offshoot. BYD has also denied the claims (Reuters)• Toyota president Akio Toyoda has promised his company will listen more carefully to customers and react faster in a bid to regain credibility after the Japanese car manufacturer was forced to recall millions of vehilces over safety fears (BBC)• The Obama administration is expected to unveil its finalised fuel economy and tailpipe emissions through to 2016 this week, to coincide with the opening of the 2010 New York auto show (Detroit News) Monday 29 March 2010• Toyota has agreed to licence the hybrid technology in the Prius to Mazda, which will combine the electric system with its next-gen Sky engines. It’s part of Mazda’s plans to increase the average fuel economy of its vehicles by 30% by 2015 (compared to 2008 levels) and it hopes to have its first hybrid vehicle on sale in Japan by 2013 (Mazda)• Ford and Chinese car company Geely have signed a stock purchase agreement that will allow the latter to acquire 100% of Volvo (along with related assets including intellectual property rights).
Record expected for Auto Union sale
Wed, 07 Feb 2007By James Mullan Motor Industry 07 February 2007 09:21 A rare 1939 Auto Union Type D grand prix car is tipped to tear up the record books this month when it goes under the hammer – for an estimated price of up to £7.8 million. Auto Union developed the Type D racing car with a mid-mounted 3.0-litre 12-cylinder engine; in 1939, it was modified with the addition of a twin supercharger, increasing power 420bhp to 460bhp – enough for a top speed of 205mph. This particular car won the French and Yugoslavian Grand Prix in 1939, but at the end of the Second World War it was transported from East Germany to the former Soviet Union by Russian occupation forces as spoils of war.
Hyundai Veloster (2011) first official pictures
Mon, 10 Jan 2011Hyundai today finally unveiled its eagerly awaited Veloster coupe at the 2011 North American International Auto Show, aka the Detroit show. It's a coupe-cum-hatchback, along the lines of the VW Scirocco. We first saw the Veloster as a concept car at the 2007 Seoul motor show.