Car News

Volkswagen generates €1.2bn operating profit in H1 2009

In the first half of 2009, the Volkswagen Group extended its global competitive position and strengthened its financial base. In the first six months of the year, Europe’s largest automobile manufacturer delivered 3.1 million (H1 2008: 3.3 million) vehicles worldwide.

Porsche prepares sale of options

Porsche Automobil Holding SE, Stuttgart, is in advanced talks on the sale of the cash settled options with respect to Volkswagen shares to one or several investors. Amongst these investors is especially Qatar Holding LLC (QH) with whom talks about an investment in Porsche SE also is underway.

LPG regains popularity as fuel prices rise

Liquefied Petroleum Gas (LPG) is making a comeback thanks to a growing number of motorists looking to reduce running cost and emissions.

Aston Martin geared up for Algarve night race

Following a fourth overall and highest petrol finish at the Le Mans 24 hour race in June, Aston Martin Racing continues with the remainder of the Le Mans Series (LMS) and heads to the new Autodromo Internacional Algarve in Portugal for the first ever LMS night race.

Used car supply shortage drives prices higher still

Predictions that used car values would stabilise this summer have proved premature as research by CAP reveals ongoing trade price increases.

Elektromotive secures major EV deal with Saudi University

Saudi Arabia is currently the world’s leading oil producer and exporter, but that doesn’t mean the country is being left behind in the shift towards emission-free motoring.

Kia releases images of VG model

Kia Motors has released the first images of its new premium saloon due to go on sale in Korea at the end of the year.

Finance offers available across the Skoda range

Skoda is introducing a new range of finance products on its popular Fabia and Octavia model ranges. With effect from 28 July through 31 December 2009, these offers are a longer-term proposition from the manufacturer of happy drivers, rather than short-term headline offers.

Dongfeng to expand Huadu Plant

Dongfeng, Nissan’s local partner in China, has announced the expansion of the Huadu passenger vehicle plant in Guangzhou City, China, with acquisition of the land for building an additional production line.

Fortis - Kumho’s eco-friendly SUV

Kumho is a tyre manufacturer with a conscience. It produces millions of tyres for today’s SUVs, but is acutely aware that such vehicles will have to change dramatically if they are to survive ever greener vehicular legislation.

Motorists take greener stance on car use

New research of over 3,000 British motorists reveals we are becoming increasingly environmentally aware, with four in ten of us concerned about the affect our car has on the environment. And it shows a big jump in the number of motorists using public transport.