From simple vehicle checks to obtaining the correct documentation, check out Bangernomics Top 10 guide to buying a cheap used car.
Design tweaks, improved safety and loads of new tech… Jeep’s new Grand Cherokee is headed for showrooms around the world.
POOR SALES FOR ELECTRIC RIDES: A123, a company that creates batteries for General Motors, BMW, and Fisker Automotive, has sold its automotive assets to auto parts maker Johnson Controls. Above shows the A123 factoy in Michigan, USA.
For the first time, an African American was running against a woman, for the chance to become the...
Author: TOM KRISHER
DETROIT, Michigan - Battery maker A123 Systems, reeling from lack of funding and poor sales of electric vehicles, has sent its US operations into bankruptcy protection on Tuesday and sold its automotive assets.The company warned that it would likely miss its debt payments and could be headed for a court-supervised restructuring. The company said in a statement that auto parts maker Johnson Controls Inc would buy its automotive business assets for R1-billion.SLOW EV SALESA123 received a R2.1-billion grant from the US department of energy in 2009 to help its build factories. The company creates batteries for automakers including General Motors, BMW, and Fisker Automotive.The filing is likely to stoke the debate in Washington over Barack Obama administration's funding of alternative energy companies. Republicans have accused Obama of wasting stimulus money on alternative energy companies after the failure of politically connected and now-bankrupt solar power company Solyndra. Its failure cost US taxpayers R4.5-billion.A123 has struggled for several years as Americans have been slow to embrace electric cars. The company has yet to post a profit and lost R720-million in revenue.Despite the slow sales of battery vehicles, US automaker Cadillac is set to enter the hybrid market as it produces its Chevrolet Volt-based ELR in 2013.
The first 45 electric taxis have hit the streets of congested Hong Kong to slash the cost of short-haul transport.
World championship leader Marc Marquez (Honda) took his second pole position in MotoGP on Saturday,
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Get all the latest Formula 1 news before the Spanish GP this weekend
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