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Archive for the ‘Auto Business’ Category

Lexus To Offer No-Haggle Policy At Dealers

On Saturday, August 8th, 2015
Lexus The automotive world hasn’t seen no-haggle pricing in the US since Saturn collapsed in 2009, but Lexus is about to bring it back. The idea originated in company discussions with dealers two years ago, with dealers saying that a segment of potential buyers didn’t enjoy negotiating a price. In order to find out how firm ...

Audi Exec Denies Plans For Turbo R8

On Saturday, August 1st, 2015
2017 Aaudi-r8 Sometimes smoke doesn’t lead to fire. Rumors indicated Audi might drop a turbocharged engine into the latest R8, but now a top executive is throwing a bucket of cold water onto the burning speculation. “The performance potential of this current engine means we don’t need to even look at turbocharging at this point,” Jürgen Königstedt, ...

Daimler And Renault-Nissan Alliance Start Manufacturing Joint Venture in Mexico

On Wednesday, July 29th, 2015
Daimler and Renault-Nissan Alliance Start Manufacturing Five years after their strategic cooperation was established, Daimler and the Renault-Nissan Alliance have significantly expanded their collaboration with the start of a manufacturing joint venture in Aguascalientes in central Mexico. The new business entity COMPAS (Cooperation Manufacturing Plant Aguascalientes) is 50:50 owned by Daimler and Nissan. The partners will invest a total of US$1 ...


2016 Mitsubishi Outlander Ranked Number One On Cars.Com List Of Most Affordable 3-Row Crossovers

On Tuesday, July 7th, 2015
2016 Mitsubishi Outlander Mitsubishi Motors today announced thatthe new 2016 Outlander received a first place ranking on the Cars.com list of most affordable 3-row crossovers. The 2016 Outlander, which features an unprecedented number of engineering and design improvements, appeals to buyers who want value, quality and safety with standard three rows of seating. The 2016 Outlander has a ...

Evatran Gets $1.6 M Investment For Its Wireless EV Charging Business In China

On Sunday, July 5th, 2015
Evatran-Plugless-l2 Evatran Group, Inc. has completed a 1.6 Million investment from Chinese automotive parts maker Zhejiang VIE Science and Technology Company (VIE), to introduce wireless electric vehicle charging product to China, the world’s largest EV market. China surpassed the United States for the largest electric vehicle market in the world, by sales volume, in late 2014.The partners began conversations ...

Reinvigorated Lexus Sets All-Time Sales Record In June 2015

On Saturday, July 4th, 2015
Reinvigorated Lexus 2015 Lexus Australia achieved an all-time sales record in June, confirming the luxury marque’s strong growth and increased recognition in the local market. Lexus sold 1186 vehicles in June, surpassing the previous record of 1106 set in October 2007. Lexus Australia chief executive Sean Hanley said the unprecedented result underlined the newfound energy in Lexus backed ...

BMW Group And NTU Embark On S$1.3 Million Electromobility Research

On Wednesday, July 1st, 2015
BMW Group and NTU embark BMW Group and Nanyang Technological University (NTU Singapore) today launched a new electromobility research programme, involving the all-electric BMW i3 and plug-in hybrid sports car BMW i8 that runs on electricity and petrol. This new research programme will be conducted at the Future Mobility Research Lab located on the NTU campus, which is the BMW ...

Hyundai Motor Breaks Ground On Fifth Chinese Plant In Chongqing

On Wednesday, June 24th, 2015
Hyundai Motor Breaks Ground Hyundai Motor breaks ground on its fifth manufacturing plant today in the Liangjiang New Area of Chongqing, China. Hyundai Motor’s Vice Chairman Euisun Chung, Communist Party Secretary of Chongqing Sun Zheng Cai, Korea’s Ambassador to China Jang-Soo Kim, the Mayor of Chongqing Huang Qifan, Beijing Automotive Group Chairman Xu Heyi and other 600 distinguished guests ...

Toyota Land Cruiser 2.8-Litre D-4D Diesel Price And Specification

On Sunday, June 21st, 2015
Toyota Land Cruiser Toyota’s mighty Land Cruiser gains a new engine this summer, ensuring the go-anywhere SUV remains one of the finest all-round propositions on the market. At the same time, equipment specifications have been upgraded and extra models have been added to the line-up. New 2.8 D-4D engine The three and five-door Land Cruiser both adopt the ...