Articles

  • US: New Mercury model to launch in 2011

    Ford’s Mercury brand will launch a new car next year, based on the same platform as the new Ford Focus, reports Automotive News. The announcement came from Ford executives speaking to dealers at a recent meeting of the National Automobile Dealers Association. The new model will reportedly revive the Tracer…

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  • US: Remy and AMP in electric motor agreement

    Remy International has announced it has signed a letter of intent with Advanced Mechanical Products, Inc (AMP) for a potential long-term electric motor supply agreement. AMP will use Remy HVH250 electric motors in its custom electric vehicle (EV) conversions. AMP has developed an all-electric high performance, high efficiency drivetrain for…

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    Europe: Car registrations up 12.9% in January

    New passenger car registrations in the European Union rose by 12.9% in January 2010 to reach 1,058,868 units, compared with 938,026 cars registered in the same month a year earlier. The depressed sales levels in January 2009 contributed to this year-on-year increase. This becomes clear when last month’s registrations are…

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  • UK: Torotrak reports encouraging progress

    Torotrak has provided an interim management statement for the period 1 October 2009 to 15 February 2010, which provides a brief update on trading in the period. The company reports that “encouraging progress continues to be made across our key business segments and our target remains to break even on

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    Germany: Leoni targets 10% revenue growth in 2010

    German automotive cables and wiring systems supplier Leoni has announced preliminary financial results for 2009, indicating an improvement in performance in the final quarter of the year and a reduction in debt in line with expectations. Growth outpacing the market average is targeted for 2010. 2009 group revenue was reported…

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  • France: Peugeot 5 details released ahead of launch

    Peugeot has released images and details of its latest concept, known as the ‘5 by Peugeot’, ahead of its debut at Geneva. The large luxury concept measures 4,860mm long, 1,880mm wide and 1,420mm high, with a 2,815mm wheelbase. It rides on 19-inch alloy wheels. The Peugeot 5 concept likely indicates…

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  • US: Funding expected for Fenton plant redevelopment

    Ed Montgomery, part of US President Obama’s automotive task force and director of Recovery for Auto Communities and Workers, plans to visit the former Chrysler production facilities in Fenton, Missouri, on 18 February to announce federal funding to redevelop the site, reports St Louis Business Journal. Nearly US$1.6m is expected

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    Italy: Lamborghini rolls out 4,000th Murcielago

    Lamborghini has rolled out its 4,000th Murcielago. The landmark model, an LP 670-4 SuperVeloce version, recently left the Sant’Agata Bolognese plant destined for Lamborghini’s showroom in Hangzhou, China. The Asia Pacific currently accounts for 25% of all Lamborghini sales. The Murcielago debuted in 2001 for the 2002 model year, replacing…

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    US: GM cuts annual costs by US$10.7bn

    Based on company documents and comments by a General Motors’ spokesperson, the OEM has cut US$10.7bn from its annual costs, freeing up money for marketing and vehicle upgrades while boosting chief executive officer Ed Whitacre’s target of achieving a 2010 profit. According to a Bloomberg report, the cost reductions include reduced…

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  • US: Hertz to offer Nissan EVs

    Car rental company Hertz will begin offering Nissan’s Leaf electric vehicle at certain rental locations in the US and Europe, starting early next year. The Leaf is a medium-size hatchback that seats five adults and has a range of about 100 miles (160km). Sales begin in Japan, the US and

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  • Italy: Ferrari sales down 5% in 2009

    Ferrari has reported global deliveries of 6,250 units in 2009, down 5% from the total in 2008. Despite the year-on-year decline, Ferrari’s global market share increased by an average of 10 percentage points. By region, North American deliveries totalled 1,467 cars, down by 200 units from 2008. In Europe, deliveries…

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    India: Tata eyes sale of stake in finance unit

    According to media reports in India, the State Bank of India may acquire a 49% stake in Tata Motors Finance Ltd (TMFL), the vehicle financing unit of Tata Motors. Debasis Ray, head of corporate communications at Tata Motors, was quoted by The Mint newspaper as commenting: “Tata Motors has said in…

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  • UK: FMTV deal loss leads to US$929m write-down at BAE

    Following a re-evaluation of a US Army contract to Oshkosh, which resulted in the Army affirming that the Family of Medium Tactical Vehicles (FMTV) contract will remain with Oshkosh, BAE Systems has said that it will take a charge of £592m (US$929m) to its 2009 accounts. BAE Systems and Navistar…

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