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Honda reveals prices for the 2012 CR-V starting $22,295

16.12.2011 ADD COMMENTS

honda crv

This week, Honda revealed the price scheme for the 2012 CR-V. Despite the innovative features and new AWD system, the crossover’s average price grew just $181. Models equipped with the navigation system have actually dropped by $300, on average.

The LX trim 2-wheel-drive model starts at $22,295 — $23,105, including destination — while the range-topping all-wheel-drive EX-L comes in at at $29,795.

The new features introduced for 2012 models include: an Easy Fold-Down 60/40 Split Rear Seat, lower cargo floor and a range of standard technology features. New high-tech features standard on all models include a Bluetooth®3 HandsFreeLink® phone interface (previously an available feature) a full-color intelligent Multi-Information Display (i-MID) and a multi-angle rearview camera with guidelines. As a first for Honda, every 2012 CR-V includes an SMS text messaging function, which can read received texts from compatible cell phones aloud over the audio system. Another firsts are the introduction of standard Pandora® Internet Radio interface4, compatible with the Apple® iPhone®, which works with the vehicle’s audio controls and intelligent Multi-Information Display (i-MID) and the availability of a Rear Entertainment System (RES).

The CR-V is covered by Honda’s 3-year/36,000-mile limited vehicle warranty, a 5-year/60,000-mile limited powertrain warranty and a 5-year/unlimited-mil​e corrosion limited warranty.

Nissan: EUR156m EV battery plant construction suspended in Portugal

15.12.2011 ADD COMMENTS

nissan portugal battery plant

Nissan Motor Co. announced that is suspending the construction of the EUR156m ($206m) lithium-ion EV battery factory in Portugal (Cacia). The project has turned out to be unnecessary for the immediate future as the other plants, namely the Japanese, U.S., British and French facilities, are expected to meet the forcasted demand.

Antonio Pereira-Joaquim, a company spokesman, stated:

“The Portuguese project is suspended without a date for reactivation. We are going to study alternatives for the use of the building that has already been built. We’ve analyzed our battery output capacity and our four plants basically can make what had been expected to be produced by five plants. The Portuguese plant is the only one that is not adjacent to a Nissan car plant so it was suspended.”

The plant project, located near Cacia city, involved a 156 million euros investment and was supposed to deliver by 2015 over 50,000 lithium-ion batteries per year for Renault and Nissan EVs. It was expected to create jobs for 200 people.

Nissan underlined that the decision is anyway linked to the current economic crisis in Portugal, a country that is facing with the worst recession since 1974.

Nissan Leaf – First wireless EV vehicle

09.12.2011 ADD COMMENTS

nissan leaf

Nissan revealed recently a demonstration video of induction charging for its Leaf EV vehicle. The company announced that is developing a charging system aiming to allow induction battery charging through a wireless connection.

The system seems to be quite simple: drivers park over an induction charging mat that creates a wireless connection to an electric vehicle’s on-board charger. Using a dashboard display to navigate, drivers back up so the charging map is under the rear wheels. Sensors stop the car at the appropriate spot and the charging is started by operating a touch-screen display on a charge point. Charging status is shown on the accompanying pedestal’s screen.

The electromagnetic induction unit provides 80 to 90 percent efficiency and can charge at rates between 3 and 6 kWs, meaning it will charge the car in about eight hours.. It is said to be arriving sometime in 2013 and will only be available from the factory, so sorry, no retrofits for earlier buyers.

Regarding EV vehicles, Nissan also announced the developing of a smaller fast-charging spot and of a system that will allow homeowners to tap the energy stored in Leaf batteries to power their home – which will be available in Japan next summer for a price of about $6,400.

You can see below the video demonstration on induction charging released by Nissan last month in Japan.

Victrex profits boosted by Asian demand for luxury cars

07.12.2011 ADD COMMENTS

Victrex, a company specialized in making of polymers, reported a 14% increase in its revenues until 30th September, with earnings per share up 31% to 85.3p and dividend 30% to 32.5p. According to the official statements, the strong results were due to a rise in demand for luxury cars in Asia and a return in confidence in the industrial machines sector for most of the year.

At the end of September the 2011 year to date figures looked good: +14% in revenue to £215.8m in 2011 (2010: £189.5m), +13% sales volume increase to 2,860 tonnes (2010: 2,535 tonnes), +21% increase in gross profit to £146.4m (2010: £120.6m), representing a gross margin of 67.8% of turnover (2010: 63.6%), +26% in profit before tax to £94.2m (2010: £74.9m).


Anita Frew, Victrex CEO, stated:

‘I am delighted to report another year of strong organic growth at Victrex with record Group revenue and profits and a 30% increase in the annual dividend. Demand across most of our end user markets continues to be stable. We have seen some softening in parts of our VPS business, particularly in Europe, as customers are cautiously managing inventories ahead of the calendar year end. In our Invibio business we continue to see good growth. ‘.


As record sales were registered both by the VPS division, by double-digit gains in industrial, transport and electronics markets, and also by the medical devices unit Invibio, Victrex recognized that the uncertain situation within EU zone could hit demand especially in 2012, as 45 per cent of sales come from Europe, the Middle East and Africa.

