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May
16th

US: Hyundai investing in engine production

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Hyundai Motor's US unit plans to make an announcement on Monday (US time) regarding existing engine production facilities but it does not involve a capacity expansion, a company official has said.
May
16th

2011 Hyundai Genesis 4.6 Sedan, an AW Drivers Log Car Review:

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EXECUTIVE EDITOR ROGER HART: One might wince at spending more than $40 large for a Hyundai, until, maybe, one drove this car.
May
16th

Germany doubles EV research and development aid

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The German government announced an additional 1 billion euros ($1.4 billion) in research and development aid for electric vehicles, doubling its budget by 2013 in a bid to position itself at the technology's vanguard.
May
16th

Lexus CT 200h racer to debut at the ‘ring

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Gazoo Racing reveals uprated version of the Lexus CT 200h, set to debut at an endurance event at Germany's fearsome Nurbürgring


May
16th

GERMANY: VW sales continue to climb

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The Volkswagen Group reported a further rise in vehicle sales worldwide for the first four months of this year. Europe's largest automaker with 2.66m deliveries, up just under 14% on the same period a year ago.
May
16th

Chrysler may restructure refinancing terms, sources say

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Chrysler, seeking to raise $6 billion in new debt to repay government loans, is expected to restructure its proposed refinancing package this week after investors showed hesitation over the loan portion of the transaction, people familiar with the...
May
16th

Hyundai to expand Alabama engine plant

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Hyundai will invest $173 million to expand and modify an engine plant in Alabama, the state said on Monday. With the expansion, Hyundai will make the NU engine for the small Elantra sedan being produced at its Montgomery, Ala., plant.
May
16th

Hyundai, Alabama to make investment announcement

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South Korea's Hyundai Motor Co. and the state of Alabama will announce today an investment at Hyundai's Alabama plant near Montgomery, the company said on Sunday.
May
16th

COMMENT: Pang what?

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Google. "Pang Da" [enter]. "BOAT STERCULIA SEEDS - Pang Da Hai, Quantity: 50g, GBP1.25 (zero-rated). A seed to help moisten the lung and to clear the throat. May help the discomfort of tonsilitis and voice hoarseness." Try again. "Pang Da Automobile Trade Company" [enter]. Eventually, we arrive at the auto distribution company's international home page.
May
16th

COMMENT: Pang What?

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Google. "Pang Da" [enter]. "BOAT STERCULIA SEEDS - Pang Da Hai, Quantity: 50g, GBP1.25 (zero-rated). A seed to help moisten the lung and to clear the throat. May help the discomfort of tonsilitis and voice hoarseness." Try again. "Pang Da Automobile Trade Company" [enter]. Eventually, we arrive at the auto distribution company's international home page.
May
16th

SWEDEN: Latest Saab rescue deal receives cool welcome from suppliers body FKG

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Scandinavia's automotive suppliers association (FKG) has tentatively welcomed today's (16 May) news of an MOU between Saab and Chinese distributor Pang Da, but is questioning the Swedish government's apparent "silence" on the automaker's future.
May
16th

Audi unveils gas-powered A3

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Audi reveals unique new carbon-cutting strategy which includes two new models: a gas-powered A3 and all-electric A1 e-tron


May
16th

Audi unveil gas-powered A3

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Audi reveals unique new carbon-cutting strategy which includes two new models: a gas-powered A3 and all-electric A1 e-tron


May
16th

SWEDEN/CHINA: Saab inks manufacturing/distribution deal with Pang Da

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Saab Automobile owner Spyker Cars on Monday announced a planned strategic alliance with Pang Da Automobile Trade Co, China's largest publicly traded automobile distributor with over 1100 dealerships nationwide.
May
16th

VW to sell ‘Dim Sum’ bonds in Hong Kong

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Volkswagen plans to sell as much as 1.5 billion yuan (164 million euros) of five-year bonds in Hong Kong as soon as today, becoming the first foreign car company to issue so-called Dim Sum bonds.
May
16th

Skoda Fabia smashes economy record

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Fabia Greenline makes it from Austria to Denmark and back, averaging 127.9mpg.


May
16th

Harman CEO sees $250M in Russian sales by 2016

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Harman, one of the world's biggest audio system producers, is aiming to get its sales in Russia up to $250 million a year by 2016, betting on renewed growth in the car market, its chief executive said.
May
16th

Spyker announces Saab deal with China’s Pangda Automobile

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Spyker, the Dutch owner of Saab, announced a deal with China's Pangda Automobile, which it said would secure Saab's medium-term funding needs.
May
16th

Spyker announces Saab deal with China’s Pangda Automobile

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China's largest car distributor has come to the rescue of Saab in a deal worth as much as 110 million euros ($155 million) for the debt-ridden automaker, potentially staving off the collapse of one of Sweden's best-known brands.
May
16th

Tognum to back raised offer from Daimler, Rolls-Royce, sources say

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German engine producer Tognum plans to support a raised offer from Daimler and Rolls-Royce that values the company at 3.4 billion euros ($4.8 billion), two people familiar with the situation said.
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