It looks as if Hyundai is set to build a test facility at the famous Nürburgring. Carscoop reports the Korean automaker has commenced construction on a 10,000-square-foot test center with access to the lengthy German track. Hyundai says the $7.3 million facility will help the company focus on improving the ride and handling of its vehicles through extensive research and development.
A scan of recent Honda headlines shows a corporate entity that you'd think few people, and even fewer CEOs, would complain about: in spite of the odd recall, Honda sales are up, it tops an ALG survey on perceived quality, has excellent relations with suppliers, was granted the right to alter its struggling IndyCar engine and then powered the car that won the Indy 500, and its intergalactically popular CR-V beat the new Mazda CX-5 in a Consumer Reports test. And it is the only major automaker to
These days, most Toyota models are about as likely to get your pulse up as the latest hardware from Frigidaire. But it wasn't always so. There was a time when Toyota counted itself among the world's sports car manufacturers with vehicles like the Supra, Celica All Trac and MR-2. Those two-doors helped forge generations of enthusiasts before the company shuttered its go-fast ambitions, a door that is only now starting to open again thanks to the new GT 86/Scion FR-S codeveloped with Subaru. Now,
Porsche is investing heavily in research and development to stay ahead of the company's impressive sales growth. Automotive News reports the German automaker is spending more than 10 percent of its revenue on research and development. That figure comes from Wolfgang Hatz, Porsche's head of R&D (for comparison's sake, automakers spend between five and six percent).
Hyundai Motor Group, the parent of both South Korean automakers Hyundai Motor Group and Kia International, will boost investment in facilities, research and development by 16 percent this year largely on its efforts to develop more fuel efficient engines for the two automakers.
Time. Patience. Grit. Determination. It will take all of these and more if Volkswagen is to succeed in its quest to become the world's largest and most profitable automaker. But there's one more thing it's going to require: money. Lots and lots of spending money.
Michigan has been begging for good news from the auto industry lately, and the Great Lakes state got some from a company that was once considered public enemy number one. Toyota has officially opened a brand new $187 million technical center in York Township that will provide 400 more jobs to the beleaguered state while giving the Japanese automaker additional manpower to develop more new vehicles for North America. The York Township facility will compliment the 700-person Toyota research and de