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After Toyota official, a Honda executive also backs Takata

After Toyota official, a Honda executive also backs Takata

Japanese auto safety systems suppliers Takata Corp. has come to widespread attention because of its ongoing debacle with airbags manufactured between 2000 and 2007. Over the past years, millions of cars have been recalled because airbag inflators were defective and could potentially explode and send metal shrapnel and debris flying […]

UK – Subaru BRZ gets price cut

UK – Subaru BRZ gets price cut

Subaru has announced a significant price cut for the BRZ in the United Kingdom where the model in question is now 2,500 GBP cheaper. If you were looking up into the Subaru BRZ we have some good news for you because the carmaker has cut down its price by 2,500 […]

Suzuki S-Cross gets price cut in Australia

Suzuki S-Cross gets price cut in Australia

Suzuki has recently chopped the price of the S-Cross in Australia, where the most affordable version of the model is now available to its future customers from 1,000 AUD less than before. Suzuki Australia has recently dropped the price of its S-Cross once again as the cheapest version of the […]

India’s government proposes auto duties cuts

India’s government proposes auto duties cuts

In a move that might reduce car prices and grow falling sales, India’s finance minister has announced a proposal to reduce factory duties on vehicles, with small cars now taxed 8 % from 12% and SUV’s 24 from 30%. Finance Minister P. Chidambaram announced it has introduced the proposed reductions […]

Moody’s cuts rating, Fiat shares drop

Moody’s cuts rating, Fiat shares drop

Because Moody’s decided to cut Fiat’s rating to ‘B1′ from ‘Ba3′, the Italian automaker’s shares were slightly down. Moody’s explained the decision, citing the lower than expected results from last year, the problems it faces for 2014 with the advent of its eroding profitability triggered by declining economies in Latin […]

Australia: McLaren MP4-12C gets $100,000 price cut

Australia: McLaren MP4-12C gets $100,000 price cut

McLaren has recently announced a price cut for the MP4-12C in Australia which is more than significant. New rear mid-engined supercar buyers in Australia are going for the MP4-12C’s rivals, the Ferrari 458 Italia and the Lamborghini Aventador, so McLaren has decided to drop the price of the model in […]

Nissan GT-R Track Edition goes on sale in the U.S.

Nissan GT-R Track Edition goes on sale in the U.S.

Nissan has recently announced the launch of the GT-R Track Edition in the United States, where its future customers will have to pay 115,710 USD before driving their new rides home. According to the Japanese based automaker, the Nissan GT-R Track Edition is coming with some interesting items, such as […]

VW CEO Martin Winterkorn Will Get His Pay Cut for 2012

VW CEO Martin Winterkorn Will Get His Pay Cut for 2012

According to Der Spiegel magazine, VW Chief Executive Martin Winterkorn will be paid for last year 14 million euro, 20% less from 2011. According to anonymous sources, the automaker’s supervisory board will decide on the next meeting on February 22nd, a new compensation package for all members of the management […]

Volkswagen CC drops its price in the UK

Volkswagen CC drops its price in the UK

The German based automaker Volkswagen has recently announced a price drop of the CC model in the United Kingdom, where the four-door coupe is now starting at 24,050 GBP. After showing us the Volkswagen Touareg R-Line aimed towards the United Kingdom, the car manufacturer has placed yet another model into […]