Auto Sector

Mitsubishi, Mazda forecast losses

Mitsubishi, Mazda forecast lossesTokyo  - Mitsubishi Motors Corp and Mazda Motor Corp joined a growing number of Japanese automakers Wednesday in predicting losses for the current fiscal year, all dragged down by the yen's rise against the dollar and slumping demand.

Mitsubishi said it expected net losses of 60 billion yen (670 million dollars) for the 2008-09 business year ending in March, the first loss in three years.

Fuji Heavy suffers net quarterly loss of 214 million dollars

Fuji Heavy suffers net quarterly loss of 214 million dollars Tokyo - Fuji Heavy Industries Ltd incurred a net loss of 19.2 billion yen (214.7 million dollars) in the October-December quarter because of a strong yen and slow sales amid the global economic downturn, the company said Wednesday.

The conglomerate - which manufactures Subaru cars as well as trains, industrial products and aerospace technology - reported 10 billion yen in profit during the same quarter a year before.

BMW makes incorrect fuelling of diesels impossible

BMW makes incorrect fuelling of diesels impossible Munich - BMW is fitting all its diesel models with a special mechanical slot to prevent the driver from filling up with the wrong type of fuel, the car maker has announced.

Germany's automobile association (ADAC) assists some 50,000 drivers of diesel cars every year who filled up their cars with petrol. Even if the driver notices the mistake before starting the engine, the costs of emptying and cleaning out the entire fuel system can prove exorbitant.

Go-anywhere Mercedes-Benz G-Class celebrates 30 years on the trail

Go-anywhere Mercedes-Benz G-Class celebrates 30 years on the trailHamburg - The rugged Mercedes-Benz G-Class is as boxy and utilitarian as the day it made its debut 30 years ago and that's exactly the way customers want it to stay.

The German maker's recent proposed dropping of this most Teutonic of all-terrain vehicles from the range sparked an outcry from dealers and fans with the result that the G-wagon is going as strong as ever.

Biofuel Bentley weighs in at Geneva show

Biofuel Bentley weighs in at Geneva showCrewe, England - Luxury carmaker Bentley will launch its first ever biofuel-powered car at the Geneva show from March 5-15, the company has announced.

Teaser shots from Bentley show a model which appears to be based on the Continental GT. The car runs on bio-ethanol and is being billed as the "fastest, most powerful production car" ever made by the company.

Wiesmann offers V8 with 420 hp

Wiesmann offers V8 with 420 hpDuelmen, Germany  - The German sports car manufact

Pages