Auto Business News
Auto Business News is updated throughout the day and provides timely, concise news stories on the global automotive industry. Whether you are
following manufacturers, component suppliers or new technologies ABN will
cover the stories that are important to you.
Below you will find a recent sample of the publication.
Porsche reveals details of RS
Porsche AG (Porsche) (Xetra: POR3, FWB: POR3), a Germany-based manufacturer of sports cars, has revealed the details of the third new variant of its 911 sports car, the GT3 RS.
The car is being specifically designed for motorsport and national GT sports car championships.
The GT3 RS will be available on sale in Europe in October 2006 and in Australia by 2007.
The vehicle is available with a 3.6-litre horizontally opposed six-cylinder engine that produces 305kW of power and 8,400rpm. Porsche has claimed that the model will reach 100 km/s in 4.2 seconds, a shade faster than the standard GT model released earlier this year.
A carbon fibre rear wing, along with a plastic boot lid and plastic rear window means that the new variant manages a weight saving of around 20kgs.
Renault and PSA look for potential partners
France-based Renault (Euronext: RNO) and PSA Peugeot Citroen are looking for potential partners in the fast-growing emerging markets.
The France-based automakers are looking for global partners to increase sales. Renault is currently discussing a partnership with Russia-based AvtoVaz, while PSA Peugeot Citroen is currently in talks with Malaysia-based Proton over a cooperation project.
Neither firm has revealed a detailed plan of their projects.
Audi introduces Q7 in Abu Dhabi
Audi, a luxury unit of Germany-based auto manufacturer Volkswagen AG (Xetra: VW), has introduced its new Q7 model in Abu Dhabi.
The Q7 will be sold through Ali and Sons, an exclusive distributor for Audi in the Emirates.
A new 4.2-litre V8 engine with FSI petrol direct injection is available on the new Q7. The engine is capable of 257 kW and has a maximum torque of 440 Nm. Other features of the new model include six-speed tiptronic and an optional Audi Side Assist with radar technology for lane-changing manoeuvres.
Nissan reports decrease in global production
Nissan Motor Company (Nissan) (NASDAQ:NSANY), a Japan-based automobile manufacturer, has reported a decrease in its global production for the month of April, 2006.
The company posted global production of 230,175 units during April 2006, a 20.5 percent decrease over the same period in 2005.
Nissan’s production figures in the United Kingdom, Japan, the United States and Spain dropped by 18.9 percent, 29.6 percent, 19.6 percent and 28.3 percent respectively from April 2005 figures.
Production in other regions however increased 23.7 percent year-on-year, with China showing the greatest growth with 88.8 percent.
Robb Report Magazine Recognises Gallardo Spyder as Best Sports Car
Robb Report Magazine has honoured Italy-based Lamborghini’s Gallardo Spyder with its annual ‘Best Sports Car’ award.
The award is features annually in the magazine’s ‘Best of the Best’ competition.
The contenders of the award included the Ferrari F430 Challenge, the Spyker C8 Spyder and the Chevrolet Corvette Z06.
According to Stephan Winkelmann, president and CEO of Automobili Lamborghini, the award recognises the company‘s efforts to redesign the automotive sports car landscape with innovative technology and design solutions.