Kia Motors and Hyundai Motor are aiming at increasing global sales by six percent in 2012 to record seven million units. The South Korean carmakers occupied the fifth rank in the global car sales competition, but they seem to be unable to deal with market demand due to stretched production capacity. Yet, both automakers decided not to increase capacity sharply, and concentrated on developing the quality and enhancing their earnings.
Kia and Hyundai managed to sell...
Toyota Motors Co is studying preparing a super car to be the successor to its famous Supra. Japan's largest automaker is working on a high performance vehicle and it is now testing a prototype supplied with a V6 3.5 liter hybrid, which is able to generate 400 hp.
Toyota is paying more attention for the car's style and design, so the vehicle's design is coming from the FT-HS that is a concept first unveiled in the Detroit Motor Show 2007. We can say that the new super...
Hyundai Motor Group is planning to invest $12.2 billion in r&d and facilities next year. The Group that includes Kia Motors Corp and Hyundai Motor Co set an investment plan that represents a 15.6 percent increase in spending levels from 2011, plus spending around $4.4 billion on r&d efforts in order to speed up the improvement of fuel efficient and eco friendly vehicles.
Hyundai is planning to dedicate $7.9 billion for facilities, while $2.6 billion of this amount...
Chrysler Group decided to unveil its latest model for the black car market and introduce the Chrysler 300 sedan with its new interiors, added to recent powertrain additions. The new car's interior components are leather wrapped, and the car also has heated steering wheels, along with wood trim and special die cast paddle shifters.
The new sedan acquired many luxurious features from different high end Chrysler models, like heated and ventilated front, twelve ways power...
The big boos of the Prancing Horse Luca Cordero di Montezemolo has sent a letter to Italia Futura, an industrial group of which he is a member of, in which he exposes his ideas and plans on how the country could get out of the sticky situation it’s in.
It is no big secret that di Montezemolo wants to see major improvements in the economic environment of Italy. He even went as far to reveal political ambitions back in February, if that could help bring about the changes...
The last years have seen major improvements in Audi’s designs. The transition from the much too discreet shape of older models to the dynamic and significantly elegant lines we have today has been a major boost for Audi sales wiorldwide.
That main responsibility for many of Audi’s car desings is Wolfgang Egger. Right now his merits have been recognized, and he has been promoted to be both Head of Audi Group Design and Head of Audi Brand Design. Right now he only occupies...
Italy is known and and respected as the capital country of supercars. The last supercar to hail from these parts is called the Evantra and is the result of hard work from the guys at F&M.
Apparently, the car’s name means Goddess of Immortality in the ancient tongue the Etruscans spoke, as well as being something “unique and exclusive”. The exclusive part should be right on the mark as only 5 units per year will be produced. As for the immortal part, that remains to...
At the 2011 Geneva Motor Show we all stared in awe at what Alfa Romeo had on display. Its new 4C coupe had everything an enthusiast long for in a car: lightweight, exceptional power to weight ratio, and to top it off a price tag that could be considered cheap. Its production is supposed to start in 2013, but on its way to the assembly line it seems the car forgot something.
That “something” is an essential part of its lightness, mainly the carbon fiber body. On the...
Toyota and BMW have signed an agreement in which the latter will supply its diesel engines to the Japanese car maker while benefiting from Toyota green car tech. However, the deal covers Europe and Toyotas with BMW engines are not likely to make an appearance elsewhere.
Now it seems that the premium segment on which both names active is not covered by that deal. It has been confirmed by BMW and Toyota officials that Lexus will not get gain anything in terms of new...
If you are over a certain age the name Maybach may sound familiar. More often than not the name was associated with extreme luxury and heart-stopping price tag. Of course, that association is right on the mark especially in the letter part. Although the brand only has two models, both will leave your wallet bleeding.
The 57 is priced at 375,000 dollars and the 62 goes above the 500,000 dollar threshold. Needless to say, this makes the car very exclusive. Perhaps you...
On the morning of December 19, Saab and Saab Powertrain have filed for bankruptcy with the Swedish courts. This is the conclusion reached after Youngman has announced further funding will stop, thus putting an end to the reorganization process. In turn, the Chinese company’s decision was taken after all attempts of purchasing Saab were thwarted by General Motors.
In the wake of this announcement, Swedish Automobile, Saab’s parent company, took the necessary step to...
Friday, January 27, 2012 - 10:56:28
