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| Audi vehicle sales rise 0.8% in May |
| 2008-06-07 06:19:00 |
AUDI AG sold more than 426,200 vehicles worldwide from January to May, an increase of 1.5 percent. In the month of May, Audi increased sales to 88,200 vehicles, up an additional 0.8 percent versus the strong prior-year month. The strongest growth drivers were once again the Asia/Pacific and Eastern Europe regions.“We have set a sales target of one million vehicles for 2008, expecting strong year-on-year growth in the second half of the year”, says Audi Chairman Rupert Stadler. And: “With the sales figures for the first five months, we are already ahead of schedule.”Audi’s first half of the year is characterized by the A4 model changeover. The market introduction of the A4 Sedan was...
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| Send Fathers Day Gifts to India - Infibeam.com |
| 2008-06-07 02:30:00 |
Placing orders for gifts on father's day has never been so easy at Infibeam. On this august occasion, browse through Infibeam's online store of books, watches, mobiles, health equipment, cars, designer cars, and bikes to make a loving gift to your dad.Father's day is a significant secular festival celebrating the positive role that fathers play in the family. This event is widely celebrated in countries like the United States, United Kingdom, the European Union, and other countries.Of late, this festival has become popular in India too. Since ancient times, Indians has a tradition of respecting and venerating their parents for their countless services to their children. On this day, children thank their fathers for the innum...
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| Honda Canada announces May sales results |
| 2008-06-06 08:04:00 |
TORONTO - Honda Canada Inc reported an all-time monthly sales record with combined record May sales of 18,892 units by its Honda and Acura divisions, a 4% increase over last May. The Honda Automobile Division reported record May sales of 16,896 units, up 3%, with a record for the most sales ever in a single month. The Acura Division reported April sales of 1,996 units, up 13% over last year."The price of fuel is becoming a more significant factor in the purchase decision for Canadian consumers, and Honda is benefiting from that trend, with a good supply of fuel efficient Civic and Fit models. The all-new Pilot and Accord have also been well accepted as best in class fuel efficient vehicles,"...
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| Goodyear receives Hino Motors' quality excellence award |
| 2008-06-06 08:03:00 |
Akron, Ohio - Hino Motors Manufacturing U.S.A. Inc. today presented The Goodyear Tire & Rubber Company with its Quality Excellence Award for commercial tires on Hino medium-duty trucks.Hino Motors Manufacturing said the award was given to Goodyear for "outstanding product quality." Goodyear supplies Hino Motors, a Toyota Group Company, with a variety of truck tires, including Unisteel G149 RSA RH and G182 RSD regional-service tires.Steve McClellan, Goodyear's vice president of commercial tire systems, said, "We continue to seek ways to improve quality for our products and services, but this recognition from Hino Motors Manufacturing proves our efforts are working. Receiving a qualit...
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| Hyundai Auto Canada achieves best month of sales in 25-year history |
| 2008-06-06 08:02:00 |
MARKHAM, ON - For the second month in a row, Hyundai Auto Canada Corp. smashed all previous records by achieving its best month of sales in the company's 25-year history. May 2008 represents Hyundai Canada's best month on record with over 9,500 vehicles sold."Our 25th anniversary year has been a remarkable one for Hyundai Canada," said John Vernile, vice president, sales and marketing, Hyundai Auto Canada Corp. "So far in 2008, we've outsold some of our toughest competition, we've sold our one millionth vehicle, we've recorded back-to-back record-breaking months of sales, and thanks to our Anniversary Pricing, we are running out of 2008 product faster tha...
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| BMW Group sales up 3.9% in May 2008 |
| 2008-06-06 07:36:00 |
Munich - The BMW Group increased its automobile sales once again in May. 133,496 BMW, MINI and Rolls-Royce vehicles were delivered to customers (prev.yr.: 128,434) in the month under review. This represents a gain of 3.9%. For the year to May, sales climbed 6.7% to reach a total of 618,731 vehicles (prev.yr.: 579,745). This is the first time in the company’s history that more than 600,000 vehicles have already been sold by the end of May.BMW brand grows by 2.0%For the BMW brand, deliveries rose 2.0% to 110,704 automobiles (prev.yr.: 108,515) in May. 515,989 units were sold for the year to the end of May. That represents an increase of 4.4% over the same period last year (494,417). Once again the main growth drivers were models of the BMW 1 Series which re...
