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Lamborghini reports drop in profits
Wed, 10 Mar 2010Lamborghini has announced a pre-tax loss of £32m for 2009 as the world recession led to a slump in supercar sales. Lambo delivered 1515 supercars last year, down 38% from 2008's 2430. Turnover dropped 41% to £215m. It's a far cry from the dizzy heights of the boom years.
Volvo's Mean Green semi breaks records in Utah
Wed, 02 May 2012The Volvo hybrid truck, a.k.a. Mean Green, achieved two world speed records at Wendover Airfield in Utah, one for the standing kilometer and one for the flying kilometer. It didn't hit its planned top velocity of 165 mph, but 147 mph is still a respectable speed for a truck originally meant for hauling trailers down a highway.
Fiat dual-clutch transmissions are planned for North American products
Thu, 05 Nov 2009During the next five years, Chrysler Group's powertrain lineup will be transformed from one dominated by larger-displacement engines to one dominated by Fiat-derived four-cylinder engines, V6s and, eventually, electric vehicles. Chrysler also said Wednesday that it will add Fiat-designed dual-clutch transmissions in its North American products. The company also will launch its new Pentastar V6 engine on the 2011 Jeep Grand Cherokee in the second quarter next year, said Paolo Ferrero, Chrysler's powertrain chief.