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LCV VALUES DEFY POOR CONDITIONS
Thu, 10 Oct 2013AN INCREASE in demand for four-wheel drive light commercial vehicles saw LCV values rise during December 2010, according to new figures from British Car Auctions. After reaching a low-point in November, the cold weather inspired a £37, or 0.9 per cent, rise in average LCV values to £4,067. Values were also boosted by a 25 per cent decline in the number of vehicles that came to auction during the month.
Obama calls for shared sacrifice in auto bailout
Fri, 16 Jan 2009President-elect Barack Obama says he wants to keep tough conditions on automakers that get federal loans. The companies must develop sustainable business models because it would be unacceptable "to keep them on their lifeline through taxpayer dollars in perpetuity," Obama told The Washington Post. Obama said industry restructuring will require "everybody, from labor to management to creditors to shareholders, giving something up." His comments contradict suggestions that the new administration will relax federal loan agreements reached last month with General Motors and Chrysler LLC, possibly with softer demands on the UAW.
Nissan Ellure concept
Thu, 18 Nov 2010The Ellure is one of the most significant new car concepts to be unveiled at this year's LA auto show. A D-segment-sized sedan, the project has seen input from both Nissan's studios in Japan and NDA, where the concept was completed. According to NDA design chief Alfonso Albaisa, the concept explores a new global design language Nissan is working towards for its range of sedans.