Hyundai Motor America CEO John Krafcik while speaking at the Management Briefing Seminars in Traverse City, Mich. Stated that “Getting to 50 mpg and beyond seems like a huge leap, but by making this commitment and aligning our r&d initiatives now, we know we can get there”.

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Though the goal which the company has specified is quite far from now but still the company is pretty much confident that they’ll get that one on the specified time frame. While discussing about the company’s plans, Krafcik showed up the example of 2011 Sonata midsize sedan is a very good example of perfect fuel economy and it is the company’s continuation into the plan discussed above.

By further discussing about his plan Krafcik said that the company will attain the 50 mpg target with its 80% lineup of gasoline powered cars and only 20% will be the hybrid models. From all the statements provided by Krafcik it is clear that the company is quite confident at its production lineup and with this attitude they can reach up to their goal.

This latest Hybrid version of Porsche is going to be developed first in the limited editions and then may be the range of development will be increase, according to Michael Macht, president and chairman of the board of management of Porsche AG “Production of the 918 Spyder in a limited series proves that we are taking the right approach with Porsche Intelligent Performance, featuring the combination of supreme performance and efficient drivetrain concepts”.

Now let me show the actual capabilities of this model, this model is going to be boosted up with two motors and both will be capable of producing power up to 109hp, there will also be a lithium ion battery along with that. It will come with a 3.6 liter V8 engine that will work with the batteries that is going to power the motors.

According to the company’s claims, this model is capable to reach 62mph in just 3.2 seconds and can lap the Nürburgring in 7.5 minutes. The car will be developed by light weight carbon-fiber monocoque and with that it will also a carbon fiber engine cradle. Thus from the specifications, I must say that get ready for a blast that will flash away the reputations of previous hybrid models present in the auto market.

Reports are also saying that BMW is going to be the first foreign carmaker to sponsor USOC; according to the USOC chief marketing Officer Lisa Baird “All of our research shows that our fans really respect Olympic sponsors, because they know that’s the way we bring the team to the games”.

While discussing about this new partnership Jack Pitney, Vice President of Marketing for BMW of North America said that “As a company dedicated to joy, performance and efficiency, BMW Group is a fitting partner for the USOC, whose mission of achieving sustained competitive excellence and inspiring Americans dovetails perfectly with our own values”.

Short track speedskater Apolo Anton Ohno also gave a response on this deal and said that “What’s truly unique about BMW is their willingness to go beyond financial assistance and make available their engineers and technology experts to work with Team USA athletes and try to enhance their training programs”. Thus we can see that both the organizations are quite happy with this partnership and now we have to see what will be the impact of this on future gaming.

Some of the functions that can now be controlled with the Smartphone include: remote starting, activating the horn and lights and remote locking and unlocking of the doors. The brands that are working to bring these mobile applications for the users includes: Chevrolet, Cadillac, Buick and GMC.

Another exciting thing that GM showed up today is that the OnStar subscribers will be able to get the diagnostic information on their phones and that information may include: fuel tank level, remaining oil life, recommended tire pressure and average mile per gallon driven.

This announcement has also been made that some agreements have been done with Google and according to them; the drivers will be able to set the destination using Google Maps and then send them to OnStar’s turn-by-turn navigation system.

If this technology really comes under the controls of drivers then it would be a fantastic success for GM and the technological advancement will surely touch the new heights of success.

While talking about this much fame of this new model Fritz Wilke, Mustang brand manager said that “The car continues to be popular with sports car enthusiasts and collectors who are blown away by the increase in horsepower and performance” and further “The limited production of the 2011 should make this year even more desirable”.

Let’s talk about the features of this ultimately dashing sports car; it carries a standard six speed manual transmission and along with an available six-speed automatic transmission, both of them ensure the smooth performance of this model. Some other out-class specifications and features include: new 5.0L V8 engine, new 3.7L V6 engine, cold air induction, dual exhaust on V6 and many others.

Ford has also reported that the glass roof has been the major attraction for lots of people which was previously not available for the base Mustang.

According to the specifications revealed from the company’s side the 459 challenge shares a 4.5 liter direction injection engine that can give the power up to 562 hp. Some of the further amendments in its specifications include the modified gear ratios and dual clutch gearbox and this modification has been made just to achieve higher torques at lower revs.

