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Showing posts with label Cars News. Show all posts
Showing posts with label Cars News. Show all posts

Tuesday, October 5, 2010

Bugatti Veyron is top seller at Barrett-Jackson auction in Las Vegas


Barrett-Jackson Auction Co. CEO Craig Jackson has the distinction of being the highest bidder at his firm's recent sale in Las Vegas--paying $770,000, including the buyer's premium, for a 2008 Bugatti Veyron when the original winning bidder refused to pay.
Overall, the three-day auction, held Sept. 23-25, recorded sales of nearly $23 million, Barrett-Jackson said on Monday.
After the Bugatti Veyron, the highest bid at the auction was $412,500 for a 2009 Mercedes McLaren SLR roadster.

The rest of the top 10 sellers were:
-- 2010 limited-edition UFC Chevrolet Camaro, $350,000
-- 2011 Chevrolet Camaro convertible, $205,000
-- 1957 Cadillac Eldorado convertible, $165,000
-- 1981 Chevrolet Corvette coupe and a 1981 Chevrolet Corvette coupe (last one built in St. Louis and first one built in Bowling Green, Ky.), $150,000
-- 1958 Chevrolet Corvette convertible, $137,500
-- 1963 Chevrolet Impala custom two-door sport coupe, $137,500
-- 1957 Chevrolet Corvette convertible, $134,200.

Ford sales rise 40 percent, Chrysler up 61 percent as industry rebounds


Ford Motor Co. posted a 40 percent increase in U.S. sales last month and Chrysler Group soared 61 percent as the industry showed signs of rebounding from an August slump.

General Motors Co. said its sales rose 11 percent from September 2009 levels, when inventories were depleted after the U.S. cash for clunkers incentives. Among Asian automakers, Toyota Motor rose 17 percent, American Honda advanced 26 percent, Nissan North America gained 34 percent and Hyundai-Kia jumped 44 percent.
Of the first 14 companies to report, only one--Suzuki--recorded a decline last month. The results support projections that September's totals may be among the strongest so far this year.
“It's a solid month, another step in a stable, somewhat painful recovery,” said analyst Jesse Toprak of TrueCar.com. “We're still missing a catalyst to boost the selling rate past 12 million, but this may be a healthier way to recover.”

September sales were projected to reach a seasonally adjusted annual rate of 11.7 million vehicles, according to nine analysts' estimates compiled by Bloomberg.
August sales had fallen 21 percent--the year's only drop--as the industry fought comparisons to a year-earlier month that was boosted by the clunkers program.
Similarly, last month's performance was aided by comparison to September 2009, after clunkers drained sales as well as vehicle stocks. It was the third-weakest month in the weakest auto market in nearly three decades.
“It's a bit deceptive because last September was so poor after the cash-for-clunkers program ended,” said Gerald Meyers, a professor at the University of Michigan Business School and a former chief of American Motors Corp. “It seems as if auto sales in the U.S. have bottomed out and are headed up from here.”

23 out of 24
Ford increase was the automaker's highest monthly percentage increase since February's 43 percent gain. Sales boss Ken Czubay said September would mark Ford's 23rd increase in U.S. market share in the past 24 months.
September's increase lifted GM sales through nine months to 6 percent above year-earlier levels. It was the eighth monthly gain for GM so far this year, following a 25 percent August decline.
Among GM's four surviving brands, GMC led the increase with a 42 percent gain. The automaker said Buick rose 36 percent, Chevrolet was up 18.5 percent and Cadillac advanced 11 percent.
The September gain helped GM transition from holdover 2010 models to new 2011 vehicles, said GM's Johnson.
“Our plan is working,” he said in a statement. “With key products like our heavy-duty pickups, Buick Regal and the Cadillac CTS Coupe launching now, and expanded capacity for the Chevrolet Equinox and GMC Terrain hitting dealer lots, we're ready to run.”

