World’s second largest truck manufacturer Volvo would cut a further 1,543 jobs as it plans to curtail production due to sharp fall in demand across all main markets.
Volvo in a statement declared that employees working at Construction Equipment, Volvo Trucks, Powertrain and Penta units would be affected by this decision.
The company explained that sharp decline [...]
German state minister, Hendrik Hering’s claims that Fiat is likely to bid for the US car giant’s business in Europe, were downplayed by GM’s close sources.
However the rumour, confirmed by the minister, put Fiat alongside the Canadian automotive parts group, Magna International, as the foremost bidders for GM’s business which includes Vauxhall in the [...]
Volkswagen is presenting two cars to the enthusiasts, Volkswagen Golf GTI, which is now on the road and Volkswagen GTD, which is unveiled at the Leipzig Motor Show.
The diesel powered Golf GTD, having fuel consumption of 53.3 mpg and fuel tank capacity to run more than 650 miles per fill, accelerates to 62 mph in [...]
A compact, versatile, environmentally-sensitive and attractively priced car, Citroen Nemo Multispace, has been introduced in the market by Citroen.
With fuel consumption of 60mpg, CO2 emission of 119g/km, 2,500 litre load space and £10,000 price tag, Citroen Nemo Multispace is the finest option to the customers who are more interested in good value for money and [...]
Alfa Romeo has unveiled major developments in its re-launch of the brand in global market. The main attraction at the event was the Alfa Romeo 159, Sportwagon and saloon versions.
It is designed with sporting and seductive looks and provides performance and road holding that will set new standards for this category of cars. [...]
BMW will be launching its flagship model BMW 760Li, powered by all new 5,972cc V12 twin-turbocharged engine, in September 2009. It will be BMW’s first production car featuring new 8-speed automatic transmission, giving high performance in premium segment.
The V12, all-aluminium engine produces 544hp at 5,250 rpm and delivers 750Nm of torque from 1,500 rpm [...]
BMW’s profits for last year slumped by nearly 90%, while Germany’s industrial output dropped by 7.5% in January 2009. The results indicate 4th quarter loss of €718m (£666m) which pulled BMW’s annual net profit down to €330m as against huge profit of €3.13bn it made in 2007. Revenues declined 5% to €56bn.
The car maker had [...]
The revolutionary Vauxhall Ampera would go into production in 2012, announced Carl-Peter Forster, President General Motors Europe, at the premiere of 79th Geneva Motor Show
Vauxhall Ampera will be Europe’s first electrically driven car with zero-emission capability, suitable for everyday use. The five-door Vauxhall Ampera derives its acceleration from Voltec Electric propulsion System, seats 4 passengers [...]
Volvo is introducing Ice White four-seater C70 Coupe-Convertible adding extra appeal. Available to order with price tag of £24,495 OTR, it features extra equipment worth £2,350 over standard 2.0D S model.
Externally it sports eye-catching Ice White finish. Interior is decorated with black trim and aluminium inlays, while exterior appeal is enhanced with Midir diamond cut [...]
It’s something most people with a car probably already know. Keeping your car in a safe place is a great way to reduce your overall car insurance premiums. Most people settle for parking outside their homes, leaving the car in the street. Others might park on a driveway, which does help to reduce costs but [...]
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