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Feb
20th

Peugeot RC Z mule spied

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Underneath the 308 shell lurks Peugeot's Audi TT-rivalling coupe Full story...
Feb
20th

THE WEEK THAT WAS: Glimmers of hope tempered with caution

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Another interesting week in the auto biz bites the dust as the odd glimmer of hope is tempered by caution. Full story...
Feb
20th

MALAYSIA: Vehicle sales declined 17.5% in January

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Malaysia's vehicle sales fell 17.5% year-on-year in January as the economy and consumer confidence slumped further. Full story...
Feb
20th

Sneak Peek: 2009 Audi TT RS

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Sneak Peek: 2009 Audi TT RS
Sneak Peek: 2009 Audi TT RS
If the Audi TTS doesn't offer enough power for your tastes, you may be interested in the 2009 Audi TT RS, scheduled to debut at the 2009 Geneva motor show.

At the moment, the new, 265-hp Audi TTS is the hottest TT ever built, but maybe you think it's not quite hot enough. If so, you'll be happy to hear that the 2009 Audi TT RS - an even more powerful version of Audi's shapely TT - will debut at the 2009 Geneva motor show.


Photo Gallery: Sneak Peek: 2009 Audi TT RS


Full story...
Feb
20th

CHINA: FAW to hike R&D spend

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FAW Group says it will increase research and development (R&D) spending by 61% this year despite the financial crisis. Full story...
Feb
20th

Ford asks Web-savvy Americans to test the Fiesta

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Ford Motor Co. wants to use social networking sites such as Facebook to generate buzz for its new Fiesta subcompact. But it will rely on company outsiders to get the early word out. Full story...
Feb
20th

CHINA: Chery plans six new overseas plants

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Chery Auto has said that it plans to start building six new factories overseas in 2009, taking its total to fifteen. Full story...
Feb
20th

Saab files for reorganization, seeks $1 billion to survive:

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Saab is seeking $1 billion (793 million euros) to be self-financing, the company said on Friday after it filed for reorganization under a self-managed Swedish court process. Full story...
Feb
20th

Ford asks Web-savvy Americans to test the Fiesta

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Ford Motor is asking Internet social networkers in North America to test its Fiesta ahead of the car's launch in the U.S. next year. Full story...
Feb
20th

US: Chrysler-Fiat merger has merit – senator

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The US government should consider a proposed merger between Chrysler and Fiat if it is the only way for the distressed Detroit automaker to survive, a senator has said. Full story...
Feb
20th

EU has doubts on Italy’s car aid plan

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The European Union's executive arm has expressed concern that Italy's 1.2 billion euro package for its car sector may violate EU rules on state aid. Full story...
Feb
20th

Opel seeks help to bridge 3.3bn euros liquidity gap

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FRANKFURT, Feb 20 (Reuters) - Opel is seeking help to finance a 3.3 billion euro ($4.15 billion) liquidity gap through the end of 2011, a company source said. Full story...
Feb
20th

CANADA: US president says auto industry needs restructure

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US president Barack Obama has said he was deeply concerned about the North American automobile industry and that it would need significant restructuring. Full story...
Feb
20th

TRW posts quarterly loss, says 2009 sales will fall 25%

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TRW Automotive Holdings Corp., crippled by production cuts at automakers, posted a fourth-quarter loss today after a year-earlier profit and said revenue would drop at least 25 percent this year. Full story...
Feb
20th

Honda prices Insight at under 20,000 euros in Italy

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Honda will price its new Insight gasoline-electric car at 19,900 euros in Italy. Italian buyers can buy the five-door hatchback for as little as 14,900 euros if they take advantage of the government's incentives schemes. Full story...
Feb
20th

TRW posts $946 million loss, says sales will fall 25%

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TRW Automotive Holdings Corp., crippled by production cuts at automakers, posted a fourth-quarter loss today after a year-earlier profit and said revenue would drop at least 25 percent this year. Full story...
Feb
20th

UK: Union protests Mini sackings to BMW board

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Tony Woodley, joint general secretary of the UK's biggest auto union, Unite, has written to the chairman of BMW's board of management to protest his union's "outrage" at the manner in which 330 BMW agency workers were summarily sacked from the Oxford Mini plant earlier this week - and has warned the automaker there would be no further repeats of last Monday's "disgraceful sackings". Full story...
Feb
20th

CHINA: Electric buses with 300-km range to enter service

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A fleet of some 70 electric buses with double the maximum range of conventional electric cars will go into use in June in northeast China's Jilin Province, a researcher said Friday. Full story...
Feb
20th

SOUTH KOREA: GM Daewoo expects state support

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GM Daewoo has said it expects to receive support from the South Korean government. Full story...
Feb
20th

JAPAN: Toyota seen bringing back exec to run NA

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Toyota Motor was expected to announce today (20 February) it was bringing back Yoshi Inaba, a former senior executive, to revamp its North American operations, a person familiar with the matter has said. Full story...
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