Slow return
Chrysler said its sales increased to 100,077. Deliveries of its namesake brand rose 92 percent, helped by the Town & Country minivan and Sebring sedan. The Dodge brand increased 71 percent, Jeep climbed 65 percent, and Ram gained 22 percent.
“Chrysler is benefitting from stable gas prices and the highly visible launch of the redesigned Grand Cherokee,” Ivan Drury, an analyst for Edmunds.com. “As long as consumers are not worried about high fuel costs Chrysler should be able to maintain a decent sales pace, since 71 percent of Chrysler sales are trucks.”
The Thomson Reuters/University of Michigan final index of consumer sentiment fell to 68.2 last month from 68.9 in August. The drop was smaller than analysts estimated, evidence that the largest part of the economy may be stabilizing.
“We believe the economic recovery in the second half will be slower than the first half,” GM's Johnson said. “We do expect modest employment growth. Consumers are starting to spend, albeit cautiously.”
Nissan sold 74,205 Nissan and Infiniti vehicles. Car deliveries expanded 36 percent, led by a 65 percent jump for Altima sedans.
“This year has been a bit of a rollercoaster ride,” said Al Castignetti, vice president of U.S. sales. Sales should keep improving for the rest of 2010, particularly as light-truck demand remains strong, he said.
Automakers decreased sales incentives and discounts by an average of 2 percent from last year, which may have kept sales from gaining more, according to TrueCar.
Ford was the only U.S. automaker to raise incentive spending, TrueCar said. Ford's average discounts rose 7.4 percent from last year to $2,797 per vehicle, while Chrysler decreased incentive spending by 23 percent to $3,787 and GM cut incentives by 11 percent to $3,403.
Honda's incentive spending rose 68 percent to an average of $2,166, according to TrueCar. Toyota boosted discounts by 38 percent to $1,870, and Nissan increased them 10 percent to $2,980.
September had 25 selling days, the same as a year earlier.

Chevrolet sets base price for the 2011 Camaro convertible at $30,000


The price of the 2011 Chevrolet Camaro convertible when it hits showroom floors in February will be $30,000, including an $850 destination charge, General Motors said on Thursday.
The price is about $2,000 more than a similarly equipped Ford Mustang convertible.
The Camaro convertible will be available in the same trim levels as the coupe version. Power will come from either a 312-hp, 3.6-liter V6 or a 426-hp, 6.2-liter V8. A six-speed manual will be standard with a six-speed automatic optional.

The sticker price is a far cry from what one buyer paid last week at the Barrett-Jackson auction in Las Vegas to own Camaro convertible No. 2--the princely sum of $205,000.
The Camaro convertible is set to debut at the Los Angeles auto show on Nov. 17.

BMW to market new small-car line in U.S.


BMW AG's new front-wheel drive family of cars will be sold in the United States but the question is whether the U.S. market is ready to accept vehicles smaller than the 1-series coupe, said Ian Robertson, BMW AG board member for sales and marketing.
The new class is being called UKL-an abbreviation for lower compact class cars sold in Germany.
“It will be a relatively big segment because we have several body styles,” Robertson said in an interview Thursday at the Paris auto show.
He didn't disclose what body styles BMW is developing but confirmed the vehicles will have a four-cylinder engine in the United States at launch. The new family of small cars is expected to be introduced in the next few years--before the launch of BMW's megacity electric car due 2013, he said.
According to media reports, BMW is planning at least three variants.
Robertson expects significant volume from the small car lineup, with sales of 100,000 vehicles worldwide a year, he said.
Robertson is convinced BMW can continue to command premium pricing on the front-wheel drive vehicles.
“No one has said to me the Mini isn't great to drive,” Robertson said, referring to the BMW-owned British brand which is also front-wheel drive.

Tuesday, August 3, 2010

Chrome, Horsepower and Hemis, Cadillac Escalade tops most ripped-off list


Just when it seems as if all we are hearing about are Chevrolet Volts and Nissan Leafs (Leaves?), turns out thieves still love their performance cars and monstrous SUVs and trucks.
The Cadillac Escalade
remains the most stolen car in the United States, according to the Highway Loss Data Institute. The 'Sclade was followed by the Ford F250 pickup, the Infiniti G37, the Hemi Dodge Charger (not the V6 though!) and the Chevrolet Corvette Z06.
The least stolen? About as you'd guess: Volvo's S80 sedan had the lowest average loss, followed by cars that thieves seemingly find dull, including the Saturn Vue, the Nissan Murano and the Honda Pilot.
Kim Hazelbaker, the institute's senior vice president, said fuel sippers aren't on the hot list. She said crooks want chrome, horsepower and Hemis.
The institute's report looks at three years of theft data with model years 2007 to 2009 covered by the latest. Rankings are by average claim paid per 1,000 vehicles insured.
The Escalade has been the most ripped-off vehicle for six of the past seven reports.
Cadillac told USA Today that it's working to make the Escalade more theft-resistant with an engine immobilizer and a steering-wheel lock with a computer chip in the key fob. For 2011, the Escalade is getting laminated glass in the side windows that is tougher to smash.
Meanwhile, Volvo told the newspaper that the S80 is worth stealing; it's just that Volvo has made it hard to do so by including a key fob that can have only one of millions of codes needed to fire it up.

