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Agreement reached on sale of Saab

Green Cars News

The restructuring of the auto industry following the collapse of General Motors and Chrysler continued yesterday when GM confirmed it had signed a stock purchase agreement with Koenigsegg Group AB for the sale of 100 per cent of the shares of Saab Automobile AB.

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New car sales lowest since 1991

Green Cars News

New car sales fell 24 per cent in April, the latest figures from the Society of Motor Manufacturers and Traders (SMMT) has revealed. New car registrations in the UK stood at 133,475 units this April, the lowest since 1991. The drop in sales continues a trend in depressed car sales, with 28.5

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Renault and Nissan to further partnership

Green Cars News

Since 1999 the two companies have worked together and succeeded in creating several shared platforms and powertrains as well as co-operating on advanced technologies, the standardisation of manufacturing methods and the expansion of the product line-ups of each partner. Research and advanced technology savings of €115million.

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Suzuki calls for scrappage scheme in Australia

Green Cars News

Having been boosted by scrappage scheme sales in Europe, Japanese manufacturer Suzuki wants to see a similar scheme implemented in Australia. The European standard of 130g/km of CO2 has been outlined as the standard bearer for green cars.

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China on track for 12million vehicles

Green Cars News

A report in the People’s Daily quotes Chen Bin, director of the Department of Industry under the NDRC, as stating that Chinese car manufacturers were originally expected to produce and sell more than eight million units of vehicles in the first eight months of the year. Tags: Cars Green cars Latest news.

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Average fuel economy on the up

Green Cars News

During this period the volume of sales slumped sharply, partly linked to the rising unemployment rate though the price of petrol is not seen as a leading influence. Tags: Green cars Latest news average fuel economy average fuel economy in USA fuel economy Michigan Transportation Research Institution.

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Electric truck firm buys Smith Electric Vehicles

Green Cars News

Smith Electric Vehicles US has finalised its purchase of its United Kingdom-based parent company, Smith Electric Vehicles (UK), to create the world’s largest manufacturer of commercial electric vehicles.