Pascal Prokop has modified his 1990 Volvo 240 station wagon in a way that may make it the world’s sole vehicle warmed by a wood-burning stove. Prokop, a Swiss man forced to deal with Swiss winters, said he preferred going with the wood stove rather than an electric heater so that he can keep the [...]
Filed under Automotive News by on Feb 22nd, 2012. Comment.
A recent survey by J.D. Power and Associations of vehicle dependability found that while most vehicles have improved in areas of dependability, Lexus sits above the rest. The survey polled 31,000 owners of cars from the auto-year 2009 to learn what types of vehicle problems they have had in the past 12 months. The top [...]
Filed under Automotive News by on Feb 22nd, 2012. Comment.
Insure.com has just released it perennial ranking of how costly cars are to insure. Topping the list as the cheapest car to insure is the 2012 Toyota Sienna LE, while sitting at the bottom of rankings is the finely-named 2012 Audi R8 Spyder Quattro, a convertible V10 two-seater that is all the things that grown [...]
Filed under Automotive News by on Feb 16th, 2012. Comment.
Volvo Cars has told its North American dealers that it has founded Volvo Car Financial Services (VCFS) to provide them financial services through funding provided by Bank of America. Volvo retailers will benefit from the creation of VCFS by being able to offer car buyers financing and leasing on both new and used cars [...]
Filed under Automotive News by on Feb 13th, 2012. Comment.
Denso and Yazaki, both Japanese auto industry suppliers, have pled guilty of bid-fixing and een subsequently fined $78 million and $478 million respectively by the U.S. Department of Justice. Additionally, four Yazaki executives will spend time in prison. This news come just three months after the Japanese supplier, Furukawa Electric Company, was fined $200 million [...]
Filed under Automotive News by on Feb 9th, 2012. Comment.