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BMW works hard to avoid gas-guzzler tax
Thu, 05 Aug 2010BMW AG hopes to get out from under the gas-guzzler taxes that are tacked on to the sticker prices of some of its high-performance models in the United States. Jim O'Donnell, president of BMW of North America, says the company is studying fuel-efficiency improvements that could eliminate the gas-guzzler taxes on its vehicles as early as the launch of their redesigns in the next few years. The 2010 550i GT incurs a $1,000 gas-guzzler fee, for example.
Chevrolet Volt uses parts made from oil-collecting booms
Tue, 21 Dec 2010General Motors is transforming about 100 miles of boom material used to soak up oil in the Gulf of Mexico into auto parts for the Chevrolet Volt. The oil-soaked plastic material collected off the Alabama and Louisiana coasts will keep more than 100,000 pounds of waste from the nation's landfills. The project is expected to make enough plastic to supply the first-year production of Volts with plastic parts for under the hood.
American Suzuki to pull out of U.S. auto market, file Chapter 11 bankruptcy
Mon, 05 Nov 2012American Suzuki Motor Corp., beset by low sales, cutthroat competition and unfavorable foreign exchange rates, said it will pull out of the U.S. auto market and file for Chapter 11 bankruptcy protection. The company, in a statement today, said it will continue its motorcycle and marine engine business units and will continue to honor customer warranties.