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- Drivers ditching gas guzzlers for fuel efficient cars amid high oil prices
Soaring oil prices are prompting consumers to ditch gas guzzlers for more fuel-efficient models, according the Scotiabank's automotive industry specialist. Last year's U.S. sales of sport utility vehicles were down by a third from their peak in 2001, Carlos Gomes said from Toronto on Friday, as the price of crude oil retreated to under US$98 ... - Renault worldwide sales rose 2.2 per cent in 2007
French carmaker Renault SA said Friday that vehicle sales rose 2.2 per cent last year and predicted growth of at least 10 per cent in 2008 as the company's turnaround strategy gathers pace. The return to growth last year follows a 4 per cent contraction in 2006 as a lack of fresh models kept ... - Hyundai Motor searching for factory site in Brazil for first South American plant
Hyundai Motor Co. is looking for a site in Brazil to build its first factory in South America, a company spokesman said Friday. The South Korean company previously announced a plan to build in Brazil, and spokesman Jake Jang quoted Hyundai vice-chairman Kim Dong-jin as telling new Hyundai employees on Friday that a site was being ... - Ferrari's Todt said Raikkonen's ``character'' gave him driver's job over Alonso
Former Ferrari boss Jean Todt said the decision to hire Kimi Raikkonen as driver instead of Fernando Alonso was proven right by the way the last Formula One season unfolded. Todt said he passed two-time world champion Alonso as the replacement for Michael Schumacher, who retired in May 2006, because he believed Raikkonen's character fit ... - Chrysler creates new vice president position to run global alliances
Chrysler LLC on Thursday announced a new executive vice- president position to expand alliances with overseas automakers, something that industry analysts say shows a new sense of urgency to find partners outside of North America. The company named Simon Boag as executive vice-president of global alliance operations, reporting to president and vice-chairman Tom LaSorda. ``Growth in markets ...
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