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| » January 18, 2007 |
World's oldest Ford to be sold at auction
A car described
as the world's oldest Ford will be offered for sale at RM
Auctions in Arizona on January 19, 2007.
The Ford Model A Rear Entry Tonneau was sold by Henry Ford
in 1903. The car has had only four owners in its 104-year
existence; records show it was purchased initially by Herbert
L. McNary of Iowa for $850. It was sold to car collector
Harry Burd around 1950 for $400 and restored. Burd sold
it to a Ford dealer in Switzerland for $6,500 in 1961,
who lent it to the Ford Motor Works in Cologne, Germany
in the late 1980s where it spent 15 years on display in
the company's foyer. The current owner purchased the car
from the Swiss dealer in 2001. The car features a 100-cubic-inch,
8-hp, two-cylinder engine, two-speed transmission, live
rear axle suspension and mechanical brakes. Ford used a
succession of letter names for his cars, but returned to
the Model A name in 1928 after discontinuing the popular
Model T. The car is expected to bring between $400,000
and $500,000 at the auction. For more information, visit
RMauctions.com.
Honda CR-V earns top ratings in Consumer Reports tests
The
redesigned Honda CR-V has outscored four other car-based
small SUVs in tests for the February 2007 issue of Consumer
Reports, although it fell short of the top-rated vehicle
in the class, the previously tested Toyota RAV4. The
CR-V achieved a "Very Good" overall performance
score in tests against the Honda Element, Chevrolet Equinox,
Jeep Compass and Saturn Vue Green Line hybrid. The CR-V,
RAV4 and Subaru Forester have consistently dominated
the top of Consumer Reports ratings for small SUVs. In
testing for the July 2006 issue, the RAV4 took the top
spot in the small SUV category, beating out the previous-generation
CR-V. The magazine says the newest-generation CR-V didn't
perform well enough to regain its standing as the top-rated
small sport utility. None of the other vehicles in the
latest test scored close to the top-rated RAV4, CR-V
and Forester. The Honda Element finished mid-pack with
a "Good" overall score, followed in order by
the Equinox, Compass and Vue Green Line. Among the vehicles
in the test group, Consumer Reports recommends only the
CR-V and Element. The magazine does not have reliability
information yet on the Compass or Vue Green Line, and
previous versions of the Equinox have had only fair reliability.
Consumer Reports only recommends vehicles that have performed
well in its tests, have at least average predicted reliability
based on a survey of Consumer Reports subscribers, and
performed at least adequately if crash-tested or included
in a government rollover test.
Mazda debuts online museum
Mazda Motor Corporation is
offering consumers an inside look at its many automotive
firsts through a new online
museum. The museum brings the existing Mazda Museum
in Hiroshima online, using a combination of flash and
broadband video. Visitors can learn about Mazda milestones,
watch video clips of designers talking about how cars
are developed, and view 30 of Mazda's top cars up close.
Since 1920, Mazda's Hiroshima Factory has been known
as one of the premier design centres in the automotive
industry, and houses an existing on-site museum used
as the blueprint for the online version. Feature cars
include the 1967 Cosmo Sport, MX-5 Miata, and the 1991
787B that was the only Japanese car to win at LeMans.
The site's Special Exhibition section will also house
concept cars revealed during the 2007 auto show season.
The museum can be found at MazdaMuseum.com.
Former VW executive goes on trial in corruption scandal
Volkswagen
AG's former personnel chief went on trial Wednesday
in a corruption case that has shone an
unsavory light on the cozy relationship between the
company's management and labor representatives. The
case against Peter Hartz and others rests on accusations
that key labor officials at the company -- including
a current member of the German parliament -- were
showered with illegally financed perks, including
trips and prostitutes. Hartz, who advised former
Chancellor Gerhard Schroeder on how to streamline
Germany's jobless benefit system in the 1990s, faces
up to five years in prison or fines if convicted
of breach of trust. He faces 44 charges of breach
of trust for alleged offenses including awarding "special
bonuses" worth $2.5 million in VW funds to Klaus
Volkert, the former head of the company's powerful
employee council, and paying $520,000 to Volkert's
lover. Prosecutors have, however, dropped charges
related to the alleged use of company funds to pay
for prostitutes, saying they caused the company far
less financial damage than the alleged bonus payments.
Hartz, who resigned from Volkswagen in 2005, has
not publicly commented on the charges, nor has his
lawyer. The trial is expected to feature at least
two court sessions, but no date has been set for
a verdict.
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