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  Archives   (13  March  2009)

Tata Motors to increase production at Dharwad  
Tata Motors has attained production level of 650 buses a month and it is now planning to increase the production up to 1,250-1,300 buses a month in the next couple of months at Dharwad unit, reports Business Standard.

In January this year, the company commenced its new manufacturing plant at Dharwad.

The company`s installed capacity at Dharwad plant is 15,000 units per annum and it makes only light buses below 12 ton gross vehicle weight.

It aims to sell 12,000 buses in the domestic market and the remaining 3,000 buses in export markets.

Shares of the company declined Rs 1.8, or 1.3%, to end at Rs 136.70. The total volume of shares traded was 542,613 at the BSE (Monday).

Source : myiris.com (3/12/2009)


Audi TT RS, RS 5 Likely Headed to U.S.  
While current reports and Audi's own official statements suggest the Audi TT RS is not coming to the U.S., our Audi sources tell us quite the opposite, that chances are very high it'll make it stateside. Audi views the new 335-horsepower TT RS (which was just unveiled at the 2009 Geneva Motor Show) as one of its halo cars, and thus, sees it as an important image car in the U.S., not to mention a vehicle that can take on the likes of the Porsche Cayman S. So why does Europe get the RS way before the U.S.?

Our insiders tell us Audi USA prefers to stagger the release of variants to keep model lines fresh and buyers interested. In other words, allow the recently introduced 265-hp TTS to garner some sales and accolades before the RS steals the limelight. When can we expect the RS on U.S. soil? With sales for Europe beginning this month, figure sometime this fall.

Of course, we also inquired whether the insane RS 6 Avant would be coming stateside, and were fed the usual line -- that it was still "under consideration." Translation? It's a long shot. Not such a long shot is the upcoming RS 5, which should give prospective M3 buyers plenty of pause.

Expect around 500 horsepower, rear-biased quattro, a torque-vectoring rear differential, and huge brakes from Audi's stealthiest four-seat coupe.

As for the S5, if you are fond of the current 4.2L 354-hp V-8, then you have through the 2010 model year to pick one up. Once the 2011 model year rolls around, the S5 gets Audi's new 3.0L supercharged 333-hp V-6 (also used in the new S4), mated to either a six-speed manual or a seven-speed version of the automaker's S tronic dual-clutch automatic.

Source : http://www.motortrend.com (3/12/2009)


WABCO Announces Multi-Year Strategic Agreement to Supply CNHTC, China's Largest Manufacturer of Heavy Duty Trucks  
BRUSSELS: WABCO Holdings Inc. , a global technology leader and tier-one supplier to the commercial vehicle industry, today announced the completion of a strategic partnership agreement to supply China National Heavy Truck Corporation (CNHTC), the largest producer of heavy duty trucks in China. WABCO's strategic agreement with CNHTC extends to 2016 and is worth several hundred million U.S. dollars in cumulative sales.

A supplier to CNHTC since 1997, WABCO will continue to provide air management products, braking systems including anti-lock braking, and transmission control products. Further increasing their partnership, WABCO will be CNHTC's sole supplier of automated manual transmission (AMT) systems through 2016. CNHTC is the world's first original equipment manufacturer to adopt WABCO's highly advanced modular AMT system in volume production.

"Over the past decade, WABCO has transformed from a European export company into a global organization that successfully adapts to the requirements of the Chinese market," said Cai Dong, CNHTC President. "WABCO's local management team also has the ability to rapidly align sourcing and manufacturing capabilities with market conditions in China, further enhancing the flexibility, cost effectiveness and value that WABCO offers CNHTC."

"We are proud to be chosen by China's largest truck maker as their long term partner in a highly competitive market," said Jacques Esculier, WABCO Chief Executive Officer. "Partnering with CNHTC confirms our strategy of pursuing technology leadership while globalizing our capabilities in engineering, sourcing and manufacturing. CNHTC also recognizes WABCO as a local manufacturer, focused on local customer needs and powerfully connected to the Chinese market."

"Our long term agreement with CNHTC marks another strategic achievement as we continue to combine WABCO's global engineering capabilities with the nuanced knowledge and power of local teams," said Leon Liu, WABCO President, Asia Pacific. "CNHTC values our local sourcing and manufacturing in China, and this agreement consolidates WABCO's position in China as a global technology leader with a strategic commitment to expand appropriate capabilities in China for the long term benefit of local customers."



Source : http://www.theautochannel.com (3/12/2009)


Think Electric Vehicle Maker Announces U.S. Factory Plans  
ANN ARBOR, Mich -- Norway's pioneering electric car maker, Think, plans to open a new manufacturing plant and technical center in the United States. The company is currently in discussions with eight states, including Michigan, hoping to host the facility, which will initially employ about 300 workers with a starting capacity of 16,000 cars per year. The technical center will provide jobs for another 70 engineers and electric drive specialists. Plans ultimately call for up to 900 employees and a capacity of 60,000 electric vehicles per year.

"The U.S. is quickly overtaking Europe as an attractive market for EVs and is an ideal location to engineer and build EVs," said Think CEO Richard Canny. "We see ourselves playing a small but potentially growing role in re-inventing the U.S. auto industry by bringing back new manufacturing jobs to the U.S. to replace internal combustion engine vehicles that are expensive to operate and maintain with clean, efficient electric vehicles."

The plant will build the innovative TH!NK city, a sophisticated, high-tech compact electric vehicle recently nominated for England's prestigious Britt Design Award. The all-electric car can travel up to 112 miles on a single charge. The car is designed, engineered and produced to have the lowest possible carbon footprint with recyclable plastic body panels and a fully recyclable interior. U.S. production is expected to start in 2010, with the first-year volume of 2,500 units being available to pilot and demonstration fleet projects.

Canny and other officials from the company's subsidiary, Think North America, are in Ann Arbor this week meeting with representatives from the state of Michigan and seven other states to discuss options to bring electric vehicle manufacturing jobs to the U.S. The program includes a ride-and-drive event with the production level version of the TH!NK city electric car presently on sale in Europe.

Think North America also plans to apply for low-interest loans from the U.S. Department of Energy's Advanced Technology Vehicle Manufacturing program, which was created in 2007 to help develop U.S. production capabilities for the highly fuel-efficient vehicles needed to meet long-range energy security and environmental challenges.

Think is also collaborating closely with battery makers Ener1, Inc. and A123, which are already under contract to supply compact, high-powered lithium-ion power systems for the TH!NK city. The two companies are part of a growing U.S. supply chain serving the electric vehicle and plug-in hybrid car markets.

"We're seeing a whole new system of suppliers and producers taking shape in this country to create a new high-tech manufacturing base," said Ener1 CEO Charles Gassenheimer. "Having an important partner like Think here will help us continue to push the technology and develop this new industry even more quickly. It's also going to give us an edge against our overseas competitors."

Canny also welcomed Kleiner Perkins as a shareholder in Think Global. Kleiner Perkins partner, Ray Lane, expressed his support for Think's increased emphasis on the North American market.

"Electric vehicles like the TH!NK city represent an opportunity for the U.S. to become more energy independent," said Rockport Capital Partners Co-Managing Partner Wilber James. "Based on the production rate of 30,000 electric vehicles per year, the TH!NK city fleet would replace 900 million gallons of oil over ten years."

"The auto industry is poised for a revolutionary transformation enabled by fundamental advances in power electronics and battery technologies," said Dr. Jim Lyons, CTO of Think NA and partner at Novus Energy. "EVs are inherently simpler and cleaner as exemplified by the TH!NK city - a next generation solution to urban mobility."

Source : http://www.theautochannel.com (3/12/2009)


BMW Group Reports EBIT of euro 921 Million for 2008  
MUNICH, GERMANY –: The BMW Group's performance held up well in 2008 despite difficult market conditions. "The BMW Group has been able to make improvements at an operating level in the midst of extremely difficult economic times", stated Reithofer Norbert, Chairman of the Board of Management of BMW AG, on Thursday in Munich. "Cost structures have been further optimised and, thanks to rigorous management of free cash flow, the BMW Group is in a very solid financial position", he added. Difficult economic conditions nevertheless took a toll on the BMW Group's reported figures for 2008. Just taking the additional risk provision expense for re-sidual value risks -- caused by the weak used car markets -- and for bad debts (euro 1,968 million in total) plus one-time personnel expenses of euro 455 million, earnings were reduced by exceptional expenses amounting to euro 2,423 million. The profit before financial result (EBIT) of the BMW Group fell accordingly to euro 921 million in 2008 (2007: euro 4,212 million/-78.1%). The profit before tax was euro 351 million (2007: euro 3,873 million/-90.9%) while the net profit came in at euro 330 million (2007: euro 3,134 million /-89.5%). Group revenues fell relatively moderately to euro 53,197 million (2007: euro 56,018 million/-5.0%).

Adjusted EBIT margin of 6.3% in the financial year 2008

Adjusted for the exceptional expense for risk provision and personnel costs referred to above, EBIT would have been euro 3,344 million and the EBIT margin would have been 6.3%. Unadjusted, the EBIT margin in 2008 was 1.7%.

High level of exceptional expense recorded in the fourth quarter

The expense recorded in the fourth quarter 2008 for the exceptional items referred to above totalled euro 1,128 million, comprising euro 931 million for risk provisions and euro 197 million for one-off personnel expenses. The negative fourth-quarter EBIT was euro 718 million (fourth quarter 2007: positive EBIT of euro 1,308 million). Net of these exceptional items referred to, the Group would have reported positive EBIT of euro 410 million. Fourth-quarter revenues fell by 18.2% to euro 12,772 million (2007: euro 15,606 million).

Fixed costs reduced / greater savings planned for costs of material

The BMW Group made good progress in 2008 at an operating level, which is reflected in reduced fixed costs and substantial cost savings in the area of purchasing. "We have set ourselves the task, by 2012, of surpassing the euro 4 billion of material cost reductions targeted in conjunction with the strategy Number ONE", announced Reithofer.

Group liquidity strengthened

In addition, the BMW Group's liquidity was further strengthened in 2008, despite the turmoil on the capital markets. Holdings of cash funds and marketable securities increased by 86.3% to euro 8,107 million (2007: euro 4,352 million). The net interest-bearing assets in the Automobiles segment increased to euro 9,046 million, compared to euro 7,354 million in 2007. The Group has therefore been able to start the new business year with a very solid financial position. "We prepared ourselves early on and swiftly for severe business conditions, for example by taking immediate steps to bring production volumes into line with lower demand, and thus enabling us to further optimise working capital. This is also reflected in reduced inventory levels", emphasised Reithofer. With a negative figure of euro 81 million, the BMW Group was almost able to achieve a break-even free cash flow in 2008 in its Automobiles segment.

Dividend in line with earnings performance

As a result of decreased earnings, the Board of Management and the Supervisory Board will propose to shareholders at the Annual General Meeting on 14 May 2009 that a dividend of euro 0.30 (2008: euro 1.06) be paid on each share of common stock and of euro 0.32 (2008: euro 1.08) on each share of preferred stock. "We want to pay a dividend even in difficult economic times, demonstrating both the confidence we have in our operating strength and the interest in our shareholders", emphasised Reithofer.

EBIT of Automobiles segment down to euro 690 million

The Automobiles segment profit for 2008 was severely affected by the increased risk provision for residual value risks and measures to reduce the size of the workforce, totalling euro 1,363 million. EBIT fell by 80.0% to euro 690 million compared to euro 3,450 million one year earlier. The profit before tax fell to euro 318 million (2007: euro 3,232 million /-90.2%). Revenues generated by the Automobiles segment totalled euro 48,782 million (2007: euro 53,818 million /-9.4%). Adjusted for the exceptional items discussed above, the segment EBIT would have been euro 2,053 million. This would be equivalent to an EBIT margin of 4.2% (2007: 6.4%). Unadjusted, the segment EBIT margin in 2008 was 1.4%. Unsurprisingly in the face of difficult business conditions in 2008, the BMW Group was not able to match the previous year's record sales volume figure. In total, the BMW Group sold 1,435,876 BMW, MINI and Rolls-Royce brand vehicles in 2008 (2007: 1,500,678 units/-4.3%). The Group therefore recorded its second-best annual sales volume figure in its history (behind 2007). Despite the fact that the whole automobile industry faced huge challenges in 2008, the BMW Group was nevertheless able to achieve new sales volume records for its MINI and Rolls-Royce brands. One of the main contributing factors enabling the sales volume decrease to be kept to a moderate 4.3% was the BMW Group's "Efficient Dynamics" technology which is designed to reduce fuel consumption and CO2 emissions. All new BMW and MINI models are now equipped with this technology as a standard feature. In Europe alone, some 830,000 vehicles equipped with Efficient Dynamics were handed over to customers in 2008. 1,202,239 BMW brand vehicles (2007: 1,276,793 units/-5.8%) were sold worldwide in 2008, well ahead of the volumes achieved by relevant competitors in the premium segment. MINI was again able to increase the number of units sold, thus setting a new sales volume record. In total, 232,425 units were sold, 4.3% more than in the previous year. Rolls-Royce Motor Cars sold 1,212 units in 2008 (2007: 1,010 units) corresponding to a sales volume growth of 20.0%. This was the fifth annual increase in succession, ensuring that Rolls-Royce remains the undisputed market leader in the ultra-luxury segment.

Motorcycles segment reports EBIT of euro 60 million

The earnings performance of the Motorcycles segment in 2008 was influenced by difficult business conditions. EBIT fell to euro 60 million (2007: euro 80 million/-25.0%) and the profit before tax dropped to euro 51 million (2007: euro 71 million/-28.2%). Revenues totalled euro 1,230 million (2007: euro 1,228 million/+0.2%). BMW Motorrad was almost able to match its previous year's record sales volume figure despite unfavourable business conditions on the world's motorcycle markets. In total, 101,685 BMW motorcycles (2007: 102,467 units) were sold in 2008 (-0.8%).

Financial Services segment earnings adversely affected by financial crisis

The earnings performance of the Financial Services segment was severely impaired in 2008 by a number of factors, including the recognition of a risk provision expense of euro 1,057 million for residual value risks and bad debts. The segment reported a loss before tax of euro 292 million (2007: profit before tax of euro 743 million). Adjusted for exceptional factors, the segment would have reported a profit before tax of euro 765 million and a return on equity of 19.1% (2007: 18.1%). The Financial Services segment increased its revenues to euro 15,725 million (2007: euro 13,940 million/+12.8%). The volume of new retail customer contracts rose by 3.1% to euro 29,341 million. The proportion of new BMW and MINI brand cars financed by the Financial Services segment amounted to 48.5%, up by 3.8 percentage points compared to the previous year. This increase was largely attributable to the higher proportion of credit financing, while lease financing remained fairly constant.

Capital expenditure below previous year's level

Capital expenditure, at euro 4,204 million (2007: euro 4,267 million/-1.5%), was lower than in the previous year. The main focus of capital expenditure was on product investments in conjunction with the production start-ups of new models such as the BMW 7 Series, the Z4, the X1 and the MINI Convertible as well as infrastructure investments. Capital expenditure for property, plant and equipment and other intangible assets increased by 1.6% to euro 2,980 million (2007: euro 2,934 million). In addition, euro 1,224 million (2007: euro 1,333 million/-8.2%) of development expenditure was recognised as assets in accordance with IFRS. The capitalisation ratio, at 42.7%, was therefore similar to the previous year's level (42.4%).

Workforce reduced

The number of employees was reduced over the past year as a result of the previously reported personnel-related measures, the sale of business units, normal staff attrition and the expiry of temporary contracts. At the end of 2008, the worldwide workforce comprised 100,041 employees (31 December 2007: 107,539 employees), 7.0% fewer than one year earlier. Approximately 4,000 voluntary employment contract termination agreements had been signed by the end of December. In addition, almost 1,800 posts were reduced following the sale of the Cirquent Group to NTT Data. The number of trainees at the year-end (4,102) remained at a high level (31 December 2007: 4,281).

Source : http://www.theautochannel.com (3/12/2009)


Barbie Celebrates her 50th Birthday with a New Fiat 500  
SLOUGH, UNITED KINGDOM –: Barbie, the most famous fashion doll in the world, celebrated her 50th birthday on Monday (9 March) with a unique pink Fiat 500.

The special, one-off show car was designed and built in a partnership between Fiat’s Style Centre (Centro Stile) and toy maker Mattel, to mark five decades of the internationally-known icon.

The bright pink Fiat 500 transported a real-life ‘Barbie’ model through the streets of fashionable Milan, driven by an equally life-like ‘Ken’. She arrived at Milan’s La Rinascente department store, while German pop band Nena played live songs from the last 50 years.

The special city car’s gleaming paintwork resembles nail varnish, while its seating is upholstered in soft, silver laminated Alcantara fabrics. The floor mats have been enhanced with natural silk yarn and there are lip glosses in brilliant colours stored in the glove compartment, along with an LED-lit vanity mirror.

Bright crystals sparkle on interior bezels, hubcaps, window mouldings and the roof-mounted aerial, and there is even an outline of Barbie’s famed silhouette on the B-pillars.

“Barbie is a looker, smart enough to listen to everyone, a universal ambassador opting for a car that never divides, but frees everyone from having to declare their social status,” said Roberto Giolito, Fiat Style Director and creator of the Fiat 500.

Source : http://www.theautochannel.com (3/12/2009)


Citroen Strengthens Its LCV Division  
SLOUGH, UNITED KINGDOM –: In recognition of the importance of commercial vehicle sales to the success of the Company, Citroën has decided to form a new strengthened Commercial Vehicle Sales Division. Charles Peugeot has been appointed to head up this new division, reporting directly to Xavier Duchemin, Managing Director of Citroën UK.

Citroën has sold nearly a quarter of a million vans in the UK in the last decade to become one of the leading players in the UK Light Commercial Vehicle market. Proof of Citroën’s rapid growth in popularity is given by the fact that it has only been selling vans in the UK for just over 20 years.

Charles Peugeot will head up a team of nine that includes the current Commercial Vehicle Operations team, together with six field based Business Centre Managers.

Commenting, Xavier Duchemin said, “I am very pleased that Charles will be joining us to further strengthen our LCV team. Once again Citroën is forging ahead for the future, against a backdrop of very difficult trading conditions, in preparation for the time when the market becomes somewhat easier, whilst also helping us to maximise our potential right now.”

Charles Peugeot, 28, has two masters degrees and three years experience with PSA Peugeot Citroën in both engineering and commercial roles for Citroën in the Spanish market. He commented, “This is a very exciting opportunity, and I am pleased to be working with an excellent and well established team here in the UK. With virtually brand new models across the entire Citroën LCV range, I am convinced that we have a very promising future in the UK market.”

Source : http://www.theautochannel.com (3/12/2009)


VeloceToday Italian and French Car Enthusiast Web Site Welcomes Contributor Larry Crane  
Williamsburg: Italian and French Car Enthusiast web site VeloceToday.com has announced that automotive aficionado Larry Crane will now be a regular contributor to the site. “Larry is a wonderful addition to our team of veteran writers. He has incredible knowledge about classic French and Italian cars based on years of direct experience with them,” says Publisher and Editor Pete Vack. Since 2002, VeloceToday.com has been delivering weekly exclusive feature articles and news about Italian sports and exotic cars. It was one of the first niche automotive web sites to attract serious collectors and enthusiasts. Vack explains, “We have approximately 15,000 devoted subscribers who receive new feature articles written by experts such as Larry Crane by email. Our daily and monthly traffic continues to grow on a regular basis as people continue to spread the word.”

Crane is no stranger to the world of automotive journalism. His background includes hundreds of feature articles and art layouts for print media giants Motor Trend, Automobile and Road & Track. He also edited and designed Steve Earle’s Vintage Racer magazine and competed in the Mille Miglia Storica in Italy. For over 30 years Crane has experienced exotics cars both on and off the track. His artistic talents won him the opportunity to design and paint five of the famed Monterey Historic Automobile Races posters. Most recently, Crane was editor of AUTO Aficionado magazine which focused on "collector cars, new and old" including historic car races, tours, rallies, auctions and Concours d’Elegance events. “I can’t deny my passion for French and Italian cars and I welcome the opportunity to share my experiences and stories from my racing and motoring career with the readers of VeloceToday.com.” Crane’s “A Car Life” weekly features are already a huge success.

In early 2008, VeloceToday.com made a decision to add a French car theme to the existing Italian-only focus. Vack explains, “Ironically, it was our Italian car enthusiasts that wrote us on a regular basis asking that we add French car topics--the two just go hand in hand.” With veteran contributors lending their expertise from around the world, VeloceToday.com has successfully fused two passions into one central location on the web site. Readers and subscribers continue to remark about the great articles every week that include details of both French and Italian cars, their history and related events. Subscriptions are free of charge to enthusiasts.

Source : http://www.theautochannel.com (3/12/2009)


BMW Led Group Develops Ultra Efficient Hydrogen Combustion System  
Munich The BMW Group Forschung und Technik, in cooperation with researchers in Graz and Vienna, Austria, has succeeded in developing a dedicated hydrogen combustion engine with diesel-like geometry and progressive H2 high-pressure direct injection technology. The result is an efficiency level of up to 42 percent, on par with that of the best turbodiesel engines. Partners in the “H2BVplus” project, which is sponsored by Austria’s Federal Ministry for Transportation, Innovation and Technology (BMVIT), are the Institute for Internal Combustion Engines and Thermodynamics at Graz University of Technology, HyCentA Research GmbH in Graz, as well as HOERBIGER ValveTec GmbH in Vienna.

“In light of the limited availability of fossil fuels and the rising environmental impact from harmful emissions, we are convinced that the H2 combustion engine will assume an important position in the product portfolio of future alternative drive concepts. It will crucially contribute to safeguarding our individual mobility at the high level the customer expects,” said Professor Dr. Raymond Freymann, Managing Director of BMW Forschung und Technik GmbH.

The newly developed combustion system combines the strengths of spark-ignition and diesel concepts, while utilizing the favorable combustion properties of hydrogen, and thereby achieves efficiency values that easily bear comparison with even those of state-of-the-art turbodiesel engines. In the process, the engineers based their work on the joint EU “HylCE” project, during which maximum specific powers of up to 100 kilowatt per liter of displacement were demonstrated for a spark-ignition hydrogen combustion process.

Engineers from the BMW Group Forschung und Technik developed a new cylinder head for hydrogen operation based on a production diesel engine. The combustion chamber of the engine was configured jointly by BMW and the Graz University of Technology using numerical flow simulation. HOERBIGER ValveTec GmbH designed high-pressure injectors for direct injection of hydrogen into the combustion chamber with pressures of up to 300 bar, nearly 4500 psi. These injectors were tested and calibrated at the Hydrogen Center Austria, which also provided the hydrogen infrastructure. Extensive test runs on the test benches of the Institute for Internal Combustion Engines and Thermodynamics of the Graz University of Technology have shown that a combination of spark-ignition and diesel combustion systems using surface ignition subsequently followed by a diffusion type of combustion is the ideal solution with respect to engine efficiency. As a result, the entire characteristic engine map range of a typical passenger car engine can be covered and top level efficiency values are achieved. Attendant benefits are the increase in specific power and reduction of fuel consumption. Thus, even in an early concept phase this combustion system matches the efficiency values of the currently best turbodiesel engines at a maximum of 42 percent. As the exhaust gas heat of internal combustion engines can be used well due to the high temperature levels, further increases in overall efficiency will be possible in the future as a result of waste heat utilization.

BMW Forschung und Technik GmbH is a 100% subsidiary of BMW AG and has been responsible for research within the BMW Group since 2003. Its subject areas cover Vehicle Technology, CleanEnergy (hydrogen technology), EfficientDynamics (intelligent energy management/alternative drive systems), ConnectedDrive (driver assistance/active safety) and ITDrive (IT and communications technology). Its legal independence as a limited company guarantees creative freedom and maximum flexibility. Global access to new trends and technologies is ensured by an internationally established network with branches in the USA (Palo Alto, CA and Clemson, SC), Japan (Tokyo) as well as liaison offices in France with Eurécom (Sophia Antipolis) and in Germany (Saarbrücken) with the German Research Centre for Artificial Intelligence (DFKI GmbH).

HOERBIGER ValveTec GmbH is a company of the HOERBIGER Group. HOERBIGER is active throughout the world as a leading player in the fields of compression technology, automation technology and drive technology. The focal points of its business activities include key components and services for compressors, gas-powered engines, and turbomachinery, hydraulic systems and piezo technology for vehicles and machine tools, as well as components and systems for shift and clutch operations in vehicle drive trains of all kinds.

The core objective of the Institute for Internal Combustion Engines and Thermodynamics at the Graz University of Technology is to carry out innovative and internationally recognized teaching and research within the interrelated fields of energy, engine, transport and environment, and in particular to contribute to solving environmental problems. Within the section "Innovative Combustion Systems" new combustion processes are developed not only for conventional fuels, but also for alternative fuels (e.g. natural gas) and energy carriers (e.g. hydrogen), which are becoming more and more important. In general, these research activities focus on all relevant targets such as maximum efficiency and power density as well as minimum emissions.

The HyCentA (Hydrogen Center Austria) promotes the use of hydrogen as a regenerative energy carrier. With its hydrogen test center and the first hydrogen delivery station in Austria, the HyCentA acts as a focal point and information platform for hydrogen-oriented research and development activities.

Source : http://www.theautochannel.com (3/12/2009)


Great Wall, Chryler Drop Small Car JV Project  
Shanghai, China's Great Wall Motor has terminated its joint venture project with Chrysler due to changed situations, said the Chinese car company's president Wang Fengying on Wednesday.

Ms. Wang said in an interview with China Business News that "due to the recent downturn in the global car market, both companies have gone through major changes since they entered into the agreement, and the market slump makes further steps difficult to take."

"Now instead of manufacturing a small car model for Chrysler, we have decided to make a redesigned model under our own brand in the second half of this year or early next year," she said.

Chrysler, which is owned by private equity firm Cerberus, signed a memorandum of understanding with Great Wall Motor in July 2008 to explore the viability of a long-term strategic relationship.

The two companies have since developed an A-class car model that was scheduled to be produced by the Chinese automaker and sold around the world as a rebadged Chrysler model.

Source : http://www.theautochannel.com (3/12/2009)


Survey Results Show Audi A6 Drivers Have Cleanest Cars While Honda Accord Most Cluttered  
MIAMI March; LeaseTrader.com, the nationwide online marketplace for car lease transfers, today released the results of its Spring Cleaning Clean Car Survey, with Audi A6 drivers having the cleanest cars in America. The online survey of more than 2,000 also found that Honda Accord drivers have the most clutter in their vehicles.

To acknowledge the annual “Spring Cleaning” season, LeaseTrader.com polled customers and asked drivers of each major vehicle brand a series of questions relating to the amount of clutter found in their vehicle at any given time, as well as the frequency and time in between cleanings of the exterior and interior of their cars. Minivan and SUV drivers were not included since these vehicles are more often used for families that have a higher propensity for clutter. Other points of interest:

--Survey taken by an equal amount of men and women across all car models.

--35% men claim they wash their car once every two weeks; 22% for women.

--Majority of men claim to have “a few extra papers and limited household items” for car clutter.

--Majority of women have “multiple household items, makeup and paperwork” for car clutter.

--“Household items” for this survey include pens, CDs, snacks, etc.

Top five cleanest vehicles today in America:

1) Audi A6

2) BMW 5 Series

3) Mercedes C Class

4) Infinity M35X

5) Lexus ES

March 20 is the first official day of spring and millions of people spend the month cleaning unwanted items from their houses, garages and cars. LeaseTrader.com works with people that wish to (spring) clean up their finances by helping them escape a car lease they no longer want. The Lease Transfer Program allows a person to list their vehicle for $79 and transfer the remaining portion of the lease to a credit-qualified individual for just $149.

Source : http://www.theautochannel.com (3/12/2009)


GM can survive without government aid in March  
DETROIT: General Motors Corp says its restructuring plan is starting to take hold, improving the automaker's fortunes at least to the point that it won't need a $2 billion government loan installment that it had requested for March.

Chief Financial Officer Ray Young said Thursday that GM formally told the Obama administration's autos task force on Wednesday that it wouldn't need the money this month. But in an interview with a news agency, Young would not say when the struggling automaker would need more government money or whether it will reduce the size of its loan request.

"It seems like our companywide cost reduction efforts are moving well, as well as we've been able to defer spending that we previously anticipated in January and February," Young said. "I think that's a positive development."

GM, which is living on $13.4 billion in government loans, has requested another $16.6 billion as it tries to weather the worst auto sales slump in 27 years.

Young said GM's cash burn rate, the amount of spending above revenue, has slowed since the company submitted a viability plan to the government on Feb. 17.

Source : EconomicTimes (3/12/2009)


Centre plans second stimulus for auto sector  
The Government is considering another stimulus package for the automobile sector, which will lead to replacement of about 40,000 buses of State transport corporations (STCs).

This is an initiative of the Society of Indian Automobile Manufacturers (SIAM); the Government is learnt to have held talks with the Election Commission on whether announcement of such a package will violate the code of conduct.

According to the initiative, SIAM, in a study conducted for this purpose, found out that there are least 32 State corporations that run over 32,000 buses which are over 15 years old and fall under the overage category. These buses were not being replaced because since 1991 the Centre had stopped giving capital grants for the STCs for replacing the overage buses.

The new stimulus package will be thrown open to all State transport corporations, which means replacement of a total of over 40,000 buses. All STCs will be given capital incentive of between 50 per cent and 75 per cent for replacing overage buses. These buses will have to be deployed in semi-urban, rural and in hilly areas.

In the first stimulus package, under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme, States will get financial assistance up to June for purchase of about 15,000 buses for the urban transport system.

The SIAM study also found out that because of the paucity of buses, over 14 crore km have not been covered so far. With regard to the JNNURM scheme, some of the State road corporations have started floating tenders for purchase of buses.

Sources in SIAM said that though these buses are for the semi-urban and rural areas, even companies such as Volvo and Mercedes Benz, which make high-end buses, can bid for the tenders, as individual States can take decisions regarding the type of buses they will require.

Meanwhile, the SIAM Director-General, Mr Dilip Chenoy, said the Centre had been asked to standardise the bus code regarding the exact specifications on how transport buses should be built.

Source : Business Line (Online Edition) (3/13/2009)


Over one lakh i10 domestic sales in 2008  
CHENNAI: Hyundai Motor India said it has achieved yet another key milestone in its decade old journey in India by clocking the fastest three lakh i10 sales in the shortest span since its launch on October 31, 2007.

Of the three lakh i10 cars sold, over 1.44 lakh were sold in the domestic market and around 1.56 lakh were exported to over 100 countries across Latin America, European Union, Middle East and South East Asia.

The ‘Made in India’ car went global in December, 2007 and since then its total export orders crossed 1.5 lakh plus units in 15 months, company said in a statement on Thursday.

HMIL Senior Vice President, marketing, Arvind Saxena said, "The company has constantly focused on providing the best for its customers be it design, technology or the best value for money proposition. And the resounding success of the i10 just proves that our customers value these parameters as well and have reinforced our belief that, if we provide the best, we will always be on the fore front be it the domestic or the overseas market".

Further, he said, the i10 which meets the stringent safety and emission norms even in the European market has become an undoubted segment leader in both the domestic and overseas market.

Source : Economic Times (3/12/2009)


Nano may find it difficult to enter Europe: Audi  
Tata Motors small car, Nano, may find it difficult to enter Europe due to stringent safety and emission norms, opines leading German luxury carmaker Audi.

According to Axel Strotbek, Audi AG member of the board (Finance and Organisation) stated that given its price, the car may not able to meet the fuel efficiency and emission norms which are very important for European customers. Many Chinese carmaker had earlier tried to enter Europe, but could not as they faced problems, he added.

However, this has not deterred company`s hope. Recently, the company unveiled the European version of Nano at the Geneva Motor Show received huge applause from car enthusiasts. The company plans to launch the, `Nano Europa`, loaded with additional safety features and complying with Euro V emission norm, by 2011.

Shares of Tata Motors gained Rs 9.25, or 6.77%, to settle at Rs 145.95. The total volume of shares traded was 1,068,849 at the BSE (Thursday).

Source : myiris.com (3/12/2009)


Tune up your new Fiesta  
Your new Fiesta not hot enough for you? Performance upgrades are now available.

Owners of the latest Ford Fiesta 1.6-litre petrol models can order an upgrade from specialists Mountune Performance.

The enhanced performance of the Fiesta Zetec-S and Titanium models is priced at £1,299 (plus fitting).

It consists of a high-flow air induction system, a high performance exhaust including high-flow catalyst and tubular manifold, and re-calibration of Ford's 1.6-litre Duratec Ti-VCT engine.

