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Subaru Legacy Touring Wagon, B4 and Outback all fully redesigned
Fuji Heavy Industries Ltd. (FHI), the manufacturer of Subaru automobiles, today announced the launch of the fully redesigned Legacy series, Subaru’s main model, across Subaru dealerships in Japan. Under the product concept of “Grand Touring Innovation”, the fifth-generation new Legacy offers a comfortable passenger compartment and excellent environmental considerations, while further enhancing its unique driving performance [...]
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Daimler acquires stake in Tesla
Daimler AG has acquired an equity stake of nearly 10 percent of Tesla Motors Inc. This investment deepens the relationship between the inventor of the automobile and the newest member of the global auto industry. Tesla is the only production automaker selling a highway capable electric vehicle in North America and Europe. The two companies have [...]
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Volkswagen Scirocco R - From the race track to the road
There could not be a better time or place for a world premiere: parallel to the start of the 24-hour race at the Nürburgring, Volkswagen is presenting the new Scirocco R for the first time anywhere. A sports car without compromise and a race track that demands everything of the driver will be meeting together [...]
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VW Polo “Wörthersee 09″ Concept car
In Austria, Volkswagen is already presenting a study that is based on the new Polo – the "Wörthersee 09" concept car. Visually, this study offers an initial impression of how a sport version of the new compact might look. It should be noted that it was always part of the successful model series as the Polo GT, Polo G40 or Polo GTI.
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British Steam Car Set To Shine In States
The British team behind ‘Inspiration’ - the vehicle that will next month make an assault on the world land speed record for a steam-powered car - recently called on the skills of car care experts Autoglym as part of final preparations before the car is shipped to the USA for its record attempt. The [...]
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BMW 5 Series Gran Turismo
BMW is once again defining a brand-new segment in the automobile market. The BMW 5 Series Gran Turismo combines elegance, space, comfort and variability in truly unique style. As an attractive, future-oriented extension of the BMW 5 Series, the BMW 5 Series Gran Turismo is quite unparalleled worldwide in the upper middle segment, combining the characteristic features of a prestige saloon, a modern, highly versatile Sports Activity Vehicle, and a classic Gran Turismo in brand-new, unprecedented style.
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Fiat lines up three banks to combine Chrysler stake with GM’s European operations
Fiat said that it has lined up three financial institutions to help it create a group that will combine its majority stake in Chrysler with GM’s European and Latin American Operations. It was reported yesterday that Fiat submitted two bids for GM’s Opel brand, one that includes GM’s Latin American Operations and one that doesn’t.
“Intesa Sanpaolo, UniCredit Group and Goldman Sachs have been selected as global coordinators and will assist and guide Fiat in all the required operations in the months to come,” Fiat CEO Sergio Marchionne said in a statement.
Fiat said that it plans to put all of these new operations into a new company that would be listed and traded on the European stock exchange.
The company, seeing as everything goes to plan and GM sells Opel and its Latin Operation, would create the world’s largest auto group with sales of 6 million vehicles annually and revenues that would exceed $100 billion.
Source: Detroit News
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