Nissan has announced its ambition to sell 200,000 vehicles in India by 2012 relying on local expertise. The Japanese carmaker has strong ambition on the Indian market. In addition to the ultra low cost car developed in collaboration with Renault and Bajaj Auto, Nissan wants to sell over 200,000 vehicles in India in the next [...]
Industry News
Spyker teams up with Lotus
The troubled Dutch carmaker has announced it has reached an agreement with Lotus to reduce costs by sharing technology. The agreement includes a Parts and Platform Commonality Agreement (PPCA), a Parts and Accessories Supply Agreement and a Design and Engineering Agreement. Lotus will provide certain parts for the Spyker C8 Aileron and will help the [...]
Tata Nano in the US
Tata wants to take over the world with the future Nano and has confirmed that the cheapest car might be sold in the US. The Indian carmaker denied a report from Conde Nast Portfolio claiming that "The model (Nano) won’t be sold in the US but has the potential to radically alter the market for [...]
GM buys Detroit headquarters for £313 million
GM has announced it has bought the headquarters it currently rents in Detroit for an amount of £313 million. Despite a £1.6 billion loss for the first quarter of this year, GM has given the green light to buy its headquarters, known as Renaissance Center, for £313 million and two other properties located in Pontiac, [...]
Renault-Nissan annouces their £1,250 car
Renault-Nissan has given the green light to the future Nano competitor due to be launched by 2011. The news doesn’t come as a surprise as Petrol-Head regularly covered the future Nano competitors the last months. Until now, the carmaker which teams up with Bajaj Auto, was studying the feasibility to build a Nano competitor. As [...]
VW to choose its US factory in July
Volkswagen’s CEO has finally announced that the company will choose its US factory in July before the company’s mid-July meeting. In an interview with the German newspaper Handlesblatt, VW Group’s CEO, Martin Winterkorn, has revealed that a decision will be made before the company’s mid-July meeting. VW Group wants a American factory to offset the [...]
Daimler to increase component sharing
Mercedes-Benz wants to increase the component sharing between its models. In an interview with Automotive News, Thomas Weber, board member of R&D for Mercedes’ parent company, Daimler, said that the carmaker wants share as many components as possible between models in an attempt to reduce costs. Current new models already shares components such as powertrains [...]
Fiat interested in Mexico for a plant
In addition to discussing with Chrysler to build Alfa Romeo models in the US, Fiat is also considering building an all-new factory in Mexico. The Italian group is seriously looking at all opportunities to find a solution to the weak dollar which might be a stumbling block to sell Alfa Romeo models in the US. [...]
Piero Ferrari and two others to invest in Pininfarina
After Tata, Piero Ferrari has announced it will buy a stake in the Italian coachbuilder. The son of Ferrari founder Enzo Ferrari, Piero Ferrari has announced it will buy a stake in Pininfarina along with two other investors involved in automotive industry: Alberto Bombassei, chairman of Brembo, and the Marsiaj family, founders of seatbelt maker [...]
Lada unveils the 2116
Lada has unveiled an all-new model, the 2116, due to be launched this year in Russia and in Europe by 2010. Codenamed “silhouette”, the 2116 is a saloon developed in collaboration with Porsche. Compared to the other models built by the Russian carmaker, the new 2116 is a huge step forward. The cars looks tame [...]
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