Ford completes sale of Volvo to China's Geely


Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion.
Divesting Volvo completes Ford CEO Alan Mulally's strategy of exiting European luxury brands to focus on the core Ford brand, following the U.S. carmaker's 2007 sale of Aston Martin, and of Jaguar and Land Rover to India's Tata Motors Ltd. in 2008.
Ford paid $6.5 billion for Volvo in 1999.
“Volvo is an excellent brand with a strong product line, and it has returned to profits after a successful restructuring. We are confident Volvo has a solid future under Geely's ownership,” Mulally said in a statement.
He added: “At the same time, the sale of Volvo will allow us to sharpen our focus on the Ford brand around the world and continue to deliver on our One Ford plan serving our customers with the very best cars and trucks in the world.”
Ford said agreements between Ford and Geely will allow both Volvo and Ford to establish "the proper use of each other's intellectual property."
The company said it will continue to cooperate with Volvo in several areas to ensure a smooth transition, but has not retained any ownership in the Volvo business. Ford will continue to supply Volvo with powertrains, stampings and other vehicle components.
The automaker will also provide engineering support, information technology, access to tooling for common components, and other selected services for a transition period.
VW's Jacoby to head Volvo
Geely said that Stefan Jacoby, CEO of Volkswagen Group of America, will be the new CEO of Volvo Cars.
Stephen Odell, current Volvo CEO, is returning to Ford as chairman and CEO of Ford of Europe. Stuart Rowley, Volvo's finance head, is also returning to Ford as chief financial officer of Ford's European unit.
“Volvo is a proud company with a talented and dedicated team of employees,” Odell said in a statement. “I am especially pleased that with Ford's continued investment in recent years, Volvo is well positioned for the future with an exciting range of products that remain true to its core values – safety, quality, environmental responsibility and modern Scandinavian design.”
Jacoby said: "I am honored to join a company with the prestige and growth potential of Volvo. Our employees, suppliers, dealers - and above all our customers - can be confident that Volvo will preserve its special status as the industry leader in vehicle safety and innovation - even as it pursues new market opportunities."
Booming auto sales in China made the nation the largest auto market last year, generating profit that's allowing its manufacturers to reach out to Western markets and technologies.
Geely's plan for Volvo includes using the Swedish nameplate to produce luxury brands in China, while maintaining its operations in Europe to supply the international market.
Geely, which only started making cars in 1986, faces a challenge to restore Volvo to long-term profits.
Volvo Cars posted revenue of $12.4 billion in 2009 by selling 334,000 cars, but it recorded a pre-tax loss of $653 million.
The last time Volvo made an annual profit was in 2005, when it posted a pretax profit of $377 million. It has been profitable the first two quarters of this year, posting a pretax profit of $53 million in the second quarter, compared with a $237 million loss in the same period a year earlier.
“Geely is not necessarily stepping into a clear-sailing situation; the challenges aren't over for Volvo,” said Rebecca Lindland, an auto analyst for IHS Automotive based in Lexington, Massachusetts. “The Chinese business culture is very different than the Swedish business culture. A lot of this will depend on how they interact.”
But, despite China's dismal record at overseas M&A, Geely may be better equipped for success due to its experience working with foreign partners, including its acquisition of Australian gearbox maker Drivetrain Systems International and its tie-up with British cab maker Manganese Bronze, IHS Automotive analyst John Zeng told Reuters.
"Geely is not a beginner in global M&A like many people think," he said. "In China, Geely has established itself as a mass market carmaker, the acquisition of Volvo provides an opportunity to bring it to the next level."
Geely Chairman Li Shufu, who got his start in refrigerator parts and motorcycles and has since been dubbed China's Henry Ford, has already been named chairman of Volvo.
Chinese cities vie for Volvo plant
Geely's plans would see its new Volvo China plant nearly double its annual global production, with an aim to sell 150,000 Volvo cars in China annually by 2015.
Volvo builds its S40 and S80L models for the Chinese market at a factory co-owned by Ford and Chongqing Changan Automobile Co. Volvo will be able to use this plant even after Geely's takeover, but a number of Chinese cities, including Beijing, Shanghai and Chengdu, are courting Geely for a new Volvo manufacturing site, but no decision has been made so far.
Geely has said it is prepared to pump up to $900 million in capital into Volvo on top of the $1.8 billion it is paying Ford for the carmaker.
Volvo sold 191,832 cars in the first half, a 20 percent increase from a year earlier. In China, Volvo's fourth-biggest market, deliveries surged 88 percent to 15,497 cars in the period, helped by last year's introduction of the S80L, a longer version of the S80 that's sold only in that market.

