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Hummer bought by Sichuan Tengzhong
Wed, 03 Jun 2009Hummer is to be bought by Chinese Company Sichuan Tengzhong Heavy Industrial Machinery. We’ve got used to quite a number of Chinese car companies lately. BYD have been in the news with their MOU with VW, and BYD has also hit the headlines with its new car battery technology for EVs and of course its 2.0 litre clone Porsche Cayenne.
Akio Toyoda named Toyota president amid global crisis
Tue, 20 Jan 2009Akio Toyoda, scion of Toyota Motor Corp.'s founding family and now its next president, will bring a U.S. perspective to the automaker as it battles falling sales and an unprecedented financial crisis. Toyoda, 52, will succeed current President Katsuaki Watanabe in June, the company said Tuesday, ending weeks of speculation.
Suzuki take Volkswagen to court
Thu, 24 Nov 2011Suzuki are seeking to get their shares back from VW The partnership between Volkswagen and Suzuki promised so much. VW wanted an easy way in to the car market in India – where Suzuki is very strong – and in return Suzuki wanted access to the sort of technology – hybrid and EV – it couldn’t really afford to develop independently. And all looked rosy when VW took a near 20 per cent stake in Suzuki in 2009 But things started to go a bit awry when VW insensitively referred to Suzuki as an ‘associate’, where it could pull all the right strings, in its annual report.
