As technology advances, companies must collaborate. But how long will this trend continue?
Tokyo, March 2, 2009— Mitsubishi Motors Corporation (MMC) and PSA Peugeot Citroen announced today that both companies have signed a Memorandum of Understanding regarding collaboration on electric vehicles based on a vehicle currently under development by MMC in Japan.
In June 2008, both companies started a feasibility study of the development, manufacture and use of an electric powertrain for small urban vehicles.
With world economy at its worst GM/Opel is trying its best to stay alive, is this a smart choice for GM?
General Motors’ tale of woe continues this week with news that its German division, Opel, is to be partially sold. The process would see Opel transformed into a joint-stock company by selling off a 25 to 50 percent stake in the company.
GM plans to keep a majority share in Opel, however selling off part of the company is seen as a necessary action - especially as GM has its hand out for government assistance in Spain, Germany and the UK.
Bail out money was not enough for General Motors, Advertising gets the cut back, will it make or break GM?
If Optimus Prime was looking to General Motors to fund his GM-heavy Autobot army in the upcoming Transformers sequel, he’s got another thing coming.
The General (Motors, not Optimus) has announced it will cut a further US$800 million (a cool $1.26b in Aussie dollars) from its advertising budget – an extra US$200m on top of the US$600m the company already planned to cut by 2010.
America has not even seen the Ford Focus RS on its roads and its rumored that after 2009 the RS will be no moreIf the rumoured words of a Ford insider are anything to go by, we’re in the middle of the end of an era – and we haven’t even realised it yet. Sure, the economy’s been better, but we’ll pull through… right?
According to British web rag iMotor, a conversation with an unnamed Ford staffer revealed that the new Ford Focus RS is likely to be the last.
Formula DRIFT Prepares for 2009, Sixth Professional Championship SeasonLong Beach, Calif. – February 24, 2009 – Formula DRIFT prepares to begin the sixth professional championship season. Reserved tickets will be available online starting Thursday, February 26 for Round 1: Streets of Long Beach on April 10 and 11. The season opener will feature the world debut of new drift cars, new and returning drivers, and lots more.
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