The result takes the target power output to 140PS at 6,750rpm and 170NM of torque at 4,250rpm, compared to 120PS and 152NM for the standard engine.

As a result, 0-60mph acceleration time is reduced to 7.9 seconds from the standard engine's 9.9 seconds.

The new dealer-fit Fiesta performance kit follows similar Mountune Performance Upgrades for the popular Focus ST and Fiesta ST models which were made available from the beginning of 2008.

All kits are fully approved by Ford and have been tested and verified on a wide range of British roads as well as numerous laps of the famous Nürburgring circuit in Germany.

The upgrades carry a minimum of 12 months/12,000-mile dealer warranty and do not affect the original vehicle warranty.

Source : http://www.newcarnet.co.uk (3/12/2009)


European Customer Demand for New Ford Fiesta Stays High, Boosting February Market...  
COLOGNE, Germany -- The new Ford Fiesta remained Ford of Europe's best-selling car in February as demand pushed the company's market share for the 19 main markets up nearly a full percentage point to 8.5 percent versus the same month last year.

Ford of Europe sold 91,100 vehicles in its Euro 19 markets in February, including 27,900 new Fiestas, making it the best-selling Ford car again this month, and the second-best selling car in the industry. Already this year, 56,200 new Fiestas have been delivered to European customers. Since the European market launch started in August 2008, sales of new Fiesta have totaled nearly 117,000.

"We're excited, but not surprised, to see the new Fiesta doing so well in the market place given the current economic conditions," said Ingvar Sviggum, vice-president marketing, sales and service, Ford of Europe.

The new Fiesta, the first in a series of fuel efficient new small cars developed through Ford's global product development process, is also on sale in China, Australia, New Zealand and South Africa. It will be launched in North America and other Asia Pacific markets early next year.

Germany sales rise in challenging European market

While overall industry Euro 19 sales declined by 20.1 percent, Ford sales in February were down by 14.2 percent compared to the same month in 2008. Top selling Ford models in the 19 main European markets were the new Fiesta (27,900), the Focus (20,800), and Transit (7,100).

"There are a number of bright spots for us this month, particularly Germany where Ford sales are up by 21,000 vehicles, or 43.7 percent, versus last February, thanks in no small part to the scrappage scheme which is proving extremely popular and generating a lot of additional showroom traffic," Sviggum said. "However the underlying trend we face is still one of an overall sales decline across the industry as a whole. We will continue to do all that it takes to stay competitive and protect the flow of our exciting new products."

Ford's 8.5 percent market share for February represents an increase of 0.8 percentage points from the year-ago month. Ford's share rose in 15 out of the main 19 markets across Europe. Only Ireland, Norway, Portugal and Spain were down in February.

In Britain, where market share rose by 1.1 percent to 17.6 percent, the Fiesta was the best-selling car for the fourth consecutive month, and in Italy, Ford was the leading import brand and the Fiesta was the best-selling imported car. In France, the Fiesta, C-MAX and S-MAX were the best-selling imported vehicles in their segments.

Across all its 51 European markets, Ford sold 107,800 vehicles in February 2009, down 18.5 percent or 24,400, when compared to the same month last year.

Ford of Europe's sales in the first two months of 2009

In the first two months of the year, Ford of Germany sold 36,500 vehicles, up by 29.5 percent year-over-year, making it the largest sales market in Europe for Ford so far in 2009. Market share there was at 7.6 percent, up by 1.9 percentage points when compared to the same period last year. German industry year-to-date was up 0.4 percentage points on 2009.

In contrast to Germany, the industry in the U.K. was down by 32.2 percent. Ford of Britain sold 35,500 vehicles, 25.9 percent. However, Ford's market share in Britain continues to rise and for the first two months of the year increased by 1.2 percentage points to 18.5 percent.

Year-to-date market share in France increased by 0.5 percentage points to 5.7 percent, with sales at 21,500, a reduction of 2,600 from the same period in 2008.

In Spain, Ford remained passenger car leader in the first two months of 2009 with sales of 12,500, a decline of 15,000 units, and a market share of 8.9 percent. The Spanish market remains one of the most depressed in Europe, with sales falling more than 50 percent versus last year.

Ford Italy sold 34,600 vehicles over this period, down 8,200 units, and market share rose by 1.2 percentage points to 9.6 percent. Fiesta rose from third to second place in the list of best-selling vehicles in Italy.

In Russia, Ford sold 17,800 vehicles, a decline of 5,800. However, Ford's market share in the first months of the year to rise by 1.6 percentage points to 7.3 percent.

Source : http://www.automotive.com (3/12/2009)


Audi Lines up Sponsorship of Exclusive Tavistock Cup Golf Tourney  
HERNDON, Va -- One of professional golf's most exclusive events gains Audi as a key sponsor this year for the first time.

The 2009 Tavistock Cup will mark the first involvement by Audi in the six tournaments held annually thus far. This year's event is scheduled for March 16-17 and features two teams of 10 professional golfers from Isleworth Golf & Country Club and Lake Nona Golf & Country Club in Central Florida. The Tavistock Cup will be televised live on the Golf Channel in the U.S., Canada, Japan and more than 40 other countries around the globe.

Mark O'Meara returns as captain for Team Isleworth and is joined by teammates Robert Allenby, Stuart Appleby, Daniel Chopra, Darren Clarke, John Cook, J.B. Holmes, Charles Howell III, Nick O'Hern and Tiger Woods. Ernie Els returns as captain of Team Lake Nona which includes Ben Curtis, Chris DiMarco, Retief Goosen, Trevor Immelman, Graeme McDowell, Mark McNulty, Ian Poulter, Justin Rose and Henrik Stenson.

This year, the Tavistock Cup will contribute $1 million through the Tavistock Foundation to the charity selected by members of the winning team.

Classic Audi, the exclusive Audi dealer in Orlando, is leading the sponsorship and Ride & Drive with Audi of America.

"We are delighted to be participating in the Tavistock Cup this year," said Ian Bolin, the Audi General Manager responsible for Central Florida. "The charitable good works and the connection that the tournament provides to many of the world's best golfers and golfing fans make it ideal for the progressive message Audi embodies."

The officially sanctioned PGA Tour Tavistock Cup has become one of the most sought-after spectator events in professional sports. Attendance is limited to invited guests and the no-ropes gallery allows spectators to enjoy unsurpassed access to the world's great golfers.



To add even more suspense to the tournament, Classic Audi is laying down a challenge to the 20 professional competitors: If any one of them makes a hole-in-one on the 17th hole, they win an Audi R8 and the nine other members of their team get to take home Audi A5 coupes.

Audi will showcase more than 18 of its progressive luxury cars at the event, including the Audi TTCoupe, the TT Roadster, the A5 coupe, A6 sedan, the R8 sports car, the new Q5 crossover vehicle and the Q7 TDI, Audi's much-anticipated clean diesel SUV. Also on display will be the legendary Audi R10 racing car that has dominated recent 24 Hours of Le Mans races.

Tavistock Cup spectators will also be able to test out a range of Audi models, including the all new Audi Q5, in a sponsored ride-and-drive program from Classic Audi.

Source : http://www.automotive.com (3/12/2009)


Subaru of America, Inc. Names New Chairman  
CHERRY HILL, N.J -- Subaru of America, Inc. today announced that after a successful tenure, Mr. Tomohiko Ikeda, chairman, president and chief executive officer will return to parent company, Fuji Heavy Industries on April 16. As a promotion, Mr. Ikeda will assume the position of corporate senior vice president. He will be replaced by Mr. Yoshio Hasanuma, who is presently corporate senior vice-president, Subaru Global Marketing division. The move is effective April 16, 2009.

Mr. Ikeda joined Subaru of America in April 2007 and oversaw the launch of the Impreza and Forester models. Both models, along with Legacy sedan achieved sales records in 2008, and the year saw the Subaru brand as the only volume brand in the United States to post a sales increase. By December 2008 the company had also seen its market share grow to 1.9%, a 25 year record.

Mr. Hasunuma has been with FHI for more than 30 years and before his current role he served as corporate vice president for Subaru of Japan sales and marketing. Prior to this role, Mr. Hasunuma worked in various roles including sales planning and domestic sales. He is a graduate of Waseda University, Japan.

Tom Doll, executive vice president for Subaru of America, Inc. said, "Although we are sad to see Mr. Ikeda leave, we congratulate him on his promotion and thank him for his leadership over the past two years. We also welcome Mr. Hasunuma who will bring his knowledge of sales and marketing to us. We have an exciting year ahead of us and our sales success in 2008 and to date in 2009, has laid a strong foundation for the Company."

Source : http://www.automotive.com (3/12/2009)


Inspired by Music, Taurus Designers Find Harmony  
ATLANTA -- Popular culture is filled with examples of cars inspiring music. The Beach Boys loved their "Little Deuce Coupe" and, of course, Wilson Pickett sang about "Mustang Sally."

Turns out it's a two-way street: Music can inspire car designers, too.

A diverse range of musical artists, including Alicia Keys, Paul Oakenfold, Kem, Anthony Hamilton and Citizen Cope, influenced the design of the all-new 2010 Ford Taurus.

"Music helps us visual people paint pictures in our head," said Earl Lucas, Exterior Design manager for the all-new Taurus. "We know the Taurus has to speak to a diverse group of people, so we chose artists who do the same with their songs."

Citizen Cope, in particular, struck a chord with the design team. He said the music was perfect for what Ford is trying to achieve with its fresh interpretation of its flagship sedan.

"Citizen Cope's music is so fresh and new - such a unique sound," Lucas said. "Fresh, new and unique are some of the same qualities we were looking for in the new Taurus, so the music is such a great match to the vibe we were aiming for with the car."

Songs that are straight forward and simple in particular tapped into the Taurus vibe.

"There's an unpretentious dynamic to Taurus," Lucas said. "The new car is more upscale and sporty, but it's also subtle and can be appreciated and desired without being in your face."

Music in the Taurus Design Process

Lucas said designers typically listen to music while they're designing, either sketching on paper or rendering digitally. "The better the music, the more inspired the designer is when coming up with shapes," Lucas said. "You just feel more creative. Music allows the designer to get into a space that is away from the pressure of the job."

Music also was a key part of early presentations to the Ford marketing and management teams and the dealer body by helping create strong, positive feelings going forward.

"We really wanted the music to set the stage for what the new Taurus was all about, to convey to others the excitement and pride the development team had while designing and engineering the car," said Kristin Hellman, assistant product marketing manager for Taurus. "We needed music that matched the emotion the car brings out in people when they see it for the first time.

"I worked on this program from the very start, watching the car develop every step of the way, and even I gasped the first time I saw our finished 'show car,' " she said. "When we revealed the car to the larger Ford team, we had music that matched that enthusiasm. It really helped match the excitement level we were looking for, and the spontaneous standing ovation from the audience proved we had struck a chord."

Source : http://www.automotive.com (3/12/2009)


Autodata Solutions and Insignia Group Join Forces to Bring Visual Configuration and...  
DETROIT -- Autodata Solutions, Inc., a leading provider of technology and professional services to North American automotive manufacturers, today announced an exclusive distributor and integration alliance with Insignia Group, an industry leader in automobile dealership accessories sales and management systems.

As part of this initiative, Insignia Group will provide accessory images, descriptions, and compatibility rules through its proprietary software for use in Autodata's platform of automotive software technologies and tools. Insignia brings its proprietary visual accessorization capability to the Autodata platform, allowing Autodata's tools to dynamically change vehicle images as users select accessory options.

"Insignia is clearly a leader in accessories sales innovations and will enable Autodata to offer manufacturers, portals and dealership providers innovative solutions to their markets," said Greg Perrier, CEO of Autodata Solutions. "By leveraging Autodata's integrated services-distribution and delivery platform, Autodata will help Insignia license its vehicle accessory data and tools by way of its software platform to North American automotive manufacturers, industry VARs and over 22,000 franchised new car dealers."

"We are excited about leveraging the depth of Autodata Solutions' automotive IT platform and professional service capabilities," said David Stringer, President, Insignia Group. "By entrusting system integration services to Autodata Solutions, it will enable us to continue focusing on innovation so that Insignia's capabilities meet the specific needs of manufacturers and their customers. This arrangement will clearly broaden the appeal and penetration of our software tools."

Autodata Solutions, Inc. is a leading provider of consulting and professional services to North American automotive OEMs. Autodata provides a wide range of technology consulting services associated with selling and marketing a vehicle. Its reseller division distributes Autodata vehicle data, images and tools to media portals and dealership service providers. Autodata is a division of Internet Brands, Inc.

Insignia Group, the premier provider of accessory sales innovations, has been helping dealers to maximize dealerships' profits through accessory sales for more than 6 years, facilitating over $130,000,000 in accessory sales. Insignia Group currently supports 20 brands and serves over 1700 dealerships nationwide. From accurate data to useful sales tools, services, and training, Insignia simplifies the accessories sales process so orders can be fulfilled quickly and easily.

Source : http://www.automotive.com (3/12/2009)


Steel Industry Calls on Scientific Congress on Climate Change To Act Responsibly...  
COPENHAGEN, Denmark -- While tailpipe emissions are currently the de facto measurement for greenhouse gas emissions for autos, lifecycle assessment is gaining legitimacy as a more comprehensive measurement of GHG emissions.

The World Steel Association in partnership with its automotive branch, WorldAutoSteel, will present its latest findings on energy savings and CO2 emission reductions in steel on 10-12 March at the International Scientific Congress on Climate Change in Copenhagen, further backing their commitment to mitigate climate change effects.

The conclusions of this congress will be transmitted to world leaders and policymakers in the run-up to the post-Kyoto Climate Change conference in December.

Global steel industries calculate GHG emissions using Lifecycle Assessment (LCA) as the most accurate and responsible method to achieve the world's climate objectives.

LCA is a tool to measure product or materials' environmental performance from cradle-to-grave (or from cradle-to-cradle). This model shows that steel is the lowest generator of greenhouse gases in comparison to competing materials.

WorldAutoSteel Director Ed Opbroek said: "This methodology has been largely overlooked by legislators concerned primarily with the use phase (i.e. vehicles' tailpipe emissions). Yet, as we move towards hybrids and plug-in vehicles with alternate body structures and new advanced powertrains, material selection becomes essential to maximize global GHG emission reductions."

Source : http://www.automotive.com (3/12/2009)


4CS Announces New Offering of Its Products in a Comprehensive Suite Named 'Service...  
ORLANDO, Fla -- 4CS, Inc., a leading provider of Service Customer Lifecycle Management (SLM) solutions, is pleased to announce its newest product set, Service Suite.

"We have been working hard to build our product solutions into a cohesive suite that brings new value to our customers," said Ashok Kartham, CEO of 4CS. "Now, our customers can perform tasks that just were not available with other island solutions."

With common user screens, information shared across all products, custom-tailored processes, and fluid connections throughout their environment, 4CS products bring the best to our customers' entire service universe.

Products within our Service Suite include:

--iWarranty - Warranty Lifecycle Management
--iService - Service Lifecycle Management
--iParts - Service Parts Management
--iSupport - Technical and Customer Support Management
--iFleet- Fleet Service Program Management
--iOwn - Product ownership and usage management

4CS software products include shared building blocks like Service Hub, Service Intelligence and Service Exchange, which significantly enhance the value of the service chain resulting in added service revenue and profitability for our customers.

Sample shared tools and functions include:

Service portal
Rules and workflows
Service intelligence
Database, data warehouse, and data structure
Partners, customers, dealers
Products, components, parts, labor
Policies and coverages
Integrations, ERP, CRM, Parts, etc
User interface and interoperability

4CS has also created a new pricing structure to help customers extend their solution throughout the service chain at a special suite price. Now it is even easier for customers to improve their results with an extended service chain solution at a very effective cost.

4CS is a leading provider of Service Lifecycle Management solutions. The 4CS Service Lifecycle Management applications provide proactive and collaborative service solutions that enable business to meet changing needs throughout the customer's life, concentrating on the post-sale or aftermarket stages.

Source : http://www.automotive.com (3/12/2009)


Porsche announces Panamera prices  
Prices for Porsche’s first luxury four-door – the Panamera – will start at £72,266 when it goes on sale in September.

The entry point will be the Panamera S, which will have a 400bhp 4.8-litre V8 engine. A six-speed manual gearbox will be standard, although Porsche’s twin-clutch PDK semi-auto transmission will be a £2289 option.

Next step up is the 4S, at £77,269, which features four- rather than rear-wheel drive and a PDK gearbox as standard. Top of the pile will be the Panamera Turbo. It’ll have a turbocharged version of the V8 engine with a whalloping 500bhp and will cost £95,298.

Every version will come with full leather trim, Porsche Active Suspension Management (PASM), satellite-navigation and Bluetooth connectivity with a cordless handset for rear-seat passengers. There’s a stack of airbags, too – those in the front have head, side and knee airbags, and full-length curtain airbags run the length of the cabin.

Extras on the Panamera Turbo include air suspension, a BOSE stereo, metallic paint, heated rear seats and rear side airbags.

Despite Porsche’s description of the Panamera as a ‘four-door’, it has a conventional hatchback tailgate. It’s a practical four-seater with a 445-litre boot (432 litres for the Turbo) and will be a rival for the likes of the BMW M5 and Maserati Quattroporte.

Source : http://www.whatcar.com (3/12/2009)


Help for car makers slow, says Mandelson  
Business secretary Lord Mandelson has said he wished talks between the Treasury and the Bank of England to help the car industry had 'gone quicker'.

Car makers have been lobbying the Government to help their finance arms provide loans for car buyers.

Lord Mandelson also hinted that it was the Bank of England that was responsible for slowing the process.

Mandeson said: 'Discussions are nonetheless making progress and I hope that it will be possible to help those car financing arms, because that goes hand in hand with our efforts to give a shot in the arm for the demand in cars.'

The Government has already put in place a £2.3 billion aid package to help the car industry, including £1.3bn from the European Investment Bank (EIB).

UK business minister Ian Pearson yesterday met industry representatives to explain what companies need to do to access the EIB cash and the £1bn loan-guarantee programme.

Pearson said: 'The automotive assistance programme is now open for business. We are determined that this scheme will deliver support as quickly as possible.'

Land Rover gets Government cash

Land Rover yesterday announced that the Government had given the company a £27 million grant to help build a new, greener Range Rover at the company's Halewood plant in Merseyside.

GM is also thought to have made an application to the fund to help develop its Ampera battery-powered car, which could be built at its Merseyside Ellesmere Port factory.

Source : http://www.whatcar.com (3/12/2009)


Hyundai Beefs Up Marketing Program with Incentives  
DETROIT — Hyundai Motor America is apparently on a major crusade to win market share. The Korean automaker, which earlier this year debuted a Hyundai Assurance program that lets buyers return their vehicles if they lose their jobs, is offering rebates on some 2009 models.

The rebate program runs through March 31. Buyers can get a $2,000 rebate on the Hyundai Sonata, as well as $1,000 back on the Hyundai Azera, Accent and Elantra. The Elantra deal excludes the Elantra Touring 2.0 M/T model. There is no cash back on the 2009 Hyundai Genesis, according to Hyundai's Web site.

Hyundai is also offering 4.9-percent loans on the Accent, Elantra and Sonata.

Source : http://www.edmunds.com (3/12/2009)


U.S. Stimulus Plan Fails to Generate Auto-Sales  
Washington DC; The AIADA newsletter reported that auto makers anticipating a boost in sales from the Obama Admin.'s $800 billion economic stimulus legislation have been sorely disappointed thus far, as dealers characterize the package as a weak incentive at best.

Wards reports that the American Recovery and Reinvestment Act includes billions of dollars in aid for the struggling auto industry. But the legislation lacks teeth when it comes to spurring auto sales, which plummeted 39 percent last month, compared with like-2008.

Michigan Congressman Thaddeus McCotter last week called on the Federal Reserve and U.S. Treasury to provide dealers with access to the $200 billion Term Asset-Backed Securities Loan Facility (TALF). Says McCotter: "If the American auto industry receives an enhanced bridge loan but cannot sell their cars, our communities will greatly suffer . . . removing financing barriers for auto dealers is essential."

Elsewhere in the world, new government sales-incentive schemes are showing results. In Germany, for example, a scrappage program offers €2,500 for turning in an old car and buying one with better fuel economy. Germany's sales jumped 15 percent on the program in February. Last month, U.S. legislators turned down a scrappage measure.

Source : http://www.theautochannel.com (3/12/2009)


Chevrolet Urban Challenge Is Coming To The UAE!  
DUBAI, UNITED ARAB EMIRATES –: Calling out to all cool youthsters in the UAE! The Chevrolet Urban Challenge Event and the Exclusive Urban Car Show are coming to Abu Dhabi’s Marina Mall on 29th April – 2nd May for four days of intense competition, close rivalry and car-fuelled excitement.

The Urban Challenge is based on teams competing against each other across four different disciplines: 5-a-side football, basketball, go-karting, and gaming. Each of the 48 teams that will compete should consist of five to eight members, aged between 15 and 25 and can be a mix of boys and girls. The overall competition will be based on a point system with knock out rounds. First prize will go to the team with the most points collected across all four disciplines, over the four days. The winner of Chevrolet’s ‘Totally Street’ Aveo5 online car customisation competition will also be announced during the event, while visitors will have the opportunity to test drive the latest Chevrolet vehicles on site. Samantha Kayruz, Consumer Marketing Manager for General Motors – Middle East Operations, said: “Chevrolet has a responsibility to our region’s young people and as a brand really strikes a chord with the younger generation. Abu Dhabi’s Urban Challenge will be Chevrolet’s biggest and most exciting youth event yet with lots of great activities planned and we are urging people to sign up via the website and be a part of what promises to be an unforgettable experience.”

The Abu Dhabi stage of the Exclusive Urban Car Show will run alongside the Chevrolet Urban Challenge and is where participants can show off their Chevrolet, GMC, HUMMER or Cadillac modified cars. There are two categories, “IN-Style” for in-car entertainment, bespoke seating and add on accessories and “OUT-Fit”, for body kits, rims, paint jobs, graphics and spoilers. There will be 1st, 2nd and 3rd prizes in each category, and participants can enrol their cars across both “IN-Style” and “OUT-Fit”. Participants in the Chevrolet Urban Challenge and Exclusive Urban Car show can sign up now at www.urbanchallengearabia.com. Other daily activities to entertain visitors and competitors alike include a graffiti art challenge, PlayStation® video games, skateboarders, BMX riders, a Fox Movie lounge, live DJs, the opportunity to become a Rotana TV channel presenter and maybe a few surprises too. The previous Urban Challenge took place at the Corniche in Jeddah, Saudi Arabia in December last year and attracted over 2,000 people. The Chevrolet Urban Challenge in Abu Dhabi is the latest stop on the Urban Challenge tour which will visit other cities in the region throughout 2009.

Source : http://www.theautochannel.com (3/12/2009)


Chevrolet UK - When The Credit Crunches, We Cross  
LUTON, UNITED KINGDOM –: The pen is proving mightier than the control pad as new research out today reveals credit-crunched Brits are favouring the humble crossword over modern games. Nearly nine out of ten UK adults (86 per cent) say they find traditional crossword puzzles more stimulating than modern “brain training” games.

To celebrate the return of the modest crossword, Chevrolet, the value-for-money car manufacturer, has created a giant mobile puzzle on a Captiva car which has driven across the country to give the nation’s crossword lovers a chance to complete against each other in the huge 3D challenge.

The research commissioned by Chevrolet of over 1,000 UK adults illustrates that the growing crossword trend seems to be fuelled by the change in economy, as three quarters of those polled (76 per cent) claim that the credit crunch has encouraged them to find better value ways to occupy themselves.

Despite the crossword being close to a hundred years old, 42 per cent of Brits still enjoy one weekly, as eight out of the ten polled (82 per cent) consider crosswords to be a great form of education, completing them to keep their minds sharp. 89 per cent claim that the puzzles help expand their vocabulary, with 84 per cent believing that crosswords improve their general knowledge, deemed by Brits as the most important life skill after strong communication skills.

Adult puzzlers in Britain spend the equivalent of a full working week doing crosswords every year, with those from the North East being the most die-hard in their pursuit for completion, spending 61 hours a year on their favourite game. North Westerners and those from East Anglia are almost as hardcore in their passion to puzzle, spending just an hour less a year solving them.

Les Turton from Chevrolet, comments: “It comes as no surprise that people are turning to better value products and activities like crosswords, as we are all more aware of looking after the pennies. The accessibility and challenge of a crossword provides cost effective entertainment and brain stimulation.”

Source : http://www.theautochannel.com (3/12/2009)


New Fiesta Boosts Ford Of Europe Market Share  
COLOGNE, GERMANY -: Ford of Europe increased its market share in February across the company's 19 main markets (Euro 19) by 0.8 percentage points to 8.5 per cent versus the same month last year.

While overall industry Euro 19 sales declined by 20.1 per cent, Ford sales in February were down by 14.2 per cent, or 15,000 units, compared to the same month in 2008.

Ford of Europe sold 91,100 vehicles in its Euro 19 markets in February, including 27,900 new Fiestas, making it the best-selling Ford car again this month, and the second-best selling car in the industry.

Already this year 56,200 Fiestas have been delivered to European customers and since the market launch started in August 2008, sales of new Fiesta have totaled 117,000.

"We're excited, but not surprised, to see the new Fiesta doing so well in the market place given the current economic conditions," said Ingvar Sviggum, vice-president marketing, sales and service, Ford of Europe.

"There are a number of bright spots for us this month, particularly Germany where Ford sales are up by 21,000 vehicles, or 43.7 per cent, versus last February, thanks in no small part to the scrappage scheme which is proving extremely popular and generating a lot of additional showroom traffic. However the underlying trend we face is still one of an overall sales decline across the industry as a whole. We will continue to do all that it takes to stay competitive and protect the flow of our exciting new products," he added.

February market share up in 15 out of 19 markets

Ford of Europe sold 91,100 vehicles across the Euro 19 markets in February 2009. Ford's share rose in 15 out of those 19. Only Ireland, Norway, Portugal and Spain were down in February.

Top selling Ford models in the 19 main European markets were the new Fiesta (27,900), the Focus (20,800), and Transit (7,100).

Boosted by the scrappage scheme, the German market bucked the general trend and Ford of Germany sold 21,000 vehicles, up by 43.7 per cent or 6,400 on February 2008, making it the company's best-performing market by sales in Europe for February.

In Britain, where market share rose by 1.1 per cent to 17.6 per cent, the Fiesta was the best-selling car for the fourth consecutive month and in Italy, Ford was the leading import brand and the Fiesta was the best-selling imported car.

In France, the Fiesta, C-MAX and S-MAX were the best-selling imported vehicles in their segments.

Across all its 51 European markets, Ford sold 107,800 vehicles in February 2009, down 18.5 per cent or 24,400, when compared to the same month last year.

Ford of Europe’s sales in the first two months of 2009

In the first two months of the year, Ford of Germany sold 36,500 vehicles, up by 29.5 per cent year-over-year, or 8,300, making it the largest sales market in Europe for Ford so far in 2009. Market share there was at 7.6 per cent, up by 1.9 percentage points when compared to the same period last year. German industry year-to-date was up 2,100 or 0.4 percentage points on 2009.

In complete contrast to Germany, the industry in the UK was down by 32.2 per cent (-89,400). Ford of Britain sold 35,500 vehicles, down 12,400 or 25.9 per cent. However, Ford's market share in Britain continues to rise and for the first two months of the year increased by 1.2 percentage points to 18.5 per cent.

Year-to-date market share in France increased by 0.5 percentage points to 5.7 per cent, with sales at 21,500, a reduction of 2,600 on the same period in 2008.

In Spain, Ford remained passenger car leader in the first two months of 2009 with sales of 12,500 (- 15,000) and a market share of 8.9 per cent. The Spanish market remains one of the most depressed in Europe, with sales falling more than 50 per cent versus last year.

Ford Italy sold 34,600 vehicles over this period (- 8,200) and market share rose by 1.2 percentage points to 9.6 per cent. Fiesta rose from third to second place in the list of best-selling vehicles in Italy.

In Russia, sales of 17,800 (-5,800) enabled Ford's market share in the first months of the year to rise by 1.6 percentage points to 7.3 per cent.

Source : http://www.theautochannel.com (3/12/2009)


Mountune Offers More Power For Ford Fiesta  
BRENTWOOD, UNITED KINGDOM -: Performance upgrades for the latest Ford Fiesta 1.6-litre petrol-engined models have been developed by Mountune Performance and are offered through selected Ford dealers.

The Mountune Performance Upgrade for 1.6-litre versions of the new-look Fiesta Zetec-S and Titanium models costs £1,299 (plus fitting), and consists of a high-flow air induction system, a high performance exhaust including high-flow catalyst and tubular manifold, and re-calibration of Ford’s 1.6-litre Duratec Ti-VCT engine.

The result takes the target power output to 140PS at 6,750rpm and 170NM of torque at 4,250rpm, compared to 120PS and 152NM for the standard engine. As a result, 0-60mph acceleration time is reduced to 7.9 seconds from the standard engine's 9.9 seconds.

The new dealer-fit Fiesta performance kit follows similar Mountune Performance Upgrades for the popular Focus ST and Fiesta ST models which were made available from the beginning of 2008. All kits are fully approved by Ford and have been tested and verified on a wide range of British roads as well as numerous laps of the famous Nürburgring circuit in Germany.

Developed by Mountune Performance in association with Ford Team RS, this upgrade package will only be available at selected specialist Ford dealers in Britain from March 2009. The upgrades carry a minimum of 12 months/12,000-mile dealer warranty and do not affect the original vehicle warranty.

Source : http://www.theautochannel.com (3/12/2009)


Mercedes-Benz SLS AMG: High-Tech and Fascination - The new 'Gullwing' from Mercedes-Benz  
STUTTGART, AFFALTERBACH, Germany-: For the first time in the company's history stretching back over 40 years, the Mercedes-Benz performance brand is presenting a vehicle developed in-house, the Mercedes-Benz SLS AMG. The super sports car serves up an exciting proposition with its unique technology package: aluminium spaceframe body with gullwing doors, AMG 6.3-litre V8 front-mid engine developing 420 kW/571 hp peak output and dry sump lubrication, seven-speed dual-clutch transmission in a transaxle configuration and sports suspension with aluminium double wishbones. The ideal front/rear weight distribution of 48 to 52 percent and the vehicle's low centre of gravity are testimony to the uncompromising sports car concept.

"Mercedes-Benz is presenting an exhilarating super sports car in the guise of the new SLS AMG, which is bound to set the pulses of all car enthusiasts racing that extra bit faster. The SLS AMG is emotion pure and simple for the Mercedes-Benz brand and is set to become one of the most alluring sports cars of our era", says Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars.

"Our customers will experience with the SLS AMG the expertise of our sports car manufacturer Mercedes-AMG, built up over 40 years of motor racing, along with the kind of scintillating design that only a top athlete from the Mercedes-Benz stable can offer", says Volker Mornhinweg, Chairman of Mercedes-AMG GmbH.

The new Mercedes-Benz SLS AMG offers purist, distinctive styling, superior driving dynamics and hallmark Mercedes everyday practicality and safety. During the development of the new 'Gullwing', the AMG developers placed their trust in the valuable know-how of the specialists from the Mercedes Technology Center (MTC) in Sindelfingen. The aim of this joint development was to turn the SLS AMG 'Gullwing' into the perfect synthesis of the strengths of the Mercedes-Benz and AMG brands.

Consistent lightweight design thanks to aluminium The radical design as a highly talented dynamic super sports car with its low-slung front-mid engine set well back also feeds through into the proportions as well as the optimised lightweight body concept: for the first time, Mercedes-Benz and AMG are presenting a car with an aluminium chassis and body. Compared with the traditional steel design, this results in a significant weight saving, clearly illustrated in the planned DIN kerb weight of 1620 kilograms excluding driver.

The newly developed bodyshell comprises an aluminium spaceframe. This exclusive design combines intelligent lightweight design with outstanding strength – thus delivering superlative driving dynamics. Naturally, the aluminium spaceframe meets all the requirements in terms of passive safety and the hallmark Mercedes-Benz body quality that applies to any car sporting the Mercedes-Benz star. Despite the low sitting position in typical sports car fashion, the wide-opening gullwing doors make it easy to get in and out of the vehicle.

