|
Clarkson beats C-Charge
Looking to avoid paying the Congestion Charge but can't stomach the prospect of buying a Prius or - heaven forbid - a G-Wiz?
Clarkson's got the answer. That tank he stormed London with yesterday? Congestion Charge exempt.
Yep, honest. See, it runs on waste fuel recovered from vehicles that have incorrectly had their tanks filled with diesel or petrol. The tank will happily eat this waste fuel that would otherwise have to be re-refined, so qualifying for C-Charge exemption.
In fact, it'll run on just about anything flammable - cooking oil, ethanol, Special Brew - which makes it a lean, green, waste disposal machine. With ruddy great tracks.
So there you go. Get yerself a tank and hoon around Central London for free. And if any of those eco-dogooders complain, well, they won't, will they? You've got a tank.
Source : http://www.topgear.com
(9/2/2008)
|
Research and Markets:Toyota Motor Corporation - IT Sales Opportunities - 2008 Intends to Help Vendors Identify Selling Opportunities within the Company
DUBLIN, Ireland, (BUSINESS WIRE) -- Research and Markets www.researchandmarkets.com/research/9aa6aa/toyota_motor_corpo) has announced the addition of the "Toyota Motor Corporation - IT Sales Opportunities - 2008" report to their offering.
Toyota Motor Corporation (Toyota) primarily conducts business in the automotive industry. Its business segments are automotive operations, financial services and other operations. Its automotive operations include the design, manufacturing, assembly and sale of passenger cars, minivans and trucks and related parts and accessories. Toyota's financial services business consists primarily of providing finance to dealers and their customers for the purchase or lease of Toyota vehicles.
Industry trends and drivers have a direct or indirect effect on IT spending of all companies operating within an industry. For example - increase in sourcing from low cost countries might influence Toyota to relook at their supply chains, resulting in selling opportunities for SCM solutions, collaboration tools etc. Thus, we can conclude that industry spending on any particular IT product or service is an important indicator of the criticality of that product or service for the industry. Based on the IT spend information available in 'TechNavio', we have computed a 'criticality score' for various IT products and services, for Toyota.
Various company level developments and events are important indicators of selling opportunities and drive the sales of IT products and services. For example - an acquisition by Toyota might result in opportunities for IT migration and integration services. By tracking these sales drivers (using 'TechNavio'), we have arrived at a demand score for each product and service.
Through an in-depth analysis of industry trends and drivers and company level developments and events, we have made the 'IT Selling Opportunities Map' for hardware, software and IT services for Toyota. These maps have been divided into four zones representing Level I, Level II and Level III opportunity areas. Level I opportunity areas have the highest scores and hence, there is a high probability that Toyota will buy these products and services. Level II opportunity areas have lower scores and hence, lower probability to sell to Toyota. Level III opportunities have the lowest scores and hence, unlikely to sell to Toyota.
The report is meant for IT vendors and intends to help them identify selling opportunities within the company. Further, the identified sales drivers can be used to penetrate these accounts or increase current share of the customers wallet. Also, the report lists key IT spending decision makers, which will enables salesperson to directly contact the key executives within the company.
TechNavio Insights is a set of reports based on TechNavio - a market intelligence platform for the IT industry. It builds on the intelligence available within TechNavio, and leverages on the custom research experience of the Technology Navigators. TechNavio is built on years of experience of Infiniti Research in deep dive custom research and consulting for over 30 Fortune 500 companies and numerous large and mid-sized companies.
Source : http://www.marketwatch.com
(9/2/2008)
|
AICPA issues warning about charitable automobile donations
High gas prices are causing many Americans to think about buying a more fuel efficient vehicle, but if you think you can donate your old car to charity and then take a hefty tax deduction, the American Institute of Certified Public Accountants advises you to brush up on the rules because they may be different than you remember.
"Taxpayers usually can't write off the full market value of a vehicle they donate to charity, but many taxpayers don't realize that the federal rules changed in 2005," Tom Ochsenschlager, vice president of taxation for the AICPA, said.
"Taxpayers have to meet strict IRS requirements in order to claim more than a $500 deduction," Ochsenschlager said. "Many donated vehicles are clunkers," he said. "They don't have a high resale value, and the charities don't get much money for them." Ochsenschlager said the taxpayer's deduction can't be more than what the charity received, except under special circumstances:
* The charitable organization uses it to perform some of its regular charitable activities – for example, using the vehicle to deliver food if providing food is part of the organization's regular function.
* The charity makes a major improvement to the vehicle – replacing the engine would qualify, but not a minor repair or routine maintenance.
* The charity gives the vehicle away or sells it for significantly less than fair market value to someone who is underprivileged, so long as the charity's purpose is to provide vehicles to poor or distressed individuals who need one.
Ochsenschlager said if one of these conditions is met, the taxpayer may take a deduction for the vehicle's fair market value. "It's a good idea to check with the charity to find out its plans for the vehicle before you donate it, so you'll know whether a fair market value deduction is possible," he said.
For cars in good condition that will be used by the charity as described above, he recommended consulting a used car buying guide, such as the Kelley Blue Book, to determine the fair market value. He said taxpayers must use the private party sale estimate, not the dealer retail value of a similar vehicle, as the basis for the fair market value.
"Don't forget to get the necessary paperwork to substantiate the deduction," Ochsenschlager cautioned. He said taxpayers claiming more than $500 have to get a receipt from the charity substantiating the contribution on IRS Form 1098-C. The form includes the donor's name and taxpayer identification number, the vehicle identification number and whether any of the three exceptions described above apply.
"Get extra mileage out of the deduction by making a bigger down payment on a new car or by putting the money in your automobile repair fund," Ochsenschlager said. "You'll have reduced the overall cost of financing the new car or saved some money for future costs."
Source : http://www.accountingweb.com
(9/2/2008)
|
Quantum Fuel Systems Technologies Announces CEO Interview and Company Presentation Available Online
IRVINE, Calif., - Quantum Fuel Systems Technologies Worldwide, Inc. , a developer of advanced energy technologies for the automotive industry, today announced that the company's CEO, Alan Niedzwiecki, has been interviewed on RedChip Internet TV, a business-oriented online interview program. The interview highlighted the company's positioning as a leader in the development of hybrid electric, hydrogen, and alternative fuel technologies that enable energy efficient utilization in hybrid and fuel cell vehicles as well as its status as a Tier 1 supplier of clean vehicle technologies to the automotive OEMs.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Mount Airy Casino Resort to Host 'Toys For Tots' Classic Car Show
PARADISE TOWNSHIP, Pa., PRNewswire/ -- A "Classic Car Show," sponsored by the Pocono Marine Corps League and hosted by Mount Airy Casino Resort, will be held on Sunday, September 7th to benefit the "Toys for Tots" program. The event will be held at the Golf Course Club House off Woodland Road adjacent to Mount Airy from 10 a.m. to 4 p.m.
The program will feature a "9/11" Tribute and the ever popular "Joey and the Original T-Birds" musical band. DJ Raul will be playing music during the event.
Food and beverage items will be available for sale with proceeds to go "Toys for Tots." Conducted by the US Marine Corps Reserve, "Toys for Tots" has been in operation for 60 years and collects toys for donation to children of all faiths, during the Holiday Season. Admission is free for the general public and trophies will be awarded f or categories of classic cars.
Source : http://www.automotive.com
(9/2/2008)
|
NeoSynergy Further Extends Dealers' Advertised Pricing and Inventory
BLOOMFIELD HILLS, Mich., PRNewswire/ -- NeoSynergy, a Web-based automotive software firm is introducing additional technologies to broadcast automotive dealers' new-vehicle pricing and inventory, called Best Deals, to aggregator sites such as Google Base and Oodle. The firm will also begin pushing advertising and inventory to other automotive portals through gadgets and widgets later this summer. The extension of their network further establishes NeoSynergy's suite of tools as the premier solution for dealers to sell more cars while spending less money.
"The Internet marketplace has radically changed in just the last few years," says NeoSynergy CEO and President David Wassmann. "Older online sales companies have spent millions of dollars in marketing to pull readers to their sites. As the technology has evolved, we recognized that it is much more successful, and cost effective, to push content to Websites consumers are already using to find information, such as Google, Oodle, AOL or other shopping destinations."
NeoSynergy recently launched a Best Deals landing site as a destination for content displayed on current and future aggregator sites. In less than one month this network-building approach increased traffic to dealer inventory by 12 percent.
"This site is another great tool we provide the dealer to promote and sell his inventory and specials, and provides a platform for further network expansion," says Wassmann. "And it is an important part of our comprehensive strategy that has resulted in a jump of 120 percent in impressions just this summer."
For consumers, Best Deals offers unique information that reflects the actual purchase or lease price -- not just the published invoice and MSRP information. Best Deals allows dealers and their advertising agencies to modify pricing on a real-time basis -- even after prices have been published -- and reflects industry trends: 80 percent of consumers research new vehicle purchases online and 59 percent of automotive dealers report they are planning to increase spending on online marketing. New inventory-publishing tools in the Best Deals service have made the process of online advertising even easier for subscribers.
Best Deals content will also be distributed to gadgets and widgets on other auto portals later this fall, in addition to a standalone gadget that will be available for installation on any third party website.
Additionally this fall, Best Deals subscribers will also be able to take advantage of a pay-per-click feature and NeoSynergy's new Best Deals Direct application, a revolutionary feature for the online automotive industry that allows consumers to place a deposit directly with the dealership online.
"Since the pay-per-click feature and Best Deals Direct application is nested within the Best Deals content, we'll be adding powerful tools that drive traffic to dealer websites and promote dealer sales," says Patty Cox, CMO.
Source : http://www.automotive.com
(9/2/2008)
|
Solomon Awarded Commercial Marine Contract
DANBURY, Conn., PRNewswire-FirstCall/ -- Solomon Technologies, Inc. , announced today that its Motive Power Division has won a second contract to provide its proprietary propulsion technology for use in water taxis in Singapore. The taxis will be used in and around Singapore harbor in accordance with the local government's strict regulations regarding environmentally friendly power sources.
Peter W. DeVecchis, Jr., President of Solomon said, "As we continue to focus our corporate resources on the renewable and alternative energy fields using our unique technology in power electronics and electro mechanical drive systems, the repeat order from Singapore is indicative of the growing demand for our products, worldwide. Our customer has been very pleased with the performance of the first systems having experienced essentially flawless operation in meeting all its operational goals." He continued, "Singapore's strong commitment to environmentally friendly, cost effective alternative power solutions throughout the country should serve to provide continuing opportunities for Solomon's systems."
Information about Solomon Technologies, Inc.: Solomon Technologies, Inc., through its Motive Power and Power Electronics divisions, develops, licenses, manufactures and sells precision electric power drive systems, including those utilizing its patented Electric Wheel(R) Electric Transaxle(TM) and hybrid and regenerative technologies as well as direct current power supplies and power supply systems requiring high levels of reliability and ruggedness for defense, aerospace, marine, commercial, automotive, hybrid electric and all electric vehicle applications.
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding Solomon Technologies, Inc. in this release that are not historical in nature, particularly those that utilize terminology such as "may," "will," "should," "likely," "expects," "anticipates," "estimates," "believes," or "plans," or comparable terminology, are forward-looking statements based on current expectations about future events, which management has derived from the information currently available to it. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Important factors known to management that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in the Company's filings with the Securities and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof, and the Company undertakes no obligation to correct or update any forward-looking statements, whether
Source : http://www.automotive.com
(9/2/2008)
|
Kia Soul heading to Paris
The production version of Kia's new Soul urban crossover will be on display at the Paris Motor Show next month.
The Soul will go on sale in mainland Europe next February with a choice of diesel and petrol engines based on the DOHC engines already fitted to the European-built Kia cee'd.
Kia plans to offer a choice of manual or automatic transmissions, depending on model. Right-hand drive production is due to start in March.
The diesel engine generates 126 PS at 4,000 rpm and maximum torque of 255 Nm at 2,000 rpm.
The all-aluminium petrol engine also produces 126 PS at 6,300 rpm and 156 Nm of torque at 4,200 rpm.
The Soul is a five-door hatchback with front-wheel drive, a high roofline and an unusually long wheelbase.
It is particularly tall - overall height is 1,610 mm but the base of the windscreen is 135 mm higher than a typical compact car, the hip-points are 120 mm higher and the ground clearance is raised by 45 mm.
Looking ahead to the Paris Show debut, Gregory Guillaume, Chief Designer, Kia Motors Europe, commented: "First impressions will make a big impact.
"Tall doors and high-mounted seats make for easy access and an airy interior, yet the 'laid-back' dashboard design, triple dial instrument cluster and thick-rimmed steering wheel create an unusual combination of spaciousness for passengers and cosiness for the driver."
The Kia Soul will make its world premiere at the Paris International Motor Show on October 2nd.
Source : http://www.newcarnet.co.uk
(9/2/2008)
|
Indian auto giant announces shifting of car project site
RTTNews) -A week after warning to do so, Indian auto giant Tata Motors announced Tuesday that it was suspending construction and commissioning of a plant in the eastern state of Bengal to manufacture the world's lowest-priced car, 'Nano,' following a deadlock created due to tension and violence in the project area.
The company said in a statement that in view of the confrontation and agitation at the site, the company was evaluating options to relocate the plant and machinery to an alternate site.
On 22 August, Ratan Tata, the chairman of Tata Motors, threatened to wind up its operations in the state if there was no end to violence at Singur, where the company is building a factory to manufacture 'Nano,' a car that Tata is offering at 100,000 Indian rupees (US$2306).
While the company said its October launch deadline remains unchanged, any decision to relocate production facility to another state would delay full-scale production of the diminutive car by at least a year, analysts say.
The idea of a low-cost car for the common man, conceived by Ratan Tata, was unveiled with huge fanfare early in the year during an international automobile show in the Indian capital New Delhi.
Bengal's Trinamul Congress party has been conducting protests and political opposition over the acquisition of 400 acres of farmland earmarked for the ancillary units in Singur. Its leader Mamata Banerjee said Monday that Tata Motors was free to resume work at the site, and the Left Front offered a special rehabilitation package for displaced farmers who had not accepted compensation, indicating a speedy end to the protest movement.
Source : http://www.rttnews.com
(9/2/2008)
|
Baldor Electric Company Announces Acquisition of Maska Power Transmission Business
FORT SMITH, Ark., PRNewswire-FirstCall/ -- Baldor Electric Company markets, designs, and manufactures industrial electric motors, power transmission products, drives, and generators and is based in Fort Smith, Arkansas. Today Baldor announced that it has acquired Poulies Maska, Inc. of Ste-Claire, Quebec, Canada.
Maska is a designer, manufacturer and marketer of sheaves, bushings, couplings and related mechanical power transmission components. They have 180 employees primarily located in Canada and a new facility in China. Maska's 2007 sales were approximately $33 million.
John McFarland, Chairman and CEO of Baldor said, "We are excited to announce the addition of Maska to our line of mechanical power transmission products. Over the past 5 years the management team at Maska has increased sales and profits by nearly 50%. Their two automated and efficient facilities produce a large variety and some of the highest quality products available in the marketplace. Maska's sheaves and bushings complement our Dodge line with each having success in different parts of the market."
Source : http://www.automotive.com
(9/2/2008)
|
Proton launches dual fuel range
The Proton GEN-2 range is growing, with the addition of two dual fuel models able to run on either petrol or LPG.
At around 58p per litre, LPG has become an increasingly attractive alternative following the huge rise in the cost of petrol and diesel.
To convert a conventional car to run on LPG currently costs between £1,500-£2,000.
At exactly the same price as its petrol equivalent, Proton's new ecoLogic range offers a factory fitted LPG-ready alternative.
Even allowing for the slightly increased fuel consumption when running on LPG, customers can save an estimated 40% on their fuel costs.
ecoLogic owners will also benefit from 3 year/60,000 miles total vehicle warranty and 3 years RAC cover.
LPG is not a new concept and is used to run over 140,000 vehicles in the UK currently and 11 million worldwide.
Humberside Police have been running LPG-converted Proton vehicles for over 10 years.
The GEN-2 ecoLogic starts on petrol and then switches to LPG when it's most efficient to do so, usually after about 20 seconds.
Any very slight differences in performance will go unnoticed and the only visible addition to the interior is a switch on the centre console that shows the fuel level.
There is a second filler cap next to the petrol cap, which is matched to the exact colour of the car.
The LPG tank is situated in the spare wheel well, so owners lose only the smallest amount of boot space.
The Proton ecoLogic GEN-2 has a 1.6 litre engine and is available in hatchback or saloon guises, priced at £10,995 and £10,795 respectively.
Source : http://www.newcarnet.co.uk
(9/2/2008)
|
Are driving standards in decline?
Many feel our driving is getting worse
Nearly two thirds of motorists feel the standard of driving has got worse on Britain's road in recent years.
A new poll by UK car supermarket Motorpoint has found that 67% of people believe the general driving skills of their fellow motorists has fallen dramatically in recent years.
Only 32% said standards were the same as before. Over 1,110 people participated in the survey, which was carried out on the company's website.
This news comes as new figures from the Drivers Standards Agency (DSA) show that less than half of the 1.7m people (44%) who took their driving test in 2007/08 passed first time.
Says David Shelton, Managing Director of Motorpoint: "It is clear from our poll that we all need to take a much closer look at the way we drive, no matter how good we may think we are behind the wheel, and start to correct some of the bad habits that we have all picked up down the years."
Source : http://www.newcarnet.co.uk
(9/2/2008)
|
Transformer Volt: Built on a Malibu Chassis
SANTA MONICA, California — Last week Inside Line published photos of the future Chevrolet Volt caught on the scene of the new Transformers 2 movie set, and GM officials were adamant that the Volt seen running with what could be the latest Autobots and Decepticons was not the Volt that will be coming to Chevrolet showrooms next year.
Merely semantics, we'd say, as a source within GM has since confirmed what we suspected late last week; the Volt spotted on the streets of Long Beach, California was not a full running prototype, but a fiberglass replica of the production Volt design riding on a Malibu chassis with a full Malibu drivetrain and interior.
Built by Saleen, the company that also crafted the Camaros for the original Transformers movie, the Volt was specifically built for Transformers 2. But unlike the Camaros where they built several cars, only one Volt movie car was constructed, and it was supposed to be held under very tight security.
From 25 feet away, the distance of these spy photos, the Volt looks like a real car. However, like many movie replicas, the Volt is sporting everything from unique showcar paint to oversized brake discs made of cardboard.
Set for production debut next summer, the Chevy Volt will be released at the same time Transformers 2 is hitting movie theaters, which is why GM benefits from the Volt's movie appearance, even if the electric car does not get a starring role.
Source : http://www.edmunds.com
(9/2/2008)
|
Emerging Asian Car Brands
Wahington DC; The AIADA newsletter reported that Korean brands Hyundai and Kia are well-placed to take advantage of U.S. consumers' thirst for small, fuel-efficient vehicles. But, according to Automotive News, it is too early to gauge the impact that products from Chinese and Indian automakers will have in the United States.
Hyundai is preparing a barrage of new products over the next four years, including the up-market 2009 Genesis. Smaller-displacement engines, turbochargers, and at least one hybrid model are also planned by Hyundai.
