Porsche shares down
Porsche shares dropped more than 10% after it announced plans to raise stakes in Volkswagen AG to 20% from the 5% it holds currently. Looks like investors are not as confident of Porsche’s plan as […]
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SEAT in hot soup?
Volkswagen is in crisis lately, hit by a strong Euro and weak sales. Some of it’s measures to counter this are plans to cut down it’s workforce by almost 10,000 German jobs, which could make […]
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Porsche to buy 20% stake in Volkswagen AG
Der Spiegel has reported that Porsche is preparing to purchase 20 percent of Volkswagen AG shares to become the main shareholder in the company.
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Visionary Vehicles to bring Chery to USA
I previously blogged about China Pirates, where Chinese automobile makers were ripping off Japanese and other automobile manufacturers blatantly. Inside China they are virtually invulnerable. They rip off without a second thought, with the worst […]
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Proton doing well in South Africa
Proton seems to be doing well in South Africa. According to a report by Business Day, sales of Proton vehicles exceeded the Imperial Group’s optimistic forecasts after the launch of the marque in South Africa […]
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Hyundai rejects Toyota offer
This may be old news but I have not blogged on it before as it happened way back in February 2005 before I shifted the focus of my blog to automobiles.
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Volkswagen implements RFID tracking
Volkswagen has implemented Identec’s i-Q8 active arphid tag in their post-production/pre-delivery line for their Autostadt (Auto-City).
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Buy A Proton, Win A Holiday!
Hansraj Hulaschand and Company and Bhudeo in association with Air Nepal International and Nabil Bank is running a promotion in Nepal where you can win a free four-day and two-night holiday for two to Malaysia […]
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The World Automotive Industry
The automotive industry is facing a few problems. High component prices such as steel and insane fuel prices. The Economist has a very good article on the state of the automotive industry as whole, as […]
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Petronas E01 sold to China’s Nanjing Automobile
Petronas Media Relations Department released this statement on 2nd September 2005 regarding the signing of a Letter of Intent between Petronas, Nanjing Automobile Corporation (NAC) and Brilliant Culture Group Limited (BCG).
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Speeding Ticket Insurance
A Swedish company has started offering insurance packages against speeding tickets.
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Proton Gen2 in South Africa
The Proton Gen2 has landed in South Africa. It will be distributed by Pearl Automotive, a subsidiary of Imperial’s Associated Motor Holdings group. Pearl Automotive also imports Lotus sports cars and Bentley luxury cars. Source: […]
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Ford/Mazda Allow Deferred Payments in the USA
Ford Credit and Mazda American Credit have announced that they will allow deferment of vehicle loan repayment for up to 2 payment cycles to the victims of Hurricane Dennis. “We are committed to our customers. […]
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Rover sold to Nanjing Automobile
The bid for Rover finally goes to Nanjing Automobile after a three-month battle by three companies, of which two are Chinese.
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The Michelin Tweel: the future of tyres is UGLY!
Michelin invented the radial tyre fifty years ago. The first tubeless tyre was invented 100 years ago. Now the tyre has been reinvented again. The next step in tyre technology has been unveiled. The Tweel […]
