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May
6th

Porsche, VW to put all brands under one roof:

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The Porsche and Piech families, owners of automaker Porsche and controller of Volkswagen, said on Tuesday that they will create a management unit to oversee all 10 of their auto brands. Full story...
May
6th

Closing dealerships won’t save automakers

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I am extremely puzzled by the dealership cutbacks considered a solution to problems facing the auto industry in general and specifically to General Motors. Full story...
May
6th

NEWS BRAKE: Wednesday, May 6:

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In today's News Brake: GM CEO Fritz Henderson talks about filling out the Chevrolet lineup; GM stockholders are about to see the value drop to 1 penny per share; and Ford's small car plans come into Focus ... But Wait, There's More! Full story...
May
6th

Renault-Nissan joins list of possible Saturn bidders, reports say

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Renault-Nissan is talking to General Motors about buying GM's Saturn line, according to two different published reports today. Full story...
May
6th

Porsche and VW to integrate, put 10 brands under single roof

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Porsche Automobil Holding SE and its Volkswagen unit will create an integrated carmaking group that unites 10 brands under one roof, Porsche said today. Full story...
May
6th

Porsche and VW to integrate, put 10 brands under single roof

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Porsche Automobil Holding SE and its Volkswagen unit will create an integrated carmaking group that unites 10 brands under one roof, Porsche said today. Full story...
May
6th

Porsche abandons VW takeover, pursues merger instead

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Porsche Automobil Holding SE halted attempts to take over partner Volkswagen AG and instead agreed to explore a merger with Europe's biggest automaker. Full story...
May
6th

Porsche abandons VW takeover, pursues merger instead

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Porsche Automobil Holding SE halted attempts to take over partner Volkswagen AG and instead agreed to explore a merger with Europe's biggest automaker. Full story...
May
6th

GM’s Henderson: Corvette’s future is secure:

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The future of the Chevrolet Corvette is secure, General Motors CEO Fritz Henderson says, even as GM dramatically slashes its size and costs. Full story...
May
6th

US: TRW swings to Q1 loss

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TRW has reported that, excluding special items, its first-quarter net loss was $115m, which compares to net earnings of $102m in the same period last year. Full story...
May
6th

US: ArvinMeritor swings to $52m quarterly loss

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ArvinMeritor has reported a $52m loss for the quarter ended March 31. That compares with net income of $24m in the same quarter of last year. Full story...
May
6th

Chrysler details plans for plants to close

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Chrysler LLC today provided further details on its plans to close plants that will not be part of a new Fiat-Chrysler alliance. Full story...
May
6th

Chrysler’s search for a mate spanned the globe

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For roughly two and a half years, Chrysler LLC co-President Tom LaSorda has been peddling his company. He met with other automakers in search of a partner or a buyer for Chrysler -- in whole or part. Full story...
May
6th

Conti ready to talk about selling French tire plant to Arab investor

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German auto parts group Continental said on Wednesday it was ready to hold talks with a Dubai-based firm on selling a French plant it plans to shut, which could bring an end to France's most high-profile industrial dispute. Full story...
May
6th

SOUTH KOREA: Court says Ssangyong has rescue potential

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A South Korean court has said cash-strapped Ssangyong Motor had the potential to be rescued, sending its shares up by the daily limit. Full story...
May
6th

JAPAN: Nissan after more emergency loan funds – paper

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Nissan Motor wants a further JPY100bn (US$1.01bn) from the emergency government loan fund to help Japanese firms cope with the global economic crisis, a newspaper report said on Wednesday. Full story...
May
6th

US: Chrysler explored alliances with many automakers – official

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Chrysler explorations of potential joint ventures before reaching last week's alliance deal with Fiat got as far as an initial agreement to rebadge a Kia vehicle as a Dodge for US sale, a Chrysler official has said. Full story...
May
6th

CHINA: Ford JV sales up a third in April

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Ford's car joint venture in China sold 33% more vehicles in April than a year earlier, the Chinese partner said on Wednesday. Full story...
May
6th

First Drive: 2010 Lotus Evora

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First Drive: 2010 Lotus Evora
2010 Lotus Evora - Lotus Evora First Drive Review - Automobile Magazine
The Evora may be larger and heavier than the Elise, but the results are brilliant and may just steal some Porsche customers.

Company founder Colin Chapman's apocryphal credo - "simplicate and add lightness" - may have to be amended in honor of Lotus' new 2+2, the Evora. Of course, "complicate and add relaxation" doesn't sound as good, but that's what the new car does, with excellent, possibly even brilliant results that will tempt not just the Lotus faithful, but more than a few Porsche 911 intenders.


Photo Gallery: 2010 Lotus Evora - Lotus Evora First Drive Review - Automobile Magazine


Full story...
May
6th

Magna International loses $200 million in Q1

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Magna International Inc., North America's largest parts supplier by revenue, reported a quarterly loss today, as the global auto slump undercut demand for its products. Full story...
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