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Used car sales hit record high
Tue, 08 Apr 2014USED CAR SALES were at their highest in five years in 2013. There was a 0.9% increase in used car trades, with more than 6.8 million exchanges of ownership recorded, though this is still some way behind the previous record high of 7.8 million used car sales in 2008. Analysis from Experian shows cars aged nine years old or over were among the strongest performers in the used car market, with sales up 6% in 2013 compared to the previous year.
Subaru BRZ Turbo confirmed
Tue, 06 Dec 2011Subaru BRZ Turbo - which should be good for 300bhp Subaru in the US has confirmed that they are planning to build a turbo version of the new Boxer engine in the BRZ to create the Subaru BRZ Turbo. Finally, after promises that it was on its way for what seems like ever, we saw the arrival of the production versions of the Subaru BRZ and Toyota FT-86 at Tokyo (which had a small name change and arrive as the GT86). But what was a disappointment was that despite Subaru saying the BRZ would come with ‘less than 300bhp’, it actually came with almost exactly the same power as the GT 86 – a much less enticing 200bhp.
Ford cuts CEO's compensation 37%
Wed, 25 Mar 2009Ford Motor Co. CEO Alan Mulally earned $13.57 million in total compensation in 2008, a 37 percent decline, as the automaker avoided seeking a federal bailout while posting a record loss. Mulally will take an additional 30 percent cut in salary this year and next as he battles a global financial crisis and the worst U.S.
