Moldova.org - Auto

Porsche 911 GT2 Promotional video
Almost two months away from its official debut at the Frankfurt motor show, Porsche AG presents its most aggressive variant of the 911 sports car range: the 911 GT2. The vehicle is based on the existing 911 Turbo, and boasts 530 hp from the standard Turbo’s 480-hp, 3.6L boxer 6-cyl. The 911 GT2 has large air intakes in the nose, a unique rear spoiler, and an integrated rear diffuser. The aut more...

Mazda top manager to head Ford Russia from Sept.
Nigel Brackenbury, currently general manager of Mazda Motor global marketing division, will become new president and managing director for Ford Russia from September, the Ford press service said. Brackenbury will replace Henrik Nenzen who will move to the position of marketing and sales director at Ford of Europe. The company, which is the second largest automaker in the U.S., said Nenzen more...

Chrysler warns weak dealers with shut down
The Wall Street Journal reported on its Web site that Chrysler Group is warning some of its dealers that it may try to shut them down if they don't improve their sales within six months, informs Reuters. The paper said that compared to General Motors Corp.'s 6,900 and Ford Motor Co.'s 4,200 dealers, Chrysler has only about 3,700. The paper reported that 40 to 50 dealers in the U.S. Great Lakes more...

Toyota plug-in hybrid to hit the roads
Toyota Motor Corp. announced that it had taken a step closer to launching its plug-in hybrid vehicle powered by a gasoline engine and an electric motor-the first of its kind to get a roadworthiness certificate in Japan. Toyota said in a statement that it plans to conduct tests on public roads in Japan as well as the United States and Europe. Unlike conventional hybrids which have batteries tha more...

India's Tata, Mahindra may bid for Land Rover, Jaguar
Indian automakers Tata Motors and the Mahindra group are considering separate bids to buy luxury British car brands Jaguar and Land Rover from the struggling US carmaker Ford Motor Corp, says a report by AFP. Media reports have estimated the deal as worth around 1.3 billion to 1.5 billion dollars. The Business Standard daily quoted unnamed sources as saying that India's biggest automobile comp more...

Toyota, Mazda, Honda set to resume output
Japanese carmakers Honda, Mazda, and more than half of Toyota's shuttered assembly lines will restart some production in the next two days because a key parts supplier was severely damaged by a major earthquake and resumed its operations at the beginning of this week. Factories of Toyota Motor Corp. and other major automakers have been shut because of damage sustained at piston-ring maker Riken Co more...

Proton shares down as carmaker moves closer to a deal with Volkswagen
After hitting a high of 6.10 ringgit earlier in the day following a report saying that it was one step closer to a deal with German auto giant Volkswagen, Malaysian carmaker Proton shares closed lower, at 5.70 ringgit. Second Finance Minister Nor Mohamed Yakcop declined to reveal details following a third round of talks between the two interested sides. Proton and Volkswagen met for a third time i more...

Toyota says quake to cut output by 55,000 vehicles
Toyota Motor Corp. president Katsuaki Watanabe told Reuters at a mid-year news conference that Japan’s top auto maker expects to lose 55,000 units of vehicle production through the stoppage of most of its domestic factories through Tuesday after last week's earthquake in Japan. Watanabe said that the auto maker will gauge how to make up for this lost production by the end of the year. The co more...

Ford says expects to clinch competitive UAW deal
Ford Motor Co. expects to secure a deal with the United Auto Workers union, although a strike by the union always remains a risk that puts the struggling No. 2 automaker in a stronger competitive position, Ford Vice President Joe Laymon told Reuters’ reporters at a news conference that marks the start of talks between the automaker and the union. Laymon said that Fords expects to get a solut more...

GM to invest $500 million in Argentinean and Brazilian operations
General Motors, the US based automaker, will invest $500 million in its South American operations. The company wants to develop a new generation of small vehicles for emerging markets; therefore, the investment includes the expansion of GM's Brazilian product development center which consists from a new engineering building in Sao Caetano do Sul and new equipment and infrastructure to support the more...