Mahindra & Mahindra Ltd. strengthened its position in the electric vehicles domain with the acquisition of a majority stake in REVA Electric Car Co Ltd. Bangalore. REVA Electric Car Co Ltd. will be renamed Mahindra REVA Electric Vehicle Co Ltd. Under the new agreement which was signed today by both the companies, M&M will own [...]
Ford announced it is investing $135 million to design, engineer and produce key components for the company’s next-generation hybrid-electric vehicles. Ford engineers in Dearborn will design the battery packs while engineers in Livonia will design electric-drive transaxles for the next-generation hybrids, based on Ford’s global C- and CD-car platforms, which go into production in North [...]
With new greenhouse gas emissions standard signed into law, the automotive industry is poised to undergo more change in the next 10 years than it has in the previous half century, said Mercedes-Benz USA executive Sascha Simon during a speech to young entrepreneurs at the Summit Series in Washington DC. However, he stressed that there [...]
Sierra HD delivers 21,700 pounds towing and 6,635 pounds payload GMC announced that the new 2011 GMC Sierra heavy-duty pickups have increased towing and payload ratings through ongoing development and testing, making them the most capable and powerful heavy-duty pickups in the segment. The ratings have been increased to 21,700 pounds of towing and 6,635 [...]
Ford’s all-new 2011 Fiesta – an Internet star even before it goes on sale this summer – will now stand out on the highway with an Environmental Protection Agency (EPA) certified 40 mpg rating, making it the most fuel efficient car in its class. The Ford Fiesta 40 mpg, achieved with Ford’s new six-speed PowerShift [...]