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Albany, Georgia, United States
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News watch October 2012: today's industry news
Wed, 31 Oct 2012Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hou Wednesday 31 October 2012• It's emerged GM's European 2012 earnings are down nearly half a billion dollars in Europe, where it now expects to lose $1.5bn to $1.8bn before interest and taxes for the full year (DetNews)• Ford has posted a third-quarter net profit of $1.63bn (£101bn) - almost matching its eventual profit total for the entire year 2011. Despite painful losses in Europe (Ford expects to lose $1bn in Europe alone this year) a resurgent North American market has buoyed Fords sales even higher than previous forecasts (Automotive News Europe)• Fiat CEO Sergio Marchionne has weighed in against Republican presedential nominee Mitt Romney, who argued that a move towards Chinese production would harm American jobs.
Tesla Motors open-sources patents
Fri, 13 Jun 2014Since Elon Musk founded Tesla Motors a decade ago, his electric car venture has been a thorn in the traditional auto manufacturers' side. Now, Musk has made another disruptive move by announcing he is scrapping the firm's patents. In a blog post on the Tesla website, he wrote "[the patents] have been removed, in the spirit of the open source movement, for the advancement of electric vehicle technology.
Lamborghini Gallardo LP550-2 leaked
Mon, 29 Jun 2009Lamborghini Gallardo LP550-2 If you know anything at all about Lamborghini’s, it won’t take too long to work out that this will be a 550hp V10, but with 2-wheel drive instead of the 4-wheel drive we ‘ve got used to in recent years. So think of this as a hardcore drivers Gallardo – a Superleggera. Dropping the 4WD will shed a chunk of weight, and change the dynamic of the car from the LP560-4.