Schaeffler's proposed changes to terms governing $7.9 billion of high-yield bonds, including a new 1.8 billion euro ($2.3 billion) loan, are being opposed by Schroders Plc., which manages some of the supplier's debt.
Toyota Motor is recalling about 1.75m vehicles worldwide to fix braking and fuel system problems. Of those, around 36,000 are Lexus models sold in Europe including 9,637 in the UK, a Toyota GB spokesman told just-auto.
News
15 Oct, 2014
Spy shots show finished F-Types sporting ‘AWD' badge, heralding a 4x4 sports car to fight the Porsche 991 Carrera 4
Mazda said it plans to begin production of a new small car in Thailand under the government's 'eco-car' programme in early November, with local sales scheduled to start in early 2015.
Honda says it remains committed to hybrids in Europe and will import a gasoline-electric hybrid version of its next Jazz subcompact in 2016, despite reducing its hybrid lineup in the region due to slow sales.
News
15 Oct, 2014
Lexus IS and GS models included in model recall to fix potentially faulty fuel delivery pipes
Features
15 Oct, 2014
We get the lowdown on a group of Tesla owners who have come together to make their chargers available to all Tesla drivers
News
15 Oct, 2014
Latvian armoured vehicle company Dartz Motorz has released an SUV with 1,500bhp, a retina scanner and electric shock door handles
Toyota today said it is recalling 1.67 million vehicles globally in a voluntary move to address three separate defects including a faulty brake master cylinder that could hinder the brake's performance.
Toyota is recalling 1.67 million vehicles globally to address three separate defects including a faulty brake master cylinder that could hinder the brake's performance.
Nissan will begin receiving some technology from the product-sharing partnership between Daimler and the Renault-Nissan Alliance, a senior Nissan executive says.
Bentley named Robert Engstler as its regional director for Europe. Austrian-born Engstler joins Bentley from the dealer group Porsche Holding Salzburg.
Once valued as a highly profitable vehicle niche, buyers have turned away from convertibles, hurting the business of roof systems suppliers such as Webasto, Magna CTS and Valmet.
Holger Engelmann, the CEO of German roof specialist Webasto, believes a drop in demand for convertible cars will lead to consolidation in the sector, but he sees potential growth opportunities in China.
Attention, autonomous-car enthusiasts: Audi has developed the world's sportiest piloted driving vehicle. The RS 7 piloted driving concept car will demonstrate its dynamic potential and driverless capabilities for the first time on the Hockenheimring during the season finale of the German Touring Car Masters (DTM) championship.
With 560 horsepower and a top speed of 305 km/h, the Audi RS7 piloted driving concept car uses specially corrected GPS signals for orientation on the track. Accurate down to a centimetre, these differential GPS data are transmitted to the vehicle via WLAN according to the automotive standard and redundantly via high-frequency radio.
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| Photo: Audi |
Parallel to this, 3D camera images are compared in real time against graphical information stored on board. The system searches in each of the countless individual images for several hundred known features, such as building patterns behind the track, which it then uses as additional positioning information.
"We are pressing forward with one of the most important trends in the automotive world with our technical solutions for piloted driving," says Prof. Dr. Ulrich Hackenberg, Board Member for Technical Development at Audi AG. "The utter fascination of this development will be put on display at the DTM race in Hockenheim. A lap time of just over two minutes and lateral acceleration of up to 1.1 g speak for themselves."
The lap by the RS 7 piloted driving concept car can be followed via live stream (
http://www.audimedia.tv/en). The broadcast begins at 12:45 p.m. on October 19th, 2014.
Some hot items used for the filming of Ron Howard's RUSH movie about the 1976 Formula 1 battle between Niki Lauda and James Hunt are now auctioned!
There are several items offered for sale, but here are the coolest ones.
Niki Lauda's Prop Ferrari 312T2 F1 car
The custom-built car is based on a Mygale chassis with a fibreglass body, aluminium front and rear wings, 2-litre Duratec Ford engine with a dry-sump lubrication system and a Hewland FT200 H pattern gearbox. In running condition.
Estimated price: $30,000-$50,000
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| Niki Lauda's Ferrari F312T2. (Photo: PropStore) |
James Hunt's Prop Hesketh 308 F1 car
The custom-built car is based on a Reynard Opel Lotus chassis with a fibreglass body, 2-litre Vauxhall engine with a dry sump oil system and a Reynard gearbox casing with Hewland 5-speed H pattern internals. In running condition.
Estimated price: $30,000-$50,000
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| James Hunt's Hesketh 308. (Photo: PropStore) |
Niki Lauda replica helmet 1976
Niki Lauda's (Daniel Brϋhl) racing helmet from RUSH. Brϋhl wore this helmet in scenes set during his time with Ferrari, and it screen matches to shots just prior to Lauda's crash during the fateful German Grand Prix.
Estimated price: $3,000-$5,000
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| Niki Lauda's helmet. (Photo: PropStore) |
James Hunt replica racing suit 1976
James Hunt's (Chris Hemsworth) racing suit. This suit was worn by Hemsworth in the scenes when James Hunt was a McLaren driver.
Estimated price: $2,200-$4,000
To see all the items,
click here.
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| James Hunt's racing suit. (Photo: PropStore) |
While General Motors initially said that 13 people directly died from an ignition switch defect in its vehicles, the victims' compensation program has approved 27 payouts as of Oct. 10th for cases of death.
At least 151 other fatality claims are under review.
The faulty switches could be inadvertently shut off when jarred, cutting power to the engine and deactivating airbags. However, GM took too much time to issue a recall.
Last July, GM created a fund of $400 million to $600 million to pay victims and their families. There have been 1,371 claims so far, including 1,193 for non-fatal incidents.
Kenneth Feinberg, the lawyer in charge of running the fund, plans to take applications through the end of the year. Most claims will be processed within 90 days, he said. It will take 180 days to work through more complicated cases.
Source : bloomberg.com
From nascar.com
NASCAR has assessed behavioral penalties to drivers Brad Keselowski and Tony Stewart for their involvement in post-race incidents on Oct. 11 at Charlotte Motor Speedway.
Keselowski has been fined $50,000 and placed on NASCAR probation for the next four NASCAR Sprint Cup Series championship events through Nov. 12.
Stewart has been fined $25,000 and placed on NASCAR probation for the next four NASCAR Sprint Cup Series championship events through Nov. 12.
"These penalties are about maintaining a safe environment following the race," said Robin Pemberton, NASCAR senior vice president, competition and racing development.
"We knew that the new Chase format was likely going to raise the intensity level and we want our drivers to continue to be themselves. However, the safety of our drivers, crew members, officials, and workers is paramount and we will react when that safety could be compromised."
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