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Showing posts with label Reports. Show all posts
Showing posts with label Reports. Show all posts

Friday, October 28, 2011

Toyota Reduces U.S. Production Due to Thailand Floods


It seems that nature's forces do not like Toyota. The March natural disaster in Japan affected Toyota the most and now, just as it is gearing up production to make up for the lost time, a massive flood in Thailand has plagued the automaker's three local factories forcing the company to change its plans once again.

Toyota issued the following statement: “Parts availability from Thailand is not predictable at this time and is changing with the continued severity of the flooding.”

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BMW Begins Regular Production of new 2012 3-Series Sedan


With the official presentation out of the way, the BMW Group began series production of its new premium sedan, the 2012 3-Series, at is Munich plant in Germany as it prepares for its worldwide market launch in February next year.

“The BMW 3 Series is the most important volume-produced model from the BMW Group as well as the biggest-selling model in the entire premium segment," said Frank-Peter Arndt, Member of the BMW AG Board of Management responsible for production.

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Report: Ferrari California to Receive Mild Life Facelift with a Power Upgrade for 2012

[2011 Ferrari California pictured above]

When Ferrari launched the California in 2008, the hardtop roadster model was a novelty for Maranello. Despite objections from purists, Ferrari proved to be right and the California was a major sales success.

Not only did it boost the brand’s sales but it also succeeded in its original goal to bring in buyers who would only consider Aston Martins, Porsches and Bentleys as they found Ferraris to be impractical.

Now, according to CAR magazine, Ferrari’s front-engined V8 model is about to get a major overhaul for 2012, with production of the refreshed version beginning as early as January.

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Tesla CEO Confirms Plans to Launch All-New Roadster in 2014


The Model S saloon that was previewed earlier this month in Beta form, the upcoming performance version of the same model as well as the RAV-4 EV that it will be produced in cooperation with Toyota, are not the only plans Tesla CEO Elon Musk has in mind for the Silicon Valley-based brand.

The company is also working on an EV crossover based on the Model S while Musk recently told Autocar magazine that Telsa is also planning to launch a BMW 3-Series rival and an all-new Roadster in 2014.

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Peugeot Expands Range of Accessories for RCZ Sports Coupe


The funky-looking Peugeot RCZ sports coupe has been in the market for a little over a year and now, the French carmaker has decided to introduce a new line of accessories for both new and current owners.

First up is a new sports muffler with dual tailpipes on either side of the bumper that is available in a choice of two designs, with the oval shaped pipes priced at €733 in Germany and the round shape units at €788.

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Audi Launches A1 e-tron Trial Program in Munich


The first examples of Audi's A1 e-tron gasoline-electric hybrid project car hit the streets of Munich today as the German company in cooperation with E.ON and the public utility Stadtwerke Munchen and Technise Universitat Muncher initiated the trial program.

Audi has provided a fleet of 20 extended-range A1 e-tron electric vehicles, while E.ON and SWM have installed charging infrastructure both within the city limits and in surrounding areas.

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China's Pang Da and Youngman Agree to Buy Saab for €100 million and Save it from Bankruptcy


Saab's parent company Swedish Automobile N.V. [Swan] said on Friday that it has agreed to sell the company to China's Pang Da and Youngman.

If the deal goes through, the Chinese will own Sweden’s car industry bar Koenigsegg as Volvo was sold to Geely in 2009 – admittedly at the much higher price of US$2 billion dollars than the €100 million (US$141.7 million) Pang Da and Youngman are willing to pay for acquiring 100% of Saab Automobile and Saab GB shares.

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Thursday, October 27, 2011

Saab Attempts an 11th Hour Rescue Deal Before Friday's Court Hearing


This is your daily news info about the current state of affairs of the ongoing saga that is the Svenska Aeroplan AktieBolaget restructuring story or, more accurately, your second Saab news story of the day.

In this latest chapter, Saab's parent company Swedish Automobile NV [Swan] said that it is “in intense final negotiations” with investors in order to secure its financing and, thus, avoid bankruptcy.

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Porsche Offers Drivers First Taste of New 911 through Winter Experience Program


Porsche enthusiasts will be happy to learn that the German sports car maker has launched its new Winter Driving Experience program that offers drivers the opportunity to test-drive the brand-new 911 in extreme conditions.

The company says that regardless of the driver's level of driving skills, instructors will teach them to improve their skills and refine their driving style through a carefully selected mix of theoretical and practical lessons.

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Suzuki Ditches Los Angeles and Detroit Motor Shows


The strong yen is eating away profit margins and hurting Japanese carmakers’ sales and as a result, is forcing them to find ways to cut their losses.

Suzuki, which has been hit very hard by the currency exchange rates since it manufactures all of its U.S. market models - sans the Equator pickup truck- in Japan, decided to withdraw from next month’s Los Angeles Motor Show, despite having originally confirmed its participation.

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A Look at Some of the More Odd Creations of BMW's Individual Division


For the past few decades, BMW's Individual customization division has been catering to the needs of the Bavarian firm's more affluent clientele that are willing to dig a little bit deeper into their pockets to personalize their vehicles.

