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Audi Sport Quattro Concept grips the 2013 Frankfurt Motor Show
Tue, 10 Sep 2013Audi has revealed the Sport Quattro Concept here at the 2013 Frankfurt Motor Show – 30 years after it first showed the original Sport Quattro at the same Frankfurt show in 1983. A retro-inspired but thoroughly high-tech concept, it packs a 700hp V8 plug-in hybrid engine for explosive performance that has an unexpected green twist, too.
Car production increases again
Thu, 19 Sep 2013THE SOCIETY of Motor Manufacturers and Traders (SMMT) said UK manufacturers built 91,282 cars in August, up 16.2%, or 12,705, on the same period in 2012, leaving year-to-date volumes 3.1% ahead of 2012, at 984,545. The figures showed 20,298 cars were made for the home market this year, up 21.1%, while 70,984 were for export, up 14.8%. SMMT chief executive Mike Hawes said: "The past 12-months has been one of the most productive since late 2008." Samuel Tombs, of consultancy Capital Economics, said the CBI figures showed the manufacturing sector "continuing to go from strength to strength".
GM posts wider loss, burns through $5.2 billion in cash
Thu, 26 Feb 2009General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.