One beautiful change has been brought in its size and weight, the front body panels have got thinner and with that sufficient amount of weight has also been reduced but the company has not yet told what the actual weight of this new model is.

Another exciting thing in this new challenger car is its F1-Trac traction control system that has been developed by Ferrari itself and it constantly monitors grip levels of maximum road holding. Thus we can say that the new model is a real killer in all the capabilities it owns and thus it can prove itself to be the best one for the company.

One of the most exciting new sports cars by McLaren ‘McLaren MP4-12C’ is now giving its first debut at the GoodWood and it will be accompanied by some other models of McLaren. The final design of this car was showed up in 2009 and after that release people are just getting crazy to have this model in the markets and Yes! Finally it is going to be here.

Do you have any idea, who is going to drive this one for the first time in front of you? Yes it is none other than the McLaren Formula One stars Jenson Button and Lewis Hamilton. This exciting new sports car is coming with a powerful 3.8 liter 90 V8 engine with a dual variable valve timing that will boost up the power to 600 hp and 600Nm of torque.

The features and specifications of this new model shows that it is really going to be a blaster for the McLaren’s market and the other one that will give their debut in front of the public are a carbon fiber model with all the carbon fiber covering on the engine covers, splitters and seat backs. Thus we can say that the passage of excitement if going to be continued from McLaren’s side another time.

Previously the Hummer brand was expected to be owned by the Chinese company but that deal fell apart in February. The bad times for the Hummer brand were started when the gasoline prices were increased several years ago and then at that time people started shifting towards small crossovers.

According to GM the Louisiana factory will close no later than 2012 but the site is still developing Chevrolet Colorados and GMC Canyons. The Hummer brand by GM was not always under so bad conditions as some of the members of this brand at the start of their career in the market achieved quite good response from the customers but this brand later got unsuccessful due to lack of fresh and latest products and now it is going to get completely vanished from the world.

Toyota motor corp. had announced a recall of the Lexus LS 460 and LS 600h L and other models that are equipped with Variable Gear Ratio Steering (VGRS) to address a temporary steering wheel off-center condition that may develop under a specific driving maneuver in the previous week, just after the recall the company has announced that it is pausing the sale of 2009-2010 high end Lexus LS460 and Lexus LS 600h sedans.
This announcement has been made this Monday while the recall was finalized on Friday and according to the company’s estimate it has recalled 11,500 of all vehicles and among them 4,000 models were those from US. The stop of sales due to the safety concerns is not a very common thing in the auto industry but Toyota should be called as the beginners of this trend as they have also announced such actions for eight of its best selling brands.
The company has claimed that they have received one customer’s complaint in US and 12 in Japan but still no report of accident because of this problem has been seen. While discussing on this issue company spokesman Brian Lyons said “The owners of the affected LS sedans will be the first to receive the remedy for the steering problems — they’ll be the priority,” and further “After that we’ll fix any LS models that need to be repaired that are sitting on the dealer lots:. The Lexus’s steering problems have been first time found out by the company but it can affect the brand’s reputation so Toyota’s should fix the problems as soon as possible.

Chrysler has been a focus of attention for all media because of their new model of Grand Cherokee jeep, this model got lots of rumors regarding the specification and release date and finally the company has opened its mouth and given a clearer clue in the form of pictures of this ultra stylish future model.

The model has came exactly up to the user’s expectations and it has been greatly appreciated by the viewers because of its dashing highlights, better sculpted door panels and updated wheel wells. The first glimpse of this model was received in the New York auto show that was held about a year ago and since then this model is getting a huge response from the auto related people because it is considered to be one of the finest jeep model by Chrysler coming this year.

The pricing details as revealed shows that the Grand Cherokee will start at $30,995 for two-wheel-powered models and at $32,995 for four-wheel-drive versions. Some of the salient and exciting features to be coming with this model include: updated four wheel drive system, panoramic sunroof and some really awesome curls in the overall styling.

It has been reported that 2 different engines will be offered for the North American markets, the one will be 3.6 liter pentastar v6 engine producing horsepower of 280 and the other one will be the 3.7 liter V6 engine producing horsepower of 360hp. Thus overall we can see that Chrysler is really bringing a blaster this June and this model has got all capabilities to earn up a good name for Chrysler.