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Car manufacturing halted in Japan

Nissan cars awaiting export wrecked by Tsunami In the wake of the devastating earthquake and Tsunami that struck Japan last week, the domestic car industry has ground to a halt. Honda, Toyota, Nissan and Mitsubishi have all now said they are halting all production until at least Wednesday in order to allow time to address damage, and to allow staff to make contact with family in affected areas. But it’s not just the damage to plants that’s the problem.

Chrysler quadruples profit in first quarter

The Chrysler Group is riding high on first-quarter profits this year that totaled $473 million. That's quadruple what it made last year during the same period. Revenue rose 25 percent to $16.4 billion, while U.S.

Wraps come off revised Touareg

VOLKSWAGEN has announced prices and specifications for its revised Touareg, ahead of the SUV hitting the showrooms in November. Priced from £43,000, two versions of VW’s 3.0-litre V6 diesel engine will be offered, while the inclusion of an eight-speed auto gearbox has resulted in the entry level 204 horsepower variant emitting just 173g/km CO2 – 11g/km less than before. On the outside, the new Touareg features revised bumpers and grilles, new alloy wheel designs, new colours and bi-xenon headlights as standard.