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Dodge Hornet is go
Wed, 04 Jul 2007By Tim Pollard Motor Industry 04 July 2007 12:30 The newly independent Chrysler Group has saved its deal with Chinese maker Chery - which means that the Dodge Hornet is a step closer to production. Dodge needs a partner with which to develop new smaller cars, like the Hornet, as it's too cash-strapped to fund them solo. The deal signed last night means that the two car makers will 'work together to develop, manufacture and distribute Chery-made small and sub-compact cars in North America, Europe and other major automotive markets under the Chrsyler Group brands.' No mention was made of the Hornet, but Chyrsler’s international director for sales and marketing, has previously told CAR Online that the firm would produce the butch supermini.
Avis buys Zipcar and grows car-sharing capabilities internationally
Wed, 02 Jan 2013Zipcar, a car-sharing company that specializes in renting cars by the hour or day, announced Wednesday it will be acquired by Avis Budget for $491 million, or $12.25 a share. The action will help Avis compete against Hertz Global Holdings, which became the world's second largest car-rental company in 2012 following its purchase of Dollar Thrifty car-rental company for $2.6 billion, according to a Bloomberg report. “By combining with Zipcar, we will significantly increase our growth potential -- both in the U.S.
Photo of the week (2009): Porsche Panamera in a lift
Tue, 21 Apr 2009By Ben Pulman First Official Pictures 21 April 2009 14:22 CAR’s editor Phil McNamara is in China this week, reporting on everything weird and wonderful at the Shanghai motor show. But when he called to say he was pouring over Porsche’s Panamera 425 metres up in the air, we started to think that maybe the jetlag was getting to him. Apparently not – on the evening before the opening of the Shanghai show, a select group of the world’s automotive media was invited to a preview of the Panamera on the 94th floor of the Shanghai World Financial Centre.