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CARMAKERS NEWS * WORLDWIDE
* Italy - Former Exor advisers convicted in 2005 Fiat swap case
Turin,Italy -The Detroit News/Bloomberg News, by Tommaso Ebhardt -February 21, 2013: -- Former Exor SpA advisers Gianluigi Gabetti and Franzo Grande Stevens were convicted of market manipulation charges relating to a transaction that allowed the Agnelli family to keep control of Fiat spa... Prosecutors alleged that two Agnelli family companies, Giovanni Agnelli and C. Sapaz, and IFIL Investments SpA, later merged into Exor, and their advisers misled investors by failing to disclose a swap in two statements in 2005... The court sentenced Gabetti and Grande Stevens to a 16-month jail term and acquitted the companies, said an Exor spokesman. The jail sentences were suspended, he said... Gabetti, Exor's honorary chairman, and Grande Stevens denied any wrongdoing Thursday at the hearing, the spokesman said...
* Germany - Volkswagen prepares to build the world's most fuel efficient production car
(Photo: The Volkswagen's XL1, 'world's most efficient production car') Stuttgart,Germany -Gizmag, by C.C. Weiss -February 21, 2013: ... Volkswagen showed the XL1. Now is readying the production version for next month's Geneva Motor Show... Volkswagen calls the XL1 the most aerodynamic production car ever and uses a 0.19 drag coefficient to prove it. For comparison, the carefully aero-optimized, cost-is-not-an-issue McLaren P1's drag coefficient is 0.34. ... Aerodynamic measures include a narrowed rear-end, wheel covers over the rear wheels, and rear-view side cameras in place of mirrors. It doesn't exude conventional auto aesthetics, but if you're the type that appreciates function over form, it's an absolutely gorgeous design... The second pillar of the XL1's lofty fuel economy is weight savings. Thanks to a build that's more than 20 percent carbon fiber-reinforced plastic (CFRP), including the monocoque structure and body panels, along with a thin-glass windshield, polycarbonate side windows, and other measures, the XL1 barely twitches the scale needle to 1,753 pounds (795 kg). It measures 153.1 inches long, 65.6 inches wide, and 45.4 inches high (3,888 x 1,665 x 1,153 mm), which is comparable to the Polo's width and length, but more than 10 inches (254 mm) shorter...
* Germany - January passenger car markets in USA, China and Brazil show double-digit growth
Berlin,Germany -Automotive World (UK) -19 Feb 2013: -- As the new year started, as expected trends on the world’s passenger car markets varied. Sales showed marked double-digit growth in China (+59 per cent), the USA (+14 per cent) and Brazil (+18 per cent). The Russian market also expanded (+5 per cent). New registrations of passenger cars in Western Europe, by contrast, were down by 9 per cent owing to the weak demand in key countries. Western Europe remains weak in January as expected...
Labels: carmakers news worldwide
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