Automobile industry
As part of Toyota's U.S. plug-in demonstration program, Syracuse University, the Syracuse Center of Excellence (SyracuseCoE), and CuseCar, a local not-for-profit car share provider, have received two Prius plug-in hybrid vehicles each. These vehicles will be used to gather data on real-world driving habits, educate the public
Automobile industry
Innovative Credit Consultants has taken to the roads with a unique and creative advertising campaign to raise awareness about their credit repair services. The company, known for its innovative approach to credit repair, is dominating the roads nationwide with a bright and cheerful car wrap that looks like sunshine. The
Automobile industry
South Korean automakers, led by the Korea Automobile Manufacturers Association (KAMA), have called on the government to reduce automobile-related taxes, citing the substantial burden on both the industry and its customers. According to KAMA, automobile-related taxes reached 32.17 trillion won (US$27.6 billion) in 2009, accounting for 15.
Automobile industry
India's Mahindra & Mahindra, the country's largest utility vehicles and tractor maker, is set to participate in the bidding process for the troubled South Korean automaker Ssangyong Motor. With cash reserves of nearly 20 billion rupees, Mahindra is well-positioned to make a significant bid, reportedly up
Automobile industry
Ford Motor Company, a US-based automotive manufacturer, has sold its 100% stake in Volvo Car Corporation and related assets to Zhejiang Geely Holding Group Company Limited (Geely), a China-based manufacturer of cars and motorcycles. The estimated purchase price is $1,800 million, with Geely issuing a $200 million note and
Automobile industry
China has been experiencing significant growth in its economic sectors, with key regions such as Harbin, Jiangsu, Jiangxi, and Beijing showcasing impressive statistics. The Harbin International Auto Show, which has been held since 1998, has become a major platform for automakers to showcase their latest models. Jiangsu's aviation
Automobile industry
The American Automotive Policy Council, representing major US automakers, has expressed strong opposition to the Japan Auto Manufacturers Association's request for government intervention in foreign exchange markets to weaken the yen. The council's president, Stephen Collins, emphasized the importance of market-determined currency exchange rates for free
Automobile industry
Ford CEO Alan Mulally emphasized the significance of the new Explorer's environmental and gas-friendly features, stating that the four-cylinder version is more expensive than the six-cylinder due to fuel efficiency. Mulally highlighted that 140,000 Explorer owners trade their vehicles in annually, seeking the latest technology, quality, and
Automobile industry
The BMW Group, a leading manufacturer of premium passenger cars, SUVs, and motorcycles, experienced a decline in sales in 2008. The company sold 1.44 million cars in 2008, down from 1.5 million units in 2007. Despite this decline, 2008 was still the second-best year in terms of annual
Automobile industry
The BMW Group, a leading manufacturer of premium passenger cars, SUVs, and motorcycles, experienced a decline in sales in 2008 despite maintaining its position as one of the world's largest vehicle manufacturers. The company's sales revenues posted a 5% decrease in 2008, reaching EUR53.2 billion,
Automobile industry
US automakers, including Ford Motor Co.'s Taurus and General Motors Co.'s Chevrolet Camaro, have outperformed imported vehicles for the first time since 1997 in J.D. Power & Associates' annual study of vehicle appeal. This shift in market dynamics is significant, as vehicles with high
Automobile industry
BMW, a German luxury car titan, is accelerating its expansion in China, the world's largest auto market. The company has partnered with China's Brilliance Auto to produce electric vehicles (EVs) and invest CNY 5 billion in a new factory in Shenyang, Liaoning province. This move is
