First Test Drive Of The New Hybrid Ferrari F150 [Video]

Fernando Alonso drives Ferrari's new F1 car, the F150 for the first time at Fiorano in Italy.

The F150 was named to mark the 150th anniversary of Italian unification. The 2011 Formula 1 season begins on March the 13th and will be broadcast in HD for the first time.

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Nearly 2011 Audi RS6 relieved in automobile market.Here We supply the latest and HQ wallpapers and stills of 2011 Audi RS6.Now the company revealed their vehicle with some efficient features and technologies.You can get high quality-high resolution images and photos of 2011 Audi RS6 that we have included here.

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Mahindra Genio is a small and useful pick-up truck for small and medium business merchandise deportation needs. This small pick up truck from Mahindra and Mahindra has a load carrying capacity of 1.2 tonnes. The truck is loaded with very much comfort and useful features in addition to being powerful and good looking. Price of Mahindra Geion starts from Rs. 4.99 Lakhs ex-showroom Navi Mumbai for BS3 variant. The BS4 complaint variants are priced higher, check with your nearest dealer for prices in your area of activity.

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Chevy Volt To Be Available Nationwide By The End Of 2011

Chevrolet is stepping up the national rollout of the Volt to match customer interest.

“We’re accelerating our launch plan to have Volts in all participating Chevrolet dealerships in every single state in the union by the end of this year,” said Rick Scheidt, U.S. vice president, Chevrolet Marketing. “This is the right thing to do for our customers and our dealers who are seeing increased traffic onto their showroom floors.”

Chevrolet Volts have been delivered to customers in the Washington D.C. area, as well as California, New York, Connecticut, New Jersey and Texas. Customer deliveries in Michigan begin this spring.

Customers nationwide will be able to order Volts with participating dealers beginning in the second quarter. Deliveries will begin in Virginia, Maryland, Delaware, Pennsylvania, North Carolina, South Carolina, Georgia, Florida, Oregon, Washington and Hawaii in the third quarter.

During the fourth quarter, Chevrolet expects to deliver Volts in all 50 states.

The decision to accelerate the national rollout was influenced by Chevrolet dealers like Criswell Chevrolet in Gaithersburg, Md., which has seen a surge of consumers interested in the Volt.

“The Volt is clearly bringing new customers to Chevrolet," said Harry E. Criswell III, president and owner of Criswell Chevrolet "We are seeing 10 to 15 customers a week who are seriously considering buying a Volt. Many of them own competitive brands and now have a Chevy on their shopping list because of the Volt."

GM Says “No Thanks” To More Government Loans

General Motors Co. is announcing today it will end its request for as much as $14.4 billion in loans from the Energy Department's $25 billion retooling program.

GM had applied for $14.4 billion in loans to retool plants and build more fuel-efficient vehicles, including about $4.4 billion in applications by operations that were reacquired from Delphi, its former auto supplier.

"This decision is based on our confidence in GM's overall progress and strong, global business performance," said GM chief financial officer Chris Liddell. "Withdrawing our DOE loan application is consistent with our goal to carry minimal debt on our balance sheet."

Liddell said the decision won't delay any of its product planning. It "will not slow our aggressive plans to bring more new vehicles and technologies to the market as quickly as we can."

GM has more than $20 billion in liquidity on its balance sheet and is in a much stronger position in the wake of its bankruptcy restructuring. GM is confident it can pay for the programs on its own.

GM's been debating dropping the request -- which it first made in late 2008 -- for months. Last week, the company's board of directors approved the decision to withdraw the application.
The move means that the Energy Department will have about $10 billion left in its program to award to other applications.

Stephanie Mueller, an Energy spokeswoman, said the decision was a sign of GM's health," she said.

"GM's decision to produce the next generation of efficient vehicles without a government loan is yet another milestone in the turnaround of America's auto industry," Mueller said.
GM's withdrawal will allow the government "to support a number of other innovative automobile technologies."

