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Toyota charity puts boots on the ground in Detroit
Wed, 09 Jan 2013For the second year in a row, Toyota has chosen to celebrate the opening of the Detroit auto show with a philanthropic gesture. In order to help homeless women and children in the Detroit area, Toyota's “Walk in my Boots” community project will partner with Moosejaw, a Michigan-based outdoor retailer, to donate new boots to residents of The Salvation Army Denby Center for Children and Family Services in Detroit. Toyota will also be providing a luncheon buffet for the residents when they deliver the boots and donating $10,000 to the facility to help with operations' costs.
News watch October 2012: today's industry news
Wed, 31 Oct 2012Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hou Wednesday 31 October 2012• It's emerged GM's European 2012 earnings are down nearly half a billion dollars in Europe, where it now expects to lose $1.5bn to $1.8bn before interest and taxes for the full year (DetNews)• Ford has posted a third-quarter net profit of $1.63bn (£101bn) - almost matching its eventual profit total for the entire year 2011. Despite painful losses in Europe (Ford expects to lose $1bn in Europe alone this year) a resurgent North American market has buoyed Fords sales even higher than previous forecasts (Automotive News Europe)• Fiat CEO Sergio Marchionne has weighed in against Republican presedential nominee Mitt Romney, who argued that a move towards Chinese production would harm American jobs.
BMW confirms 5-series hybrid for March arrival in the United States
Fri, 30 Sep 2011When it comes to hybrids, BMW doesn't take the understated route, cranking up the power and loading eco technologies into some of its most decadent models. The 7-series, the X6--they will never be mistaken for a Toyota Prius. But now comes the mean and green version of the 5-series, called the ActiveHybrid 5, and the Bavarian luxury maker confirmed late Thursday that the car will arrive in U.S.