The recalls seem to just keep on coming for Toyota recently, but perhaps the most embarrassing of them all is last week’s announcement that Toyota is set to recall over 800 000 cars in the USA and Canada to fix a problem that was supposed to be fixed when they recalled the same vehicles last year.
Property assets include bungalows, townhouses, apartments, condominiums and now…parking spaces. In a city where space limitation is extreme, like Hong Kong, one particularly coveted parking space has a hefty price tag of USD640 000. You can buy 14 Toyota Camrys in Hong Kong with that money. The filthy, tiled lot measures only 128sqf, which makes its per square feet cost a staggering USD5000!
In a move that many say is long overdue, Sheila Dikshit, the Chief Minister of New Delhi, is set to double the parking rates from approximately 2 cents to 4 cents per hour.
Professor Ferdinand Porsche was busy designing and developing his cars from as early as 1896. The first fruit of his endeavours was an electric vehicle known as the Lohner-Porsche.
Jakarta (15 September 2013) – With its much-anticipated Low-Cost Green Car (LCGC) policy finally in place a year after being announced, Indonesia has given great motivation to car manufacturers to produce cheap, eco-friendly cars.
Stockholm (16th September 2013) – Volvo has debuted the new Concept Coupe at the Frankfurt motor show later this month. The elegant new design with its 21 inch wheels and low slung roof, which is very reminiscent of a Grand Tourer, is said to be inspired by contemporary Scandinavian lifestyle influences but immediate comparisons have been made to the iconic Volvo sportscar of the 1960s, the Volvo P1800.