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BMW launches BMW X5 xDrive35i anniversary edition to celebrate one million milestone
(21/07/2010)

When it premiered in 1999, the four-wheel driven BMW X5 was the first vehicle of its kind. Since then, the concept of combining superior dynamics on tarmac with outstanding traction on off-road terrain, has been a show-stopper worldwide, whilst also generating crucial impulses for the BMW model portfolio. One million BMW X5 models have been sold within just eleven years. Achieving the seven-digit production figure is a further milestone in the success story of the first Sports Activity Vehicle. ... [more]

Values of used Chelsea tractors could drop by 10 percent in the next six months
(29/04/2010)

Values of used ‘Chelsea tractors’ could drop by up to 10% in the next six months as fuel prices continue to soar. Another round of price falls for thirsty second-hand 4x4s is likely as petrol prices head toward a record 120p per litre – spurred by a weak pound and the Budget’s 3p fuel duty rise. The last downturn, during the fuel price surge in 2008, stripped thousands in value from used off-roaders and large family cars with many owners unable to sell their vehicle on. Carsite suggests th... [more]

BMW upgrades BMW X5's engine and design
(02/03/2010)

BMW’s BMW X5 will receive an array of design and engine changes offering even greater performance and lower emissions, whilst also updating its look. Three new engines will be launched for the xDrive30d, xDrive40d – replacing the xDrive35d – and the xDrive50i – replacing the xDrive48i. All of the new powerplants now meet EU5 standards. The entry level xDrive30d has been upgraded to provide increased performance, making this the first conventionally-powered luxury SAV to record a sub 200... [more]

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Obama: Bailout saved U.S. auto industry
DETROIT — A year after the government's big auto-industry bailouts, President Barack Obama on Friday trumpeted increased car sales and progress on battery-powered vehicles as a beacon of success in his administration's battle to revive the U.S. economy.

Obama: Auto bailouts saved industry, jobs
DETROIT—A year after the government’s big auto-industry bailouts, President Barack Obama on Friday trumpeted increased car sales and progress on battery-powered vehicles as a beacon of success in his administration’s battle to revive a hurting U.S. economy.

Obama hails auto bailout as good news in Michigan
A year after the government's big auto-industry bailouts, President Barack Obama on Friday trumpeted increased car sales and progress on battery-powered vehicles as a beacon of success in his administration's battle to revive a hurting U.S. economy. But his upbeat assessment can't mask daunting challenges for U.S. automakers and painfully high unemployment.

Argentina car industry recession-proof
The car industry in Argentina has remained immune to the global economic crisis, maintaining an increase both in sales and in productions this year.

Penske: Fleet sales powering auto industry's sales increase
While auto sales have rebounded since last year's downturn, that surge is being driven by fleet sales to rental companies and other businesses, said Roger Penske, CEO of Penske Automotive Group.

Obama touts comeback of auto industry
DETROIT (AP) - A year after the government's big auto-industry bailouts, President Barack Obama on Friday trumpeted increased car sales and progress on battery-powered vehicles as a beacon of success in his administration's battle to revive a...

CREA cuts home sales forecast
Canadian home sales will decline 1.2% this year, not increase as previously forecast, the industry group said on Friday, but average prices should increase more than it forecast earlier

Obama says U.S. auto industry 'growing strong' after bailout
President Barack Obama, speaking at auto plants here Friday, praised the recovery of the embattled U.S. auto industry and celebrated the tough choices he says made a comeback possible.

Analysts expect rebound in July car sales
Surprisingly, consumers are heading to dealerships despite the lack of incentives from auto makers.

Weekly Address: President Obama Hails Successes of the Restructuring of the Auto Industry, Calls on GOP Leaders to ...
WASHINGTON – In this week’s address, President Obama praised the successes of the auto industry restructuring.  When his administration decided to invest in the American car companies, some said such a move was bound to fail.  But since GM and Chrysler have emerged from bankruptcy, the auto industry has added 55,000 jobs – the strongest growth in 10 years – and for the first time since 2004, all ...


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