The Carlovers Magazine

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• Japan’s Vehicle Sales Plunged 51% in April
• Lear Sales Jump 20%
• Goodyear Swings to Profit on Record Sales
• Best Convertibles for summer 2011
• VW Steps Up Plans for More Crossovers
• Peugeot Prototype Sets Nurburgring EV Record
• Rapper Buys $8 Million Maybach Concept
• PSA to Hire 1,600 Graduating Engineers
• New VW Electronics Lab Opens in California
• Aston Martin, Rolls-Royce Get Royal Treatment

Japan’s Vehicle Sales Plunged 51% in April Posted: Sales of cars and commercial vehicles in Japan, which fell 37% year over year in March, plummeted 51% in April, according to the Japan Automobile Dealers Association. JADA says last month's sales in Japan totaled 108,800 cars, trucks and buses. The figure excludes minicars and minitrucks. Sales and production have been [...]

Lear Sales Jump 20% Posted: Lear Corp. posted net earnings of $156 million (€105 million) in the first quarter of this year compared with $66 million in the same period of 2010. Revenue for the Detroit-area supplier rose to $3.5 billion (€2.4 billion) from $2.9 billion. Revenue in Europe jumped 21% to $1.5 billion (€1 billion). [...]

Goodyear Swings to Profit on Record Sales Posted: Goodyear Tire & Rubber Co. reported net income of $103 million (€70 million) in the first quarter of 2011, reversing a $47 million loss a year earlier. Revenue for the American tiremaker grew 27% to $5.4 billion (€3.7 billion), the highest for any quarter in the company's history. Improved product mix, [...]

Best Convertibles for summer 2011 Posted: With the summers around a lot of things changes along with the weather; more than anything it's more of a change in mood. With the days getting longer and sunshiny skies over the head, it makes people take out their legs off their pants, their hands off their shirts and more than anything it wants [...]

VW Steps Up Plans for More Crossovers Posted: Volkswagen AG is moving closer to adding a high-volume crossover vehicle to its U.S. lineup to help it achieve sales targets for 2018, Car and Driver reports. VW has talked previously about the importance of expanding its crossover lineup beyond the current compact Tiguan and midsize Touareg—both of which [...]

Peugeot Prototype Sets Nurburgring EV Record Posted: PSA Peugeot Citroen SA says its prototype EX1 electric sports car recently navigated the 12.9-mile Nurburgring Nordschleife test track in just over nine minutes and one second to easily set a new course record for an electric vehicle. The car averaged 86 mph. The previous EV mark of nine minutes [...]

Rapper Buys $8 Million Maybach Concept Posted: American rapper and music producer Bryan "Birdman" Williams says he has purchased the one-off Maybach Exelero coupe for more than $8 million. German tiremaker Fulda Reifenwerke commissioned Daimler AG's Maybach unit to build the vehicle in 2005 as a demonstrator model to showcase its line of high-performance tires. [...]

PSA to Hire 1,600 Graduating Engineers Posted: PSA Peugeot Citroen SA says it will hire 4,000 new college graduates—including 1,600 engineers—this year in France. The rest of the additions will be a mix of designers, IT specialists and sales and marketing professionals. This week PSA will begin hosting a series of department-specific recruitment fairs in France for pre-selected [...]

New VW Electronics Lab Opens in California Posted: Volkswagen AG has opened a new Electronics Research Laboratory in Belmont, Calif. The company describes the facility, which replaces a smaller lab in Palo Alto, as its largest research unit outside Germany. VW also has electronics labs in China and Japan. The new California facility will have a $20 [...]

Aston Martin, Rolls-Royce Get Royal Treatment Posted: Following their wedding on Friday, England's Prince William and his new bride, the former Kate Middleton, greeted well-wishers by taking a spin in his father's 1969 Aston Martin DB6 Volante MkII convertible. Prince Charles, who received the vehicle as a gift from Queen Elizabeth on his 21st birthday, had [...]

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