Hulme Supercars Limited is proposing an IPO with share lots offered for as little as $NZ 1,000, running until the end of June.

The project has received a great deal of interest from media around the world and the company is confident will start the production if it secures 20 orders for the car.

The British sports car manufacturer, Radical built its 1000th car, last week. It took about 13 years to manage this kind of accomplishment. It is really commendable that a Company, which is more of a racing car constructor than a road car manufacturer has managed to achieve this target.

The new generation of the Porsche Cayenne was presented at the Geneva Motor-Show a few weeks ago. Now the Techart customers have countless possibilities for individualization, as there are new individualization options by Techart for the exterior, the engine area and the interior of the SUV.

Hyundai scuffled through 2009, a dreadful year for the New Zealand motor industry, to increase its sales by nearly 7 per cent in a market that fell by 28 per cent.

The result came as no surprise to those in the industry who have seen the Korean Company determinedly claw its way up the ladder, as the Company broke the 5000 unit mark for the first time and took fifth place in the passenger-vehicle market.

In a Monday statement, the US Treasury Department disclosed that Chrysler Holding, the parent company of the automaker Chrysler LLC, had made a loan repayment of $1.9 billion last year, towards the settlement of a loan that had been extended for settling the financial-services business of the company.

US District Judge James Selna, in Santa Ana, California, presiding over the first court hearing of over 100 lawsuits against Toyota Motor Corp, said in a Thursday statement that he would, by next week, come to a final decision about the plaintiffs’ attorneys who would assume a leading role in the massive federal litigation.