And at Kia, the tall, boxy 2010 Soul is taking aim at buyers enamored with Toyota's Scion vehicles. The Soul also will go up against another boxy newcomer, the Nissan Cube.
But India's Mahindra & Mahindra Ltd. will tiptoe into the United States, and although there has been lots of talk from Chinese automakers, just one vehicle is penciled in, appearing in 2011. Each automaker must tackle high fuel prices, tougher CAFE regulations, and concerns about emissions.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Subaru of America, Inc. Earns Top Marks in 2009 Corporate Equality Index
CHERRY HILL, N.J., - Subaru of America, Inc., proudly announced that it has earned the top rating of 100 percent in the 2009 Corporate Equality Index (CEI), an annual survey administered by the Human Rights Campaign Foundation. Subaru joins the ranks of 259 other major U.S. businesses which get top marks for their treatment of lesbian, gay, bisexual, and transgender (LGBT) employees and consumers.
"We are very proud to accept this recognition. Due to the diverse insights, talents and perspectives our employees contribute, we have built a culture that is cohesive in operation, strong at heart and a company where our employees work with pride," said Tomohiko Ikeda, chairman, president and CEO, Subaru of America, Inc. "Together we hope to create a reputation of distinction, service and respect."
The CEI rated 583 businesses in total, evaluating LGBT-related policies and practices including non-discrimination policies, transgender health benefits and domestic partner benefits. Subaru's efforts in ensuring LGBT equality in each of the survey's main criterion earned it the prestigious 100 percent ranking.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Team TELMEX Rebounds and Finishes in Ninth Place at New Jersey Motorsports Park
MILLVILLE, N.J. - A single-car accident involving No.01 TELMEX Chip Ganassi Racing with Felix Sabates (CGRFS) driver Scott Pruett during Thursday’s promoter test day at New Jersey Motorsports Park (NJMP) saw the racing veteran and team recover in a rapid manner to score a top-10 finishing position (ninth) in Sunday’s race after missing Friday and Saturday practices and a qualification run.
Pruett was evaluated and released from a regional hospital after the accident on Thursday afternoon; he was later cleared to drive in Sunday’s race after being released from a specialist on Friday morning. Meanwhile, the No.01 team flew back to their Indianapolis shop to rebuild the No.01 TELMEX/Target 2008 Rolex 24 At Daytona winning car since the primary car was retired after the accident. After a 16-hour turnaround on Friday, the team returned to the east coast on Saturday and turned the first laps in the back-up car during Sunday morning’s final practice.
The No.01 Daytona Prototype (DP) started the race from pit lane in the timed two hour, forty-five minute event with Pruett at the helm and pitted under yellow on lap 2, which enabled the team to advance to second place by lap 20 when the leaders made their first stop. Pruett maintained a top-five running position during laps 20 through 54 as he avoided contact with a GT car and navigated through traffic. A caution on lap 54 pulled the TELMEX team off of their driver change pit strategy. Rojas got in the car on lap 57 and maintained a consistent top-10 running position and inherited positions as other drivers made errors throughout the remaining 48 laps and crossed the finish line in ninth place.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Consumer Reports Analysis: Buying a Late Model Used Car Can Save Thousands Over the...
YONKERS, N.Y., PRNewswire-USNewswire/ --- A new Consumer Reports study of owner costs shows that choosing a reliable three-year-old car instead of a new one can save drivers thousands of dollars over the first five years. In many cases, that's enough to pay for all the gas used during that time.
With relatively low mileage, modern safety and convenience features, and usually a much lower price than similar new vehicles, late-model used cars are in the sweet spot of auto deals.
On average, CR's findings show that consumers can save 32 percent in the first five years by buying a three-year-old car. Similarly, with a one or two-year-old car, they can save 19 and 27 percent, respectively.
According to the analysis, buying a 2005 Toyota Camry with a V6 engine, for example could save consumers about $13,000 over five years compared with buying a new 2008 version. At $4 per gallon, the driver could pay for all of his or her gas during that period (based on driving 12,000 miles per year) and still be almost $2,500 ahead.
Similarly, driving a 2005 Ford Focus can save more than $8,000 over the first five years, compared with buying the new Focus. And with demand for big SUVs plummeting and their used-car values dropping, drivers could save $25,500 over five years by buying a three-year-old Chevrolet Tahoe instead of a new one.
CR's five year owner costs are based on: Depreciation --- Calculated by using CR's Auto Price Service. Fuel costs --- $4 a gallon for regular gas and $4.20 for premium, based on driving 12,000 miles annually and CR's overall fuel economy for the vehicle. Insurance --- The cost of insuring an average driver based on data from the Insurance Institute for Highway Safety. Interest --- CR assumed buyers purchased cars with a 15 percent down on a five-year loan; www.Bankrate.com was the source for the average interest rate. Maintenance and repairs --- Data was taken from CR's 2007 Annual Auto Reliability Survey. Sales tax --- Calculated using the national average at the time of purchase.
"A reliable late-model used car can be one of the best values out there when buying a car," said Rik Paul, automotive editor, Consumer Reports. "Savvy shoppers can also get a more upscale model with more features for the same owner cost as a less expensive new car."
Source : http://www.automotive.com
(9/2/2008)
|
Energy Conversion Devices Appoints Alan E. Barton as Independent Director
ROCHESTER HILLS, Mich., PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) , the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced the appointment of Dr. Alan E. Barton to its Board of Directors, effective September 1, 2008. Dr. Barton is presently an Executive Vice President at Rohm and Haas.
"I am very excited about joining the Board of such a dynamic and fast growing company," said Dr. Alan Barton. "ECD has a tremendous reputation in the critically important solar market and has truly differentiated products based on outstanding technology. I am honored to become a member of the ECD team at such an important time for the company."
Mark Morelli, ECD's president and chief executive officer noted, "Alan brings extensive international strategic and operational expertise to ECD, and we are very fortunate to have Alan as one of our Board members. Alan's 24 year career in the chemical industry - a key element of our supply chain - will be of tremendous benefit to the company as we continue our rapid growth, and expand our leadership in the rooftop and building-integrated PV markets."
Dr. Barton joined Rohm and Haas in 1984 as a senior research scientist in the Agricultural Chemicals business. His 24-year career at the company includes experience in the areas of scientific research, product development, business development, sales and business management. Dr. Barton has extensive management experience in Europe as well as North America. He was elected a vice president of Rohm and Haas in 1999, and named to the Executive Council in 2001. Dr. Barton also oversaw the company operations in Asia-Pacific as regional director from 2004 to 2005. Dr. Barton holds a B.A. degree in Chemistry from Oxford University in the United Kingdom (1978), and a Ph.D. in Organic Chemistry from Harvard University (1984).
Source : http://www.automotive.com
(9/2/2008)
|
NICB President and CEO Robert M. Bryant to Retire
DES PLAINES, Ill., PRNewswire-USNewswire/ -- Susan Q. Hood, Claims Vice President, State Farm Mutual Automobile Insurance Company and Chair of the Board of Governors (BOG) of the National Insurance Crime Bureau (NICB) announced today that Robert M. "Bear" Bryant will retire as NICB President and Chief Executive Officer, effective at the close of business today, September 2, 2008.
At NICB, Mr. Bryant was the force behind the creation of Medical Fraud Task Forces and the Strategic and Tactical Information Department. He supported cutting-edge technology, such as license plate readers, bait cars and enhanced analytical tools for detecting fraud trends. He was an early and consistent voice nudging the NICB membership toward providing their salvage claims data to the public as a consumer protection against unsafe vehicles. His efforts materialized with the launch of NICB's member-supported VINCheckSM vehicle history service on June 30, 2008 -- a first-of-a-kind free benefit for the public.
In acknowledging the tenure of Mr. Bryant, Ms. Hood stated, "Mr. Bryant was responsible for remaking the NICB into the premier fraud-fighting organization it is today. His leadership, foresight and passion for excellence have touched every facet of NICB's operations delivering efficiency, effectiveness, and a return on member investment that has grown from 2:1 upon his arrival to 8:1 presently. This is truly phenomenal and I know I speak for the rest of the Board of Governors in wishing Mr. Bryant a satisfying and well-deserved retirement. He will be missed."
The NICB Board elected NICB's Chief Operating Officer, Joseph H. Wehrle, Jr. to succeed Bryant as president and chief executive officer effective at the close of business today, September 2, 2008. "I am honored by the confidence the NICB Board has placed in me and I am excited to have the opportunity to lead this great organization. Thanks to Bob Bryant, the NICB is operationally sound and ready to move to the next level in our continued effort to accomplish our mission of combating insurance fraud and vehicle theft.
"I stand committed to continuing the cooperation that NICB extends to all of our partners including our member insurance companies, the entire property and casualty industry, law enforcement, state fraud bureaus, trade associations and all organizations focused on reducing the impact of fraud on the American public," said Mr. Wehrle.
"As a West Point graduate and retired Air Force Lt. General with over 33 years of service to the nation, Joe Wehrle brings a tremendous record of leadership and accomplishment to the NICB. His ability to attack the fraud problem while leading the NICB benefits from his previous experience as president of USAA Property and Casualty Group. He is uniquely qualified to direct the efforts of the NICB as it extends its excellent record of performance into new and challenging areas of insurance fraud activity," said Ms. Hood.
About NICB: The National Insurance Crime Bureau is the nation's premier not-for-profit organization exclusively dedicated to preventing, detecting and defeating insurance fraud and vehicle theft through information analysis, investigations, training and public awareness.
Source : http://www.automotive.com
(9/2/2008)
|
Porsche Drives Web Site to New Level of Interaction
ATLANTA, - Until now, consumers have been able to "build" a car of their choice on almost every auto maker's Web site; however, to experience the true beauty of the new 2009 Porsche 911, Porsche Cars North America (PCNA) is taking its site's visitors to the next level of Internet interactivity by enabling them to draw their own roads and then "drive" on this virtual asphalt.
Developing the latest automotive advances has been a hallmark of the Porsche brand, and the company's new, innovative "micro-sites" use the most up-to-date digital technology to offer a sense of what driving a 2009 Porsche 911 is all about, as well as immerse visitors in the 911's features.
"Our goal was to go well beyond simply picking the colors and options on a new 911; the goal is to actually make it possible to have an engaging experience with the car that hints at what it is like to get behind the wheel," said David Pryor, PCNA's Vice President of Marketing. "You could say the technology available on our Web site is providing an engaging and clear way to communicate the technology in our car."
The latest version of the iconic Porsche, the updated for 2009 911, goes on sale September 20 and features significant advancements, including engines with direct fuel injection (DFI) and an optional seven-speed transmission called Porsche-Doppelkupplung (PDK), which is essentially two transmissions in one: an automatic that is actually a true manual that uses two automatically engaged clutches. The result is more power in the 911 model series with improved fuel efficiency, a development that helps Porsche meet today's demands for reducing environmental impact, yet maintain the brand's performance persona.
"Obviously, the best way to understand why this new technology is important is to drive the car; we think the second best way can be experienced by navigating the new web features," said Pryor. "Our goal is to deliver an unparalleled car-driver connection."
Source : http://www.theautochannel.com/
(9/2/2008)
|
Stephen Odell Appointed President and Chief Executive Officer of Volvo Car Corporation
GOTHENBURG -: Ford Motor Company today announced the appointment of Stephen Odell as president and chief executive officer of Volvo Car Corporation, replacing Fredrik Arp, who has decided to leave the company.
Effective Oct. 1, Odell, 53, will be responsible for Volvo's global operations out of its headquarters in Gothenburg, Sweden, and lead the company's drive toward sustained profitability through continued restructuring and the accelerated development of high-quality, fuel-efficient and safe vehicles in the premium end of the market.
Odell, who has played a key role in Ford of Europe's resurgence as its chief operating officer, will report to Lewis Booth, executive vice president of Ford Motor Company and chairman of Volvo Car Corporation, who will continue to oversee the strategic direction of Volvo.
"Stephen Odell brings to Volvo a wealth of experience of strong leadership in the automotive industry," said Alan Mulally, president and CEO, Ford Motor Company. "Given his strong track record at Ford, Jaguar and Mazda, the time is now right for Stephen to take up this new challenge at Volvo. I believe that Stephen is the right person - together with Lewis Booth and the Volvo Cars Management Team - to take Volvo forward and to return the business to sustainable profitability."
Booth thanked Fredrik Arp for his leadership of Volvo over the past three years, a period in which Volvo reduced costs and strengthened its product lineup despite a difficult business environment and challenges presented by adverse currency exchange rates and other external factors.
"Fredrik has steered the Volvo team through some difficult times since joining the company three years ago. His wide experience in business has been a strong asset in helping to develop and implement Volvo's plan to improve its business results.
"Fredrik has decided that now is the right time to hand over to a new president and CEO, Stephen Odell, who will lead the Volvo team through the next stage of its recovery."
Odell said he is excited to lead Volvo at an important time in the company's history.
"Volvo is one of the great iconic automotive brands," Odell said. "The very attributes that make Volvo distinctively Swedish – its heritage of safety, environmental concern and its Scandinavian design – appeal to customers around the globe. Our strategy is to enhance the premium nature of Volvo by further strengthening these attributes. Volvo really is the auto brand for today's customers.
"We have a restructuring plan in place that will help to deliver a more competitive business and that enables Volvo to continue to build upon its core strengths. Volvo will adopt a more stand-alone approach within Ford Motor Company, while still leveraging product development and purchasing synergies with other Ford operations."
Before he was appointed chief operating officer of Ford of Europe in April 2008 responsible for product development, manufacturing, purchasing, and marketing, sales and service operations, Odell served as Ford of Europe's vice president of marketing, sales and service for nearly three years.
Prior to that, he held several senior level positions at Mazda Motor Corporation from 2000 to 2005. From 1997 to 2000, Odell was vice president, marketing and sales, Jaguar North America. Stephen Odell joined Ford of Britain in 1980 as a graduate trainee. A native of London, he is married with two children.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Electric Cars Offer a Real Environmental Solution - New Poll Reveals Support For Electric Vehicles
AUTO CENTRAL –: Visitors to the popular advisory website, TheGreenCarWebsite.co.uk have revealed that they believe electricity could be the fuel of the future for their cars.
When asked “Is electricity a viable solution to fossil fuels?”, a staggering 93 per cent agreed that electricity could offer a real alternative to fossil fuels. However opinion divided over how the electricity should be generated, 49 per cent believed that it needed to be generated from renewable sources, whereas 44 per cent thought electricity was a viable solution for cars regardless of the originating source. Only a tiny seven per cent thought that electricity was not a suitable solution to fossil fuels for transport use.
While the debate rages about electric cars and precisely what environmental benefit they have, the response from TheGreenCarWebsite.co.uk visitors mirrors the wider social confusion over CO2 emissions, air pollutants and environmental impact.
While electric vehicles boast the advantage of having no direct emissions and therefore reducing localised air pollution and localised emissions of particulates and nitrogen oxides (NOx), traditional engines still have some advantages. Traditional combustion engines use a direct energy source making it easier to calculate their grams per kilometre of CO2. The end CO2 emissions for electric vehicles are more complex and are determined by the source the electricity is generated from. Electric vehicles and conventional petrol and diesel vehicles are improving in efficiency all the time, so the debate becomes more complex. Exact generation sources of electricity vary widely, from year to year and from country to country.
The Business Enterprise & Regulatory Reform (BERR) reports that UK electricity production in 2007 was 77 per cent generated from coal and gas. While it is unclear whether renewables alone could meet current energy demands, licensed electricity suppliers are committed to meet the UK’s Renewables Obligation of 15.4 per cent of electricity produced from renewable sources by 2015/16.
How the car industry will respond to the challenge of returning maximum miles for minimum energy input is still being decided. In meantime support for electric cars has so far provided a market opening for a host of new car brands, from G-Wiz to Tesla. The results of TheGreenCarWebsite.co.uk poll show that although consumers may have high expectations for the greening of electricity production, public belief in the environmental potential of the electric car is still very much alive.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Bosch Automotive Aftermarket to Acquire the Friction Business of the Morse Group
STUTTGART, Germany and CHICAGO, - Bosch has announced it plans to acquire the brake friction business of the Morse Automotive Corporation headquartered in Chicago, Illinois. The price of the acquisition was not disclosed. The transaction is subject to the approval of antitrust authorities. The Morse Group develops, manufactures, and markets pads for disc brakes and linings for drum brakes, as well as brake calipers, predominantly for the North American market. In fiscal 2007, its 1,640 associates generated sales of $157 million (roughly 115 million euros).
"For us, the brake products business is a strategic growth area, and we consider brake pads to be a key element of this portfolio," said Robert Hanser, president of the Bosch Automotive Aftermarket division. "The acquisition of Morse's friction business is our entry into the production of brake pads, as well as an opportunity to expand our position in the North American market in a way which is consistent with our overall strategy." Bosch plans to take over existing contracts with customers of Morse.
New business unit formed for brake systems
The business acquired from the Morse Group is set to be integrated into the Bosch Automotive Aftermarket division, in a new business unit called Braking Systems. The Morse Group plans to continue all of its other existing aftermarket activities, such as the brake caliper business.
Apart from sales and marketing of automotive parts, the main focus areas of the Bosch Automotive Aftermarket division are automotive workshop equipment and the workshop concept Bosch Car Service. In fiscal 2007, the 5,000 associates of the Bosch Automotive Aftermarket division generated sales of approximately $4.8 billion (roughly 3.5 billion euros).
Source : http://www.theautochannel.com/
(9/2/2008)
|
Detroit Electric's Electric Car Hits the Road Again After 100 Year Absence
SHAH ALAM, Malaysia, Detroit Electric in Search for Manufacturing Partners to Roll out Electric Cars by 2009
Detroit Electric is making a come back in a big way with plans to progressively roll out affordable electric vehicles worldwide by the end of 2009. The historic electric car brand held a regional media conference today to introduce electric car technology and unveil its business and manufacturing plans moving forward.
As part of the Malaysian Government's initiative to tackle rising fuel prices and the search for green alternative transportation, Detroit Electric's electric vehicle has been identified as one of the potential progressive innovative ways to tackle the on-going concerns. National car maker Proton has been requested by Prime Minister YAB Datuk Seri Abdullah Badawi to test and validate Detroit Electric's technology and explore the potential to collaborate to create a range of pure electric cars.
"The Malaysian Government is taking proactive measures to provide efficient and reliable alternative transportation to the people. Detroit Electric is working closely with them and we hope to provide a sustainable solution," said Albert Lam, Chairman and CEO of Detroit Electric.
"USD5 million has been invested in research and development over the past two and half years at our R&D facility in the Netherlands to develop this technology for electric vehicles. After months of hard work and search for strategic partners and new shareholders, Detroit Electric has now emerged with scaleable and durable electric drive systems solution ready to deliver affordable everyday electric cars."
Proton is kind enough to lend us the test track, so members of the media had the opportunity to experience the driving power and pleasure of pure electric cars. Detroit Electric has to date integrated its electric drive systems into Lotus Elise's, two Proton passenger cars, Daihatsu-Cuore and VW Golf, with the intent to use these electric drive systems to development pure electric vehicles for volume production within the next 18 months.
Lam said that Detroit Electric is currently exploring the potential to license from Proton and Lotus their vehicles and platforms, amongst others, to create pure electric vehicles under the Detroit Electric Brand.
