Ford posts net income of $2.6 billion in second quarter of 2010
Ford posted second quarter net income of $2.6 billion, or 61 cents per share, a $338 million improvement from second quarter 2009. Pre-tax operating profit totaled $2.9 billion.
“We delivered a very strong second quarter and first half of 2010 and are ahead of where we thought we would be despite the still-challenging business conditions,” said Ford President and CEO Alan Mulally. “We remain on track to deliver solid profits and positive Automotive operating-related cash flow for 2010, and we expect even better financial results in 2011.
Toyota celebrates 10 Years of Prius
Ten years ago Toyota launched a new kind of car in North America. It was the Prius with a hybrid gas/electric powertrain. Over 1.8 million units have been sold in the world to date, with nearly 900,000 in the U.S. alone.
“Toyota recognized in the 1990s that sustainable transportation would become a huge challenge in the coming decades,” said Jim Lentz, president and COO of Toyota Motor Sales, USA, Inc. “Those realizations proved accurate, and if anything, even more profound considering what we know today.”
Porsche 918 Spyder gets the green light
Reflecting the overwhelming response from the public and customers to the Concept Study, the Supervisory Board gave Porsche’s Board of Management the mission to develop a production model based on the 918 Spyder concept that debuted in March at the Geneva Motor Show.
The concept of the 918 Spyder was powered by a high-revving 500 hp V8 and two electric motors with an extra 218 hp.
2011 Volkswagen Caddy revealed
Volkswagen Commercial Vehicles has released details of the new generation of the top-selling Caddy.
Main highlights of the new Caddy are: six new TDI and TSI engines with up to 21% lower fuel consumption, a completely restructured model range, a more precise, fresh front design in the style of the new Amarok pickup and current T5 generation (Transporter, Multivan etc.) and an upgraded interior, now with a removable second row of seats.
2011 Chevrolet Volt starts at $41,000
Chevrolet Volt pricing starts at $41,000 ($33,500 after federal income tax credit of $7,500) or $350 a month with $2,500 down payment for a 36-month lease.
The Volt is industry’s first electric vehicle with extended-range capability. Customer deliveries of the Chevrolet Volt are scheduled to begin in launch markets late this year with initial production limited.
Audi A7 Sportback revealed - on sale this fall in Europe
Audi describes the A7 Sportback as a large, elegant five-door model that combines the emotional character of a grand coupe, the comfort and prestige of a sedan and the active practicality of a station wagon.
Its body is very lightweight thanks to numerous aluminum components. The four V6 engines combine refined power with groundbreaking efficiency. The 3.0 TDI with 150 kW (204 hp) and multitronic has CO2 emissions of just 139 grams per kilometer (223.70 g/mile).
2011 Mercedes C63 AMG and C65 AMG revealed
The 2011 C63 AMG gets now a new AMG 5.5-liter biturbo engine instead of the former 6.2 liter V8. Peak output of the new engine is 536 hp and maximum torque of 590 lb-ft. In conjunction with the AMG Performance Package these figures increase to 563 hp and 664 lb-ft. The torque curve in particular shows that no other engine in this power class is able to match the figures delivered by the new AMG biturbo motor.
The CL63 AMG accelerates from zero to 60mph in 4.4 seconds, and has a top speed of 155 mph (electronically limited). With the AMG Performance package, the highperformance Coupé reaches the 60 mph mark in 4.3 seconds and reaches a top speed of 186 mph (electronically limited).
Volvo S60 by Heico Sportiv
Volvo tuner Heico Sportiv has released renderings of a modified 2011 Volvo S60, even though the car has not hit the dealerships yet.
The S60 by Heico Sportiv features a new revised front fascia, new rear diffuser with quad tailpipes and new set of wheels. The overall looks is sharper and much more aggressive now.
Heico Sportiv also plans to work on the suspension and exhaust. Power will be boosted to around 330 hp on the standard S60 T6(up by around 30 hp).
