Omc Evinrude Johnson Gear 353544 on 2040-parts.com

Energy Department recovers $21 million from Fisker to pay back loans

The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.

Jaguar Land Rover reports record sales and profits for 2012/2013

Jaguar Land Rover – record sales, revenue and profits Tata must be thanking their lucky stars they took a punt on Jaguar Land Rover 5 years ago when the rest of the car world thought they were a bit of a lost dog, because it’s now JLR that are the shining star in the Tata group, with Tata motor sales languishing in troubled waters. JLR has reported record figures for the 2012/2013 year, with vehicle sales hitting 374,636 (up 22 per cent), revenue up at £15.8 billion (up 17 per cent) and pre-tax profits at £1.675 billion (up 11 per cent) on the back of continuing success for all models – and especially the Evoque – and the launch of more new models to offer great promise for even better figures in 2013/2014. This models have included the new Range Rover, the Jaguar XF Sportbrake, new 4WD versions of the XJ and XF (although not for the UK) and new engine options too.

Nissan makes a big bet there's a mass market for EVs

Nissan Motor Co. CEO Carlos Ghosn is spending big money to make electric vehicles in high volumes--and soon. On Aug.