Car News
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There’s no stopping Toyota. Less than a month after the Japanese giant was announced as the world’s number one carmaker, the superpower today reported that annual profits have risen 19.8% to a record $1.64 trillion yen ($14 billion). Revenues, which rose 13.8%, reached 23.94 trillion yen ($204 billion) for the year ending March 31 with 8.52 million vehicles rolling off the showroom floor. As Toyota basks in the glory, its major rivals are doing it tough. General Motors, which lost its position as top-dog for the first time ever, lost $2 billion, while Chrysler Group lost $680...
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US Senate proposal targets 35MPG by 2020In what could prove a disastrous blow to the US auto industry, a Senate committee has approved a bill that would force carmakers to improve average fuel economy levels of their fleets by 4% a year starting in 2011. At that rate, fuel efficiency levels will average 35mpg by 2020 but no long-term...
Ralph Hanson -
International Engine Of The Year Awards AnnouncedThe ninth International Engine of the Year Awards winners have just been announced, and it’s a big victory for BMW yet again. The 3.0L straight-six twin-turbo engine from the 335i has won the title, with three other engines in the line-up also winning in their respective categories. One point...
Viknesh Vijayenthiran -
VW considers reviving rear-engine modelsVolkswagen is set to revive its rear-engine design that was made popular with the original Beetle by releasing a new small car featuring a water-cooled mill residing over the rear axle. The plans were disclosed to Automobile Magazine by an internal source, who also revealed that the new car will be...
Alex Kaufmann -
BMW CEO: New fuel economy rules could cost billionsBMW CEO Norbert Reithofer has said in an interview that the EU Commission's proposed rules to cut carbon dioxide emissions from new cars by 2012 would be a 'damned difficult target' to achieve. The demands by politicians pushing for the environmental vote 'would cost each car producer a few...
Viknesh Vijayenthiran -
Aston Martin bosses reveal future plansBack in March, Aston Martin was separated from Ford’s Premier Auto Group and ended up in the hands of Prodrive boss David Richards, American banker John Sinders and Kuwait’s Investment Dar Co. The man credited with turning around the carmaker’s fortunes, its lively CEO Dr. Ulrich...
Viknesh Vijayenthiran -
Newly crowned A1GP champion and teenager Nico Hulkenberg will test a formula one car for the first time later in 2007. That is the promise of the German's manager, Willi Weber, who is famous for steering the career of the most successful and highest earning grand prix driver of all time, Michael Schumacher. Weber told the German magazine Sport Bild that he is already in contact with Renault boss Flavio Briatore about organising a test for Hulkenberg, who drove for his 'Team Germany' in the A1GP open wheel series in 2006/2007. "After we cooperated together with regard to Michael between 1991...
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Next-gen Prius coming in three different flavorsToyota gave us a preview of a next-generation hybrid model with its Hybrid X concept car (pictured) that debuted at the recent Geneva Motor Show. Given its familiar shape, many pundits, including us, quickly surmised that this was a preview of the third iteration of Toyota’s eco-friendly...
Viknesh Vijayenthiran -
Want to buy a Ferrari? Join the queueThe Ferrari brand is synonymous with desirability and exclusiveness, a combination that leaves buyers often waiting up to 24 months just to take delivery of one. Remember, people who can afford to spend a couple hundred thousand dollars on a car aren’t used to waiting more than five minutes...
Ralph Hanson -
Jaguar considers dropping the X-Type, hopes ride on the new XFJaguar’s financial woes and restructuring plans may see its most popular model dropped from its lineup. In order to mimic successful strategies used by Porsche, Jaguar’s future will likely see it sell lower volumes of high-profit models. This means out with the current X-Type and in...
Viknesh Vijayenthiran -
Renault releases next-gen Laguna teaser picsRenault will be playing the quality card for its next generation Laguna and has offered us a glimpse of the high standards we can expect with this latest set of teaser images showing the carmaker’s new focus on attention to detail. To compete with established players in the premium segment...
James Martinez -
Porsche 911 Turbo CabrioletAfter months of spy shots, Porsche has finally lifted the veil on the 911 Turbo Cabriolet. As with the 911 Turbo Coupé, the Cabriolet will also be powered by a 3.6L six-cylinder ‘boxer’ engine with biturbo turbocharging and Variable Turbine Geometry (VTG). The powerplant already...
