Mercedes-Benz E-Class Under Threat From BMW's 5-Series - TOP 10 Auto News Today 20080724

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Mercedes-Benz E-Class Under Threat From BMW's 5-Series - TOP 10 Auto News Today 20080724

Posted Thursday, Jul 24, 2008 by autos

TOP 10 - Are Canadians really parking their cars

According to some of our leading Bay Street economists, Canadians are "parking their cars" to avoid paying high gasoline prices. Doug Porter, of BMO Capital Markets, said "drivers really did park it in the face of soaring prices." Canadians, wrote one reporter paraphrasing another economist, "are choosing to stay off the roads whenever possible." Auto stats guru Dennis Desrosiers estimated that the average Canadian is driving 800 kilometres less per year.

[ Source : nationalpost ]

TOP 9 - Some small trucks get dismal crash test ratings

WASHINGTON - The latest crash tests by the insurance industry raise safety questions about small pickups, which are drawing more interest because they get better mileage than larger trucks.

[ Source : msnbc ]

TOP 8 - Asbury Automotive Group Declares Quarterly Dividend

Asbury Automotive Group, Inc. , one of the largest automotive retail and service companies in the U.S., announced today that on July 22, 2008, its board of directors declared a quarterly cash dividend of $0.225 per share of the Company's outstanding common stock. The dividend is payable on August 22, 2008, to stockholders of record as of the close of business on August 1, 2008.

[ Source : theautochannel ]

TOP 7 - Hyundai Motor profit slips as sales rise

South Korea's Hyundai Motor said Thursday that its second-quarter net profit declined nearly 11 percent despite higher sales, and vowed to fight high oil prices by aggressively exporting more fuel efficient vehicles.

[ Source : ap google ]

TOP 6 - GM Falls Further Behind Toyota in Global Sales Race

General Motors Corp., battling to keep its global sales crown, fell further behind Toyota Motor Corp. during the second quarter as a deteriorating U.S. market overshadowed gains overseas.

[ Source :.bloomberg ]

TOP 5 - VW, Peugeot, Fiat Steer Clear of Woes of U.S. Rivals

Shares in Volkswagen AG, PSA Peugeot-Citroën SA and Fiat SpA rallied Wednesday after all three auto makers posted strong earnings and maintained profit targets despite slumping demand in Western Europe, rising raw-material costs and continued currency woes.

[ Source : online ]

TOP 4 - Mid Ohio: Audi Returns to Overall Victory

Audi returned to its dominating style at Mid-Ohio Sports Car Course with a 1-2 finish in the Acura Sports Car Challenge on Saturday with Lucas Luhr and Marco Werner taking the first overall victory for the R10 TDI since April. Luhr crossed the finish line 7.717 seconds ahead of teammates Emanuele Pirro and Dindo Capello.

[ Source : theracesite ]

TOP 3 - BMW GINA Light Visionary Model revolution in evolution of automobiles

Automobile design has gained inspiration from a host of things in nature ever since the first cars rolled out over a century ago. The biggest and perhaps the most successful nfluence on vehicle design has come from a manmade source - aircrafts. Till date, the trickle down from aircrafts to automobiles has remained solely in the area of design. Enter, the BMW GINA.

[ Source :economictimes ]

TOP 2 - Duke Energy teams with General Motors on electric-car project

General Motors Corp. and more than 30 utilities, including Duke Energy Corp., will work together on a project to integrate plug-in hybrid electric vehicles into the grid. The cars would use domestically produced electricity and cost less to run than traditional cars using petroleum fuels.

[ Source :bizjournals]

TOP 1 - Mercedes-Benz E-class under threat from BMW's 5-series

It is amazing how a very successful car from one OEM goes on to inspire just as successful a comparative offering by a rival! The car which comes most vividly to mind is the E-class range by Mercedes-Benz, arguably the best selling and most successful luxury executive car model in history. And no it is not about the latest E-class which we have highlighted here in this issue of ET Zigwheels but the rival its success helped create.

[ Source : economictimes ]

Comments

by avava on July 24, 2008, 8:46 am

are you kidding? mpg is for the priussified. This car is for the "enthusiast"
by bat_iii on July 24, 2008, 8:52 am

Good news. More options=better, and the thought of something shaped like a 350z, with instant torque and zero dino consumption (while perhaps unlikely) put a big smile on my face.
by elputoyanki on July 24, 2008, 8:52 am

Second of all, COOL! I didn't know that there was an auto exec who saw the same light i did as far as plug-in hybrids: they don't make any sense!
by failtech on July 24, 2008, 8:57 am

are you kidding? mpg is for the priussified. This car is for the "enthusiast"