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Editorial
Editorial
Car Industry's 2010 Face Off... ... If 2009 was the year of thundering bankruptcies and an almost total collapse of the American car industry - while the Japanese more or less flourished - 2010 seems to be the exact opposite. General Motors, Ford and even Chrysler – who were technically dead as ... Continue reading >
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GM on Track to Pay Govt. Loans Before June
One of the most important tasks for General Motors is now to pay back the government loans it received in both the United States and Canada, while forcing to re-become competitive and refresh the product lineup. GM CEO Ed Whitacre says the US-based manufacturer is ... >> Read more
 
Electric Car Maker Planning to Buy NUMMI
Last year, General Motors announced its decision to walk away from the NUMMI deal and leave Toyota to decide the fate of the joint venture. Just as expected, the Japanese manufacturer decided to shut down the facility, a process that will be completed in 2010. However, ... >> Read more
 
First Aston Martin Dealership Opens in Poland
British luxury carmaker Aston Martin yesterday celebrated the opening of its first dealership in Poland, marking the brand’s further expansion through Eastern Europe. Dubbed Aston Martin Warszawa, the dealership has been made possible thanks to a partnership with ... >> Read more
 
Navistar Signs Agreement with GE Capital
Navistar International Corporation, a leading global manufacturer of trucks, buses and diesel engines, has just announced it signed an agreement with GE Capital, which will become Navistar’s preferred provider of retail financing solutions to support sales of ... >> Read more
 
Owen Developments, Mitsubishi Sign Distribution Deal for the UK

Owen Developments, Mitsubishi Sign Distribution Deal for the UK

INDUSTRY

The UK turbocharger specialist Owen Developments has been chosen as the exclusive official Mitsubishi Heavy Industries performance turbo distributor for the UK market by Mitsubishi Turbochargers. Mitsubishi Heavy Industries produces a wide range of original equipment high-spec turbochargers. These come in a variety of sizes, thus being suitable for multiple add-on and tailored performance applications. Now that Owen Developments also covers this segment, the company’s offer includes the complete range of Mitsubishi Heavy Industries turbos, destined for both tuning and motorsport use. The parts can be fitted to a wide range of brands. “Owen Developments has had a long association remanufacturing turbochargers for Mitsubishi UK for the last 30 years. This directly led ... >> Read more

 
Fiat's U.S. Return Lead by Laura J. Soave
Fiat has far greater plans for the U.S. market than just reviving Chrysler. As it previously announced, the brand will re-enter the U.S. market, with the 500 as the first model to be brought stateside. The company has appointed Laura J. Soave as Head of ... >> Read more
 
Nissan Announces Management Changes
In the current economical climate, management changes in the auto industry have become quite usual. In search for better management and out of the box thinking, Nissan has just announced changes and promotions within its global management team. "The changes ... >> Read more
 
Kia Reports February Global Sales
The Koreans are doing quite well, as Kia has just reported its global sales figures for passenger cars recreational vehicles and commercial vehicles for February 2010. The automaker managed to sell a total of 143,267 units, including export sales, domestic sales ... >> Read more
 
TRW Reaches Electrically Assisted Steering Units Milestone
Safety systems manufacturer TRW Automotive Holdings has announced the production of its 15 millionth Electrically Powered Hydraulic Steering (EPHS) unit and its 10 millionth Electrically Powered Steering (EPS) unit worldwide. According to TRW, demand for these ... >> Read more
 
Unions Reticent on Antwerp Live-Saving Plan
Yesterday it has emerged that Belgian unions are working on a life-saving plan that could keep the Antwerp plant open, despite GM's intentions to shut down the facility. And although some rumors were claiming that labor representatives are aiming to rely on an ... >> Read more
 
Daimler Trucks Sales Down 45 Percent in 2009
The global economic slump strongly affected the truck sales, as well as it did with passenger cars. So is the case with Daimler Trucks, who saw a decrease of 45 percent in worldwide sales during the course of 2009. Moreover, the division's revenues declined by 36 ... >> Read more
 
Survey Shows Parents Lack Knowledge in Child Safety Laws
According to an Australian survey, one in three parents are confused about child restraint laws. The survey, which was conducted by the familycar.com.au website, came in response to the large number of questions about this topic featured online. “Parents ... >> Read more
 
Toyota Tops Some Sales Rankings
Do you wonder how Toyota's doing after the recent trust issues regarding the brand? Despite the recent image problems Toyota had to face since its massive recalls, the Japanese car manufacturer still managed to pull some impressive sales figures. In February ... >> Read more
 
Chinese February Commercial Vehicles Sales Up 21.5 Percent
The Chinese commercial vehicles market expanded by 21.5 percent in February, as compared to the same month of 2009, managing to reach 268,600 units. However, the sales can be translated into a 22.87 decrease, as compared to the January 2010 figures, as Xinhua News ... >> Read more
 
Toyota Denies Another Prius Recall
Toyota officials denied today a report by the Wall Street Journal, which stated that the last generation Prius will be recalled to fix an existing accelerator problem. According to Toyota, “media reports, citing a Wall Street Journal article, have ... >> Read more
 
Toyota 4Runner Tops IIHS Crash Tests
With Toyotas currently seen as unsafe vehicles lately - with the recalls and all - this following news should be great for the Japanese car manufacturer: the Insurance Institute for Highway Safety (IIHS) has just announced that the all-new Toyota 4Runner mid-size sport ... >> Read more
 
Geely Receives $2.1Bn Financing for Volvo Acquisition
Earlier this week, we reported that Geely assured everyone that the Volvo acquisition is going according to plan, although an official agreement had not been signed yet. Now, the Chinese company announced that it has secured a $2.1 billion financing for the acquisition ... >> Read more
 
Toyota Says Taxpayer Dollars Are Used Against It by GM
As you might remember, a while ago General Motors, Toyota’s old partner from NUMMI, decided to kick the Japanese while they were down and offer incentives to all Toyota and Lexus owners in the United States. According to GM spokesman Tom Henderson, this ... >> Read more
 
Toyota Prius Posts New Sales Record in the UK
In a weird and impossible way to understand, Toyota Prius sales are continuously increasing in certain markets around the world, in spite of all reports presenting dramatic crashes caused by the vehicle's stuck accelerator pedal. Today's example comes from the ... >> Read more
 
Toyota UK Freezes Salaries in 2010
Following Toyota Manufacturing UK’s annual salary review process between company representatives and employee representatives, the company announced a number of changes set to take place this year. Not only that it has decided to freeze salary levels in 2010, ... >> Read more
 

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