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May
19th

GERMANY: Porsche investor talks “promising”

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Porsche Automobil Holding SE is conducting "promising talks" with a potential investor, a company spokesman was quoted as saying on Tuesday. Full story...
May
19th

Audi reveals killer Q5 concept:

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Audi has provided the strongest hint yet that it plans to crown its Q5 lineup with an RS model by revealing a one-off, 408-hp, supercharged 3.0-liter V6 concept version of its compact SUV. Full story...
May
19th

Cadillac, Lexus score high in satisfaction survey:

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Cadillac buyers are the most satisfied with their choice of vehicle brand, owners of the Cadillac Escalade are the happiest among truck buyers, and buyers of the Lexus LS sedan are the happiest car owners, according to the latest satisfaction survey... Full story...
May
19th

U.S. set to raise fuel-economy standard:

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Government regulators will get their prize of higher fuel-economy standards, and automakers will get the certainty of a national emissions standard, under new rules to be proposed Tuesday by President Barack Obama. Full story...
May
19th

Continental’s Hanover tire plant safe until end of 2010

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German partsmaker Continental's tire plant in Hanover, Germany, will remain open at least another year. On Tuesday, the company and worker representatives announced that the plant will keep operating until the end of 2010. Full story...
May
19th

Saab says it has selected 3 suitors

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Saab has selected three suitors for continued talks as it searches for a new owner, the loss-making General Motors unit said in a court filing on Tuesday. Full story...
May
19th

Conti’s Hanover tire plant safe until end of 2010

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German partsmaker Continental's tire plant in Hanover, Germany, will remain open at least another year. On Tuesday, the company and worker representatives announced that the plant will keep operating until the end of 2010. Full story...
May
19th

GM’s Saab says talks proceeding with 3 suitors

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Swedish carmaker Saab has selected three suitors for continued talks as it searches for a new owner, the loss-making General Motors unit said in a court filing on Tuesday. Full story...
May
19th

Saab whittles list of suitors to 3

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Saab has selected three suitors for continued talks as it searches for a new owner, the money-losing General Motors unit said in a court filing on Tuesday. Full story...
May
19th

Daimler buys 10% of EV maker Tesla

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Daimler AG said today it has acquired an equity stake of nearly 10 percent of California electric car maker Tesla Motors Inc. Full story...
May
19th

Daimler takes 10% stake in Tesla

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Daimler AG said today it has acquired an equity stake of nearly 10 percent of Tesla Motors Inc. Full story...
May
19th

Daimler takes 10% stake in EV maker Tesla

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Daimler AG said today it has acquired an equity stake of nearly 10 percent of California electric car maker Tesla Motors Inc. Full story...
May
19th

Alfa Romeo 149 spied

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The MiTo's bigger brother is getting closer to production and shaping up to be a real stunner


Full story...
May
19th

Marchionne fails to convince Opel labor on Fiat takeover bid

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Union leaders who met Tuesday with Fiat CEO Sergio Marchionne in Frankfurt said they are still not convinced the Italian company's takeover bid is the best for Opel. Full story...
May
19th

Hard times call for a little parody

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Times being what they are, it can feel like a tragedy at times in the auto industry. So obviously it's time for a little humor. Full story...
May
19th

RUSSIA: AvtoVAZ swings to Q1 loss; revenue halved

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AvtoVAZ has announced a loss of 6.33 billion roubles (approximately US$200m) in the first quarter to March 31. The result compares with a net profit of 281m roubles in the same period of last year. Full story...
May
19th

SOUTH KOREA: Hyundai plays the diplomat

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Hyundai Motor has said that it has signed an agreement with South Korea's foreign ministry to help South Korean embassies purchase more of its vehicles. Full story...
May
19th

UK: Analyst ups European EV forecast

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The European market for electric vehicles (EVs) could potentially grow to 480,000 units by 2015, according to Frost & Sullivan, which said it had revised last year's forecast of 250,000 EVs by 2015 "due to changing supply dynamics". Full story...
May
19th

LATVIA: Car sales down 80%

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Car sales in Latvia this year have shrunk to a fifth of year-ago levels according to a local dealer body. Full story...
May
19th

Putin drives Russia’s interest in Opel, analysts say

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Prime Minister Vladimir Putin's government is the driving force behind Russia's interest in General Motor's German affiliate Opel, analysts say. Full story...
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