The Carlovers Magazine

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• Automakers to Restart Some Japan Plants Tomorrow
• Oil Prices Fall Below $100 per Barrel
• Federal Reserve Takes Rosier View of U.S. Economy
• Samsung to Hire Ex-BMW Design Chief: Bangle 2.0?
• Porsche Sued Again Over Stock Losses
• BMW Predicts Another Record Year
• Porsche Names Staedter to Head Purchasing
• 2011 Bentley Mulsanne – New Flagship For The Marque
• New Nissan Versa to Get New York Reveal
• Ever Wonder What a Bangle Keyboard Would Look Like?

Automakers to Restart Some Japan Plants Tomorrow Posted: Japanese carmakers and suppliers plan to resume work at some of the domestic plants that were idled after the country's 9.0 earthquake and a tsunami last Friday. But others are extending production suspensions because of parts shortages, power outages and transportation problems. Toyota says it will resume operations tomorrow at seven parts facilities in Aichi prefecture [...]

Oil Prices Fall Below $100 per Barrel Posted: Crude oil futures plunged $4.01 per barrel yesterday on the New York Mercantile Exchange to close at $97.18—down from a 29-month high of $105.44 on March 7. Analysts attribute the drop to expectations of a temporary drop in Japan's energy consumption from its usual level of about 4.4 million barrels per day. They say the growing [...]

Federal Reserve Takes Rosier View of U.S. Economy Posted: Federal Reserve policy makers say the American economy is on a "firmer footing" than when they last met in January. But they also voted unanimously yesterday to continue existing measures to stimulate growth. The central bankers cite the need to balance the reviving American economy with "depressed" commercial construction and housing markets. They also say they [...]

Samsung to Hire Ex-BMW Design Chief: Bangle 2.0? Posted: Samsung Electronics Co. has recruited former BMW AG design chief Chris Bangle to add some pizzazz to its cell phones and notebook computers, according to news reports in South Korea that cite unnamed company executives. Korea's JoongAng Daily says the electronics giant is poised to hire Bangle as one of its presidents to oversee major design [...]

Porsche Sued Again Over Stock Losses Posted: A new group of American hedge funds has filed a lawsuit in New York state court claiming they lost more than $1 billion in 2008 when Porsche Automobil Holding SE misled them about its efforts to acquire Volkswagen AG. In December a federal judge dismissed a similar lawsuit filed in New York by four short-seller funds, [...]

BMW Predicts Another Record Year Posted: BMW AG says it expects to improve on last year's record net profit of €3.2 billion ($4.5 billion) in 2011 and increase its profit margin before taxes and interest from the 8% it achieved in 2010. Analysts tell Bloomberg News the company's net income will grow 13% to €3.6 billion ($5 billion) this year. BMW reiterates [...]

Porsche Names Staedter to Head Purchasing Posted: Porsche AG has appointed Uwe-Karsten Staedter to head its purchasing department beginning next month. Staedter joined Volkswagen AG, which now owns 49.9% of Porsche, in 1974. He currently heads VW's electrical and electronic component purchasing.

2011 Bentley Mulsanne – New Flagship For The Marque Posted: First Look: If there's one thing that you won't associate with the 2011 Bentley Mulsanne it will be "Compromise". The Mulsanne is a fully loaded car in every possible way, and at any point of time the engineers and designers of the car have not "compromised" on any of the aspect of the car. As [...]

New Nissan Versa to Get New York Reveal Posted: Nissan Motor Co. will take the wraps off the next-generation Versa small car next month at the New York auto show. The company released sketches of the car last fall that showed a sleeker, more sculpted look than the current five-door hatchback. The 2012 model will ride on Nissan's "V platform," which also carries the Micra/March [...]

Ever Wonder What a Bangle Keyboard Would Look Like? Posted: Samsung Electronics Co. aims to hire former BMW AG design chief Chris Bangle to add some pizzazz to its next-generation cell phones and notebook computers, according to news reports in South Korea. Korea's JoongAng Daily, which cites unnamed Samsung executives, says the electronics giant is close to finalizing a deal that would make Bangle one of [...]

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