Apart from technology for passenger cars, Detroit Electric has plans to roll out electric buses which will be in deployed in Europe and Asia by the end of 2009.
“We believe that cars driven on renewable electric energy are the future of transportation, in light of worldwide environmental and rising fuel price issues. Our pure electric cars are environmentally friendly with 0% emission and performance on par with gasoline cars,” Lam said.
Detroit Electric is also planning to open an engineering and research & development centre outside of the Netherlands; and Malaysia has been earmarked as one of its possible locations.
“Datuk Seri Abdullah Badawi’s vision and support in the use and development of green technology has created a fertile environment for a business such as ours. We are looking forward to a possible long term partnership with Malaysia moving forward,” Lam said.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Continuously Improving Safety at Panasonic Toyota Racing
COLOGNE -: Safety is the top priority for the Panasonic Toyota Racing Formula 1 team. A concerted effort from teams and the FIA (Federation Internationale de l’Automobile) has drastically improved the protection offered to drivers and bystanders. Through innovations such as the head and neck safety (HANS) device, cockpit padding and advanced crash structures, safety has advanced greatly but research continues to offer even greater protection.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Aston Martin to revive Lagonda brand
Aston Martin will revive the legendary Lagonda name from 2012, using it to launch a whole new range of large luxury models.
The revival of Lagonda is seen as crucial to the expansion of Aston Martin's product portfolio beyond sportscars and into high-performance, luxury saloons.
Lagonda was founded in Staines, Middlesex in 1906, and was incorporated into Aston Martin after the Second World War.
The first Lagonda concept car will be shown in 2009, with sales set to begin in 2012. It is expected the brand could push Aston Martin into up to 70 new countries, including the lucrative Russian market.
The Lagonda designs are yet to be finalised, but Aston Martin boss Ulrich Bez has said the cars will have a unique look and be 'exclusive, luxurious and truly versatile products'.
Source : http://www.whatcar.co.uk
(9/2/2008)
|
Convoy of Subarus Stretches 30 Miles in Honor of Rally Driver Colin McRae
BANBURY, England — Nearly two years after his death, fans of Colin McRae turned up with more than 1,000 Subarus to celebrate the life of the Scottish rally star with a record-setting convoy.
The convoy was led by McRae's father, Jimmy McRae, and traveled 9 hours and 300 miles from McRae's hometown to the headquarters of Prodrive in honor of the rally hero. McRae was the first Briton to win the World Rally Championship Driver's title and helped the Prodrive-led Subaru factory rally team win three straight WRC Constructors' titles. He was killed in a helicopter crash in September 2007.
At the Prodrive headquarters, 1,086 Subarus were arranged to spell McRae's name and form the Scottish flag, stretching more than half a mile in length and setting a world record. A second world record was set for the largest parade of cars as the Subarus left from the Prodrive test track. An estimated $70,000 was raised for McRae charities at the event.
Source : http://www.edmunds.com
(9/2/2008)
|
Suzuki GB Further Strengthens PR Team
MILTON KEYNES –: Suzuki GB PLC has appointed Simon Wittenberg as Press and PR Manager – Automobiles Division. He joins from London-based Automotive PR, the leading PR business focused on the motor industry in Europe, where he held the position of Account Manager since 2006.
During this time, he worked on the re-introduction of the MG brand in both China and the UK, and was also responsible for the recent press launch of the Tesla Roadster, the world’s first electric sports car.
Prior to this, he spent three years at Group Lotus in Norfolk, completing their graduate programme, before being appointed Press Officer for Lotus Cars.
Simon graduated with a First Class BA Honours degree in European Management from the University of Westminster in the UK, and from the ESC Marseille-Provence business school in France. He worked on the BTCC and Honda motorsport PR accounts in London, and also the Chrysler Le Mans 24 Hour entry.
Simon will report to Alun Parry, Head of Press and PR, and will work alongside Rachelle Green, Press and PR Co-ordinator – Automobiles Division. Rachelle is responsible for all press fleet bookings and press launch events.
Commenting on his arrival, Simon Wittenberg explains: “It is a privilege to join such a fun, and dynamic brand like Suzuki, and I am looking forward to working on the ever-expanding fun and sporty product range. It promises to be a very exciting future.”
Source : http://www.theautochannel.com/
(9/2/2008)
|
History Indicates Indy Victory Could Push Rider To Motogp Title
INDIANAPOLIS, Tuesday,– Don’t be surprised if the winner of the inaugural Red Bull Indianapolis GP on Sept. 14 at the Indianapolis Motor Speedway also captures the MotoGP World Championship this season.
The Brickyard always has been a superb barometer of champions.
Winning at Indianapolis has been a good indicator of season success in every major series that has raced at the historic facility. A breakdown:
•Indianapolis 500 (1911-16, 1919-41, 1946-2007): Thirty-three of 91 winners also captured a major open-wheel series title in the same season, a “double” strike rate of 36 percent.
•Allstate 400 at the Brickyard (1994-2007): Six of 14 winners also captured the top-level NASCAR season title in the same season, a “double” strike rate of 43 percent.
•United States Grand Prix at Indianapolis (2000-07): Three of eight winners also captured the Formula One World Championship in the same season, a “double” strike rate of 38 percent.
While those numbers are impressive, the names of the competitors who have achieved them are even more significant. Legends like A.J. Foyt, Rick Mears, Al Unser, Bobby Unser, Mario Andretti, Johnny Rutherford, Bobby Rahal, Al Unser Jr., Wilbur Shaw, Louis Meyer, Emerson Fittipaldi, Jeff Gordon and Michael Schumacher are among those who have pulled off the Indy victory/season title “double.”
So the addition of five-time MotoGP World Champion Valentino Rossi or reigning World Champion Casey Stoner to that list would be entirely fitting if either wins the Red Bull Indianapolis GP and the MotoGP World Championship this season. Rossi leads Stoner by 75 points with five races remaining this season, as their head-to-head duel for the title has been a compelling storyline this summer.
On-track action for the Red Bull Indianapolis GP starts Friday, Sept. 12 and continues Saturday, Sept. 13, with racing all day Sunday, Sept. 14
Source : http://www.theautochannel.com/
(9/2/2008)
|
Bosch Automotive Aftermarket to Acquire the Friction Business of the Morse Group
STUTTGART, Germany and CHICAGO, PRNewswire/ -- Bosch has announced it plans to acquire the brake friction business of the Morse Automotive Corporation headquartered in Chicago, Illinois. The price of the acquisition was not disclosed. The transaction is subject to the approval of antitrust authorities. The Morse Group develops, manufactures, and markets pads for disc brakes and linings for drum brakes, as well as brake calipers, predominantly for the North American market. In fiscal 2007, its 1,640 associates generated sales of $157 million (roughly 115 million euros).
"For us, the brake products business is a strategic growth area, and we consider brake pads to be a key element of this portfolio," said Robert Hanser, president of the Bosch Automotive Aftermarket division. "The acquisition of Morse's friction business is our entry into the production of brake pads, as well as an opportunity to expand our position in the North American market in a way which is consistent with our overall strategy." Bosch plans to take over existing contracts with customers of Morse.
New business unit formed for brake systems
The business acquired from the Morse Group is set to be integrated into the Bosch Automotive Aftermarket division, in a new business unit called Braking Systems. The Morse Group plans to continue all of its other existing aftermarket activities, such as the brake caliper business.
Apart from sales and marketing of automotive parts, the main focus areas of the Bosch Automotive Aftermarket division are automotive workshop equipment and the workshop concept Bosch Car Service. In fiscal 2007, the 5,000 associates of the Bosch Automotive Aftermarket division generated sales of approximately $4.8 billion (roughly 3.5 billion euros).
The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 271,000 associates generated sales of over 46.3 billion euros (over $63 billion) in fiscal 2007. The Bosch Group comprises Robert Bosch GmbH and its more than 300 subsidiaries and regional companies in roughly 50 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Each year, Bosch spends more than 3 billion euros for research and development, and applies for over 3,000 patents worldwide. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as "Workshop for Precision Mechanics and Electrical Engineering."
In North America, the Bosch Group manufactures and markets automotive original equipment and aftermarket products, industrial automation and mobile products, power tools and accessories, security technology, thermo-technology, packaging equipment and household appliances. Bosch employs approximately 25,000 associates in more than 70 locations throughout the U.S., Canada and Mexico, with reported sales of $9.5 billion in fiscal 2007.
Source : http://www.automotive.com
(9/2/2008)
|
OEM Panel Spotlights Training Information Availability at NASTF Meeting
LEESBURG, Va., PRNewswire-USNewswire/ -- The National Automotive Service Task Force (NASTF) Fall general meeting in Las Vegas at the Mandalay Bay on Tuesday, November 4, 2008 at 1:30 pm will offer attendees a panel discussion outlining the various training information resources available to the aftermarket. "The panel discussion will involve OEM representatives from the major vehicle manufacturers," said Charlie Gorman, NASTF Chairman. "The presentations will include information on a variety of training material, available in different formats, which will help aftermarket technicians prepare for the vehicle systems that will challenge them today and in the near future."
The full list of participating OEM carmakers is still being confirmed and will be made available prior to the NASTF meeting. In addition to the panel discussion, the NASTF general meeting will offer committee reports and organization updates, along with allowing participants the opportunity to provide input and comment directly to NASTF. "We encourage and invite all automotive professionals to attend and participate. No registration is necessary," said Gorman.
NASTF was established in 2000 to maintain an open dialogue between automobile manufacturers (or OEMs) and aftermarket repair technicians and to identify, communicate and resolve gaps in the availability and accessibility of automotive service information, service training, diagnostic tools, and equipment for the benefit of automotive service professionals and their customers. NASTF was incorporated in 2006. Additional details can be found at www.nastf.org.
As a 501(c)6 not-for profit organization, NASTF takes no position on any legislation that may be proposed or pending in state or national legislative bodies.
Source : http://www.automotive.com
(9/2/2008)
|
Zytek and Corsa To Race a Hybrid Gas-Electric Prototype in Le Mans Series
FRADLEY, England — Zytek Engineering is working with Corsa Motorsports of Salt Lake City to develop what is hoped to be the first gasoline-electric hybrid to compete in the 24 Hours of Le Mans.
Plans are for the Le Mans Prototype 1 (LMP1) vehicle to compete for the first time in the Petit Le Mans, part of the American Le Mans Series, next month, and in the series finale, leading to a two-car campaign in 2009.
Zytek is the developer of the hybrid powertrain technology used by the Smart, Lotus Elise, Toyota Prius, Chevrolet Silverado pickup and other passenger vehicles. The racecar uses a version of the Kinetic Energy Recovery System (KERS) being developed by Formula 1 teams.
Zytek boss Bill Gibson wants to enter the car in the last two ALMS events this year, before a two-car campaign in 2009, including the Le Mans 24 Hours.
"We want to be the first to race a hybrid at Le Mans," Zytek's Bill Gibson told Autosport magazine. "We want to pull it off before one of the big manufacturers does."
"This is not a light hybrid system that you'd find in a Prius," Corsa owner Steve Pruett told the Detroit Free Press. "This was built specifically for the rigors of racing, and we think that eventually we'll see that [technology] transferred to road cars."
Zytek worked with ALMS founder and sports car manufacturer Don Panoz of Braselton, Georgia, to develop a hybrid GT machine that was entered at Le Mans in 1998. That car was withdrawn because of weight problems with the car's batteries.
Zytek competes as a factory team in the American and European Le Mans series. Johnny Mowlem, who raced for Zytek in 2006 and now competes in a Corsa entry, has test-driven the prototype.
The hybrid would give ALMS a fourth alt-fueled racing car, with vehicles using E10 and E85 gas-ethanol blends and the diesel-powered Audi entries.
Source : http://www.edmunds.com
(9/2/2008)
|
Coast Distribution System Declares Cash Dividend for Third Quarter 2008
MORGAN HILL, Calif., - The Coast Distribution System, Inc. (AMEX:CRV) announced its Board of Directors declared its 2008 third quarter dividend of $0.03 per share, to be paid on Sept. 30, 2008 to shareholders of record as of Sept. 16, 2008.
"We continue to anticipate that the second half of 2008 may be a difficult period in our markets based on the prevailing conditions in the recreational vehicle and marine industries," said James Musbach, President and CEO of Coast. "We also are continuing the careful management of our assets in these turbulent times, including our cash in particular. That being said, we still believe that Coast's dividends reflect the Board's confidence in our long-term growth, and our commitment to enhance stockholder value."
This dividend marks the fifteenth consecutive quarterly cash dividend since Coast's Board of Directors established the dividend policy in Feb. 2005. On June 27, 2008, Coast paid its second quarter 2008 dividend of $0.03 per share.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Tata Motors` rights issue to open around September end
Tata Motors, the country`s largest automobile company, today announced the terms of the Rights issue of the ordinary shares and A ordinary shares. The terms are subject to the approvals of SEBI, Reserve Bank of India and all other appropriate authorities as may be necessary and/or subject to such conditions as may be imposed by any of them while granting such approvals, which may be agreed to by the board of directors and / or a committee thereof.
The committee of directors today approved the terms of simultaneous and unlinked issue of ordinary shares on a Rights basis in the ratio of 1 ordinary share for every 6 shares held. The ordinary shares would be issued at a price of Rs 340 a share of face value of Rs 10 each aggregating Rs 21.86 billion.
While `A` ordinary shares would be issued on a Rights basis in the ratio of 1 ordinary share for every 6 shares held. The `A` ordinary shares would be issued at a price of Rs 305 a share of face value of Rs 10 each aggregating Rs 19.61 billion.
The `A` ordinary shares would have differential rights as to voting and dividend i.e. the `A` ordinary shareholder shall be entitled to one vote for every ten `A` ordinary Shares held and will be entitled to receive dividend at 5% more than the rate of dividend declared on the ordinary shares.
The proposed issue, subject to the necessary regulatory approvals / process, is slated to open around September end, 2008. The proceeds of the issue would be used to prepay part of the short term bridge loan availed by its subsidiary for financing the acquisition of Jaguar Land Rover from Ford, which was completed on Jun. 2, 2008.
Source : myiris.com
(9/2/2008)
|
Subaru of America, Inc. Earns Top Marks in 2009 Corporate Equality Index
CHERRY HILL, N.J., PRNewswire/ -- Subaru of America, Inc., proudly announced that it has earned the top rating of 100 percent in the 2009 Corporate Equality Index (CEI), an annual survey administered by the Human Rights Campaign Foundation. Subaru joins the ranks of 259 other major U.S. businesses which get top marks for their treatment of lesbian, gay, bisexual, and transgender () employees and consumers.
"We are very proud to accept this recognition. Due to the diverse insights, talents and perspectives our employees contribute, we have built a culture that is cohesive in operation, strong at heart and a company where our employees work with pride," said Tomohiko Ikeda, chairman, president and CEO, Subaru of America, Inc. "Together we hope to create a reputation of distinction, service and respect."
The CEI rated 583 businesses in total, evaluating LGBT-related policies and practices including non-discrimination policies, transgender health benefits and domestic partner benefits. Subaru's efforts in ensuring LGBT equality in each of the survey's main criterion earned it the prestigious 100 percent ranking.
Source : http://www.automotive.com
(9/2/2008)
|
Two-door BMW 335i coupe gets DCT box
BMW will offer its Dual-Clutch Transmission gearbox on the 335i Coupe and Convertible models.
The 'box is currently available on only M3 models, but the two-door 335i models will get the gearbox this month.
However it will differ from the box on the M3 because it won't have 'Drive Logic', the technology that allows the driver to change the speed of the gearchanges.
Instead the DCT box will have a standard and 'Sports' setting.
Prices haven't been announced yet, but expect the DCT box to add a £1600 premium over manual models.
Source : http://www.whatcar.co.uk
(9/2/2008)
|
Continuously Improving Safety at Panasonic Toyota Racing
COLOGNE -: Safety is the top priority for the Panasonic Toyota Racing Formula 1 team. A concerted effort from teams and the FIA (Federation Internationale de l’Automobile) has drastically improved the protection offered to drivers and bystanders. Through innovations such as the head and neck safety (HANS) device, cockpit padding and advanced crash structures, safety has advanced greatly but research continues to offer even greater protection.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Continuously Improving Safety at Panasonic Toyota Racing
COLOGNE -: Safety is the top priority for the Panasonic Toyota Racing Formula 1 team. A concerted effort from teams and the FIA (Federation Internationale de l’Automobile) has drastically improved the protection offered to drivers and bystanders. Through innovations such as the head and neck safety (HANS) device, cockpit padding and advanced crash structures, safety has advanced greatly but research continues to offer even greater protection.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Tata Motors shutdown at Singur continues
The shutdown at the Tata Motors small car project site in Singur continued for the fifth day on Tuesday, September 01.
The management did not consider the atmosphere conducive for normal work with the Trinamool Congress dharna entering its tenth consecutive day.
Meanwhile, movement of vehicles on the Durgapur Express highway reduced this morning as more people were thronging the dharna site.
Source : myiris.com
(9/2/2008)
|
PGA TOUR Pro Bubba Watson's Golf Ball Drive Attempt Across Mississippi River Falls...
ST. LOUIS, PRNewswire/ -- PGA TOUR pro Bubba Watson, the TOUR's leader in average distance per drive, today welcomed the BMW Championship to St. Louis by attempting to drive a golf ball over the Mississippi River -- ceremonially kicking off the BMW Championship. Unfortunately, in the shadow of the St. Louis Arch, Watson's 560-yard shot-attempt fell short and landed in the Mighty Mississippi as Rams Wide Receiver Dane Looker and Punter Donnie Jones -- who both also attempted to drive the ball to Illinois -- looked on.
The BMW Championship, the third leg in the PGA TOUR's Playoffs for the FedExCup, will take place at Bellerive Country Club in St. Louis from September 2-7th. BMW offered to donate an Evans Scholarship in the name of each athlete able to succeed at the feat. Evans Scholarships are awarded to deserving high school caddies and provide full tuition and housing grants. Despite not clearing the river, Watson, who is passionate supporter of the Evans Scholars, announced that he will donate $10,000 to the Foundation.
Since its founding in 1930, the Evans Scholars Foundation has provided more than 8,600 Evans Scholarships to golf caddies across the U.S. BMW donates all proceeds of the BMW Championship to the Evans Scholars Foundation. Last year, those proceeds totaled $2.4 million.
"We congratulate Bubba Watson on attempting to make such a dramatic shot -- and thank him for helping us ceremonially kick-off what we are sure is going to be a great BMW Championship," said Jim O'Donnell, president of BMW of North America.
Last year the PGA TOUR and the Western Golf Association announced that starting in 2008, the BMW Championship would travel to some of the premiere golf courses in the Midwest every other year. After this year's BMW Championship in St. Louis the tournament will return to Chicago in 2009 and every second year thereafter. The tournament will be played in Indianapolis at the Crooked Stick Golf Club in 2010 and at a yet to be determined location in 2012.
Source : http://www.automotive.com
(9/2/2008)
|
China Automotive Systems Wins ChangAn Auto Contract
WUHAN, Hubei, China, Xinhua-PRNewswire-FirstCall/ -- China Automotive Systems, Inc. , a leading power steering components and systems supplier in China, today announced that its subsidiary, Jingzhou Henglong Automotive Parts Co. ("Henglong"), has signed a supply agreement with ChangAn Auto Co. Ltd. ("ChangAn Auto").
