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Volkswagen buys stake in Suzuki
Wed, 09 Dec 2009Volkswagen will buy nearly 20 percent of Suzuki for $2.5 billion in a deal poised to continue VW's ambitious growth plans and bolster its global product offerings. The companies announced the agreement on Wednesday, and it could close in January. The deal allows VW to draw on Suzuki's small-car capabilities and strong position in India.
Mercedes-Benz A-class gets the AMG treatment
Tue, 12 Jun 2012Mercedes-Benz has confirmed limited details about its most affordable performance model to date, the A45 AMG. Set to go on sale in Europe in early 2013, the rival to the Audi RS3 and the BMW M135i sits at the top of the third-generation A-class lineup. The price, although not yet officially revealed, is expected to start at about 50,000 euros, or $62,400 at current exchange rates).
Tesla to work with others, Roadster priced at £92k
Tue, 19 Aug 2008By Ben Oliver Motor Industry 19 August 2008 09:21 Tesla has confirmed that it is working with several major car makers to develop affordable, fully-electric city cars, with the first going on sale as early as 2010. The established car makers will use the experience Tesla has gained developing the high-performance, £92,000 Roadster as a short cut to getting their own electric cars on sale. 'Smaller Teslas in the pipeline' Tesla plans to have its Model S five-seat electric hatchback on sale by 2010 in both the United States and Europe.