Auto News 5

Dutch supercar maker finalises deal to purchase Saab from GM

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Sweden's ministry of industry has welcomed news of Saab's final sale to Dutch carmaker Spyker in a deal that should secure around 3,000 jobs at the Trollhattan plant. Full story...

South Korea's carmakers took a record 5.7% share of the global car industry in 2009, building 3.513m of the 61.295m vehicles produced worldwide, according the Korea Automotive Manufacturers Association. Full story...

Euro zone industrial new orders unexpectedly rose in December against November, data showed, helped in large part by a car-scrappage scheme in France designed to encourage vehicle purchasing. Full story...

Maruti Suzuki, India's market leader, is recalling 100,000 A-Star models to fix a potential fuel leak. The A-Star is exported as the Suzuki Alto and Nissan Pixo to countries including Germany, France and the UK. Full story...

Dramatic saloon points to all-new 508, features diesel-electric hybrid engine Full story...

General Motors last night confirmed it would add a third shift at its Lordstown, Ohio complex, adding 1,200 jobs producing the new GM Daewoo-designed 2011 Chevrolet Cruze compact sedan. Full story...

Punto Evo and 500C become latest Fiat models to get the Abarth treatment

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The European auto industry does not expect a quick recovery this year, said Dieter Zetsche, president of the Brussels-based industry body ACEA. "If the economy looks better in 2010, it's only when compared with 2009. Full story...

Below is the full text of Toyota Motor Corp. President Akio Toyoda’s prepared testimony to the U.S. House of Representatives Committee on Oversight and Government Reform, to be delivered today: Full story…

Despite Audi's oft-stated plans to sell 200,000 vehicles in the United States by 2018, the luxury brand's North American chief says profitable growth is more important. Full story...

A new, smaller SUV for Land Rover will go on sale late in the third quarter of 2011, Land Rover announced to dealers at the U.S. National Automobile Dealers Association Convention. Full story...

Maruti Suzuki India is recalling 100,000 of its A-Star hatchbacks to fix a possible fuel leak. Full story...

Despite Audi's oft-stated plans to sell 200,000 vehicles in the United States by 2018, the luxury brand's North American chief says profitable growth is more important. Full story...

BMW Group is using the Winter Olympics to launch a marketing campaign to convince shoppers that BMWs are engineered well but are fun to drive, too. George Sharpe Sr., chairman of the BMW Dealer Forum in the U.S. Full story...

A new, smaller SUV for Land Rover will go on sale late in the third quarter of 2011, Land Rover announced to dealers at the U.S. National Automobile Dealers Association Convention. Full story...

Pendragon sees demand for upscale marques such as Maserati and Mercedes-Benz showing signs of recovery, helping this year's outlook as the auto sector grapples with the end of government scrappage schemes. Full story...

The EVO (or Evolution) is Mitsubishi's legendary track-ready sports sedan based on Lancer. Its formidable handling prowess is made possible by lots and lots of sensors feeding lots and lots of computers. Full story...

Valmet Automotive presents four different new energy vehicles at the Geneva Motor Show in the beginning of March. In addition to "Eva" concept vehicle developed by Valmet Automotive the company puts on show three electric vehicles which represent its successful cooperation with innovative automotive companies: the THINK City, the Garia LSV Concept Car (Low Speed Vehicle) and the Premium Plug-in Hybrid Electric Vehicle Fisker Karma. Full story...

Abarth is presenting a number of important new products at Geneva in response to intense public interest, and to confirm the Fiat Group's investment in Abarth. Full story...