Car News
GM sells stake in PSA Peugeot Citroen
General Motors announced it is selling its entire 7 percent stake of 24,839,429 shares in PSA Peugeot Citroen (PSA) through a private placement to institutional investors. GM acquired the stake in PSA when it entered into its strategic alliance in March 2012.
Ford Fusion Hybrid Automated Research Vehicle announced
Taking the next step in its Blueprint for Mobility, Ford today – in conjunction with the University of Michigan and State Farm® – revealed a Ford Fusion Hybrid automated research vehicle that will be used to make progress on future automated driving and other advanced technologies.
Ford to launch 23 new models
Ford Motor Company next year will launch 23 new vehicles to customers around the world, open three more manufacturing facilities and add more than 5,000 new jobs in the United States to meet growing demand for its products.
Leonardo di Caprio and Venturi Automobiles to race in Formula E
Venturi Automobiles announced a joint venture with award-winning actor and environmental activist Leonardo DiCaprio to enter a team in the new FIA Formula E Championship – the world’s first fully-electric race series beginning in September 2014.
Mary Barra to replace Dan Ackerson as GM CEO
General Motors announced that Dan Akerson, who guided today’s GM to record profits and dramatic improvement in vehicle quality while closing the chapter on government ownership in the company, will step down as chairman and CEO on Jan. 15, 2014.
2014 Ssangyong Korando facelift
The Korando SE got a makeover inside and out, and enhanced driving refinement. Externally, the front receives an all-new treatment – a slimmed down, black mesh radiator grille, more contemporary headlights and a wider, low level air intake are the principal enhancements. The new headlight units now comprise projection lamps and LED daytime running lights for increased visibility and safety, surrounded by a stylish black and aluminium bezel. Further illumination is provided on the ELX4 model with neat round fog lamps set discreetly within the lower bumper.
Volkswagen delivers 5.4 million units until November
The Volkswagen Passenger Cars brand recorded a good delivery performance in November with volumes up 3.4 percent to 522,100 (November 2012: 504,800) units. 5.40 (January-November 2012: 5.22) million vehicles were handed over to customers from January to November, an increase of 3.4 percent.
Hyundai Intrado Concept to debut in Geneva
At the 2014 Geneva Motor Show Hyundai Motor is set to unveil Intrado, an iconic concept car that confirms the company’s ongoing commitment to innovation by previewing future developments for the brand.
Hyundai i20 WRC and N division introduced
Hyundai Motorsport has unveiled its full team line-up at a special launch event in Frankfurt today, as the manufacturer gears up for its debut in the 2014 FIA World Rally Championship at Monte Carlo next month.
BMW Group november sales, best in history
The BMW Group reported record monthly sales for November. With 174,996 BMW, MINI and Rolls-Royce vehicles delivered worldwide, sales were 2.7% higher than for the same month last year (previous year: 170,461). Between January and November 2013, sales increased by 6.8% to reach a new all-time high of 1,777,017 vehicles (previous year: 1,663,615).