On Tuesday October 16th, battery developer and manufacturer A123 Systems has voluntarily filed petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in Delaware. After using $129 million out of their total of $249 million of federal grants as a part of a stimulus bill, A123 Systems said that the petitions, which do not include its overseas subsidiaries, were made so that they can sell its automotive business assets to Johnson Controls Inc. (JCI).
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During this election year, one of the hot topics of discussion is the price of fuel four years ago. Although there are a dizzying number of factors that influence fuel prices, whoever is in the White House often takes the blame when gas prices spike.
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Volvo has announced that due to weak market demands, they will be halting production at its main plant from October 29th to November 2nd.
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Toyota’s America born and bred Tundra pickup truck completes its mission as planned and towed the power Endeavour Space Shuttle to its final resting place, the California Science Center. The stock Tundra towed the shuttle across the Manchester Boulevard Bridge in a dignified, but sad fashion. The Tundra relied on its 4×4 system and each of its 380 horses to complete the 120 mile route without embarrassing the company in front of the whole country.
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According to Honda, as of the end of September 2012, Honda’s worldwide hybrid sales have reached one million units. After 12 years and 11 months, Honda has finally reached this milestone, dating back to when the first generation Insight debuted in Japan back in November 1999. The 2000 Honda Insight was America’s first gasoline-electric hybrid vehicle and cumulative sales of Honda hybrid vehicles in America has topped 318,000 units.
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Hoping to catch up to rival Mercedes-Benz for 2012 sales, BMW is offering its current lessees the opportunity to skip up to three payments if they purchase a brand new of pre-owned vehicle.
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Whether your talking about sales, currency, or units of production, 5 million is a significant number. This number is even more important when talking about Mercedes transmission units, which are not a mere collection of casings, forks, and gears. The precision work that is required to build a transmission that need to withstand hundreds of pounds of torque and last decades meant that quality is the most important concern.
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The world’s fastest man and champion Olympic sprinter Usain Boltm and automaker Nissan are working together to develop a special “Bolt” version Nissan GT-R. In Usain Bolt becoming Nissan’s brand ambassador, Bolt will be getting his own special “Bolt” GT-R for personal use.
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