Officials at Japan’s Suzuki and Nissan cited the future government incentives as an impetus for growth, while South Korea’s Hyundai Motors cited the improving economic environment for its optimism in Indonesia. “Indonesia is so hot for the auto industry because the economy is growing significantly,” said Jongkie Sugiarto, president director of Hyundai’s Indonesian unit. The […]
Jan 20 2012 | Posted in
Automobiles |
Read More »
General Motors released the financial statement of 2011 operations earlier this week. According to the report, the company has seen profits for the first time after bankruptcy in 2009. The US government extended a helping hand in bringing one of the biggest companies to shore and now has a 27 percent share in GM. The […]
Jan 6 2012 | Posted in
Automobiles |
Read More »
Electric cars now-a-days offer a more efficient, powerful and cost-effective solution to everyday commute, but the initial costs are taking the toll on sales. According to a recent survey, the sales of electric vehicles are not to see any substantial increase in the next five years, unless there is a sudden spike in the oil […]
Jan 6 2012 | Posted in
Automobiles |
Read More »
More bad news for environment friendly vehicles as the US National Highway Traffic Safety Administration (NHTSA) has taken serious notice of Chevrolet Volt’s battery stability in post-accident conditions. The NHTSA has been persistently keeping tabs on the performance and safety of electric vehicles. In particular, the Chevy Volt has caught their eye in some road […]
Nov 29 2011 | Posted in
Latest News |
Read More »
General Motors cracked the production problems they have been facing of late. In an announcement on Monday, GM North America President Mark Reuss said that they will be reopening their discarded Spring Hill plant in Tennessee. The carmakers had been facing shortfalls in the production because of a sudden blip in sales last quarter; especially […]
Nov 22 2011 | Posted in
Business,
USA |
Read More »
Federal Board of Revenue still unclear on Hummer’s classification Federal Board of Revenue (FBR) is yet to make a decision whether General Motors signature car, Hummer, be classified as a luxury or commercial vehicle. According to the law, taxes levied upon imported vehicles vary as per their category. If a car is classified as a […]
Nov 15 2011 | Posted in
Business,
Pakistan |
Read More »
After last year’s Earthquake and Tsunami, Honda Motor Company, Ltd. are struck with another catastrophe that might hinder its annual production of cars especially the most anticipated new 2012 model, Honda CR-V in the US and Canada. The company is facing shortage of components at its Japanese manufacturing plants due to the Monsoon flooding in […]
Nov 1 2011 | Posted in
Business |
Read More »
Swedish car manufacturers, Saab Automobile AB, more commonly known as SAAB, have announced that the Chinese Automobile giants Pang Da Automobile Trade Co., Ltd and Zhejiang Youngman Lotus Automobile have agreed to purchase the company assets, liabilities and equities for 100 Million Euros. The process of the acquisition has started and is expected to complete […]
Oct 31 2011 | Posted in
Business |
Read More »
Japanese and European brands lead the way in top 100 reliable vehicles of 2011 in the latest survey conducted by Consumer Reports. Over 1.3 Million vehicle owner were surveyed during the research that was conducted in the first quarter of 2011. Only those cars with more than 100 responses were included in the survey. Toyota […]
Oct 27 2011 | Posted in
Sci-Tech |
Read More »
