Auto Sector

Ailing car giant Chrysler to launch electric cars in 2010

Ailing car giant Chrysler to launch electric cars in 2010 New York  - Ailing US car manufacturer Chrysler unveiled electric versions of three of its models and said it had lost 400 million dollars so far this year, US business daily the Wall Street Journal reported Wednesday.

Despite cost cuts, Chrysler still was in the red and registered a 1.6-million-dollar loss for 2007, the paper quoted traders present at a Chrysler conference in Auburn Hills, Michigan, as saying.

According to the report, chief executive Robert Nardelli told businessmen that Chrysler had 11 billion dollars in cash.

German factory claims first in automotive lithium-ion batteries

German factory claims first in automotive lithium-ion batteries A factory making lithium-ion batteries for hybrid- drive cars opened in Germany Wednesday, with owner Continental saying it was the first in the world to mass-produce the storage cells.

Smaller lithium-ion (Li-ion) rechargeable batteries for laptop computers and other uses are common round the globe, but most fuel- saving hybrid cars use an older technology, nickel metal hydride (NiMH) batteries.

Mini range to be extended with compact SUV

Munich - Mini plans to extend its range with a compact SUV study featuring four doors, four-wheel drive and four single seats that will be unveiled at the Paris Motor Show in October.

Planned for production in 2010, the teaser images released by the BMW subsidiary show two conventional doors positioned on the passenger side with a third for the driver. The fourth door, for the rear passenger on the driver's side, slides back along the outside of the car for convenient access and loading.

The rear door has a frameless, retractable window and when open, swivels to one side to facilitate the loading of long items, such as skis, snowboards and surfboards.

Special fuel saving models planned for new Golf

Reykjavik - Volkswagen is planning special fuel-saving models for the new Golf including BlueMotion diesel and LPG (liquid petroleum gas) versions and hybrid and electric-drive at a later stage, the car maker announced in the Icelandic capital.

Three and five door versions of the new Golf, which will celebrating its world premiere at the Paris Motor Show next month, will then go on sale in Europe fitted with conventional petrol and diesel engines. The basic version will sell for 16,500 euros (23,274 dollars).

Older cars more likely to be stolen

Sydney - It sounds like a question on an intelligence test: Why do today's car thieves target older vehicles with a resale value of just a few thousand dollars rather than ones that have that new car smell?

Figures from Australia show that they do. Three-quarters of stolen vehicles are over nine years old. Police reckon a car built in the 1970s is eight times more likely to disappear than the average vehicle.

RACV Insurance general manager Susan Allen said cars insured for less than 6,000 Australian dollars (5,000 US dollars) accounted for more than half of theft claims. Vehicles less than three years old accounted for only 4.5 per cent of claims.

Mercedes to increase hybrid-drive offers by 2015

Stuttgart - Mercedes to increase hybrid-drive offers by 2015Mercedes-Benz is planning to offer every fifth car with hybrid-drive by the year 2015 starting with a new hybrid every year from 2009, the car maker announced recently.

The head of the car maker's marketing division, Klaus Maier, said that the combustion engine would remain a key element of the model line-up for the next 20 to 30 years.

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