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TOKYO, Japan (AFP) — Japanese car giant Toyota said Friday it is recalling more than 2.4 million hybrid cars over a fault that could cause crashes, just a month after an another recall affecting hybrids. The firm in September said it was recalling more than one million hybrid cars globally after uncovering a technical problem that could cause fires. The latest recall affects several models of Toyota’s Prius and its Auris hybrid vehicles produced between […]
by Roland JACKSON Agence France-Presse LONDON, United Kingdom (AFP) — James Bond’s favorite carmaker Aston Martin on Wednesday launched on the London stock market, valuing the British luxury sports car brand at £4.3 billion ($5.6 billion, 4.9 billion euros). Aston, which has a long-running association with the fictional British spy, said in a statement that it has priced its initial public offering (IPO) at £19 per share in the middle of its stated range. The […]
MOSCOW, Russia (AFP) — Russian arms maker Kalashnikov on Thursday presented its new electric car inspired by a rare 1970s model, saying the new technology will rival Elon Musk’s Tesla. The brand, best known for the AK-47 machine gun, presented the decidedly retro-looking pale blue prototype, the CV-1, at a defense expo outside Moscow. The look was inspired by a Soviet hatchback model developed in the 1970s called “Izh-Kombi,” a statement on the Kalashnikov website […]
by Nova SAFO Agence France-Presse CHICAGO, United States (AFP) — Bill Ford Jr., the great-grandson of the American car-maker’s founder, stood in front of thousands Tuesday in Detroit, with an abandoned train station in the background, and entwined the company’s future with that of the dilapidated building behind him. “This station is a symbol,” Ford declared. “We’re making a big bet on our future.” The company — one of America’s “Big Three” automakers — bought […]
by Céline Cornu Agence France-Presse Sant’Agata Bolognese, Italy (AFP) — Lamborghini, the fabled Italian sports car manufacturer, on Monday unveiled its new sport utility vehicle, accelerating into a fast-growing market already crowded with upmarket rivals. The Urus, as the four-wheel drive “super SUV” will be known, was revealed at the Volkswagen group-owned company’s historic home near Bologna. It will reach a top speed of 305 kilometers per hour (190 mph), can go from zero to 100 kph […]
LOS ANGELES, United States (Reuters) — The century-old Los Angeles Auto Show kicked off its press preview earlier this week with a focus on how to make green cars more connected. In addition to the stunning debut of many new cars from top brands, the cooperation between IT companies and automakers has grabbed the most spotlight. IT giant Microsoft unveiled its cloud computing service platform for green cars at the show. Many car manufacturers said […]
(Reuters) — 40-billion-dollars is roughly the size of Jordan’s GDP. And that’s also the amount of cash Volkswagen is going to splash in the next 5 years to gain ground in the electric and driverless car race. “We are seeing the first successes of this strategy. Volkswagen is in robust health. This is, above all, the result of great teamwork.” Volkswagen Chairman, Hans Dieter Poetsch, said. Competition in the sector is strong and VW has […]
CHIBA, Japan (AFP) — Japanese giant Nissan Wednesday unveiled a new electric car with an extended range and semi-autonomous driving functions, as it seeks to battle off competitors in a sector it once pioneered. The second-generation Nissan Leaf has a potential range of 400 kilometers (250 miles) between charges, compared with 250 kilometers for its previous version. It also boasts semi-autonomous driving capabilities such as keeping the vehicle automatically in one lane on the motorway […]
WASHINGTON, United States (AFP) — The United States branch of embattled German carmaker Volkswagen announced Tuesday it was recalling 281,000 vehicles to fix a faulty fuel pump in another blow to the company’s image. While the number is far smaller than the 11 million cars worldwide recalled in the “dieselgate” emissions cheating scandal, including about 600,000 vehicles in the US, news of another problem comes as the company is trying to restore its image with […]
TOKYO, Japan (AFP) — Toyota said Friday it would discuss strengthening its partnership with Mazda as reports said they were close to a deal on a capital tie-up and building a $1.6 billion factory in the United States. The move comes as the Japanese auto industry is facing uncertainty over President Donald Trump’s drive to support US firms over foreign imports. He had earlier strongly criticized Toyota over its ongoing project to build a new […]
NEW YORK, United States (AFP) — Volkswagen must pay an additional $154 million to California to settle state environmental charges in the latest penalty in the scandal over its use of emissions “defeat devices,” regulators announced Thursday. The sum is on top of $533 million VW already paid to California in the so-called dieselgate conspiracy, in which software allowed cars to pass emissions tests, while still spewing nitrogen oxide far above legal limits. “This payment […]
STOCKHOLM, Sweden (AFP) — Swedish carmaker Volvo said Thursday it will start assembling cars in India this year in a move into a fast-expanding market where it has had only a small presence until now. Volvo Cars said in a statement that it was teaming up with truck manufacturer Volvo Group to build cars at the latter’s existing plant in Hoskote near Bangalore. While sharing the Volvo name, Volvo Cars has not actually been part of […]