Beginning in February 2007, Henglong started developing prototype power steering systems for ChangAn Auto. After more than a year of development and testing, Henglong has successfully developed 4 different models of hydraulic power steering systems and one model of Electronic Power Steering for ChangAn Auto. Henglong is now a power steering system supplier to ChangAn Auto's CV6 model. It is estimated that Henglong will ship steering gears for the other 3 models in late 2008. Total shipments to ChangAn Auto for 2008 will be approximately 30,000 total units.
Mr. Qizhou Wu, Chief Executive Officer of China Automotive Systems, stated, "We view the ChangAn win as an important milestone as ChangAn Group is one of the largest auto manufacturing groups in China with a number of successful joint ventures with global auto makers. We see this as a good opportunity for us to break into another well established network."
According to the China Association of Automobile Manufacturers, ChangAn Auto Co. Ltd. produced and sold around 50,000 sedans and 250,000 SUVs in 2007. ChangAn Group has been consistently ranked as a top 5 automaker in China for many years.
Source : http://www.automotive.com
(9/2/2008)
|
SuperTurboSeat
When we drove the three-door Seat Ibiza - or SportCoupe, as the Spaniards would have it - a couple of months back, we couldn't help wishing for a bit more power.
So, in answer to our prayers, here be the Seat Ibiza Cupra, set to launch at the Paris motor show early next month before going on sale in the UK early next year.
Looking closer to the Bocanegra concept than the stock SportCoupe thanks to a sharper grille, revised air intakes and a centre-mounted exhaust, it's another handsome effort from Seat, and should be a proper larf on the road thanks to a 178bhp 1.4-litre TSI engine.
That's T for turbocharged and S for supercharged, which is good news for low-end shove and also for emissions.
We've no word on performance yet, but expect it to be bothering the Vauxhall Corsa VXR, which'll hit 60mph in just under seven seconds.
The Cupra should be a touch cheaper than the Corsa, too - we'd expect prices south of 16 grand... including VW's seven-speed DSG box as standard. And some nice bucket seats and big alloys too, if you ask nicely.
We'll get a closer look at the Ibiza Cupra in Paris in just a few weeks' time. The show's shaping up nicely, eh?
Source : http://www.topgear.com
(9/2/2008)
|
Pininfarina and Bollore's Joint All-Electric Car Still on, May Get Its Lithium From Bolivia
PARIS — Bolloré, the French conglomerate working with Italian design firm Pininfarina on an all-electric car project called Blue Car, is going ahead with plans to build the car, company chief Vincent Bolloré confirmed to media on Monday here. There had been speculation that the death last month of Pininfarina CEO Andrea Pininfarina could mean the end of the project. Reuters cited an executive with the French company as saying orders would begin to be taken next summer.
Separately, it appears Bolloré is going far afield in a search for the lithium to power the car's lithium-polymer batteries, an innovation of the French company. French business publication Usine Nouvelle reports the company is looking at taking an interest in a lithium mine in the Uyuni region of Bolivia.
This part of the South American country is located on a former salt lake and is, the paper reports, "the largest salt desert on the planet, containing an estimated one-third of the world's lithium reserves." Mitsubishi was named as another company interested in the region in the news report.
The future of the Blue Car project had been in question since Andrea Pininfarina's death in a moped-car collision in Turin. Whether or not the lithium for its batteries is sourced from Bolivia, the French company reportedly plans to produce 10,000 batteries for the new car each year in the Brittany region of France. The Blue Car battery is targeted to have a 124-mile driving range between charges.
Source : http://www.edmunds.com
(9/2/2008)
|
Tragic Lamborghini Crash in California
WOODLAND HILLS, California — A Lamborghini apparently driven recklessly led to the death of its 30-year-old driver in a fiery freeway crash and the closing of the road for several hours. The 2:30 a.m. Saturday accident on California's 101 freeway saw the lime-green 2008 Lamborghini Murciélago crash through a guardrail and fall over the side of the freeway into a parking structure, where it burst into flames, local media reported.
The driver, a man from Calabasas, was pronounced dead on the scene. His name was not released at the time of the accident, pending notification of relatives. Witnesses cited by the Los Angeles Times and local television said the Lamborghini was spotted driving at high speed on the Ventura Freeway west of Topanga Canyon Boulevard just before the crash. At least one news report said there was some possibility, now under investigation, that the driver lost control when trying to avoid another accident on the highway.
It took six hours for workers to clear the completely burned-out wreckage from the scene, closing the freeway until about 8:45 a.m., the paper said.
Source : http://www.edmunds.com
(9/2/2008)
|
Bosch and Samsung Joint Venture for Lithium-ion Batteries Starts Operations
STUTTGART/SEOUL –: The fifty-fifty joint venture "SB LiMotive Co. Ltd." of Bosch and Samsung SDI has started its operations on September 1, 2008. The objective of the new company is to develop, manufacture, and sell lithium-ion batteries for automotive applications. It is planned to start series manufacturing of highly efficient lithium-ion battery systems customized to automotive requirements and to market them worldwide in 2011. To achieve this, the joint venture partners will jointly invest between 300 and 400 million dollars in the next five years. The new company will be led by Youngwoo Park (Samsung SDI), who will be in charge of finance, production, sales, and purchasing, and Dr. Joachim Fetzer (Bosch), who will be responsible for engineering and quality. A few days ago, Bosch and Samsung SDI received the approval from all relevant authorities for the establishment of the joint venture.
SB LiMotive is headquartered in Suwon, South Korea. This will also apply initially to battery cell development. Further, initial production of lithium-ion cells is also planned in Korea. Roughly 100 associates will be located there. In Germany, a subsidiary based in Stuttgart will be established. At first, 40 associates will work there in sales, marketing and system engineering. The location of the manufacturing sites for battery systems will be announced at a later date.
Lithium-ion batteries are the basis for forward-looking technologies in the automobile, such as hybrid or electric drives. Bosch and Samsung expect a market volume of some three million hybrid vehicles by 2015. The prime objective of the joint venture is to optimize lithium-ion battery technology to meet the exacting requirements associated with the automobile – with respect to power density and safety, for example – and in this way to allow purely electrically powered driving over longer distances.
Source : http://www.theautochannel.com/
(9/2/2008)
|
China Automotive Systems Wins ChangAn Auto Contract
WUHAN, Hubei, China, - China Automotive Systems, Inc. , a leading power steering components and systems supplier in China, today announced that its subsidiary, Jingzhou Henglong Automotive Parts Co. ("Henglong"), has signed a supply agreement with ChangAn Auto Co. Ltd. ("ChangAn Auto").
Beginning in February 2007, Henglong started developing prototype power steering systems for ChangAn Auto. After more than a year of development and testing, Henglong has successfully developed 4 different models of hydraulic power steering systems and one model of Electronic Power Steering for ChangAn Auto. Henglong is now a power steering system supplier to ChangAn Auto's CV6 model. It is estimated that Henglong will ship steering gears for the other 3 models in late 2008. Total shipments to ChangAn Auto for 2008 will be approximately 30,000 total units.
Mr. Qizhou Wu, Chief Executive Officer of China Automotive Systems, stated, "We view the ChangAn win as an important milestone as ChangAn Group is one of the largest auto manufacturing groups in China with a number of successful joint ventures with global auto makers. We see this as a good opportunity for us to break into another well established network."
According to the China Association of Automobile Manufacturers, ChangAn Auto Co. Ltd. produced and sold around 50,000 sedans and 250,000 SUVs in 2007. ChangAn Group has been consistently ranked as a top 5 automaker in China for many years.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Target Chip Ganassi Racing and Dan Wheldon Agree to Part Ways
INDIANAPOLIS, Ind.– Target Chip Ganassi Racing (TCGR) and Dan Wheldon, driver of the No. 10 Target Honda Dallara in the IndyCar Series, announced today they have agreed to part ways.
Chip Ganassi:
“Dan Wheldon has done everything this organization has asked of him. He was competitive from the moment that he stepped into the car for us back in 2006 and has provided Target Chip Ganassi Racing many highlights over his three years with the team. Dan is a class act both on and off the track and we wish him nothing but the best.”
Dan Wheldon:
"I have enjoyed these last three seasons with Target Chip Ganassi Racing, but will be moving on to pursue a very exciting opportunity for 2009.
I want to personally thank Target and the whole Chip Ganassi Racing organization for the success and enjoyment we shared together. With that said, I will certainly miss my working relationship with Scott Dixon and wish him and the team all the best for this weekend at Chicagoland.
I will be announcing my plans for next season in the near future. In the meantime I want to focus my efforts on winning the last race of the season. I wish the team well for 2009 and beyond."
Source : http://www.theautochannel.com/
(9/2/2008)
|
Volvo Launches Ultimate Factory Built Police Car
CHELTENHAM –: Volvo is unveiling the ultimate factory-built police car today (2 September 2008) at the National Association of Police Fleet Manager’s (NAPFM) Conference in Cheltenham.
The Volvo V70 police car was designed and developed in conjunction with the NAPFM, National Police Improvement Agency, Police Federation and users. Volvo will build the fully equipped V70 estate on the standard production line in Torslanda, Sweden, offering a turn key solution to the British Police Force.
Volvo believes this is the first time a fully equipped frontline UK police car has been available to factory order and is confident of immediate interest from authorities who have been used to a car spending several months having special kit fitted before being able to put it into service. Customers can expect delivery of their Volvo V70 Turn Key police car within 12-14 weeks from their initial order.
All elements of the new Volvo V70 Turn Key police car are factory built for UK forces from the battenburg livery and lightbar to all radio prep/wiring and a master control panel. The factory fitted options list reads slightly differently to usual and includes the VASCAR speed detection system, a police surveillance video camera and a two dog cage.
This is added to Volvo’s already unique tried and tested police chassis, which includes self levelling suspension and special 17.5 inch brakes and reinforced alloy wheels which further improve stopping distances and brake disc cooling.
With Duty of Care being at the top of the wish list for all police authorities, having a car that is fully designed, built and supported in the aftermarket by the manufacturer is another huge plus point for the Volvo V70 Turn Key.
Volvo first announced its intentions to design and build the ultimate Turn Key police car at last year’s NAPFM conference. Now, 12 months on, after taking into consideration the wish lists of all UK police authorities, Volvo has delivered the complete car with a range of petrol, diesel and FlexiFuel engines.
“Volvo has worked with its partners to deliver what police forces want from a typical patrol car and we are confident it will be a big hit. Being able to factory order a car and know it will be ready for immediate action when it arrives is a significant benefit and it also addresses the Duty of Care commitments of police authorities. We believe this car takes the UK police market to a new level,” said Sarah Tottle, Volvo UK’s special vehicles manager.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Bentley Announces New Bucharest Dealership
CREWE, England and BUCHAREST, -: Bucharest, once known as ‘Little Paris’, now has its own symbol of luxury retailing. Bentley Motors, the British manufacturer of hand-built luxury sports cars and grand tourers, appointed its latest dealership in Romania’s capital city on September 1 2008. The dealership is owned and run by Porsche Romania, the country’s largest importer, which was founded in November 1997 and today imports Audi, Porsche, SEAT, Skoda and Volkswagen vehicles. Porsche Romania has been an authorised Bentley repairer since September 2007: its appointment as a full dealership marks a logical progression in the relationship and is a tribute to the growing importance of Romania as a market for luxury brands.
The appointment marks the latest phase in the global expansion of Bentley as a high-luxury brand. Since becoming part of the Volkswagen Group in 1998, Bentley Motors’s output has grown from annual sales of around 1,000 to around 10,000 cars last year. The arrival of the Continental Series family in 2003 has been central to the company’s success. Today the company’s production can be divided into two ranges. The Arnage four-door, the Brooklands coupé and the Azure are built in limited quantities to bespoke order and are powered by Bentley’s iconic 6.75-litre V8 engine. The Continental family, which includes the Continental GT coupé, the four-door Continental Flying Spur and the Continental GTC open tourer, feature all-wheel drive and a 12-cylinder, 6-litre powerplant. Recent additions to the range include the Continental GT Speed and Continental Flying Spur Speed; each develops 610PS and can attain top speeds in excess of 322 km/h.
At present the new dealership, Bentley Bucuresti, operates from the importer’s Porsche Bucuresti Nord facility whilst construction work continues on a stand-alone Bentley showroom and workshop. It is anticipated that the facility will open for business in the second quarter of 2009. Bucharest is currently enjoying an economic resurgence: the city's strong economic growth has revitalised infrastructure and led to the development of many shopping malls, modern residential towers and high-rise office buildings. In the luxurious showrooms of Bentley Bucuresti, Romania’s high achievers will find further confirmation of their country’s growing prosperity.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Half Price Motoring with Proton's New Dual-Fuel ecoLogic Range
BRISTOL, England - Proton has expanded its GEN-2 range with the addition of two dual fuel models able to run on either petrol or LPG (liquefied petroleum gas).
At around 58p per litre, LPG has become an increasingly attractive alternative following the huge rise in the cost of petrol and diesel, but to convert your car to run on LPG currently costs between £1,500-£2,000. However, there’s finally some good news for the motorist in Proton’s new ecoLogic GEN-2. At exactly the same price as its petrol equivalent, Proton’s new ecologic range offers customers the rare chance to start saving money immediately. Even allowing for the slightly increased fuel consumption when running on LPG, customers can save around 40% on their fuel costs (Autogas Ltd). Based on an average annual mileage of 10,000 miles and the prices of petrol and LPG at £1.12 and 58p respectively (source: Fleet News 20/08/08), this is an annual saving of over £500.
Not only is Proton offering a full factory-fitted LPG conversion at no additional cost to the customer, ecoLogic owners will also benefit from 3 year/60,000 miles total vehicle warranty and 3 years RAC cover.
LPG is not a new concept and is used to run over 140,000 vehicles in the UK currently and 11 million worldwide. Humberside Police have been running LPG-converted Proton vehicles for over 10 years, and with just over 300 on their current fleet, have saved up to £300,000 on fuel costs per year. Proton ecoLogic owners won’t miss out later either, with residual values on LPG dual fuel vehicles recently found to be up to 7.4% better than their petrol equivalent (Fleet News).
It’s becoming increasingly easier to fill up on LPG, with over 1,400 refuelling sites around the UK, including motorway service stations and at major supermarkets.
Not only is the Proton ecoLogic GEN-2 more economical to run, but it has been proved to be more eco-friendly than petrol and diesel. Typically, LPG produces less carbon monoxide, particulates and nitrous oxides than other fuel sources, plus a 15-20% reduction in carbon dioxide compared to petrol. Even the production of LPG is environmentally friendly; it’s a by-product of the extraction and refining of crude oil, which also means there’s a plentiful supply in the UK.
There’s nothing complicated about dual fuel operation, the GEN-2 ecoLogic starts on petrol and then switches to LPG when it’s most efficient to do so, usually after about 20 seconds. Any very slight differences in performance will go unnoticed and the only visible addition to the interior is a switch on the centre console that shows the fuel level. There is a second filler cap next to the petrol cap, which is matched to the exact colour of the car. The LPG tank is situated in the spare wheel well, so owners lose only the smallest amount of boot space.
The Proton ecoLogic GEN-2 has a 1.6 litre engine and is available in a sporty hatchback or saloon version, priced at £10,995 and £10,795 respectively. Customers will be impressed with the high specification that comes as standard, such as reverse distance sensors, air conditioning with pollen filter, electric front and rear windows, automatic central locking and alloy wheels. Both models are available with a leather interior, an option at £1,000, but for a limited time customers can benefit from a stylish black leather interior on the GEN-2 ecoLogic hatchback absolutely free.
Cheaper fuel, reliable motoring, eco-friendly and at no additional cost. Available at Proton dealerships from September 2008, the Proton GEN-2 ecoLogic is a practical solution for the UK motorist feeling the pinch. No catch.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Coast Distribution System Declares Cash Dividend for Third Quarter 2008
MORGAN HILL, Calif., PRNewswire-FirstCall/ -- The Coast Distribution System, Inc. announced its Board of Directors declared its 2008 third quarter dividend of $0.03 per share, to be paid on Sept. 30, 2008 to shareholders of record as of Sept. 16, 2008.
"We continue to anticipate that the second half of 2008 may be a difficult period in our markets based on the prevailing conditions in the recreational vehicle and marine industries," said James , President and CEO of Coast. "We also are continuing the careful management of our assets in these turbulent times, including our cash in particular. That being said, we still believe that Coast's dividends reflect the Board's confidence in our long-term growth, and our commitment to enhance stockholder value."
This dividend marks the fifteenth consecutive quarterly cash dividend since Coast's Board of Directors established the dividend policy in Feb. 2005. On June 27, 2008, Coast paid its second quarter 2008 dividend of $0.03 per share.
Source : http://www.automotive.com
(9/2/2008)
|
Stephen Odell Appointed President and Chief Executive Officer of Volvo Car...
DEARBORN, Mich., PRNewswire-FirstCall/ -- Ford Motor Company today announced the appointment of Stephen Odell as president and chief executive officer of Volvo Car Corporation, replacing Fredrik Arp, who has decided to leave the company.
Effective Oct. 1, Odell, 53, will be responsible for Volvo's global operations out of its headquarters in Gothenburg, Sweden, and lead the company's drive toward sustained profitability through continued restructuring and the accelerated development of high-quality, fuel-efficient and safe vehicles in the premium end of the market.
Odell, who has played a key role in Ford of Europe's resurgence as its chief operating officer, will report to Lewis Booth, executive vice president of Ford Motor Company and chairman of Volvo Car Corporation, who will continue to oversee the strategic direction of Volvo.
"Stephen Odell brings to Volvo a wealth of experience of strong leadership in the automotive industry," said Alan Mulally, president and CEO, Ford Motor Company. "Given his strong track record at Ford, Jaguar and Mazda, the time is now right for Stephen to take up this new challenge at Volvo. I believe that Stephen is the right person - together with Lewis Booth and the Volvo Cars Management Team - to take Volvo forward and to return the business to sustainable profitability."
Booth thanked Fredrik Arp for his leadership of Volvo over the past three years, a period in which Volvo reduced costs and strengthened its product lineup despite a difficult business environment and challenges presented by adverse currency exchange rates and other external factors.
"Fredrik has steered the Volvo team through some difficult times since joining the company three years ago. His wide experience in business has been a strong asset in helping to develop and implement Volvo's plan to improve its business results.
"Fredrik has decided that now is the right time to hand over to a new president and CEO, Stephen Odell, who will lead the Volvo team through the next stage of its recovery."
Odell said he is excited to lead Volvo at an important time in the company's history.
"Volvo is one of the great iconic automotive brands," Odell said. "The very attributes that make Volvo distinctively Swedish - its heritage of safety, environmental concern and its Scandinavian design - appeal to customers around the globe. Our strategy is to enhance the premium nature of Volvo by further strengthening these attributes. Volvo really is the auto brand for today's customers.
"We have a restructuring plan in place that will help to deliver a more competitive business and that enables Volvo to continue to build upon its core strengths. Volvo will adopt a more stand-alone approach within Ford Motor Company, while still leveraging product development and purchasing synergies with other Ford operations."
Before he was appointed chief operating officer of Ford of Europe in April 2008 responsible for product development, manufacturing, purchasing, and marketing, sales and service operations, Odell served as Ford of Europe's vice president of marketing, sales and service for nearly three years.
