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Fans of cars, and in particular luxury car lovers – today's news to you. One can choose the train to Times Square and spend the time smashed and uncomfortable among a massive crowd of strangers in the freezing cold. Or you could chose the best luxury car of the year, go for a ride and paint the town in red! The year 2015 has placed face to face two of the greatest titans in car industry: BMW and Lexus. The German company claimed most sales but this turns to be not enough. Recent data shows that Lexus might get the upper hand in this one, in fact, Lexus has turned up to b...
The world’s largest automaker Toyota would buy out the rest of minivehicle unit Daihatsu - an all-stock deal worth about $3 billion and part of its strategy to strengthen its push into compact cars for emerging markets.Toyota acquired a controlling interest of 51 percent in Daihatsu in 1988. But now it is raising its stake to 100 percent by a reciprocal share-swap agreement that will see Daihatsu's other shareholders take 0.27 shares in the larger company for each share in the smaller.This move will help to improve Daihatsu small cars by having a unified strategy in the sengment, alt...
The state of New Mexico on Wednesday sued Volkswagen and subsidiaries Porsche and Audi for using software in their diesel vehicles to cheat U.S. emissions tests, calling the companies "shameless" and vowing to exact costly revenge. Attorney General Hector Balderas filed the lawsuit in state district court late last Tuesday. "It’s not lawful to profiteer and breach the trust of New Mexico consumers, and Volkswagen, Audi and Porsche will be held accountable for their deceptions," Balderas said. "Volkswagen preyed upon hardworking New Mexicans who want to prote...
Millions of Americans are battling with the elements on Saturday as Jonas brought hurricane-force winds and feet of snow to ten states.About 150,000 North Carolina homes and businesses are shuddering in the cold after ice and strong winds caused power outages. The State Highway Patrol warned motorists on Saturday to stay off roads that were coated with invisible sheets of ice. Troopers had responded to more than 2,000 crashes since icy conditions moved in on Wednesday.Storm Jonas had left the East Coast covered with a think blanket of snow on Saturday as it hovers over the East Coast of t...