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| New BMW G 450 X for professional competitive racing |
| 2008-06-06 07:29:00 |
Over the last 80 years BMW Motorrad has made off-road history time and time again. The marque is now closely involved in off-road sports as never before and is premièring an uncompromising, pedigree sport enduro in the attractive displacement class of the 450 model series: The new BMW G 450 X - a motorcycle exclusively developed for the enduro sport and the most demanding competitive races in the world. A machine that is ready to compete the moment it arrives from the factory.The background to the development of such a machine is the knowledge that competition-oriented enduro motorcycles represent a parameter with growth potential in the motorcycle market. Markets such as USA, Australia, and also Spain, already register - nearly traditional - stable sales in the off-road sector and BMW Mo...
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| Ford Motor reports May sales |
| 2008-06-05 10:54:00 |
DEARBORN, Mich. - For the second time in its nine-year history, Ford Focus sales eclipsed the 30,000-unit milestone in May.Focus sales totaled 32,579, up 53 percent compared with a year ago. Retail sales to individual customers more than doubled (up 105 percent). The first time was October 2001, when industry sales soared in response to zero-percent financing."Our dealers are selling the Focus at unprecedented turn rates," said Jim Farley, Ford group vice president, Marketing and Communications. "In fact, Focus' retail sales were 91 percent of beginning inventory, which puts it in the same league as the industry's best-selling small cars. This is a strong statement about customer demand for Ford's newest small car."Ford is mo...
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| Saab Turbo X arrives at dealership around USA |
| 2008-06-05 10:54:00 |
Detroit - The all-black Saab Turbo X, which made its world debut at the Frankfurt auto show last year, is now arriving at Saab dealership around the United States. Celebrating thee decades of Saab turbocharging leadership and the first to feature Saab’s state-of-the art Cross-Wheel Drive system, the limited-edition Turbo X is a driver-focused performance car that is already being hailed as an instant classic.As an added bonus, American Turbo X customers who ordered their car before February this year, are being offered the opportunity to participate in the specially created Turbo X Driving Academy – courtesy of Saab. The first sessions of this exhilarating two-day event are taking place this week at the storied Road Atlan...
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| Free PUC check-up for Tata Motors passenger vehicles |
| 2008-06-05 10:54:00 |
Tata Motors is organising free PUC (Pollution Under Control) check-up for its cars and utility vehicles on June 5, 2008. As part of the PUC check, emission related components would be checked and rectified. These include air filters, catalytic convertors, fuel injection pump, fuel injection timing, and engine compression. Customers participating in this initiative will be issued PUC certificates for vehicles that clear the emission level check.This being done on the occasion of World Environment Day on June 5, 2008.As part of this initiative, 40 select dealerships and service centres from the following cities will participate: Ajmer, Bangalore, Bhubaneshwar, Chandigarh, Chennai, Gurgaon, ...
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| Mercedes-Benz announces best May sales |
| 2008-06-05 10:54:00 |
MONTVALE, N.J. - Mercedes-Benz USA (MBUSA) today reported its highest May on record with sales of 21,785 new vehicles, a 0.1 percent increase over last May. Sales for the month brought MBUSA's year-to-date volume to 99,703 new vehicles, a 1.1 percent increase compared to the first five months of 2007.Passenger car sales of 16,416 vehicles showed an increase of 4.6 percent over last May. Sales of the legendary SL roadster, one of MBUSA's first 2009 models to hit dealer showrooms, increased by 60.4 percent (1,083 vs. 675 units). The volume leading C-Class also demonstrated impressive growth with an increase of 43.9 percent for the month (7,394 vs 5,139 units). In the light truck category, the award-winning M-Class SUV incre...
