Archive for the ‘Auto industry’ Category.
12th May 2008, 12:36 pm
TULSA, Okla. - Dollar Thrifty Automotive Group, Inc today reported results for the first quarter ended March 31, 2008. The net loss for the 2008 first quarter was $297.9 million, or $14.07 loss per diluted share, compared to net income of $5.2 million, or $0.21 per diluted share, for the comparable 2007 quarter. The decrease in first quarter net income year over year included a $12.52 loss per diluted share related to the impairment of goodwill and other intangible assets and a $0.78 decrease in fair value of derivatives. Continue reading ‘Dollar Thrifty Automotive reports Q1 2008 results’ »
12th May 2008, 05:23 am
Hyundai i800
PRESS RELEASE
Hyundai goes one better - a people carrier with room for eight
- All new eight-seater with space for luggage too
- New 170PS, 2.5-litre turbodiesel and rear-wheel-drive
- On sale 20th June priced at £19,495
Continue reading ‘Hyundai intros 28mpg full-size diesel i800 van in Europe’ »
12th May 2008, 05:16 am
PARIS/PUNE/TOKYO – Mr. Rajiv Bajaj, Managing Director of Bajaj and Mr. Carlos Ghosn, President and CEO of Renault and President and CEO of Nissan, today announced they will form a joint-venture company to develop, produce and market the car code-named ULC with a wholesale price range starting from 2500 USD . The new joint-venture company will be 50% owned by Bajaj Auto, 25% by Renault and 25% by Nissan.
Targeting the growing Indian new vehicle market, this ULC will be made at an all-new plant to be constructed in Chakan (Maharashtra state) in India. Initial planned capacity will be 400,000 units per year. Sales will start in early 2011 in India, as a primary market, with growth potential in other emerging markets around the world. Continue reading ‘Bajaj Auto & Renault-Nissan alliance to build car code-named ULC’ »
10th May 2008, 11:22 pm
It’s no surprise at all that the rocket age began in Germany. But a story that includes dropping V2 rockets on the innocent population of London in the Blitz began 15 years earlier, and the only explosives involved were the 24 rockets with 265 pounds of propellant behind Fritz von Opel’s head.
The dream started in 1927 when Max Valier, a South Tyrolean astronomer, test pilot and author of The Advance into Space approached von Opel seeking support for his rocket engine research. Von Opel, himself a race car driver and pilot, recognized the potential of rocket technology as well as its advertising value for his family’s company. From then on, Opel’s factory in Rüsselsheim began researching innovative modes of propulsion, measuring the thrust of various rocket types on a specially-constructed test bench. Engineer and rocket-maker Sander, based near Bremerhaven, delivered state-of-the-art solid-fuel rockets to them. Sander already had made his reputation manufacturing rockets for maritime rescue operations; his missiles were used to propel ropes to ships in distress.
By the spring of 1928, the company announced Continue reading ‘Opel RAK 2: enough to blow up a whole neighborhood’ »