Hyundai Motor Company is reported to have unveiled four new models to be launched in Europe at the 2010 Paris Auto Salon. Among the four models, two are claimed to be world premieres.
In the category of engines equipped in the Blue Drive models, include Hyundai's new downsized 51kW/94Nm 1.0 litre Kappa petrol engine and the 1.7 litre U2 diesel engine. Both the powerful engines boast of its dependence on high-performance engine oil used in a view to lower driveline friction.
A two-year battle is sure to evolve among all the automakers, environmentalists and regulators for, there is a need for as many as 62 mpg for cars and light trucks by the year 2025.
But before this has been finalized in July 2012 some conflict is sure to take place. As much as $3,500 is sure to get added to the cost of the vehicles or, some $50 billion annually to get added to the amount spent by the Americans on buying new cars and vehicles.
The sales of automobiles in the United States of America came out with better results as compared to the previous year. The sale of automobiles for the biggest carmaker in the United States rose by 11% in comparison to the previous year. The unit sales recorded for this year have reached 173,155.But in comparison to the month of August, the sales saw a decrease.
The US firm, Fisker Automotive, is reported to be in plans to build five more models by 2016, its Chief Executive, Henrik Fisker posted. The Company is also in plans to unveil its rechargeable hybrid sports car.
Fisker is tagged among the two top automobile giants showcasing their designs in Paris that are planning a first-mover advantage in premium plug-in cars. This will be possible with the help of the US Government’s money and cheap the manufacturing assets which have been sold, following the crisis engulfing the Detroit car industry.
It was the electric scooters by BMW AG's Mini and Daimler AG's Smart, which happened to steal away the show on Thursday, at the Paris Motor Show.
The displayed were just the design concepts which according to Executives of both the Companies, will only be made after the public reaction has been caught.
Thomas Weber, research and development member of Daimler's management board said," It's a very attractive concept for us. This is a huge market".
A glimpse of its future planning has been given by Jaguar, which has taken a step ahead in the production of electric cars. The Company said that the supercar would be driven at the speed of over 200mph.
The first images of the C-X75 model car have been disclosed by the Daily Telegraph. This would be the fastest electric car, which would be able to give a crazy experience of driving at the top speed of 205mph.
As a part of the development and testing program, the first racetrack appearance of the SLS AMG GT3 will be done at the VLN event.
The race will be of four-hour duration on the famous ‘Nordschleife’ (‘North Loop’) of the Nürburgring racetrack. The main purpose will be to test the gullwing model under practical racing conditions.
The model will be checked for the durability in all parts and service-friendliness. The suspension setup will also be checked during the race on the 20.8-kilometre long racetrack, which is considered to be the most legendary racetrack in the world.
The recent announcement of the 2011 Outlander Sport model by Mitsubishi would be joining the already vast pack of Outlanders by Mitsubishi. The recently announced SUV would be available in two models namely, ES and SE.
There would be two versions of the car that would be sold in the United States, a two-wheel drive and a four-wheel drive. The off-roader would be powered by a 2.0 L engine that would generate power up to 148Bhp @ 6000 RPM. Besides that, the inline-4 engine would be able to reach a torque of 143lb @ 4200RPM.
Today, the German car-maker, Audi announced the release of a spanking new Audi A8. The ever-so nonchalantly beautiful car has been priced at a starting cost of $78,050.
The mileage for Audi A8 has been stated to be 17Mpg on city roads, whereas, the mileage on the highway is around 27 Mpg. The automobile major also announced in a news release that the fuel economy of the car is superior to that of BMW7-Series hybrid.
Parent of South Korea's two biggest carmakers, Hyundai Motor Group is ready to bid a $2.5 billion worth stake in Hyundai Engineering & Construction Co., which is setting up scene of contest between the country's second richest man and widow of his brother.
The group comprises Hyundai Motor Co. and Kia Motors Corp. and are lined up to submit a letter of intent today, as informed in a regulatory filing in Seoul.
A victorious bid would help reunite Hyundai Motor with ex-associate, Hyundai Engineering, which is the country's biggest builder.
On Monday, China's BYD greeted investor and supporter Warren Buffett, taking him to its China base, to show him their clean car plans.
The official Xinhua news agency accounted that BYD called over Buffett to Shenzhen for a signing ritual. The Company is all set to construct an energy storage power station with China Southern Power Grid.
By having a 10% interest in BYD, Buffett's Berkshire Hathaway has been able to secure a good profit. It is reported that since 2008, when Buffett bought the stake for $230 million, revenues have surged almost seven times.
On Sunday, an insider announced that the Shanghai Automotive Industry Corporation (SAIC), the leading automaker Company in China, reported earlier that it would be buying a stake in General Motors Company (GM), an American auto manufacturer, whenever GM puts its stocks for sale. This news came after GM's announcement that it would be divesting part of its stakes, by November 2010.
Three 100 miles per gallon vehicles emerged as the winner of the Progressive Insurance Automotive X Prize of 2010 from the total number of 136 fuel efficient vehicles participated in the event.
Edison2 was declared as the winner in mainstream class and got 5 million dollars as the prize money while the winner of 2.5 million dollars as the Alternative class was the bright yellow E-Tracer.
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