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MHI concentrated on manufacturing aircraft, ships, railroad cars and machinery, but in 1937 developed the PX33, a prototype sedan for military use. It was the first Japanese-built passenger car with full-time four-wheel drive, a technology the company would return to almost 50 years later in its quest for motorsport and sales success. [13]
Closed-end leases are so called because they run for a fixed term, and the lessor and lessee agree in the lease contract what the residual value of the property being leased will be. In most cases (particularly in retail motor vehicle leases), the lessee has an option to purchase the property for the agreed residual value at the end of the ...
Cars that have been freshly restored or hidden away for a number of years or decades makes the car desirable to a show winner or a famous car. [ 5 ] Eligibility to vintage events is a factor to prices as collectors typically buy vintage race cars to enter historic events as are cars that can be designed to be driven on the street but are ...
A car rental, hire car or car hire agency is a company that rents automobiles for short periods of time to the public, generally ranging from a few hours to a few weeks. It is often organized with numerous local branches (which allow a user to return a vehicle to a different location), and primarily located near airports or busy city areas and often complemented by a website allowing online ...
Car finance comprises the different financial products which allows someone to acquire a car with any arrangement other than a single lump payment. When used, and for the purpose of assessing the private financial costs, one must consider only the interests paid by the car owner, as some part of the amount the owner pays each month for the finance is already embedded in the depreciations costs.
Lithium-ion batteries for example now have an energy density of 0.9–2.63 MJ/L whereas lead-acid batteries had an energy density of 0.36 MJ/L (so 2.5 to 7.3x higher). There is still a long way to go if comparing it to petroleum-based fuels and biofuels, however (gasoline having an energy density of 34.2 MJ/L -38x to 12.92x higher- and ethanol ...
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