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| Posted: 31 Oct 2011 12:41 AM PDT Could trouble just be around the corner for Audi China? Audi has had a comfortable lead over its closest competitors for the past few years, but are they losing their comfortable edge over their competitors? Audi entered the Chinese market relatively early when compared to other Western manufacturers, and considerably earlier than its Germanic rivals at BMW and Mercedes, Audi signed with FAW in 1988, [...] |
| Posted: 31 Oct 2011 12:41 AM PDT Foton's profits down 60% as sales go south From Xinhua: Beiqi Foton Motor Co., China's largest commercial vehicle manufacturer, said Sunday that its third-quarter profits slid 59.9 percent from one year earlier because of falling sales. The car maker's profits dropped to 211 million yuan (33.28 million U.S. dollars) for the third quarter of 2011, according to a statement filed with the Shanghai [...] |
| Posted: 31 Oct 2011 12:41 AM PDT FAW's own brand of cars loses 49 million RMB in 2011 It seems that cars self branded car venture maybe in for a difficult year, the company has so far lost some 49 million RMB this year and is expected to continue losing money. From Market Watch: China's FAW Car Co. warned Sunday that it expects a sharp decline in its full-year profit after posting a [...] |
| Posted: 31 Oct 2011 12:41 AM PDT Fuel pump handle the dirtiest thing we regularly touch in our lives Petrol station fuel pumps are the dirtiest things we touch in everyday life. A study by Kimberley-Clark Professional in the US found 71 per cent of petrol pump handles were contaminated with germs that were associated with high risk of illness. This... |
| Posted: 31 Oct 2011 12:41 AM PDT BMW M3 Black Edition on sale in Australia Matt black cars seem to be all the rage at the moment, and BMW is cashing in on their appeal. It has launched what it calls the BMW M3 Black Edition, and there are only a handful making their way down under. Twelve cars have been allocated to dealers a... |
| Posted: 30 Oct 2011 11:58 PM PDT  Los modelos más vendidos en Australia durante el 2011 Filed under: Industria Cerrados los nueve primeros meses del año, ya se pueden ir viendo qué modelos son los preferidos en el mercado australiano. Tras el repaso general del mercado que pudiste leer hace unos días (relativo a septiembre), hoy dejamos el listado con los representantes destacados en cada segmento entre enero y septiembre... URBANOS Suzuki Alto 3.399 Holden Spark 2.108 Fiat 500 246 Smart ForTwo 189 Abarth 500 144 Proton Savvy 39 ... |
| Posted: 30 Oct 2011 11:58 PM PDT Tesla Says Model S Is a First-Year Sellout Tesla Motors Inc. tells Bloomberg Television that next year's planned output of Model S extended-range electric sedans is already spoken for. The company has received 6,500 orders, each with a $5,000 refundable deposit for the car. The Model S is scheduled to begin production next summer at the former Toyota [...] |
| Posted: 30 Oct 2011 11:58 PM PDT Buick Goes Small General Motors Co.'s Buick Verano small sedan takes aim at a market niche between economy cars such as the Ford Focus and mid-luxury models such as the Audi A4. The $23,500 Verano shares its Delta II platform with the Chevrolet Cruze but incorporates many of the powertrain elements of the larger [...] |
| Posted: 30 Oct 2011 11:58 PM PDT Chrysler: U.S. Hourly Labor Costs Average $51 Chrysler Group LLC estimates that its new contract with the United Auto Workers union, which was ratified last week, will boost its American labor costs slightly to about $51 per hour. Chrysler CEO Sergio Marchionne tells reporters that the "economic disparity" of the domestic auto industry's two-tier wage system, which pays [...] |
| Posted: 30 Oct 2011 11:58 PM PDT Goodyear Posts Record Sales, Earnings Goodyear Tire & Rubber Co. reports all-time-high net income of $161 million for the third quarter of this year compared with a $20 million loss a year earlier. The company credits better pricing and mix and favorable exchange rates. Operating income nearly doubled to $463 million. Sales jumped 22% to a [...] |