Updated 2011 Nissan Rogue debuts this weekend


The 2011 Nissan Rogue will debut Saturday at the 23rd International Z Car Convention in Nashville, Tenn.
The Rogue is updated inside and out. New touches include front fascia and grille, new front and rear spoilers and different side-door molding accents. It also gets tire deflectors and a chrome license plate finisher.
It's topped off with a new Krom package for the Rogue S. That gets 18-inch alloys, and a new under-body cover.
For power, Nissan sticks with its 2.5-liter, 170-hp four cylinder and a continuously variable transmission.
Fuel mileage has been slightly increased for 2010. The front-wheel drive models will get an extra mpg on the highway and the all-wheel-drive gets one more in the city.
The Rogue will be available at dealers August 13.

Thursday, July 1, 2010

Tesla Roadster 2.5 breaks cover


Perhaps feeling a bit of chutzpah after a wildly successful stock offering this week, Tesla is demonstrating on Thursday that it still has an eye toward product, revealing the updated Tesla Roadster. And it's available for order now.
Called the Roadster 2.5, the car features minor enhancements, including a new front fascia with different diffuser vents (the change is actually apparent) and new rear diffuser. There also are silver or black forged wheels, new seats said to be more comfortable with better bolsters and more lumbar support, plus a power-control software to manage output in hot weather.
The interior is reinforced with an improved sound-reduction materials and an optional seven-inch nav system. Some of the upgrades will be available to existing Roadster owners as upgrades.
Pictures of the Roadster 2.5 were revealed on Thursday morning, and the car will bow again this evening at Tesla's newest stores in Newport Beach, Calif., and Copenhagen, Denmark.
Tesla CEO Elon Musk said the Roadster remains a priority for his company, even though Model S is consuming much of its resources.
"These improvements are a direct result of customer feedback and come only a year after release of Roadster 2.0, showing an exceptionally rapid pace of innovation,” he said in a statement.

Sunday, June 27, 2010

The original red dream turns 100: Alfa Romeo celebrates its centenary


It hasn't been sold in the United States for the better part of two decades. Its last Grand Prix victory was in the early 1950s. The reliability of some of its cars can be charitably defined as iffy. But it has a history second to none.
Today, Italian automaker Alfa Romeo celebrates its 100th anniversary. The original red dream began on June 24, 1910, and festivities to mark the occasion will stretch through the weekend in Milano.
So what is it about Alfa that conjures up such magic and memories? Alfa is a microcosm of why enthusiasts like cars. It doesn't have to be rational. It's fun and it's elusive, exciting and invigorating. And it's simply about the automobile. Money and maintenance aren't part of the discussion.
Alfisti know most of this, but here's a short version of some memorable moments in the history of the brand.
The company was founded in 1910, and the first car to wear the famous badge was the 24 HP. The name, originally A.L.F.A., stands for Anonima Lombarda Fabbrica Automobili (which means Lombard Automobile Factory, Public Company). A.L.F.A. was bought by Neapolitan engineer and businessman Nicola Romeo in 1915, and the Alfa Romeo moniker was born.
The company truly found its legs in the 1920s and '30s, as the age of the automobile grew rapidly around the world. The 8C 2300 from the early '30s took the world by storm with its supercharged eight-cylinder inline engine, and 8Cs remain a favorite at summer concours.
An Alfa won Targa Florio in 1923, helping to launch the long racing lineage of Italian cars. The brand counts 10 victories at Targa--second only to Porsche--and Alfa won the Mille Miglia a record 11 times. Overshadowed by the unparalleled racing history of a company it helped begat--Ferrari--Alfa does, in fact, count two world championships in Grand Prix racing. Despite withdrawing from Formula One in the 1950s, its two titles equal Renault and Mercedes. Antonio Ascari, the father of Ferrari champion Alberto Ascari, and Enzo Ferrari drove for Alfa.
Twice the company mobilized to support Italian efforts in world wars and its factories were converted for wartime production. Alfa plants were bombed during World War II.
As Italy rebuilt, the company emerged for a golden age in the 1950s and '60s with the Guiletta and then the Giulia. The marque was cemented in pop culture when Dustin Hoffman famously drove a spider in the 1967 classic The Graduate. Over the years, Alfa also collaborated extensively with Milanese body maker Zagato and design house Pininfarina, themselves both icons of Italian carmaking.
Despite Hollywood magic, Alfa would ultimately struggle in the United States, and it withdrew in 1995 amid declining sales and reliability questions. The most memorable Alfas endure for their sexy sheetmetal and driving dynamics, though the company was never a threat to Detroit's Big Three.
Fiat bought Alfa in 1986. Its recent history has been decidedly less glamorous, but there have been highlights and signs of life. Car fans did get a (high-priced) taste of Alfa again, when the 8C Competizione made it to U.S. shores in coupe and spider forms. But it was extremely limited; just 50 coupes and 35 open-tops arrived. The MiTo was revealed in 2008, and just this winter, the new Giulietta broke cover at the Geneva motor show, offering fans the tantalizing potential for more.
With this as a foundation, Alfa followers are left to ponder what lies ahead.
As the Fiat conglomerate now stewards Chrysler, Alfa is poised to return to U.S. shores in the next few years, using the parent company's resources as a touchstone. With its present more secure than ever, perhaps Alfisti can look to the future with a ray--illuminated in red--of hope.

