Volvo designer Peter Horbury moves to China’s Geely Group
Volvo Car Corp. styling chief Peter Horbury is moving to the Swedish automaker’s sister brand, Geely Group, as senior vice president design.
Volkswagen Group quarterly profit increases on Audi A6, Tiguan demand
Gallery – 21 images
Volkswagen AG is seeing some positive turns in numbers for the third-quarter with a 46 percent increase in operating profit for both the Volkswagen Tiguan, and the Audi A6. The operating profit increase works out to $4.05 billion, up roughly $2 billion from last year, with revenue increased by 25 percent, as well.
Marc-Rene …
Why not share this?
D3 Group bringing 1,001-hp Cadillac CTS-V Coupe Le Monstre to SEMA 2011
The current CTS-V Coupe has never been a slow or subtle car; with over 550 bhp and its edgy looks, the car stands out enough for everyone except the folks at the D3 group.
These tuners have thrown on a matte black wrap, body kit and a stroker 7-liter V8 LSA belting out 1,001 bhp and 1,000 ft-lbs of torque for this year’s SEMA show. The car will be at the Toyo both and will be wearing Proxes T1R UHP tires: 275/30ZR20 at the front and 345/25ZR20 at the back. Naturally suspension and brakes have received …
Why not share this?
Volkswagen Group Operating Profits Soar 86 Percent in the First 9 Months of 2011
Whereas the rest of the European carmakers such as PSA Peugeot and Citroen and the Fiat Group are facing troubled times, the German auto industry is enjoying one of its most prosperous eras ever. On Thursday, Europe's largest automaker, the Volkswagen Group, announced that it has earned more in the first nine months of 2011 than in the whole of 2010. The company's operating profit surged to €9.0 billion (US$12.5 billion) from January through September, up from €7.1 billion in fiscal 2010 an…
Why not share this?
Back in Black: Fiat’s Chrysler Group Posts its First Absolute Profit, $212 million
Chrysler Group, the post-Daimler, post-Cerberus, Fiat-run automaker nearly left for dead two-and-a-half years ago, has posted its first quarterly net profit. For the third quarter of 2011, Chrysler’s net profit was $212 million. That compares with an $84 million net loss for the third quarter of ’10, and a $370 million loss for the second quarter of this year.
The positive news comes on the heels of the United Auto Workers’ rank-and-file approval Wednesday night of a four-year contract with Chrysl…
Why not share this?
Chrysler Group sends Mopar rides to SEMA
Chrysler is taking more than 30 Mopar-modified cars to the 2011 SEMA show, all of which will be sitting in the company’s 28,400-square-foot display area. More than 500 Mopar parts will be displayed.
Why not share this?
HDT Special Vehicles Debuts Holden Commodore Group A Plus Pack Modifications
Australian motorsports group HDT Special Vehicles has released a new Heritage Series car based on the Holden Commodore. The treatment, called Group A Plus Pack, bears the signature of HDT’s founder, Australian racer Peter Brock. Brock, who founded HDT in 1980, was killed during a racing accident in September 2006.
The latest HDT car is based on a Commodore SSV with its 6.0-liter V-8 engine upgraded to 470 hp. (The erstwhile Pontiac G8 was based on the Holden Commodore.) Upgrades include Bilstein suspe…
Why not share this?
DealBook: Santander to Sell Stake in U.S. Auto Financing Group
As it looks to shore up its books, Spain’s Grupo Santander announced a deal to sell a 35 percent stake in its American automotive financing unit to a group of private equity firms.
Why not share this?
BMW Group to Launch MINI Brand in India in Early 2012, Prices to Start from Over 25 Lakh or $51k
The BMW Group's MINI brand is getting ready to add another important market to its belt as the Bavarian automaker announced on Monday that it will launch the firm's small premium models in India starting from 2012. "I am pleased to announce that the Mini will be introduced in India in 2012," said BMW India President Andreas Schaaf. "We had developed a new Mini ten years ago from the scratch. India is the only country where Mini has not been introduced. So, I think, it will be as s…
Why not share this?
VW Group Says "Nein" to Suzuki’s Request to Return its Shares
The feud between Volkswagen Group and Suzuki Motors Corp. continued on Monday as the German automaker issued a press statement saying that it has no intention to sell its 19.9 percent stake in the Japanese company despite the latter's request to disband their partnership. The VW Group said it will keep its stake in Suzuki Motor Corp. "unchanged," adding "the discussion between both parties will be exclusively conducted internally" and that "it will not comment on any further…