Mitsubishi Motors launches New eK Wagon and eK Sport

mitsubishi-ek-wagon-ms.jpgMitsubishi Motors Corporation today launched fully redesigned eK Wagon and eK Sport models at affiliated dealerships throughout Japan on September 13, 2006. Developed to a “convenience”, “peace-of-mind” and “feel-good” theme, features distinguishing the new eK series include a power sliding door, the first on a bonnet-type passenger minicar, and a comprehensive small-item storage and utility specification that offers outstanding usability. Continue reading Mitsubishi Motors launches New eK Wagon and eK Sport

BMW to introduce first hydrogen powered luxury car

bmw.jpgGerman automaker BMW AG said Tuesday it will introduce the world’s first hydrogen-powered luxury performance car.Know as the Hydrogen 7, the car will be built in a limited edition in Europe and will be sold to the U.S. market, the company said in a statement. It’s equipped with an internal combustion engine capable of running on either hydrogen or gasoline and is based on BMW’s 7 Series. Continue reading BMW to introduce first hydrogen powered luxury car

Scania says it has `reasonable grounds’ to expect takeover bid from MAN

man.jpgShares of Scania AB rose more than nine per cent before its shares were halted from trading Tuesday amid reports that MAN AG was considering a takeover bid that could combine two of Europe’s largest truckmakers.
In a statement released after markets closed, Scania said it had “received information to the effect that it has reasonable grounds to assume that Germany’s MAN AG will make a bid for the company.” Continue reading Scania says it has `reasonable grounds’ to expect takeover bid from MAN