Last year saw Tesla bagging all the profits and this has led many investors to park their money on the automotive firm. Well, things are not looking to good now as Tesla’s stocks have fallen sharply. It was only last November when Tesla stocks were valued at $260 a share and January saw the value … Read more
While there will potentially be no layoffs of workers at Proton after the takeover by DRB-Hicom, heads will no doubt roll in upper management and at board meetings. Earlier today, the Business Times reported on DRB-Hicom’s plans for both the Malaysian auto brand and its British subsidiary, Lotus. DRB-Hicom to reduce Proton costs and “cancerous” … Read more
The battle to secure the remaining seat at Williams F1 has ended. In an announcement late yesterday, Bruno Senna will team up with Pastor Maldonado for the 2012 season. Bruno Senna secures second F1 race seat for Williams The mini battle for the remaining race seat at Williams F1 has concluded. The Grove based team … Read more
When we were young our eyes would light up whenever a Ferrari, Lamborghini, Viper or Camaro would zoom by. So much so that even before we understood the concept of driving a high-performance supercar through urban traffic did we already aim to acquire one. A General Motors research study finds young generation no longer impressed … Read more
With the 2012 Detroit International Auto Show in full swing, the event went ahead and announced winners of both the \2012 North American Car of the Year and 2012 North American Truck of the Year. And unlike previous years, both titles were grabbed by first-timers Hyundai and Range Rover. Brief: The 2012 North American Car … Read more
Bentley’s chaiman and CEO Wolfgang Duerheimer had some interesting details to share with reporters earlier this week at the 2012 North American International Auto show in Detroit: “In China, we were the first time ever in a situation that we could sell more than a thousand cars… We ended it up last year at 1,839 … Read more
Nissan Motor Co. and Daimler AG have officially confirmed plans to produce 4-cylinder Mercedes Benz diesel engine at Nissan’s Tennessee plant starting in 2014. Brief: In a joint partnership between Nissan and Daimler, the Japanese brand will build 4-cylinder Mercedes Benz diesel engines at its US plant. These engines will also be utilized by unnamed … Read more
While the Tata Nano has received much acclaim for being the cheapest car in the world despite not being made available in any other markets except for India to date, it is still a title that many automakers wish to beat. Brief: Bajaj is expected to unveil the RE60 at the 2012 New Delhi Auto … Read more
Claims against Porsche and Volkswagen which were filed in a German court late last year have reached a staggering 1.8 billion euros ($2.3 billion). The massive claims pileup were filed against the two automakers for allegedly holding back crucial information from shareholders. Brief: Porsche and VW compensation claims reach 1.8 billion euros in German court … Read more
General Motors executives had announced late yesterday that they have developed a fix to a design flaw which caused several Chevrolet Volt battery packs to catch fire sometime after government safety tests. Brief: GM announces fix for Chevrolet Volt battery packs which will provide extra safety from catching fire in the event of a collision. … Read more
