Sergio Marchionne, CEO of both Chrysler and Fiat, made an announcement saying that Fiat will be digesting its non-automotive industrial business, as it gets the approval of the investors. Earlier, the shareholders approved on the plan of Fiat divesting the industrial and marine operations into Fiat Industrial.
Hyundai has come up with a new avatar of its hit car bands, i10 and i20. These two cars have gone through a makeover.
The two cars have been designed in the research labs of Europe mostly done in Germany. While the new i10 has got newer, better and visibly different headlamps, the bumper and the grill section too has gone through a face lift. It has also been upgraded on the emission front and will be producing 99g/km of CO2 emissions.
In all, i10 has been given a look which is closer to Ford Fiesta. Its well regarded KAPPA motor has been replaced as well.
Britain’s antitrust regulator is reported to have initiated probing into suspected cartel activity among commercial vehicle makers in the UK.
The investigation is claimed to center on some of the major truck manufacturers in Europe including Daimler AG’s Mercedes-Benz unit. In addition, the probe embroils Fiat SpA’s Iveco unit, Scania AB and Volvo AB’s subsidiaries Volvo Trucks and Renault Trucks.
As per the recent reports, the OFT has recently jumped in the UK offices of Mercedes-Benz trucks at Tongwell near Milton Keynes in southeast England for investigation purposes.
The British division of Kia has launched new VR-7 special editions of its Cee’d and Pro_cee’d hatchbacks, which features special equipment such as reversing sensors.
The VR-7 special editions are available now in 1.4-litre petrol manual models. The duo comes equipped with 16-inch alloy wheels and heated and electronically controlled door mirrors.
Both of the new models feature improved safety credentials such as Hill Start Assist, Electronic stability control and Vehicle Stability Management.
A new survey revealed that Nottingham is one city in England that is least dependent on cars. 19 cities have been rated by Campaign for Better Transport (CBT) as per the quality of public transport available, owing to easy cycling and walking in the city, and other options available in the city.
Of all the cities, Nottingham was rated the best for the high usage of bus service. And also, London and Brighton were rated high and were also amongst those cities, which provided good choices to its citizens.
The Formula One wining car maker McLaren has decided to reduce efforts in its mainstream manufacturing and willing to enter in the other sectors of business.
The car maker has already started its work in the sports and healthcare industries and now eying at the aerospace industry. It has also plan to set up an all new car company in the UK in order to strengthen its foot in the normal car market.
General Motors' fourth CEO, Dan Akerson has made sure that he will draw profit of $1.7 million in cash and $7.3 million from the restricted stock annually.
However, the CEO of Ford Alan Mulally, who last year earned $12.9 million including salary and benefits, along with that he also, received $5.1 million in stock options.
The Companies which need a support and run on federal aid are being enforced to have salary restrictions by the U. S. Treasury “pay czar”, which still needed to approve the compensation of top GM executives.
Daniel F. Akerson, the CEO of General Motors is going to get an annual compensation package of $9 million. This will include a cash payment of $1.7 million and the rest will be paid in form of stocks and other benefits.
The annual pay will also include a long-term incentive plan for the new leader of the bankrupt Detroit-based company.
Daniel's pay package was disclosed by GM by filing regulatory filing. His salary is structured in the same way his predecessor, Edward E. Whitacre Jr. had his salary done. Edward had stepped down as the CEO on September
Honda Motor Co. on Thursday announced the pricing and release date for its all-new 2011 Odyssey minivan.
The 2011 Odyssey minivan will be available for $27,800, about $840 more than its predecessor. The upcoming minivan will hit roads on September 30.
The auto-manufacturer claimed that the new Odyssey minivan would offer a more idiosyncratic style, better fuel economy, more space and five latch points for child seats.
Toyota has issued the largest vehicle summon up this year in Australia, in support of its top-selling Hilux Ute. The label to mind relating 116,507 vehicles is one more propel to the status of Toyota. These distressed more than 10 million vehicles in an overseas realm. Utes more than 200,000 were recalled in Australia this year. More than two times in excess of the number sold for the interval of the first eight months of the year.
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.