Fine-tuned AMG 6.3-litre V8 engine developing 420 kW/571 hp The fine-tuned AMG 6.3-litre V8 engine achieves a peak output of 420 kW/571 hp at 6800 rpm, thus turning the SLS AMGinto one of the most powerful sports cars in its segment. A power-to-weight ratio of 2.84 kg/hp comes courtesy of the low vehicle weight. The eight-cylinder naturally-aspirated engine delivers maximum torque of 650 Nm at 4750 rpm. The 'Gullwing' accelerates from 0 to 100 km/h in 3.8 seconds, before going on to a top speed of 315 km/h (all figures are provisional). Bearing the internal designation M159, the V8 high-revving engine with its displacement of 6208 cubic centimetres has been thoroughly reengineered compared with the M156 entry-level engine and boasts all the hallmarks of powerful racing engines.

The principal measures in increasing output include the all-new intake system, the reworked valve train and camshafts, the use of flow-optimised tubular steel headers and the dethrottling of the exhaust system. This results in much better cylinder charging, which feeds through into an increase in output to 420 kW/ 571 hp with maximum torque of 650 Nm. The eight-cylinder engine responds swiftly to movements of the accelerator pedal, demonstrating much more pronounced high-revving flexibility across the entire rev range. The switch to dry sump lubrication also translates into a much lower position of the engine in the vehicle. And lowering the vehicle's centre of gravity has also paved the way for high lateral acceleration and exhilarating driving dynamics.

Perfect synthesis of lightweight design and strength The use of high-strength components compensates for the increased engine load associated with the higher output. Forged pistons, a reinforced crankshaft bearing, optimised crankcase structure, along with improved lubrication thanks to an on‑demand high-performance oil pump ensure optimum durability.

Despite these higher loads, the engine weight for the M159 has been further reduced. The forged pistons as oscillating masses play a particularly valuable role in this respect. Thanks to targeted weight optimisation, the weight of the engine has been reduced further, resulting in a kerb weight of 206 kilograms and, in turn, a power-to-weight ratio of 0.36 kg/hp. The AMG 6.3-litre V8 engine thus delivers the best figure by far compared with its competitors.

Sophisticated catalytic converter technology enables current and future exhaust emission standards such as EU 5, LEV 2 and ULEV to be met. The friction-optimised twin-wire-arc-sprayed (TWAS) coating on the cylinder walls – a process that remains exclusive to AMG– also reduces fuel consumption, as does the on‑demand, map-optimised oil supply along with the regulated generator management. Thanks to the targeted use of efficiency-enhancing measures, fuel consumption for the SLS AMG is around 13 litres of Super Plus per 100 kilometres (NEDC combined, provisional figure).

Dual-clutch transmission with transaxle configuration and torque tube The AMG6.3-litre V8 engine delivers its abundant power via an ultra-light carbon-fibre driveshaft at the rear axle – similar to the set-up used on the DTM C‑Class racing touring car. The transmission is mounted at the rear (transaxle principle) and is connected to the engine housing via a torque tube. A carbon-fibre shaft rotates at engine speed in the torque tube. The advantages of this sophisticated solution are associated with the rigid link between the engine and transmission and, in turn, the optimum support for the forces and torque generated. A new AMG dual-clutch transmission with seven gears takes care of power transfer. The transmission boasts fast gear changes with no loss of tractive force. The driver has a choice of four different driving modes, ranging from comfortable to extremely sporty, as well as a RACESTART function. Optimum traction comes courtesy of the mechanical differential lock, which is integrated in the compact transmission casing.

The chosen solution with a front-mid engine plus transaxle configuration ensures an ideal front/rear weight distribution of 48 to 52 percent. Mounting the engine behind the front axle has created the ideal conditions for consummate driving dynamics with precise steering, first-class agility, low inertia with spontaneous directional changes and outstanding traction. The suspension technology is also a match for these high standards: wheel location comes courtesy of double wishbones and hub carriers made of lightweight forged aluminium. The 'Gullwing' comes with 3-stage ESP as standard, providing the driver with access to the three "ESP ON", "ESP SPORT" and "ESP OFF" modes at the push of a button.

Ceramic composite brakes, innovative flow-forming wheels The AMG high-performance composite brakes all-round ensure extremely short stopping distances even under enormous loads. The newly developed, optional ceramic composite brakes with larger brake discs guarantee even better brake performance and lower unsprung masses. The ceramic brake discs will perform reliably at even higher operating temperatures thanks to their greater hardness, all combined with an impressive weight reduction of around 40 percent. Light-weight design was also a key consideration with the wheels: weight-optimised AMG light-alloy wheels – 9.5 x 19 inch (front) and 11.0 x 20 inch (rear) - based on the innovative flow-forming principle reduce the unsprung masses while increasing driving dynamics and suspension comfort. 265/35 R 19 (front) and 295/30 R 20 (rear) tyres developed exclusively for AMG ensure optimum grip. The design and development phase for the super sports car got underway in the last quarter of 2006. The intensive vehicle testing programme will be complete by the end of 2009. Meanwhile, the reinterpretation of the legendary 'Gullwing' is scheduled to be launched in spring 2010.

Source : http://www.theautochannel.com (3/12/2009)


Renault Launches Sandero in South Africa  
JOHANNESBURG, South Africa — While the global auto recession is forcing some car brands to quit South Africa, Renault has bucked the trend by launching a new cut-price Sandero hatchback in a local assembly investment worth $100 million.

Produced in Pretoria, the country's executive capital, the budget car is the five-door cousin of the imported Logan sedan launched in South Africa late last year. It's been more than 30 years since the French marque last assembled a car, the Renault 5, in this country.

Designed by Renault's Romanian Dacia subsidiary for budget-conscious markets, the Sandero is built on the same platform as the recently introduced Nissan NP200 pickup and the Logan.

More than 1.3 million vehicles on the Logan platform have been sold worldwide since 2004, and in South America alone, the previously imported Sandero sold 40,000 units last year.

The South African range is comprised of a five-model lineup, ranging in price from $9,800-$14,300.

Where the Logan is the definitive A-to-B box-on-wheels (albeit a well-equipped one) and has the aesthetics of a washing machine, the Sandero adds a bit of a modern flavor.

It's no Ford Fiesta in terms of looks or modern technology, but it's far more high-tech and spacious than its main price rival, Volkswagen's medieval 1978-vintage Golf (now renamed the Citi Golf), which still sells in South Africa.

One of the Sandero's big selling points is its roominess/price ratio. At 158.2 inches long, it's larger than most of its mini-hatch rivals, resulting in generous passenger room and a spacious cargo bay. The car has a reasonably solid feel and the interior finishes, while lacking the flair of Renault's usual offerings, are neat and inoffensive and show little evidence of quality shortcuts.

Available engines include 1.4-liter and 1.6-liter eight-valve gasoline units, making respective outputs of 74 and 86 horsepower. A more powerful 16-valve 1.6 derivative is in the pipeline.

Pricing is the Sandero's trump card and the entry-level 1.4 Authentique model slots in just under the psychological R100,000 ($10,000) barrier, and comes standard with power steering and a driver's airbag.

The upper three Sandero models, which are pitched as more affordable alternatives to modern compacts like the VW Polo and Ford Fiesta, add passenger airbags and ABS brakes to the spec sheet, along with comforts like air-conditioning, radio/CD, electric windows, onboard computer and remote central locking, plus an extended maintenance plan.

"Sandero is the right car for the right time," says Xavier Gobille, managing director of Renault SA. "We want to bring the Sandero within reach of a wide and varied motoring audience seeking affordability without having to compromise on safety, quality, practicality and comfort."

Export markets for the car are being considered. South Africa is the only country producing right-hand-drive Sanderos and the Pretoria plant, currently building 400 units a month, has plenty of spare capacity.

Source : http://www.edmunds.com (3/12/2009)


Indycar Series Notes - March 12, 2009  
1. Pole will be worth one point: Indy Racing League officials have altered the bonus points awarded during an IndyCar Series race weekend to match Firestone Indy Lights – two points for leading the most laps and one point for the pole winner, marking the first time since 2000 that points will be awarded based on qualifying. Since 2001, the lap leader received all bonus points.

The pole winner also will receive the $10,000 PEAK Performance Pole Award prize for races other than the 93rd Indianapolis 500 ($100,000).

“The fight for the pole is full of drama on ovals and on road and street courses,” said Brian Barnhart, president of competition and operations for the IndyCar Series. “It seems appropriate that the driver who can survive four laps driving on the edge on ovals, or who can make it through three elimination rounds on road and street courses, be rewarded for their efforts with a point towards the championship.”

The point system for each race – descending from 50 for first place, 40 for second, 35 for third, etc. – is unchanged.

“I think it’s great that you’re rewarded for pole position because it is such hard work and so difficult to get a pole in this series,” said Team Penske’s Ryan Briscoe, who won three poles in 2008.” It’s sort of the first race of the weekend. To earn a point for it gives you a little more satisfaction.”

2. Four rookies ready for battle: Raphael Matos has won four championships in the last six seasons, working his way through the developmental racing ranks to a full-time ride in the IndyCar Series. While a fifth title might be a bit ambitious for 2009, Matos will be a top contender for Bombardier Learjet Rookie of the Year honors.

Matos is one of four rookies entered full time in the IndyCar Series in 2009, joined by Stanton Barrett, Mike Conway and Robert Doornbos. All four will be contenders for the $50,000 prize.

Of the four, Matos should have the easiest learning curve. The 27-year-old won the 2008 Firestone Indy Lights championship, competing on many of the same circuits as the IndyCar Series in a race car that is the most similar to the one used in the IndyCar Series.

“I feel comfortable and I have been successful at pretty much every road course that we will be racing at, so it’s just a matter of having all the pieces together,” Matos said.

Matos moves to the IndyCar Series with Luczo Dragon Racing after winning his Firestone Indy Lights title with AFS/Andretti Green Racing. He also won championships in Champ Car Atlantic in 2007, Formula Mazda in 2005 and Formula Dodge in 2003. Those came on the heels of five championships as a teenager in Brazil.

“Our expectations are to win two races at least this season,” Matos said. “We’ll be fighting for the championship, but we have a lot to learn. We have to build up a solid base. We’re a one-car team, and that also will make things a little bit more difficult sometimes, but sometimes it’s going to play to our advantage. We’re doing all the right things to try to find performance in the car.”

Barrett, Conway and Doornbos are all newcomers to the IndyCar Series paddock but bring their own sets of impressive credentials.

Barrett has the most experience racing on ovals among the rookies. The 36-year-old has made more than 190 stock car starts in the NASCAR Nationwide and Sprint Cup series.

“I don’t think we’ve set any real expectations of saying we have to do this or that,” said Barrett, who will drive the No. 98 CURB/Agajanian/Team 3G entry. “I think the best thing we can do is do our best and set out to be smart about what we’re doing, get laps and learn and try and be competitive as we can. I think we can do that. It’s a little bit difficult to be in that situation as a rookie, but I just want to do a job and be competitive, and wherever that puts us, use this year as learning and building for our sponsors and finding new sponsors so we can be around.”

Conway will drive the No. 24 Dreyer & Reinbold Racing entry in his first season in the United States. The 25-year-old spent the past two seasons in GP2 following a championship campaign in British Formula 3 International.

“We just want to learn as much as we can, experience and finish as many races as we can,” Conway said. “Obviously we want to finish on all the ovals. On the road courses, we should be a lot stronger at least initially. We’re aiming to finish at least top five on the road courses, but it will be tough based on the competition out there.”

Doornbos returns to the United States following a 2007 campaign in the Champ Car World Series that saw him record five podium finishes in his first six starts en route to third overall in the championship. In 2009 he joins Newman/Haas/Lanigan Racing, an operation that recorded two victories in its first full season in the IndyCar Series in 2008.

“When I made the move from Formula One to Champ Car in 2007, I had no knowledge of circuits, tires, drivers, engine, whatever of that series, and I had five podiums out of the first six races, so that was a motivation boost,” Doornbos said. “I think my attitude is the same for the IndyCar Series. The team contacted me because they know what I can do, and I’m here to do the best job I can. Of course I have respect for the ovals, there’s still a steep learning curve, but nothing to be worried about. The team is very strong, great results. I feel at home already.”

Source : http://www.theautochannel.com (3/12/2009)


Continental Introduces Its First Turbocharger for Gasoline Engines  
AUBURN HILLS, Mich.: Continental, the international automotive supplier, is expanding its product portfolio: after just three years of development work, the Powertrain Division's first turbocharger system for internal combustion engines has reached market maturity. The new turbocharger, designed to allow fully-automated assembly and consequently offering production quality and cost advantages, will be installed in a European vehicle platform's gasoline engines. According to Axel-Joachim Maschka, head of the Powertrain Division's Engine Systems Business Unit, "turbocharging gasoline engines is becoming ever more important since it is the only way to downsize engines, which is essential if we are to reduce fuel consumption."

The turbocharger growth market: smaller, supercharged engines reduce CO2

In addition to employing light-weight design, hybrid drives and optimized injection systems, automotive industry development engineers are relying on developing smaller internal combustion engines in order to achieve their ambitious targets of significant reductions in vehicle fuel consumption, and thus of carbon dioxide (CO2) emissions, in the next few years. Whereas diesel engines have been turbocharged for years, most gasoline engines have so far operated on the induction principle, i.e. the air required to combust the fuel in the cylinders is ducted into the engine from outside. In a turbocharger, a compressor forces the air at high pressure into the combustion chambers. The compressor is driven by a turbine which is turned by the engine's exhaust gas energy. In contrast to the traditional mechanical compressor, the turbocharger makes use of the engine's exhaust gas energy. In this way, significantly greater power can be achieved from engines of considerably smaller cubic capacity and, at the same time, consumption can be reduced. Furthermore, the engine benefits from greater torque or, in other words, more tractive power which drivers regard as a decisive criterion for the vehicle's performance. "This quality leap is comparable with that from the sluggish naturally aspirated diesel engine to the supercharged direct injection diesel engines," comments Udo Schwerdel, who is responsible for the development. "The combination of small cubic capacity, direct injection and optimized valve timing allows the engine to operate within ranges which are thermodynamically highly efficient." Drivers will experience these advantages in the form of favorable fuel consumption figures, approaching those of today's diesel engines.

Fully-automated assembly delivers quality and cost advantages

The turbocharger was developed in the record time of just three years at Continental's two sites in Grunstadt/Rheinland-Pfalz and Regensburg/Bayern. The 38 millimeter diameter turbine turns at some 240,000 revolutions per minute, i.e. 4,000 revolutions per second, in the exhaust flow which can reach 1050 degrees. In order to prevent excessive charge pressure at high engine power, the turbocharger is fitted with a wastegate. This valve, also known as a bypass, ducts the exhaust gases past the turbine if the engine power would otherwise drive the turbine beyond its design limits and cause the turbocharger to operate at excessive speed and the charge pressure to rise too greatly. An overrun air recirculation valve on the compressor side prevents compressed air forcing its way back into the turbocharger's compressor housing and slowing the compressor turbine wheel whenever the exhaust manifold flap is closed, something which could lead to the turbocharger being damaged over time. Continental has used an innovative production method for its turbocharger. All the main components have been designed for fully-automated assembly along a single axis, whereas conventional turbochargers have to be put together in several stages, partly by hand. Fully-automated assembly delivers quality benefits through lower defect rates; it also produces cost benefits and both are important in view of the fact that these turbochargers are to be installed in high-volume model series. In addition, the design concept allows for generously proportioned cooling ducts in the bearing housing which is highly advantageous, especially for small turbochargers for gasoline engine applications at exhaust-gas temperatures of over 1,000 degrees Celsius. Other features of the turbocharger are its sturdy design, reliability and outstanding thermodynamic properties. Thanks to its modular design, the turbocharger is very largely scalable and can be easily adapted for installation in other engine sizes.

It was strategic and technical considerations that caused Continental to start with development of this small turbocharger first. Early market analysis led to the conclusion that almost all engine manufacturers were focusing on developing small supercharged gasoline engines and that there were excellent opportunities for growth in this segment in the next few years.

Series production in Trutnov

Series production of Continental's turbocharger will start 2010/2011 at the Trutnov plant in the Czech Republic. Production is scheduled to increase rapidly and reach two million components by 2014. The plant, which presently has a workforce of approximately 400, mainly manufactures high pressure fuel pumps.

With sales exceeding euro 24 billion in 2008, the Continental Corporation is one of the top automotive suppliers worldwide. As a supplier of brake systems, systems and components for the powertrain and chassis, instrumentation, infotainment solutions, vehicle electronics, tires and technical elastomers, the corporation contributes towards enhanced driving safety and protection of the global climate. Continental is also a competent partner in networked automobile communication. The corporation employs nearly 140,000 at approximately 190 locations in 35 countries.

The Powertrain Division integrates innovative and efficient system solutions for vehicle powertrains within the automotive supplier Continental AG. These systems increase performance and driving comfort while at the same time lowering consumption and emissions. As a partner of the automotive industry, the division develops and produces a comprehensive range of products at more than 60 sites around the world. These include gasoline and diesel injection systems, engine management, transmission control and fuel supply systems as well as components and systems for hybrid drives. The division generated revenue in excess of euro 4 billion in 2008 and currently has around 25,000 employees.

Source : http://www.theautochannel.com (3/12/2009)


GM Says Swedish Investors Looking at Saab  
STOCKHOLM, Reuters reported that General Motors' Swedish unit Saab Automobile said on Thursday a group of Sweden-based investors had shown interest in the company.

"I cannot disclose who they are. But I can confirm that there is a group of investors in Sweden which has shown interest," Saab spokesman Eric Geers told Reuters.

Geers said the loss-making carmaker, whose U.S. parent has said it will sever ties to the brand, was being courted by six to eight "very large" companies in total.

Earlier on Thursday Saab said it had given 750 employees at its Trollhattan plant notice of redundancy.

Source : http://www.theautochannel.com (3/12/2009)


Subaru to Showcase Range at the Ordnance Show  
COLESHILL, UNITED KINGDOM –: Subaru (UK) Ltd will once again showcase their innovative range of All-Wheel Drive outdoor lifestyle vehicles at The Ordnance Survey Outdoor Show (27-29 March) at the NEC, Birmingham, where they will be showcasing their official sponsorship of the gruelling, three-day, 600 km ‘London-Paris Cycle Tour 2009’.

Their involvement in this show clearly highlights how the practical, adventurous Subaru brand appeals perfectly to those who spend their leisure time off the beaten track, in a way few manufacturers are capable of.

Whether it’s transporting mountain bikes, scuba diving equipment or surfboards, Subaru’s All-Wheel Drive Forester, Legacy Outback and Impreza models provide the perfect practical solution to the needs of those with active outdoor lives.

John Fossey, Subaru (UK) Limited Brand Director, said: “Attendees at the Outdoor Show are exactly the people who understand the appeal of Subaru and will be using their cars to enable them to take part in their choice of sport. Whether it be on a mountain road or a beach, Subaru enables active people to focus on their leisure time, not concerning themselves as to whether their vehicle can make it home at the end of the day.”

Source : http://www.theautochannel.com (3/12/2009)


Toyota Develops World First Rear-Seat Centre Airbag  
EPSOM, UNITED KINGDOM –: Toyota has developed a world first rear-seat centre airbag to help reduce the severity of passenger injuries in side-on collisions.

The new Supplemental Restraint System (SRS) airbag is fitted in a large, fixed, rear-seat centre console and will feature in particular Toyota models to be released in the near future.

When the vehicle is hit side-on, the airbag deploys from the top of the console to act as a barrier that helps lessen injuries caused by passengers colliding with each other or into the console.

Toyota continues to develop and make available its safety technologies to enable its vehicles to better respond to a wider range of accidents.

Toyota intends to further strengthen its traffic safety initiatives in the future by developing safer vehicles and technologies, participating in the creation of safe traffic environments and implementing traffic safety education activities.

Source : http://www.theautochannel.com (3/12/2009)


European Customer Demand for New Ford Fiesta Stays High, Boosting February Market Share  
COLOGNE, Germany : The new Ford Fiesta remained Ford of Europe's best-selling car in February as demand pushed the company's market share for the 19 main markets up nearly a full percentage point to 8.5 percent versus the same month last year.

Ford of Europe sold 91,100 vehicles in its Euro 19 markets in February, including 27,900 new Fiestas, making it the best-selling Ford car again this month, and the second-best selling car in the industry. Already this year, 56,200 new Fiestas have been delivered to European customers. Since the European market launch started in August 2008, sales of new Fiesta have totaled nearly 117,000.

"We're excited, but not surprised, to see the new Fiesta doing so well in the market place given the current economic conditions," said Ingvar Sviggum, vice-president marketing, sales and service, Ford of Europe.

The new Fiesta, the first in a series of fuel efficient new small cars developed through Ford's global product development process, is also on sale in China, Australia, New Zealand and South Africa. It will be launched in North America and other Asia Pacific markets early next year.

Germany sales rise in challenging European market

While overall industry Euro 19 sales declined by 20.1 percent, Ford sales in February were down by 14.2 percent compared to the same month in 2008. Top selling Ford models in the 19 main European markets were the new Fiesta (27,900), the Focus (20,800), and Transit (7,100).

"There are a number of bright spots for us this month, particularly Germany where Ford sales are up by 21,000 vehicles, or 43.7 percent, versus last February, thanks in no small part to the scrappage scheme which is proving extremely popular and generating a lot of additional showroom traffic," Sviggum said. "However the underlying trend we face is still one of an overall sales decline across the industry as a whole. We will continue to do all that it takes to stay competitive and protect the flow of our exciting new products."

Ford's 8.5 percent market share for February represents an increase of 0.8 percentage points from the year-ago month. Ford's share rose in 15 out of the main 19 markets across Europe. Only Ireland, Norway, Portugal and Spain were down in February.

In Britain, where market share rose by 1.1 percent to 17.6 percent, the Fiesta was the best-selling car for the fourth consecutive month, and in Italy, Ford was the leading import brand and the Fiesta was the best-selling imported car. In France, the Fiesta, C-MAX and S-MAX were the best-selling imported vehicles in their segments.

Across all its 51 European markets, Ford sold 107,800 vehicles in February 2009, down 18.5 percent or 24,400, when compared to the same month last year.

Ford of Europe's sales in the first two months of 2009

In the first two months of the year, Ford of Germany sold 36,500 vehicles, up by 29.5 percent year-over-year, making it the largest sales market in Europe for Ford so far in 2009. Market share there was at 7.6 percent, up by 1.9 percentage points when compared to the same period last year. German industry year-to-date was up 0.4 percentage points on 2009.

In contrast to Germany, the industry in the U.K. was down by 32.2 percent. Ford of Britain sold 35,500 vehicles, 25.9 percent. However, Ford's market share in Britain continues to rise and for the first two months of the year increased by 1.2 percentage points to 18.5 percent.

Year-to-date market share in France increased by 0.5 percentage points to 5.7 percent, with sales at 21,500, a reduction of 2,600 from the same period in 2008.

In Spain, Ford remained passenger car leader in the first two months of 2009 with sales of 12,500, a decline of 15,000 units, and a market share of 8.9 percent. The Spanish market remains one of the most depressed in Europe, with sales falling more than 50 percent versus last year.

Ford Italy sold 34,600 vehicles over this period, down 8,200 units, and market share rose by 1.2 percentage points to 9.6 percent. Fiesta rose from third to second place in the list of best-selling vehicles in Italy.

In Russia, Ford sold 17,800 vehicles, a decline of 5,800. However, Ford's market share in the first months of the year to rise by 1.6 percentage points to 7.3 percent.

Source : http://www.theautochannel.com (3/12/2009)


Subaru of America, Inc. Names New Chairman  
CHERRY HILL : Subaru of America, Inc. today announced that after a successful tenure, Mr. Tomohiko Ikeda, chairman, president and chief executive officer will return to parent company, Fuji Heavy Industries on April 16. As a promotion, Mr. Ikeda will assume the position of corporate senior vice president. He will be replaced by Mr. Yoshio Hasanuma, who is presently corporate senior vice-president, Subaru Global Marketing division. The move is effective April 16, 2009.

Mr. Ikeda joined Subaru of America in April 2007 and oversaw the launch of the Impreza and Forester models. Both models, along with Legacy sedan achieved sales records in 2008, and the year saw the Subaru brand as the only volume brand in the United States to post a sales increase. By December 2008 the company had also seen its market share grow to 1.9%, a 25 year record.

Mr. Hasunuma has been with FHI for more than 30 years and before his current role he served as corporate vice president for Subaru of Japan sales and marketing. Prior to this role, Mr. Hasunuma worked in various roles including sales planning and domestic sales. He is a graduate of Waseda University, Japan.

Tom Doll, executive vice president for Subaru of America, Inc. said, "Although we are sad to see Mr. Ikeda leave, we congratulate him on his promotion and thank him for his leadership over the past two years. We also welcome Mr. Hasunuma who will bring his knowledge of sales and marketing to us. We have an exciting year ahead of us and our sales success in 2008 and to date in 2009, has laid a strong foundation for the Company."

Source : http://www.theautochannel.com (3/12/2009)


Rural Areas To Have 70% Of China Auto Market  
Shanghai Geely Auto chairman Li Shufu said this week that China's rural market has huge potential for auto sales and the rural areas will account for up to 70% of the Chinese auto market, China Youth Daily reported today.

In its auto sector stimulus plan released earlier this year, the Chinese government has urged auto companies to deliver more of their products to the countryside and will earmark five billion yuan ($732 million) to subsidize farmers buying minivans and sub-1.3-liter minibuses until the end of 2009. This move is expected to help boost China's auto market demand.

Geely Auto, as one of China's largest private automakers, is tapping into the rural market for sales growth. Li said that while Geely vehicles still see their market demand growing in cities, the company has seen bigger potential in the countryside and is expanding its rural sales and service network. Its mobile 4S centers can reach out to remote rural communities.

In the first two months this year, Geely's largest dealership in Bazhou city of north China's hebei province sold 157 units of the Geely Freedom Cruiser model and Geely Vision model. Li said over 70% of the 157 Geely vehicles were bought by farmers. Geely has decided to subsidize rural buyers of its vehicles before the government's subsidy trickles down.

China's rural areas, with about 60% of the country's 13-billion population, have entered a new stage of rapid development and the rural consumer bases are expanding exponentially. China will easily become the world's largest auto market if its vast rural market is fully explored, Li said.

Source : http://www.theautochannel.com (3/12/2009)


Ford Builds on Electric Power Steering Technology to Enhance Drive Quality, Enable More Features  
DEARBORN, Mich.: Ford Motor Company is taking full advantage of the fuel economy, performance and reliability benefits associated with Electric Power Steering (EPS) on a variety of Ford, Lincoln and Mercury products, but the company isn't stopping there.

Customers already behind the wheel of the Ford Escape and Mercury Mariner, one of Ford's first products to sport EPS, also are enjoying other clever -- yet subtle -- steering characteristics that enhance drive quality.

One such EPS-enabled feature, pull-drift compensation, is a software-based technology that helps drivers offset vehicle pulling or drifting that can occur in steady crosswinds or on uneven roads.

"Pull and drift are major customer annoyances that have been difficult to completely eliminate because of multiple factors that contribute to this phenomenon," said Ali Jammoul, Ford's chief engineer for Chassis Engineering and Steering Systems. "Ford's innovative pull-drift technology compensates to provide driving comfort straight down the road, even in steady crosswinds and on banked and uneven roads."

Customer complaints about a "constant pull or drift to one side" or "steering that requires extra uneven effort" historically have been a source of customer dissatisfaction in steering, ride and handling in quality studies. Ford's EPS with drift-pull compensation is projected to improve customer satisfaction in these areas by up to 50 percent.

The 2008 Escape, one of the first vehicles to showcase EPS with pull-drift technology in North America, substantiated this projected improvement, cutting the number of customer complaints associated with steering in half.

How It Works

EPS is a sophisticated system that uses sensors to constantly measure the wheel torque applied by the driver to maintain the vehicle's path; continually resetting to adapt to changing road conditions or the vehicle turning a corner.

Ford's pull-drift software technology gives the EPS system the added ability to compensate for slight steering torque changes caused by environmental factors such as road crowning or steady crosswinds.

"If you're on the expressway and the road is crowned to the left or right for better water drainage, for example, you may need to make a slight steering compensation for that crowning," said Brian Kosztowny, a Ford product development engineer in Vehicle Dynamics. "With pull-drift compensation, the EPS system gradually will dial in torque for easier steering in these conditions without the driver feeling it in his or her fingers or needing to make an extra effort. The electric motor does more, so you don't have to."

The end result is a more effortless driving dynamics for the customer when such environmental factors are in play.

Ford's application of this technology only corrects for road and environmental conditions within reason, adding slight torque up to a proprietary set limit so inherent steering issues are not masked. In addition, Ford has fine-tuned the software-based technology so it can be adapted to fit driving characteristics of individual products, whether it's a luxury sedan or a sporty compact SUV.

EPS Delivers More

Ford's early adoption of the pull-drift software technology demonstrates how EPS combined with invisible software algorithms can deliver tangible results in terms of improving drive quality and the ownership experience for customers.

Ford continues to dig deep, taking full advantage of the big-ticket -- as well as the more understated -- benefits of EPS, offering them on entry-level as well as high-end products.

Ford's Active Park Assist -- which debuts on several 2010 Ford, Lincoln and Mercury vehicles -- is, in fact, enabled by EPS. This sophisticated technology uses EPS and an ultrasonic-based sensing system to position a vehicle for parallel parking, calculating the optimal vehicle angle and carefully steering the vehicle into a parking spot.

EPS also can be programmed to communicate with a vehicle's camera, opening the door for Ford to introduce lane-assist and accident avoidance systems such as lane departure warning systems.

"EPS gives us more warning options for these advanced systems," adds Darrel Recker, Ford's EPS supervisor. "With EPS, we can consider more tactile versus visual warning mechanisms, such as a vibration in the steering wheel, and we don't have to add a lot of components or additional hardware to make it happen."

EPS has the potential to add steering features for comfort and personalization. Ford currently is examining how to calibrate the system so that customers can select their desired steering effort. Drivers that prefer a sportier ride, for instance, would choose a higher steering effort than someone who prefers a more luxury-car feel.

Steering the Way

EPS continues to gain momentum in North America, with Ford acting as a major player in adapting this efficient technology across nearly 90 percent of its lineup by 2012. For 2010, the all-new Ford Fusion, Mercury Milan, Ford Taurus SHO and Lincoln MKT include EPS.

Ford's aggressive migration of EPS represents up to a 5-percent gain in fuel economy for each product application and CO2 emissions savings of approximately 3.5 percent because the system operates on demand. EPS also equates to less maintenance for customers since it is completely free of the complicated mix of hydraulic pumps, hoses, power steering fluids and drive belts that can require regular service and repair.

"As we use advanced technology such as electric power steering to improve fuel efficiency across our vehicle lineup, we have the opportunity to introduce new innovations such as pull-drift compensation and Active Park Assist," said Ford's Jammoul. "We are applying these technologies not for the sake of technology, but because they meet the needs and wants of our customers."

Source : http://www.theautochannel.com (3/12/2009)


Daimler Starts Young Classics Pilot Project  
STUTTGART, GERMANY –: With “Mercedes-Benz Young Classics,” Daimler AG is setting its sights on a new, promising business segment: the growing community of enthusiasts for classic cars of more recent vintage. These are passenger cars in production during the period from 1970 to around 1990. More and more of these Mercedes-Benz models have reached cult status, particularly in Europe and the United States. The demand for originality and the limited supply of well-preserved vehicles have driven the prices of vintage vehicles upward, which also applies to young classics. This means that driving pleasure can be accompanied by above-average financial returns. With “Mercedes-Benz Young Classics,” Daimler is closing the gap between new vehicle sales and the highly specialized classic car business of the Mercedes-Benz Classic Center in Germany and the USA.

Daimler has opened the first “Mercedes-Benz Young Classics Store” as a pilot project in the Mercedes-Benz Museum in Stuttgart. Here, customers are able to purchase, rent, insure, and even finance the young classics on offer. The store offers a variety of cars dating from the 1970s onwards, all in first-class condition. Interested parties can also view the range of available young classics online at mercedes-benz.com/young-classics.

Daimler also hopes to open up interesting new growth potential in Europe and the United States by expanding the spare parts business for the classic cars made by Mercedes-Benz. In doing so, Daimler is meeting the demand of classic car enthusiasts for original spare parts, while also expanding the current product range.

Young classics are vehicles between 15 and 30 years old. According to Germany’s Federal Office for Motor Vehicles, the market in Germany for young classics comprises approximately 6.6 million automobiles, 1 million of which are Mercedes-Benz cars, representing a market share of 15.6 percent. Surveys by FIVA and Dekra show that around 60 percent of all owners of Mercedes-Benz young classics are between 21 and 50 years of age. Only 20 percent of them use those cars as their main vehicle.

