http://www.maxauto.co.za/CntView.aspx?CatID=26&CntID=1451
Mitsubishi announced a new joint venture with France’s PSA Peugeot Citroen to launch a new sports utility vehicle.
The Japanese manufacturer said it had entered into a new partnership with PSA to launch a compact SUV in Europe by 2012. Available in four- and two-wheel drive, Mitsubishi will avail 50 000 units annually of the vehicle to the French group annually.
The two carmakers already have an agreement in play with Peugeot’s 4008 and the Citroen C-Crosser being sister models to the Mitsubishi Outlander. PSA will supply turbodiesel engines.
The revised agreement was announced on Tuesday when Mitsubishi announced its return to profitability. The carmaker’s global sales were down 10% on the previous year, with big markets North America and Europe taking hits. However, Asia sales were robust with the Chinese market recording a 64% increase.
-------------------------------------------------------------------------------------------------
Son gets dad's Veyron impounded
http://www.maxauto.co.za/CntView.aspx?CatID=26&CntID=1452
Even if your dad is a stupefyingly wealthy director of one of Europe’s biggest technology companies and a former F1 team sponsor, he’s not going to be thrilled if you manage to get his Bugatti Veyron impounded.
This is exactly the unfortunate state of affairs which befell young Dutchman Thurs Perridon recently.
See, Thurs is the son of Michel Perridon - former sponsor of the Spyker F1 team and director of Trust International BV.
The elder Perridon is not a man of humble means by any stretch of the imagination. He was the first owner of a Bugatti Veyron in the Netherlands and is a keen petrolhead.
Now though, he could be without his $2.4m hypercar as Thurs was caught doing 160km/h in an 80km/h zone near Rotterdam’s airport.
Speeding is regarded as a serious crime in the Netherlands (they invented the speed camera after all) and not only has Thurs lost his license (no fun for a 22-year old) but his dad’s Veyron has been impounded too.
You could only imagine the tone of Thurs’s phonecall after being caught…
-------------------------------------------------------------------------------------------------
Porsche recalls Panameras for seat belt defect
http://www.maxauto.co.za/CntView.aspx?CatID=26&CntID=1453
Toyota has finally made something sexy - recalls.
While this is a bold statement, the mainstream media is now obsessed with every single recall. Case in point, Bloomberg is reporting that Porsche has announced a recall of the 2010 Panamera for a "theoretical problem with the safety belts."
Porsche discovered, in internal testing, that accelerating and reversing repeatedly could cause the seat belt to release. The 11,324 Panameras will be fixed when they are taken to a dealership for scheduled maintenance.
Big headlines for minor recalls, thanks Toyota.
-------------------------------------------------------------------------------------------------
Honda reports a $2.9 billion profit for the year
http://www.maxauto.co.za/CntView.aspx?CatID=26&CntID=1454
After Ford reported the good news yesterday that it was back in the black, now it's Honda's turn to show its healthy profit margin.
For the fiscal year ending on March 31, Honda reported a $2.9 billion (€2.18 billion) profit on $92.3 billion (€69.4 billion) in total sales - a 96 percent rise over the previous year.
Honda also reported a $774 million (€582 million) profit for the first quarter of this year with a 28 percent growth in sales. The Japanese automaker benefiting from rising demand in China and India, as well as recovering markets in the US and Europe.
The automaker expects the next fiscal year to be even better - projecting a $3.7 billion (€2.78 billion) profit on gross sales of $100.4 billion (€75.5 billion).
In this last fiscal year Honda sold 3.4 million vehicles and 2.6 million motorcycles. Honda's sales projection for fiscal year 2010 calls for a volume of 3.6 million vehicles.
Posts
No comments:
Post a Comment