Archive for July, 2008
Thursday, July 24th, 2008
Ford Motor Company posted US$ 8.67 billion loss in the second quarter of 2008 as against US$ 750 million profit in the same quarter in 2007. Ford blames the loss on reduction in the value of assets in North America and Ford Motor Credit Company’s lease portfolio.
Ford is quick to ...
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Tuesday, July 22nd, 2008
Renault has introduced a new NOx trapping technology to reduce emissions at source by burning the exhaust gasses. The technology will be introduced in the 2.0 dCi engine of Renault Espaces that will be available in France and Germany from September 2008.
The NOx trap, through a chemical process, converts nitrogen ...
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Monday, July 21st, 2008
"I hope GM really celebrates it. They've had an enormous impact on the industry and they've had some amazing talents there … who did some groundbreaking work," said Bill Ford, Chairman of Ford, on the occasion of 100 years of GM.
Congratulations to one of the most revered car manufacturers! ...
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Monday, July 7th, 2008
Car manufacturers are embarking on lightweight materials for producing lightweight and ecofriendly cars to meet the emission norms resulting from global environmental concerns. For instance, European Commissions emission reduction norms require automotive manufacturers to cut car emissions from the current level of 160 g/km of CO2 to 130 g/km by ...
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Thursday, July 3rd, 2008
Seems like there is no respite in the offing for GM as its shares, on Wednesday, sank to their lowest level in more than 50 years. This followed Merrill Lynch's speculation of near term bankruptcy for the car maker and the rating cut for GM from "buy" to "underperform". Predictions ...
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