Mercedes-Benz Young Classics is supported by the Business Innovation unit. The aim of the Business Innovation Team is to explore growth opportunities along the entire value chain. The focus is on unexploited potential within the company, as well as new business ideas relating to the current core business. Mercedes-Benz Young Classics demonstrates the breadth of the opportunities that exist for translating inherent strengths into additional, profitable growth. Mercedes-Benz Young Classics will be presenting its product line at the Techno-Classica trade fair in Essen (April 1-5, 2009), the world's largest fair for classic cars.

Source : http://www.theautochannel.com (3/12/2009)


Kelley Blue Book Announces Winners of 2009 Brand Image Awards  
IRVINE, Calif. Kelley Blue Book, today announces the winners of the 2009 Brand Image Awards. The Kelley Blue Book Brand Image Awards recognize automakers' outstanding achievements in creating and maintaining brand attributes that capture the attention and enthusiasm of the new-vehicle buying public.

The 2009 Brand Image Awards, presented to the top brands in 10 categories, are based on consumer automotive perception data from Kelley Blue Book Market Research's Brand Watch study. Brand Watch is an online brand perception tracking study tapping into 12,000+ in-market new-vehicle shoppers annually on Kelley Blue Book's kbb.com. The highly comprehensive Brand Watch report provides a detailed look at in-market new-vehicle shoppers' perceptions of brands, and important factors driving their purchase decisions while they are in the midst of the shopping process. The results of an entire year of Brand Watch research and consumer opinions determine the 2009 Kelley Blue Book Brand Image Award winners.

"The phrase 'perception is reality' can ring truer than many think when it comes to the opinions of new-car shoppers," said Rick Wainschel, senior vice president of marketing and analytics for Kelley Blue Book and kbb.com. "The winners of the annual Kelley Blue Book Brand Image Awards showcase the strengths of various automotive brands in the minds of consumers, providing great insight for all auto manufacturers, marketers and agencies on what is clearly resonating with the car-buying public today."

KELLEY BLUE BOOK'S 2009 BRAND IMAGE AWARD WINNERS
Best Value Brand:Toyota
Coolest Brand:BMW
Most Family-Friendly Brand:Toyota
Most Rugged Truck Brand:Ford
Best Performance Brand:BMW
Best Comfort Brand:Cadillac
Best Exterior Design Brand - Luxury:BMW
Best Exterior Design Brand - Non-Luxury:Nissan
Best Interior Design Brand:Cadillac
Best Prestige Brand:Mercedes-Benz "The winners of this year's Brand Image Awards exemplify automotive brands that are on the right track, making a great impression with consumers not just on a specific model level, but across the entire brand lineup," said Jack R. Nerad, executive editorial director and executive market analyst for Kelley Blue Book and kbb.com. "For 2009, brands that won in multiple award categories, such as BMW, Cadillac and Toyota, are the leaders in strong, positive consumer perception." Kbb.com Editorial Comments About 2009 Brand Image Award Winners Best Value Brand: Toyota Offering sensible sticker prices, renowned reliability and strong resale performance, Toyota has all three facets of automotive value -- buying, owning and selling -- covered. Smart shopping never goes out of style, and Toyota has built a reputation for building some of the smartest buys on the road. Coolest Brand: BMW What's cool to the kids is often irrelevant to their elders. And what's cool to those elders is usually treated as toxic by the kids. Not BMW, though. The German automaker's sporty, stylish and snootier-than-average cars and crossovers are as cool and desirable to not-yet-licensed tweens as they are to young-at-heart retirees. Most Family Friendly Brand: Toyota Brands perceived as family-friendly are usually strong scorers in the value department, too. So it's not surprising to see this year's Best Value Brand also take home a win in the family-vehicle category. Toyota also performs well in safety and offers more three-row vehicles (six of them) than any other brand. Most Rugged Truck Brand: Ford The Ford F-150 has been the best-selling vehicle in the country for 27 years in a row. In a vehicle segment where "best" often equates to "toughest," it would be difficult if not impossible to maintain that kind of track record without building the most rugged truck around. Best Performance Brand: BMW Fill in the blanks: The Ultimate ______ ______. A key reason that BMW's long-running tagline is so recognizable and effective (as evidenced to some degree by this award), is that its cars consistently deliver on the promise. From the company's high-performance M vehicles to its three-row crossover, every single vehicle wearing a BMW badge is among the quickest, most agile vehicles in its category. Best Comfort Brand: Cadillac Cadillac's lineup is more athletic than ever, but the brand has been linked with plush ride and whisper quiet so closely and for so long that people continue to equate it first and foremost with comfort. Today, Cadillac vehicles no longer deliver comfort via button-tufted velour or wallowing ride, but by more modern means like effortless power and quiet, high-quality interiors that are rich and contemporary. Best Interior Design Brand: Cadillac If there's an underdog winner in this year's Brand Image Awards, this is it. Only a few years ago, the quality and styling inside a Cadillac fell far short of what you'd find in competitors like Audi and Mercedes-Benz. With the introduction of the second-generation CTS sedan, though, Cadillac jumped right back into the game it dominated a few decades ago. Best Exterior Design Brand - Luxury: BMW Describing BMW's exterior styling as polarizing is like describing the early 2009 economy as difficult. But as great designs will do, the so-called "flame surfacing" found across the lineup continues to gain more and more acceptance and admiration (and win more awards). Parking next to a BMW, fans of the brand's styling will contend, is a sure way to make most any competitor look boring. Best Exterior Design Brand - Non-Luxury: Nissan From the iconic Z sports car to the standout Murano crossover and even the Quest minivan, Nissan designs and builds some of the most recognizable vehicles on the road. And underneath all that boldly styled sheetmetal are vehicles that consistently demonstrate above-average athleticism, which only serves to deepen their attractiveness. Best Prestige Brand: Mercedes-Benz Many automotive brands have gone to great lengths to polish their images and convey prestige, but it is still impossible to find an automotive brand regarded as more prestigious than Mercedes-Benz. While the fabled brand offers performance, technology, safety or style, more than that, the three-pointed star symbolizes opulence, affluence and luxury. For more information about the 2009 Kelley Blue Book Brand Image Awards, please visit www.kbb.com/2009brandimageawards. About Kelley Blue Book (www.kbb.com) Since 1926, Kelley Blue Book, The Trusted Resource(R), has provided vehicle buyers and sellers with the new and used vehicle information they need to accomplish their goals with confidence. The company's top-rated Web site, www.kbb.com, provides the most up-to-date pricing and values, including the New Car Blue Book(R) Value, which reveals what people actually are paying for new cars. The company also reports vehicle pricing and values via products and services, including software products and the famous Blue Book(R) Official Guide. According to the C.A. Walker Research Solutions, Inc. - 2008 Spring Automotive Web Site Usefulness Study, kbb.com is the most useful automotive information Web site among new and used vehicle shoppers, and half of online vehicle shoppers visit kbb.com. Kbb.com is a leading provider of new car prices, car reviews and news, used car blue book values, auto classifieds and car dealer locations. No other medium reaches more in-market vehicle shoppers than kbb.com.
Source : http://www.theautochannel.com (3/12/2009)


Porsche reveals Panamera prices  
Porsche has confirmed UK prices for its forthcoming four seat Panamera gran turismo.

The four door performance car starts at £72,266 for the entry-level Panamera S.

Expect to pay £77,269 for the Panamera 4S and £95,298 for the top of the range Panamera Turbo.

It will be available with V8 power units, the choice of rear or four-wheel drive, and an interior design with a luxurious and high technology ambience.

The rear-wheel drive Porsche Panamera S is offered with a six-speed manual gearbox.

The seven-speed Porsche Doppelkupplungsgetriebe (PDK) double-clutch transmission is available as an option for £2,289.

The Panamera 4S and Turbo are four-wheel drive and feature the PDK gearbox as standard.

Every model offers a full leather interior, Porsche Active Suspension Management (PASM), Bi-Xenon headlights, rear ParkAssist, tyre pressure monitoring, and automatic dimming rear view mirrors.

Models also come with Porsche Communication Management with touch-screen satellite navigation and audio controls, as well as a Bluetooth telephone module - complete with cordless handset for use by rear seat passengers.

Porsche has chosen the Shanghai Auto Show to premiere the new Panamera, which goes on sale her on 12th September 2009.

Source : http://www.newcarnet.co.uk (3/12/2009)


A problem with scratches?  
Meguiar's has released a new product for the removal of scratches, fingernail marks, paint transfer, car park scuffs and other minor defects from bodywork.

ScratchX 2.0 removes isolated paint problems, unlike some other products, which either hide the blemish or scour the paint finish.

Meguiar's says its super micro-abrasive technology removes defects faster and more effectively from all types of paint including the very latest clear-coat finishes.

The scratch removal leaves a slick high gloss finish, which should then be followed up with a protective coat of a good quality wax.

A new bottle, with flip top cap design means that the product is easier to store and creates less mess than traditional screw caps.

Meguiar's ScratchX 2.0, along with the complete range of products, is available from all good independent accessory shops.

Source : http://www.newcarnet.co.uk (3/12/2009)


Solera Holdings, Inc. Announces Dudley W. Mendenhall to Become Chief Financial...  
SAN DIEGO -- Solera Holdings, Inc. , the leading global provider of software and services to the automobile insurance claims processing industry, today announced that it has hired Dudley W. Mendenhall to become its Chief Financial Officer, effective on or about March 30, 2009. Since August 2007, Mr. Mendenhall has been the Chief Financial Officer of Websense, Inc. , a global leader in integrated Web, data and email security solutions located in San Diego, California. Prior to his role at Websense, Inc., Mr. Mendenhall was Senior Vice President and Chief Financial Officer of K2, Inc., a publicly-traded, international sporting equipment manufacturer that was acquired by Jarden Corporation in August 2007. Mr. Mendenhall's prior experience includes serving as Managing Director of the Corporate Finance Group at Ernst & Young Corporate Finance LLC and Managing Director & Group Head of the Entertainment & Media Group at Banc of America Securities.

Tony Aquila, Solera's President and Chief Executive Officer, said Mr. Mendenhall's background will be an asset in contributing to Solera's continued success in improving margins through higher efficiencies and waste-reduction efforts. "Dudley's 25 plus years of operations finance experience with large domestic and international companies across a number of different industries will be a big plus for us as we move into the next strategic phase of our evolution. Dudley's financial, operational, investor relations and corporate finance experience will be invaluable," Mr. Aquila said. "We are thrilled to have him on our executive team."

"I'm excited to join a company with this much potential for growth," Mr. Mendenhall said. "I look forward to contributing to the continued success of Solera."

Jack Pearlstein, Solera's current Chief Financial Officer, will step down from his role upon Mr. Mendenhall's appointment, but will remain with Solera in a consulting role to assist with the transition through the completion of Solera's current fiscal year, and on an as needed basis thereafter. "On behalf of Solera, I would like to thank Jack for his critical contributions to our team in getting us to this successful stage," said Mr. Aquila. "We wish him well in his retirement."

Source : http://www.automotive.com (3/12/2009)


GMAC Financial Services Declares Final Monthly Distribution Date for Superior...  
DETROIT -- GMAC Financial Services today announced that the final monthly distribution date for Superior Wholesale Inventory Financing Trust VIII (SWIFT VIII) will occur on March 16, 2009. This will result in a termination of all of the outstanding SWIFT VIII Floating Rate Asset-Backed Term Notes, Series 2004-A (Series 2004-A Notes), and SWIFT VIII Floating Rate Asset-Backed Certificates, Class A (Class A Certificates).

The remaining principal balance of the Series 2004-A Notes will be paid on March 16, 2009, plus accrued interest from Feb. 17, 2009. A total of $500 million of Series 2004-A Notes were sold to the public in March 2004.

The Series 2004-A Notes may be presented and surrendered for payment to The Bank of New York Mellon Trust Company, N.A., Global Corporate Trust Services, P.O. Box 2320, Dallas, Texas 75221-2320. Interest on the Series 2004-A Notes will cease to accrue on and after March 16, 2009.

The principal balance of the Class A Certificates will be paid at $1,000 per $1,000 face amount, plus accrued interest from Feb. 17, 2009. A total of $132 million of Class A Certificates were issued in October 2003.

The Class A Certificates may be presented and surrendered for payment to HSBC Bank USA, National Association, 2 Hanson Place - 14th Floor, Brooklyn, New York 11217, Attention: Paulette Shaw. Interest on the certificates will cease to accrue on and after March 16, 2009.

Source : http://www.automotive.com (3/12/2009)


Impact Networking Demo Sweepstakes Winner Cheers Chicago Blackhawks Wednesday...  
WAUKEGAN, Ill -- For Christopher Valadez of Chicago, cheering on the Chicago Blackhawks Wednesday night was fun. Learning at the pre-game drawing held at the United Center (delivered via live Webcast to Impact Networking showrooms throughout the region) that he had won a 2008 Porsche Boxster for participating in the Impact Networking Demo Sweepstakes was surreal.

"I'm still in shock," exclaimed Valadez, a medical practice research coordinator for breast care specialist, Dr. Kambiz Dowlat. Valadez is exploring more efficient document strategy systems for their practice in conjunction with new emergency medical record technologies and protocols. "I can't believe I actually won a Porsche," he added. "It makes you realize that anything can happen."

Amid the nationwide business woes of a depressed economy, Waukegan-headquartered Impact Networking, a privately-held business solutions technology company, has swept the ice in recent months regarding accolades for business success: 2008 Dealer of the Year by ImageSource Magazine; one of Crain's Fast Fifty (fastest-growing public and private companies in the Chicago area); #41 on CRN's 2008 Fast Growth 100 companies; and #6 on Crain's 2009 Best Places to Work.

At Wednesday night's Chicago Blackhawks' game, Impact Networking, a corporate sponsor of the Blackhawks, added to its amazing run by hosting a sweepstakes for qualifying participants from its document strategy demonstrations over the past nine months.



"We're thrilled with the response and excitement surrounding our largest customer sweepstakes," said Frank Cucco, Impact Networking's Chief Executive Officer. "We were able to generate new business from the promotion as well, so that pays for the car."

Source : http://www.automotive.com (3/12/2009)


Ford Builds on Electric Power Steering Technology to Enhance Drive Quality, Enable...  
DEARBORN, Mich., -- Ford Motor Company is taking full advantage of the fuel economy, performance and reliability benefits associated with Electric Power Steering (EPS) on a variety of Ford, Lincoln and Mercury products, but the company isn't stopping there.

Customers already behind the wheel of the Ford Escape and Mercury Mariner, one of Ford's first products to sport EPS, also are enjoying other clever -- yet subtle -- steering characteristics that enhance drive quality.

One such EPS-enabled feature, pull-drift compensation, is a software-based technology that helps drivers offset vehicle pulling or drifting that can occur in steady crosswinds or on uneven roads.

"Pull and drift are major customer annoyances that have been difficult to completely eliminate because of multiple factors that contribute to this phenomenon," said Ali Jammoul, Ford's chief engineer for Chassis Engineering and Steering Systems. "Ford's innovative pull-drift technology compensates to provide driving comfort straight down the road, even in steady crosswinds and on banked and uneven roads."

Customer complaints about a "constant pull or drift to one side" or "steering that requires extra uneven effort" historically have been a source of customer dissatisfaction in steering, ride and handling in quality studies. Ford's EPS with drift-pull compensation is projected to improve customer satisfaction in these areas by up to 50 percent.

The 2008 Escape, one of the first vehicles to showcase EPS with pull-drift technology in North America, substantiated this projected improvement, cutting the number of customer complaints associated with steering in half.

How It Works

EPS is a sophisticated system that uses sensors to constantly measure the wheel torque applied by the driver to maintain the vehicle's path; continually resetting to adapt to changing road conditions or the vehicle turning a corner.

Ford's pull-drift software technology gives the EPS system the added ability to compensate for slight steering torque changes caused by environmental factors such as road crowning or steady crosswinds.

"If you're on the expressway and the road is crowned to the left or right for better water drainage, for example, you may need to make a slight steering compensation for that crowning," said Brian Kosztowny, a Ford product development engineer in Vehicle Dynamics. "With pull-drift compensation, the EPS system gradually will dial in torque for easier steering in these conditions without the driver feeling it in his or her fingers or needing to make an extra effort. The electric motor does more, so you don't have to."

The end result is a more effortless driving dynamics for the customer when such environmental factors are in play.

Ford's application of this technology only corrects for road and environmental conditions within reason, adding slight torque up to a proprietary set limit so inherent steering issues are not masked. In addition, Ford has fine-tuned the software-based technology so it can be adapted to fit driving characteristics of individual products, whether it's a luxury sedan or a sporty compact SUV.

EPS Delivers More

Ford's early adoption of the pull-drift software technology demonstrates how EPS combined with invisible software algorithms can deliver tangible results in terms of improving drive quality and the ownership experience for customers.

Ford continues to dig deep, taking full advantage of the big-ticket -- as well as the more understated -- benefits of EPS, offering them on entry-level as well as high-end products.

Ford's Active Park Assist -- which debuts on several 2010 Ford, Lincoln and Mercury vehicles -- is, in fact, enabled by EPS. This sophisticated technology uses EPS and an ultrasonic-based sensing system to position a vehicle for parallel parking, calculating the optimal vehicle angle and carefully steering the vehicle into a parking spot.

EPS also can be programmed to communicate with a vehicle's camera, opening the door for Ford to introduce lane-assist and accident avoidance systems such as lane departure warning systems.

"EPS gives us more warning options for these advanced systems," adds Darrel Recker, Ford's EPS supervisor. "With EPS, we can consider more tactile versus visual warning mechanisms, such as a vibration in the steering wheel, and we don't have to add a lot of components or additional hardware to make it happen."

EPS has the potential to add steering features for comfort and personalization. Ford currently is examining how to calibrate the system so that customers can select their desired steering effort. Drivers that prefer a sportier ride, for instance, would choose a higher steering effort than someone who prefers a more luxury-car feel.

Steering the Way

EPS continues to gain momentum in North America, with Ford acting as a major player in adapting this efficient technology across nearly 90 percent of its lineup by 2012. For 2010, the all-new Ford Fusion, Mercury Milan, Ford Taurus SHO and Lincoln MKT include EPS.

Ford's aggressive migration of EPS represents up to a 5-percent gain in fuel economy for each product application and CO2 emissions savings of approximately 3.5 percent because the system operates on demand. EPS also equates to less maintenance for customers since it is completely free of the complicated mix of hydraulic pumps, hoses, power steering fluids and drive belts that can require regular service and repair.

"As we use advanced technology such as electric power steering to improve fuel efficiency across our vehicle lineup, we have the opportunity to introduce new innovations such as pull-drift compensation and Active Park Assist," said Ford's Jammoul. "We are applying these technologies not for the sake of technology, but because they meet the needs and wants of our customers."

Source : http://www.automotive.com (3/12/2009)


Roush Drag Racing Team Makes An Impact At NMRA Season-Opener  
BRADENTON, Fla.: The ROUSH drag racing team traveled down to Bradenton (Fla.) Motorsports Park this past weekend for the kickoff of the NMRA's eleventh season. The weather was beautiful, the stands were packed, and the three racers on the ROUSH Drag Racing Team got the season started in their respective classes.

As has been her forte over the past couple of seasons, Susan Roush-McClenaghan kicked off her season in fine style. Running her modular-powered, ROUSH Competition Engines-built '01 Mustang, Roush-McClenaghan qualified fourth out of 22 cars, just behind teammate Donnie Bowles in the ROUSH Modular Muscle class. The team had spent a day at South Georgia Motorsports Park in Valdosta testing the car prior to arriving in Florida, and Susan has been honing her driving skills and working on consistency, which paid off during qualifying.

Roush-McClenaghan faced off in the first round against Ontario, Canada's John Brooks, and ran right on her dial - a 10.357 on a 10.35, with a .051 reaction time, to move on to the second round. There she faced off against Modular Muscle heavy-hitter Derek Kernodle, and used those driving skills to take another round win. Her .028 reaction time gave her a huge advantage right out of the gate, and then she ran closer to her dial, sealing up the win. The third round brought Roush-McClenaghan an easy win over class champion Tom Motycka when he redlit, but Roush-McClenaghan used the free pass to see how the car would run as the weather conditions were changing. A 10.353 on a 10.35 dial-in set her up for round four against another one of the Modular Muscle players, Jeff Stafford. Roush-McClenaghan continued her consistency with a sharp .021 reaction time and 10.41 on a 10.35 dial, while Stafford broke out and sent Roush-McClenaghan on to the final round.

In the finals, Roush-McClenaghan raced against fellow Michigan resident Paul Svinicki, an incredibly consistent racer in his own right. Unfortunately for Susan, she reacted just a bit too quickly, lighting the red bulb and ending her weekend as the class runner-up.

"I am disappointed with how the final round went, but the team has grown so much, and I've been working so hard to improve my skills. We're very happy with how the weekend turned out, and by making it to the finals, we're positioning ourselves well for the rest of the season," Susan explained.

Donnie Bowles also competes in the ROUSH Modular Muscle class along with Roush-McClenaghan, and his .006 reaction time during qualifying placed him in the third position. He ran well during eliminations, taking out Ohio's Steve Gauman in the first round and Reggie Burnette Sr. in round two. Unfortunately for Donnie, he came up against event winner Paul Svinicki in round three. Both racers broke out, but Donnie broke out worse, running a 9.75 on a 9.87 dial-in, and took the loss this time around. His quarterfinal finish is a good start to the 2009 season.

It was a difficult task, and included a lot of overtime in the shop, but the 1972 Ford Maverick that Don Bowles purchased on January 2 as a rolling shell showed up in Bradenton completely revamped and ready to do battle in the Hot Street class. The car was constructed completely at the ROUSH fabrication facility in Livonia, Mich., and features a ROUSH Competition Engines-built 398 cubic inch class-legal engine. Dubbed "Coal Digger VII," it's the seventh iteration of Don's drag cars, and is covered in his trademark yellow hue.

The team tested the car in Georgia, came to Florida, and qualified fifth with an 8.88 at more than 150 mph, no small feat for a brand new car. While he's just a bit off the pace as far as elapsed times go, with further testing and seat time, those performances will improve. Don went out in the first round on Sunday against Timothy Eichhorn, but the team was very pleased with the result of the first race out with the car. Don and engine builder Ben Mens of ROUSH Competition Engines feel that he'll be a major player in Hot Street as the season wears on.

The ROUSH Drag Team carries sponsorship from 3M, Valvoline, Mickey Thompson and ROUSH. The next event on the NMRA schedule will take place May 15-17, 2009 at Atco Raceway in Atco, N.J.

Source : http://www.theautochannel.com (3/12/2009)


Mitsubishi Closing Its Design Office in California, Consolidating Design in Japan  
CYPRESS, California — Mitsubishi Motors North America is closing down its Research and Design of America center here. The automaker will focus global design activities on its Tokyo center.

Mitsubishi will keep its Ann Arbor, Michigan, center, which is concentrating on electric-car R&D.

The California design center had been the focus of a Project America effort that started in 2000 and was intended to create U.S.-specific models. Among its output were such models as the Eclipse, the Galant and the Endeavor. In the past few years, the Cypress center was involved in the design for the Eclipse Spyder convertible, but had not been working on any major projects.

Mitsubishi Motors North America spokesman Dan Irvin says that going back to a single design studio is in line with the automaker's commitment to design global vehicles.

Source : http://www.edmunds.com (3/12/2009)


Boris gives more green-time to drivers  
Pedestrians will be forced to walk faster on many road crossings if a plan proposed by London mayor Boris Johnson gets the green light.

Under the proposals the crossing time would be cut and digital signs would inform pedestrians how many seconds they have to cross the road.

Up to 6000 crossings would be affected, slashing around six seconds of red-light time during each phase.

A Transport for London (TfL) spokesman said: 'The mayor wants to reduce pedestrian crossing time where there is capacity to do so.

'It may be possible to provide additional green-time for vehicles by introducing pedestrian countdowns.'

According to TfL, 150 junctions have already had their timings altered and there are plans to adjust a further 1000 sets of lights each year for the next six years.

Source : http://www.whatcar.com (3/12/2009)


Mahindra Scorpio Gets Face-Lift in India  
MUMBAI, India — SUV specialist Mahindra has face-lifted its Scorpio SUV range in India, cutting prices up to $1,300 and launching a new "micro-hybrid" variant.

The new Mahindra Scorpio VLX BS-IV features the company's stop-start micro-hybrid system and is priced at $17,950. The rest of the line is priced from $13,900-$19,250.

In addition to freshened sheet metal, various Scorpio models get new features, ranging from antilock brakes to power mirrors.

Source : http://www.edmunds.com (3/12/2009)


Quantum Technologies Reports Fiscal 2009 Third Quarter Financial Results  
IRVINE, Calif: Quantum Fuel Systems Technologies Worldwide, Inc., a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles and applications including hybrid, plug-in hybrid, hydrogen, and alternative fuel vehicles, today reported results for the three and nine month periods ended January 31, 2009. Conference call information is provided below.

Third Quarter Operating Results

Total revenue in the third quarter of fiscal 2009 was $5.9 million compared to $7.1 million in the third quarter of fiscal 2008, a net decrease of 17%. The decrease in consolidated net revenue is primarily related to a decline in product shipments and engineering services provided to General Motors in fiscal 2009 compared to fiscal 2008. The Company's consolidated operating loss increased from $3.8 million in the third quarter of fiscal 2008 to $11.9 million in the third quarter of fiscal 2009. The increase was primarily due to the lower revenue base and a non-cash charge of $5.8 million recorded in the third quarter of fiscal 2009 for the impairment of the unamortized balance of the intangible asset associated with our Strategic Alliance Agreement with General Motors.

The Quantum Fuel Systems operating segment loss increased $7.7 million from $1.4 million in the third quarter of fiscal 2008 to $9.1 million in the third quarter of fiscal 2009. The increase is primarily due to the impairment of the intangible asset in the third quarter of fiscal 2009 and a lower level of revenues. Corporate segment expenses increased $0.3 million, from $2.5 million in the third quarter of fiscal 2008 to $2.8 million in the third quarter of fiscal 2009. The shared-based compensation expense related to FAS 123R was $0.4 million and depreciation and amortization expense was $0.9 million during the third quarter of fiscal 2009.

Contract revenue for the Quantum Fuel Systems segment increased $1.1 million, or 24%, from $4.6 million in the third quarter of fiscal 2008 to $5.7 million in the third quarter of fiscal 2009. The increase was primarily due to higher development program revenues related to development of the "Q Drive" propulsion system for the Company's affiliate - Fisker Automotive. This increase was partially offset by a decline in hydrogen and fuel cell system programs with General Motors. Other hybrid and plug-in hybrid development programs, military programs and other advanced hybrid propulsion system development programs were comparable for the third quarter of fiscal 2008 and 2009.

The Tecstar Automotive Group business segment ceased operations on January 16, 2008 upon transfer of substantially all of its assets to an affiliate of our lender. Accordingly, the activities of the Tecstar Automotive Group reporting segment are reported as discontinued operations for the three and nine month periods ending January 31, 2008.

The Company's net loss from continuing operations increased from $3.8 million, or $0.05 a share, in the third quarter of fiscal 2008 to $13.6 million, or $0.14 a share, in the third quarter of fiscal 2009. The Company's net loss increased from $1.4 million, or $0.02 a share, in the third quarter of fiscal 2008 to $13.6 million, or $0.14 a share, in the third quarter of fiscal 2009.

Nine Month Results

For the nine month period ended January 31, 2009, the Company reported revenues of $17.0 million compared to revenues of $16.8 million for the nine month period ended January 31, 2008. Contract revenues increased $6.6 million, or 69%, from $9.6 million in the first nine months of fiscal 2008 to $16.2 million in the first nine months of fiscal 2009. The increase was due primarily to an increased level of system development and application engineering of our "Q-Drive" hybrid propulsion system for the Fisker Karma vehicle program and other funded contract work with the United States military and other government agencies. The operating loss for the Quantum Fuel Systems segment increased $6.2 million, or 98%, from $6.3 million in first nine months of fiscal 2008 to $12.5 million in the first nine months of fiscal 2009, primarily due to the non-cash charge of $5.8 million recorded in the third quarter of fiscal 2009 for the full impairment of the unamortized balance of the intangible asset associated with our Strategic Alliance Agreement with General Motors.

Corporate segment expenses increased $0.4 million from $7.9 million in the first nine months of fiscal 2008 to $8.3 million in the first nine months of fiscal 2009. Corporate segment expenses reflect the general and administrative expenses that indirectly support our ongoing Quantum Fuel Systems operating segment and our anticipated future operating segments. Corporate segment expenses consist primarily of personnel costs, share-based compensation costs, and related general and administrative costs for executive, finance, legal, human resources, investor relations and our board of directors. Included in operating expenses are $2.2 million and $1.5 million of share-based compensation for the first nine months of fiscal 2008 and 2009, respectively.

The Company's consolidated operating loss increased from $14.1 million in the first nine months of fiscal 2008 to $20.8 million in the first nine months of fiscal 2009. During the first nine months of fiscal 2009, depreciation and amortization expense was $2.7 million. Cash used from operations during the first nine months of fiscal 2009 was $13.3 million which included $3.8 million in prepayments on a solar cell contract.

The May 2008 modification to the Company's debt instruments resulted in a total non-cash charge on modification of debt of $39.8 million which was recorded during the first quarter of fiscal 2009 and is included in loss from continuing operations for the nine month period in fiscal 2009. The charge represents the difference between the carrying balance of the notes and the estimated fair values of the notes, as amended, as of the date of such amendment. Since the implied premium totaling $39.8 million is presumed to represent equity in accordance with Accounting Principals Board (APB) 14, "Accounting for Convertible Debt," the implied premium is recorded as additional paid-in-capital under stockholders' equity.

Asola, Quantum's German solar affiliate, recorded in equity in earnings of affiliates, had revenues of approximately $39.4 million and net income of $0.5 million during the first nine months of fiscal 2009.

The Company's net loss from continuing operations increased from $14.3 million, or $0.19 a share, in the first nine months of fiscal 2008 to $62.1 million, or $0.69 a share, in the first nine months of fiscal 2009. The Company's net loss decreased from $80.3 million, or $1.06 a share, in the first nine months of fiscal 2008 to $62.1 million, or $0.69 a share, in the first nine months of fiscal 2009.

Alan P. Niedzwiecki, President and CEO, stated, "The Company's third quarter operating performance was impacted by the downturn in the economy and especially the challenges faced by our automotive OEM customers. Despite uncertain times, we remain optimistic that the continued focus on hybrid and "green vehicle" technologies will benefit Quantum as dramatic change continues to take place in the automotive industry. Development of our "Q-Drive" hybrid propulsion system for the Fisker Karma luxury premium hybrid vehicle and related integration efforts are progressing according to plan. Fisker unveiled, as expected, its first production car, the Fisker Karma, incorporating a fully developed and operational Q-Drive at the 2009 North American International Auto Show in Detroit."

Mr. Niedzwiecki continued, "We continue to advance technologies under funded Department of Energy programs and additionally have applied for a $175 million loan in connection with the Department of Energy's $25 billion Advanced Technology Vehicles Manufacturing Loan program. We believe that we are well positioned to receive some level of funding within the next 6 month period as it would enable us to advance hybrid vehicle and battery technologies for further commercialization of vehicle programs and other future vehicle platforms at more economical price points. We are also in the process of applying for grants under the 2009 Economic Stimulus Package and other government programs available to the Company."

Source : http://www.theautochannel.com (3/12/2009)


China Vehicle Registration Data Hard To Come By  
Shanghai, China's traffic authorities have controlled the country's vehicle registration data, which are kept as secret and expensive information. At this year's session of the National People's Congress (NPC), Zuo Yan'an, an NPC deputy and the chairman of Jianghuai Auto, put forward a motion calling for unveiling of the country's vehicle registration data, China Youth Daily reported today.

Currently, China has three major sources of the auto sales data: the China Association of Automobile Manufacturers (CAAM), China Passenger Car Association (CPCA), and the registration data of the traffic authorities under the Ministry of Public Security. The CAAM only issues the wholesale figures, different from the actual retail sales figures, and the sales figures released by CPCA are controversial. Only the vehicle registration data are believed to be accurate as the reliable barometer of the auto market.

But the traffic authorities have never made the registration data available to the public and industry. The Ministry of Public Security has explained that the related information system is "not ripe" for unveiling these data, and these registration data are related to the privacy of citizens. Solutions to these problems will be explored later, the ministry added.

Mr. Zuo said that as the vehicle registration data contain no state secret and will not harm the benefits of the auto industry and consumers, the Ministry of Public Security should carefully study this issue and release the vehicle registration information as soon as possible. These data are urgently needed for car makers, dealers and customers to know more exactly about the auto market and industry.

