GERMANY: Porsche eyes new models to boost volume
Porsche could sell 150,000 cars a year in the medium to long term but new models would be needed to achieve this goal, the head of its core sports car business told a Sunday newspaper.
World Premiere at The 63rd Frankfurt Motor Show - The Hamann Tuning Programme for the Ferrari California
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Martin Eberhard and Elon Musk reach settlement in lawsuit
Filed under: Tesla Motors About a month ago we heard that Martin Eberhard had decided to drop his defamation and breach of contract lawsuit against Elon Musk and Tesla Motors. Now comes word that Eberhard and the defendants have actually reached a settlement. Given the ruling of the judge in the case that the suit could proceed, apart from the claim that Musk was falsely claiming a role as co-founder, the settlement should not come as a surprise...
CHINA: Goldman Sachs fund invests in Geely - WSJ
A Goldman Sachs private equity fund is investing about USD250m in Geely in a move that could free up capital for a Geely bid for Volvo Cars, according to a report in the Wall Street Journal.
CZECH REPUBLIC: Hyundai plant to be officially opened
Hyundai Motor will officially open its Czech Republic plant on Thursday (24 September), 11 months after production began.
We Drive The Nürburgring (On Our iPhones)
We’re thrilled to report that the new Scirocco R is curiously indestructible when slamming into concrete walls, yet it still drives like there’s a swaying trailer hitched to the rear. At least, that’s how it drives on our iPhones. In an effort to promote the thrilling new Scirocco R, Volkswagen teamed up with German game developer Fishlabs to create a free app for the iPod Touch and iPhone that lets potential buyers and dreamers...
1972 Thunderbrown for $7,250! [Nice Price Or Crack Pipe]
The Thunderbird legend features prominently in the lore of many Native American cultures. At one point in time, Ford Thunderbirds also featured prominently on American highways. And now, Nice Price or Crack Pipe has one that's gone off the reservation. Maybe just for today, we'll consider this Nice Price or Peace Pipe in honor of both our Native American hosts, and today's candidate- a big, brown bomb from Ford. The Ford Thunderbird goes back to ...
CHINA: Expansion could lead to overcapacity when market slows
The push by domestic and foreign carmakers to build new factories and sales volume in China will lead to overcapacity in years to come, according to the country's top industry planner.
SOUTH AFRICA: M&M puts SA plant 'on hold'
A South African newspaper report suggests that Mahindra has put on hold plans to assemble vehicles in South Africa due to 'turbulent market conditions'.