State-run banks are not planning to give automobile loans at concessional interest rates despite a suggestion from the department of
heavy industry (DHI) to create a special package for the auto industry to boost demand.
The all-new Ford Fusion Hybrid is now officially America’s most fuel efficient mid-size car with a certified 41 mpg rating in the city and 36 mpg on the highway, topping the Toyota Camry hybrid by 8 mpg in the city and 2 mpg on the highway.
“The new Ford Fusion Hybrid not only significantly exceeds the [...]
President Bush made it clear last Friday morning that he was not eager to lend federal money to General Motors and Chrysler. Unlike Senate Republicans, though, Bush saw that the alternative to an auto industry loan was a chaotic collapse that would cripple the national economy.
BMW has revealed details about a green supercar that will have it’s starting point on the M1 Hommage. The eco-friendly BMW could be even on the market by 2012. The car
is set to show off all of BMW’s environmental qualifications, perhaps giving this segment the luxurious touch it needs. Technology that’s being used on this [...]
Cerberus Capital Management, current majority stake holder in Chrysler, is offering its entire equity stake in the carmaker to help it restructure and gain federal loans. The move is also designed to comply with one of the provisions in the Presidential loans initiative, which was approved late on Friday by President Bush. The loans require [...]
As the seventh generation of Mercedes-Benz’s venerable mid-size, mid-luxury sedan winds down, the firm is proud to announce that it’s produced 1.5 million units of the E-Class since its introduction six years ago. Broken down by body style, there were 1,270,000 sedans delivered to customers and 230,000 wagons.Germany and the U.S. represented the strongest market [...]
