BMW Raises 2010 Earnings Forecast

German premium automaker, BMW AG, has raised its 2010 pretax profit and sales forecast. The company cited better-than-expected earnings and higher demand for luxury automobiles in a number of global markets.

Posted in In the News

UAW Begins Picketing Toyota Dealers in California, New York

On Monday, UAW president, Bob King, announced that active and retired union members have begun picketing Toyota dealerships in California and New York. The protests, he said, are to bring attention to Toyota’s closing of the New United Motor Manufacturing Incorporated (NUMMI) plant in Fremont, California and to pressure it to allow unionization of its other U.S. plants.

Posted in In the News

EcoMotors Receives $23.5 Million Investment from Bill Gates, Vinod Khosla

Microsoft Corporation Chairman Bill Gates and venture capitalist Vinod Khosla have invested $23.5 million in Series B funding in EcoMotors International for use in development and testing of its trademarked opposed piston-opposed cylinder opoc® engine technology.

Posted in In the News

Mitsubishi Looks to New Models to Increase U.S. Sales, Market Share

President of Mitsubishi Motors Corporation, Osamu Masuko, has definite plans to revive falling U.S. sales. Overall, the auto industry in the U.S. is up 17%; however, Mitsubishi’s sales have been flat, and its market share has gone down from 0.6% to 0.5%.

Posted in In the News

Toyota, Tesla May Use RAV4 and Lexus RX for Testing Prototypes

In May, Toyota Motor Corporation and electric-car startup Tesla Motors Incorporated launched a new partnership to build battery-powered electric vehicles. According to a source familiar with the matter, the new venture will use Toyota’s RAV4 and Lexus RX models as the platforms for their first test models.

Posted in In the News

Smart USA Launches Custom Color Program for ForTwo Minicar Owners

To bolster its sagging sales, Smart has launched a customization program for owners of its ForTwo minicar. The program allows owners to customize their vehicles using either vinyl exterior wraps or by replacing the six interchangeable body panels.

Posted in In the News

Subaru Seeks to Improve, Unify Design While Maintaining Engineering Focus

As most other major automakers have struggled to survive the recent U.S. recession, Subaru is among the few to actually grow its sales and gain market share. Now, the automaker is focusing on improving its designs to broaden its appeal and build on its recent gains.

Posted in In the News

Buick-GMC Dealers Have Few Options for Budget Conscious Pontiac Owners

Since killing the Pontiac brand, General Motors Company’s customer retention efforts have been on migrating orphaned customers to the Chevrolet brand. For some Buick-GMC dealers, the loss of the Pontiac brand has been a bitter pill to swallow.

Posted in In the News

Last PT Cruiser Rolls Off Mexican Assembly Line

On Friday, the PT Cruiser officially became a collector’s item as the last production model rolled off an assembly line at Chrysler’s Toluca, Mexico factory to make way for production of the Fiat 500 small car.

Posted in In the News

Nissan Says Leaf’s Range Varies Widely Depending on Numerous Factors

For months, Nissan Motor Company has been claiming that its new Leaf battery electric car will have a range of 100 miles under typical driving conditions. Now the automaker says the Leaf’s actual range may be only half that under certain driving conditions which most consumers would consider typical.

Posted in In the News

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