Saabpocalypse: GM is not approving Saab sale

07.12.2011 ADD COMMENTS

SAAB logo

General Motors Co. announced that it doesn’t approve the proposal to sell its former Swedish unit Saab to the  Chinese carmakers Youngman and PangDa.

GM spokesman Jim Cain stated:

“We have reviewed Saab’s proposed changes regarding the sale of the company. Nothing in the proposal changes GM’s position. We are unable to support the transaction.”

On Monday, Saab announced that is under discussion with Chinese carmaker Youngman and an unnamed Chinese bank:

“The discussions include a short-term solution to enable Saab Automobile to pay the November wages and continue reorganization. The outcome of the discussions is still uncertain. Any possible transaction would be subject to the approval of the relevant stakeholders”.

Saab is one of the companies formerly owned by GM and sold during 2009 restructuring process. The company faced many financial problems since the beginning of the year and is currently reorganizing in Sweden under court protection from creditors. Due to lack of production and sales, it appeared many financial issues, as the automaker has not been able to pay salaries on time, nor many of its debts. In the whole world are approximately 1.5 million Saabs, from which 300,000 are located in the United States.

November: South Africa Vehicle Sales Growth Slows to +12%

06.12.2011 ADD COMMENTS

south africa traffic

According to the National Association of Automobile Manufacturers of SA (Naamsa), South Africa’s auto sales registered a 11.7% increased year-on-year in November, marking a market slowdown amid the debt crisis in Europe which affected the exports.

November sales reached 49,499 vehicles, almost 12 percent more than the 44,318 sold in November 2010. According to Naamsa, the auto sales expanded 19 percent in October and 30 percent in September compared to the same months last year.

The cumulate sales for the first 11 months of 2011 are 16% greater than the same period of 2010.
Total year to date domestic aggregate new vehicle sales remained 16% ahead of the corresponding 11 months of 2010. Export sales reflected an improvement of 17% in volume terms.

National Association of Automobile Manufacturers of South Africa stated:

“The slowdown in the rate of growth in the new vehicle sales cycle was consistent with the slower economic growth recorded in the general economy. Prospects of slower global growth, particularly in developed economies, could impact on industry export sales going forward.”

It must be mentioned that Europe purchases about 30 percent of the nation’s manufactured goods.

India: Ashok Leyland carmaker reports 54% sales increase in November

06.12.2011 ADD COMMENTS

Ashok Leyland

Ashok Leyland, India’s second-biggest bus and truck maker and part of Hinduja Group, announced a 54% sales increase for November 2011.

According to the official figures, the carmaker sold 7,878 vehicles in November 2011, 53.36 percent more than in the same month last year. The domestic sales increased 66.72 percent compared to November 2010, reaching 6,477 units, while the exports were up 11.90 percent, to 1,401 units.

Auto Sales: Australia +1.5% sales increase in November

06.12.2011 ADD COMMENTS


According to the latest figures revealed by the Federal Chamber of Automotive Industries, the auto sales in Australia registered a 1.5 percent increase in November.

Vehicle sales reached 88,654 units sold in November, 1.5% increase compared to same month 2010. Though, the cumulative sales for the first 11 months were 2.4 percent (23,009 vehicles) smaller than last year same period.

In November, the sales were led by Toyota brand with 17,436 vehicles sold, followed by local Holden brand with 9,761 units sold.

According to the market analysts, the 2011 total sales will reach more than 1,000,000 vehicles, despite some supply disruption which appeared due to Thai floods and Japan earthquake and tsunami.

Tata Motors: +41% sales increase in Nov.

03.12.2011 ADD COMMENTS

tata motors

According to the latest figures, for November 2011 Tata Motors registered a 41% increase in commercial and passenger vehicles compared to 2010, reaching 76,823 vehicles sold.

In November, the domestic auto commercial and passenger vehicles sales increased 44% compared to last year, for a total of 72,474 units sold. The cumulative sales for the first 11 months are 499,510 vehicles, 9% more than in the same period last year.

The commercial vehicle sales increased 28% compared to same month 2010 (44,737 units), the light vehicles sales increased 41% (to 28,673 units), while the passenger vehicles registered a 76% decrease (to 28,774 units) compared to November 2010 sales.

The company’s small car Nano’s sales stood at 6,401 units during the month compared to 509 units in the year-ago period recording an over 12-fold jump.

Tokyo 2011: Wave Hello to the Toray Teewave AR1 (electric)

02.12.2011 ADD COMMENTS

Toray Teewave AR1

Tokyo engineers from Toray (motto “innovation by chemistry”) presented with the ocassion of Tokyo Motor Show, a fetching concept car built to show off its carbon-fiber monocoque technology, TEEWAVE AR1 (Toray Eco Efficient Wave Advanced Roadster 1).

TEEWAVE AR1, benefits a Gordon Murray Design, a bodywork that looks almost like a Lotus Elise, but it’s all bespoke and considerably lighter (around 1800lb). It’s also a pure electric model, powered by a 47 HP / 133 LBFT electric motor and a 16 kW lithium-ion battery pack that can scoot the TEEWAVE up to 62 mph in 11 seconds and can reach a top speed of 91 mph. Range for this model is said to be 115 miles.

The most interesting part of the car are the 3-piece, carbon-fiber tub and the energy-absorbing carbon-fiber front crush box. Fortunatley, the stylish skin helps helps Toray to design weight-saving models.

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