The firm's Individual workshop promises to fulfill almost any wishes as long as they comply with safety requirements and legal stipulations.

And while one client's request to base all colors used on an M6 Coupe around a Hawaiian Koawood trim worked out nicely (see video here), we can't say the same for the lamb wool floor mats found on a 2008 7-Series or the custom fabric interior trim on the 1992 7-Series.

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Ferrari Caters to the Needs of Those that Want to Stand Out from the Crowd


Believe it or not, some of the few individuals among us that are fortunate enough to own a Ferrari may find their car a little...ordinary. Do not fret: most of these people pay for exclusivity, and having the exact same car as someone else just doesn’t make the cut for them - not even when it comes to a Ferrari.

That’s why the Italian supercar maker introduced a “tailor-made” customization program at last month’s Frankfurt Motor Show. From now on, customers can order almost anything they want from three lines named Classica, Scuderia amd Inedita.

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Hyundai and Kia Target 7 Million Sales in 2012


Despite the global economic crisis, Korean automakers Hyundai and Kia have seen a rapid rise in global sales, thanks in part to their value for money offerings but also a new range of models.

As a result of the new sales records and increased demand, the two carmakers that currently form the world's fifth largest automotive group, increased the shifts in some of their plants and reevaluated their 2011 overall target to 6.6 million, up from 6.33 million units in the beginning of the year.

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Volkswagen Group Operating Profits Soar 86 Percent in the First 9 Months of 2011


Whereas the rest of the European carmakers such as PSA Peugeot and Citroen and the Fiat Group are facing troubled times, the German auto industry is enjoying one of its most prosperous eras ever.

On Thursday, Europe's largest automaker, the Volkswagen Group, announced that it has earned more in the first nine months of 2011 than in the whole of 2010.

The company's operating profit surged to €9.0 billion (US$12.5 billion) from January through September, up from €7.1 billion in fiscal 2010 and €4.8 billion in the same period last year, which represents a staggering 86 percent increase.

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China's Youngman and Pang Da Say Saab Deal is Still On


Earlier this week, Saab announced that it was terminating the deal with Chinese companies Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co., since their bridge loan that would help the Swedish automaker survive in the short term did not materialize in the agreed period.

Yet the two Chinese companies that provided only part of the €70 million (US$ 95.4 million) loan and which recently offered to buy 100% of Saab’s shares, say that the €240 million (US$340 million) July agreement is still on the table.

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Audi A4 and 80 Series Cumulative Production Reaches 10 Million Unit Milestone [Video]


Audi may have changed the name of its midsize model series from 80 to A4 in 1994, but it’s the same vehicle lineup and together, these two models reached a production milestone when the ten millionth example rolled off the assembly line in early October.

The production landmark was a top-of-the range Audi S4 finished in a Misano Red color with a black and alabaster-white interior.

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GM Invests US$275 Million in Ft. Wayne Plant to Build New Chevy and GMC Full-Size Pickup Trucks


General Motors announced on Wednesday that it plans to invest approximately US$275 million at its Fort Wayne assembly plant in Indiana to build the next generation of GMC and Chevrolet full size pickup trucks.

The latest investment is part of a US$2 billion plan that was announced back in May, which will create or retain around 4,000 jobs in 17 of GM’s U.S. factories over the next 18 months.

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Wednesday, October 26, 2011

Ford’s Reliability Suffers in Consumer Reports Survey, Japanese Brands Rule and Europeans are a Mixed Bag


Consumer Reports has published its 2011 annual auto survey in which the main point of interest, as the report states, is a sharp decline in Ford’s so far “solid reliability record”: the Detroit carmaker dropped 10 places in the overall reliability ranks.

According to CR's survey, which is based on responses from 1.3 million vehicles owners, Ford’s drop from 10th to 20th place among 28 carmakers can be attributed to two main factors. The first is that all three of Ford’s new models, i.e. the Explorer, Fiesta and Focus, scored below average in reliability in their first year on the market.

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Rumors: Mercedes-Benz to Resurrect Straight-Six Engines?


If there is one company that is widely renowned for its perfectly smooth straight-six engines, that would most certainly be BMW. The truth is though the Bavarian firm's arch-rival Mercedes-Benz also has a long history of using the exact same type of engine before it switched to a more space-efficient V6 layout.

Now, Britain's CAR magazine is reporting that Mercedes has signed-off a completely new family of engines for 2015, which aside from smaller V8s and a fresh batch of four-cylinder power plants, surprisingly enough, also includes a new generation of straight six units.

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Euro NCAP Announces the Results of the Latest Round of Crash Tests


The Ford Ranger's five-star rating in the Euro NCAP crash test was a surprise in the sense that it was the first time a pickup truck ever achieved such a high score not only for passenger but also for pedestrian protection as well.

The independent European safety organization also released the results for 11 more new models that were tested along with the Ranger. With the emphasis given these days on safety, the five-star rating awarded in all but one of the models was to be expected.

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