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Jan
6th

First Chevy Camaro, Shelby GT500 to be auctioned for charity:

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Want to buy the first retail versions of two future icons? Get ready to pony up--for charity. Full story...
Jan
6th

US: December buyer bait a record

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The average automotive manufacturer incentive in the US was US$2,902 per vehicle sold last month, the highest ever for December, Edmunds.com said. Full story...
Jan
6th

Kia’s concept for Detroit wears Soulster name:

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Kia is tipping its Detroit auto show hand a little more by releasing another teaser shot of the concept vehicle it plans to debut. Full story...
Jan
6th

INDONESIA: Auto sales seen slipping

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Sales of new cars and motorbikes in Indonesia surged in 2008 but are expected to drop off this year as the effects of the global credit crunch hit, the local automotive association said. Full story...
Jan
6th

KUWAIT: Investment Dar in talks to sell Aston Martin stake – report

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Investment Dar is in negotiations with a Saudi investor to sell 10% in the luxury carmaker Aston Martin, according to local reports. Full story...
Jan
6th

JAPAN: Axed auto temps head to court

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Has a backlash by temporary workers summarily dismissed from their auto jobs in Japan begun? Full story...
Jan
6th

JAPAN: Bearing maker axing temps

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Following on from similar moves at automakers, Japan's biggest bearing maker NSK plans to dismiss about 2,000 temporary workers at domestic plants, company sources have said. Full story...
Jan
6th

Japan’s Toray expands carbon fiber production to Europe

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Japan's Toray Industries Inc., the world's largest supplier of carbon fiber, has taken a 21 percent stake in a German rival to begin producing lightweight auto parts in Europe. Full story...
Jan
6th

2009 Jaguar XF Supercharged- Four Seasons Update

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2009 Jaguar XF Supercharged- Four Seasons Update
2009 Jaguar XF Supercharged- Jaguar Sport Sedan, Fleet Update - Automobile Magazine
The S-type's replacement is the most dazzling new Jaguar sedan in years. We welcome the supercharged edition into our Four Seasons fleet.

A year ago, after editor-in-chief Jean Jennings traveled to Arizona for the world debut drive of the XF, Jaguar's new sport sedan, she reported that she was "ready to drive the XF home to Michigan." Her wish has now been partially fulfilled, as we have taken delivery of an XF Supercharged at our Ann Arbor office. For its $64,475 starting price, the big cat comes loaded to the whiskers, riding on twenty-inch wheels and featuring a 440-watt Bowers & Wilkins stereo that has drawn early praise. We added adaptive cruise control-the only available option aside from special paint-to bring the total to $66,675.


Photo Gallery: 2009 Jaguar XF Supercharged- Jaguar Sport Sedan, Fleet Update - Automobile Magazine


Full story...
Jan
6th

German billionaire investor Merckle commits suicide

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German billionaire Adolf Merckle, assailed by financial turmoil and struggling to salvage his business empire, has killed himself, his family said today. Full story...
Jan
6th

US: More fed funds ready for GM

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General Motors will receive its second US$5.4bn portion of its government loan on 16 January, the US Treasury has said. Full story...
Jan
6th

US: Hyundai launches ‘walkaway’ finance get-out

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California-based Hyundai Motor America has introduced a unique finance deal that allow customers to return cars if they lose their jobs in the first year. Full story...
Jan
6th

Hyundai incentive includes job loss insurance:

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During a focus group meeting in late November, Joel Ewanick, Hyundai Motor America's vice president of marketing, realized no matter how much cash Hyundai piled on the fenders, it probably wasn't going to get buyers into showrooms. Full story...
Jan
6th

Diesel XF Supercar Bares its Claws – Official

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XF line up gets new diesel flagship model with 600Nm of torque. Full story...
Jan
6th

GERMANY: Vehicle production down sharply in December

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German vehicle production fell last year for the first time since 2002, to 5.5m units, down three percent on 2007. Full story...
Jan
6th

AUTO SALES: GM, Ford, Honda, Toyota drag industry to 36% decline:

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General Motors, Ford Motor Co., American Honda and Toyota Motor Sales U.S.A. all reported sales declines of more than 31 percent in December as the U.S. auto industry capped its worst year since 1992. Full story...
Jan
6th

Ford leads Consumer Reports list of Detroit 3 picks:

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Ford Motor Co. dominates a special list of Detroit 3 vehicle recommendations by Consumer Reports in its February issue. Full story...
Jan
6th

GERMANY: Acoustic supplier insolvent

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German supplier Stankiewicz has commenced insolvency proceedings. Full story...
Jan
6th

Renault says reached stock reduction goal

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Renault has reached its year-end target of slashing rising stocks of unsold vehicles back to the levels it recorded at the end of 2007, chief operating officer Patrick Pelata said on Tuesday. Full story...
Jan
6th

AUSTRALIA: Toyota unit bullish amidst global gloom

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Plants may be closing for days in Japan after a 34-year sales low and volumes down in North America and Europe but the Australian arm of Toyota remains bullish, saying it defied global trends to establish a record in 2008. Full story...
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