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Main  >  Car Makers News  >  Honda  > 
BREAKING NEWS: Honda Kills The NSX For Financial Reasons Is The Lexus LF-A Next?
Honda has cancelled the new NSX as part of a radical restructuring of its car making business.The V10-engined supercar, which was a direct challenge to Ferrari and Porsche, would have been the most powerful production car that the company had ever produced.Honda CEO Takeo Fukui announced the move in his end of year speech, saying that all development of the car would be cancelled. The company has also withdrawn its plan to introduce the Acura brand to Japan in 2010.The Honda boss had previously... Full article...

Article added: 2008-12-18 08:03:26   Article Views Rating: 157


Main  >  Car Makers News  >  Honda  > 
Honda slashes profit goals | detnews.com | The Detroit News
Honda Motor Co. provided stark evidence of the damage the global downturn is doing to Japan's auto industry when it said Wednesday that it expected to lose money during the second half of its fiscal year. "Every day, the hardships we face are getting worse and worse. And there are no signs of recovery," Honda CEO Takeo Fukui said at the company's traditional year-end news conference in Tokyo. Honda, Japan's second-largest automaker after Toyota Motor Corp., still expects to show a profit for the fiscal... Full article...

Article added: 2008-12-18 08:03:23   Article Views Rating: 157


Main  >  Car Makers News  >  Other  > 
DETROIT AUTO SHOW: The Most Comprehensive List Of What Cars Are Coming in 09'. Which One Excites You Most?
It's hard to believe that the 2009 Detroit Auto Show is only weeks away, amidst all this end of the world bailout talk.Thank God, the wizards at one of our favorite print mags maybe even our favorite, CAR Magazine have compiled an exhaustive list of what they know is coming in 2009!Alfa Romeo MitoMini-rivalling premium hatch with supercar styling cuesAlfa Romeo 149147 moves upmarket to take on A3 and 1-seriesAlfa Romeo 169We're due to hear more on Alfa's 167 later next yearAlfa Romeo 8C SpiderStunning... Full article...

Article added: 2008-12-17 13:21:39   Article Views Rating: 267


Main  >  Car Makers News  >  Subaru  > 
Subaru join Suzuki in pulling out of WRC
Subaru joins fellow Japanese automaker Suzuki Motor Corp, which announced its exit a day earlier.Their exit leaves just world champions Citroen, owned by PSA Peugeot Citroen, and cash-strapped Ford Motor Co chasing the manufacturers' title next year.Honda Motor Co, Japan's No.2 automaker, this month quit Formula One racing for similar reasons, saying it needed the cash for its core auto-making business.Rallying does not have anything like the budgets of Formula One, where a team like Honda can burn... Full article...

Article added: 2008-12-17 13:21:38   Article Views Rating: 198


Main  >  Car Makers News  >  Toyota  > 
Toyota Kills Diesel Contract And Dashes Plans For Small Diesel Vehicles
Citing growing uncertainty over market demand for the vehicles, Toyota Motor Corp. has called off an18-month-old joint venture to develop a 1.6-liter diesel engine for passenger cars with diesel specialist Isuzu Motors.The Toyota-Isuzu diesel project, announced in June, 2007, was a direct response to Honda Motor Co.'s earlier announcement that it was developing a diesel for its passenger cars and would introduce it in the U.S. and Japan in 2009.Honda earlier this year put its U.S. diesel plans on hold... Full article...

Article added: 2008-12-17 13:21:33   Article Views Rating: 206


Main  >  Car Makers News  >  Other  > 
Commentary: Plug the hole; America can't risk another blow to its fragile economy | detnews.com | The Detroit News
The arguments against an auto bailout are good ones. Now ignore them. For the first time in human history, I agree with Dick Cheney. According to the Los Angeles Times, the vice president warned Republican senators that if they refused to bail out the auto companies, "we will be known as the party of Herbert Hoover forever." The senators from the Herbert Hoover Party promptly fumbled, but President Bush seems poised to rescue the car companies anyway. Thank heaven! There's a practical argument that... Full article...

Article added: 2008-12-17 13:21:29   Article Views Rating: 69


Main  >  Car Makers News  >  Other  > 
Autos briefs | detnews.com | The Detroit News
General Motors Corp. didn't renew its sponsorship with the New York Yankees and is negotiating a new contract with the New York Mets. "We still want a presence in New York and we can't do both," GM Northeast region spokeswoman Andrea Canabal said. Ending the sponsorship is a way to cut costs and follows moves last week to end sponsorships with the Daytona 500 and the Pittsburgh Pirates. Daimler AGs Mercedes-Benz pulled out of its deal with the Milwaukee Brewers. GM will continue to honor deals with the... Full article...

Article added: 2008-12-17 13:21:29   Article Views Rating: 94


Main  >  Car Makers News  >  Mazda  > 
Stars of the road: Mazda6, F-150 rise to the top in value, performance | detnews.com | The Detroit News
Need trumps want in 2008 for The Detroit News Car and Truck of the Year. There are lots of vehicles I want: the $100,000 Corvette ZR1 super-duper car; the Nissan GT-R, with its fancy carbon-fiber everything; or even the Cadillac Escalade Hybrid, a silky smooth big ute that glides along the road in semi-environmental friendliness. But few need those vehicles, much as it pains me even to write those words. This year, many people have lost the value of a ZR1 in their 401k since August. And all 18 people... Full article...

Article added: 2008-12-17 13:21:28   Article Views Rating: 215


Main  >  Car Makers News  >  Honda  > 
Honda slashes profit forecast amid global downturn | detnews.com | The Detroit News
TOKYO -- Japanese automaker Honda slashed its profit forecast for the fiscal year and said managers will take a 10 percent pay cut amid a global downturn in the auto industry. President Takeo Fukui blamed the lower earnings forecast on declining demand set off by the U.S. financial crisis and the nose-diving dollar, which recently fell to a 13-year low against the yen. Japan's second-biggest automaker now expects 185 billion yen $2.06 billion in group net profit for the fiscal year ending March 31, 2009... Full article...

Article added: 2008-12-17 13:21:28   Article Views Rating: 153


Main  >  Car Makers News  >  Honda  > 
Honda FCX Clarity
It's time to face the truth - fuel price is becoming too high for most of us these days. So are thee any alternatives to currently the most popular fuel types - petrol and diesel? Fortunately, there are - it's hydrogen and the new Honda FCX Clarity hydrogen powered electric car. Will it be the car of the future? We will see, but now let's take a closer look into what Honda has to offer with Honda FCX Clarity alternative fuel car. Although Honda FCX Clarity was first introduced in November 2008 at the... Full article...

Article added: 2008-12-15 13:16:04   Article Views Rating: 395


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