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Vw reaching new heights thanks to CFO Poetsch’s attention to details
Friday, 20 Aug, 2010 – 2:04 | Comments Off

Volkswagen AG is getting nearer to its goal of taking over the title of world’s largest carmaker from Toyota Motor Corp.
But while that is going on, VW Chief Financial Officer Hans-Dieter Poetsch wants to make …

New Volvo CEO wants to take on Bmw, report says
Friday, 20 Aug, 2010 – 2:03 | Comments Off

Volvo’s new CEO Stefan Jacoby said that in the future, Volvo will be building emotional cars. He also said that the brand is considering the possibility of cooperating with rivals to gain economies of scale.
A …

Rumor: Kia Rondo might not return for the 2011 model year
Friday, 20 Aug, 2010 – 1:05 | Comments Off

There won’t be a 2011 Kia Rondo. Kia’s US website hinted at this when an inquiry was made about the Rondo. The message goes: “Thank you for inquiring about the Rondo.
As the saying goes, ‘all …

Production version of Porsche 918 Spyder will be more powerful than the concept
Friday, 20 Aug, 2010 – 1:03 | Comments Off

As you may know already, back in July, Porsche announced that it will start the development of the Carrera GT successor, based on the 918 Spyder Concept, unveiled earlier this year at the Geneva Motor …

Kia more than doubled its Russian new-car sales in July
Friday, 20 Aug, 2010 – 1:01 | Comments Off

In July, Kia’s new-car sales in Russia rose by 105% to 10,502 vehicles, making it the top seller among non-Russian automakers for the first time in 2010, according to the Association of European Businesses (AEB).
This …

Lotus might consider sharing the Evora platform
Thursday, 19 Aug, 2010 – 9:02 | Comments Off

Lotus Engineering said today that it has a few enquiries from other car manufacturers who want to use the Lotus Evora platform as the basis for their own models.
And it seems that the Evora platform …

Audi S1 to make its official debut at the 2010 Paris Motor Show
Thursday, 19 Aug, 2010 – 8:09 | Comments Off

Yes, the MINI Cooper S rival will make its debut in France, at the 2010 Paris Motor Show, according to the latest reports.
If you like the Audi A1, you will definitely love the S1 which …

2011 Nissan Sentra priced from $15,520
Thursday, 19 Aug, 2010 – 3:07 | Comments Off

Besides the 2011 Maxima which was priced from $30,810 (Maxima 3.2 S CVT), Nissan also announced today that the pricing for the 2011 Sentra will start at $15,520, for the Sentra 2.0 6MT model.
For the …

Over half a million Mazda3 and Mazda5 vehicles recalled due to power-steering flaws
Thursday, 19 Aug, 2010 – 2:05 | Comments Off

Earlier this week, we told you that Mazda is going to recall over 200,000 Mazda3 and Mazda5 vehicles in United States. And the bad news continues, as the Japanese manufacturer expects to recall more than …

Smart ForTwo GB-10 Edition: official details, photos, specs and price
Thursday, 19 Aug, 2010 – 0:03 | Comments Off

The Smart brand will celebrate a decade of UK sales by launching a new limited edition model, dubbed smart fortwo gb-10, which will be shown at the smart festival on September 4.
The British division of …

2011 Range Rover Sport RS body kit by Project Kahn
Wednesday, 18 Aug, 2010 – 9:08 | Comments Off

Project Kahn released today a new more aggressive designed body kit for the 2011 Range Rover Sport. Apparently, the new kit will be manufactured using carbon composite which weights half of a normal body kits …

Federal judge ordered Visteon to reinstate health benefits to retirees
Wednesday, 18 Aug, 2010 – 3:06 | Comments Off

More than 6,000 retirees from Visteon Corp. will have their health benefits restored after US Bankruptcy Judge Christopher S. Sontchi gave the order to the auto parts maker.
These retirees, many of whom held jobs at …

Rumor: Tata to make Jaguar, Land Rover cars in China
Wednesday, 18 Aug, 2010 – 2:04 | Comments Off

Tata Motors is thinking about entering a joint venture with self-owned brand carmaker Chery Auto for its local production.
Tata Motors is the owner of Jaguar and Land Rover. In an interview with Daily Economic News, …

2010 Ford Taurus posting a resale value increase of 39 percent or $7,100
Wednesday, 18 Aug, 2010 – 1:06 | Comments Off

The 2010 Ford Taurus has only been in service for a year but already it is getting awesome results at auction. When compared to the 2009 model, the 2010 Taurus posted an average 39% ($7,100) …

Rolls-Royce might adopt Bmw’s active hybrid systems
Wednesday, 18 Aug, 2010 – 0:11 | Comments Off

Just like any other car manufacturer, Rolls-Royce is considering too the switch to more fuel-effiecient hybrid cars.
And it appears that the solution has been found, easy and cheap: the British manufacturer is considering using parent …

JPMorgan Chase & Co. and Morgan Stanley to make a combined $120 million on GM’s IPO
Tuesday, 17 Aug, 2010 – 9:02 | Comments Off

Sources revealed that from General Motors Co.’s initial public offering, a combined $120 million will be earned by Wall Street banks led by JPMorgan Chase & Co. and Morgan Stanley.
But these companies could have made …