Prior to that, he held several senior level positions at Mazda Motor Corporation from 2000 to 2005. From 1997 to 2000, Odell was vice president, marketing and sales, Jaguar North America. Stephen Odell joined Ford of Britain in 1980 as a graduate trainee. A native of London, he is married with two children.
Ford Motor Company, a global automotive industry leader based in Dearborn, Michigan, United States, manufactures or distributes automobiles in 200 markets across six continents. With about 230,000 employees and about 100 plants worldwide, the company's core and affiliated automotive brands include Ford, Lincoln, Mercury, Volvo and Mazda.
Source : http://www.automotive.com
(9/2/2008)
|
Straight outta Mulsanne
Lightweight, track-inspired iterations of exotic supercars are often rather good. Take the 430 Scud, the Gallardo Superleggera and the 911 GT3 RS. All good cars. Excellent cars.
Will the Spyker LM 85 be quite so excellent? Call us sceptical, but we're sceptical. The LM 85 is, essentially, the Dutch manufacturer's short-wheelbase C8 Laviolette, but lightened and powered-up using Spyker's Le Mans, erm, expertise.
Which explains the name - 85 is the Spyker C8 GTR2's starting number at Le Mans - and the lofty performance claims: we're promised as much as 450bhp and 0-60mph time substantially under four seconds. Oh, and a top speed in excess of 186mph.
Spyker says it'll build a mere 24 LM 85s. A desire for exclusivity or a very short waiting list? We couldn't possibly say...
Source : http://www.topgear.com
(9/2/2008)
|
Tuner Special: Nismo GT-R
TOKYO — Nismo, Nissan's official motorsports division, has unveiled its first tuning treatment for the R35 GT-R called the Club Sport Package.
Focused mainly on cutting weight and tightening up handling, the package comes with race-ready Bilstein adjustable dampers, stiffer front and rear springs and 20-inch forged Rays aluminum wheels wrapped in Bridgestone RE070R run-flat tires.
Other mods include a new lightweight axle-back exhaust that sheds 11 pounds from the curb weight and a drag-reducing carbon-fiber undertray. The seats are upgraded to carbon fiber leather-trimmed Recaros, which keep the side airbags and get rid of electronic adjustments to save another 13 pounds.
Parts can be purchased individually, or the complete package is priced at the equivalent of $50,560. It is currently only available in Japan.
Nismo's Club Sport Package should keep Japanese fans satisfied until the GT-R V Spec hits the streets next year.
Source : http://www.edmunds.com
(9/2/2008)
|
Metaldyne Signs Agreement to Divest GLO to SKF
PLYMOUTH, Mich., - Metaldyne Corporation, an Asahi Tec company, today announced it has entered into an agreement to divest its GLO S.r.L. operation in Poggio Rusco, Italy, to AB SKF of Goteborg, Sweden.
The decision to divest this operation is another step in Metaldyne's Plan to Win, which is aimed at creating value for the company's stakeholders. Under the Plan, Metaldyne has streamlined its cost structure, focused its capital expenditures and intensified its product line focus, all to improve performance.
"One of the major initiatives of the Plan to Win is to concentrate on our core products," said Thomas A. Amato, chairman and CEO of Metaldyne and co-CEO of Asahi Tec. "We are pleased to see this transaction come together where ultimately GLO will become part of the SKF family of businesses."
GLO designs, develops and produces constant velocity joints for the aftermarket and OEM automotive industry. The SKF Group is one of the leading global suppliers of products, solutions and services in the area comprising rolling bearings, seals, mechatronics, services and lubrication systems. It is acquiring GLO to broaden the existing product range and to strengthen its presence in the European vehicle aftermarket segment.
"GLO is one of the leading manufacturers in the European automotive aftermarket and has a broad range of products well suited for this market," said Lars Wilsby, head of SKF Global Automotive Aftermarket Operations. "Its commitment to delivering quality products on-time to its customers is a great fit with SKF. We see excellent growth potential for this operation."
The acquisition is subject to certain conditions to closing and requires approvals by relevant authorities.
GLO is an indirect wholly-owned subsidiary of Metaldyne Corporation that began production of constant velocity joints in 1978 and was acquired by MascoTech in 1988 before becoming part of Metaldyne in 2000.
Proceeds from the sale will be used to pay down debt or for general funding purposes.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Auto Ad Spending in US Plummets
Washington DC ; The AIADA newsletter reported that Automotive advertising is headed for its lowest level in nine years.
Automotive News reports that this year, automakers and dealers will spend about $15 billion to advertise in U.S. media. That's down 16 percent from 2007 and the lowest total since 1999, says analyst Michael Nathanson of the research firm Sanford C. Bernstein & Co.
"TV stations and local newspapers will lose the most advertising dollars, followed by broadcast networks," Nathanson says. Bernstein Research projects that auto advertisers will spend an average of $1,057 for every new vehicle sold in 2008, down 19 percent from the peak in 2004.
Similarly, franchised dealers' spending on local newspapers dropped nearly 10 percent from the first quarter of 2007. Nelson Bliss, general manager of Melody Toyota in suburban San Francisco, says the dealership cut its ad budget this year from $50,000 a month to $33,000.
Source : http://www.theautochannel.com/
(9/2/2008)
|
One Hundred Hearses For Croydon
READING –: The funeral profession is generally not a bag of laughs. Dealing with bereaved families requires compassion, empathy and a sense of dignity. So, funeral directors planning on making an attempt on a Guinness World Record might appear to be a bit of a stretch, you might think. However, that is just what the British Institute of Funeral Directors (BIFD) aim to do at their annual conference at the Croydon Hilton on the 24 – 26th October this year.
Adrian Pink, the current president of the BIFD says, “I wanted to make this year’s conference something different. We always have a bit of a trade show but we need to do more to open our doors to the public.
“The Funeral profession has a history of conservation and there are many restored hearses around the UK so we thought that we would try and bring a few of them together at the conference. We had reserved 100 places for hearses for the display and by the end of July we were almost fully booked. They range from a Victorian hand bier to the latest Mercedes-Benz based models from event sponsor Binz (UK) Ltd.
“There are a few horse drawn hearses and one or two conversions of carriage hearses mounted on small Austin trucks. From a number of 1930’s Austin hearses to a range of models from the 1950’s through to the current day, including a classic Cadillac hearse. One of the biggest Rolls Royce fleet owners in the world, A W Lymm of Nottingham is sending six Roll Royce vehicles to the event, and Greens the carriage masters are bringing five hearses".
Another attendee at the event is the Rev. Paul Sinclair who is bringing a convoy of seven motorcycle hearses down from Leicester adding yet another “first” to this “first” large scale gathering of hearses. The event’s special guest will be the Mayor of Croydon, who will see the world’s longest cavalcade of funeral vehicles tour through Croydon on the Saturday between 2:15 and 4:00pm
Adrian Pink concludes, “The BIFD wants to open up the profession and its suppliers to their market, to make the whole process less intimidating. The hearse cavalcade is an event that puts us in the public eye, it lets the public and the funeral directors see the range of vehicles available from the carriage masters. A visit to the conference’s exhibition allows the public to see the wide range of options available to them, without being under the immediate stress of a bereavement".
Source : http://www.theautochannel.com/
(9/2/2008)
|
Do Let the Sun Go Down On Me - Picturesque sunsets get Brits’ pulses racing
LUTON – Forget about eating oysters or sipping champagne, it’s more romantic to cosy up in a convertible with the one you love to watch the sunset.
This is according to research published by Vauxhall that reveals watching sunsets is Britons’ number one romantic pastime.
Over half of us (53%) think watching the sun go down is most likely to get us ‘in the mood’. Second on the love list is a candlelit dinner (34%), while sharing a bubble bath (8%) completes the top three.
According to this research, sunsets have been voted top of the list because they create a romantic atmosphere (64%), whilst a quarter of Brits (24%) said they feel sharing the experience brings them closer together with their partner. But, with daily hours of sunshine on the wane, Vauxhall is encouraging Brits to get behind the wheel and make the most of the remaining summer sunsets.
Despite our sunny outlook on love, the research reveals that the average Brit has only seen two sunsets in the UK in the past year. What’s more, nearly half of us (42%) haven’t enjoyed a sunset in the last 12 months.
Body-language and behavioural expert Judi James says:
“There are two key reasons why we find sunsets so romantic – the first of which relates to our senses. The range of stunning colours displayed can create a feeling of calm and happiness that is shared with anyone we’re with, often resulting in a minor form of what’s called an ‘ecstatic state’.
Secondly, there’s nothing that makes us more inclined towards love and romance than being gently reminded of our own mortality. Sunsets herald the end of the day and show us a moment of context, reminding us of our role in the universe rather than the minor issues of our daily lives.”
To prevent the sun going down on Britons relationships, Vauxhall has teamed up with sunset expert and travel guru, Paul Gogarty, to pinpoint the best places to watch the sun set in the UK before summer ends.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Castellana Claims First Indy Win In His NOS-powered Racecar
INDIANAPOLIS - Mike Castellana has only raced two of seven events on the 2008 JEGS ProMod Challenge schedule, but he's certainly made the most of his appearances. After racing to a runner-up finish at the last stop in Englishtown, N.J., Castellana went one step further Monday, winning the prestigious Mac Tools U.S. Nationals by driving around defending series champion and new points leader Josh Hernandez.
"It feels great to win the biggest race of the year for NHRA drivers," Castellana said. "This is my first Indy win, so it means that much more. What a great day. I'm going to enjoy every minute of this."
Hernandez had been flawless on the day until the final round of competition late Monday afternoon. Both he and Castellana suffered from tire shake early in their runs, but it was Castellana who recovered the quickest to drive away for the win.
"I knew we had a good car for race day, but I also knew it would be tough to make it all the way to the winner's circle," said Castellana, the first nitrous-assisted winner on tour this year. "Running Josh in the final was an obvious challenge, but my team and I just tried to run our own race. I knew if we made it smoothly down the track we could hang with him."
Castellana had a tough ladder to get through beating veteran Troy Coughlin, No. 2 qualifier Mike Knowles, former series champion Rickie Smith, and class dominator Hernandez.
"I really want to thank my new sponsor Al-Anabi Racing for the opportunity to come out here and take home the Wally," Castellana said. "This has been a real team effort and I am certainly the lucky one who gets to pilot this amazing race car."
Despite competing in just two events, Castellana has climbed to 16th position in the points and is only 43 points out of the top 10. The next stop for the series will be Sept. 18-21 at the O'Reilly NHRA Fall Nationals near Dallas.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Labour costs 'spiralling out of control'
The cost of maintaining a car could 'spiral out of control' as garages start to charge up to £200 an hour.
According to data released by Warranty Direct, labour rates for mechanics nationwide have increased 11.3 percent since the summer of 2006 to £75.17 an hour on average.
At the same time, prices at independent garages have risen the sharpest to narrow the gap with the traditionally more expensive franchised dealer networks.
The average franchise dealer is charging £94.70 an hour today compared to £87.91 in 2006 - up 7.7 percent.
In comparison, the average rate for a mechanic at an independent garage has leaped by 14.9 percent over the same period - from £48.43 to £55.63.
Warranty Direct analysed labour rates at nearly 2,000 garages to highlight the dramatic price differences that occur across the country.
Greater London is the most expensive region at £94.26 an hour (average of franchised and independent), which falls to £68.70 for the City of Edinburgh, £78.81 across Merseyside and a similar figure of £78.01 for Cornwall.
The Capital was also home to the most expensive dealer, charging £198.86 an hour.
Duncan McClure Fisher, managing director of Warranty Direct, warns that labour rates are likely to continue to rise in the current climate.
"This is not great news for motorists who are already feeling the pinch at the pumps.
"Car sales are falling, used car residuals are falling, and people are putting off that annual service. As economic conditions worsen, prices could rise further to compensate the general downward trend."
Source : http://www.newcarnet.co.uk
(9/2/2008)
|
UK drive: Ferrari 430 Scuderia
It’s hard to describe the performance of the Ferrari 430 Scuderia without resorting to expletives that would make a docker blush.
Perhaps it’s best just to say that up to 4000rpm it’s a bit like being shot out of a cannon, and if you keep your foot flat all the way to the howling 8500rpm redline, you’d best make sure you’ve got a defibrillator to hand.
The ‘yeeha’ factor is hardly surprising, given that the 4.3-litre V8 has been tuned to produce 503bhp and that the 1350kg Scuderia weighs pretty much the same as a typical family hatchback.
The stripped-to-the-metal interior, high carbonfibre content, lightened suspension and elaborate aerodynamic package mean Ferrari’s finest is as agile as a Lurcher chasing a spot of furry lunch.
The superb steering keeps your palms fully abreast of what’s going on beneath the front tyres, while figure-hugging sports seats stop you flopping around as the G-forces ramp up around your favourite corners.
Thankfully, the Scuderia stops as well as it goes, thanks to carbon-ceramic brakes that were developed by the Formula One team.
Further F1 technology includes a super-fast paddleshift gearbox, and a stability and traction control system that you can tailor via a switch on the steering wheel, called the Manettino.
In fact, there’s so much high-tech wizardry on board it’s surprising you don’t need a laptop and a degree to get the thing started.
Instead, a simple prod of the steering wheel-mounted starter button will suffice to startle dogs, make babies cry and rattle all the windows in the next village.
So there you go, we got through all that without any expletives after all. Suffice to say it’s Ferrari’s finest supercar – we swear.
Source : http://www.whatcar.co.uk
(9/2/2008)
|
30 Mile McRae Convoy Smashes World Records
BANBURY –: More than 1000 Subaru owners and thousands more fans have celebrated the life of Colin McRae this weekend.
A convoy, which at its peak stretched 30 miles with an estimated 1100 Subaru cars, left Colin’s home town of Lanark on Saturday morning, led by his father Jimmy McRae. Nine hours and 300 miles later, it arrived at Prodrive’s headquarters in Banbury, having been cheered along the way by thousands of fans who stood on every available motorway bridge on route.
“Literally every bridge had people waving and cheering us along with many hanging the Saltire from the railings.” said Grant Hendry, who led the McRae Gathering convoy. “It turned what was an already memorable event into a truly amazing and emotional occasion.”
The convoy re-gathered at Prodrive’s headquarters in Banbury on Sunday morning, before being led up the M40 by Colin McRae’s original 1996 Impreza rally car. In a fitting finale to the event, a sign almost half a mile long and made up of 1086 Subarus spelt out COLIN MCRAE and the Scottish Saltire in a new official Guinness World Record – smashing the previous record by more than 800 cars. The cars then broke a second Guinness World Record by creating the largest parade of cars as they left the Prodrive test track.
It is estimated that the event has raised nearly £40,000 for the McRae charities.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Ford Appoints Stephen Odell President and CEO of Volvo Car Corporation
DEARBORN, Mich., -- Ford Motor Company today announced the appointment of Stephen Odell as president and chief executive officer of Volvo Car Corporation, replacing Fredrik Arp, who has decided to leave the company.
Effective Oct. 1, Odell, 53, will be responsible for Volvo's global operations out of its headquarters in Gothenburg, Sweden, and lead the company's drive toward sustained profitability through continued restructuring and the accelerated development of high-quality, fuel-efficient and safe vehicles in the premium end of the market.
Odell, who has played a key role in Ford of Europe's resurgence as its chief operating officer, will report to Lewis Booth, executive vice president of Ford Motor Company and chairman of Volvo Car Corporation, who will continue to oversee the strategic direction of Volvo.
"Stephen Odell brings to Volvo a wealth of experience of strong leadership in the automotive industry," said Alan Mulally, president and CEO, Ford Motor Company. "Given his strong track record at Ford, Jaguar and Mazda, the time is now right for Stephen to take up this new challenge at Volvo. I believe that Stephen is the right person - together with Lewis Booth and the Volvo Cars Management Team - to take Volvo forward and to return the business to sustainable profitability."
Booth thanked Fredrik Arp for his leadership of Volvo over the past three years, a period in which Volvo reduced costs and strengthened its product lineup despite a difficult business environment and challenges presented by adverse currency exchange rates and other external factors.
"Fredrik has steered the Volvo team through some difficult times since joining the company three years ago. His wide experience in business has been a strong asset in helping to develop and implement Volvo's plan to improve its business results.
"Fredrik has decided that now is the right time to hand over to a new president and CEO, Stephen Odell, who will lead the Volvo team through the next stage of its recovery."
Odell said he is excited to lead Volvo at an important time in the company's history.
"Volvo is one of the great iconic automotive brands," Odell said. "The very attributes that make Volvo distinctively Swedish - its heritage of safety, environmental concern and its Scandinavian design - appeal to customers around the globe. Our strategy is to enhance the premium nature of Volvo by further strengthening these attributes. Volvo really is the auto brand for today's customers.
"We have a restructuring plan in place that will help to deliver a more competitive business and that enables Volvo to continue to build upon its core strengths. Volvo will adopt a more stand-alone approach within Ford Motor Company, while still leveraging product development and purchasing synergies with other Ford operations."
Source : http://www.theautochannel.com/
(9/2/2008)
|
Subaru Increases Its Presence in Georgia
CHERRY HILL, N.J., - Subaru of America, Inc. announced today the opening of its latest dealership, Subaru of Kennesaw, GA.
The new dealership is operated by Ryan Troncalli and will employ approximately 30 staff members including sales, service and vehicle technicians.
"We are pleased to welcome another dealership to the Georgia market," said Tomohiko Ikeda, chairman, president and CEO, Subaru of America, Inc. "It is clear that the strength of the Subaru brand is attracting more dealer investment to our franchise. Our product line up is the best in the company's history and we believe this will be yet another successful venture for Mr. Troncalli and Subaru."
Developed under the Subaru Signature Facility Program, the new Subaru of Kennesaw facility has a contemporary image that represents the progressive design and advanced technology of Subaru vehicles. The exterior finishes include metallic surfaces, natural slate, and a sleek, all-glass view into the showroom. The curved front wall provides both architectural interest and express progress.
The interior architecture provides high, open spaces with extensive sight lines between areas. A mixture of both private and open spaces will be offered for all customer functions, including sales, service, and waiting.
The materials to be used throughout the interior of the facility include natural slate, cherry hardwood flooring, architectural glazing, granite surfaces, wood veneer furnishings, and leather upholstery, to express richness, authenticity and quality. The interior is illuminated with soft, consistent lighting.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Choice of 126 ps Diesel And Gasoline Engines For New Kia Soul
FRANKFURT –: Kia has confirmed that its all-new Kia Soul urban crossover passenger car will go on sale in Europe next February with a choice 126 ps* diesel and gasoline engines – with a choice of manual or automatic transmissions, depending on model.
The two highly efficient 1.6-litre, 16-valve, four cylinder petrol and diesel powerunits are based closely on the DOHC engines already fitted to the hugely successful, European-built, Kia cee’d. The diesel engine generates 126 ps at 4,000 rpm and maximum torque of 255 Nm at 2,000 rpm. The all-aluminium gasoline engine also produces 126 ps at 6,300 rpm and 156 Nm of torque at 4,200 rpm.
“The Kia Soul is a brand new urban crossover car packed with liberating ideas – a car that will challenge consumers to free their minds. It will offer cavernous passenger space that matches or even outperforms vehicles with much larger exterior dimensions,” enthuses Mr Panu Vainamo, General Manager Marketing, Kia Motors Europe.
