As a result of the “overwhelming response from the public and customers” to its concept car, the Porsche board Wednesday gave its approval to the company’s project pertaining to the development of the Porsche 918 Spyder – a plug-in hybrid car that promises low emissions and can reach up to 198 miles per hour (mph).
General Motors Co. convinced some shoppers to buy the Chevrolet Volt by unveiling a $41,000 price tag and three-year, $350-a-month lease.
GM executives answered the long-lingering price question at the Plug-In 2010 conference in San Jose, gave a peek at the Volt's marketing strategy and explained how customers can order the vehicle, which initially will be in short supply.
The most paradigms shifting SUV of Ford was Explorer. It brought about a change in the way the SUV market was created and served its audience.
Although it turned out to be a money minting machine for Ford, its design and especially its ability to handle the rough terrains has been under question. Most of the safety scare has been with respect to its
Firestone tires even though it is known for its comfort levels.
According to the report, the car production in UK has risen sharply by 28.6% as compared to the same month in the previous year. As per the figures of the Society of Motor Manufacturer and Traders (SMMT), in total 118,000 cars were made in the month.
It has been the consecutive eighth month growth in the car production but a little bit slower rate than the rise of 54% in May.
According to a seven-count federal indictment unsealed in US District Court in Detroit on Thursday, a suburban Detroit couple conspired to steal hybrid-vehicles-related trade secrets from General Motors (GM), for passing them on to the Chery Automobile Company in China.
Going by the information forwarded by a spokeswoman for the US attorney’ office, the couple - Troy, Michigan’s 49-year-old Yu Qin, and his 51-year-old wife Shanshan Du – appeared in court on Thursday and were released.
Bajaj Auto has recorded its finest quarter ever with a 101% augmentation in net profit, with a 68% intensified in earnings and a 70% hike in sales during the first quarter of FY 11. The quarter witnessed that Bajaj recorded an EBITDA margin of 20%, which the group expressed was the finest in the industry.
Good News USA
- Vodafone NZ’s new ‘Red Home’ packages will offer UFB and 150 TV channels
- Vodafone NZ’s full-year profit plunged by more than two-thirds to $56 million
- Vodafone adding 34 European countries to ‘AU$5 per day’ international roaming option
- Telstra launches its new ‘Every Day Connect Data Share Packages’
- Voyager signs “multimillion-dollar deal” with submarine cable group Hawaiki