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Nov
27th

GERMANY: Opel Bochum needs urgent support now say unions

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Opel employee representatives are stepping up their calls for government support and say that 6,000 jobs at the Bochum plant are at immediate risk. Full story...
Nov
27th

GERMANY: Court rules against Porsche in VW case

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A Hanover court has ruled against Porsche in a complaint designed to remove the state of Lower Saxony's 20% blocking minority in Volkswagen AG. Full story...
Nov
27th

2010 Toyota iQ – The Cars We Need Now!

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2010 Toyota iQ - The Cars We Need Now!
2010 Toyota iQ - Small European Cars, Fuel Efficient News, Car Features and Reviews - Automobile Magazine
The little Toyota rides better than expected, accelerates smoothly, and is, at least in diesel guise, quite sporty.

When a car is badged iQ, it needs to be more clever than its competition, cars like the Smart, the Mini Cooper, and the Fiat 500. To eclipse those vehicles, Toyota chose a radically different vehicle architecture that measures just less than ten feet in length, five and a half feet in width, and five feet in height. That makes the iQ about as wide and as tall as a Corolla and less than a foot longer than a Smart, and yet it can seat up to four people. An optical illusion? A magician's masterpiece? Wishful thinking? None of it. The automaker simply evolved the original microcompact Smart car architecture conceived by Mr. Swatch, Nicolas Hayek. The crucial move-apart from installing a front-mounted drivetrain-was to bring the passenger seat forward by half a length, thereby making room for a full-size third seat in row two. Next to it, there's just about enough space to accommodate a child, but only if the driver is willing to move close to the steering wheel. Where the Smart has its powertrain, the iQ has its trunk. It isn't huge, but the space can be easily expanded by tipping the rear seatbacks forward.


Photo Gallery: 2010 Toyota iQ - Small European Cars, Fuel Efficient News, Car Features and Reviews - Automobile Magazine


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Nov
27th

Jaguar XFR is unleashed

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Supercharged flagship ready to muscle in. Full story...
Nov
27th

UK: UK car market may fall to 1.7m in ’09 – Toyota

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Toyota GB managing director Miguel Fonseca says things look bleak for car sales in his home country, Spain where the market is down 40% - but he warns the UK might be just as bad this month. Full story...
Nov
27th

Report: GM mulls dropping Saab to win U.S. govt. aid

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General Motors is mulling whether to drop its Saab, Pontiac, Saturn brands, as well as its Hummer brand, as part of a plan to win $12 billion of U.S. government loans, Bloomberg News said on Wednesday, citing people familiar with the matter. Full story...
Nov
27th

Report: Schaeffler hires J.P. Morgan to restructure debt

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Schaeffler Group has hired J.P. Morgan to restructure the debt it needs to take over Continental, the Handelsblatt newspaper reported, citing financial sources. J.P. Morgan is already in talks with banks to reshuffle the 16 billion euro ($20. Full story...
Nov
27th

EU sets Germany deadline to comply on VW law

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The European Commission on Thursday gave the German government two months to alter a law that shields Volkswagen from takeover. Full story...
Nov
27th

Hanover court rules against Porsche in VW case

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A German regional court upheld on Thursday corporate statutes at Volkswagen that effectively let the state of Lower Saxony veto any major plans that controlling owner Porsche may have for the world's third-largest carmaker. Full story...
Nov
27th

Russia’s AvtoVAZ seeks $1B state bank loan

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Russia's largest carmaker AvtoVAZ is seeking a credit of up to $1 billion from state bank VEB, a source familiar with AvtoVAZ's financial situation told reporters on Wednesday. Full story...
Nov
27th

Nissan reverses decision to skip Chicago auto show

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Nissan North America, bowing to pressure from dealers, reversed a decision announced Monday and said it will participate in February's Chicago auto show. Full story...
Nov
27th

Daimler, Cerberus spar over Chrysler decline

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Private equity firm Cerberus is demanding more than $7 billion from Daimler over losses that followed its 2007 acquisition of Chrysler in a bitter dispute that could overshadow a plea for U.S. government aid for Chrysler. Full story...
Nov
27th

Skoda may extend production halt

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Volkswagen's Czech unit Skoda Auto may extend a planned production halt at the end of December till January, Czech news agency CTK reported on Wednesday, citing a trade union leader. Full story...
Nov
27th

MotoGP: Dani Pedrosa quickest at Jerez

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Repsol Honda's Dani Pedrosa was riding two 2009 RC212V prototype bikes today at the Jerez circuit in what will be the first day of the last MotoGP testing session before the year end's ban. Full story...
Nov
27th

NASCAR: James Hylton will try to run the Daytona 500 at 74!

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James Hylton, the 1966 Cup Series rookie of the year, will try to qualify for the 2009 Daytona 500 driving for EM Motorsports. Full story...
Nov
27th

NASCAR: James Hylton will try to run the Daytona 500 at 74!

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James Hylton, the 1966 Cup Series rookie of the year, will try to qualify for the 2009 Daytona 500 driving for EM Motorsports. Full story...
Nov
27th

Mercedes announces competitive pricetag for 2010 GLK

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They're a bit late to the party, but Mercedes Benz has been building hype around their upcoming small SUV, the GLK, which goes on sale in the near future. The model is not a 'crossover'- and it's designed to battle the Acura RDX Turbo and BMW X3. Full story...
Nov
27th

F1: Brendon Hartley in running for Red Bull test seat

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Young New Zealander Brendon Hartley is in the running to become a full time formula one test driver for Red Bull in 2009. Full story...
Nov
27th

MotoGP: Dani Pedrosa quickest at Jerez

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Repsol Honda's Dani Pedrosa was riding two 2009 RC212V prototype bikes today at the Jerez circuit in what will be the first day of the last MotoGP testing session before the year end's ban. Full story...
Nov
27th

NASCAR: Testing or no testing?

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In a recent move to save money and avoid spiralling development costs, NASCAR has banned team testing at tracks that host any NASCAR events, whether it be Sprint Cup, Nationwide or Camping World (ex-Craftsman) and even Camping World East and West series. Full story...
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