Soul is a five-door hatchback with front-wheel drive, a high roofline and an unusually long wheelbase. The key dimensions behind the it’s striking appearance are vertical measurements. Overall height is 1,610 mm, the base of the windscreen is 135 mm higher than a typical compact car, the hip-points are 120 mm higher and the ground clearance is raised by 45 mm.
Access to the new Kia Soul’s spacious interior is remarkably easy and the cabin will deliver head, leg and shoulder room that matches or beats many larger vehicles. Generous headroom (1020/1005 mm front/rear), legroom (1070/990 mm front/rear) and shoulder room (1403/1400 mm front/rear) will ensure that Soul can accommodate five large adults in genuine comfort.
Looking ahead to the Paris Show debut, Gregory Guillaume, Chief Designer, Kia Motors Europe, commented, “There will be several unique aspects to the experience of sitting in the Soul and first impressions will make a big impact. The tall doors and high-mounted seats make for easy access, while the ‘laid-back’ dashboard design, triple dial instrument cluster and thick-rimmed steering wheel create an unusual combination of spaciousness for passengers and cosiness for the driver, to generate a very special ambience.”
Source : http://www.theautochannel.com/
(9/2/2008)
|
Mercedes-Benz M-Class Awarded Top Marks For Safety in Euro NCAP Test
STUTTGART –: The new-generation M-Class has passed European NCAP (New Car Assessment Programme) crash tests with flying colours and has been awarded the top mark of five stars for its very high level of occupant protection. The Mercedes off-roader has also achieved outstanding results in tests carried out by US rating organisations.
The latest Euro NCAP test results are confirmation that the safety concept of the M-Class, which is geared to the real-life accident scenarios, also performs well in standardised rating crash tests. Equipped as standard with seven airbags, belt tensioners, belt-force limiters and crash-responsive NECK-PRO head restraints, the SUV ensures its occupants an excellent standard of protection in the event of an accident. The M-Class is the first vehicle in its market segment anywhere in the world to be fitted as standard with the anticipatory occupant protection system PRE-SAFE. The system makes use of the valuable seconds which elapse between a critical situation being identified and a possible impact ensuing, to instigate protective measures. This makes it possible to reduce the forces acting on the occupants in an impact by up to 40 per cent.
The M-Class has garnered top marks in other rating tests too: it was awarded five stars in both the US NCAP and the US SINCAP tests performed by the US National Highway Traffic Safety Administration, and received the coveted “Top Safety Pick” designation from the US Insurance Institute for Highway Safety.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Report Aggressive and Unsafe Drivers: Text Them In
LAUREL, Md., PRNewswire/ -- Every day there are thousands who drive on our nation's highways like they own the road: speeding, weaving in and out, tailgating or blowing their horns in anger. Is it any surprise that, according to the National Highway Transportation Safety Administration, one third of all accidents and two thirds of all vehicle-related fatalities are caused by aggressive drivers? What is a responsible driver to do about them?
Maybe the aggressive driver has a company vehicle with one of those "How's My Driving?" signs. Many of these 800 numbers go to recordings or, worse, are not in service.
For the millions who carry cell phones in their cars, there is now an easy and safe way to report aggressive drivers. A new system called Text Them In allows you to anonymously report dangerous drivers by sending a text message from your cell phones.
All you need to do is text the tag number/state/car color/location and what happened to 839846 (TEXTIN). Then you can go to the website, enter your cell phone number and receive a complete list of aggressive incidents you have reported. If the vehicle's tag and owner are registered at the website, a text message or email will be instantly sent notifying them of the incident. The owner would then be able to contact the driver and take corrective action.
All drivers, including parents of teenage drivers, businesses and fleet operators can use this program notifying them when the vehicles they are responsible for are being driven by others in an unsafe manner.
With millions of additional eyes on the road reporting unsafe drivers Motor Vehicle Departments, law enforcement, insurance companies, and non-profit organizations like MADD and SADD will have the additional resources to maintain safety on America's highways.
839846 (TEXTIN) is operational on all carriers nationwide including Verizon, Sprint, T-Mobile and AT&T. To test the system, send the text message "textin test" to 839846 (TEXTIN), then go to our website to view your message.
Text Them In does not charge for messages sent, however, carriers' standard message rates apply. Text Them In does not condone texting while driving and furthermore considers this unsafe driving that should be reported.
Source : http://www.automotive.com
(9/2/2008)
|
Nomination Period Now Open for 2nd Annual Honda Helpful Awards
LOS ANGELES, PRNewswire/ -- The Southern California Honda Dealers Association, and the Helpful Honda Guys and Girls in Blue, today announced the opening of the nomination period for the 2nd annual Honda Helpful Awards, an exciting celebration that recognizes helpfulness among residents of Southern California. recognized for her volunteer work educating at-risk and autistic children from low-income families. Using public transportation for over two hours to reach the school, Forest received a new Civic Hybrid to help her manage her commute more efficiently and spend more time working with her students.
Josie Gavieres of Long Beach was honored for rescuing and sheltering animals, and creating the non-profit organization B.A.R.K., which uses animal therapy to help children learn to read. Gavieres replaced her unreliable car with a new Honda Element, which has allowed her to bring her B.A.R.K. program to additional locations, transport more animals at a given time, and drive greater distances to rescue those in need of her help.
"We introduced the Honda Helpful Awards as an annual celebration of helpfulness in our local communities, and a culmination of all the efforts by the Southern California Honda Dealers and the Honda Helpful Guys and Girls in Blue through the year," said Patrick Adams, managing director, Secret Weapon Marketing. "After witnessing the dedication and gratitude of everyone involved last year, and the amount of inquiries we've received already for this year's event, we're looking forward to honoring more people who embody the spirit and integrity of Honda Helpful."
In addition to online and radio advertising, the 2nd annual Honda Helpful Awards will be promoted in participating dealerships, and everywhere the Helpful Honda Guys and Girls in Blue are visiting in the upcoming weeks. The Association is also working with a variety of local and national volunteer organizations and online communities to reach a greater number of deserving individuals.
Submissions can be presented for consideration online, through standard mail, or in dealership entry boxes. The deadline for all nominations is November 1st, 2008.
Source : http://www.automotive.com
(9/2/2008)
|
Detroit Electric's Electric Car Hits the Road Again After 100 Year Absence
Detroit Electric is making a come back in a big way with plans to progressively roll out affordable electric vehicles worldwide by the end of 2009. The historic electric car brand held a regional media conference today to introduce electric car technology and unveil its business and manufacturing plans moving forward.
As part of the Malaysian Government's initiative to tackle rising fuel prices and the search for green alternative transportation, Detroit Electric's electric vehicle has been identified as one of the potential progressive innovative ways to tackle the on-going concerns. National car maker Proton has been requested by Prime Minister YAB Datuk Seri Abdullah Badawi to test and validate Detroit Electric's technology and explore the potential to collaborate to create a range of pure electric cars.
"The Malaysian Government is taking proactive measures to provide efficient and reliable alternative transportation to the people. Detroit Electric is working closely with them and we hope to provide a sustainable solution," said Albert Lam, Chairman and CEO of Detroit Electric.
"USD5 million has been invested in research and development over the past two and half years at our R&D facility in the Netherlands to develop this technology for electric vehicles. After months of hard work and search for strategic partners and new shareholders, Detroit Electric has now emerged with scaleable and durable electric drive systems solution ready to deliver affordable everyday electric cars."
Proton is kind enough to lend us the test track, so members of the media had the opportunity to experience the driving power and pleasure of pure electric cars. Detroit Electric has to date integrated its electric drive systems into Lotus Elise's, two Proton passenger cars, Daihatsu-Cuore and VW Golf, with the intent to use these electric drive systems to development pure electric vehicles for volume production within the next 18 months.
Source : http://www.automotive.com
(9/2/2008)
|
New Avensis exists
There's a new Toyota Avensis on its way to Paris. Look, there it is in the top picture, on its way to Paris. All new and shiny.
And that's about all we know. It looks, erm, nice. Just like the old Avensis looked nice. And we're told that it'll feature engines, which is always nice. Engines that are more powerful and less CO2-ful than in the current Avensis.
Beyond that, nothing. Apart from the fact that it'll be built in Derbyshire, which has us hoping that it'll at least have an amusing regional accent.
We'll find out more in Paris, along with a couple of other new Toyotas: the production versions of the iQ and the Urban Cruiser.
The iQ, you'll remember, is the brilliantly packaged little city car that Toyota is calling 'the world's smallest four-seater'.
Like JC's tank, it should be congestion charge exempt and qualify for free road tax, emitting just 99g/km of CO2.
And the Urban Cruiser? Well, it's still got the Village People name, along with Toyota's 1.4-litre D-4D diesel engine and Scion-inspired chunky lines.
Source : http://www.topgear.com
(9/2/2008)
|
Seat Ibiza Cupra and Ecomotive unveiled
These are the first pictures of the Ibiza Cupra hot hatch and green Ecomotive models, which will be unveiled in the metal at the Paris motor show next month.
The Cupra is based on the three-door Ibiza Sports Coupe and powered by a 177bhp 1.4-litre petrol engine that is both turbo- and supercharged. It is linked to a seven-speed semi-automatic gearbox, with steering wheel-mounted paddle shifts.
It has 17-inch alloy wheels, a rear diffuser, sports seats and aluminium pedals.
The new Ecomotive Ibiza will emit 99g/km of carbon dioxide, the same amount as the previous generation car. That's just 1g/km more than the forthcoming Ford Fiesta Econetic, which will be the cleanest supermini on sale when it goes on sale next year.
It is available in three- and five door versions and powered by a 79bhp 1.4-litre diesel engine.
Changes to improve its efficiency include changes to the gear ratios, the use of low rolling resistance tyres, aerodynamic improvements and the replacement of the spare wheel with a puncture repair kit.
Prices and full trim details of the Ibiza Cupra and Ibiza Ecomotive shortly before they go on sale in the middle of next year.
Source : http://www.whatcar.co.uk
(9/2/2008)
|
GM's Troy Clarke: New Car Market Is Headed Back to 1980s
SANTA MONICA, California — Trucks and SUVs will continue to see a diminished role in the North American new car market, Troy Clarke, president of GM North America and GM group vice president, told Inside Line in an interview on Thursday.
"It feels like this is the early 1980s," he said. "It's not going to be 40 percent trucks; it's going to be 30, maybe even 25. Cars are going to be a much bigger player."
Though he terms this a structural shift, Clarke argues that new car sales will recover from the current 12.7-million-units-per-year pace. "We think the market should be running probably just a little north of 14 million units," he said.
"We've optimistically said that stability will probably come in the fourth quarter, but I don't know that that's the case," he continued. "I think there are a lot of experts now who suggest it may not be until the second quarter of next year."
One trend General Motors has noticed among consumers who are in the market, Clarke said, is that former truck-based SUV owners are not downsizing to car-based crossover vehicles as previously anticipated. Instead, he said, "they're falling into cars. Crossover buyers are moving up from cars."
And although GM's Employee Discount Program has generated sales increases among full-size trucks and SUVs, Clarke said, he also conceded that the Chevrolet Volt is the "most valuable brand in the GM portfolio.
"At an awareness level, the Volt obviously has consideration intent (based on 80,000 leads submitted on GM's Web site)," he said.
"Everybody who's heard of the Volt can give you a description of what they think it is.¿ Part of the role of our market research is to understand that, so that we make sure that as we execute the vehicle on something other than just its technical basis, we can build on the brand that the concept has already created."
Clarke also elaborated on GM's plan for its conventional small-car lineup. In addition to the 2011 Chevrolet Cruze, the next-generation Aveo will share its platform architecture with the European-market Opel/Vauxhall Corsa.
"The current Corsa is not federalized and it would be prohibitively expensive to make it able to be sold in the U.S.," he said. "But the Aveo and Corsa are shared in the next generation — they'll be the B-Class platform with a launch in the early part of the next decade."
Source : http://www.edmunds.com
(9/2/2008)
|
US August Auto Sales Seen Down For 10th Consecutive Month
DETROIT,; David Bailey writing for Reuters reported that automakers are expected to post a 10th consecutive month of U.S. sales declines on Wednesday as incentives on slow-selling trucks and SUVs and General Motors Corp's employee pricing promotion failed to ignite demand from struggling consumers in August.
Analysts see automakers posting double-digit declines in U.S. auto sales for August -- adding to the longest monthly losing streak for the industry since the domestic recession of 2001.
U.S. auto sales may have been down anywhere from 14 to 19 percent industrywide in August from a year earlier, according to analysts, but should have been up slightly from the 16-year low reported in July.
August sales are expected to reflect the continued shift toward smaller, more economical passenger cars and away from large pickup trucks and SUVs, as well as some difficulty supplying fuel efficient vehicles customers want.
U.S.-based GM, Ford Motor Co and Chrysler LLC -- which have a much higher percentage of sales linked to the larger vehicles than transplant carmakers -- are expected to have felt the most impact from the continued shift.
Toyota Motor Corp, the No. 2 auto seller in the United States, is also expected to report sales declines. Analysts see Honda Motor Co Ltd's sales ranging from a slight gain to a big decline and Nissan Motor Co Ltd posting sales growth of about 2 percent.
"Light vehicle sales in the U.S. appear to have continued at depressed levels through August, despite the very generous incentive programs that several major manufacturers have launched in recent weeks," Lehman Brothers analyst Brian Johnson said in a note to clients.
Auto sales are a closely watched and early key indicator of consumer demand in the United States for big ticket items, with investors focused on whether the second-quarter economic growth will be sustained through the rest of 2008.
Automakers have pared sales expectations throughout 2008 as the U.S. economy has continued on a sluggish path and high gasoline prices have pressured sales of larger vehicles.
GM President and Chief Operating Officer Fritz Henderson told reporters in India on Tuesday the automaker is not looking toward the rest of 2008 with huge optimism given continuing pressure on the consumer.
August was "another fairly tough month," Henderson told reporters.
DEALS APLENTY
Aiming to boost sagging sales, GM launched employee-level discounts for nearly all of its 2008 model year cars and trucks and some 2009 models in the second half of August.
The U.S. seasonally adjusted annual rate of auto sales is expected to have dropped to about 13 million units in August, up slightly from a 12.6 million rate in July but down sharply from the 16.3 million rate a year earlier.
"We saw a slight improvement in July, but don't expect to see a major recovery for the remainder of the year," said Jesse Toprak, an industry analyst at Edmunds.com.
Toprak said GM's employee discount promotion likely staved off an even greater decline in August but has not been nearly as effective as a similar promotion in 2005.
On a percentage basis, analysts have forecast Chrysler sales declines of about 25 to 35 percent; GM sales declines ranging from about 19.3 to 37 percent; and Ford declines from about 14.4 to 30 percent.
Analysts expect automakers to report some supply constraints on fuel-efficient vehicles including the Toyota Corolla compact and Prius hybrid sedan as well as Honda's Civic and Fit passenger cars.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Spain, Italy Report Large Decrease in Car Sales in Aug 2008
MILAN,; Gilles Castonguay writing for Reuters reported that Spain and Italy suffered the hardest falls in the first batch of new car sales figures for August on Monday as signs of an economic slowdown kept drivers out of the showrooms.
The drop in sales in France and its neighbour Belgium were less dramatic. One reason is that France has an incentive scheme for the purchase of less-polluting cars.
But French champions Renault and PSA Peugeot Citroen have had to face the same difficulties as other European manufacturers -- concerns about the economy combined with inflation, high fuel prices and a credit squeeze.
They and other automakers face growing doubts about their ability to meet sales targets this year and the next. At least one -- Renault -- has cut its volume sales target for 2009.
Of the four countries in Europe to report new car sales on Monday, Spain was the most dramatic.
It recorded the biggest drop this year as sales fell 41.3 percent to 58,530 vehicles, the fourth straight month of declines, results from industry group Anfac showed.
Sales for the first eight months of the year came to 882,397 vehicles, down 21.1 percent.
Italy's sales fell for the eighth month in a row, down 26.42 percent to 77,156 units, the biggest monthly drop this year, according to government figures. For the first eight months, sales totalled 1,531,598 units, down 12.04 percent.
Sales at Fiat, the country's biggest car maker, fell 23 percent to 25,567, according to Reuters calculations.
Promotor, an Italian research group, said comparisons with the previous year were difficult because the Italian market had reached the end of an 11-year period of elevated sales, helped by tax incentives for the purchase of new, less-polluting cars in 2007.
In France, sales fell 7.1 percent, the country's CCFA car maker association said.
Renault showed a 0.2 percent fall in sales while PSA Peugeot Citroen sales fell 4.9 percent.
Belgian sales fell 2.7 percent to 32,954 units, according to Febiac, the Belgian Federation of Car Industries.
In Finland, sales were down 14.3 percent to 9,453 cars because of high fuel prices and high interest rates.
Germany's VDA car industry group publishes its numbers on Tuesday.
Source : http://www.theautochannel.com/
(9/2/2008)
|
BMW 135i Outpoints Its Competitors to Become Consumer Reports' Top-Rated Sporty Car
YONKERS, N.Y., PRNewswire-USNewswire/ -- The BMW 135i achieved an "Excellent" overall score and outpaced all its competitors to become Consumer Reports' top-rated sporty car in testing for the October issue. The 135i drew praise for its splendid handling, a punchy engine delivering a 0-to-60 mph acceleration time of 5.2 seconds, and its overall fun-to-drive quality.
Other highly-rated cars in this month's test group of eight sports and sporty cars were the Subaru Impreza WRX STi, Volkswagen R32, and Mitsubishi Lancer Evolution, in that ranking order. All three of those vehicles achieved overall scores that were also in the "Excellent" range, but lower than the 135i. The four top-rated vehicles ranged in price from $33,630 for the R32 to $38,078 for the "Evo."
The October test group also included four other cars, which are priced about $10,000 less and delivered impressive performance for the price. They included the Subaru Impreza WRX, Chevrolet Cobalt SS, Nissan Sentra SE-R, and Dodge Caliber SRT4. Prices for those models ranged from $23,310 for the SE-R to $25,169 for the WRX.
The issue also includes an "Auto Test Extra" report on the Volvo C30 hatchback, which is less sporty than the other eight models tested but is stylish and capable. It earned a "Very Good" overall score.
"The new 135i is quick, well balanced and a lot of fun to drive," said David Champion, senior director of automotive testing for Consumer Reports. "The engine is smooth and powerful and returns relatively good fuel economy. Steering and brakes are excellent, and the cabin is well finished and quiet, with comfortable front seats."
Full tests and ratings of the sporty cars group and the C30 appear in the redesigned October issue of Consumer Reports, which goes on sale September 2. The reports are also available to subscribers of www.ConsumerReports.org.
The only vehicle that Consumer Reports is Recommending from this month's testing are the Subaru Impreza WRX and the more aggressive WRX STi, based on previous Subaru models' reliability. The other tested vehicles are still too new for Consumer Reports to have reliability data on them. CR only recommends vehicles that have performed well in its tests, have at least average predicted reliability based on CR's annual survey of its more than seven million print and web subscribers, and performed at least adequately if crash-tested or included in a government rollover test.
