The recent floods in Thailand added yet another headache to the Japanese car manufacturers’ executives, since many plants were forced to reduce production as parts supplies were severely disrupted for several weeks. Nevertheless, Honda’s U.S. sales boss John Mendel issued a memo to the...
Not all car manufacturers are suffering from the economic crisis that is currently raging in Europe. Volvo, for one, is expecting to sell between 430,000-440,000 units this year, compared to 374,000 cars last year. According to the Swedish carmaker’s CEO, Stefan Jacoby, the reason for this is...
In Abu Dhabi, Sebastian Vettel matched Nigel Mansell’s record of 14 pole positions in a single Formula 1 season, which stood for 19 years. In the final qualifying session of the season at the Brazilian track of Interlagos, he had his last chance to break it - at least for the current season. ...
China isn’t the only market where carmakers are currently expanding. Mazda, for example, is already producing the Mazda2 in Vietnam and will also produce the Mazda2 and Mazda3 in a new factory it is building in Mexico. Today, the Japanese company announced that it has signed a Memorandum of...
During the past decade or so, many carmakers have looked into their past to shape their future: the BMW Group's new Mini, the Fiat Group's 500 and the Volkswagen Group's Beetle are among the most well-known examples. But as Mercedes-Benz found out the hard way, not all second comings...
What happens in Vegas may stay in Vegas, but what you upload on the web is there for the entire world to see. And that's one lesson learned the hard way for Vacheh Margoussian, 21, and Artin Yazidjian, 22, both of which were employed as a valet and a tire technician respectively at the Pacific...
The image of a white and red McLaren, usually with a yellow-green helmet signaling that the man sitting in the cockpit was none other than Ayrton Senna, is one that remains etched in F1 fans’ minds many years after his demise in 1994. Powering the McLaren of the late three-time world champion was...
With the European economy in a downward spiral and the U.S. having its own financial troubles, where is a supercar maker supposed to go and sell its high-six- or even seven-figure products? Well, China is probably their best bet right now. Its number of billionaires grew from 189 in 2010 to 271 in...