Alex Kaufmann -
General Motors’ on again off again Chevrolet Volt plug-in hybrid is back on the drawing board with a possible release date as early as 2010. "We are doing the production engineering on the Chevrolet Volt," said GM R&D vice president Larry Burns in an interview with Automotive News. Some of the steps already taken include allocating funds for the project, initial engineering work, selection of GM’s next-gen Delta platform and the decision to develop two versions, one running a small gasoline engine and another with a hydrogen powered fuel-cell. Burns wasn’t willing to give an...
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Maserati teaming up with Alfa Romeo for US expansionMaserati is in desperate need of a sales boost following its 17th year of running at loss, and the lucrative US market is probably its best chance of reaching its goal of turning over a profit this year. Fiat CEO Sergio Marchionne boasted that "Maserati will finally return to profitability in...
James Martinez -
Report: Magna last remaining bidder for ChryslerAfter months of speculation and rumor surrounding possible buyers for the Chrysler Group, reports are now surfacing that Canada’s Magna is the sole remaining party interested in acquiring the company from its German parent. The news comes from Germany’s Automobilwoche, who reports that...
Viknesh Vijayenthiran -
Video: VW Iroc concept takes to the skid panVW gives us a glimpse at the performance potential of its upcoming Scirocco hatch with this video of the Iroc concept car running through its paces out on the skid pan. The Iroc was one of the hottest cars displayed last year so let’s pray developers stick to the concept’s sleek lines...
Ralph Hanson -
Mercedes-Benz SLR McLaren Roadster unveiledThree years after the launch of the SLR coupe, Mercedes has finally revealed the Roadster version. Mercedes has worked hard to ensure the Roadster is a ‘no compromise’ sports car. Unlike most convertibles, the SLR Roadster is capable the same 207mph top speed as the Coupe. With 460...
Ralph Hanson -
Gumball 3000 Rally Cancelled After Fatal AccidentWe’ve always been fans of the Gumball concept here at Motor Authority–driving fast cars across countries while hanging out with celebrities and generally having a good time. Sadly, the 2007 event, which promised to be bigger and better than ever before, has been cancelled due to a fatal...
Viknesh Vijayenthiran -
London tuning house Autodelta has revealed its 405bhp supercharged Alfa GT Coupe, a car that's set to make its debut at the Brooklands Italian car fair in the UK later this month. Based on Afla’s stylish GT coupe, Autodelta engineers have added a small Rotrex C38-81 centrifugal supercharger to the car’s larger displacement 3.7L V6 resulting in a max output of 405bhp and 508Nm of torque. In addition to the new supercharger, Autodelta has installed a new radiator and oil-cooler as well as a custom exhaust system with quad tailpipes finished in chrome. A new bumper with larger...
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GM to resume development of RWD large carsIt appears that General Motors may resume development of a range of RWD large cars after plans were put on hold last month following fears that the Bush administration would raise corporate average fuel economy (CAFE) standards. The original porposal was to raise it by 4% a year, meaning fleets...
Viknesh Vijayenthiran -
ZF Develops New 8-Speed AutoGearbox manufacturer ZF unveiled its latest eight-speed automatic gearbox at the recent Vienna Motor Symposium, a design that promises to reduce fuel consumption and at the same time transmit more power to the wheels than its current six-speed boxes. With the extra cogs on board, the new gearbox...
Viknesh Vijayenthiran -
Mallett’s wide-body Pitbull Solstice with V8 powerMallett conversion experts have enhanced its already potent V8-powered Pontiac Solstice with this limited edition widebody pack. Having already shoved the Corvette’s 400hp LS2 V8 engine into the tiny Solstice Roadster, Mallett then needed a suitable styling package to differentiate its...
James Martinez -
F1's richest men revealedBernie Ecclestone is still the richest man in motor sport, according to the Sunday Times newspaper's list of the 1000 wealthiest people in Britain. With his wife Slavica controlling the money via Jersey-based trusts, their fortune is estimated at (US) $4.5bn. The Times says F1 supremo Ecclestone is...
Kenneth Hall -
VW profits up after last year’s slumpVolkswagen has posted a profit of €386 million for the first quarter of the year, a much better result than the €49 million loss it made last year over the same period. Analysts cite the introduction of new models, such as the Eos and CrossGolf, as well as an increase in demand from...
James Martinez