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| Toyota America sales fall in May |
| 2008-06-05 10:54:00 |
TORRANCE, Calif. - Toyota Motor Sales (TMS), U.S.A., Inc., today reported May sales of 257,404 vehicles, a decrease of 7.9 percent from last May, on a daily selling rate basis."The all-new Corolla really found its stride this month," said TMS President Jim Lentz. "Launched amid soaring fuel prices and economic uncertainty, Corolla strikes a sweet spot for buyers seeking refinement in addition to fuel efficiency and affordability."The Toyota Division posted May sales of 230,811, a decrease of 6.3 percent from last May. The Lexus Division reported May sales of 26,593 units, a decrease of 19.6 percent from the year-ago month.Toyota DivisionToyota Division passenger cars recorded May sales of 152,652 units, down 0.9 percent ove...
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| Skoda Auto issues sustainability report |
| 2008-06-04 07:34:00 |
Skoda Auto has today issued its 2007/2008 Sustainability Report. The document is a third report describing the environmentally-friendly and socially responsible policies of the Czech Republic's largest car manufacturer.The Report consists of three basic parts as required by the relevant sustainability report methodology, i.e., Financial, Social and Environmental sections, and presents key indicators in each of these three pillars.The 2007/2008 Sustainability Report has been made in two languages, Czech and English. To reflect its environmental character and minimise the consumption of resources, the Report is primarily distributed in electronic form downloadable at Skoda Auto website.The Company's Sustainability Re...
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| Mercedes-Benz still leader in safety after 50 years |
| 2008-06-04 07:34:00 |
Fifty years ago, Daimler-Benz created a key part of passenger car safety - the wedge-pin door lock.This patented piece of safety equipment was introduced into the production of Mercedes-Benz cars a year later and prevented vehicle doors from bursting open or becoming jammed shut in accidents.The Mercedes-Benz 220 (W 111) was the first car to have the new wedge-pin lock and it is well known for being a milestone vehicle in the history of car safety.A rigid passenger cell, front and rear crumple zones and the wedge-pin lock made the car a pioneer of safety.Fitted with a redesigned interior which removed all hazardous corners and edges, the car was the first ever made to have an integrated safety body.Fifty years on, Mercedes-Benz is continuing its high sta...
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| Saturn Vue & Saturn Sky win 2008 Auto Pacific Vehicle Satisfaction Awards |
| 2008-06-03 07:44:00 |
Detroit, Mich. - The all-new 2008 Saturn Vue crossover SUV and the 2008 Saturn Sky roadster, which have helped lead Saturn’s aggressive product renaissance, have won their respective segments in the 2008 Auto Pacific Vehicle Satisfaction Awards (VSAs). The Vue, totally redesigned for 2008, placed first in the Compact Crossover SUV segment. The Sky roadster, introduced in 2006 and the first vehicle to usher in Saturn’s dramatically revised product lineup, won the Sports Car segment. The VSAs, which measure owner satisfaction on 46 different attributes, are driven by data collected from thousands of new car and light truck buyers. They are based on surveys mailed to owners of n...
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| Mercedes-Benz delivers 300,000 units of new C-Class in Model's first sales year |
| 2008-06-03 07:44:00 |
In the year since its market launch, the new Mercedes-Benz C-Class is continuing the success story of the predecessor model: more than 300,000 customers have purchased either a sedan or station wagon variant of the new model since it’s official introduction on March 31, 2007.“The sedan got off to an excellent start, and since its premiere at dealerships at the end of last year, the new C-Class station wagon has also been enjoying high popularity,” says Dr. Klaus Maier, Executive Vice President Sales and Marketing Mercedes-Benz Cars. “Both models, in fact, have posted growth rates of 70 percent on the corresponding periods from the prior year since their respective launches. As a re...
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| Maruti Suzuki announces May 2008 sales performance |
| 2008-06-03 07:44:00 |
New Delhi : Car market leader Maruti Suzuki India Limited sold 69,001 vehicles in May 2008. The company had sold a total of 59,400 vehicles in May 2007. The company exported 4,858 units in May 2008. Maruti's volume in the A3 segment grew by 18.7 per cent, while the A2 segment posted a growth of 14.5 per cent during the month. The A1 segment grew by 25.2 per cent. This is on account of early despatches of Maruti 800 Duo (LPG variant), which is due for launch in early June 2008. This month, Swift completed three years of its launch. It also recorded its highest ever sales, clocking 10,408 units in May 2008. The WagonR too kept pace scoring its highest ever sales during May 2008. It sol...