Industry insiders mentioned "an open secret" that some auto companies have to spend a large sum of money buying the registration data of their vehicles while the traffic authorities keep these data secret. The price for the data purchases is said to range from tens of thousand yuan to one million yuan ($1=6.83 yuan).

Source : http://www.theautochannel.com (3/12/2009)


Toyota US Hybrid Sales Surpass Million Units  
TOKYO Yuri Kageyama writing for the AP reported that Toyota's hybrid sales in the U.S. have surpassed the 1 million mark, the Japanese automaker said Thursday, underlining the rising popularity of the ecological vehicles.

It took seven years for Toyota Motor Corp., the world's biggest automaker, to sell 500,000 hybrids in the U.S., but has taken just two years to sell the next 500,000, the Japanese company said in a statement.

But Toyota's U.S. sales have been battered by the ongoing slowdown, tumbling 39.8 percent from a year earlier in February.

Gasoline prices, which surged during the first half of last year, have come down drastically, and it is unclear whether gasoline-electric hybrids will continue to sell as briskly as they have in recent years. U.S. sales of Toyota's Prius hybrid were down 33.6 percent on year in February.

Toyota is introducing the third-generation Prius later this year, but that's expected to meet intense competition from the Insight hybrid from Japanese rival Honda Motor Co. The Insight starts at $19,800 in the U.S., where it will go on sale March 24, as the cheapest hybrid on the commercial market.

Since going on sale about a month ago in Japan for 1.89 million yen ($19,000), Honda has racked up 18,000 orders for the Insight, more than triple the 5,000 that Honda targeted. Toyota has not disclosed prices for the upcoming Prius.

Toyota, who also makes the Camry and Corolla sedans, introduced gasoline-electric hybrids to Japan in 1997, and the U.S. in July 2000, with its Prius. The Prius is still the world's top-selling hybrid.

"One million hybrids in less than nine years indicates how quickly American consumers have accepted this important technology," Jim Lentz, Toyota's top U.S. executive, said in a statement.

Toyota controlled nearly 75 percent of the U.S. hybrid market over the past decade, and cumulative worldwide sales of the company's Prius and luxury Lexus hybrids topped 1.7 million vehicles through January.

Toyota has sold 700,000 Prius cars in the U.S., more than half the 1.2 million sold worldwide

Source : http://www.theautochannel.com (3/12/2009)


Mazda Motor Europe Reports Rome Positive Highlights in February Sales  
LEVERKUSEN, GERMANY -: The Mazda brand achieved several positive results last month in Europe, despite lower retail volumes compared to February 2008. The relatively strong performance in 12 markets helped to increase Mazda Motor Europe’s passenger car market share, both European-wide and on a country level.

Mazda’s share of the European passenger car market (excluding the Mazda BT-50) rose 0.3 of a percentage point (ppt) compared to February 2008, and is estimated to be 2.0 percent for the month. The brand’s share of the overall European automotive market (including the BT-50) is estimated at 1.8 percent in February, an increase of 0.1 ppt compared to last February.

Mazda also achieved its highest February market shares in both mature and new Mazda markets – in the UK and Spain, predicted at 2.4 and 1.1 percent, and in Turkey and Poland, estimated at 1.1 and 1.0 percent respectively. In the Ukraine, Mazda achieved an excellent market share as well in February, predicted to be 5 percent.

Government incentives have encouraged some consumers into buying cars again in Germany, where Mazda has performed very well of late. Last month, official KBA registrations stood at 6,153 units, which is up over 21 percent vs. 2008, the second straight month of sales increases for the brand. Positive signs were also visible in Russia, where Mazda achieved its second-highest February retail volume ever, at 4,927 units. And in five countries – Slovenia, Poland, Turkey, Belarus and Algeria – Mazda sales volumes were at record monthly levels.

Source : http://www.theautochannel.com (3/12/2009)


1000th Ferrari in Hong Kong  
HONG KONG –: A special ceremony to mark the 1,000th Ferrari delivered in Hong Kong took place in Victoria Harbour yesterday. Over 65 international media from Hong Kong, Macau and the adjacent markets participated in this significant milestone for Ferrari in the Asia-Pacific region. From the first Ferrari delivered to a Hong Kong customer in the early 1960’s, now, some 45 years later, this 1,000th car is a new 612 Scaglietti ‘One-To-One’, the flagship of the current Ferrari range which was specially commissioned by the owner last year.

The handover ceremony took place in a truly unique way. Believed to be a ‘first’ for any automotive company in Hong Kong, the car was presented to the Hong Kong owner, Mr Didier Li, on board ‘Huan’, a Chinese Junk, in Victoria Harbour during the late afternoon. ‘Huan’ is a fitting symbol of Hong Kong’s history and the backdrop of Hong Kong Island’s modern skyline providing a truly spectacular and exclusive ceremony for the handover of the 1000th Prancing Horse car in one of the most mature markets in the Asia Pacific Region.

In Hong Kong, Ferrari delivered 115 cars in 2008 and 1,089 cars across the whole Asia Pacific region; Japan continues to be the primary market for Ferrari with 433 cars delivered to clients in 2008, an increase of 15%, while more than 200 cars were delivered in China for the first time, an increase of 20% on 2007 to 212.

Source : http://www.theautochannel.com (3/12/2009)


100 Years of Suzuki Excellence  
LAVERTON NORTH, AUSTRALIA –: In its 100 year history, Suzuki has developed an outstanding reputation for manufacturing a range of cars, 4WDs, motorcycles and marine products offering excellent value for money and exceptional reliability.

Continually striving to improve the breed through competition motorsport, Suzuki has racked up a string of world titles on two and four wheels and is now one of the 10 largest automotive manufacturers on the planet.

However, like most great companies, Suzuki’s genesis was humble in both size and operation.

In 1909, Michio Suzuki founded the Suzuki Loom Company in the small seacoast village of Hamamatsu, Japan. Business boomed as Suzuki built weaving looms for Japan's giant silk industry. Suzuki's only desire was to build better, more user-friendly looms and, for the first 30 years of the company's existence, its focus was on the development and production of these exceptionally complex machines.

Despite the success of his looms, Michio realized his company had to diversify and he began to look at other products.

Based on consumer demand, he decided that building a small car would be the most practical new venture. The project began in 1937, and within two years Suzuki had completed several compact prototype cars.

These first Suzuki motor vehicles were powered by a then-innovative, liquid-cooled, four-stroke, four-cylinder engine. It featured a cast aluminum crankcase and gearbox and generated 13 horsepower from a displacement of less than 800cc.

With the onset of World War II, production plans for Suzuki's new vehicles were halted when the government declared civilian passenger cars a "non-essential commodity."

After the war, Suzuki went back to its roots. Loom production was given a boost when the US government approved the shipping of cotton to Japan and Suzuki's fortunes brightened as orders began to increase from domestic textile manufacturers. But the joy was short-lived as the cotton market collapsed in 1951.

A motor corporation is born

Faced with this challenge, Michio’s thoughts returned to motor vehicles. After the war, the Japanese had a great need for affordable, reliable personal transportation, with a number of firms offering ‘clip-on’ gas-powered engines that could be attached to a bicycle.

Suzuki's first two-wheel effort came in the form of a motorized bicycle called the Power Free. Designed to be inexpensive and simple to build and maintain, the 1952 Power Free featured a 36cc two-stroke engine and an ingenious double sprocket gear system.

An unprecedented feature for its time, the gear system enabled the rider to either pedal with the engine assisting, pedal without engine assist, or simply disconnect the pedals and run on engine power alone.

The system was so inspired that the patent office of the new Japanese democratic government granted Suzuki a financial subsidy to continue research in motorcycle engineering. And so was born Suzuki Motor Corporation.

In 1953, Suzuki scored the first of countless racing victories when the tiny 60cc Diamond Free won its class in the Mount Fuji Hill Climb.

By 1954, Suzuki was producing 6,000 motorcycles per month and had officially changed its name to Suzuki Motor Co., Ltd.

Following the success of its first motorcycles, Michio created an even more successful automobile – the 1955 Suzulight – which showcased the company’s penchant for innovation from the beginning.

The Suzulight included front-wheel drive, four-wheel independent suspension and rack-and-pinion steering – features now common on cars produced half a century later.

In 1957, Michio stepped down after nearly 50 years at the helm, handing over the reigns to son-in-law Shunzo who adopted his wife’s surname. Michio continued to have an active role in the day-to-day running of his company, staying on as Shunzo’s adviser.

Two-wheeled success

Over the next decade Suzuki continued to develop its motorcycle range and looking to expand its reach throughout the world.

Australia was one of the first countries to import Suzukis, with a batch of 125 cc Suzuki Colleda motorcycles arriving in January, 1960. With new levels of value and reliability, the fast-growing range of motorcycles quickly became popular with Australian customers.

Most notable were Suzuki's two-stroke vertical twins. In 1966, the X6 Hustler became Suzuki's first true street-legal performance machine, and the fastest Japanese 250cc of its time.

It was followed by the Cobra, the world’s first 500cc two-stroke motorcycle, which developed with the more masculine styling of the Titan that became one of the most popular motorcycles on the road here in the early 1970s.

The company also continued its motorcycle racing efforts, developing its engineering skills and learning everything it could.

By 1962, Suzuki was in Europe winning the first ever 50cc Grand Prix World Championship. A year later, Suzuki won the title again, as well as the 50cc class at the legendary Isle of Man TT.

Suzuki also began competing and winning off-road. In the World Motocross Championships, long dominated by European makes, Suzuki won the 1971 500cc title; a trophy it would gain four more times, in 1972, '73, '75 and '76.

Suzuki extended its MX success with an incredible string of victories in the 125cc World Championship, winning the title from 1975 to 1984.

In 1973, Shunzo became chairman of SMC, with Jitsujiro Suzuki assuming the mantle of president.

Back on the road, Suzuki's two stroke range grew to include a series of in-line triples, capped off by the GT750 - the largest mass-production liquid-cooled two-stroke street bike ever offered to the public.

Suzuki's road racing efforts expanded to the premier 500cc class, with charismatic Brit Barry Sheene winning successive World Championships onboard the exotic RG500 square four. This enduring race bike would go on to two more title wins in 1981 and 1982 with Italians Marco Lucchinelli and Franco Uncini riding.

But with tightening emissions standards, four-stroke in-line fours would lead Suzuki's charge starting in 1976 with the new GS750, boasting a relatively short stroke, double overhead cams, twin disc brakes and fine handling. The GS1000 that soon followed is judged by critics as arguably the best one-litre four-cylinder of its time.

The GS worked well on the track, too, with Wes Cooley piloting a Yoshimura-tuned GS1000 to Suzuki’s first AMA Superbike Championship in 1979. He followed up with another win in 1980, as well as two wins in the world’s premier motorcycle endurance race – the Suzuka Eight Hour.

By the early 1980s, Suzuki had firmly staked out its territory as a major player in the market for tough, reliable, high-performance motorcycles.

Bound for a land down under

Suzuki began engineering a new breed of vehicle – a compact 4x4 – in 1968. Known as the LJ10, it was powered by a tiny 360cc two-stroke engine developing just 24 horsepower.

In spite of the lack of mechanical power, the combination of a lightweight body, compact dimensions and full-time 4x4 gearing made the LJ10 an exceptional performer in tough, off-road conditions.

That made the rugged conditions that make up much of Australia an obvious choice for Suzuki as an export market. The first – the LJ20 – made its official Australian debut at the 1974 Melbourne Motor Show. It quickly garnered a legion of fans, with its exceptional value for money and ability to leave bigger, more expensive 4WDs in its wake.

It was upgraded in 1978 by the LJ80, now boasting an 800 cc four-cylinder engine. A pick-up version designated LJ81 – known as the Stockman – also made its way to Australia where it became a favourite with farmers around the country.

That was the same year Jitsujiro took over as chairman of the company, with Osamu Suzuki promoted to the president’s role.

Suzuki Australia P/L (SAPL) was incorporated in 1980, as a motorcycle and marine product distributor, responsible for importing, marketing and selling the growing Suzuki range.

In 1988 the company welcomed the arrival of a new breed of vehicle – the compact SUV. Suzuki realised customers were looking for a vehicle that could combine serious off-road performance, but still be customer friendly around town.

And so was born the Vitara.

Built on a new platform and boasting more room and power than its Sierra sibling, the Vitara had a ladder frame chassis and dual range gearing, combined with genuine creature comforts.

It proved a hit in Australia, and around the world, and was responsible for opening up the outback to a new generation of Australians.

In 1994 SAPL began taking over automobile distribution in Victoria and Tasmania, and by 2000 had assumed responsibility for cars in all states except Queensland.

Throughout those years the Suzuki range continued to grow, including cult favourites such as the Swift GTi and the Cappuccino, and perennial favourites such as the Grand Vitara and current Swift.

Since 2004, Suzuki has grown exponentially in Australia, to be the fastest growing brand in the country. Sales have increased 200 per cent, with the company on track to record its seventh successive record sales year in 2009.

The range now includes the Swift, SX4, Grand Vitara, Jimny Sierra and APV

Global expansion

Suzuki's phenomenal growth in recent years has been predicated on its distinctive domestic and international strategies. Domestically, the company owes its success to its high-quality engines, around which it designs a wide variety of vehicles for special or emerging niche markets.

Internationally, Suzuki has traditionally targeted developing countries with growing populations, including, China, Hungary, Indonesia and Pakistan, while India is now one of the jewels in the Suzuki crown.

A subsidiary of Suzuki Motor Corporation, Maruti Suzuki is India’s largest passenger car company and has led that market for more than two decades.

In 2008, more than half of the more than one million cars sold in India – one of the world’s fastest growing economies – wore a Maruti Suzuki badge.

The company boasts a sales network of 562 outlets in 372 towns and cities, and more than 2500 service facilities in over 1200 towns and cities.

Since inception in 1981, Maruti has produced and sold over 6.75 million vehicles, including almost 500,000 units in Europe and other export markets.

Rated first in customer satisfaction for eight years in a row in the prestigious J D Power's Surveys, Maruti Suzuki was named India's Most Respected Automobile Company by Businessworld magazine.

Maruti Udyog began as a government company, with Suzuki as a minor partner, to make a people's car for middle class India.

In 2007, the Indian government sold the last of its stake, forging the start of Maruti Suzuki India Limited, with SMC owning 54 per cent of the new company.

Suzuki Goes Off-Shore and All-Terrain

In 1977, Suzuki took to the water, forming a new company to market its proven outboard motors in the U.S. By the 1980s, Suzuki was selling a complete lineup of two-stroke motors, ranging from a modest two-horsepower model to a mighty 225-horse outboard.

Along the way, Suzuki introduced a series of technological breakthroughs, including oil injection, dual-plug heads and Microlink, a computerized control system for optimal engine timing.

In 1982, Suzuki took the lead in the hot new market for all-terrain vehicles by introducing the first four-wheel ATV: the top-selling QuadRunner LT125. A full line of Suzuki Quads followed the LT125, and competing manufacturers soon offered their own four-wheeled ATVs.

More Racing Success

While Suzuki was just starting up the compact SUV craze, its motorcycles had already carved an enviable reputation at the highest levels of racing.

After the initial success of the GS and the subsequent Katana super sport models of the early 1980s, Suzuki originated the mass-production repli-racer Superbike in 1986 with its revolutionary GSX-R750. Never before had a bike with so much potential been offered to so many riders.

A young, fearless Kevin Schwantz won the Daytona 200-miler in 1988, the first of numerous other Superbike races on GSX-Rs en route to the 500 cc title on board a Suzuki RG500 in 1994.

And Suzuki started its longtime ownership of the near-stock AMA 750cc Supersport Series. Since 1996, Suzuki has won every 750cc SS title, and virtually every race.

In 1996, Suzuki unveiled an all-new 750 with a liquid-cooled engine and twin-spar aluminum frame. Lighter than some of its competitors by 20 kg, the new GSX-R ruled Supersport racing. With the help of Aussie Mat Mladin, this GSX-R claimed back-to-back AMA Superbike Championships in 1999 and 2000.

In 2001, Mladin and Yoshimura debuted yet another new low-mass GSX-R750 at Daytona, and easily won the event. The year also saw the debut of the outrageous GSX-R1000, featuring class-leading horsepower packed into a ridiculously light frame. Like the 750 before it, the new 1000 dominated bike-of-the-year honors worldwide.

While the GSX-Rs collected most of Suzuki's road racing trophies, other notable wins came around the world. Kenny Roberts Jr joined Team Suzuki in 1999 and won a slew of races on his Suzuki V-four before winning his first 500cc World Championship during the 2000 season.

The outstanding success of the GSX-R series culminated in 1999 with the launch of the Hayabusa GSX-R 1300. With a top speed of more than 300 km/h, the ‘Busa has already garnished a reputation as the world’s quickest superbike

Off the pavement, Suzuki saw increasing success as well. In the mid-1990s, Suzuki claimed 125cc AMA East and West Coast Supercross Championships, while South African Greg Albertyn won the AMA 250cc Outdoor National Championship.

Australian-born Chad Reed recently re-signed with Suzuki, and in 2009 will look to repeat his success in the AMA and World Supercross championships. He kicked his campaign off in fine style, and was never headed in any round of the 2008 Australian SX Championships.

On four wheels, the Suzuki charge was led by legendary racer Nobuhiro ‘Monster’ Tajima, who earned his place in history with his record-smashing Grand Vitara that took championships at Pikes Peak and Race to the Sky.

Tajima was also the driving force behind Suzuki’s entry into full-time rallying, when the Ignis was entered in the 2003 Junior World Rally Championship.

Super Swede Per-Gunnar Andersson piloted the car to the 2004 driver and manufacturer’s title and repeated the dose with a runaway win driving a Swift Sport in the 2007 series.

The Suzuki Tradition Continues

In June 2000 Osamu Suzuki, who had served as president of Suzuki Motor since June 1978, became chairman and CEO of the company.

The longtime leader, who had married a granddaughter of the company founder and took his wife's family name, had built Suzuki into a global powerhouse through his consistent focus on small cars, cost-containment, and conservative fiscal practices, while maintaining an aggressive approach to expanding into developing markets.

What was once a small group of dedicated engineers, designing the world's finest weaving machinery, has today grown into a worldwide company of almost 50,000 people, who create and distribute products in more than 190 nations.

Worldwide, Suzuki sells more than two million vehicles a year, surpassing the sales of such renowned marques as BMW, Mercedes and Mazda. Suzuki motorcycles are the first choice of more than 2 million riders every year.

As it enters its 100th year, Suzuki will continue its tradition of technological trailblazing, and appealing to customers who demand unique design, value, reliability and superior engineering.

Source : http://www.theautochannel.com (3/12/2009)


India’s Car Market – road behind, road ahead  
Do you still remember the days when the only cars that were on the Indian roads were the Indian made Ambassador, Premier Padmini (Fiat) and Standard. I still vividly remember the “Be Indian, Buy Indian” slogans painted at the back of every bus and lorry.

Ambassador

Ambassador from Hindustan Motors was undoubtedly the king of the Indian roads back then. Ambassador has remained virtually unchanged for about 30 years. If you visited suburban or rural areas of India, this was the only model that was capable of handling the bad roads (or the no road terrain). With high bumper and the rugged body, Ambassador was certainly capable of taking you anywhere.

Hindustan Motors is one of the oldest Indian car manufacturers in India. Its Ambassador model is based on the Morris Oxford, a British car that dates back to 1954. Founded in 1942 by Mr. B.M. Birla, it was a leader in car sales until the 1980s. It began in Port Okha near Gujarat, and in 1948, moved to Uttarpara, West Bengal.

Premier Padmini

In many aspects Ambassador is in par with today’s SUV (Sports Utility Vehicle) models. Premier Padmini had the “white collar” look and was mostly owned by doctors and advocates. However it lacked the aristocratic appeal and only those with a taste for modern simplicity went for it. On the other hand Standard Herald was the choice of those with a taste of their own with a “stay away from mainstream” attitude.

Walchand Hirachand started Premier Automobiles Ltd. (PAL) in 1942. They assembled De Soto and Plymouth cars in 1946 in association with Chrysler from the United States. In 1973, the Premier name was used on their vehicles for the first time.

Standard Herald

These were the models that made the Indian roads and cities look ancient when compared to foreign roads and cities of the same period. While other country roads have already been flocked by new sleek modern cars, Indians still lived with these old model cars for a long time before the Indian automobile manufactures introduced their next generation models.

The Standard began automobile production in Madras in 1957 making variations of vehicles made in the U.K. by Standard-Triumph. Standard 10 & Standard Herald were one of the popular models in India in the 60’s and 70’s.

Premier 118NE, Contessa Classic & Standard 2000

Premier introduced the “118NE”. Hindustan Motors introduced the “Contessa Classic”. Both were a breeze and brought the much wanted modern look to the Indian roads. Then came the most modern looking car of the 80’s – The Standard 2000 (a 2-litre version of the Rover SD1) from Standard Motors. It was spacious and had a sports car look. However Standard Motors stopped making the model within two years of launch.

Rumor has it that Tata who was selling imported cars during that period manipulated the market, which led to the model being dropped by Standard Motors. The Standard 2000 was indeed poised to create a wave of excitement in the Indian automobile industry, but met a premature end unfortunately.

Another revoluation in the Indian automobile industry during the 8o’s - was the joint venture ofSuzuki - Japan that resulted in the launch of Maruti 800, based on the Suzuki Alto kei. Maruti Suzuki 800 was a sleek economy car. Maruti also introduced the Maruti Omni Van which was a big success. The sliding doors offered great convenience and became the choice for people who valued room and convenience over looks.

Maruti Suzuki 800

However, the Ambassador was still considered the car with “The Class”. If you were to pick up a VIP you would always send an Ambassador as it still retained the rich aristocratic appeal.

Maruti Udyog Limited (MUL) was established in February 1981. The joint venture Maruti Suzuki was owned by the Indian government and Suzuki of Japan. The Indian government held an initial public offering of 25% of the company in June 2003. As of May 10, 2007, Govt. of India sold its complete share to Indian financial institutions.

Fast forward to present:

With India embracing open economy and allowing foreign auto makers in, the rush is yet to settle down. Indian roads are now filled with Japanese, Korean, European and American cars. The Indian Passenger Car market is full of uphill projections and every major auto maker of the world has an eye set on this promising market.

Keystone- a US-based consultancy firm and subsidiary of LaSalle Consulting Associates- forecasted that India will become the world’s third largest automobile market by 2030, behind just China and the US. The size of the Indian vehicle market was forecast to cross 20 million from the one million plus vehicles sold in 2004.

During 2006 and 2007 alone General Motors, Fiat, Honda, Nissan and Hyundai announced Indian investments valued at roughly $1.5 billion.

Tata Motors has tied up with the Punjab National Bank and a host of other PSU’s like Corporation Bank, Central Bank, Bank of India and State Bank of Patiala in preperation for its launch this month of the much awaited Nano - dubbed as the cheapest car of the world. Priced at over one Rs lakh, Tata Motors hopes the Nano will pull in significant volumes from non-metro towns

Polo – another model from Europe’s largest carmaker Volkswagen is to hit Indian roads in January 2010. Jorge Mueller, MD, VW India said “The car fits completely perfect for the Indian conditions. You see it from the shape, from the design, how it looks like, when you take a look at its interior, when you will see in the future equipment, the engines and all that you will see it completely matches with the demands we have in India.”

German luxury car maker Audi, which made its debut in India in 2006, is targeting selling 1,500 cars this year, banking on untapped opportunities in the “compact premium” segment in the country. “We are targeting a 40-50% growth in India over last year, closing the year with 1,500 units,” Audi chairman Rupert Stadler told visiting Indian journalists.

Today the Indian automobile industry is the tenth largest in the world with an annual production of approximately 2 million units. The list of Indian automobile companies is long: Ashok Leyland, Force Motors Ltd, Hindustan Motors, Mahindra & Mahindra Limited, Maruti Suzuki, Premier Automobiles, REVA & Tata Motors. The list of Multi-national companies in India is even longer: Audi, BMW, Fiat, Ford Motors (collaboration with Mahindra & Mahindra), General Motors, Honda, Hyundai, Renault-Nissan, Mercedes-Benz, Mitsubishi Motors, Škoda & Toyota (joint venture between Toyota Motor Corporation and the Kirloskar Group).

With the recent global economic downturn, India’s passenger-car sales climbed for the first time in five months in February as lower auto-loan rates spurred demand for the hatchbacks of Maruti Suzuki India Ltd., Hyundai Motor Co. and General Motors Corp. Sales rose 22 percent from a year earlier to 115,386, the Society of Indian Automobile Manufacturers said in a statement this week in New Delhi. Ten of 13 carmakers posted a gain.

Source : kalugu.com (3/12/2009)


Volvo Car China eyes over 10 percent sales growth in 2009  
BEIJING - Volvo expects its China sales growth will accelerate to over 10 percent in 2009, helped by a rebound in consumer sentiment, a senior executive of the Sweden-based automaker said on Thursday.

China's automobile sales, which surpassed the United States in January to become the world's largest auto market, jumped 24 percent in February, bouncing back from single digits in 2008, according the country's official data.

Alexander Klose, chief executive of Volvo Car China, said the company's sales in China will rise to "way over" 10 percent this year from less than 10 percent in 2008.

"There is more confidence in China now than that was at the end of last year," Klose said. "Confidence has fairly quickly come back."

Volvo sold 13,000 cars in China last year, which accounted for roughly 8 percent of its global sales. That figure will rise to close to 10 percent this year, Klose said.

Official data show China vehicle sales topped 800,000 units in February, the first time in eight months, as Beijing's policy initiatives aimed at boosting consumption lured buyers back to showrooms.

Klose was speaking to reporters after a ceremony marking the launch of its new model S80L, which is being produced in China.

The car is Volvo's flagship sedan and is produced by a joint venture with Chang Automobile, Mazda Motor and Ford Motor, the parent company of Volvo.

Ford Motor, which posted a record $14.7 billion net loss last year, has said it will carry out a strategic review of the Volvo brand, including the possible sale of the Volvo unit.

A few Chinese car makers, including Changan Automobile, Geely Auto and Chery Automobile, are believed to have expressed interest in the Swedish car marker.

Source : Reuters (3/12/2009)


Toyota bags a safety first  
Toyota has pushed the boundary for car safety forwards by revealing what it says is the world's first rear seat centre airbag.

The airbag deploys from a large, fixed centre console and is designed to stop passengers colliding with each other in a side-on impact. Toyota has already played a leading role in the introduction of driver's knee airbags, while the IQ has a unique rear window airbag.

Toyota says that the new system 'will feature in particular Toyota models in the future,' but it's not yet clear which cars it will be introduced in, or when. It's only suited to big four-seaters, so it's unlikely to feature on any of Toyota's current line-up. Future Toyota models or Lexus saloons would seem a more likely fit.

Source : http://www.whatcar.com (3/12/2009)


TVS Motor to invest Rs 185 mn in its arm  
TVS Motor Company, the flagship company of the TVS group and one of the largest two-wheeler manufacturers in India, approved a proposal to invest Rs 185 million in its wholly owned subsidiary viz., Sundaram Auto Components through rights issue of 3,700,000 equity shares having face value of Rs 10 each, at a premium of Rs 40 a share.

The board of directors approved the aforesaid proposal in a meeting held on Mar. 11, 2009.

Shares of the company gained Rs 0.4, or 2.07%, to trade at Rs 19.70. The total volume of shares traded was 72,760.00 at the BSE (11.18 a.m., Thursday).

Source : myiris.com (3/12/2009)


We've heard this before... again: GM considering Cadillac Insignia?  
Following up on an earlier report this week about future Buicks using Opel parts and platforms, the Detroit Free Press is saying that General Motors is considering offering the Insignia as a Cadillac. The front-wheel-drive sedan would likely be offered in all-wheel-drive form to U.S. consumers, and would feature adaptive headlamps, a lane-departure warning system and other techy tidbits. The same Epsilon II platform will underpin the 2010 Buick LaCrosse, and although it's been assumed since the Insignia's introduction that Saturn would receive the mid-size sedan, with that brand's future in doubt, GM may be trying to leverage more of its European assets in the States.

Source : http://www.autoblog.com/ (3/12/2009)


Commercial Vehicle Group Amends Credit Facility  
NEW ALBANY, Ohio, -- Commercial Vehicle Group, Inc. today announced it has entered into an amendment (the "Amendment") to its asset based Loan and Security Agreement (the "Credit Facility" or "ABL") with Bank of America, N.A. The Amendment eliminates the Company's first quarter 2009 operating performance covenant and changes its operating performance compliance requirements for 2009. The amendment also includes capital expenditure limitations for 2009, applicable interest rate adjustments and a temporary decrease in domestic availability.

"The national and global economies have placed additional pressures on our end markets over the past several months which has required us to revisit certain covenants within our Credit Facility," stated Chad M. Utrup, Chief Financial Officer of Commercial Vehicle Group. "Our collateral position combined with our minimal level of debt under the ABL has provided us with the flexibility to work with our lender during these challenging times," added Mr. Utrup.

The Amendment limits the amount of capital expenditures to $4.3 million in the aggregate from January 1, 2009 through June 30, 2009 and $9.7 million in the aggregate for the fiscal year ending December 31, 2009. The Amendment also requires the Company maintain a cumulative EBITDA (as defined per the Credit Facility) level as of the end of each month for 2009, commencing in April 2009.

In addition, the Company will be required to maintain domestic availability of at least $11.5 million until such time as a fixed charge coverage ratio of 1.0 to 1.0 is achieved for any fiscal quarter ending March 31, 2010 or thereafter, at which time the Company will be required to maintain domestic availability of at least $7.5 million at all times thereafter.

The Company paid approximately $0.4 million in one-time fees and related expenses for the Amendment and will pay an incremental 1.5% annual applicable margin on its outstanding borrowings.

Source : http://www.automotive.com (3/12/2009)


Volvo expects China sales up 10% in 2009  
Sweden-based Volvo Group aims to increase its car sales in China by over 10% this year as the country's auto market began to see signs of recovery boosted by the government's stimulus policies, Reuters reported on Thursday, citing a senior executive of the European automaker as saying.

The company expects its car sales in China to grow "way over" 10% this year from last year's less than 10%, said chief executive of Volvo Car China Alexander Klose, adding that the company now has more confidence in the Chinese auto market than that at the end of 2008.

China's monthly auto sales in January exceeded the U.S., becoming the world's largest auto market for the first time. In February, the country's auto sales grew 24.72% year on year to hit 827,600 units mainly due to the government incentives to boost the auto sector, according to data released by China Association of Automobiles Manufacturers (CAAM).

The year-on-year growth in February is the first one in four months since last October since the beginning of the global financial crisis.

Source : China Knowledge (3/12/2009)


BMW Heiress Gets Gigolo Thrown in Slammer for Blackmail  
MUNICH, Germany — Forty-one-year-old Helg Sgarbi has admitted to bilking a fabulously wealthy heiress in BMW's founding family out of millions — and trying to blackmail her with a tape of a liaison at a Holiday Inn. Sgarbi made a written confession that was read in court here. He was sentenced on Monday to six years in prison for the offense against her and other victims with less famous names.

The story has titillated readers in Europe for more than a year, ever since Susanne Klatten, granddaughter of Gunther Quandt and daughter of the late Herbert Quandt, went to the police with the allegations in January 2008. The Quandt family owns a controlling interest in BMW, which was acquired after World War I.

Klatten, married with three children, had an affair with Sgarbi that stretched across luxury resorts in Germany, Monte Carlo and elsewhere. She told police that Sgarbi threatened her with a videotape of one sexual encounter and said he would release it if she did not pay him the equivalent of almost $60 million in blackmail.

Sgarbi refused to say what he did with more than $12 million he had taken from her and other women he defrauded, nor did he turn over the video or other pictures.

Klatten holds a 12.5-percent stake in BMW and has been said to have personal assets of more than $13 billion.

Source : http://www.edmunds.com (3/12/2009)


Opel Insignia: Next Buick Regal?  
DETROIT — General Motors reportedly will rebadge the Opel Insignia as the 2010 Buick Regal and may send other future Opel designs to Buick rather than Saturn.

According to Automotive News, GM has decided to share some Opel models, including the Insignia sedan, with Buick, as it begins a phase-out of Saturn and explores the possible sale of Opel in Europe.

A version of the Insignia previously was slated to replace the Saturn Aura in 2010. The Saturn Astra also is sourced from Opel.

"Opel is one of the brands that we're going to look at in terms of future sourcing," Susan Docherty, vice president of Buick-Pontiac-GMC, told Automotive News. "In fairness, we've got to look at everything.