| Posted: 30 Oct 2011 11:58 PM PDT Supplier Unveils Capacitor to Replace Starter Batteries Maxwell Technologies Inc., an energy storage technology developer, is introducing an aftermarket 12-volt ultracapacitor it says can replace the typical array of as many as three lead-acid batteries commonly used to start heavy-duty diesels. Ultracapacitors store energy directly in the form of electrons on surfaces separated by a dielectric. They can [...] |
| Posted: 30 Oct 2011 11:17 PM PDT DuPont May Sell Auto Paint Business DuPont Co. has hired Credit Suisse Group AG to look for potential buyers for its Performance Coatings division, according to Bloomberg News, which cites unnamed sources. They say the bidding process has not yet begun for the unit, which is expected to sell for $3 billion-$4 billion. Last year the coatings [...] |
| Posted: 30 Oct 2011 11:17 PM PDT Range Rover Evoque MT's Awarded SUV of the Year Motor Trend has named Land Rover's all-new Range Rover Evoque as its 2012 Sport Utility of the Year, describing the vehicle as "very transformational" to the brand. The Evoque, which debuted last summer in Europe and in September in the U.S., was voted car of the year and best compact SUV [...] |
| Posted: 30 Oct 2011 11:17 PM PDT Italian couple fined $42,000 for parking car illegally 1803 years ago An Italian woman suffered shock and dizzy spells and was forced to go to the hospital after receiving a parking fine for 32,000 euros ($42,440). The Repubblica newspaper in Italy reported Silicy police issued the head-spinning fine to the woman and ... |
| Posted: 30 Oct 2011 11:17 PM PDT Flooding Idles Honda Plant for Another Six Months Honda Motor Co. says its assembly plant in Thailand that was flooded on Oct. 9 will probably remain closed until the end of April, according to The Nikkei, which does not cite its sources. Honda believes it must replace much of the plant's equipment, according to the Tokyo-based newspaper. It says [...] |
| Posted: 30 Oct 2011 11:17 PM PDT Hyundai's Third-Quarter Profit Jumps 21% Hyundai Motor Co. says its net income in the third quarter rose 21% year on year to 1.92 trillion won ($1.7 billion). Unit sales grew 9% to 991,000 units, and revenue rose 14% to 19 trillion won ($17 billion). Analysts predict the South Korean company will earn more than Toyota [...] |
| Posted: 30 Oct 2011 11:17 PM PDT Kia Warns of Slower Sales Growth Kia Motors Corp. says its third-quarter profit shrank 8% to 648 billion won ($587 million). Chief Financial Officer Lee Jae Rok says the company is worried about slower growth in China, western Europe and its South Korean home market. "The outlook does not look so bright," Lee tells reporters in Seoul. |
| Posted: 30 Oct 2011 11:17 PM PDT Visteon Aims to Focus on Fast-Growing Asian Markets Detroit-area-based Visteon Corp. wants to sell two of its four business units—lighting and interiors—and focus on faster-growing operations in Asia, according to Bloomberg News. Visteon has hired The Rothschild Group to facilitate both sales, unnamed sources tell the news service. The sources estimate the two divisions, which generated a total of [...] |
| Posted: 30 Oct 2011 11:16 PM PDT Global Consumer Sentiment Remains Pessimistic On average, nearly two-thirds of the world's consumers say they will spend less in the months ahead on things they want and need because of worries about the economy, according to the Nielsen Global Consumer Confidence Index. The worldwide index slipped to 88 in the third quarter from 89 in the [...] |
| Posted: 30 Oct 2011 11:16 PM PDT GM CEO Predicts 7%-10% Growth for China Market General Motors Co. CEO Dan Akerson tells reporters in Shanghai that this year's car market in China will expand by a "healthy" 7%-10%. Akerson was in China to mark a 70% expansion in annual capacity to 510,000 units of a plant in Qingdao operated by its SAIC-GM-Wuling partnership. The factory makes [...] |
