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Toyota & Lexus news at 2009 Tokyo motor show
Wed, 21 Oct 2009The vibe on the Toyota stand is subdued, yet upbeat at the same time. They're chuffed to bits with their new products on show, but we can't help remembering Japan's – and the world's – premier car maker's $4.9 billion loss last year. And it's forecast to lose a similar amount in 2009.
Saab’s Chinese Takeaway goes cold
Thu, 12 May 2011Saab loses Hawtai investment There’s nothing worse than a cold Chinese; all congealed and unappetising. A reality Victor Muller woke up to today when the news broke that the much-trumpeted investment by China’s Hawtai in Saab had turned sour. But it wasn’t exactly unexpected.
Volkswagen 'will build the XL1' - Piech
Thu, 27 Jan 2011Volkswagen will build the radical 313mpg XL1 eco cigar in 2013, Ferdinand Piech revealed at the Qatar motor show. In an interview with Automotive News, the VW chairman said: 'We want to go into series production with this car starting in 2013.' He insisted it would go on sale to real people, not just as media demonstrators. And VW chief exec Martin Winterkorn added the XL1 would be sold in Europe first, then be rolled into the US and Chinese car markets.