According to the Society of Motors Manufacturers and Trading (SMMT), the new car sales dropped down sharply in the month of August for the second month in a row in the UK.
As per the report of SMMT in August 55,305 new cars were registered which was 17.5% less than the registration of the same month of last year. The SMMT has warned that the market would remain difficult for the rest months of the year however the experts had expected more than 2 million new cars to be sold in this year.
Rumors are swirling that car-manufacturer Toyota has plans to manufacturer a sedan based on the FT-86 compact sports coupe.
Australian site Carsguide claims that Toyota is working on a smaller version of the FT-86 to offer a sports coupe in the range of sub-$20K.
The rear-drive four-door FT-86 Sedan will be smaller in size than the Lexus IS models. It will feature the same 2.0 liter Subaru Boxer as the coupe version. It was also claimed that a Subaru 3.6-liter H6 could be offered in addition to a hybrid model. It will also feature a six-speed manual gearbox.
A revamped version of the Renault Laguna will be showcased at the upcoming Paris Motor Show ahead of its UK debut in November.
Renault has released some pictures of the new Laguna. In the released pictures, the Renault Laguna looks sharper and sportier at the front, which makes it more attractive that the previous version.
Interior features have also been driven up. The company claims that the new version comes with the highest level of quality, reliability as well as safety.
Combined speed and beauty, Peugeot's RCZ contains both.
It is available in three configurations, which are, RCZ M (manual) 147kW 1.6 liter turbo, RCZ HDi M (manual) 120kW diesel turbo and RCZ A (automatic) 115kW 1.6 liter turbo, where each of them has been loaded with standard features and it has a common price pointing at $54,990 and some tax costs.
Talking of the features that it has are Bluetooth compatible hands-free kit, USB connector, a jack socket, audio streaming function and cruise control/speed limiter, six-speaker AM/FM radio with MP3 capable CD player.
Ford has confirmed that the 2011 model of its F-150 SVT Raptor truck would become a bit more outrageous. The standard 5.4-liter V-8 will be replaced by the future 411-horsepower 6.2-liter engine. In addition, the new truck will be a four-door SuperCrew cab as compared with the existing current Raptor which is equipped with an extended two-door SuperCab body.
Acclaimed automaker General Motors has announced that it would introduce a 5-door 2011 Chevy Cruze hatchback at the 2010 Paris Motor Show.
The Chevy Cruze hatchback, which is about the size of a Honda Civic or Ford Focus, will go on sale in Europe next year.
The company also announced that five sedan models of the 2011 Chevy Cruze would be introduced this month to the domestic market. General Motors’ North America president Mark Reuss along with Ohio Governor Ted Strickland will unveil the Cruze on Wednesday. The Cruze will hit the US showrooms later this month.
Italian automaker, FIAT has decided to come back to the US market after three decades and is ready to face the competition that has developed because of the US as well as other foreign players.
FIAT has said that it will enter the market by using the distribution channel of Chrysler Group. But till now no response from these dealers has.
But looking at the current situation it seems rather possible that the dealers will be happy to take up the new job. But as per the plans of the company, the 500 mini cars that FIAT is going to hit the showrooms by 2011.
August was most probably the weakest month in around 28 years, since even discounts could not tempt consumers to buy new automobiles, which is most evidently due to the worrisome set up of economy and also because of the joblessness risk.
Deliveries all through the industry, to be released tomorrow, might have been able to strike 11.6 million vehicles for the month, an estimation made by eight market analysts polled by Bloomberg.
As per researcher Ward’s AutoInfoBank, that would be the most sluggish pace ever since the year 1982.
As revealed by Eddie Stobart, the trucking group, their business got motivated by the multi-million pound deals with Irn Bru manufacturers AG Barr and Tesco, which helped making it a robust start of the year.
The business got boosted up with the contract between Eddie Stobart and AG Barr of Scotland, worth around £7m a year to offer transport and warehousing services to the latter. It also struck a £25m-a-year distribution deal with Tesco, Britain's biggest supermarket chain. The Company made other such deals with Unilever and Nestle.
Production of cars in the UK fell 8.9 per cent to 98,000 units in July as termination of the scrappage scheme hit demand, the Society of Motor Manufacturers & Traders (SMMT) said.
Despite fall in monthly production of cars, total number of cars produced during the year-to-date was still 41.7 per cent higher than the corresponding period of last year. Total number of vehicle produced in July slipped 7.5 per cent to settle at 107,578, while engine output was down 3.4 per cent.
The month of July experienced a heavy plunge in the production of the cars to the tune of 8.9% than last year, which accounts for 98,000 cars, as revealed by the Society of Motor Manufacturers & Traders.
In the last month, there was a slump of 7.5% in the total vehicle production. In the UK, the car production climbed down 9%. The demand for cars picked up in 2009, with the launch of car scrappage scheme by Government.
As told by some sources, General Motors Co. along with its IPO offering has decided to sell a fraction of its stock to interested buyers who are willing to take significant stakes in the Company.
The selling of the part of stock is nothing but a methodology to illustrate that the IPO offer is backed by major investors. The plan is all prepared with the GM and will be carried on as preferred offering, as per the information provided by person familiar with the matter.
General Motors, on Tuesday, informed that it was recalling 243,000 crossover vehicles in order to check a trouble with rear seat belts that could face a problem with the bolting of the belt, thus, putting one in danger.
The called in recall covers the 2009 and 2010 Chevrolet Traverse, Buick Enclave, Saturn Outlook and GMC Acadia.
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