"I wouldn't want to make a statement that all future Buicks we do will leverage the Opel platform because that wouldn't be true. The Enclave didn't use Opel, nor did the new LaCrosse sedan. It's an avenue for us to explore, for sure."

Source : http://www.edmunds.com (3/12/2009)


VW's New Polo E-Flex Breaks New Ground in Brazil  
SÃO PAULO, Brazil — Volkswagen, breaking a 30-year tradition, has introduced a flexible-fuel version of the Polo with a new, gasoline-free cold-start system.

Ethanol-fueled cars have been around in Brazil since late 1979, and flexible-fuel gasoline/ethanol cars today account for 90 percent of local sales. But since their inception, these cars have been plagued by a sticking point: the tiny 0.7-liter gasoline reservoir up front that's necessary for cold starts.

Ethanol is hard to vaporize. The U.S. and Europe found a solution to this by blending gasoline with ethanol at a 15:85 ratio (hence the E85 label). But 30 years ago, the Brazilian energy authority took a different path by ruling in favor of E100 (pure ethanol) rather than E85, partly because average temperatures are higher in the Southern Hemisphere.

Above 57 degrees F, ethanol will vaporize and ignite normally. Below that, a small amount of gasoline must be injected in the intake manifold during cranking. This necessitates a rather awkward cold-start system under the hood consisting of a reservoir, an electric pump and one or two nozzles at the intake manifold level.

Honda was troubled in finding a suitable place for the system in the crowded Civic engine compartment when it introduced a flex-fuel version in 2007. The bizarre solution involved installing the system inside the front right fender, protected by a 5mm-thick naval steel structure to assure safety in accidents. The Fit followed, but for brand standardization purposes only, since it had the necessary under-hood space. But all this is history now.

VW last week introduced the 102-horsepower 1.6-liter Polo with E-Flex badge, which denotes the installation of a Flex Start system. It's a joint development with Bosch, consisting of a few measures to render possible cold starts at temperatures down to 32 degrees F, without any gasoline aid.

The system's main feature is the special fuel rail that heats the ethanol fuel, making it easier to vaporize. A control unit monitors temperature conditions and triggers the heating as soon as the driver's door is unlocked. Monitoring continues through the warming-up phase, thus assuring ethanol temperature high enough for good vaporization.

The Polo 1.6-liter E-Flex special series is the only VW so equipped thus far and retails for $19,895, about 15 percent over the regular Polo 1.6, yet compensated by the addition of air-conditioning, power steering, power windows, central locking, foglamps and a CD player with MP3 and USB connectivity, among other amenities.

Source : http://www.edmunds.com (3/12/2009)


Bugatti to unveil new model in September  
If you were disappointed by the Bleu Centenaire edition of the Veyron that Bugatti unveiled at the Geneva Motor Show this month to celebrate its 100th anniversary, you're not alone. Hopes were high that the long-anticipated higher-output version of the Veyron would be unveiled at the Swiss show. But fret not, at least if these latest reports are to be believed, as Bugatti is said to be preparing an altogether new car that will be unveiled in September.

Details are scarce at this point, but keen to stay ahead of the competition, Bugatti is said to be considering several options that would, figuratively speaking, fit into the same mold as the Veyron. That means another seven-figure, record-beating supercar, likely with an even more powerful version of the Veyron's thousand-horsepower, quad-turbo W16 engine. With Veyron production winding to a close, we could see a concept version of its successor at the upcoming Frankfurt Motor Show after the summer break, with the next Bugatti hitting the market in 2011 or 2012. The hope is by that time people might actually have the cash to blow on a new supercar.

Source : http://www.autoblog.com/ (3/12/2009)


Leaked document reveals Aston One-77 interior  
Automakers will typically come up with fantastic, attention-grabbing interiors for their show cars that never make it down the road from concept to production. But in the case of the One-77 supercar, Aston Martin has revealed the car in stages, with sketches followed by a partially-blanketed show car at the Paris Motor Show and a full mock-up, joined by a bare chassis at the Geneva Motor Show. And yet we've still seen no interior, conceptual or otherwise. However, a leaked document from those busy beavers over at Aston Martin-Lagonda has been published by Dutch auto site 925.nl, including several renderings of the vehicle's cabin.

Of course, these are still just sketches, but if they weren't for the concept car, then they're likely bound for production, and they look pretty sharp. They should for a $1.5+ million supercar. Along with the interior images, the document also details some of the structural elements and aerodynamic features of the car, which our man Sam already posted on in detail following his walk-around technical briefing with program manager Chris Porritt on the Geneva show floor. Follow the link to read the full PDF, or click on the images in the gallery below to see the concept renderings. Thanks to all who tipped in.

Source : http://www.autoblog.com/ (3/12/2009)


More Enjoyable Driving, Lower Fuel Consumption: Continental Introduces Its First...  
AUBURN HILLS, Mich -- Continental, the international automotive supplier, is expanding its product portfolio: after just three years of development work, the Powertrain Division's first turbocharger system for internal combustion engines has reached market maturity. The new turbocharger, designed to allow fully-automated assembly and consequently offering production quality and cost advantages, will be installed in a European vehicle platform's gasoline engines. According to Axel-Joachim Maschka, head of the Powertrain Division's Engine Systems Business Unit, "turbocharging gasoline engines is becoming ever more important since it is the only way to downsize engines, which is essential if we are to reduce fuel consumption."

The turbocharger growth market: smaller, supercharged engines reduce CO2

In addition to employing light-weight design, hybrid drives and optimized injection systems, automotive industry development engineers are relying on developing smaller internal combustion engines in order to achieve their ambitious targets of significant reductions in vehicle fuel consumption, and thus of carbon dioxide (CO2) emissions, in the next few years. Whereas diesel engines have been turbocharged for years, most gasoline engines have so far operated on the induction principle, i.e. the air required to combust the fuel in the cylinders is ducted into the engine from outside. In a turbocharger, a compressor forces the air at high pressure into the combustion chambers. The compressor is driven by a turbine which is turned by the engine's exhaust gas energy. In contrast to the traditional mechanical compressor, the turbocharger makes use of the engine's exhaust gas energy. In this way, significantly greater power can be achieved from engines of considerably smaller cubic capacity and, at the same time, consumption can be reduced. Furthermore, the engine benefits from greater torque or, in other words, more tractive power which drivers regard as a decisive criterion for the vehicle's performance. "This quality leap is comparable with that from the sluggish naturally aspirated diesel engine to the supercharged direct injection diesel engines," comments Udo Schwerdel, who is responsible for the development. "The combination of small cubic capacity, direct injection and optimized valve timing allows the engine to operate within ranges which are thermodynamically highly efficient." Drivers will experience these advantages in the form of favorable fuel consumption figures, approaching those of today's diesel engines.

Fully-automated assembly delivers quality and cost advantages

The turbocharger was developed in the record time of just three years at Continental's two sites in Grunstadt/Rheinland-Pfalz and Regensburg/Bayern. The 38 millimeter diameter turbine turns at some 240,000 revolutions per minute, i.e. 4,000 revolutions per second, in the exhaust flow which can reach 1050 degrees. In order to prevent excessive charge pressure at high engine power, the turbocharger is fitted with a wastegate. This valve, also known as a bypass, ducts the exhaust gases past the turbine if the engine power would otherwise drive the turbine beyond its design limits and cause the turbocharger to operate at excessive speed and the charge pressure to rise too greatly. An overrun air recirculation valve on the compressor side prevents compressed air forcing its way back into the turbocharger's compressor housing and slowing the compressor turbine wheel whenever the exhaust manifold flap is closed, something which could lead to the turbocharger being damaged over time. Continental has used an innovative production method for its turbocharger. All the main components have been designed for fully-automated assembly along a single axis, whereas conventional turbochargers have to be put together in several stages, partly by hand. Fully-automated assembly delivers quality benefits through lower defect rates; it also produces cost benefits and both are important in view of the fact that these turbochargers are to be installed in high-volume model series. In addition, the design concept allows for generously proportioned cooling ducts in the bearing housing which is highly advantageous, especially for small turbochargers for gasoline engine applications at exhaust-gas temperatures of over 1,000 degrees Celsius. Other features of the turbocharger are its sturdy design, reliability and outstanding thermodynamic properties. Thanks to its modular design, the turbocharger is very largely scalable and can be easily adapted for installation in other engine sizes.

It was strategic and technical considerations that caused Continental to start with development of this small turbocharger first. Early market analysis led to the conclusion that almost all engine manufacturers were focusing on developing small supercharged gasoline engines and that there were excellent opportunities for growth in this segment in the next few years.

Series production in Trutnov

Series production of Continental's turbocharger will start 2010/2011 at the Trutnov plant in the Czech Republic. Production is scheduled to increase rapidly and reach two million components by 2014. The plant, which presently has a workforce of approximately 400, mainly manufactures high pressure fuel pumps.

With sales exceeding euro 24 billion in 2008, the Continental Corporation is one of the top automotive suppliers worldwide. As a supplier of brake systems, systems and components for the powertrain and chassis, instrumentation, infotainment solutions, vehicle electronics, tires and technical elastomers, the corporation contributes towards enhanced driving safety and protection of the global climate. Continental is also a competent partner in networked automobile communication. The corporation employs nearly 140,000 at approximately 190 locations in 35 countries.

The Powertrain Division integrates innovative and efficient system solutions for vehicle powertrains within the automotive supplier Continental AG. These systems increase performance and driving comfort while at the same time lowering consumption and emissions. As a partner of the automotive industry, the division develops and produces a comprehensive range of products at more than 60 sites around the world. These include gasoline and diesel injection systems, engine management, transmission control and fuel supply systems as well as components and systems for hybrid drives. The division generated revenue in excess of euro 4 billion in 2008 and currently has around 25,000 employees.

Source : http://www.automotive.com (3/12/2009)


Think Announces U.S. Factory Plans  
ANN ARBOR, Mich -- Norway's pioneering electric car maker, Think, plans to open a new manufacturing plant and technical center in the United States. The company is currently in discussions with eight states, including Michigan, hoping to host the facility, which will initially employ about 300 workers with a starting capacity of 16,000 cars per year. The technical center will provide jobs for another 70 engineers and electric drive specialists. Plans ultimately call for up to 900 employees and a capacity of 60,000 electric vehicles per year.

"The U.S. is quickly overtaking Europe as an attractive market for EVs and is an ideal location to engineer and build EVs," said Think CEO Richard Canny. "We see ourselves playing a small but potentially growing role in re-inventing the U.S. auto industry by bringing back new manufacturing jobs to the U.S. to replace internal combustion engine vehicles that are expensive to operate and maintain with clean, efficient electric vehicles."

The plant will build the innovative TH!NK city, a sophisticated, high-tech compact electric vehicle recently nominated for England's prestigious Britt Design Award. The all-electric car can travel up to 112 miles on a single charge. The car is designed, engineered and produced to have the lowest possible carbon footprint with recyclable plastic body panels and a fully recyclable interior. U.S. production is expected to start in 2010, with the first-year volume of 2,500 units being available to pilot and demonstration fleet projects.

Canny and other officials from the company's subsidiary, Think North America, are in Ann Arbor this week meeting with representatives from the state of Michigan and seven other states to discuss options to bring electric vehicle manufacturing jobs to the U.S. The program includes a ride-and-drive event with the production level version of the TH!NK city electric car presently on sale in Europe.

Think North America also plans to apply for low-interest loans from the U.S. Department of Energy's Advanced Technology Vehicle Manufacturing program, which was created in 2007 to help develop U.S. production capabilities for the highly fuel-efficient vehicles needed to meet long-range energy security and environmental challenges.

Think is also collaborating closely with battery makers Ener1, Inc. and A123, which are already under contract to supply compact, high-powered lithium-ion power systems for the TH!NK city. The two companies are part of a growing U.S. supply chain serving the electric vehicle and plug-in hybrid car markets.

"We're seeing a whole new system of suppliers and producers taking shape in this country to create a new high-tech manufacturing base," said Ener1 CEO Charles Gassenheimer. "Having an important partner like Think here will help us continue to push the technology and develop this new industry even more quickly. It's also going to give us an edge against our overseas competitors."

Canny also welcomed Kleiner Perkins as a shareholder in Think Global. Kleiner Perkins partner, Ray Lane, expressed his support for Think's increased emphasis on the North American market.

"Electric vehicles like the TH!NK city represent an opportunity for the U.S. to become more energy independent," said Rockport Capital Partners Co-Managing Partner Wilber James. "Based on the production rate of 30,000 electric vehicles per year, the TH!NK city fleet would replace 900 million gallons of oil over ten years."

"The auto industry is poised for a revolutionary transformation enabled by fundamental advances in power electronics and battery technologies," said Dr. Jim Lyons, CTO of Think NA and partner at Novus Energy. "EVs are inherently simpler and cleaner as exemplified by the TH!NK city - a next generation solution to urban mobility."

Source : http://www.automotive.com (3/12/2009)


ThyssenKrupp Tallent Ltd. Adopts Altair's HyperWorks Enterprise Simulation Solution...  
TROY, Mich -- Altair Engineering, Inc., a leading global provider of technology and services that empower client innovation and decision-making, announced today that ThyssenKrupp Tallent Ltd. has adopted the HyperWorks CAE platform as an enterprise simulation solution for design, optimization and virtual manufacturing of their automotive chassis components. The flexibility of HyperWorks has proved instrumental in the design of chassis components, subframes and suspension arms in which optimization has been used throughout to improve component performance while maximizing efficient material utilization. ThyssenKrupp Tallent's HyperWorks decision has also allowed them to take full advantage of Altair's HyperWorks Enabled Partner Program. As a new HyperWorks Enabled Community Member, ThyssenKrupp Tallent has access to participating partner solutions including nCode's DesignLife, their preferred fatigue analysis solution, directly from their existing HyperWorks licence pool at no incremental cost. This not only improves operational efficiency through reduced software licensing cost and administration, but also demonstrates the power of the HyperWorks licensing system in a challenging and highly competitive global market. www.enterprisecae.com.

In addition to adopting HyperWorks, ThyssenKrupp Tallent Ltd. works closely with Altair ProductDesign, Altair's product development division, to create process templates to automate the design of optimal structures. The result of this cooperation is ThyssenKrupp's unique eDICT system, which, when combined with HyperWorks, has allowed ThyssenKrupp Tallent Ltd. to increase productivity and deliver lighter products to their clients in much shorter timescales.

"We see an increasing need for optimization tools within the automotive industry," said Adrian Chapple, Analysis Supervisor at ThyssenKrupp Tallent Ltd. "Cars have to become lighter due to new laws concerning CO2 emission and the need to reduce fuel consumption. The use of advanced optimization techniques helps to eliminate parasitic mass -- potentially avoiding considerations of exotic materials or processes which may add cost or risk to the program. In Altair, we see a partner that can help us to meet those requests. By using HyperWorks we are able to define an optimized component before we build the geometry of a model in our CAD system. Using this approach we have reduced the mass of certain components by up to 25% compared to a conventional design. We have also benefited greatly from the HyperWorks Enabled Partner Program because it gives us access to additional products at no additional cost and helps us to reduce development time. These benefits we can pass on to our customers."

"Our analysts find the HyperWorks platform is very easy to use and the HyperMesh interface enables them to build a full geometry model up to an initial design," adds Tom Larsen, Design Manager, ThyssenKrupp Tallent Ltd. "In companies such as ours, the design and analysis functions are linked closely together. Where the market demands a quick response to a study and the product requirement is primarily structural, it is important to have the analysis tools that enable the engineer to present a solution, not just a result. Thanks to the ThyssenKrupp eDICT solution, we can look at the entire design and development process, up to checking the feasibility of a design for production, within one software package. The software built around the HyperWorks suite allows us to bring our products to market faster with a 'right-first-time approach'."

"Weight optimization is key in all industries, but especially in the automotive industry where OEMs are looking to optimize every single component in a vehicle to come to the lightest and best possible result," said Maurice Linscott, Regional Director, Altair Engineering, UK. "With the open architecture of HyperWorks coupled with our partner products in the HyperWorks Enabled Partner Program and the support of Altair ProductDesign, automotive OEMs and suppliers such as ThyssenKrupp Tallent Ltd. have a complete solution to handle all relevant simulation tasks for developing their products in a timely and cost effective manner."

Source : http://www.automotive.com (3/12/2009)


TVS Motor converts loan to subsidiary to equity  
TVS Motor Company has converted a loan of Rs 18.50 crore that it gave to its wholly-owned subsidiary, Sundaram Auto Components Ltd, last year, into equity.

TVS Motor announced to the stock exchanges that it would get 37 lakh equity shares in SACL at Rs 50 a share. Upon enquiry, it was learnt that TVS Motor is making no fresh investment; it is only a conversion of last year’s loan into equity.

Sources said that SACL, which produces plastic and rubber components for automobiles, has also been hit by the slowdown and would find payment of interest difficult. Even if it could pay, the interest turns up as income in TVS Motor’s books, giving rise to an incidence of tax.

TVS Motor also announced that Mr R. Ramakrishnan has joined the company’s board of directors as a non-executive member of the board, filling a vacancy caused by the resignation of Mr Gopal Srinivasan.

Mr Ramakrishnan was earlier a dealer of TVS Motor Company. He is on the board of PT TVS Motor Company Indonesia, TVS Motor’s arm in Indonesia.

Source : Business Line (Online Edition) (3/13/2009)


Toyota Motorsports Notes - NASCAR Sprint Cup Series - March 12, 2009  
NOTES & NUMBERS: Toyota Camry drivers have recorded one win (Kyle Busch, Las Vegas), four top-fives and eight top-10 finishes through four 2009 NSCS races … This weekend marks the first NSCS off-weekend and many Camry drivers have distinctly different plans … Michael Waltrip will join actor Jason Lee and the cast of 'My Name is Earl' for a guest spot on the NBC hit series … Kyle Busch, who races just about anything with four wheels, is going to escape the urge to go to the racetrack and visit Park City, Utah -- home of the 2002 Olympic Games … Scott Speed will attend the NHRA event in Gainesville, Fla., with fiancé Amanda Mathis, to watch her brother Matt Smith and father Rickie Smith race. Matt is the 2007 NHR A Pro Stock Motorcycle champion, has 10 career NHRA wins and will be running for Don Schumacher this year. Rickie is a seven-time IHRA champion with over 50 race wins and will look to bring home a trophy this weekend in the NHRA Pro Modified class.

BRIAN VICKERS, No. 83 Red Bull Toyota Camry, Red Bull Racing Team Are you happy with the way your team has performed to start the season? "The No. 83 team has gotten off to a good start this season. We are coming off three top-10 finishes in a row. Had we not been wrecked in Daytona, it would have been even better. We have overcome a tremendous amount of adversity so far to get to where we are. I'm so proud of this team -- they never give up. It's a relief to be sitting 11th in points going into the off-weekend. Next week it is back to work -- we don't want to lose focus or the momentum that is on our side right now."

KYLE BUSCH, No. 18 M&M's Toyota Camry, Joe Gibbs Racing Do you think you've become the new face of NASCAR with all of your recent accomplishments? "Me being the face of NASCAR isn't what I'm looking for -- I'm just looking for reasons to fill up the record books and everything I guess, and put my name in it as many times as I can. It will still go on even when I'm not here later. We've proven that fact with a bunch of other drivers that have made this sport what it is today. I'm just fortunate enough to be another one of those guys to be a part of it."

MICHAEL WALTRIP, No. 55 NAPA AUTO PARTS Toyota Camry, Michael Waltrip Racing Are you excited about taping an appearance on 'My Name is Earl' this during your off-week? "I am proud to be a part of this show as it always tells a great story about Earl's need to do good things for people. How he gets to the resolution is absolutely hilarious. This experience is going to be a lot of fun for me. I play myself and I help Earl and his brother Randy get out of a big jam."

DAVID REUTIMANN, No. 00 Aaron's Dream Machine Toyota Camry, Michael Waltrip Racing How will you spend your off-weekend? "It's something I'm certainly not used to having. The last two years I've run Nationwide races and stuff, and from the time you started Daytona there was never any time off until Homestead, so it's going to feel quite odd for me to have any kind of time off. We're going to go test at a couple small race tracks and try to get ready for Martinsville. We have a new generation car that we're going to try to run some laps on and see what it has to offer. Just because we won't be racing on the weekend doesn't mean we won't pick up the pace and run a couple places test-wise to try to evaluate our program in some different areas, sit down and see what we've got. As far as me having a weekend off, I'm thrashing around trying to get my dad's (Buzzie Reutimann) dirt car ready so he can start the season. I need this weekend off so I can finish his car so he can come get it and stop calling me every two days wanting to know where his car is."

MARCOS AMBROSE, No. 47 Kingsford Toyota Camry, JTG-Daugherty Racing What are your plans for the off-weekend? "I'm just going to hide for a while with the kids and try to have a good time."

SCOTT SPEED, No. 82 Red Bull Toyota Camry, Red Bull Racing Team How will you spend your off-weekend? "Amanda (Mathis, fiancé) and I are going to Gainesville (Fla.) this weekend for the NHRA (National Hot Rod Association) race. Amanda's dad (Rickie Smith) and brother (Matt Smith) are both racing down there so we are going to check out a different form of racing this weekend."

NASCAR Nationwide Series (NNS) NOTES & NUMBERS: Toyota Camry drivers have recorded one win (Kyle Busch, California), five top-fives, 10 top-10 finishes and have led 188 laps through three 2009 NNS races … This weekend will be the second consecutive off-weekend of the season for the Camry teams and two Toyota drivers are enjoying time as new fathers … Michael McDowell and his wife Jami welcomed their first child, a son Trace Christopher McDowell on Feb. 25, who was named in honor of Michael's mother Tracey. Trace weighed in at 7 lbs., 7 oz. … Braun Racing's Burney Lamar and model wife Niki Taylor, welcomed daughter Ciel Taylor Lamar on March 4. She weighed in at 7 lbs., 8 oz.

BURNEY LAMAR, No. 32 Dollar General Toyota Camry, Braun Racing What is it like being a new father? "This past week has been just great. I love everything about my daughter. She smells so good. And, this is going to sound funny, but even her breath smells good when she cries. And her crying is the cutest thing ever. She makes the sweetest faces. She is absolutely perfect. I just love everything about her. I know you hear about some dads not changing diapers, but not me. I am trying to just spend as much time with her and do everything I can right now -- even the diapers! She has been a great baby. She sleeps well so far, only up two of the five nights. We actually have to wake her up to feed her. Well, my wife does actually. I have to admit, she has the night shift. And the clothes! Putting clothes on a couple day old child is the coolest thing! She is so small and the clothes are so tiny. It is just amazing!"

MICHAEL MCDOWELL, No. 47 Tom's Toyota Camry, JTG-Daugherty Racing What is it like being a new father? "The best way to describe it was when I came home from Vegas, when I had left for that race they were still in the hospital, and when I came home they were already home. It was like I got home and there was an addition to our family that's cut into some sleeping time. It was a little surreal, but my wife Jami and I are enjoying spending time with Trace. Actually, the timing couldn't be better with having two weeks off because I can spend time with them and then come next week, go back to the track to go racing again."

NASCAR Camping World Truck Series (NCWTS) NEWSWORTHY: Toyota Tundra drivers have recorded three wins (Todd Bodine, Daytona; Kyle Busch, California and Atlanta), 11 top-fives, 18 top-10 finishes and have led 203 laps through three 2009 NCWTS races … Busch's win at Atlanta marked his 25th victory in a Toyota (nine NSCS wins, 11 NNS wins and five NCWTS wins) … In each of the first three events of 2009, there have been six Tundras finishing among the top-10 … Bodine (first and two seconds) and Busch (second and two firsts) have the best results in 2009 … Later this week, Tundra driver Mike Skinner will host the third annual 'Toyota Skinner Round-Up' in Daytona Beach, Fla. … The event will include a golf tournament, poker tournament, auction and concert with appearances by NFL stars Randy Moss and Jim Kelly, musical artists Stacy Mitchhart and Edwin McCain, daredevil Robby Knievel, NASCAR's Betty Jane France, and NASCAR drivers A. J. Allmendinger, Boris Said, Rick Crawford, Ron Hornaday and Steve Park.

MIKE SKINNER, No. 5 Exide Batteries Toyota Tundra, Randy Moss Motorsports Are you looking forward to your charity event this week in Daytona? "We are really excited about it, especially with everyone struggling right now and trying to get back to normal life and we've been very, very blessed. Halifax Health is helping and of course Toyota is our biggest supporter. We are blessed to have people like Lee White (Toyota Racing Development, president and general manager) and Ed Laukes (Toyota Motor Sales, corporate manager of motorsports marketing) come down. As much traveling that these guys do to take time out of their busy schedules to come and be a part of it just means a whole lot to us."

How did you start this charity event? "We participated in it for years and it was somebody else putting the golf tournament on and they hung my name on it. It was neat and Angie (Skinner, wife) just decided she wanted to do it and take it in so that way we were in control of where the money went and what charities get the money. We're very much into helping the elderly, helping animal rescue, education and the local hospitals. It's a feel good thing for us. We're very blessed that we get to live the life that we do and get to do what we do for a living. It's pretty awesome to be able to give something back. Halifax Health helps a lot and the (Daytona International) Speedway -- Robin Braig (president) has given us his speedway basically to do this. We also get the Fan Zone which we will have one of the Exide Tundras there in victory lane for people to get their picture taken and an autograph. The boss, Randy Moss is even coming."

Source : http://www.theautochannel.com (3/12/2009)


GM's Saab says eyed by group of Swedish investors  
STOCKHOLM - General Motors' Swedish unit Saab Automobile said on Thursday a group of Sweden-based investors had shown interest in the company.

"I cannot disclose who they are. But I can confirm that there is a group of investors in Sweden which has shown interest," Saab spokesman Eric Geers told Reuters.

Geers said the loss-making carmaker, whose U.S. parent has said it will sever ties to the brand, was being courted by six to eight "very large" companies in total.

Earlier on Thursday Saab said it had given 750 employees at its Trollhattan plant notice of redundancy.

Source : Reuters (3/12/2009)


Drivers Still Covet Win At Darlington Raceway  
Darlington: Darlington Raceway was the site of the latest Goodyear tire test today with four teams, one from each manufacturer that competes in the NASCAR Sprint Cup Series, taking to the track.

Bobby Labonte, Kevin Harvick, Elliott Sadler and Denny Hamlin began testing Tuesday afternoon with Goodyear engineers on the two-year old surface at Darlington.

All four drivers gave the track good reviews and talked about the importance of winning at Darlington Raceway.

“Well obviously this is a very historic race track that we go to,” said Kevin Harvick. “It still has a lot of the characteristics that it’s had for a number of years so to come here and race as a driver in NASCAR, I think that’s something special to everyone in the garage. This is an exciting place for us to race at and to win would be really cool. We’ve been close a couple of times and it would be nice to finally win one.”

“This is a place I got to come to as a kid and watch races because it is not far from where I grew up so to come here and have a chance to win this race is a dream come true,” said Elliott Sadler. “I love that we race here, I’m glad it’s a night race, it’s a great event for us and since we only come here once a year we put a lot of effort into running well here because Darlington is still a huge cornerstone in our sport and represents where we’ve been and how far we’ve come.”

“They repaved the track last year and you hated to see it in one way but they did a great job and it’s still the same Darlington,” said 2000 Southern 500 winner Bobby Labonte. “Speeds have picked up, the surface is smoother but the racing is still great and it still means the same thing to win here.”

“Darlington is a great racetrack for me, I always run well here,” said Denny Hamlin who has won twice at Darlington in the NASCAR Nationwide Series. “It’s a great race track, I love running here and it’s got so much history. You hated to see it get paved but they did a great job doing it and it still promotes great racing. It’s a great track with great history and you love to win here no matter what car you are in.”

Darlington Raceway or the track “Too Tough to Tame” as it is known to many, is where the purest of NASCAR competition meets true southern hospitality. A NASCAR staple since 1950, Darlington Raceway has seen some of motorsports most talented drivers thunder to Victory Lane. In 2009 a NASCAR tradition, the Southern 500®, will return as Darlington Raceway celebrates 60 Seasons of Racing.

Source : http://www.theautochannel.com (3/12/2009)


Andrew Aquilante to Race Phoenix Performance Z51 Corvette in World Challenge GT at Sebring  
PHOENIXVILLE, Pa.: Phoenix Performance, Inc. and driver Andrew Aquilante will debut a 2008 C6 Z51 Corvette in the SCCA Pro Racing SPEED World Challenge GT race at Sebring (Fla.) International Raceway on Friday, March 20.

No stranger to Corvettes, Andrew drove a Phoenix Performance Z51 Corvette to the Touring 1 Class National Championship at the 2007 SCCA National Championship Runoffs, a drive which earned the then-20-year old the coveted SCCA President’s Cup. He has also raced Corvettes in the Grand American Rolex GT series in 2008 and in SCCA National Club Racing since 2004, winning numerous SCCA National Club Racing Divisional titles in Touring 1.

“Like other Corvettes in the World Challenge GT series, our car is a modified production C6 Corvette,” Phoenix Performance, Inc. Owner Joe Aquilante said. “But unlike the other Corvette teams, which use full bore race engines, we will use the current production-based 6.2 liter LS3 ‘crate’ engine. This engine is used by many of our customers for track days and club racing events. What we learn about it in World Challenge will be made available directly to our customers.

“The SPEED World Challenge GT category has the potential to become an even greater racing series. I’m happy they’ve created an equitable rules package which gives a grass roots team like ours a chance to race and be competitive at a more reasonable cost. The shorter sprint race format focuses on the driver and makes for a great TV show.”

Practice on the world-famous 3.7-mile Sebring circuit is Wednesday, March 18. Qualifying is Thursday, March 19. The 50-minute race is Friday, March 20 at 4:55pmET and will be televised by SPEED TV for airing at a date to be announced.

Sponsors for the Phoenix Performance Z51 Corvette include Rockland Standard Gear, Automotive Racing Products, Hawk Brakes, Quarter Master and Ron Davis Radiators.

Behind the pit wall, Phoenix Performance has merged the company’s technical staff on the Z51 Corvette project. The crew includes Klevis Prifti, Jason Lang, Matt Smith, Jeanne Aquilante, Mark Giusti, Chris Boughter, Kurt Omensetter, Chuck Montague, Jeff Parsons, and Drew Spoto.

Source : http://www.theautochannel.com (3/12/2009)


Legendary Drivers and celebrated Corvette Racers to be reunited at the Houston Classic Auction.  
Houston March; Worldwide Auctioneers has today confirmed that Corvette racing legends, Dick Guldstrand and Delmo Johnson, will be reunited with some of the celebrated race cars that contributed to their success on the track, at the Houston Classic Auction on May 2nd. “We are honored that these gentlemen, whose careers have been so synonymous with the evolution of the Chevrolet Corvette as a racing icon, will be joining us at this year’s Houston Classic Auction”, said John Kruse, Managing Partner. “We are equally delighted to welcome the daughter of another racing hero, Herb Caplan, who in the spirit of the occasion will be wearing her parents racing overalls on the day, alongside her husband”.

All will be in attendance in Houston, as the “8 ball Cobra killer”, a singular 1965 Roadster owned and raced by Herb Caplan alongside Dick Guldstrand and later used by the pair as an experimental test bed and the ex- Alan Sevadijian, John Mecum 1967/74 Chevrolet Corvette “Delmo Johnson” Race Car cross the block. Also going under the hammer is the acclaimed ex-Bob Mouat 1957 Chevrolet Corvette COPO Race Car, successfully competing straight out of the showroom to become one of the most extensively raced and documented ’57 Corvette race cars of all time.

These iconic Corvettes will join a significant selection of American sports and muscle cars on stage at the Houston Classic Auction, including an awesome 1969 Shelby GT 500 SCJ Drag- Pack Fastback, concours restored 1969 Ford Mustang Boss 429, four-speed 1968 Shelby GT500 KR Convertible and 1968 ½ Ford Mustang R Code, to be offered without reserve. Enthusiasts will also get the chance to enhance their collection with the addition of “Burt’s Bandit”, a 1978 Pontiac Firebird Trans Am, as immortalized in the movie Smokey and the Bandit, currently the property of Mr. Burt Reynolds and titled in his name.

Quality consignments are still invited and may be discussed with either Rod Egan, Managing Partner and Chief Auctioneer, or John Kruse on 1-260 927 0000.

Held in conjunction with the fourteenth annual Keels and Wheels Concours D’Elegance, the Houston Classic Auction is on Saturday May 2nd 2009 at the Lakewood Yacht Club in Seabrook, Texas. Further details regarding any current consignment may be discussed with either Rod Egan or John Kruse on 1-260-927-0000. Full information on the sale, admission and advance bidder registration can be obtained by calling 1-260-927-0000 or visiting www.wwgauctions.com. Media and sponsorship enquiries should be directed to Jo Snyder on 1-512-507-7867.

