24/7 News Coverage
November 05, 2009
Toyota to build big research centre in China: report
Tokyo (AFP) Nov 5, 2009
Toyota Motor Corp. will spend hundreds of millions of dollars to build a research centre in China to develop vehicles for the fast growing market there, a newspaper said Thursday. The world's largest automaker will build a new centre with a full-scale test course near Shanghai, the Nikkei business daily said, adding construction was likely to begin as early as next year. Total investment ... read more

Senegal inaugurates assembly plant for Chinese buses
Thies, Senegal (AFP) Nov 4, 2009
President Abdoulaye Wade on Wednesday hailed Senegal's cooperation with China while inaugurating an assembly plant for Chinese buses built with a multi-million-euro (-dollar) Chinese loan. "This inauguration is the occasion to praise the excellence of the relations between Senegal and China," Wade said at the opening of the plant in the western city of Thies. The construction was made ... more
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  • North America Automobile Sector Bottom Of 'World Sustainability League'
    Belfast, UK (SPX) Oct 30, 2009
    The study, entitled Sustainable Value in Automobile Manufacturing, looks at the sustainability performance of 17 leading car manufacturers worldwide between 1999 and 2007. It has been published by researchers from Queen's University Management School in Belfast, in partnership with researchers from the Euromed Management School Marseille, and the Institute for Futures Studies and ... more

    VW counts on China for 2009 profit
    Frankfurt (AFP) Oct 29, 2009
    Volkswagen, Europe's biggest carmaker, said Thursday that third quarter profit plunged 85.7 percent on a 12-month basis but that it should still end the year in the black thanks to the Chinese market. VW said its third quarter net profit fell to 172 million euros (253 million dollars) while operating profit was down 81.3 percent to 278 million euros. The results were nonetheless slightly ... more

    Zero-emission scooter to debut in Japan
    Tokyo (AFP) Oct 29, 2009
    A Japanese zero-emission "hybrid" scooter to be released next year runs 10 times as economically as a petrol engine bike and can be assisted by human pedal power, its maker said Thursday. The Miletto, developed by auto equipment maker PROSTAFF Co. Ltd., will make its debut at 156,900 yen (1,730 dollars) in 12 colours, the company said. "It normally runs with battery power, but on a steep ... more

    China's Geely faces challenge of protecting Volvo image: analysts
    Beijing (AFP) Oct 29, 2009
    Geely Automobile's confirmed bid for Volvo is evidence of China's growing economic clout, but the company will face the tough challenge of ensuring the Swedish brand's reputation for safety, analysts say. US auto giant Ford said Wednesday it had tapped Zhejiang Geely Holding Group as the preferred bidder for its Volvo Cars nameplate and would step up negotiations with a consortium led by the ... more

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  • Huge growth potential in China: Nissan CEO


  • Plugging Into An Electric Vehicle Revolution


  • Ford taps China's Geely as favored bidder for Volvo


  • GM Daewoo welcomes ban on Russian car "copying"
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    Solving Hydrogen Storage Limit To Power Green Cars
    Amherst MA (SPX) Oct 28, 2009
    Hydrogen fuel, because its only byproduct is steam, should be the ultimate in green alternatives to fossil fuels, but it hasn't delivered on its promise yet because of one enormous stumbling block, storage. Now a team of chemical engineers at the University of Massachusetts Amherst has developed a computational model that shows that carbon nanotubes may offer a surprising solution. Results ... more

    Costs Of Plug-In Cars Key To Broad Consumer Acceptance
    Ann Arbor MI (SPX) Oct 27, 2009
    A University of Michigan survey shows widespread consumer interest in buying plug-in hybrid electric vehicles (PHEVs). But the cost of the cars is much more influential than environmental and other non-economic factors as a predictor of purchase probabilities. The survey of a nationally representative sample of 2,513 adults age 18 and over was conducted between July and November 2008 as ... more

    Japanese automakers rev up efforts in hydrogen cars
    Tokyo (AFP) Oct 25, 2009
    Imagine a car that can be refuelled in minutes but emits only water. Sounds like science fiction? In fact it already exists -- Hollywood star Jamie Lee Curtis has one. So does Honda president Takanobu Ito. Yet while some see them as the ultimate environmentally-friendly automobiles, the high production cost means that affordable hydrogen-powered fuel-cell cars are still more of a dream than ... more

    Saab secures 400-million-euro EIB loan
    Brussels (AFP) Oct 21, 2009
    Swedish carmaker Saab was on Wednesday granted a loan of 400 million euros (600 million dollars) by the European Investment Bank, the EU's long-term lending bank said. The money, mainly targeted at cleaner and more fuel-efficient production, marks a huge step towards the purchase of Saab from its US parent company General Motors by Swedish sports car maker Koenigsegg and Beijing Automotive ... more

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  • Toyota unveils new hybrid luxury sedan


  • As Car Sales Top 10 Million China Sues Fiat Over Stealing Secrets


  • Parker Commercializes Hydraulic Hybrid System For Delivery Vehicles


  • Bangladesh capital gridlocked for 7.5 hours a day: study
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