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Hyundai, Kia retract mileage claims
Fri, 02 Nov 2012Hyundai and Kia overstated the estimated fuel economy on more than 900,000 U.S. vehicles sold over the past two years and will compensate owners for the faulty claims, a newspaper reported. In addition, the South Korean partners will lower the fuel-economy estimates on most of their 2012 and 2013 models, the Detroit News said.
Cadillac teases Detroit 2013 concept at Pebble Beach
Tue, 21 Aug 2012Cadillac teased a new concept car at the weekend at Pebble Beach to be unveiled in the steel at an unnamed American auto show early next year. We'll see you on the GM stand in Detroit then. During a press event Cadillac's Global Design Director Clay Dean said it was time for the brand to "reflect back not for nostalgia, but what made us great at the time." There were no further details about what we can expect from the concept but from what we can see from these renders is what appears to be a further move away from the geometry of the Art and Science form language towards a more sculptural surface treatment intersected by sharp, precise creases.
Volkswagen to take full control of Porsche
Thu, 05 Jul 2012Volkswagen Group's decision to take full control of Porsche Automobil Holding SE's carmaking business is seen as positive by analysts. VW said it has agreed to buy the remaining 50.1 percent of Porsche SE's automotive business that it doesn't already own for 4.46 billion euros ($5.54 billion), ending a seven-year takeover saga that divided two of Germany's most powerful families. The agreement means Volkswagen can now fully fold the Porsche automaking business into its stable of brands, which range from Audi and Bentley sedans to Skoda and Seat volume models and Ducati motorbikes.