ABOUT THE COMPANY. Established by John Kruse and Rod C. Egan, Worldwide Auctioneers is a consequence of the passion for and lifelong dedication to the collector car industry that both have made. One of the world’s premier auction houses, their specialty is the procurement and sale of some of the world’s finest automobiles and vintage wooden watercraft. Worldwide Auctioneers is committed to facilitating the transfer of assets in a manner that positively benefits all parties involved.

Source : http://www.theautochannel.com (3/12/2009)


VeloceToday Italian and French Car Enthusiast Web Site Welcomes Contributor Larry Crane  
Williamsburg, VA.: Italian and French Car Enthusiast web site VeloceToday.com has announced that automotive aficionado Larry Crane will now be a regular contributor to the site. “Larry is a wonderful addition to our team of veteran writers. He has incredible knowledge about classic French and Italian cars based on years of direct experience with them,” says Publisher and Editor Pete Vack. Since 2002, VeloceToday.com has been delivering weekly exclusive feature articles and news about Italian sports and exotic cars. It was one of the first niche automotive web sites to attract serious collectors and enthusiasts. Vack explains, “We have approximately 15,000 devoted subscribers who receive new feature articles written by experts such as Larry Crane by email. Our daily and monthly traffic continues to grow on a regular basis as people continue to spread the word.”

Crane is no stranger to the world of automotive journalism. His background includes hundreds of feature articles and art layouts for print media giants Motor Trend, Automobile and Road & Track. He also edited and designed Steve Earle’s Vintage Racer magazine and competed in the Mille Miglia Storica in Italy. For over 30 years Crane has experienced exotics cars both on and off the track. His artistic talents won him the opportunity to design and paint five of the famed Monterey Historic Automobile Races posters. Most recently, Crane was editor of AUTO Aficionado magazine which focused on "collector cars, new and old" including historic car races, tours, rallies, auctions and Concours d’Elegance events. “I can’t deny my passion for French and Italian cars and I welcome the opportunity to share my experiences and stories from my racing and motoring career with the readers of VeloceToday.com.” Crane’s “A Car Life” weekly features are already a huge success.

In early 2008, VeloceToday.com made a decision to add a French car theme to the existing Italian-only focus. Vack explains, “Ironically, it was our Italian car enthusiasts that wrote us on a regular basis asking that we add French car topics--the two just go hand in hand.” With veteran contributors lending their expertise from around the world, VeloceToday.com has successfully fused two passions into one central location on the web site. Readers and subscribers continue to remark about the great articles every week that include details of both French and Italian cars, their history and related events. Subscriptions are free of charge to enthusiasts.

Source : http://www.theautochannel.com (3/12/2009)


Tata Motors ties-up with State Bank of Mysore  
In order to provide an added facility of car finance to its customers, Tata Motors has tied up with State Bank of Mysore for financing its range of passenger vehicles.

This tie-up will provide a single window for both cars as well as car loans and will make car buying easier for the customers.

The bank has pan India presence with about 673 branches spread all over the country. This facility will be available at all branches of State Bank of Mysore and 329 sales touch points of Tata Motors.

State Bank of Mysore offers car loans up to 85% of the on road price of the car, for tenure ranging up to 7 years, at a very competitive rate.

Shares of the Tata Motors gained Rs 5.3, or 3.88%, to trade at Rs 142. The total volume of shares traded was 473,365 at the BSE (1.05 p.m., Thursday).

Source : myiris.com (3/12/2009)


Maruti Swift embraces sales mark of 1-lakh units in FY`08-09  
Maruti Suzuki`s premium hatchback Swift has clocked sales of 100,000 units in 2008-2009, the fastest by any model in the highest-selling A-2 segment, reports Business Line.

The model would be a new member in the 1-lakh club that so far included Alto, Wagon R, Santro and Indica.In the launch year, the company had managed to sell only 53,000 units.

Shares of Maruti Suzuki gained Rs 29, or 4.46%, to trade at Rs 679.70. The total volume of shares traded was 189,152 at the BSE (12.48 p.m., Thursday).

Source : myiris.com (3/12/2009)


Lotus Evora Meets Trivett Sydney  
SYDNEY, AUSTRALIA –: Lotus Cars has officially found its new Sydney home, teaming with the highly reputable Trivett Group, Australia’s largest premier automotive dealer, located in the heart of Sydney’s CBD.

The stunning new Lotus Evora continued its global tour with an exclusive preview evening at Trivett Lotus Sydney to a select group of 250 guests, VIP and media, before its official release planned for Spring 2009.

Unveiled for the first time in the southern hemisphere at the Melbourne Motor Show two weeks ago, the Evora proved to be a star of the show, with tremendous interest and a significant number of expressions of interest taken for the high-performance 2+2 sports coupe.

The Trivett Lotus Sydney reveal evening took place on Wednesday 11th March and was hosted by Greg Duncan (Executive Chairman - Trivett Group) and John Startari (Managing Director - Lotus Cars Australia) who welcomed an array of guests including existing and prospect Lotus customers alongside many high-profile Sydney based personalities.

A range of Lotus vehicles were on display during the evening, from the entry level Elise S priced at $69,990 to the Lotus 2-Eleven track vehicle, and spearheaded by the new Lotus Evora which offered the ideal launch platform for the Lotus and Trivett partnership

The Trivett Lotus Sydney showroom places Lotus in front of thousands each day at the 52-58 William Street, Sydney premises and is now in full operation.

Jonathan Stretton, General Manager Lotus Cars Australia, has welcomed Trivett into the Lotus dealer family: "In the lead-up to the major launch of the Evora, it's both appropriate and encouraging that Lotus will be working in Sydney with such a professional and highly regarded organisation such as Trivett.

“Being located alongside Bentley in the William Street Showroom is prime positioning and, with Lotus offering a balance between sports and performance, it is a harmonious addition to complement Trivett’s existing brands”

Greg Duncan, Executive Chairman said: "Trivett is delighted to represent Lotus in Sydney. We are proud to again represent Lotus in this market after doing so over a decade ago. It is fitting that as we celebrate 25 years of prestige motoring in 2009, we are reunited with such a dynamic brand that has been a part of our past - and will now be a part of our future.

"However, I can assure you that we don't only measure our success by the brands we represent. Our success comes from achieving customer loyalty - and we work hard in every business to ensure we earn it every day. We remain committed to representing the world's finest motoring brands simply because Trivett customers expect more choice." said Duncan.

The Trivett Group stable includes 15 brands such as Rolls-Royce, Aston Martin, Bentley, Harley Davidson and Bugatti employing a staff of more than 500, proving 'prestige motoring' really is about the company you keep.

The Trivett Group currently sells over 7000 vehicles every year with a turnover of half a billion dollars.

Source : http://www.theautochannel.com (3/12/2009)


JLR to get 27 mn pounds from UK Govt for producing new car  
LONDON: Tatas-owned Jaguar Land Rover will be getting about 27 million pounds from the UK government for production of a new greener car model.

"Jaguar Land Rover is looking to invest some 400 million pounds in the project that would help safeguard jobs and lead to the production of a new greener model," the government said in a statement on Wednesday.

Business Secretary Lord Mandelson on Wednesday said that the government would provide up to 27 million pounds to Jaguar Land Rover for the production of an all-new car based on Land Rover's LRX Concept.

The funds to the tune of 27 million pounds for the greener car model would be given under the Grant for Business Investment scheme.

According to the statement, this is separate from the 2.3 billion pounds worth Automotive Assistance Programme.

The vehicle would be designed, developed and produced in the UK, securing production and employment at the company's Halewood facility, where it would be built.

"The project would secure production and employment at the Halewood facility and maintain the design capability for Jaguar Land Rover in the UK. This is an important investment for the future and we are delighted to be able to offer this grant support," Mandelson said.

Source : Economic Times (3/12/2009)


Nano may find it tough to enter Europe: Audi  
INGOLSTADT/GERMANY: Tata's small car Nano may not be able to enter Europe due to stringent safety and emission norms, leading German luxury carmaker Nano in pics Audi said joining the list of auto players, who are sceptical about the prospects of the world's cheapest car.

Nano has always elicited sharp reactions from rival carmakers, including Maruti Suzuki, about its compatibility with safety norms, which Tata Group Chairman Ratan Tata has been challenging.

"Entering (by any model) the US and European market is very tough due to very stringent security and consumption regulations. Many Chinese carmaker had earlier tried to enter Europe, but could not as they faced problems," Audi AG Member of the Board (Finance and Organisation) Axel Strotbek said here.

Asked if Nano could also face such difficulties in entering into Europe, he said: "Yes ... I don't think it will come here."

Axel said that safety, fuel efficiency and emission norms are very important for the European customers, "which I am very apprehensive of getting in this price (Nano's price)".

Source : Economic Times (3/12/2009)


Honda launches advanced version of Accord  
GREATER NOIDA: Carmaker Honda Siel Cars India on Thursday launched an advanced version of its premium sedan Accord with a 3.5 litre i-VTEC engine, priced between Rs 24.8 lakh and Rs 25.35 lakh (ex-showroom, Delhi).

The new car would be available in two variants -- Accord V6 3.5 and Accord V6 3.5 Inspire -- and comply with Euro IV emission norms.

The company, however, expects that the demand for the old Accord would be higher than the new one.

"We expect the sales of earlier version of Accord with 2.4 litre engine in higher numbers than this new Accord," Honda Siel Cars India (HSCI) Vice-President (Marketing) Jnaneswar Sen told reporters here.

The existing Accord comes with a 2.4 litre engine that generates 180 horsepower. The price of the car starts at Rs 16.72 lakh (ex-showroom, Delhi).

The company, which is present in India through a joint venture with the Siel Group, claimed that the new Accord would give a mileage of 10 km per litre as per Automotive Research Association of India conditions.

Source : Economic Times (3/12/2009)


Saab Automobile To Reportedly Cut 750 Jobs At Trollhattan Plant  
Saab Automobile, the Swedish unit of General Motors Corp., will cut around 750 jobs at Trollhattan plant, according to media reports on Thursday.

The company had on rolls a total of 4,108 people at the end of 2008. It will cut 650 blue-collar employees and 100 white-collar employees, the reports said.

Saab was granted creditor protection in February so that it could be reorganized or sold by its U.S. parent. The move comes after Swedish government rejected GM's request for aid for Saab.

While reporting its fourth quarter results, GM said it conducted a strategic review of the global Saab business, and offered it for sale. In addition, the company said it expects to make a decision to sell or phase out the Hummer brand by March 31, with a final resolution expected no later than 2010. The company also plans to phase out the Saturn brand at the end of the current product lifecycle, if a spin-off or sale does not occur.

The U.S. market continues to be difficult for every automaker, with consumer confidence weak and credit conditions almost frozen. Conditions are most difficult for the Detroit Big Three, who have relied more heavily on sales of trucks and SUVs, than their foreign counterparts.

For the recent fourth quarter, GM reported a sharply wider loss compared to a year ago, reflecting what the automaker called the global economic crisis and industry-wide collapse in vehicle demand. The company's adjusted loss per share also came in worse than what analysts had expected.

In 2008, GM lost its status as the world's largest automaker after 77 years to Japan's Toyota Motor Corp. (TM). The company reported a 52.9% drop in February 2009 vehicle sales.

Source : http://www.rttnews.com (3/12/2009)


UK Govt to fund JLR's new efficient model  
LONDON: Jaguar Land Rover, owned by the Tata group, will receive a government grant of up to £27 mn to help develop a new Land Rover vehicle . Land Rover said the car would be the smallest , lightest and most efficient it has produced.

The project will cost £400 mn. The announcement came as motor industry representatives met here to discuss a £2.3 bn support package. The money Land Rover will receive is from a separate government scheme. The company had applied for the fund many months ago.

The new model would be made at the company’s Halewood plant in Merseyside.

Source : Economic Times (3/13/2009)


F1 spin-offs revealed in exhibition  
Fast cars, girls, yachts and a champagne lifestyle: but there's more to Formula 1 than you may at first realise.

A new exhibition at London's Science Museum demonstrates how engineering and innovation from Formula 1 spins-off into the broader world.

'Fast Forward: 20 ways F1 is changing our world', is a new free exhibition at the museum, which is located in South Kensington.

20 innovative by-products of the sport are on display in an elegantly designed gallery overlooked by the chassis of the McLaren MP4-21 suspended from the ceiling.

Whilst watching a driver like Lewis Hamilton race to victory, it's almost possible to forget that underpinning his success is a highly engineered performance machine.

And the same sophisticated composite materials, telemetry systems and rigorous pit-stop strategies devised by British teams are currently applied to improve safety and efficiency in our hospitals, homes, working places as well as most dangerous battlefronts.

The exhibition features a wide variety of rare and unique items, for example the K2 All Terrain Wheelchair.

Built by a British engineering company who used their experience of manufacturing parts for F1 cars, the K2 is the world's first production 'monocoque' wheelchair.

The Baby Pod II is inspired by the ultra-strong driver's cockpit of a F1 car. It is used to transport seriously ill babies to and from hospital, without the weight of traditional metal incubators.

There's aesthetics, too. The Surface Table is made entirely from carbon fibre composite material.

Designer Terence Woodgate, in collaboration with John Barnard, has used this material to create a carbon composite dining table that stretches 4m in length yet measures just 2mm thick.

"Fast Forward: 20 ways F1 is changing our world" is a free exhibition open until Spring 2010.

Source : http://www.newcarnet.co.uk (3/12/2009)


Maruti Suzuki gears up  
Shares of Maruti Suzuki India are trading at Rs 677.05, up Rs 26.35, or 4.05% at the Bombay Stock Exchange (BSE) on Thursday at 12:36 p.m.

The scrip has touched an intra-day high of Rs 679.45 and low of Rs 651. The total volume of shares traded at the BSE is 173,308.

In the earlier session, the shares gained 0.25%, or Rs 1.6, at Rs 650.70.

Currently, the stock is trading down 27.2% from its 52-week high of Rs 930 and above 51.8% over the 52-week low of Rs 446.

Source : myiris.com (3/12/2009)


Volt Test Drive Is Centerpiece of Auto Task Force's Visit to Motown  
DETROIT — Monday is shaping up as a critical day in Detroit's future as President Barack Obama's auto task force wraps up its fact-finding mission here with a tour of a Chrysler truck plant and a test-drive of the Chevrolet Volt plug-in hybrid sedan.

The two events are part of a larger agenda that includes private meetings with auto executives and union leaders in Michigan, according to media reports.

Advisers Ron Bloom and Stephen Rattner are in town to review restructuring plans submitted to the federal government by Chrysler and General Motors. The task force has been busy of late, meeting last week at the White House to talk about the companies' turnaround plans.

The Detroit visit appears to be partly designed to soothe ruffled feathers in the Motor City. Automotive News and other media outlets have criticized the government task force for "lacking firsthand knowledge of the industry."

Source : http://www.edmunds.com (3/12/2009)


Ex-Honda team Brawn GP dominates pre-season F1 tests  
Normally an off-season Formula One test session wouldn't be worth reporting to anyone but the most hard-core racing fans, but the motorsport press was shocked to see which team has emerged at the front of the pack at this week's official session at the Circuit de Catalunya in Barcelona, Spain. Only a couple of weeks after announcing their new ownership and return to the grid for this season, it was Brawn GP that embarrassed the heavy-hitters and lead the field, running with a plain livery while strategizing sponsorship deals and posting lap times a full second ahead of Ferrari, the next fastest team in testing.

While some postulated that Jenson Button's lap times were nothing more than a publicity stunt, running on a reduced fuel load to lap faster and garner attention, analysts note that the team was up at the front the whole way through their full Grand Prix weekend simulation. Even Fernando Alonso says the former Honda team's performance is for real, while Ross Brawn, the mastermind technical director turned team owner, credits the team's performance to the priority placed on developing the new car last year under the Honda banner.

Meanwhile, returning champions McLaren-Mercedes, which is supplying Brawn's engines in exchange for Honda's severance cash, languished at the back of the field, while Toyota, which is tipped to follow Honda out of the sport if they don't win their first race this year, ran at the front with Ferrari and BMW.

Source : http://www.autoblog.com/ (3/12/2009)


REPORT: Next Bentley Arnage to feature Audi turbo-diesel  
Bentley has long been rumored to be considering the use of diesel engines. The torquey oil-burners would enable Crewe to continue offering the kind of freight-train muscle for which it has become known while living up to the mandate of offering improved fuel economy, and, with the latest developments in particulate filter technology, reduce carbon emissions, as well. The company's marriage to Audi, which has carved out a nice niche for itself in diesel propulsion, seems to be a match made in motor heaven, and now reports suggest that, at long last, the marriage is set to be consummated with the next Arnage sedan.

According to the latest output from the ever-churning rumor-mill, the replacement for the aging Arnage will employ a version of the V12 turbo-diesel used in the current Audi Q7 TDI. With 500 horsepower and 738 lb-ft of torque, the twelve-cylinder oil-burner would prove an ideal power-plant for the big saloon, and could get an even higher output version to join the half-century-old 6 ¾-liter V8 found in 530-horsepower trim in the current Brooklands, all while Bentley continues to toy with ethanol-burning variants of its W12 as previewed in the Continental Supersports show car unveiled just days ago at the Geneva Motor Show and Her Majesty's State Limousine.

Source : http://www.autoblog.com/ (3/12/2009)


New lithium-ion process could lead to super fast charging, but still needs BIG pipe  
Researchers at the Massachusetts Institute of Technology have been researching where the bottlenecks are inside lithium-ion batteries that limit charging and discharging rates, and they've learned some interesting things. Lithium iron phosphate chemistry is particularly promising in terms of high charge and discharge rates. Researchers found that some new processes for manufacturing the lithium phosphate coating on lithium iron phosphate crystals could provide better access to the lithium ions, allowing them to move around more readily.

This all sounds similar to the premise behind the lithium iron phosphate batteries produced by A123 Systems and the lithium titanate cells produced by Altairnano. The increased surface area of material allows more ions and electrons to move in and out without heating up as much as traditional lithium cobalt oxide cells. The result is that cells made with these materials can be charged at very high rates without degrading the charge capacity over time. Imagine charging your electric vehicle in two minutes rather than 12 hours and you can understand the significance of this research.

The bigger issue remains the power needed to actually charge an automotive sized battery pack in a few minutes. A five-minute charge would require 180 kW or more, which is not something that's available at home or any existing charging stations.

Source : http://www.autoblog.com/ (3/12/2009)


Lotus to launch Evora convertible by 2011  
Following hot on the heels of full details released on the new Lotus Evora come reports of a convertible version to follow within a couple of years. Although this isn't the first time we've heard news of a convertible Evora in the works, previous reports suggested that a fully automatic retractable hard-top would be fitted. And while that may jive with the placement of Lotus' first automatic transmission in the Evora, it would completely negate the niche that the company has carved out for itself in lightweight construction. Instead, latest reports suggest that the top will simply be opened up with a classic targa-style fabric roof panel like on the smaller Elise, to offer the open-air experience with minimal weight and structural trade-off, although extra reinforcement of the chassis will be needed to cope with the open roof.

A supercharged version is also in the works with power bumped up from the standard model's relatively modest 276 hp into the 350 to 400-hp range. In the meantime, the first 450 customers to order the Evora will be treated to the initial "launch edition" that comes packed with all the options: the Tech, Premium and Sport packages, 2+2 seating and either Ardent Red or British Racing Green color options. American buyers, however, will have to wait until next year to take delivery of U.S.-spec versions.

Source : http://www.autoblog.com/ (3/12/2009)


Bankruptcies Loom as Automotive Suppliers Turn Significantly More Pessimistic  
TROY, Mich -- Thirty-three percent of automotive suppliers operating in the U.S. are significantly more pessimistic about the general outlook of their businesses over the next 12 months than they were at the beginning of the year, according to respondents to a recent industry survey conducted by the Original Equipment Suppliers Association. The results come from the March 2009 OESA Automotive Supplier Barometer, which takes the business sentiment pulse of top executives in the U.S. automotive supplier industry. In another survey conducted by OESA in late February 2009, 31 percent of respondents indicated that severe financial distress or bankruptcy at their companies is likely before the end of June 2009. When looking at the likelihood of severe financial distress or bankruptcy before the end of the year, the number grows to 62 percent.

Suppliers indicated that key contributors to the ongoing uncertainty include frozen credit markets, risk of customer bankruptcy and concern that the economic stimulus package will not spur new vehicle sales. One respondent stated, "If conditions don't improve from this dismal level of sales, liquidity will run out because banks are not in the mode of increasing available credit, even if debt levels would not be high after exhausting available credit." Another added, "While we will be significantly affected by GM or Chrysler filing for bankruptcy, it is the effect it will have on the supply base -- which makes up a majority of our customer base -- that will really hurt us." The significant pessimism felt throughout the supply chain is reflected in the comment, "Eventually, a 50 percent to 60 percent drop in sales can no longer be offset by staff and other expense reductions without destroying the infrastructure of an organization."

"Automotive suppliers, which make up the largest manufacturing sector in the U.S., are in dire financial straits," states Neil De Koker, president and CEO, OESA. "Due to a non-functioning credit market, the sector is facing imminent financial hardship. This puts the entire U.S. auto industry at risk and makes the efforts to restore the U.S. economy much more challenging."

Source : http://www.automotive.com (3/12/2009)


Ener1 Reports Fourth Quarter and Year-End 2008 Results  
New York, -- Ener1, Inc. , developer and manufacturer of advanced lithium-ion batteries to power the next generation of hybrid, plug-in hybrid and pure electric vehicles, today reported its 2008 fourth quarter and year-end financial results. The following highlights significant events that occurred since the end of the third quarter:

Customer programs

--Customer interest in our lithium-ion batteries from all segments remains strong in spite of distress in the auto industry and current recessionary economic conditions.
--Strategically, we evaluated the market and our potential for expansion under Federal stimulus funding (see below).We have segmented our accounts into a focus list of ten high-priority customers. These accounts represent a near term revenue opportunity or are of strategic importance to the firm.We believe 50% of the focus list customers could generate revenue during 2009.Accounts where potential for follow-on orders exist or development contracts that represent a future prospect or the opportunity to capture life time performance data are included.

--In addition to final testing for the Th!nk City EV, we would like to highlight the following:

--In-vehicle testing in four different vehicle programs
--EV battery pack program for a demonstration vehicle for a tier-one supplier in Europe
--Large-format cell development program for a tier-one supplier in Europe
--PHEV battery pack testing program with a European automotive company and electric utility
--EV conversion program with specialty vehicles
--EV conversion program for a national postal service
--Development of a fast-charging system with Kyushu Electric Power
--Early design concept development program with a European automotive company.
--Overall, Ener1's 92,000-square-foot facility in Indianapolis has current capacity to produce 300 million watt hours of electrodes; an additional $50 million spent on equipment would double capacity to 600 million watt hours of electrodes for battery pack and cell production capacity of $450 million value in sales.

Government Financing Initiatives

--Ener1 applied for $480 million in 10-year financing under the Department of Energy's (DOE) Advanced Technology Vehicle Manufacturing Incentive Program (ATVMIP), a direct loan program to finance current production expansion and build an additional manufacturing facility in the United States.
--Ener1's application was deemed to be substantially complete on January 22, 2009 and is undergoing technical and financial review.
--In addition, a Notice of Intent (NOI) was issued by the DOE on February 18, 2009 to provide grants based on $2 billion in stimulus funding under the Advanced Battery Manufacturing Initiative (ABMI), a cost share grant program for the manufacture of advanced battery systems in the United States.

Financial Highlights:

--Ener1 year-end results include operations at Enertech International for November and December.
--Revenues for 2008 were $6.8 million compared to $280 thousand in 2007. Revenues and gross profit at Enertech for the two months were $5.0 million and $1.0 million respectively.Fourth quarter 2008 revenues were $6.3 million.
--Operating expenses were $36 million in 2008 compared to $21 million in 2007 as Ener1 increased research and development expenditures for customer and government projects.

--Research and development expenses were $23 million.
--General and administrative expenses were $11.6 million in 2008.
--Net loss per share was $.42 in 2008 compared to $.85 in 2007
--Weighted shares outstanding were 103.3 million in 2008 compared to 72.9 million in the prior year
--Shareholder's equity now stands at $103 million compared to negative $7 million at December 31, 2007.
--Ener1 total assets are $142 million compared to $31 million in 2007.

- Investment:

--Ener1 purchased $21.3 million of equipment during 2008, of which $7.2 million was financed through capital leases.At year-end, Ener1 had remaining CAPEX commitments under the expansion program of $6.4 million.

- Liquidity:

--Cash at year end was $14 million
--Ener1 has a $30 million loan facility with Ener1 Group to finance operations during 2009
--Enertech has bank loan availability of which $9 million was available at year-end
--Cash used by operations was $24.5 million in 2008 compared to $26.7 million in 2007

"2008 was an important year for Ener1 on a number of levels," commented Chairman and CEO Charles Gassenheimer. "We built the foundation for tremendous growth during a challenging year. Our investment in capacity has led to our customer traction tripling in the last 5 months. We believe that we have all of the pieces to fully execute on our plan and look forward to a challenging, but rewarding 2009."

Management will host a conference call this afternoon at 5:00 p.m. EST to discuss the fourth quarter results and give guidance on the company's financial position and discuss important company announcements. The accompanying management presentation will be Webcast live with the audio call, and may be viewed on the Ener1 website at ener1.com. To participate in the audio call, please dial (888) 713 4205 from within the United States, or (617) 213 4862 from outside the United States. The participant pass code is 68442120.

Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

Source : http://www.automotive.com (3/12/2009)


Interact Holdings Group, Inc. Announces Closing of Acquisition of Intellectual...  
ATLANTA -- Interact Holdings Group, Inc. announced today it has closed on the acquisition of the Intellectual Property and Rights for a newly patented electric motor design.

The Company anticipates having prototypes of the motor within 90 days for usage in electric scooters, electric motorcycles and other similar devices and vehicles. The Company projects the improved design will allow the vehicles to experience a 50% improvement in power and a 25% increase in battery life.

The Company was able to close the transaction in a timely fashion based upon the extensive discussions and negotiations the parties have been involved in since the 4th quarter of 2008.

"We are pleased with the speed at which this deal went from negotiation to acquisition. The forecast we've made regarding moving IHGP into an Era of Profitability, while adhering to our mandate of being Green {Eco - Friendly and Eco - Responsible} has crossed its first hurdle.

"We can now move to the next phase which entails the prototyping of the first Electric Scooter / Motorcycle Motors. Because of the High Performance capabilities of the motor we've already had several inquiries made regarding licensing the motor for use in other products that can use its High Torque and Power abilities.

"We now have the lynchpin, which was necessary for launching a strong marketing campaign. As we move from one phase to the next, we will keep you apprised of where IHGP stands in its proof of concept," said William Yates, President of Interact Holdings.

Source : http://www.automotive.com (3/12/2009)


Detroit Science Center Debuts Toyota Engineering Theater  
DETROIT -- Get ready to enter the exciting world of engineering with a theater experience like no other when the Detroit Science Center opens the Toyota Engineering Theater on March 14, 2009.

This immersive, multi-media theater experience will take Science Center visitors on an interactive journey into the world of real-life engineers, while incorporating state-of-the-art digital video, dramatic computer-controlled lighting, a 43-foot projection screen and active seating.

"It is our vision to become the nation's premier engineering-focused museum. The centerpiece of this vision is to create a theater experience that will inspire today's youth to become the engineers of tomorrow," said Kevin F. Prihod, president & CEO of the Detroit Science Center. "The theater will expose them to the exciting, prestigious and profitable careers of actual engineers in many different engineering fields."

"New opportunities in science, engineering and innovation are vitally important in today's economy," said Ed Mantey, vice president, engineering design & electronics systems, Toyota Technical Center (TTC). "Toyota is proud of the Detroit Science Center's efforts in raising awareness of the many opportunities that exist and inspiring young visitors to pursue careers in engineering and other science-based fields."

Toyota TTC, a division of Toyota Motor Engineering & Manufacturing North America, was established in Ann Arbor in 1977. It is Toyota's largest technical center outside of Japan and employs more than 1,000 people. TTC's newest facility in York Township began operations in October 2008 and represents an additional $150 million investment. TTC is engaged in engineering design, prototype building, vehicle evaluation and advanced technology research for Toyota's North American built vehicles.

The Toyota Engineering Theater will present video profiles of engineers and their education, lifestyle, work day, services and products. It will help visitors make the connection between everyday life and groundbreaking research, new inventions and scientific discoveries. The innovative, fast-paced video techniques will maintain the interest of young audiences and provide information to help parents and educators encourage children to explore engineering careers.

The premiere show, Engineering Adrenaline, will feature fast-paced, heart-pumping action that will literally take the audience for a ride as they learn about the fascinating world of engineering. The show will feature three engineers: an Olympic kayaker who designed and built the world's largest man-made whitewater rafting park; a NASA Jet Propulsion Lab engineer who is working on a 6-legged robotic rover for the next moon mission; and a Toyota engineer who will take the audience off-road and on the race track as she designs an air delivery system for the Tundra full-size pickup truck. The show promises to rock the audience in their seats and entertain them with visual effects, animation, music and a live presenter.

The Toyota Engineering Theater was made possible by a $2 million contribution made by Toyota in 2007. Additional support for the theater is provided by The Carls Foundation, DeRoy Testamentary Foundation, Masco Corporation Foundation, Samuel and Jean Frankel Foundation, TeL Systems and United States Department of Housing and Urban Development.

Admission to the Toyota Engineering Theater is included in Detroit Science Center museum admission.

Source : http://www.automotive.com (3/12/2009)


Jack Short: Investments in Infrastructure Need to be More Efficient ITF Secretary...  
PARIS and BARCELONA -- "The economic crisis has put transportation at the crossroads: We urgently need to address the prioritisation of investment serving the most productive activities and notably international trade in goods and services", said Jack Short, Secretary General of the International Transport Forum (ITF), at the EIB Forum in Barcelona on Thursday, warning that "in the present crisis, efficiency and profitability of infrastructure investments are crucial for the future of transportation". Public funding is scarce and private investments recently have become more difficult to obtain. Stricter oversight on risk management practices may increase the price of private funds, explained Mr. Short. "Private sector involvement is no panacea." At times of crisis like this there is a tendency to close in and look inwards. "But trade and international activities have been fundamental to growth. So stimulus packages should have an international dimension", explained the Secretary General.

In considering different transport modes, Mr. Short pointed out, road transportation will remain an important mode both for passengers and goods. "That's why we need an efficient road system and clean vehicles", he urged. At the same time, the extension of high-speed and other train connections has to be continued - even in the face of the current economic crisis. "But railway investment needs to be selective, concentrating on key corridors and supported by a range of policy and practical measures."

We have observed rail share increases, the Secretary General noted, especially in dense port-hinterland routes, but this is mainly "because of market-push rather than policy-pull". He called on policy-makers to create the right conditions and acknowledged the efforts of some governments to increase infrastructure investments within the present stimulus packages as well as the important role the EIB plays in this. "But the infrastructure projects need to be chosen carefully. They need to serve a long term perspective for an efficient, safer, better funded, more interoperable and more sustainable transport system."

These and other topics will be the focus of the world's leading transportation policy and industry meeting, the upcoming International Transport Forum in Leipzig, 26 to 29 May, where the ITF will convene the Ministers of Transport of the 52 member nations, as well as top industry representatives and leading researchers.

Source : http://www.automotive.com (3/12/2009)


WABCO Marks New Milestone as Provider of Professional Training Solutions for the...  
BRUSSELS -- WABCO Holdings Inc. , a global technology leader and tier one-supplier to the commercial vehicle industry, today announced that its WABCO University training center recently graduated its 35,000th participant.

More than 13,500 customers from 32 countries completed training at WABCO University during 2008, an increase of 23 percent compared with the previous year. In total, WABCO University conducted more than 1,100 training sessions in 2008, an increase of 10 percent.

Building on WABCO's unique track record as a provider of professional training solutions for the commercial vehicle industry since the early 1970s, WABCO University was launched in 2006 as a centre of excellence to support the diverse qualification needs of customers worldwide across a number of platforms. WABCO University offers technical training, business training, consulting services and e-learning in seven languages, including German, Chinese and Russian. Participants can attend sessions at one of WABCO's 14 training centers worldwide or at a location of the customer's choice while e-learning is offered online.