BMW began selling the 135i in the U.S. this year, but the 1 Series has been sold elsewhere since 2004. In addition to having the quickest 0-to-60-mph acceleration time in this group, it also had the shortest braking distances on dry and wet surfaces, and the highest speed through CR's avoidance maneuver, which measures at-the-limit handling. The 135i ($37,650 Manufacturer's Suggested Retail Price as tested) is powered by a 300-hp, 3.0-liter, twin-turbocharged six-cylinder engine that delivers uninterrupted punch and pulls powerfully from idle to redline. Expect 23 mpg overall on premium fuel. The six-speed manual transmission shifts accurately and smoothly but is a bit notchy. The brakes are excellent.
Redesigned for 2008, the WRX STi delivers impressive acceleration, braking, and handling. Still, the STi doesn't live up to the standards set by the previous generation car. It isn't as exciting to drive, the steering isn't as sharp, and the shifter and clutch require lots of effort to use. The STi ($37,640 MSRP as tested) is equipped with a 305-hp, turbocharged 2.5-liter four-cylinder engine that delivers quick acceleration when pressed except in very low revs. The STi returned 21 mpg overall on premium fuel in CR's own fuel economy tests. Braking is excellent.
The limited-production Volkswagen R32 ($33,630 MSRP as tested) is a more powerful, luxurious, and pricier all-wheel-drive version of VW's impressive GTI. It provides superior handling balance, accelerates briskly, sounds muscular and brakes well. It pampers occupants with comfortable seats, a high-quality cabin, and decent ride-comfort and noise levels for this class. The R32 is powered by a 250-hp, 3.2-liter V6 that is both responsive and strong. The six-speed, automated manual transmission shifts smoothly and quickly. CR averaged 22 mpg overall in its tests on premium fuel. Braking was very good.
The Lancer Evolution, or Evo, is an uncompromising high-performance sports car. With quick acceleration and impressive handling, it is a lot of fun in the right conditions. But its frenetic highway behavior, stiff ride, raucous cabin, spartan interior, and confining seats mean that this car is not for the average driver. The Evo ($38,078 MSRP as tested) is powered by a 291-hp, 2.0-liter turbocharged four-cylinder engine that is a strong performer. Its five-speed manual transmission performs well, but its short gearing adversely affects noise and fuel consumption on the highway. CR recorded 21 mpg overall on premium fuel. Brakes are excellent.
The WRX is roomier, quieter, and more comfortable and refined than its predecessor. But it's lost some sportiness that made the original so much fun to drive. It still remains a practical, affordable, sedan that's quick and fairly agile. The WRX ($25,169 MSRP as tested) is propelled by a 224-hp, 2.5-liter turbocharged four-cylinder engine that provides effortless power while averaging a respectable 24 mpg on premium fuel. The five-speed manual transmission shifts well. Braking is excellent.
Swapping out a supercharger for a turbocharger and implementing other tweaks make the revised 2008 Chevrolet Cobalt SS a better car and a more credible sports coupe. It accelerates quickly and has capable handling, excellent brakes, and a tolerable ride. The engine and exhaust note sound invigorating. But its score was hurt by unimpressive interior fit and finish, wind noise, and rear-seat access. The Cobalt SS ($24,535 MSRP as tested) is powered by a 260-hp, 2.0-liter turbocharged, four-cylinder engine that delivers excellent acceleration and 22 mpg overall on premium gas. The short-throw five-speed manual transmission shifts crisply.
Years ago, the Sentra SE-R was a fun-to-drive little pocket rocket, but no more. CR tested the sportiest, most powerful current version, called the Spec V. Yet when it comes to sporty driving, it's unimpressive. It has decent power and a fairly roomy interior. But there is little that is special about its handling. The Sentra SE-R Spec V ($23,310 MSRP as tested) is equipped with a 200-hp, 2.5-liter four-cylinder engine that delivers lively acceleration and averaged 30 mpg on premium. Its six-speed manual transmission is a bit clunky. Braking is very good. The SE-R was the only car in this group without electronic stability control, a valuable safety feature.
An attempt to make the mediocre Caliber into a sports car, the SRT4 succeeds only in creating a faster version of a car that was crude to begin with. The SRT4 is relatively quick, and the engine sounds good, but it fails to deliver where it matters most: the fun-to-drive factor. Clumsy handling, a balky shifter, a heavy clutch, a very stiff ride, and constant loud noise compromise the driving experience. The SRT4 ($24,930 MSRP as tested) is powered by a 285-hp, 2.4-liter turbocharged four-cylinder engine that delivers strong acceleration but feels coarse. The six-speed manual transmission has long throws and heavy shifter effort. Brakes are very good.
Source : http://www.automotive.com
(9/2/2008)
|
Porsche Drives Web Site to New Level of Interaction
ATLANTA, PRNewswire/ -- Until now, consumers have been able to "build" a car of their choice on almost every auto maker's Web site; however, to experience the true beauty of the new 2009 Porsche 911, Porsche Cars North America (PCNA) is taking its site's visitors to the next level of Internet interactivity by enabling them to draw their own roads and then "drive" on this virtual asphalt.
Developing the latest automotive advances has been a hallmark of the Porsche brand, and the company's new, innovative "micro-sites" use the most up-to-date digital technology to offer a sense of what driving a 2009 Porsche 911 is all about, as well as immerse visitors in the 911's features.
"Our goal was to go well beyond simply picking the colors and options on a new 911; the goal is to actually make it possible to have an engaging experience with the car that hints at what it is like to get behind the wheel," said David Pryor, PCNA's Vice President of Marketing. "You could say the technology available on our Web site is providing an engaging and clear way to communicate the technology in our car."
The latest version of the iconic Porsche, the updated for 2009 911, goes on sale September 20 and features significant advancements, including engines with direct fuel injection (DFI) and an optional seven-speed transmission called Porsche-Doppelkupplung (PDK), which is essentially two transmissions in one: an automatic that is actually a true manual that uses two automatically engaged clutches. The result is more power in the 911 model series with improved fuel efficiency, a development that helps Porsche meet today's demands for reducing environmental impact, yet maintain the brand's performance persona.
"Obviously, the best way to understand why this new technology is important is to drive the car; we think the second best way can be experienced by navigating the new web features," said Pryor. "Our goal is to deliver an unparalleled car-driver connection."
Working through its ad agency of record, Cramer-Krasselt, Porsche addressed the marketing challenge of replicating this connection online by developing a new 911 micro-site that delivers as immersive an experience as possible in the digital realm. The new 911 Web site goes beyond simply providing information at the click of the mouse by bringing the user into the equation. A visit, either through porscheusa.com/911 or from buttons within www.porscheusa.com , begins with a product tour, during which the user interacts with the car by turning it, looking at its interior, and reviewing key features, such as Porsche-Doppelkupplung (PDK) and DFI.
The interactivity moves to the next level when the mouse-controlled cursor turns into a "wax pen" as the site allows the visitor to use his or her mouse to draw a three-dimensional road course on the computer's monitor to "test" the mettle of the new Porsche 911.
"This is followed by a video of the fully rendered, computer-generated-image (CGI) silver 911 driving the course," explained Cherfoli. "We use the same detailed computer-aided-design (CAD) files used by our engineers in the design of the new 911 for the CGI version throughout this site to ensure authenticity. If the user wants, he or she can share the file virally with others."
The site is supported by print advertising and interactive online banners that also bring to life the unique car-driver connection, featuring a heart-beating Porsche crest, DNA chains that build the perfect car with drive-train and gears that replicate themselves like multiplying cells, and copy that reads: "So evolved it's almost alive. Connect with a car like you've never experienced. Connect to the Core. The new 911."
For those who want to delve into the advanced workings in the 911 there is also the new Porsche Technology Web site, which can be reached either at porscheusa.com/technology or by clicking on buttons within the primary Porsche consumer site www.porscheusa.com , functions like a search engine. Users find information as they would on sites like Google -- simply by typing a word or phrase into the search bar and receiving all possible technical matches.
For example: typing "ceramic" into the search bar returns the choice of Porsche Ceramic Composite Brake (PCCB), along with a short summary of this feature and a list of models which offer it. Clicking "911 Carrera & 911 Targa 4 Models" brings up another Web page with a specific written description and a video about the PCCB offered on these versions of the new 911.
"We use videos and computer animations to go beyond simple words to explain and demonstrate a feature," said Josh Cherfoli, PCNA's Online & Relationship Communications Manager. "The type and format of the information we provide is what an Internet-savvy user expects from a cutting edge company like Porsche."
Both Web sites will be promoted in all advertising and marketing materials. Looking to expand the appeal of the 911, while staying connected to the core Porsche target buyer, the online advertising buy will include, for example, Forbes.com, Wired.com and Bloomberg.com, and print ads will be featured in car trades and publications such as BusinessWeek, Fortune and Golf Digest. In advance of the advertising launch, Porsche recently sent customized direct mail pieces -- each including a personalized Porsche 911 badge -- to Porsche enthusiasts and past and present 911 owners.
Source : http://www.automotive.com
(9/2/2008)
|
SPX Acquires AUTOBOSS
SHANGHAI, China, PRNewswire-FirstCall/ -- SPX Corporation today announced that its Service Solutions business unit has completed its acquisition of AUTOBOSS Tech, Inc., a Shenzhen, China-based manufacturer of diagnostic tools and equipment serving China's fast growing vehicle maintenance and repair market.
"This investment further underscores our commitment to accelerate growth and expand our business in strategic markets, China in particular," said David J. Wilson, President of SPX Service Solutions, Asia Pacific. "The leaders of AUTOBOSS have developed an outstanding brand that we will leverage to expand our aftermarket business in China and across the region. We are pleased the leadership team has committed to continue working with us.
"AUTOBOSS broadens our product portfolio, adds extensive channel coverage and gives our global engineering team a great opportunity to accelerate the development of our next generation diagnostics tools," Wilson added.
"It was a pleasure to work with SPX on this transaction," said David Wen, former President of AUTOBOSS. "I am very pleased to know that the company I created will be run under SPX's capable leadership and that my former employees will have solid career opportunities ahead of them."
"My team can now fulfill their vision to become the premier service solutions provider in the region," added Wen, who has agreed to remain on as a consultant to SPX.
Source : http://www.automotive.com
(9/2/2008)
|
Euro-Spec 2009 Subaru Forester Gets Boxer Diesel, Six-Speed Manual Gearbox
CHERRY HILL, New Jersey — Subaru of America released details on the European-market 2009 Subaru Forester 2.0D today. It will get the 2.0-liter horizontally opposed diesel four-cylinder already offered in the Euro-spec Subaru Legacy, along with a new six-speed manual transmission.
Guaranteed to be the volume-selling Forester in Europe, the 2.0D has a 2.0-liter turbocharged diesel-4 rated at 145 horsepower at 3,600 rpm and 258 pound-feet of torque from 1,800-2,400 rpm. As in the Legacy, this engine uses an aluminum block — uncommon among diesels, which typically employ an iron block to withstand the vibration of their inherently tall compression ratios.
That horsepower figure might not impress given that the U.S.-market Subaru Forester gets 170 hp out of its normally aspirated 2.5-liter gasoline boxer-4 and 224 hp from the turbocharged 2.5-liter in the Forester 2.5XT. However, the boxer diesel has significantly more torque than its gasoline counterparts. Even the 2.5XT offers just 226 lb-ft. Subaru says the diesel 2009 Subaru Forester has a 4,400-pound tow capacity.
Just as significant is the introduction of a new six-speed manual transmission. Its gear ratios are much closer together than those of the five-speed manual Subaru offers on U.S.- and European-market Foresters, making it much better suited for a diesel engine's narrow power band. In addition, a tall 0.557/1 6th gear should promote better fuel economy during highway travel.
On the emissions front, the 2009 Subaru Forester 2.0D gets a closed-type particulate filter in lieu of the open-type filter in the diesel Legacy. Subaru says this type of filter can treat higher volumes of particulate matter, which would make it better suited for the heavier Forester. The filter is packaged with the turbocharger at the lower part of the engine.
Source : http://www.edmunds.com
(9/2/2008)
|
OEM Panel Spotlights Training Information Availability at NASTF Meeting
LEESBURG, Va., - The National Automotive Service Task Force (NASTF) Fall general meeting in Las Vegas at the Mandalay Bay on Tuesday, November 4, 2008 at 1:30 pm will offer attendees a panel discussion outlining the various training information resources available to the aftermarket. "The panel discussion will involve OEM representatives from the major vehicle manufacturers," said Charlie Gorman, NASTF Chairman. "The presentations will include information on a variety of training material, available in different formats, which will help aftermarket technicians prepare for the vehicle systems that will challenge them today and in the near future."
The full list of participating OEM carmakers is still being confirmed and will be made available prior to the NASTF meeting. In addition to the panel discussion, the NASTF general meeting will offer committee reports and organization updates, along with allowing participants the opportunity to provide input and comment directly to NASTF. "We encourage and invite all automotive professionals to attend and participate. No registration is necessary," said Gorman.
NASTF was established in 2000 to maintain an open dialogue between automobile manufacturers (or OEMs) and aftermarket repair technicians and to identify, communicate and resolve gaps in the availability and accessibility of automotive service information, service training, diagnostic tools, and equipment for the benefit of automotive service professionals and their customers. NASTF was incorporated in 2006. Additional details can be found at www.nastf.org.
As a 501(c)6 not-for profit organization, NASTF takes no position on any legislation that may be proposed or pending in state or national legislative bodies.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Peugeot Already Signed Up To Offer Customers New High Standards Of Customer Service And Repair
COVENTRY –: Peugeot dealerships are signed up to use the new Code of Practice New Motor Industry servicing and repairs Code enhances customer service Best practice conditions already in place throughout Peugeot dealer network
Peugeot Motor Company PLC is one of the first companies to sign up its entire UK dealer network to a new industry-wide Code of Practice designed to enhance standards of car servicing and repair. Though the Code of Practice was announced last Friday 29 August, Peugeot has worked in preparation for this timing and has already enrolled its entire dealer network to operate to these new standards, aided by the fact that high standards of customer service were already in place.
The Code of Practice provides customers with flexibility and choice regarding dates and times for service booking and completion, as well as guarantees against work done. The self regulatory Code also covers all Dealers whatever their size, encouraging good practices that provide a more dependable and open style of operation.
Andy Bye, Peugeot’s Director of Quality & Customer Relations said; “We welcome the introduction of this initiative, and are delighted too that all Peugeot dealers in our UK network are already signed up to provide our customers with a Code of Practice that will further enhance customer satisfaction. All customers will benefit from this initiative because they have access to dependable, honest and fair services, transparent pricing, completion of work as agreed, invoices that match quoted prices, served by competent and conscientious staff.”
Source : http://www.theautochannel.com/
(9/2/2008)
|
Kia Confirms Engines for New Soul Urban Crossover - Gas and Diesel
(SEOUL) -- Kia Motors Corporation has confirmed that its all-new Kia Soul urban crossover passenger car will go on sale early next year with a choice of two gasoline engines and one diesel* engine with manual or automatic transmission (depending on individual markets).
(The most powerful engine will be a 2-litre gasoline unit producing 142 ps at 6,000 rpm and 186 Nm of torque at 4,600 rpm. This engine will be offered with a five-speed manual transmission or a four-speed automatic.
(A smaller capacity 1.6-litre gasoline engine will be offered in most countries, while consumers in Europe (and some general market countries) will be able to order a 1.6-litre diesel engine featuring a VGT (variable geometry turbocharger). Both of these highly efficient 1.6-litre, four cylinder, 16-valve DOHC powertrains are based closely on engines fitted to the hugely successful, European-built, Kia cee'd.
(The all-aluminium gasoline engine generates 126 ps at 6,300 rpm and 156 Nm of torque at 4,200 rpm. The diesel delivers 126 ps at 4,000 rpm and a very competitive 255 Nm of torque at just 2,000 rpm.
"The Kia Soul is a brand new urban crossover passenger car that will challenge customers to free their minds. It is packed with clever and liberating features and will offer cavernous passenger space that matches or even outperforms many vehicles with much larger exterior dimensions," enthuses Hyoung-Keun Lee, Senior Executive Vice President & COO, International Business Division.
(Kia Soul is a five-door hatchback with front-wheel drive, a high roofline and an unusually long wheelbase. Overall length is 4,105 mm with a 2,550 mm wheelbase. Overall height is 1,610 mm, the base of the windshield is 135 mm higher than a typical compact car, the hip-points are 120 mm higher and the ground clearance is raised by 45 mm.
(Access to the new Kia Soul's spacious interior is remarkably easy and the cabin will deliver head, leg and shoulder room that matches or exceeds many larger vehicles. Generous headroom (1020/1005 mm front/rear), legroom (1070/990 mm front/rear) and shoulder room (1403/1400 mm front/rear) will ensure that Soul can accommodate five large adults in genuine comfort.
(Looking ahead to the Paris Show debut, Gregory Guillaume, Chief Designer, Kia Motors Europe, commented, "Drivers and passengers will be treated to a very unique experience when sitting inside the Soul for the first time. The tall doors and high-mounted seats make for easy access, while the 'laid-back' dashboard design, triple dial instrument cluster and thick-rimmed steering wheel create a combination of spaciousness for passengers and tailored fit for the driver, generating a very special ambience."
Source : http://www.theautochannel.com/
(9/2/2008)
|
Metaldyne Signs Agreement to Divest GLO to SKF
PLYMOUTH, Mich., PRNewswire/ -- Metaldyne Corporation, an Asahi Tec company, today announced it has entered into an agreement to divest its GLO S.r.L. operation in Poggio Rusco, Italy, to AB SKF of Goteborg, Sweden.
The decision to divest this operation is another step in Metaldyne's Plan to Win, which is aimed at creating value for the company's stakeholders. Under the Plan, Metaldyne has streamlined its cost structure, focused its capital expenditures and intensified its product line focus, all to improve performance.
"One of the major initiatives of the Plan to Win is to concentrate on our core products," said Thomas A. Amato, chairman and CEO of Metaldyne and co-CEO of Asahi Tec. "We are pleased to see this transaction come together where ultimately GLO will become part of the SKF family of businesses."
GLO designs, develops and produces constant velocity joints for the aftermarket and OEM automotive industry. The SKF Group is one of the leading global suppliers of products, solutions and services in the area comprising rolling bearings, seals, mechatronics, services and lubrication systems. It is acquiring GLO to broaden the existing product range and to strengthen its presence in the European vehicle aftermarket segment.
"GLO is one of the leading manufacturers in the European automotive aftermarket and has a broad range of products well suited for this market," said Lars Wilsby, head of SKF Global Automotive Aftermarket Operations. "Its commitment to delivering quality products on-time to its customers is a great fit with SKF. We see excellent growth potential for this operation."
The acquisition is subject to certain conditions to closing and requires approvals by relevant authorities.
GLO is an indirect wholly-owned subsidiary of Metaldyne Corporation that began production of constant velocity joints in 1978 and was acquired by MascoTech in 1988 before becoming part of Metaldyne in 2000.
Proceeds from the sale will be used to pay down debt or for general funding purposes.
Source : http://www.automotive.com
(9/2/2008)
|
Chery Automobile To Invest More Than RM50 Mln In New Plant
KUALA LUMPUR, (Bernama) -- China's car maker, Chery Automobile Co Ltd, is looking to invest more than RM50 million in equipment at its new completely knocked down (CKD) plant to be built in Pekan, Pahang.
