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publication date: Jan 20, 2012
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author/source: Robin Roberts
UK car manufacturing rose 5.8% to 1,343,810 in 2011 and ended the year with a 1.6% rise in December. CV output fell by just 1.4% to 121,312 in 2011 and was down 2.7% in December. UK engine production rose by 4.9% to 2,504,054 in 2011, despite a modest 1.3% fall in December. Zhejiang Youngman of China is poised to make a new offer to buy bankrupt Saab, according to Reuters. Saab's efforts to find investors have been blocked by former owner General Motors Co.'s refusal to permit a deal that would transfer its technology to a potential competitor and Dagens Industri, a Swedish business news organisation, says Youngman is preparing to submit an offer of about £430 million for the bankrupt car firm. The U.S. auto industry plans to add thousands of jobs this year as sales continue to rebound and automakers look to produce more cars in the United States to sidestep currency woes overseas, says the Detroit News. The growth in domestic manufacturing is coming as U.S. auto sales are recovering from historic lows during the recession. Fiat will supply 100,000 small diesel engines annually to Maruti Suzuki India Ltd. for three years, beginning this month. Fiat will make the 1.3-liter, four-cylinder MultiJet engines at its plant in Ranjangaon near Pune and the same engine it licenses the engine to General Motors Co. in Europe. For the first time, Mitsubishi Motors Corporation has decided to select the most demanding European market as global launch pad for an all-new vehicle. Next March, the Geneva Motor Show will see the world premiere of a strategic and innovative premium vehicle, to be to be rolled out during 2012 and reflecting a gradual transformation in Mitsubishi's design language. Senior fleet decision makers are being targeted by a low carbon event at the world-famous Silverstone racing circuit in Northamptonshire, which will feature a wide range of electric, hybrid and other low-carbon vehicles. The EV & Low CO2 Fleet Show on Wednesday, 18 April is a unique one-day event providing fleet decision makers and other fleet industry executives with all the latest information, advice and guidance on low-carbon strategies. Despite ongoing warnings of the very real threat of car cloning, leading vehicle information expert HPI believes people are more at risk of buying a cloned car than ever before. As economic uncertainty continues, fraudsters are using more sophisticated methods to clone vehicles and dupe unsuspecting used car buyers. New Barclays Cycle Hire customer research reveals that over three quarters of members would recommend the scheme to family and friends, stating value for money, ease of use and enjoyment as the main reasons for making the recommendation. Barclays Cycle Hire has prompted three quarters of members to start cycling or to cycle more in London and 18 per cent have bought cycling equipment such as helmets and clothing. |
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