UK Vehicle Production Output Goes Up in November
14 Dec 2012, 10:07 UTC · By: Andrei Nedelea / The Society of Motor Manufacturers and Traders (SMMT) has announced that the total vehicle production output, in the UK, has gone up by 4.9% in November, while engine production went down by a small...
Nissan to Launch 15 New Green Models by 2017
13 Dec 2012, 15:32 UTC · By: Andrei Nedelea / As Nissan CEO, Carlos Ghosn, said after the company launched the Leaf EV, they will be relying heavily on hybrids and full EVs in their model lineup, in years to come. Now, they have announced that ...
November Car Sales Go Up 11.52% in China
13 Dec 2012, 12:02 UTC · By: Andrei Nedelea / While many parts of the world are still in a state of recession, car sales in China are going well, and have done so for many months. November makes no exception, as an impressive 1.79 million units...
Renault Sells Remaining 6.5% Stake in Volvo Trucks for €1.48-Billion
13 Dec 2012, 10:58 UTC · By: Andrei Nedelea / Renault has just announced that it has sold off its remaining shares in Volvo Trucks, in order to better fund their international and domestic investments, as well as reducing their debt, which stoo...
BMW to Develop Carbon Fiber Tech With Boeing
12 Dec 2012, 14:46 UTC · By: Andrei Nedelea / Materials used in the construction of jet planes are some of the most advanced, strongest and most expensive you could possibly think of. It comes as no surprise, really, that BMW has announced a pa...
Fisker to Resume Production Only After A123 Sale Completes
12 Dec 2012, 14:33 UTC · By: Andrei Nedelea / Green automaker Fisker was forced to stop production of its range-extender hybrid Karma, following the bankruptcy of their sole supplier of battery packs, A123 Systems Inc., and now that the company...
Buell Gets GE Inventory Financing, Not All Hope Is Lost
12 Dec 2012, 14:31 UTC · By: Florin Tibu / After getting cut off by Harley-Davidson and announcing the end of the journey back in 2009, Buell, since then going by the name of Erik Buell Racing LLC (EBR) seems to come back to a better life, a...
Wanxiang Acquisition Makes A123 Lose $116-Million US Grant
12 Dec 2012, 09:55 UTC · By: Andrei Nedelea / The acquisition of bankrupt US battery manufacturer A123 Systems Inc. by Chinese company Wanxiang is not all good news. Apparently, they will be losing a huge amount of money, according to official ...
Geely Gets Permission to Use Volvo Technologies
11 Dec 2012, 16:46 UTC · By: Andrei Nedelea / Volvo is now owned by Chinese automaker Geely, yet the oriental investors have so far not bee allowed to use any Volvo technologies in their cars. Well, that’s all about to change, with the si...
Fisker Looking for Mainstream Automaker to Share Technology With
11 Dec 2012, 09:26 UTC · By: Andrei Nedelea / Fisker is currently not building any cars, due to a shortage of battery packs, caused by the bankruptcy and the sale of their sole supplier, A123 Systems, which was taken over by Wanxiang, from Chin...
Wanxiang’s Winning Bid for A123 Causes Concern for US Congress
10 Dec 2012, 15:24 UTC · By: Andrei Nedelea / It is now official. After months in in which everybody was sure that what was left of bankrupt US battery maker A123 Systems Inc. would go to Johnson Controls, Chinese company Wanxiang has stepped i...
Opel Ampera a Firm Favourite With European Fleets
10 Dec 2012, 13:29 UTC · By: Andrei Nedelea / The Opel Ampera range-extender hybrid is a unique offering on the European market, today, and apparently it’s not only private buyers who are appreciating it, but fleets as well. Opel’s ...
Opel Announces Bochum Plant Will Close in 2016
10 Dec 2012, 12:44 UTC · By: Mihnea Radu / If you’re one of the 3000 or so workers who work for Opel at the Bochum car factory in Germany, this is probably the worse day on record. The European subsidiary of General Motors has made an ...
Tesla Investigated for Using Foreign Instead of US-Made Parts
7 Dec 2012, 15:10 UTC · By: Andrei Nedelea / Just days after announcing that the company had finally stopped losing money, last week, we have now learned that Tesla Motors has the subject of an ongoing investigation by federal authorities, who...
Auction of A123 Systems Begins With Four Contenders
7 Dec 2012, 14:27 UTC · By: Andrei Nedelea / American battery manufacturer A123 Systems, the company which, among other things, makes the battery pack for the Fisker Karma, went bust last month. Now, several companies have offered to step in a...
Investindustrial Now Officially Owns 37.5% of Aston Martin
7 Dec 2012, 12:28 UTC · By: Andrei Nedelea / It is now official. Aston Martin has sold a 37.5% stake of the company to the Italian private equity firm Investindustrial, for £150- (€185- / $240-) million. The Italians beat the Indian...
Indian TVS Motors Wants BMW Engines
7 Dec 2012, 11:20 UTC · By: Florin Tibu / After BMW started selling bikes in India back in 2010, it looks like the local motorcycle manufacturers have become more interested in German technology. Or at least TVS Motors did so, since one of ...
Former Ducati Owners May Buy Aston Martin After All
7 Dec 2012, 09:52 UTC · By: Andrei Nedelea / Despite having reported that Mahindra & Mahindra, as well as Geely were interested in buying Aston Martin, it seems that the third company, the one we had heard less about is actually closest to...
Caterham Plans Massive Expansion by 2020
7 Dec 2012, 08:24 UTC · By: Andrei Nedelea / Caterham is a small automaker, specializing in racing technology, and the incremental improvement of their Seven. However, that is all about to change, according to autocar.co.uk, as the UK-based br...
Tesla Motors Reports Positive Cash Flow for Last Week
6 Dec 2012, 16:56 UTC · By: Andrei Nedelea / Having faced numerous setbacks in the last few months, Tesla has had to reduce the expected production output of the Model S, for the rest of the year, and increase the price of each car by $2,500, ...