Without solid backing on Wall Street, FCA may have trouble securing favorable credit for the estimated €50 billion needed to reach aggressive volume targets set last May for the Chrysler, Jeep and Alfa Romeo brands.
BMW reportedly is leading the development of the cars’ chassis, banking on its experience with aluminum, carbon fiber and high-strength steel to create a lighter and stiffer composite body structure, while Toyota is focusing on high-performance hybrid technology.
Following the concept of Daimler’s Smart minicar, Daihatsu rejects the notion it is difficult to alter a car’s design after it is bought, and instead is enabling customers to make post-purchase changes in line with their preferences.
Last year, Hyundai was the first automaker in the world to sell a vehicle powered by a hydrogen fuel cell. Hyundai Vice Chairman Woong-chul Yang makes it clear the automaker plans to be a trailblazer in hybrids as well as fuel cells....More
New-car sales in China are expected to grow at least 5% this year. But margins on those sales, already small, have vanished for many dealers. Retailers now are looking to look to areas such as finance and insurance and used-car sales for profits....More