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| Premier of Audi TTS & Audi RS 6 Avant at dealers |
| 2008-06-03 07:44:00 |
More than 500,000 visitors took a look behind the scenes at their local Audi dealership during Germany’s first nationwide Audi Day on Saturday 31st May. Round about 600 Audi dealers took part in the “Efficiency and Sportiness” event. The new Audi TTS and RS 6 Avant models were presented at dealerships for the first time.As a special offer on this day, Audi dealerships conducted free used-car assessments and gave out the appropriate environment sticker – also for free – for each car. During tours of the Audi workshops, guests were able to see Audi’s high technical standards for themselves and witnessed the inner workings of their Audi dealer.The day was rounded out with an interesting program of events and a big prize game. Many dealerships also o...
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| TVS Motor registers 4% sales growth in May 2008 |
| 2008-06-03 07:31:00 |
TVS Motor Company has posted 4% growth registering total two wheeler sales of 112,770 units in May 2008 against 108,151 units in the corresponding period of the previous year.During the month, the company's motorcycle sales posted 10% growth recording 54,717 units in comparison to 49,651 units recorded in May 2007.The recently launched variant of Apache RTR has contributed handsomely to the growth of motorcycle sales of the company, reporting 60% growth in its segment over the last year. This motorcycle sports new aerodynamic tank scoops, which add to the visual appeal and coerces direct airflow on to the engine to keep it cool. The company has also introduced data logging for the first time...
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| Seton to unveil automotive leather interior trends at WARD'S Auto Show |
| 2008-06-02 07:47:00 |
FARMINGTON HILLS, Mich. - To demonstrate how its hand-crafted, premium leather and leather-wrapping process can contribute to a more luxurious vehicle interior, Seton Company - a leading global supplier of high-quality leather for automotive interiors – will participate in a panel discussion titled "Redefining the Premium Interior" at the WARD'S Auto Interiors Show to be held June 4 and 5 at Detroit's Cobo Center.Lorene Boettcher, design manager for the automotive leather division of Seton, will discuss the latest trends in automotive leather in a presentation titled "The Tailored Interior." The panel discussion will take place on Wednesday, June 4 at 2:10 p.m. in room D2 09-10. Boettcher will also provide perspective...
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| Mercedes-Benz customer service centre celebrates 10th anniversary |
| 2008-06-02 07:47:00 |
Customer service and brand loyalty are key components of the success of Mercedes-Benz and the firm’s main customer service centre is celebrating its tenth anniversary.The Customer Services Centre in Maastricht, Holland, has been serving Mercedes-Benz buyers for the last decade and covers customers in 13 European countries, including the UK and Ireland."The international makeup of the workforce, and the great expertise on hand, mean that we offer existing and potential customers a range of services that’s unique in the automotive industry," said Dr Frank Reintijes, head of global services and parts.H...
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| Mercedes-Benz plans to buy Chrysler Pacifica Advanced Design Center |
| 2008-06-02 07:47:00 |
Mercedes-Benz is entering into talks surrounding a bid to buy the former Chrysler Pacifica Advanced Design Center in California.If the purchase goes through it would give the iconic centre a second life after it was closed to streamline operations at Chrysler earlier this year.The region is synonymous with car design and Mercedes-Benz has its own studio about 51 miles to the north.According to reports from auto-motor-und-sport, the move would mean that Mercedes-Benz designers would relocate from their current base into the Chrysler centre which is more than double the size.If Mercedes-Benz moves into the building it will work alongside the Advanced Des...
