According to a Bloomberg report, Yoshihiko Masuda, managing director of advanced vehicles at Toyota Motor Corp., has confirmed that the automaker has reduced the cost of manufacturing fuel-cell vehicles by 90 percent, and may likely commence the sales of its first retail hydrogen vehicle by 2015.
Ford Australia announced today that it has registered its first annual profit in past four years. Ford Australia reported a net profit of $A13 million for the fiscal 2009 against a loss of $A274 million in FY 2008.
The company said that the net profit was mainly attributable to the improved company cost structure and the non repeat of one time actions associated with the restructure plans. Ford also said that it is very optimistic for the year
2010 and 2011.
Last month at the 2010 New York Auto Show, Kia introduced its redesigned 2011 Optima. Now, Inside Line has pictures of the new Optima sedan less two doors. This shape can become the Optima coupe.
The 2011 Kia Optima sedan is longer lower and wider than the outgoing model, as it is built on a new platform. It has newly stretched proportions that make it more attractive in the coupe form.
Compact and versatile are the words that one would generally use to describe the new BMW X1.
Factor in South African’s longing for the open-air and the sense of security one feels from elevated seats and you begin to comprehend why there’s already a four-month waiting time for the new BMW X1.
Ford is on the verge of emerging as a player in the B-segment market, hitting the mark with its Americanized Euro-market Fiesta subcompact slated to be on sale this summer as a 2011 model.
Fiesta accompanied with the Euro-based Focus compact due next year-represents Ford's attempt to enter the small-car arena that has been dominated by Honda and Toyota.
It has been reported that the Alfa Romeo Giulietta, which is a petite family car, comes with a starting price of £16,995.
The latest five-door model is aimed at the likes of the VW Golf and Ford Focus. The car will be launched in Britain at the Goodwood Festival of Speed, in July.
The car provides a choice of five engines and three conventional trims and also the range-topping Cloverleaf.