Also in 2008, WABCO University further expanded its e-learning program by adding two new courses and three language versions, now serving more than 1,100 registered online participants. Based on each customer's needs, WABCO University's e-learning portfolio tailors a range of subjects such as latest technologies, WABCO products and the company's in-depth knowledge of the commercial vehicle industry.

"As a technology leader and highly qualified provider of professional training services in the commercial vehicle industry, we are passionate about helping customers enhance their productivity and improve their business results," said Nick Rens, WABCO Vice President, Aftermarket and Trailer Systems. "By training their staff on a continual basis, our customers significantly increase the value of their people and the return on investment in their vehicles. In our fast changing, global industry, WABCO University enables customers to gain expertise and knowledge that are essential for sustaining competitiveness and continued business success"

Source : http://www.automotive.com (3/12/2009)


WABCO Announces Multi-Year Strategic Agreement to Supply CNHTC, China's Largest...  
BRUSSELS, -- WABCO Holdings Inc. , a global technology leader and tier-one supplier to the commercial vehicle industry, today announced the completion of a strategic partnership agreement to supply China National Heavy Truck Corporation (CNHTC), the largest producer of heavy duty trucks in China. WABCO's strategic agreement with CNHTC extends to 2016 and is worth several hundred million U.S. dollars in cumulative sales.

A supplier to CNHTC since 1997, WABCO will continue to provide air management products, braking systems including anti-lock braking, and transmission control products. Further increasing their partnership, WABCO will be CNHTC's sole supplier of automated manual transmission (AMT) systems through 2016. CNHTC is the world's first original equipment manufacturer to adopt WABCO's highly advanced modular AMT system in volume production.

"Over the past decade, WABCO has transformed from a European export company into a global organization that successfully adapts to the requirements of the Chinese market," said Cai Dong, CNHTC President. "WABCO's local management team also has the ability to rapidly align sourcing and manufacturing capabilities with market conditions in China, further enhancing the flexibility, cost effectiveness and value that WABCO offers CNHTC."

"We are proud to be chosen by China's largest truck maker as their long term partner in a highly competitive market," said Jacques Esculier, WABCO Chief Executive Officer. "Partnering with CNHTC confirms our strategy of pursuing technology leadership while globalizing our capabilities in engineering, sourcing and manufacturing. CNHTC also recognizes WABCO as a local manufacturer, focused on local customer needs and powerfully connected to the Chinese market."



"Our long term agreement with CNHTC marks another strategic achievement as we continue to combine WABCO's global engineering capabilities with the nuanced knowledge and power of local teams," said Leon Liu, WABCO President, Asia Pacific. "CNHTC values our local sourcing and manufacturing in China, and this agreement consolidates WABCO's position in China as a global technology leader with a strategic commitment to expand appropriate capabilities in China for the long term benefit of local customers."

Source : http://www.automotive.com (3/12/2009)


Alvin Ailey(R) American Dance Theater Partners With Toyota VENZA During 50th...  
NEW YORK -- In celebration of Alvin Ailey American Dance Theater's (AAADT) 50th Anniversary, Toyota Motor Sales, U.S.A., Inc. will become Ailey's Official Vehicle Partner during the U.S. portion of the Company's 50-city global tour. Toyota's new 2009 VENZA will be spotlighted in five major markets, debuting with the Ailey Company's March 18th opening at the Los Angeles Music Center's Dorothy Chandler Pavilion, as well as appearing onsite during AAADT engagements in Houston, TX; Chicago, IL; Brooklyn, NY; and at Ailey at the Apollo!, a special benefit evening at Harlem's world famous Apollo Theater, "where stars are born and legends are made."

"We are thrilled to welcome Toyota VENZA as a new partner during this historic 50th Anniversary Tour," stated Sharon Gersten Luckman, Ailey Executive Director. "Toyota's support will help bring to U.S. audiences the beauty, power, and passion that are Ailey hallmarks."

For five decades, Alvin Ailey American Dance Theater has been inspiring audiences world-wide with breathtaking artistry that uses the African-American cultural experience and the American modern dance tradition. "Toyota is excited to have VENZA join forces with Alvin Ailey as the Official Vehicle for their 50th Anniversary Tour - it's a rich partnership that represents shared values," said Dionne Colvin, Toyota National Manager Advertising. "The new 2009 Toyota VENZA personifies a duality of style and performance that is reflected in the beauty of Alvin Ailey's modern dance."

VENZA will provide the Ailey audience with an immersion into living media with a re-creation of the 'Faces' TV ad developed by Burrell Communications Group via the art installation entitled 'Are You VENZA?'. The art installation will merge sculptural artwork from the African Diaspora reflective of the VENZA's attributes, with archival Ailey posters through different time frames that visually represent the Company's history. Colvin explains, "VENZA's integration into the tour respectfully pays homage and celebrates Ailey's extraordinary artistry, providing a unique retrospective."

Toyota believes that an auto company can also be a vehicle for change today - and for the future. "Toyota's commitment to diversity is reflected in partnerships with many highly respected minority organizations throughout the country," says Fay Ferguson, co-CEO of Burrell Communications, Toyota's African American Agency-of-Record. "Designating VENZA as the Official Vehicle Partner of Alvin Ailey American Dance Theater underscores Toyota's commitment in supporting arts and culture, community growth, and enrichment within African-American communities."

Source : http://www.automotive.com (3/12/2009)


D1GP USA Partners With FOX Station Group & GPI to Bring 2009 Series to the Masses  
LOS ANGELES -- D1GP USA, the motorsports industry's premier drifting series, announced today it has finalized a deal with GPI Content Corporation and The FOX Television Station Group to air each of the D1GP USA Championship Points Series events in an estimated 45 million homes on FOX owned TV stations. Each event, slated as a one hour special, is anticipated to be broadcast adjacent to high-profile sporting events during the fall 2009 season. The FOX owned and operated broadcast TV stations provide content to nearly 40 percent of the nation's households and nearly 44 percent of the nation's Hispanic households, assuring that D1GP USA viewers will be the largest U.S. audience ever to witness drifting.

"The partnership between FOX Station Group, GPI and D1GP USA will be monumental for the sport of drifting in the United States. For the first time, the eyes of the nation will be focused on the drifting world," said Rich Goodwin, president of D1GP USA. "Not only will die-hard fans be able to catch all of the action, but millions of people who have never been exposed to drifting will have a chance to see the best drivers in the world going head to head - all in spectacular high-definition TV."

"We are excited to have the D1GP USA Championship Points Series as part of our program schedule in 2009," said Chris King of FOX's Station Group. "This HD content is highly entertaining as well as being targeted at a demographic audience which we believe to be a strong asset to our broadcasting operations."

Discussions are ongoing with several national domestic cable carriers and dozens of FOX network affiliate stations with a mandate of increasing the U.S. television broadcast clearance to some 60 million broadcast households and 70 million cable households by the series premiere. International sales of the D1GP USA Championship TV series have begun and are showing strong results.

Weekly coverage of the D1GP USA Championship Points Series will commence this spring on the weekly syndicated motorsports show Steel Dreams TV, seen in more than 150 U.S. television markets and covering some 70 million households.

The FOX Television Station Group, owned and operated by News Corporation, is one of the largest TV broadcast groups in the nation. Comprised of 27 stations in 18 markets and covering nearly 40 percent of U.S. television homes; including 9 of the nation's top 10 TV markets.

Source : http://www.automotive.com (3/12/2009)


Ashok Leyland increases working days to 5 a week  
Ashok Leyland has raised number of working days at its manufacturing units to 5 from 3, reports Business Standard.

In November 2008, the company had cut production to three days from seven days at all six manufacturing units due to slowdown in demand.

The company`s decision to increase working days comes after it achieved 33% increase in the sales in February.

Its sales in February stood at 3,245 units compared to 2,444 in January.

Shares of the company gained Rs 0.05, or 0.31%, to end at Rs 16.05. The total volume of shares traded was 318,932 at the BSE (Monday).

Source : myiris.com (3/12/2009)


New car CO2 continues falling  
CO2 emissions from new cars fell by their biggest ever margin in 2008, according to figures released today.

The average model now emits just 158g/km - 4.2% less than the 2007 figure and 16.8% down on the 189.8g/km base level in 1997.

The statistics were revealed in the Society of Motor Manufacturers and Traders' (SMMT) annual New Car CO2 Repor.

It showed that while the number of cars on the road and the distance travelled has increased, their share of total UK emissions continues to fall.

Cars now account for just 11.5% of the country's total CO2 emissions, largely as a result of new technology, improved fuel consumption rates and better consumer awareness.

CO2 emissions have fallen across all market segments with the larger end of the market making some of the biggest improvements.

In addition, increased consumer awareness and changes to vehicle taxation have resulted in a move towards 'best in class' choices.

Most consumers now opt to buy a model with CO2 emissions within the bottom quarter of their preferred segment's range.

"The motor industry has made enormous progress in its work to cut the environmental impact of its products but more must be done if the tough targets set by European legislation are to be met," said SMMT chief executive Paul Everitt.

"Maintaining a steady rate of fleet renewal is vital to this success so the recent fall in new car registrations presents more than an economic challenge.

"Again, we urge government to implement a scrappage incentive scheme to take older, high-emitting cars off the road and boost the new car market."

Source : http://www.newcarnet.co.uk (3/12/2009)


TRUST successfully reorganized in Japan, GReddy in the U.S. churning along  
This past September, Trust Co. LTD – the parent company of GReddy Performance Products in the U.S. – declared the Japanese equivalent of Chapter 11. According to a release from the aftermarket parts supplier, Trust has successfully completed the reorganization process (known in Japan as Minji-Saisei-Hou) and is hoping to be completely back on its feet within the next few months. During the reorganization, both Trust and GReddy have maintained its workforce here and abroad, developed new components, continued to produce parts and serviced its clients around the world. While we're happy to hear about GReddy's future involvement in the aftermarket, this won't be the first or last filing from a performance part supplier as the auto-apocalypse continues.

Source : http://www.autoblog.com/ (3/12/2009)


Hybrid Pickup Trucks Pack a Powerful Punch  
NEW YORK -- Most people think of small cars and big gas mileage when it comes to hybrid vehicles. But, what about those with a need for more space, utility, and brawniness? Enter the hybrid pickup truck.

See video from General Motors at: inr.mediaseed.tv/oneClip_C/?feed=KmzJ6niPevWabPCHBhgoTIn5jDO3907d

Hybrid pickup trucks are unique because they have exceptional fuel economy, but drive and are fueled the same way as a normal pickup truck. While they are usually more expensive than their non-hybrid counterparts, from a cost-benefit analysis, experts say that it's really not much of a premium.

Still packing a powerful punch, not only do the new Chevrolet Silverado and GMC Sierra hybrid pickups have fuel economy that's 50% better in the city, they offer over 300 horsepower and 1,500 pounds payload -- as well as 6,100 pounds of towing, so you don't have to compromise on a full-size truck. In fact, these hybrid pickup trucks have the same mileage as many popular 4-cylinder mid-size cars. Experts say the versatile pickup truck is here to stay, as the pickup truck still represents the second largest segment of the auto market.

Source : http://www.automotive.com (3/12/2009)


Quantum Technologies Reports Fiscal 2009 Third Quarter Financial Results  
IRVINE, Calif., -- Quantum Fuel Systems Technologies Worldwide, Inc. , a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles and applications including hybrid, plug-in hybrid, hydrogen, and alternative fuel vehicles, today reported results for the three and nine month periods ended January 31, 2009. Conference call information is provided below.

Third Quarter Operating Results

Total revenue in the third quarter of fiscal 2009 was $5.9 million compared to $7.1 million in the third quarter of fiscal 2008, a net decrease of 17%. The decrease in consolidated net revenue is primarily related to a decline in product shipments and engineering services provided to General Motors in fiscal 2009 compared to fiscal 2008. The Company's consolidated operating loss increased from $3.8 million in the third quarter of fiscal 2008 to $11.9 million in the third quarter of fiscal 2009. The increase was primarily due to the lower revenue base and a non-cash charge of $5.8 million recorded in the third quarter of fiscal 2009 for the impairment of the unamortized balance of the intangible asset associated with our Strategic Alliance Agreement with General Motors.

The Quantum Fuel Systems operating segment loss increased $7.7 million from $1.4 million in the third quarter of fiscal 2008 to $9.1 million in the third quarter of fiscal 2009. The increase is primarily due to the impairment of the intangible asset in the third quarter of fiscal 2009 and a lower level of revenues. Corporate segment expenses increased $0.3 million, from $2.5 million in the third quarter of fiscal 2008 to $2.8 million in the third quarter of fiscal 2009. The shared-based compensation expense related to FAS 123R was $0.4 million and depreciation and amortization expense was $0.9 million during the third quarter of fiscal 2009.

Contract revenue for the Quantum Fuel Systems segment increased $1.1 million, or 24%, from $4.6 million in the third quarter of fiscal 2008 to $5.7 million in the third quarter of fiscal 2009. The increase was primarily due to higher development program revenues related to development of the "Q Drive" propulsion system for the Company's affiliate - Fisker Automotive. This increase was partially offset by a decline in hydrogen and fuel cell system programs with General Motors. Other hybrid and plug-in hybrid development programs, military programs and other advanced hybrid propulsion system development programs were comparable for the third quarter of fiscal 2008 and 2009.

The Tecstar Automotive Group business segment ceased operations on January 16, 2008 upon transfer of substantially all of its assets to an affiliate of our lender. Accordingly, the activities of the Tecstar Automotive Group reporting segment are reported as discontinued operations for the three and nine month periods ending January 31, 2008.

The Company's net loss from continuing operations increased from $3.8 million, or $0.05 a share, in the third quarter of fiscal 2008 to $13.6 million, or $0.14 a share, in the third quarter of fiscal 2009. The Company's net loss increased from $1.4 million, or $0.02 a share, in the third quarter of fiscal 2008 to $13.6 million, or $0.14 a share, in the third quarter of fiscal 2009.

Nine Month Results

For the nine month period ended January 31, 2009, the Company reported revenues of $17.0 million compared to revenues of $16.8 million for the nine month period ended January 31, 2008. Contract revenues increased $6.6 million, or 69%, from $9.6 million in the first nine months of fiscal 2008 to $16.2 million in the first nine months of fiscal 2009. The increase was due primarily to an increased level of system development and application engineering of our "Q-Drive" hybrid propulsion system for the Fisker Karma vehicle program and other funded contract work with the United States military and other government agencies. The operating loss for the Quantum Fuel Systems segment increased $6.2 million, or 98%, from $6.3 million in first nine months of fiscal 2008 to $12.5 million in the first nine months of fiscal 2009, primarily due to the non-cash charge of $5.8 million recorded in the third quarter of fiscal 2009 for the full impairment of the unamortized balance of the intangible asset associated with our Strategic Alliance Agreement with General Motors.

Corporate segment expenses increased $0.4 million from $7.9 million in the first nine months of fiscal 2008 to $8.3 million in the first nine months of fiscal 2009. Corporate segment expenses reflect the general and administrative expenses that indirectly support our ongoing Quantum Fuel Systems operating segment and our anticipated future operating segments. Corporate segment expenses consist primarily of personnel costs, share-based compensation costs, and related general and administrative costs for executive, finance, legal, human resources, investor relations and our board of directors. Included in operating expenses are $2.2 million and $1.5 million of share-based compensation for the first nine months of fiscal 2008 and 2009, respectively.

The Company's consolidated operating loss increased from $14.1 million in the first nine months of fiscal 2008 to $20.8 million in the first nine months of fiscal 2009. During the first nine months of fiscal 2009, depreciation and amortization expense was $2.7 million. Cash used from operations during the first nine months of fiscal 2009 was $13.3 million which included $3.8 million in prepayments on a solar cell contract.

The May 2008 modification to the Company's debt instruments resulted in a total non-cash charge on modification of debt of $39.8 million which was recorded during the first quarter of fiscal 2009 and is included in loss from continuing operations for the nine month period in fiscal 2009. The charge represents the difference between the carrying balance of the notes and the estimated fair values of the notes, as amended, as of the date of such amendment. Since the implied premium totaling $39.8 million is presumed to represent equity in accordance with Accounting Principals Board (APB) 14, "Accounting for Convertible Debt," the implied premium is recorded as additional paid-in-capital under stockholders' equity.

Asola, Quantum's German solar affiliate, recorded in equity in earnings of affiliates, had revenues of approximately $39.4 million and net income of $0.5 million during the first nine months of fiscal 2009.

The Company's net loss from continuing operations increased from $14.3 million, or $0.19 a share, in the first nine months of fiscal 2008 to $62.1 million, or $0.69 a share, in the first nine months of fiscal 2009. The Company's net loss decreased from $80.3 million, or $1.06 a share, in the first nine months of fiscal 2008 to $62.1 million, or $0.69 a share, in the first nine months of fiscal 2009.

Alan P. Niedzwiecki, President and CEO, stated, "The Company's third quarter operating performance was impacted by the downturn in the economy and especially the challenges faced by our automotive OEM customers. Despite uncertain times, we remain optimistic that the continued focus on hybrid and "green vehicle" technologies will benefit Quantum as dramatic change continues to take place in the automotive industry. Development of our "Q-Drive" hybrid propulsion system for the Fisker Karma luxury premium hybrid vehicle and related integration efforts are progressing according to plan. Fisker unveiled, as expected, its first production car, the Fisker Karma, incorporating a fully developed and operational Q-Drive at the 2009 North American International Auto Show in Detroit."

Mr. Niedzwiecki continued, "We continue to advance technologies under funded Department of Energy programs and additionally have applied for a $175 million loan in connection with the Department of Energy's $25 billion Advanced Technology Vehicles Manufacturing Loan program. We believe that we are well positioned to receive some level of funding within the next 6 month period as it would enable us to advance hybrid vehicle and battery technologies for further commercialization of vehicle programs and other future vehicle platforms at more economical price points. We are also in the process of applying for grants under the 2009 Economic Stimulus Package and other government programs available to the Company."

Source : http://www.automotive.com (3/12/2009)


Clarification: Skoda not looking at price cuts  
This is to clarify the facts surrounding a story carried on the economictimes.com on March 11, 2009, titled “Skoda Plans price cuts”.

The company has said that, Mr Thomas Kuehl, Skoda India's board member (incharge of sales and marketing) during his interactions with the media said that, “the all new Superb is coming at an aggressive price as we are aiming to be the segment leader with this car. The All New Superb is a completely new product offering from the Skoda stable and not merely a facelift of the earlier version. The new car comes with a 4 cylinder 1800 cc TSI petrol engine as opposed to the earlier Superb with V6 2400 cc TDI diesel engine. (pricing depends on technical specs of products)”

Further the co clarified that Mr. Kuehl did not mention that Skoda India was looking at cutting price & revamping their pricing.

Source : Economic Times (3/12/2009)


Saab gives notice to 750 employees at Trollhattan plant  
STOCKHOLM, - Saab Automobile, the Swedish unit of U.S. carmaker General Motors, announced 750 job cuts as it tries to stay afloat and said on Thursday investors in both Sweden and China were eyeing the company.

GM, which reported a $30.9 billion net loss for 2008, has said it will shed loss-making Saab at the latest by 2010. Saab was granted creditor protection in February while it restructures and tries to find a saviour.

"I cannot disclose who they are, but I can confirm that there is a group of investors in Sweden which has shown interest," Saab spokesman Eric Geers told Reuters, adding Saab was being courted by six to eight "very large" companies in total.

Earlier this week, media reports said a Swedish investor group could be interested in taking over Saab's Swedish peer Volvo Cars, which owner Ford Motors aims to sell.

Geers said Saab has attracted interest from investors from several continents, adding it was not wrong to assume Chinese interests were among those eyeing the carmaker.

"Sure, one can say that. One can assume that there is a certain interest in that corner of the world. But it's not only China. And one does not know yet how serious their interest is," Geers said.

Saab has hired Deutsche Bank to look for more potential bidders, he said. He added that he hoped to have more information in a week or two about who would be likely candidates. Earlier this month, sources told Reuters the brand had received interest from several potential bidders, including China's Geely Automobile and Dongfeng Motor Group.

JOB CUTS

Saab said on Thursday it had given notice to 750 employees at its Trollhattan plant, in south-west Sweden. Saab employed a total of 4,108 people at the end of 2008, of which about 2,000 were blue-collar workers in Trollhattan.

Saab spokeswoman Annika Troedsson told Reuters the measures would affect 650 blue-collar workers and 100 white-collar employees. "These notices are a direct consequence of the recession and the global economic downturn," she said.

Saab Automobile union representative Paul Akerlund told Reuters the job cuts were regrettable but a necessary measure as the company, currently under reorganisation, is struggling to control its cash flow while sales have dropped by about 50 percent in the first months of 2009.

"We had hoped to have our funding ready by now, with the business plan we have. Unfortunately, we don't have that yet," Akerlund said. The loss-making unit sought protection from creditors last month to survive the current economic downturn and buy time to find a new owner after its struggling U.S. parent announced it would cut its ties with the brand.

GM has said it aims to create an independent company of Saab, a wholly owned unit since 2000, by January 2010.

Source : http://www.guardian.co.uk (3/12/2009)


Brawn GP - March 12, 2009  
Barcelona: Brawn GP's Rubens Barrichello headed the field in testing at the Circuit de Catalunya today, replicating the feat of team-mate Jenson Button yesterday. Back at the wheel of the BGP 001 car for the fourth and final day of this week's programme, Rubens brought the team's first pre-season test to a successful conclusion.

Once the heavy fog which delayed the start of running around the Spanish circuit cleared, Rubens successfully ran through a full 66-lap race distance with pit stops and using both compounds of the Bridgestone Potenza slick tyres. The car proved reliable once again with Rubens setting competitive lap times over the three stints. The afternoon saw Rubens complete a series of qualifying simulations during which he set the fastest time of the week - a 1:18.926.

The team will resume testing in Jerez on 15 March for a final three-day test before the start of the 2009 Formula One season at Albert Park in Melbourne on 29 March.

RUBENS BARRICHELLO "I'm very pleased with the mileage that we have achieved today and the completion of another full race distance. The qualifying exercises were also very useful in enabling the team and I to get fully up to speed and ready for Melbourne. The car has proved fast and reliable throughout the week so we go to Jerez feeling positive and pleased with the results of our first test outing."

ROSS BRAWN "We are extremely pleased with the inaugural test of the BGP 001 car in Barcelona this week. The team made a very late start to our pre-season testing programme with only seven days in which to run the car before the first race in Melbourne, therefore our focus has been on reliability and achieving as much mileage as possible. Both of these aims have been successfully achieved this week. That the car has run so reliably 'out of the box' is a tribute to the strong team that we have at our factory in Brackley and they have done a great job during a very difficult period. The car is performing to our expectations and the feedback from Jenson and Rubens has been positive with both drivers completing full race distances. We have three further days of testing in Jerez next week to complete our preparations for the first race and I look forward to seeing how the car progresses from here."

Source : http://www.theautochannel.com (3/12/2009)


Legendary Drivers and celebrated Corvette Racers to be reunited at the Houston Classic Auction.  
Houston Worldwide Auctioneers has today confirmed that Corvette racing legends, Dick Guldstrand and Delmo Johnson, will be reunited with some of the celebrated race cars that contributed to their success on the track, at the Houston Classic Auction on May 2nd. “We are honored that these gentlemen, whose careers have been so synonymous with the evolution of the Chevrolet Corvette as a racing icon, will be joining us at this year’s Houston Classic Auction”, said John Kruse, Managing Partner. “We are equally delighted to welcome the daughter of another racing hero, Herb Caplan, who in the spirit of the occasion will be wearing her parents racing overalls on the day, alongside her husband”.

All will be in attendance in Houston, as the “8 ball Cobra killer”, a singular 1965 Roadster owned and raced by Herb Caplan alongside Dick Guldstrand and later used by the pair as an experimental test bed and the ex- Alan Sevadijian, John Mecum 1967/74 Chevrolet Corvette “Delmo Johnson” Race Car cross the block. Also going under the hammer is the acclaimed ex-Bob Mouat 1957 Chevrolet Corvette COPO Race Car, successfully competing straight out of the showroom to become one of the most extensively raced and documented ’57 Corvette race cars of all time.

These iconic Corvettes will join a significant selection of American sports and muscle cars on stage at the Houston Classic Auction, including an awesome 1969 Shelby GT 500 SCJ Drag- Pack Fastback, concours restored 1969 Ford Mustang Boss 429, four-speed 1968 Shelby GT500 KR Convertible and 1968 ½ Ford Mustang R Code, to be offered without reserve. Enthusiasts will also get the chance to enhance their collection with the addition of “Burt’s Bandit”, a 1978 Pontiac Firebird Trans Am, as immortalized in the movie Smokey and the Bandit, currently the property of Mr. Burt Reynolds and titled in his name.

Quality consignments are still invited and may be discussed with either Rod Egan, Managing Partner and Chief Auctioneer, or John Kruse on 1-260 927 0000.

Held in conjunction with the fourteenth annual Keels and Wheels Concours D’Elegance, the Houston Classic Auction is on Saturday May 2nd 2009 at the Lakewood Yacht Club in Seabrook, Texas. Further details regarding any current consignment may be discussed with either Rod Egan or John Kruse on 1-260-927-0000. Full information on the sale, admission and advance bidder registration can be obtained by calling 1-260-927-0000 or visiting www.wwgauctions.com. Media and sponsorship enquiries should be directed to Jo Snyder on 1-512-507-7867.

ABOUT THE COMPANY. Established by John Kruse and Rod C. Egan, Worldwide Auctioneers is a consequence of the passion for and lifelong dedication to the collector car industry that both have made. One of the world’s premier auction houses, their specialty is the procurement and sale of some of the world’s finest automobiles and vintage wooden watercraft. Worldwide Auctioneers is committed to facilitating the transfer of assets in a manner that positively benefits all parties involved.

Source : http://www.theautochannel.com (3/12/2009)


Garcia Flies Atlantic With Condor To Conquer America  
Jupiter Fla.: Borja Garcia will be racing in the 2009 Cooper Tires Presents The Atlantic Championship Powered by Mazda with Condor Motorsports after testing with the team at the Palm Beach International Raceway on Tuesday and Wednesday and topping the time sheets in all four sessions, with a best time of 1.07.286, leaving 2008 Champion Markus Niemela and the rest of the field in the distance.

In a move masterminded by his management company, CJ Motorsport Consulting, the talented Spaniard follows in the footsteps of fellow CJ Driver Franck Perera, who successfully took up the same challenge in 2007.

At the time, following an equally dominant first test at Laguna Seca, Perera literally rewrote the record books (3 Wins, 8 Podiums, 2 Poles, 1 Best Lap, Top Five in all 12 Races) on his way to the 2007 Rookie of the Year title. He narrowly missed out on the overall title to series returnee Raphael Matos.

Perera's achievements did not go unnoticed as he earned himself a Champ Car test at Sebring, where he proceeded to top the time sheets and beat the unofficial track record. This secured him a ride for the season, initially in Champ Car and later in IndyCar after the former was absorbed. Unfortunately, the Frenchman became the victim of Conquest Racing’s sponsorship woes and he was forced to relinquish his seat despite some very good early performances.

Garcia’s resume boasts a wealth of experience and success, including Spanish F3 champion, World Series by Renault vice-champion, multiple podiums in GP2 and an impressive Formula One test for Toyota F1.

“We are delighted to have been able to secure a deal for Borja to race in the Atlantic Championship with Condor,” commented Serge Celebidachi from CJ Motorsport Consulting. “The strategy was a successful one two years ago with Franck as he really made a name for himself on the American scene. Borja has the talent and temperament to achieve similar success and we know that in Condor Motorsport, we have a team that can help us challenge for the title.”

"We're all really happy to welcome Borja to the team," said Carlos Bobeda, owner of Condor Motorsports, who captured the 2005 Champ Car Atlantic Championship with Dutchman Charles Zwolsman. "Borja’s achievements in Europe speak for themselves and he comes from the same management stable as Franck Perera, with whom we had a lot of success in 2007. I am expecting great things from him and so far, I haven’t been disappointed."

“It has always been an ambition of mine to race in the USA and I am extremely grateful to both Carlos Bobeda from Condor Motorsports and to my management team at CJ Motorsport Consulting for this new opportunity”, said Garcia. "Atlantic is a fantastic championship. It offers excellent prize money and will give me the opportunity to showcase my talent in the United Stated so that I can start building a long-term racing career over here, which is our goal.”

Source : http://www.theautochannel.com (3/12/2009)


Ener1 Reports Fourth Quarter and Year-End 2008 Results  
New York : Ener1, Inc., developer and manufacturer of advanced lithium-ion batteries to power the next generation of hybrid, plug-in hybrid and pure electric vehicles, today reported its 2008 fourth quarter and year-end financial results. The following highlights significant events that occurred since the end of the third quarter:

Customer programs

--Customer interest in our lithium-ion batteries from all segments remains strong in spite of distress in the auto industry and current recessionary economic conditions.
--Strategically, we evaluated the market and our potential for expansion under Federal stimulus funding (see below).We have segmented our accounts into a focus list of ten high-priority customers.These accounts represent a near term revenue opportunity or are of strategic importance to the firm.We believe 50% of the focus list customers could generate revenue during 2009.Accounts where potential for follow-on orders exist or development contracts that represent a future prospect or the opportunity to capture life time performance data are included.
--In addition to final testing for the Th!nk City EV, we would like to highlight the following:
--In-vehicle testing in four different vehicle programs
--EV battery pack program for a demonstration vehicle for a tier-one supplier in Europe
--Large-format cell development program for a tier-one supplier in Europe
--PHEV battery pack testing program with a European automotive company and electric utility
--EV conversion program with specialty vehicles
--EV conversion program for a national postal service
--Development of a fast-charging system with Kyushu Electric Power
--Early design concept development program with a European automotive company.
--Overall, Ener1's 92,000-square-foot facility in Indianapolis has current capacity to produce 300 million watt hours of electrodes; an additional $50 million spent on equipment would double capacity to 600 million watt hours of electrodes for battery pack and cell production capacity of $450 million value in sales.

Government Financing Initiatives
--Ener1 applied for $480 million in 10-year financing under the Department of Energy's (DOE) Advanced Technology Vehicle Manufacturing Incentive Program (ATVMIP), a direct loan program to finance current production expansion and build an additional manufacturing facility in the United States.
--Ener1's application was deemed to be substantially complete on January 22, 2009 and is undergoing technical and financial review.
--In addition, a Notice of Intent (NOI) was issued by the DOE on February 18, 2009 to provide grants based on $2 billion in stimulus funding under the Advanced Battery Manufacturing Initiative (ABMI), a cost share grant program for the manufacture of advanced battery systems in the United States.

Financial Highlights:
--Ener1 year-end results include operations at Enertech International for November and December.
--Revenues for 2008 were $6.8 million compared to $280 thousand in 2007. Revenues and gross profit at Enertech for the two months were $5.0 million and $1.0 million respectively.Fourth quarter 2008 revenues were $6.3 million.
--Operating expenses were $36 million in 2008 compared to $21 million in 2007 as Ener1 increased research and development expenditures for customer and government projects.
--Research and development expenses were $23 million.
--General and administrative expenses were $11.6 million in 2008.
--Net loss per share was $.42 in 2008 compared to $.85 in 2007
--Weighted shares outstanding were 103.3 million in 2008 compared to 72.9 million in the prior year
--Shareholder's equity now stands at $103 million compared to negative $7 million at December 31, 2007.
--Ener1 total assets are $142 million compared to $31 million in 2007.

- Investment:
--Ener1 purchased $21.3 million of equipment during 2008, of which $7.2 million was financed through capital leases.At year-end, Ener1 had remaining CAPEX commitments under the expansion program of $6.4 million.

- Liquidity:
--Cash at year end was $14 million
--Ener1 has a $30 million loan facility with Ener1 Group to finance operations during 2009
--Enertech has bank loan availability of which $9 million was available at year-end
--Cash used by operations was $24.5 million in 2008 compared to $26.7 million in 2007

"2008 was an important year for Ener1 on a number of levels," commented Chairman and CEO Charles Gassenheimer. "We built the foundation for tremendous growth during a challenging year. Our investment in capacity has led to our customer traction tripling in the last 5 months. We believe that we have all of the pieces to fully execute on our plan and look forward to a challenging, but rewarding 2009."

Management will host a conference call this afternoon at 5:00 p.m. EST to discuss the fourth quarter results and give guidance on the company's financial position and discuss important company announcements. The accompanying management presentation will be Webcast live with the audio call, and may be viewed on the Ener1 website at ENER1. To participate in the audio call, please dial (888) 713 4205 from within the United States, or (617) 213 4862 from outside the United States. The participant pass code is 68442120.

Source : http://www.theautochannel.com (3/12/2009)


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