Archive for the ‘Industry’ Category

2009 Nissan Cube

Love it or hate it, the all-new 2009 Nissan Cube has arrived. Characterised by its non-traditional design, Cube offers excellent space utilisation thanks to a wider track and longer wheelbase that pushes the wheels as far in to each corner as was practicable.

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Along with its stance, the exterior appearance of Cube has been freshened up with wider headlamps and grille, shorter tail section, bar-type taillights and reduced crease lines to simplify styling character.

Ford sells 20 percent of Mazda

Mazda has today announced that several of its strategic business partners will acquire 20 percent of Ford’s shares the company via market trading.

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As a result, the ratio of Ford’s ownership of Mazda stock will be reduced from 33.4 percent to just over 13 percent, with the new agreement allowing the two companies to continue their strategic relationship that spans nearly 30 years.

Chinese auto growth slows

With the economic downturn hitting China hard, the auto industry there is struggling, most especially small domestic automakers with no export opportunity. And with no bail out in sight from the Chinese government, it would seem such companies are own their own.

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Until September this year, Chinese automakers were seeing double-digit growth in passenger vehicle sales, though following the economic upset, sales dropped 2 percent year-on-year in that month alone.

Hyundai-KIA win UK Manufacturer of the Year

UK magazine Autocar has named Hyundai-KIA as its Automotive Manufacturer of the Year citing the world’s fifth largest car-maker’s “mind-blowing ambition” as the centre point of their decision.

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Hyundai-KIA have climbed in to the top ranks of the world’s biggest car companies in less than 50 years.

Toyota to develop $5000 car

Toyota to develop $5,000 carToyota is set to enter the cheap-car race with new reports suggesting a $5000 car has been scheduled for development.

Ultra-budget cars are in high demand in booming emerging markets such as India and Brazil, with Nissan-Renault developing a similar offering whilst Tata has already showcased the Nano.

Chery could be privatised

Chinese auto manufacturer Chery, suffering from the current hard economic times, has started laying off employees and freezing development of some new models.

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The state owned company, controlled by the Wuhu city government in Anhui province, admits that whilst such extreme measures have improved its cash flow in the immediate term, long term growth may only come by privatising the company and putting a halt to its so-called “reckless expansion”.

Indian manufacturers seek financial relief

Suffering from tighter credit and falling sales both locally and abroad, India’s automakers and suppliers are asking the government for financial relief.

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The industry seeks a lower customs duty on metal imports, extensions of loan repayment schedules for smaller manufacturers and large infrastructure projects, including roads.

Hyundai unveils new R-Engine diesel range

Hyundai has well and truly left behind any lingering Korean car stereotypes as it reveals the first details of its brand new R-Engine Diesel powerplant.

Hyundai unveils new R-Engine diesel range

The 2.0-litre version of the R-Engine outperforms any competitive offering, and will enter production next year to make its first appearance in the 2010 Tucson and Sonata models.

Pontiac responds to G8 rumours, sort of

Pontiac has responded to recent rumours surrounding the future of its G8 range, we’re just not sure if they understood what the rumour was about.

Pontiac responds to G8 rumours, sort of

Pontiac has gone on record saying it would not be cancelling either its G8 or Solstice range - although did not address the key issue being the viability of their next-generation replacements.

GM cancels large SUV program

In a move that would have seemed implausable a decade ago, and perhaps one that is a sign of the tough financial times faced by the US giant, General Motors have today cancelled a $2 billion (USD) investment program to update their range of full-size SUVs.

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Pulling the plug on Project CXX, which was set to underpin future versions of the Escalade, Tahoe (pictured above), Yukon and Suburban, was unanimously approved by executives, ending 15 years of vehicles that defined the brand.

KIA global sales on the rise

KIA Motors Corporation has announced that its global car and commercial vehicle sales are on the rise with September figures showing international sales for that month of 110,431 units, representing a 2.7 percent year-on-year increase.

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Cumulatively, through the first nine months of 2008, KIA’s global sales increased by 14.4 percent year-on-year and reached 1,062,379 units. China experienced the largest gains in sales of 38.1 percent selling 112,502 units.