To date, the Energy Department has awarded about $8.5 billion, including $5.9 billion to Ford Motor Co. and $1.4 billion to Nissan Motor Co. Two start-up electric vehicle firms, Tesla Motors and Fisker Automotive, each received around $500 million.

"You are seeing the fruits of the program," said Ziad Ojakli, Ford's group vice president of government and community relations, pointing to the Ford Focus electric vehicle that's coming out later this year. "We used the DOE to speed production and move forward on fuel economy."
More than 100 companies initially sought $42.7 billion when the program was launched in late 2008, but many in Congress have criticized the slow pace of awards.

The only supplier to receive approval for a loan, Tenneco, also withdrew from the program after it had spent nearly six months working to close its loan.

Auburn Hills-based Chrysler Group LLC initially sought $8.55 billion, but has pared its request to around $3 billion.

Chrysler CEO Sergio Marchionne said he hopes to receive the funds by the end of March. The automaker is going ahead with fuel-efficiency projects, expecting it will receive the loan to help pay for them.

"I can't stop the machine," Marchionne said recently. "So far, I have been able to manage it (without the loan), but there will come a point in time when I have to go into the kitty and use other cash for this."

Sen. Debbie Stabenow, D-Lansing, said Chrysler's request would help protect 10,000 jobs in nine plants in four states, including Michigan.

The projects on which it is working "would save 520 million gallons of gasoline between 2011 and 2016," Stabenow said. "This is all about innovation and increasing fuel efficiency and technology." The low-cost retooling loan would allow Chrysler to reduce the $1 billion in annual interest it is paying on its federal bailout.

Ahead of its initial public offering in September, GM put its request on hold. GM officials have been signaling for months the loans weren't a top concern.

Then GM-CEO Edward Whitacre Jr. said in August that the loans were a "priority, but not a super priority."

President George W. Bush approved funding for the program in September 2008. GM and Chrysler urged Democrats to tap the program for a bailout and the House agreed in December 2008, but the Senate failed to act.

Bush opted to use the Troubled Asset Relief Program to rescue GM, Chrysler and their finance arms with about $25 billion.

The Obama administration put GM and Chrysler through bankruptcy and added about $60 billion to the bailout.

2011 Volkswagen Touareg 3 Concept wallpapers-stills-images and pictures

Volkswagen hold out an exclusive concept car based on the the Touareg 3 but a domesticates animals version. This 310 PS Volkswagen Touareg 3 Concept has a potential to be one of the world's wildest street-legal SUV. This concept car was disclose along with the Volkswagen Touareg Gold Edition Concept at the Qatar Auto Show 2011.

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Clean tech at heart of Siemens' record results

Siemens has beat analysts' predictions, with a record set of quarterly results that appear to, once again, vindicate the company's focus on emerging clean technologies.

The German engineering giant today said its income from continuing operations reached a record level of €1.79bn (£1.54bn) in the last three months of 2010, increasing 17 per cent on the previous year.

Net income increased 15 per cent on the previous year to €1.75bn, exceeding analyst predictions that had averaged €1.47bn in a Reuters poll.

Commenting on the announcement, an analyst at Cheuvreux told Bloomberg: "Siemens is on the right track strategically. It is executing well and capturing market share."

In particular, Siemens' order book was boosted by its focus on public transport, including orders for 10 new high-speed Eurostar trains and an order to upgrade Munich's subway system.

New orders for the Siemens Energy division also climbed 27 per cent, bolstered mainly by its fossil fuel business. But the company's renewable energy activities were also credited with driving a 14 per cent increase in the division's revenue.

The company's renewable energy business posted a strong rise in revenue – to €868m on conversion of a number of large orders. As a result, first-quarter profit increased year-on-year, despite significantly higher expenses for research and development, marketing and selling linked to the expansion of its wind business and integration of its solar thermal business.

Chief executive Peter Löscher reiterated a forecast of "moderate" sales growth for the year, despite the company's success. "Capital-efficient growth is our aspiration. We have lived up to it," he said.

He added that success of the company was also driven by its focus on green innovation. The company now has 80,000 patents in clean technology, he said, adding that the number of inventions registered by employees doubled in the last decade.