Nov20
Ford Motor Co. plans to invest 2 billion reais ($1.15 billion) in Brazil through 2015, most of it on a plant in the northeastern Bahia state, to expand production and benefit from expected growth in Latin America's largest economy, the state governor said on today. As part of the investment plan, which will be officially unveiled in a ceremony with President Luiz Inacio Lula da Silva later today, Brazil's government will extend state and federal tax breaks to Ford, Bahia state...
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Nov19
Porsche puts out another track-car, the 911 GT3 R. Volkswagen has closed a 3-week-long hiring period with great success. Also, the Internet Rumor Mill has a bunch of goodies. Toyota-Subaru's partnership has some more news info on the FT-86 Concept, and could Ferrari be working on a GTO version of the 599GTB? That's all today, plus Shakedown with Leo Parente. Hosted by Derek DeAngelis.
Forecaster J.D. Power & Associates said today that it expected U.S. auto industry sales to increase slightly on an adjusted basis in November from a year earlier due to stable retail sales and growth in fleet sales. U.S. auto sales are expected to grow by 0.4 percent in November when taking into account two fewer selling days this year than last year, J.D. Power said. The seasonally adjusted annualized rate of sales, a key measure for economists, is expected to rise to 10.2 million...
Nov18
Shoppers looking to buy the safest 2010-model cars will have 67 fewer choices this year than they did in 2009. That's because the test for safety ratings got a lot tougher. A new roof-strength requirement aimed at protecting passengers in rollover crashes cut the number of top-rated vehicles to 27 for the 2010 model year, compared with 94 in 2009. The Insurance Institute for Highway Safety added the roof test to the already-rigorous tests it uses to address increasingly specific...