Chery Alado Holdings Sdn Bhd chairman Tan Sri Cam Soh Thiam Hong said the plant, expected to be operational by end of 2009, will produce up to 100,000 units of Chery vehicles a year from 10 models including hybrids, sports utility vehicles, multi-purpose vehicles and executive cars.
Chery Alado is a 50:50 joint venture between Alado Corp Sdn Bhd and Chery Automobile Co Ltd. Before this, Alado has set up a plant in Johor Baharu with Oriental Assemblers Sdn Bhd to assemble CKD Chery cars.
Cam however did not disclose the total investment for the new plant but said he will announce it with the joint-venture partners which may include a government-link company in the next two months.
Cam said Pekan was the ideal location to set up the plant given its proximity with Chery's shipyard from China which would hasten bringing in of the auto parts.
He was speaking to reporters after the launch of the Chery Eastar MPV by Deputy Prime Minister Datuk Seri Najib Tun Razak.
The Eastar MPV, priced between RM79,888 and RM86,888, is locally assembled at the Johor Baharu plant.
"We expect to export up to 30 percent of the Eastar to Indonesia, Thailand, Singapore and Australia. For the local market, we target to sell around 120-200 units a month," he said.
He however said it would be difficult to meet the local target as people tend to go for fuel-efficient smaller cars.
Cam urged the government to provide more incentives to foreign auto firms to woo them to Malaysia and also lower spare parts cost.
Source : http://www.bernama.com.my
(9/2/2008)
|
2008 Paris Auto Show Preview: Toyota Sets Three Premieres
PARIS — Toyota has announced that it will unveil three new models at the 2008 Paris Auto Show on October 2. The trio run the gamut of the Japanese automaker's product portfolio. The flagship Avensis sedan will be shown in all-new third-generation form, as will the production version of the little low-emissions iQ four-seater. The third debut will be the all-wheel-drive Urban Cruiser.
The Avensis will be more Lexus-like with improvements to the exterior look and interior design and quality, Toyota says. The car is built in the U.K. and will go on sale in Europe in 2009.
The iQ was first shown at the 2008 Geneva Auto Show this past spring as a concept. It is, Toyota says, "the world's smallest premium four-seater ever built," and it is also a showpiece of safety features with rear-window curtain shield airbags and other active and passive safety features. It is also a low-emissions vehicle at 99 g/km, Toyota says.
Rounding out the Toyota debuts is the AWD Urban Cruiser, also a former Geneva concept. This one is an all-new "urban all-roader" with a 1.4-liter diesel engine with a rugged exterior design but low emissions at 133 g/km for, Toyota says, "tomorrow's low-carbon society."
The iQ and Urban Cruiser are both expected to go into production in 2009, British media are reporting.
Source : http://www.edmunds.com
(9/2/2008)
|
Iveco Delivers the 1,000th Daily Minibus to the Variety Club
WATFORD –: The Variety Club’s Sunshine Coaches fleet has taken delivery of its 1,000th minibus from full range commercial vehicle manufacturer Iveco, which has been the charity’s sole provider of minibuses since 2001.
The milestone delivery was made at Sandown Park on Saturday 30 August during the 50th annual Variety Club Raceday, where the new 17-seat Iveco Daily minibus was presented to Kevin Ward, Headteacher of Holmleigh School. Located in Stamford Hill, London, the school caters for 240 disadvantaged children aged 3-11, some with learning difficulties.
Like all of the 999 Iveco Dailys delivered to the Variety Club before it, this special vehicle will be used to give young passengers the opportunity to go on trips for education, leisure, sports and fun.
Speaking at the presentation, Ken Mustoe, Sunshine Coaches Chairman says: “In delivering this new vehicle to Holmleigh School we are continuing a trend started by the Variety Club in 1962 when we delivered our very first Sunshine Coach. Since then we’ve supplied vehicles to more than 4,830 organizations nationwide, with this 1,000th Daily marking a very special day in our relationship with Iveco.
Andrea Bucci, Marketing Director of Iveco, adds: “Each Sunshine Coaches minibus plays a huge role in enhancing the lives of sick, disabled and disadvantaged youngsters all over the country. They help to open doors to opportunities these children might not otherwise enjoy, making the Variety Club an excellent charity which Iveco is proud to support.”
Each new Daily in the Sunshine Coaches fleet is supplied through Iveco dealer Stormont Truck & Van and is expected to cover over 70,000 miles during its life on the fleet. The vehicles are individually awarded by the Variety Club to schools with special needs pupils, children’s hospitals and hospices, as well as to organisations striving to improve the quality of life for young people generally.
The supply of this 1,000th Daily to Holmleigh School replaces its previous requirement to hire minibuses for school trips, and marks the first Sunshine Coaches vehicle it has operated.
Together with the delivery of this landmark vehicle, Iveco also presented the Variety Club with a donation for £30,000 towards the charity’s continued good work.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Aston Martin CEO Confirms the Revival of the Lagonda Marque
LONDON -: Aston Martin Chief Executive Officer Dr Ulrich Bez has today confirmed his intention to revive the Lagonda marque.
1987 Aston Martin Lagonda (Currently on sale at eBay.com. Call Bo at 601-442-9121 for information).
In a statement today he said, “After my eight years with Aston Martin, four with profitability, and 16 months of independence, it’s time to think about a longer term future. Aston Martin is an honest, authentic brand which builds the most beautiful sportscars combining modern technology with craftsmanship. Next year we will launch the four door Rapide sportscar, and this will be followed by the project ‘one 77’, the most spectacular Aston Martin ever. Aston Martins are currently available in 32 countries but we will remain limited in our market penetration by the pure character of our cars - sportscars.
“We have now investigated and concluded that the revival of the Lagonda brand would allow us to develop cars which can have a different character than a sportscar, and therefore offer a perfect synergy. Lagonda will use a unique design language as Aston Martin does. We will take elements of DNA from the past but will be very future orientated as we are with Aston Martin. With Lagonda offering exclusive, luxurious and truly versatile products with high quality and usability and suitable for both existing and emerging markets, I believe we can be present in more than 100 countries in the world.
“In 2009 Lagonda is about to celebrate its 100th birthday and in its centenary year we are confident that we will show the first concept of a car which could be in the market in 2012,” he confirmed.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Subaru Increases Its Presence in Georgia
CHERRY HILL, N.J., PRNewswire/ -- Subaru of America, Inc. announced today the opening of its latest dealership, Subaru of Kennesaw, GA.
The new dealership is operated by Ryan Troncalli and will employ approximately 30 staff members including sales, service and vehicle technicians.
"We are pleased to welcome another dealership to the Georgia market," said Tomohiko Ikeda, chairman, president and CEO, Subaru of America, Inc. "It is clear that the strength of the Subaru brand is attracting more dealer investment to our franchise. Our product line up is the best in the company's history and we believe this will be yet another successful venture for Mr. Troncalli and Subaru."
Developed under the Subaru Signature Facility Program, the new Subaru of Kennesaw facility has a contemporary image that represents the progressive design and advanced technology of Subaru vehicles. The exterior finishes include metallic surfaces, natural slate, and a sleek, all-glass view into the showroom. The curved front wall provides both architectural interest and express progress.
The interior architecture provides high, open spaces with extensive sight lines between areas. A mixture of both private and open spaces will be offered for all customer functions, including sales, service, and waiting.
The materials to be used throughout the interior of the facility include natural slate, cherry hardwood flooring, architectural glazing, granite surfaces, wood veneer furnishings, and leather upholstery, to express richness, authenticity and quality. The interior is illuminated with soft, consistent lighting.
Source : http://www.automotive.com
(9/2/2008)
|
Kia Soul revealed
This is the new Kia Soul pseudo-4x4, which will be unveiled at the Paris motor show next month.
Despite its high roofline and off-road looks, the car, which will go on sale next spring, is described by Kia as a five-door hatchback. It is front-wheel-drive only.
Buyers can choose between 124bhp 1.6-litre petrol and diesel engines, which are available with a choice of manual or automatic gearboxes. The diesel engine produces 188lb ft of pulling power and the petrol 115lb ft.
Prices are expected to start from around £11,000.
Source : http://www.whatcar.co.uk
(9/2/2008)
|
Aston Martin To Bring Back "Lagonda" Name for New Luxury Lineup
GAYDON, England — Aston Martin confirms it will bring out a new brand of luxury cars under the resurrected name Lagonda. The move should expand Aston Martin's global reach — and improve its worldwide sales — over the next few years.
The first glimpse of the new Lagonda will come sometime in 2009, during the brand's 100th anniversary, when the first prototype should appear. A production model is expected by 2012. The announcement came Monday from Aston Martin CEO Ulrich Bez, who says he hopes that the new brand will allow the company to sell vehicles in more than 100 countries, compared with the 32 in which Aston Martin currently has a presence.
"The revival of the Lagonda brand would allow us to develop cars which can have a different character than a sports car, and therefore offer a perfect synergy," said Bez. "Lagonda will use a unique design language, as Aston Martin does. We will take elements of DNA from the past but will be very future orientated as we are with Aston Martin."
Bez says Aston Martin volume is currently held back by the limited market demand for sports cars, but Lagonda will offer new opportunities with "exclusive, luxurious and truly versatile products with high quality and usability and suitable for both existing and emerging markets."
The Lagonda brand has been owned by Aston Martin since 1947. The last major production model sold under the Lagonda name, the Rapide, ended production in 1965. The Rapide name will be brought back with a four-door sedan set to go on sale in 2009, but that car will be sold under the Aston Martin nameplate.
Source : http://www.edmunds.com
(9/2/2008)
|
NeoSynergy Further Extends Dealers' Advertised Pricing and Inventory
BLOOMFIELD HILLS, Mich., - NeoSynergy, a Web-based automotive software firm is introducing additional technologies to broadcast automotive dealers' new-vehicle pricing and inventory, called Best Deals, to aggregator sites such as Google Base and Oodle. The firm will also begin pushing advertising and inventory to other automotive portals through gadgets and widgets later this summer. The extension of their network further establishes NeoSynergy's suite of tools as the premier solution for dealers to sell more cars while spending less money.
"The Internet marketplace has radically changed in just the last few years," says NeoSynergy CEO and President David Wassmann. "Older online sales companies have spent millions of dollars in marketing to pull readers to their sites. As the technology has evolved, we recognized that it is much more successful, and cost effective, to push content to Websites consumers are already using to find information, such as Google, Oodle, AOL or other shopping destinations."
NeoSynergy recently launched a Best Deals landing site as a destination for content displayed on current and future aggregator sites. In less than one month this network-building approach increased traffic to dealer inventory by 12 percent.
"This site is another great tool we provide the dealer to promote and sell his inventory and specials, and provides a platform for further network expansion," says Wassmann. "And it is an important part of our comprehensive strategy that has resulted in a jump of 120 percent in impressions just this summer."
For consumers, Best Deals offers unique information that reflects the actual purchase or lease price -- not just the published invoice and MSRP information. Best Deals allows dealers and their advertising agencies to modify pricing on a real-time basis -- even after prices have been published -- and reflects industry trends: 80 percent of consumers research new vehicle purchases online and 59 percent of automotive dealers report they are planning to increase spending on online marketing. New inventory-publishing tools in the Best Deals service have made the process of online advertising even easier for subscribers.
Best Deals content will also be distributed to gadgets and widgets on other auto portals later this fall, in addition to a standalone gadget that will be available for installation on any third party website.
Additionally this fall, Best Deals subscribers will also be able to take advantage of a pay-per-click feature and NeoSynergy's new Best Deals Direct application, a revolutionary feature for the online automotive industry that allows consumers to place a deposit directly with the dealership online.
"Since the pay-per-click feature and Best Deals Direct application is nested within the Best Deals content, we'll be adding powerful tools that drive traffic to dealer websites and promote dealer sales," says Patty Cox, CMO.
According to Capgemini, 20 percent of consumers are now willing to consider completing their vehicle purchases online, up from two percent in 2001.
Source : http://www.theautochannel.com/
(9/2/2008)
|
Consumer Reports Analysis: Some Hybrid Cars Can Save Owners Thousands of Dollars...
YONKERS, N.Y., PRNewswire-USNewswire/ -- With gas prices soaring, Consumer Reports' latest analysis of owner costs shows that drivers can save anywhere from $500 to $4,250 over a five year ownership period by choosing selected hybrids rather than similar conventional gasoline-powered vehicles.
Six of the 12 hybrids CR experts looked at -- Toyota Prius and hybrid versions of the Chevrolet Malibu, Chevrolet Tahoe, Ford Escape, Saturn Vue, and Toyota Camry -- can save consumers about $500 to $4,250 even without tax credits, and pay back their price premium after only one year. For several of these hybrids, owners can save even more by taking advantage of federal tax credits.
CR experts compared the five-year owner costs of 12 hybrids with those of similar conventional vehicles using Consumer Reports' new-car owner-cost estimates, introduced in the April 2008 issue.
The Toyota Camry hybrid, which gets 34 mpg overall in CR's tests, saves the most money, about $4,250 over five years compared with a similarly equipped four-cylinder Toyota Camry XLE, which gets 24 mpg.
The Saturn Vue Greenline Hybrid can save about $3,000, while the Toyota Prius and Chevrolet Tahoe save $2,000 and $1,500 respectively, when compared to their non-hybrid counterparts. With tax credits, the Vue and Tahoe come out ahead by about $4,500 and $3,700. Federal tax incentives are no longer available for Toyota and Lexus hybrids.
The report, "Which Hybrids save you money" is available in the redesigned October issue of Consumer Reports, on sale September 2 on newsstands and online at www.ConsumerReports.org.
The October issue of CR also features an analysis of how drivers can save gas and money by opting for a car with a stick shift. In recent tests, Consumer Reports found that cars with a manual transmission can improve gas mileage by a notable 2 to 5 mpg, compared with an automatic transmission, and can cut a car's price by $800 to $1,200.
It would take many years for most hybrids to pay back their premium price just on fuel savings alone. But fuel costs are a relatively small part -- 25 percent -- of the overall owner costs in the first five years. Other factors include depreciation, insurance, interest on financing, maintenance and repairs, and sales tax.
Cost estimates were based on driving 12,000 miles per year and paying $4 per gallon for regular gasoline and $4.20 for premium.
"Most of the hybrids tested by CR have done really well, but hybrids have higher initial upfront costs," said Rik Paul, automotive editor, Consumer Reports. "If you can afford that initial cost, you can be better off buying one, and driving one might make you feel greener."
The Honda Civic, Nissan Altima, and Saturn Aura hybrids will cost drivers a little more than their conventional counterparts -- from $250 to $750 over five years -- but some consumers might find it worthwhile to drive a more environmentally friendly car. With federal tax incentives, all three come out ahead after just one year.
Three hybrids -- the Lexus GS 450h and RX 400h and the Toyota Highlander Hybrid -- cost more than their counterparts in the first five years. They show five year losses ranging from about $1,250 for the Highlander to $5,500 for the GS.
Source : http://www.automotive.com
(9/2/2008)
|
Brits Pick the Pontiac Aztek as Ugliest Car of All Time
LONDON — The Pontiac Aztek has beat out more than 300 nominees to be voted the ugliest car of all time by readers of British newspaper the Daily Telegraph.
The Aztek was first on a list of the 100 ugliest cars ever made as decided by reader votes. The top 20 included a thorough mix of the notoriously ugly — AMC Pacer, Ford Edsel, Ford Scorpio — and popular modern rides such as the Audi Q7, Chrysler PT Cruiser and Porsche Cayenne. Not surprisingly, the Aztek's chief competitor was the Fiat Multipla, an awkward fusion of square and round elements. According to the Daily Telegraph, the Fiat maintained a comfortable lead until voters discovered the Aztek — which was never sold in Europe — and a wave of votes poured in.
In 2007, the Aztek was listed as one of Time magazine's 50 Worst Cars of All Time. Although the Pontiac never met sales expectations and was widely criticized for its styling, it did score high in Consumer Satisfaction Index ratings and was named Most Appealing Entry Sport-Utility Vehicle by J.D. Power in 2001.
Source : http://www.edmunds.com
(9/2/2008)
|
Dario Franchitti to Join Scott Dixon at Target Chip Ganassi Racing in the IndyCar Series
CONCORD, N.C.– Target Chip Ganassi Racing announced they will be adding former IndyCar Series and Indy 500 champion Dario Franchitti as a teammate of the 2008 Indy 500 winner and current points leader Scott Dixon, as the driver of the No. 10 Target Honda. In addition, Chip Ganassi Racing and Target announced the details of their joint plans to take their partnership into its 20th season and beyond.
Chip Ganassi, Team Owner:
• “It is going to be very exciting to have Dario in one of our IndyCars next year. I have always admired his competitive spirit when he raced against us and have really grown to see more of what he is about this season while he raced in NASCAR. When there was a possibility of an opening on our IndyCar team, the only person I thought about was Dario. This is going to be a great move for Dario and for our team.
• “There is little in my racing career that I am more proud of than my team’s partnership with Target. We will be entering our 20th year with Target in 2009 and we could not be happier. In the market place Target has created a powerful brand that represents – VALUE, INNOVATION, DIFFERENTIATION & QUALITY. The image that Target has cultivated over the years played a huge part in how I wanted my race teams to be viewed. I have said many times that I am much less interested in having sponsors than I am in having PARTNERS. Partners look out for each other’s best interests at all times. I can honestly say that Target is our PARTNER.”
Gregg Steinhafel, CEO, Target:
• “We are excited about our relationship with Ganassi in both their IndyCar and along with Felix Sabates in their NASCAR operations, and we look forward to celebrating our 20th year with the team in 2009. This program has had tremendous success over the years, and we look forward to even more success in the years to come.”
Source : http://www.theautochannel.com/
(9/2/2008)
|
$10 Million Class Action Settlement Proposed on Behalf of Purchasers of Publicly...
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Central District of California, that a hearing will be held on September 29, 2008 at 8:30 a.m., before the Honorable George H. Wu at the United States Courthouse, 312 N. Spring Street, Courtroom 10, Los Angeles, CA, 90012, for the purpose of determining: (1) whether the proposed settlement of the claims in the Litigation for the sum of $10,000,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether, after the hearing, this Litigation should be dismissed with prejudice pursuant to the terms and conditions set forth in the Stipulation of Settlement dated as of May 1, 2008; (3) whether the Plan of Allocation should be approved by the Court as fair, reasonable, and adequate; and (4) whether Lead Counsel's application for the payment of attorneys' fees and reimbursement of expenses incurred in this Litigation should be approved.
If you purchased the publicly-traded common stock of U.S. Auto between February 9, 2007 and March 20, 2007, your rights may be affected by the settlement of this Litigation. If you have not received a detailed Notice of Pendency of Class Action and Proposed Settlement with all Defendants, Motion for Attorneys' Fees and Settlement Fairness Hearing ("Notice"), and a copy of the Proof of Claim and Release, you may obtain copies by writing to U.S. Auto Parts Network, Inc. Securities Litigation, c/o Complete Claim Solutions, LLC, P.O. Box 24643, West Palm Beach, FL 33416. If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release postmarked no later than October 29, 2008, establishing that you are entitled to recovery.
Source : http://www.automotive.com
(9/2/2008)
|
9/2/2008
Back
|