McLaren Automotive will stick to building sports cars and ruled out following rivals that are adding SUVs to their lineups.
“We genuinely believe we make the best sports cars in the world,” CEO Mike Flewitt said in an interview here on Friday. “We need to remain very focused. McLaren is a sports car brand and that’s exactly what we’re going to remain.”
Rolls-Royce will probably post a fifth consecutive year of record sales, helped by demand in China and Japan, CEO Torsten Mueller-Oetvoes said.
Fiat Group plans to begin making Jeeps in China by late 2015 after reaching an agreement with local partner Guangzhou Automobile Group.
Researchers at the US Department of Agriculture (USDA) Agricultural Research Service (ARS) have developed and have filed a patent on a new fast pyrolysis process called Tail Gas Reactive Pyrolysis (TGRP), which removes much of the oxygen from bio-oils without the need for added catalysts.
Nissan expects its new compact hatchback will help the company reach its target for a 5 percent European market share by 2016.