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| Mercedes-Benz boasts ‘impressive’ range of cleaner vehicles |
| 2008-06-02 07:47:00 |
The technological advances in cleaner motoring by Mercedes-Benz have been recognised by Jato Dynamics.A review into the emissions average of the range of models developed by automakers put Mercedes-Benz into the top ten and said that the vehicles produced an average of 188.4g of CO2 for every 0.62 miles, motor trader reports.Nasir Shah, global business development director at the firm, claimed that the whole motoring industry has made "incredible advances in reducing CO2 emissions".Manufacurers producing smaller cars tend to dominate the polls but Mr Shah said that the product ranges brought to the market by Mercedes-Benz were equally notable.He said the contribution from the range was ...
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| Hyundai Motor India expands traffic squad in Delhi |
| 2008-05-31 07:29:00 |
New Delhi - The India International Centre in the national capital witnessed 100 student volunteers taking an oath to help maintain traffic safety and order on Delhi’s roads. The occasion was the induction of students into the Student Traffic Volunteers Scholarship Scheme, (STVS) which is sponsored by Hyundai Motor India Ltd. The Student Traffic Volunteers Scholarship Scheme (STVS Scheme), which was conceptualised by Institute of Road Traffic Education (IRTE) has evolved as a unique public-private partnership initiative between the Delhi Traffic Police and Hyundai Motor India. The concept took shape in 2006 with the induc...
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| AutoPacifi announces results of 2008 model year vehicle satisfaction research |
| 2008-05-31 07:29:00 |
Tustin, California - A study released today by noted automotive consulting firm AutoPacific, Inc. summarizes the results of its 2008 model year vehicle satisfaction research. AutoPacific's Vehicle Satisfaction Award (VSA) is an industry benchmark for objectively measuring how satisfied an owner is with their new passenger car or light truck. In a year that promises to be the toughest in a decade, owner-based awards like AutoPacific's Vehicle Satisfaction Award will help customers make their purchase decisions. The brand with the highest satisfaction rating is Cadillac. The vehicle - car or truck - registering highest overall satisfaction in 2008 is the new-for-2008 Toyota Sequoia Large...
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| Hond announces prices for new ruel-efficient Honda Pilot |
| 2008-05-31 07:29:00 |
TORONTO - The all-new, completely-redesigned 2009 Honda Pilot sport-utility vehicle will debut at Canadian dealerships on June 10 with increased performance and improved fuel economy, enhanced safety features with a projected 5-star crash rating, a variety of new technologies and added content starting at a Manufacturer's Suggested Retail Price (MSRP) that is unchanged from last year's previous model."The timing is right for the new Pilot sport-utility vehicle that provides Canadians with class-leading fuel efficiency for an 8-passenger sport-utility vehicle," said Jerry Chenkin, executive vice president of Honda Canada Inc. "Advanced engine technologies, including Honda's innovative Variable Cylinder Management, help improve Pilot's fuel efficiency to give...
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| Nissan achieves Japan's automobile recycling targets |
| 2008-05-31 07:29:00 |
Tokyo - Nissan Motor Co. Ltd., today shared the progress report on its recycling efforts for the fiscal year 2007 (April 2007 to March 2008). This is the second consecutive year that Nissan has exceeded its target recycling rates for end-of-life vehicles (ELVs) in accordance with the Japan Automobile Recycling Law.Nissan recovered 97,195.7 tons from the 134,935.7 (661,213 vehicles) tons of Automobile Shredder Residue (ASR). This represents a recovery ratio of 72.0%. The Japan Automobile Recycling law stipulates a target of 70% recycling rate by 2015.Nissan recovered 614,601 airbag-related products from 297,803 vehicles through recovery processing and on-board deployment operations. The a...
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| New business plan for 2008-2010 - Piaggio Group |
| 2008-05-30 08:09:00 |
Piaggio & C. S.p.A. chairman and chief executive officer Roberto Colaninno presented the Piaggio Group 2008-2010 Business Plan to the Board of Directors last night.Over the next three years the Piaggio Group will be concentrating on the challenges presented by the international light mobility market, with a special focus on technological innovation, to compete on world markets as an innovator sensitive to fuel consumption and the environment.The 2008-2010 Plan guidelines are based on:• an investment focus on technological innovation geared to the environmental sustainability of Group products and to guarantee lower urban transport costs;• international growth in terms of industrial and commercial expansion on the main world markets as well as imp...
