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Rolls Royce to set up shop in South America

Rolls Royce showrooms planned in South America The paradox of the current economic malaise  is that luxury goods – and luxury cars in particular - seem immune from the problems of the mainstream. Rolls Royce – to many still the epitome of luxury motoring – is doing very well, and is now planning an expansion in to South America. The cynical may say that Rolls Royce want a piece of the drug money floating round South America in their coffers, but South America is far more than a bunch of drug barons freely spending illicit cash.

European car sales down 5.2%

EUROPEAN UNION car sales are still sagging despite the return of modest economic growth. For the first eight months of the year, passenger car sales were down 5.2% to 7.84 million compared with the same period last year, the European Auto Manufacturers' Association said - the lowest January-August figure since the group started keeping records in 1990. New car registrations in August fell five per cent from a year ago to 653,872.

Toyota talks powertrain plans

After trailing many of its competitors in the recent engine- and transmission-technology wars, Toyota Motor Corp. will launch a swath of powertrains in the next several years, a top powertrain r&d executive said. Koei Saga, senior managing officer in charge of drivetrain r&d, said that Toyota is investing heavily in turbocharged engines, larger displacement Atkinson cycle engines, continuously variable and fixed-gear automatic transmissions, and new hybrid and fuel cell technologies.