The Federal Government has revealed that an estimated 180,000 barrels of oil equivalent daily or approximately $7 billion yearly was lost to oil theft.

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Toyota’s Huntsville, Alabama production facility, which makes the company’s four-cylinder, V6 and V8 engines, is getting a couple of big boosts: $80 million and roughly 125 new jobs. When the spending and hiring is complete, the enlarged factory and the plant’s 1,150 workers will raise engine-production capacity to more than 700,000 units, with V6 production more than doubled from 146,000 engines per year to 362,000.

Toyota’s been spending and hiring all this year, with $645 million invested in growth and 1,100 jobs added to the rolls. “This V6 line addition,” said a company EVP, “continues to reflect our growing optimism for an improving North American market.” Toyota’s press release is posted below.

Continue reading Toyota boosting V6 production in Alabama, adding 125 jobs

Toyota boosting V6 production in Alabama, adding 125 jobs originally appeared on Autoblog on Sat, 19 May 2012 16:03:00 EST. Please see our terms for use of feeds.

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If you need to haul some stuff in a big hurry, you could do a lot worse than the Mercedes-Benz C63 AMG Estate wagon. It offers all the power of its coupe and sedan siblings, only with the added cargo space that so many European customers prefer over the betrunked versions. But if the stock 457 horsepower isn’t enough, the good folks over at Edo Competition are glad to help out with an upgrade of their own.

That upgrade, it turns out, is anything but negligible, pumping output up by nearly 150 horsepower to a stonking 600. Torque has also been boosted from 442 lb-ft stock to 501, where that extra single measure of twist makes all the difference.

The boost comes courtesy of new exhaust, headers, cats and filters, supplemented by 19-inch modular alloys riding on suitably low-profile Michelin rubber, with a slew of interior enhancements to make the Edo C63 feel all the more special.

The exterior, however, remains decidedly low-key – all the better for messing with the head of Porsche drivers on the Autobahn while hauling the whole family and all their gear. Check it out in the press release below and the high-res image gallery above.

Continue reading Edo Competition squeezes 600 HP into Mercedes-Benz C63 AMG Estate

Edo Competition squeezes 600 HP into Mercedes-Benz C63 AMG Estate originally appeared on Autoblog on Sat, 19 May 2012 14:04:00 EST. Please see our terms for use of feeds.

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The CEO Angolan Development Bank (BDA) Paixao Franco said on Friday in Luanda that “Made In Angola” programme is being implemented at a time the country is restructuring its full productive network, as many local manufactured products start emerging.

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If you’ve got the cash to place on the hood (or nose cone, as it were), most any Formula One team will sell you one of their old race cars. After all, they’re not using them anymore, and it’s a good way to raise funds to develop next year’s car. But not McLaren. The team from Woking – one of the most successful in the series – doesn’t sell its old cars, though with 176 grand prix victories, twelve drivers’ championships and eight constructors’ titles, you can bet they’d fetch a pretty penny. Instead, it keeps them all warehoused at a facility, location undisclosed, simply called Unit 2.

The warehouse contains some 75 grand prix cars, an untold number of the team’s sports cars from other racing series (like Le Mans, Can-Am and Indy), and various road cars it’s produced over the years, like the legendary McLaren F1, the SLR it built for Mercedes-Benz, and the new MP4-12C. But while none of these cars are for sale, Unit 2 will soon be depleted of much of its stock.

Their destinations? The 35 global dealerships that McLaren Automotive has opened or will open by year’s end, like the one pictured above in Düsseldorf. Each showroom is to get a racing car to display alongside the road cars it has for sale, and many of them will be location-specific. The dealer in Monte Carlo, for example, will display the 1993 MP4-8 that Ayrton Senna drove to victory at the Monaco Grand Prix. The dealer in Brussels will reportedly display the 2004 MP4-19 with which Kimi Raikkonen won the 2004 Belgian Grand Prix. And the Philadelphia showroom will display the 1976 M26 that James Hunt piloted to victory at the US Grand Prix that year.

So if you want to see a piece of McLaren racing history, better call up your nearest dealership and find out when their show car is due to arrive. Just don’t go looking for Unit 2, because even if you can find it, chances are they won’t let you in.

McLaren dispersing top-secret Unit 2 collection to showrooms originally appeared on Autoblog on Sat, 19 May 2012 12:02:00 EST. Please see our terms for use of feeds.

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International agency Oxfam warned that today’s announcement of the “New Alliance for Food Security and Nutrition” focuses too heavily on the role of the private sector to tackle the complex challenges of food insecurity in the developing world. The organization called instead for G8 leaders to keep the promises they have already made to help developing countries invest in sustainable solutions to hunger and poverty.

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