Iraq hasn’t had anything noteworthy in the automotive space since the Iraqi Taxi debacle of the 1980’s, but with a population larger than Saudi Arabia, substantial oil reserves and increasing stability, Iraq is becoming a new target for automakers eager to sell cars to a population that’s been barred from Western vehicles due to international sanctions.
The Economist has put together the above chart showing global gas prices as of February 2012, as well as how fast they’ve risen in the past 12 months. Even with gas approaching $4 overall, we’re not doing too badly compared to the rest of the world.
If GM managers are faced with a problem, say a nasty warranty problem or god forbid a recall, they now pull out a box full of LEGO blocks. The block color identifies the area on the vehicle and the block size denotes severity; the bigger the block, the bigger the problem. Problem solving becomes child’s play. Read More >
The BMW X1’s launch in the United States was “postponed indefinitely” due to high demand in Europe, but now, BMW has inadvertently confirmed a launch date for the United States.
Opel has taken 7,000 pre-orders for the Ampera (aka the Chevrolet Volt), and looks to be on their way to meeting their 10,000 unit goal for 2012.
An article in the New York Times Dealbook blog claims that Tesla is using their customer deposits on upcoming models as a major source of cash to finance operations.
General Motors announced a $1 billion investment in their Australian operations, along with a contribution of $285 million by the Australian government at the state and federal levels.
Honda will show off a concept version of their next generation Crosstour, and since we all know that “concept” is just “thinly disguised production car” in Honda vernacular, we’ll be getting a good look at the replacement for one of the most maligned cars of the last decade. Coverage of the New York Auto Show will start here at TTAC on April 4th.
Chevrolet’s Spark minicar will go on sale in July starting at a price point below the Sonic’s $14,600 (destination included). The Korean-built minicar competes in the “A-segment”, alongside the Fiat 500, Smart Fortwo and Scion iQ.
NBA star Jeremy Lin of the New York Knicks will endorse Volvo cars, after signing a deal with the company. Lin, who graduated from Harvard and took an unconventional path to the NBA, has Taiwanese-born parents, is extremely popular in China, where basketball has a strong following.
Copyright reasons prevent us from showing you spy photos of the Volkswagen XL1 – if you want them, take a look here . The XL1 will apparently be the world’s most fuel efficient car when it goes on sale in 2013, getting 0.9L/100 km – or about 260 mpg.
The Fiat 500L may be joined by another Fiat product, but the brand’s North American head said that it won’t necessarily resemble the 500 vehicles.
The launch of the Acura ILX kicked off on Sunday, and Acura told the crowd of assembled journalists that their new ILX sedan will cost “around $27,000”.
Volkswagen will begin producing Porsche Boxsters at an old Karmann plant in Osnabruck, Germany starting this fall. The Boxster will be built alongside the Volkswagen Golf Cabrio.
Hyundai’s sister company Kia might want to use some of those hypnotic powers to get badly needed parts. Kia’s U.S. plant in Georgia has been shut down, following a fire at parts supplier Daehan Solution. The West Point, GA, factory makes the Optima sedan, the Sorento SUV, and Hyundai’s Santa Fe SUV. Read More >
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