Toyota recalls up to 17,000 Lexus HS 250h models for fuel leak risk


Toyota Motor Corp. plans to recall 17,000 Lexus HS 250h vehicles from model year 2010 after discovering excess fuel leakage during government rear-impact crash tests.
It is the latest safety setback for the world's largest automaker.
Toyota discovered the fuel leakage while striking the vehicle from the rear at about 50 mph during annual federal safety tests. The fuel leakage, which exceeds allowable federal limits, can lead to fires, the National Highway Traffic Safety Administration said in a posting on its Web site.
The automaker has not identified a remedy for the problem, nor has it determined when the safety recall will begin, the NHTSA posting said.
During development of the 2010 Lexus HS hybrid, the company conducted similar tests and found no fuel leakage problems, Toyota said.
“Lexus is currently working to identify the reason for the different test results and the cause of this noncompliance,” the company said in a statement. Lexus dealers have also suspended sales of the model.
Toyota has recalled 10.6 million vehicles world-wide since November, company spokesman Brian Lyons has said.
The recalls cover more than a half-dozen separate safety issues, including sudden acceleration, braking, and steering.

Saturday, June 26, 2010

Mercedes SLS AMG Black Edition by Kicherer


Kicherer has unveiled a new styling and performance package for the Mercedes SLS AMG.
Dubbed the Black Edition, the car features a matte foil-wrapped exterior, a front spoiler lip, a revised rear diffuser, and 20-inch RS-1 wheels. Other goodies include an adjustable sports suspension (with a lift feature), matte black exterior accents (instead of chrome), and a Kicherer badge on the hood.
In terms of performance, the SLS is outfitted with revised ECU and a stainless steel sport exhaust system. Thanks to these modifications, the 6.3-liter (6208cc) V8 produces 620 hp (629 PS / 462 kW) instead of 563 hp (571 PS / 420 kW).

Hennessey VelociRaptor 600 and 800 based on Ford F-150 SVT Raptor 6.2


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Texas-based tuners Hennessey Performance has finished development on the Hennessey VelociRaptor 600 Twin Turbo and VelociRaptor 800 Twin Turbo trucks, based on the recently-released Ford F-150 SVT Raptor . Both special vehicles use a 6.2-liter V8 engine, just like the base model, but with a host of upgrades.Getting the VelociRaptor 600 to produce 605 horsepower (451 kW / 613 PS) and up to 622 ft-lb (842 Nm) of torque was no easy feat. The company installed twin ball bearing turbochargers, dual intercoolers, improved fuel injection system, and a new stainless steel exhaust. Aside from modifying the engine's control unit, the firm adds an electronic boost controller, dual blow-off valves and dual 44 millimeter wastegates.It takes a bit more to make the truck a VelociRaptor 800. After adding aluminum pistons, steel connecting rods, a balanced crankshaft, and further modifications to the ECU, the engine kicks out 810 hp (604 kW / 821 PS). Maximum torque rises to an impressive 745 ft-lb (1009 Nm).Look for the Hennessey VelociRaptor 800 to sprint to 60 mph in about five seconds flat, with the 600 being a few tenths of a second slower. Pricing for the upgrade package starts at $22,950, with installation costing an additional $7,000. Base price of the 2010 Ford F-150 SVT Raptor begins at about $42,000.