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| Ford's easy fuel system for Ford, Lincoln & Mercury product lineups |
| 2008-05-30 06:46:00 |
DEARBORN - Ford is helping thousands of customers save time and keep their hands clean at the fuel pump.The Easy Fuel capless fuel-filler system is a Ford-exclusive feature that uses an integrated spring-loaded flapper door to eliminate the need for a fuel tank screw cap. That means no more fumbling to remove and tighten the cap and less fuel odor on customers’ hands or gloves when they’re at the pump.These are just two of the reasons behind Ford’s decision to offer Easy Fuel as standard equipment across the Ford, Lincoln and Mercury product lineups, according to Pamela Wylie, Ford t...
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| First full-LED headlamp for Audi R8 |
| 2008-05-30 06:42:00 |
Ingolstadt – Effective immediately, the range of equipment available for the Audi R8 sports car now also includes the first full-LED headlamp. In addition to the daytime running light which now features 24 LEDs per headlamp, light-emitting diodes are also used for the turn signals, the low-beam and the high-beam headlights. The €3,590 option rounds out the list of equipment available for the high-tech, mid-engine sports car.The earlier launch of LED technology at the front of the car required a waiver by the European Union. The prominent advantages are lower energy consumption and a color that more closely resembles daylight, provides greater contrast and is easier on the human eye. LEDs are also non-wearing, require a lower voltage, are compact and offe...
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| Audi - sponsor of HypoVereinsbank Ladies German Open |
| 2008-05-30 06:40:00 |
Ingolstadt/Munich – The tournament has teed off: today marks the first day of the first professional golf tournament for ladies in Germany being staged in seven years. Audi is Presenting Sponsor of the HypoVereinsbank Ladies German Open held at “Gut Häusern” on the outskirts of Munich.Audi uses the premiere of the Ladies German Open to present its “Vorsprung durch Technik” in numerous activities. Ten selected female pros have the opportunity to experience Audi’s technology advantage in a very personal way: Audi is providing them with Audi A3 Cabriolets for the duration of the tournament.At a Pro-Am tournament, the golf course first belonged to the amateurs. At Audi’s invitati...
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| Management changes in Volkswagen & Audi Communications |
| 2008-05-30 06:38:00 |
Peter Thul (45) will become the new Head of Brand and Product Communications for Volkswagen AG effective June 1, 2008. He succeeds Hans-Gerd Bode (47), who is leaving VW. In his new position, Thul will report to Stephan Grühsem, Head of Communications for the Volkswagen Group. The successor to Peter Thul as Head of Audi Product Communications will be Stephan Öri (46). He will report to Toni Melfi, Head of Communications for AUDI AG.Thul was Head of Audi Product Communications from November 1, 2004 to the end of May 2008. Prior to that he was Head of the Press Department at Mazda Germany. Before his employment at Mazda, he had held several managemen...
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| ACDelco to promote service centers & parts at Automechanika Middle East 2008 |
| 2008-05-29 08:03:00 |
Dubai, United Arab Emirates - ACDelco, the world’s largest provider of branded automotive spare parts, is building its presence at this year’s Automechanika Middle East Show in Dubai around an innovative and interactive ‘Car Clinic’ themed stand, specially designed to demonstrate how the brand can provide both parts and services to customers to ensure a healthier car for the duration of its life.Demonstrating its commitment to the region, ACDelco has more than doubled the size of its stand since last year and will use the show, which is being held at the Dubai International Convention & Exhibition Centre (1st to 3rd June), to promote its wide range of ‘All Makes, All Models’ parts and expanding networ...
