Showing posts with label fact. Show all posts
Showing posts with label fact. Show all posts

Wednesday, August 17, 2011

Toyota Spent $1.2 Million Courting Washington Politicians in Q2 of 2011



Lobbying is a fact of political life in most democracies. And as with everything else, it isn’t for free: you can never get something for nothing, and the companies know that very well. So they are prepared to spend quite a lot of cash on lobbying the US House and Senate for laws and regulations that meet their needs.

How much? It depends. Toyota Motor Corp., for example, spent $1.29 million in the second quarter of 2011 lobbying on tax incentives for patent laws, alternative energy vehicles, fuel cells and other issues, according to a report filed on July 20 with the House clerk's office, and which was obtained by the media.

If you think that’ a lot, consider that it’s 20% down compared to the $1.61 million Toyota spent in the same period of 2010, but a little bit more than the $1.04 million it paid during the first quarter of this year.

Story Source: Businessweek




 

Saturday, May 28, 2011

Report: Lincoln plans to close 200 metro dealers, upgrade the rest


Now that Ford has officially announced that its Mercury division would be going the way of the Dodo, and with Blue Oval-branded models like the Taurus SHO proving that the Dearborn automaker can indeed move itself a bit upmarket, the next logical concern is addressing what will happen to Lincoln. That’s especially true given the fact that Lincoln’s 82,847 total sales in 2009 are a mere pittance compared to that of class-leadingLexus, which moved 215,957 vehicles.


One of the big problems with Lincoln is that there are just too many dealerships trying to sell a car to in-market customers. To wit, Lincoln currently boasts a whopping 1,221 stores in the States. By way of comparison, Lexus has 230, Audi has 270, BMW has 338 and Mercedes-Benz has 352. Do the math and it’s easy to see that each Lincoln dealership doesn’t sell very many vehicles – in fact, they’re averaging just two sales per week.


According to Automotive News, Ford has a two-part plan to inject some life into its moribund Lincoln outlets. First, the total number of dealerships will be reduced by at least 200, and most of those closures will happen in large metropolitan markets where there are already multiple stores. Second, remaining outlets will be heavily upgraded in order to compete with Lincoln’s targeted competitors.


Will it work? Hard to say, but if the brand can build models like the rumored production version of theConcept C showcar, it could certainly inject some life into Lincoln. In any case, we should get a few more details around October 4, which is when Lincoln’s annual dealer meeting is scheduled to begin.






BMW announces 2.0-liter four-cylinder turbo for U.S.


BMW has been teasing us with little factoids here and there about its new 2.0-liter turbocharged four-cylinder engine, and we finally have official confirmation that it will, in fact, be coming to the United States later this year.


This new four-cylinder engine uses the same twin-scroll turbo technology found in the larger N55 3.0-liter engine. Maximum power is rated at 240 horsepower at 5,000 rpm, and peak torque – all 260 pound-feet of it – is delivered at 1,250 rpm. By switching to a smaller-displacement, turbocharged, direct-injected engine, we can expect that cars with this new 2.0-liter four will get a healthy bump in fuel economy over the current six-cylinder models.


BMW has yet to point out which models will be getting the new 2.0-liter turbo, but since the automaker specifically mentions that it offers more power and torque than the current naturally aspirated 3.0-liter inline-six, we wouldn’t be shocked to learn that all cars with a 28i or 30i at the end of the name will now be powered by this four-pot mill. Earlier reports have suggested that the Z4 sDrive30i will now use four-cylinder power, and we’re betting both the 1 and 3 Series, as well as X1, will get the turbo-four treatment. Follow the jump for the official press release.






Twitter Delicious Facebook Digg Stumbleupon Favorites More