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May sales slide 4 percent on rising fuel prices, tight vehicle supplies
Wed, 01 Jun 2011U.S. light vehicle sales dropped 4 percent in May--the first decline since August--as rising gas prices, inventory shortages, higher stickers and economic jitters curbed demand. The pace of sales last month--11.78 million units on an annualized basis--was the year's lowest and marked the first seasonally adjusted total below 12 million units in seven months.
KTM halts production of the X-Bow two-seater as inventory grows
Mon, 24 Aug 2009With sales well below expectations and 80 units reportedly unsold, Austrian motorcycle company KTM has temporarily halted production of the ultralight X-Bow two-seat sports car. KTM officials originally expected sales of 1,000 units a year. But that lofty goal is being scaled back to between 200 and 300 units a year.
BMW M3 race car (2008): first official pictures
Mon, 11 Feb 2008By Ben Pulman First Official Pictures 11 February 2008 09:18 Porsche and Ferrari watch out. BMW is returning to the American Le Mans Series in 2009 with the M3. And it’s going to be quick.