The Carlovers Magazine

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• Hyundai Shelves Plans for Separate Luxury Brand
• Chrysler Likely to Lose $10,000 on Every Electric Fiat 500
• Bugatti Hatchback May Debut in 2013
• New Chevy Malibu to be Sold Worldwide
• Hyundai Shows Fuel Cell Sedan
• Audi Goes Two-Wheeling
• GM’s Sales Growth Stalls in China
• Fiat Seeks Financing for Russian Plant
• Automakers Oppose New Emissions Regulations in India
• Ford India Sales Nearly Doubled in First Quarter

Hyundai Shelves Plans for Separate Luxury Brand Posted: Hyundai Motor Co. has no immediate plans to launch a separate luxury brand for its high-end Genesis and Equus models, Vice Chairman Shin Jong-Woon tells Automotive News without elaborating. Hyundai has been considering adding a separate luxury brand since the early development stages of the Genesis sedan in 2005. [...]

Chrysler Likely to Lose $10,000 on Every Electric Fiat 500 Posted: Fiat SpA expects its Chrysler Group LLC affiliate to lose more than $10,000 per unit on the electric version of the Fiat 500 city car when the vehicle goes on sale in the U.S. next year, Automotive News reports. The newspaper says Fiat expects similar losses in Europe when the [...]

Bugatti Hatchback May Debut in 2013 Posted: Volkswagen AG has given its Bugatti unit approval to build the 16C Galibier it showed in concept form at the 2009 Frankfurt auto show, Bloomberg News says. Unidentified company sources tell the news service the Galibier will be launched in 2013 or 2014 with a base price of about €1 [...]

New Chevy Malibu to be Sold Worldwide Posted: General Motors Co. plans to produce the next-generation Chevrolet Malibu sedan in multiple countries and sell it in nearly 100. GM says the model, which bows in the U.S. next year, will be the first midsize Chevy brand car to be offered globally. GM will unveil the new [...]

Hyundai Shows Fuel Cell Sedan Posted: Hyundai Motor Co. took the wraps off its first fuel cell sedan, the Blue2 concept, at the Seoul auto show last week. The company offers few details about the car's powertrain, except to say it uses a 90-kW fuel cell that delivers the equivalent of 82 mpg. Next [...]

Audi Goes Two-Wheeling Posted: Volkswagen AG's Audi unit has introduced a line of hand-built bicycles with hardwood frames, disc brakes, carbon fiber components and LED lights at prices between $6,500 and $7,500 each. The bikes were co-designed by Audi and Portland, Ore.-based Renovo Hardwood Bicycles. Renovo describes itself as the world's only maker of [...]

GM’s Sales Growth Stalls in China Posted: General Motors Co. sold 233,000 vehicles in China last month, barely besting its March 2010 tally of 230,000 units. It was the second straight month of single-digit growth in year-over-year sales. Last year GM's sales in China surged 29% to 2.35 million vehicles. Overall auto sales have slowed this year in [...]

Fiat Seeks Financing for Russian Plant Posted: Fiat SpA, which said in February it might build an assembly plant in Russia, is looking for €1.6 billion ($2.3 billion) in financing for the project, according to Reuters, which cites unidentified sources. Reuters says Fiat is in talks with Russian state bank VEB and the European Bank for Reconstruction [...]

Automakers Oppose New Emissions Regulations in India Posted: Industry and government officials failed to reach agreement on Friday over proposed new emission standards in India, reports the New Delhi-based Economic Times. The government proposes to adopt Euro 5-equivalent standards that would require average carbon dioxide emissions of no more than 128 g/km by 2015. Carmakers want a fleet [...]

Ford India Sales Nearly Doubled in First Quarter Posted: Ford Motor Co. says its operations in India sold 29,800 units in the first three months of the year vs. fewer than 15,200 for the same period in 2010. The total includes exports of 4,100 vehicles to other countries, up from 280 for last year's first quarter. Ford India achieved [...]

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