April 2012

Chrysler reports first-quarter income of $473 million; up 300 percent over last year

(April 26, 2012) AUBURN HILLS, Mich. — Chrysler Group today reported preliminary net income of $473 million for the first quarter of 2012, up more than 300 percent from $116 million a year ago, driven primarily by its 40 percent increase in U.S. retail sales.

“Another positive quarter — built on sales gains that have surpassed the industry average — is affirmation that the Chrysler team is maintaining its focus,” said Sergio Marchionne, chairman and chief executive officer of Chrysler Group.

Four decades later, mini cars living large sedan life

(April 26, 2012) DETROIT — Mini-cars like the coming Chevrolet Spark are a fraction of the size of the average American 1973 full-size sedan, which were some of the largest passenger cars ever. But looks can be deceiving. Designers are putting a lot more inside small cars than might be expected.

2013 Audi Q5 gets first-ever hybrid and a diesel engine for the U.S.

(April 26, 2012) Audi has introduced an updated Q5 luxury compact sport utility with its first-ever hybrid powertrain. Also included in the 2013 lineup are a new diesel engine and two updated gasoline engine options. Audi's hybrid includes the brand's well-used turbocharged 2.0-liter 4-cylinder engine rated at 211 horsepower and 258 pound-feet of torque. Supplementing it is an electric motor good for 54 horsepower and 155 pound-feet of torque powered by a 1.3 kW-hr lithium-ion battery.

BMW offers lease protection program

(April 25, 2012) WOODCLIFF LAKE, N.J. —  BMW Financial Services has taken the next step in offering its Ultimate Lease customer a smoother, less-stressful lease-end experience – and overall simpler leasing experience – with the introduction of its BMW Lease Protection Program.

Jaguar adds Meridian sound to XJ Ultimate

(April 25, 2012) Jaguar has chosen the 2012 Beijing Motor Show to unveil its new range-topping XJ Ultimate, fitted with an innovative Meridian Surround Sound System offering what Jaguar calls unrivaled music reproduction in a luxury designed sedan. Jaguar is the latest British premium car maker to partner with Meridian Audio, the UK’s leading specialist manufacturer of high-end audio and video entertainment systems.

1,900 classic and modern Fords at annual California celebration

(April 25, 2012) BUENA PARK, Calif. — The 27th annual Fabulous Fords Forever! celebration was held at Knott's Berry Farm this past Sunday with exhibits of 1,900 classic and modern vehicles. An estimated 15,000 Ford owners and fans gathered to check out their favorite cars, meet with fellow enthusiasts and enjoy the Ford Motor Company "Drive One" experience.

Ford sets new goal to build on success of cutting waste

(April 25, 2012) DEARBORN, Mich., — Ford plans to further reduce the amount of waste it sends to landfills by 10 percent per vehicle by the end of the year — building on existing efforts that have cut global waste by 100 million pounds (44 percent) in the last five years.

GM announces it will build all-new Cadillac XTS in China

(April 24, 2012) DETROIT — Cadillac announced at this week’s Beijing Auto Show that it will build the all-new XTS luxury sedan in China in conjunction with joint venture partner Shanghai General Motors (SGM). The production expansion for the Chinese market is a major landmark in the brand’s global growth.

Range Rover Evoque Special Edition designed with Victoria Beckham

(April 24, 2012) BEIJING — Land Rover and Victoria Beckham have unveiled a new luxurious, hand-finished Range Rover Evoque Special Edition at the Beijng Auto Show.

The exclusively designed four-seat coupe is the result of collaboration with Land Rover Design Director, Gerry McGovern, and Victoria Beckham, winner of the coveted Designer Brand of the Year award at the 2011 British Fashion Awards.

Chevrolet delivers record first-quarter global sales — 1.18 million

(April 24, 2012) DETROIT — Chevrolet sold 1.18 million vehicles worldwide in the first three months of 2012, a 6.5 percent increase over the first quarter of 2011, marking the sixth consecutive quarter of record-breaking sales for the brand.  In the last two calendar years, Chevrolet has grown faster than other high-volume global brands, bringing its global market share to 6.3 percent.