| Michael Schumacher to drive Nurburgring in F1 car |
Apr 26th, 2013 |
Nurburgring Nordschleife, or Northern Loop - once referred to by Sir Jackie Stewart as 'The Green Hell' - the German racing ace will post a demonstration lap in a Mercedes AMG W02 Formula 1 car from the 2011 season as a thank you to his fans. The exhibition lap will mark the first time a modern F1 Silver Arrow has driven on the Nordschleife since Juan Manuel Fangio's victory on ...
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| Honda Q4 net profit rises 6.6 pct on falling yen |
Apr 26th, 2013 |
TOKYO, April 26 | Fri Apr 26, 2013 2:07am EDT TOKYO, April 26 (Reuters) - Honda Motor Co Ltd posted a 6.6 percent year-on-year jump in quarterly net profit, helped by the yen's rapid depreciation and strong sales of its Accord and CR-V models in its biggest market the United States. In the quarter ended March 31, the third biggest-selling Japanese automaker booked net profit of 75.7 ...
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| Toyota FT-HT world premiere at Shanghai auto show 2013 |
Apr 26th, 2013 |
auto show 2013. Also known by its Chinese name Yuejia, the car features a powertrain based on Toyota's latest hybrid technology developed in China, which also made a world debut here in Shanghai. The pillar-less scissor doors open to wide angles, and its low ride makes it easy for ...
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| Former American Motors headquarters in Detroit in disarray |
Apr 26th, 2013 |
A truck unloads dirt Monday at the former AMC complex. City officials ordered the owner to get a permit for debris and dirt at the site. (Daniel Mears / The Detroit ...
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| Lawsuit claims Fidelity cheated GM workers |
Apr 26th, 2013 |
A Boston law firm has filed a suit seeking class-action status against Fidelity Investments, claiming the giant financial services firm illegally skimmed tens of millions dollars from the retirement accounts of hourly workers at General Motors Corp.The suit, filed Thursday in U.S. District Court in Massachusetts, claims Fidelity improperly kept interest generated when account holders' cash ...
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| Detroit Electric teams with Chinas Geely to build electric cars |
Apr 26th, 2013 |
Detroit Electric, the rejuvenated automaker aiming to build a line of limited electric sports cars, said Thursday it has teamed with China-based Geely Automobile Group to develop electric vehicles and related motors and drivetrains for the Chinese market.The partnership will allow Detroit Electric to have manufacturing locations on three continents: at a to-be-determined site in Wayne County; in ...
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| GMs Akerson earned $11.1M in 2012 |
Apr 26th, 2013 |
General Motors Co. Chairman and CEO Dan Akerson received $11.1 million in 2012, higher than his 2011 pay mainly due to $2 million in restricted stock he was awarded in 2011 that was not granted until 2012.Akerson's compensation, which last year included $1.7 million in salary and about $9.3 million in stock awards, was contained in the Detroit automaker's proxy filed Thursday with the ...
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| Hyundai retools fuel efficiency approach with new Sonata Hybrid |
Apr 26th, 2013 |
Superior Township - Hyundai Motor Co., taken to task last year by the EPA for overstating mileage claims, says it's approaching fuel efficiency in a new way these days.The automaker is trying to achieve higher real-world fuel economy numbers - and not necessarily appease the Environmental Protection Agency and its standardized test - on its new Sonata Hybrid midsize car. Hyundai is focusing ...
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| Audi TT ultra quattro concept sheds 300kg |
Apr 26th, 2013 |
sheds a significant amount of weight, adds more power and retains all-wheel drive in time for its appearance at Volkswagen AG’s annual Worthersee tuning festival in Germany next month. The special concept version of ...
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| Hundreds of Cars Unclaimed in Sandy to Be Auctioned in New York |
Apr 26th, 2013 |
More than 500 BMWs, Cadillacs, Toyotas and other vehicles damaged and towed during Superstorm Sandy remain unclaimed and will be auctioned off next month, New York City officials said. The city is working with auction house David R. Maltz in Central Islip, on Long Island, to make the sales. Company vice president Richard Maltz said the vehicles are advertised on the company’s website as ...
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