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publication date: Feb 26, 2010
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author/source: Robin Roberts
Tata Motors is borrowing the equivalent of £340 million from the European Investment Bank to develop technology for Jaguar Land Rover. The facility is an 8 year amortizing loan to finance development of micro and full hybrid drive trains and research into more energy efficient car bodies for the premium car segment by Jaguar Land Rover. General Motors says that Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) was unable to complete the acquisition of HUMMER. As a result, GM will begin the orderly wind-down of the HUMMER operations. The 80th International Geneva Motor Show sees Lotus Engineering unveil the Lotus Evora 414E Hybrid concept, a high performance technology demonstrator with a plug-in series hybrid drive system and new technologies for enhanced driver involvement. The Lotus Evora 414E Hybrid, so-named because this latest environmentally-focused technology demonstrator from Lotus Engineering produces 414 PS (306 kW) of power, promises breathtaking performance from a highly efficient propulsion system. NXP Semiconductors and IBM announced the final results of a landmark road pricing trial conducted in Eindhoven. The six month trial made 70pc of drivers avoid rush-hour travel and its charges. A Welsh cabbie has persuaded his council to let him run smaller cars to save fuel and cut emissions. William Hurlow's Citroen C3s are only allowed to carry a maximum of two passengers at a time for his Mumbles Eco Cabs. The US Justice Department is conducting an investigation into potential collusion in the automotive electronic components business as part of a broader global probe into the industry, according to FT.com . The US antitrust division said it was coordinating with European and other foreign competition authorities. An enlightening new exhibition on the green future of the motor car has opened at Mercedes-Benz World, Weybridge, Surrey. The special BlueEFFICIENCY display has brought to life this most recent stage in hydrogen powered fuel cell development with the B-Class F-Cell – the latest evolution of this technology that will for the first time be used around the world with customer trials in 2010. Vauxhall is a supporting partner of the charity Help for Heroes. To raise money for Help the Heroes, Vauxhall will be hosting a series of high profile events, with the main driving force of the fundraising carried out through the all new Vauxhall VXR Power Events. |
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