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| DOE takes delivery of Chevy Equinox electric vehicle |
| 2008-05-29 08:03:00 |
WASHINGTON, D.C. - With the addition of a Chevy Equinox fuel cell electric vehicle to its fleet of alternative fuel and advanced technology vehicles, the U.S. Department of Energy (DOE) today joined the team of pioneers - from regular families to media, celebrities and businesses - helping to make fuel cell vehicles a reality.For the next six months, DOE employees will use the Chevy Equinox electric vehicle to conduct day-to-day business while sharing real-world performance data. The initiative is part of Chevrolet's "Project Driveway," an innovative market test that is helping bring fuel cell electric vehicle technology to market.Project Driveway is an important facet of Chevrolet's "Ga...
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| Hyundai selects Davie Brown Entertainment for 2009 Hyundai Genesis launch |
| 2008-05-29 08:03:00 |
LOS ANGELES - Davie Brown Entertainment, a leading entertainment marketing consultancy, announced today that it has been retained by Hyundai Motor America to strategically lead all entertainment initiatives within film, television, music, branded entertainment and industry influencer outreach for the 2009 Hyundai Genesis."Davie Brown is the perfect marketing partner to assist us in a targeted entertainment marketing campaign for the Genesis," said Monique Morin Kumpis, experiential marketing manager, Hyundai Motor America. "Genesis provides a potent combination of performance, luxury and value. We think it has the opportunity to be an extremely disruptive force in the large sedan...
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| Renault-Nissan alliance develop fuel cell-powered electric vehicles |
| 2008-05-29 08:03:00 |
PARIS – A zero-emission motoring future has moved two steps closer thanks to environmental commitments from the Renault-Nissan Alliance.For the initial step, Renault-Nissan Alliance will mass-market electric vehicles in Israel and Denmark in 2011 as announced at the beginning of this year. Moreover, Nissan has recently announced its plans to start selling electric vehicles in the US and Japan by the end of 2010.And for the second step, Renault-Nissan Alliance is developing fuel cell-powered electric vehicles. Two prototypes are currently in an advance...
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| Ryuji Yamamoto records fastest lap for second time this season |
| 2008-05-28 07:30:00 |
17-18 May, Thruxton Circuit, England Rounds 7 and 8 of the Formula Renault UK Championship were held at Thruxton circuit (3.7916km/lap), approximately 100km southwest of London. 19 years old Ryuji Yamamoto, entered in Formula Renault through a scholarship from NISSAN Motor Co., Ltd.(Nissan) and NISSAN Motor Sports International Co., Ltd. (NISMO), finished a little off-form in the qualifying sessions, seventh and eighth due to engine failure, but came 5th in the first race. He also recorded the fastest lap time for the second time this season, and there was much to gain from this round. In the second race however, he collided with a young driver, the car toppling violently onto its side, resulting in retirement for Yamamoto.After an accident in the previous race, a new monocoque had to be u...
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| Ford takes historic step for major cut in greenhouse gas emissions |
| 2008-05-28 07:28:00 |
DETROIT and NEW YORK - Ford joined religious and other institutional shareholders to announce on April 9, 2008 that it is the first U.S. auto company to spell out how it plans to reach the goal of reducing by at least 30 percent the greenhouse gas (GHG) emissions from its new vehicle fleet by 2020. Two months later, General Motors, which has not yet taken such an action, will face on June 3, 2008 a shareholder resolution calling for a comparable plan for a greenhouse gas emissions cut.The GM resolution is filed by the Sisters of St. Dominic of Caldwell, N.J. and 14 other members of the Interfaith Center on Corporate Responsibility (ICCR). The resolution also has the support of many institutional investors that are members...
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| ZENN prices previously announced preliminary short form prospectus financing |
| 2008-05-27 07:15:00 |
ZENN Motor Company Inc has entered into an agency agreement with Paradigm Capital Inc. and Cannacord Capital Corporation in respect of the best efforts offering of common shares contemplated by the Corporation's preliminary short form prospectus dated May 7, 2008. Under the terms of the agency agreement, the Corporation will offer up to 3,735,000 common shares at a price of $3.75 common share for gross proceeds to the Corporation of up to $14,006,250.The Agents have been granted an over-allotment option for a period of 30 days following the closing of the offering to arrange for the sale of up to 325,000 Common Shares sold under the offering at $3.75 for total additional proceeds of up to $1,218,750.The Corporation anti...
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