2011 5-Series sold out worldwide


Those of you looking to buy a 2011 BMW 5-Series may have to wait longer than expected. The sedan has already been a hit for the automaker, who now reports that they are sold out of the model.Fear not, 5er fans. The result is that the newest customers will have to wait an additional, but not agonizingly-long, three or four months for delivery. The popular car is expected to make up as much as 17 percent of BMW sales in the United States.Though the car shares 70 percent of its parts and technology with the decidedly more expensive 7-Series, the 5-Series costs $25,600 less than the company's flagship model. The new 5-Series has a starting retail price in the States of $44,550.We wonder if some dealerships will try to add a premium on top of this cost, because of the early sell-out.The 2011 BMW 5-Series went on sale in Europe this past March, with American sales beginning this week.

2011 Suzuki Swift: Interior, more specs & new images revealed


New interior photos of the next generation 2011 Suzuki Swift show a car with a smoother dash, a built in retractable screen, automatic climate control, Bluetooth, and a USB port. The car, which will be sold as both a three-door and five-door, will have more ventilation than the previous model, as well as keyless ignition and a new selection of sport cloth for the interior.Full specs show that the car will be sold at launch with a choice between a 1.2-liter WT petrol engine, and a 1.3-liter DDIS diesel. The four-cylinder 16-valve petrol unit produces 93 horsepower (69 kW / 94 PS) and up to 118 Nm (87 ft-lb) of torque. Alternatively, the direct injection diesel, also a 16V four-banger, produces 74 horsepower (55 kW / 75 PS) and up to 190 Nm (140 ft-lb) of torque. Petrol buyers get a choice between a five-speed manual transmission or a four-speed automatic, while the diesel only comes with the manual.The 3,850-millimeter long car is 1,695-mm wide and 1,510-mm high (151.57" x 66.73" x 59.45"), and has a wheelbase of 2,430 mm (95.67"). This means the car is 2.5-percent longer, with a 40-mm longer wheelbase, providing both more legroom and more cargo space. Hopefully, this will not detract from the Swift's small car charm.Still, the car's scant kerb weight ranges from 945 kg to 1110 kg, depending on the transmission and added options. By keeping the weight low, the relatively petrol engine and manual transmission get the three- and five-door to 100 km/h in 12.3 seconds. Add 0.4 seconds to the time with the diesel, or 1.2 seconds with the automatic transmission. All of the manual transmission cars top out at 165 km/h, while the automatic models peak at 160 hp.To help increase fuel efficiency, the petrol engine with a manual transmission will likely get a start/stop system. Without start/stop, fuel economy on the petrol ranges from 5.0- to 5.5-liters of fuel per 100 km (47 to 43 mpg), while the diesel gets a combined 4.2 liters of fuel per 100 km (56 mpg). This leads to CO2 emissions ranging from 109 to 126 grams per km.Look for the 2011 Suzuki Swift to hit the market by the end of this year.

Hyundai plans bigger V8 for Genesis, Equus


When the Hyundai Equus luxury sedan goes on sale this fall, it will be powered by the 4.6-liter Tau V8 from the Genesis sedan. But at an unspecified later date, both the Equus and Genesis sedans will get a new 5.0-liter version of the Tau engine making 429 hp and 376 lb-ft of torque.
Hyundai also is working on all-wheel drive for its rear-wheel-drive cars, which is to say the Genesis and Equus, which ride on different versions of the same platform.
The bigger powerplant will not fit in the Genesis coupe, which is powered by a 210-hp, 2.0-liter turbo four or a 306-hp, 3.8-liter V6.

Lamborghini sets record with 10,000th Gallardo


Lamborghini has achieved a production record by producing its 10,000th Gallardo--a number the Italian automaker has never before accomplished with another model.
Before being delivered to its owner, the 10,000th Gallardo will be displayed in Shanghai during Lamborghini Day on June 25.
“Production of car number 10,000 is a very important milestone for Lamborghini,” said Stephan Winkelmann, president and CEO of Automobili Lamborghini. "The Lamborghini Gallardo has played an exemplary role in defining and delivering our brand reputation into our worldwide markets.”
The Gallardo model range includes the Coupé, the Spyder, the Superleggera, the Gallardo SE and the Nera.
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