| Posted: 30 Oct 2011 11:16 PM PDT Japan, Vietnam to Set Up Joint Rare-Earth Venture Japan and Vietnam are expected today to launch a joint venture that will begin mining rare-earth elements in Vietnam in 2013. The deal eventually will provide Japan with more than 20% of its requirement for the minerals, The Nikkei says. The venture involves two Japanese trading companies—Toyota Tsusho Corp. and Sojitz [...] |
| Posted: 30 Oct 2011 10:34 PM PDT  Miss Tuning Calendar 2012 con Mandy Lange Finalmente possiamo proporvi le foto del Miss Tuning Calendar 2012, con protagonista Mandy Lange, 24 anni, incoronata Miss Tuning 2011 al Tuning World Bodensee. La nostra gallery include anche le immagini del back-stage. I fantastici 12 mesi sono stati immortalati in Croazia. Vi ricordiamo che la bellissima Mandy ha prevalso in una selezione di 500 ragazze con 18 finaliste, portandosi a casa anche una Skoda Fabia RS.... |
| Posted: 30 Oct 2011 09:52 PM PDT Global Consumer Sentiment Remains Pessimistic On average, nearly two-thirds of the world's consumers say they will spend less in the months ahead on things they want and need because of worries about the economy, according to the Nielsen Global Consumer Confidence Index. The worldwide index slipped to 88 in the third quarter from 89 in the [...] |
| Posted: 30 Oct 2011 09:52 PM PDT Fiat Share Plan Would Ease a Chrysler Merger, Ferrari IPO Fiat Auto says a plan to convert its preferred and savings shares into ordinary shares would streamline the company's capital structure and prepare for a possible full merger with Chrysler Group LLC. Fiat Industrial plans a similar move, which analysts tells Reuters would likewise make it easier for that company to [...] |
| Posted: 30 Oct 2011 09:52 PM PDT Lifan 320 Spotted Testing Lifan are still a small auto maker, but they do have a global ambition to sell cars and are currently one of the leading exporters of cars despite their location in Western China. Their current line up is made up of the tiny 320, compact 520 (in sedan/hatch form) and the forthcoming 720 as well [...] |
| Posted: 30 Oct 2011 09:52 PM PDT 2012 Fiat 500 Abarth Official Photos: The 500's Angry Sibling Announced for L.A. Show The amped-up 500 we've been waiting for. Just one year ago at the Los Angeles auto show, Fiat announced its official reentry into our country with the debut of the U.S.-spec 500. Since then, the brand has added the pseudo convertible 500C, but sales of all Cinquecentos have failed to impress. |
| Posted: 30 Oct 2011 09:52 PM PDT Global Consumer Sentiment Remains Pessimistic Nearly two-thirds of the world's consumers on average say they will spend less in the months ahead because of worries about the economy, according to the Nielsen Global Consumer Confidence Index. The index slipped to 88 in the third quarter from 89 in the second quarter. But Nielsen says strong optimism [...] |
| Posted: 30 Oct 2011 09:52 PM PDT Fiat Share Plan Would Ease a Chrysler Merger Fiat Auto says a plan to convert its preferred and savings shares into ordinary shares would streamline the company's capital structure and prepare for a possible full merger with Chrysler Group LLC. Fiat Industrial plans a similar move, which analysts tells Reuters would likewise make it easier for that company to [...] |
| Posted: 30 Oct 2011 09:51 PM PDT Lancia Counting on Chrysler-Based Models to Boost Sales 44% Fiat SpA's Lancia brand predicts its sales will reach 130,000 units in 2012 from 90,000 this year—with more than half the new sales coming from its first two Chrysler-made models, says Automotive News Europe. The Thema and Voyager, which debuted in early October, are mildly restyled versions of the Chrysler 300 [...] |
| Posted: 30 Oct 2011 09:51 PM PDT Porsche Profit Climbs 25% Porsche AG says strong demand for its Cayenne SUV have boosted the company's operating profit in the first nine months of 2011 to €1.5 billion from €1.2 billion in the same period last year. Revenue for the January-September period surged 20% to €7.9 billion, led by a 73% jump in Cayenne [...] |
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