2011 Ford Explorer revealed - lighter and more fuel efficient
The 2011 Explorer with V6 power is expected to deliver more than 20 percent better fuel economy than the 2010 model, shattering conventional expectations for SUV fuel efficiency. When equipped with the available 2.0-liter EcoBoost™ I-4 engine, Explorer fuel economy is expected to improve by more than 30 percent and exceed the 2010 Honda Pilot and 2010 Toyota Highlander V6.
There is no V8 available for this iconic American SUV. Yes a big Ford SUV with no V8!
Bugatti Veyron Super Sport in the hands of The Stig
1,200 horsepower Bugatti Veyron Super Sport is the fastest production car in the world with a top speed of 267.81 miles per hour, set on Volkswagen’s Ehra-Lessien test track.
Everyone knows the car is very heavy, so how does it handle on the track? The standard 1,000 hp Veyron never made it to the top 3 on Top Gear’s power laps board. In the latest episode of Top Gear, The Stig took this ultimate Veyron on the track and… yes the fastest production car is also fastest on Top Gear’s test track.
The Stig took the Bugatti Veyron Super Sport around the Dunsfold Aerodrome in 1m 16.8s. 0-3 seconds faster than the Gumpert Apollo and 1.5 seconds faster than the stock Veyron.
Audi RS6 by Cargraphic packs 665 horsepower
The latest tuner to offer an engine upgrade for the 580 hp Audi RS6, is Cargraphic. The 5.0 liter V10 engine is tuned 665 horsepower. Other upgrades Cargraphic offers include three-part Cargraphic GT-R 21-inch rims and their special exhaust system.
This roars so powerfully that it doesn’t match German noise regulations and is only possible to buy on export. The exhaust systems consists of mufflers and catalytic converters made in a Cargraphic factory in South West England.
Audi confirms RS5 for U.S, R8 Spyder priced from $161,000
Audi has announced that pricing for the new 2011 R8 Spyder 5.2 quattro supercar will begin at $161,000 with the first of the hand-assembled models reaching U.S. showrooms in August.
Audi also confirmed that it intends to sell the Audi RS5 in the U.S. market starting in 2012. The high-revving 4.2-liter V8 engine in the Audi RS5 Coupe generates 450 horsepower. Like all Audi RS models sold in Europe and other markets, the RS5 Coupe applies its power to the road with quattro permanent all-wheel drive.
Porsche Design P´6612 Dashboard Le Mans 1970 Limited Edition chronograph
40 years ago Porsche chalked up its first overall win at the 24 Hours of Le Mans. Limited to an edition of 917 pieces, the new Porsche Design P´6612 Dashboard Le Mans 1970 Limited Edition chronograph celebrates a key event in Porsche’s motor racing history – the day the legend that is Porsche became fact.
The winning car – the legendary red-white-red Porsche 917 K bearing start number 23 – was driven by Porsche works drivers Hans Herrmann and Richard Attwood.
Honda announces plans to offer electric vehicles by 2012
The future looks to be electric! The latest automaker to concentrate even more on the development of electric and plug-in cars is Honda.
Honda will introduce new advanced environmental technology vehicles, including a battery-electric vehicle and a new plug-in hybrid vehicle, to the U.S. market in 2012. In addition Honda announced application of a lithium-ion battery in the next-generation Civic Hybrid in 2011.
2 million Audi vehicles sold to American car consumers
Audi of America began offering cars in the U.S. 40 years ago with the Audi Super 90 and the Audi 100. Now in 2010 Audi is celebrating 2 million vehicles sold in to American luxury car consumers.
The milestone came in late June with the sale of an Audi A3 TDI, the reigning 2010 Green Car of the Year, to a customer at Keyes Audi in Van Nuys, Calif. The transaction involving a first-time Audi buyer illustrated how American luxury car buyers are moving Audi to the top of their shopping lists due to its roster of progressive models offering leading-edge technology and exceptional efficiency.
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