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Jul
1st

BMW names Ebner von Eschenbach to lead finance unit

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BMW has named Erich Ebner von Eschenbach the next boss of its financing unit. Full story...
Jul
1st

GERMANY: GM pushes European EV simplicity

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General Motors has cautiously welcomed the European Union's decision to develop common charging systems for electric cars although it highlights the need not to add complexity. Full story...
Jul
1st

US: Regulators find no Toyota electronic defects

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Though Toyota has been hit by another wave of recalls, or potential recalls, there was good news of sorts from the US - regulators there have yet to find any electronic defects in their vehicles, a local vehicle safety official reiterated Wednesday, as a scientific panel began studying potential causes of unintended acceleration. Full story...
Jul
1st

JAPAN: Now Toyota recalls cars with valve spring problems

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Toyota is considering a global recall of eight models including its flagship Lexus LS460 sedan due to possible engine failure, Japanese reports said on Thursday. Full story...
Jul
1st

Fiat Russian JV eyes $2.6B loan, report says

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The joint venture between Fiat S.p.A. and Russian carmaker Sollers is seeking a 2.1 billion euro ($2.6 billion) syndicated loan, according to the Russian news wire Interfax. Fiat and Sollers plan to invest 2. Full story...
Jul
1st

JAPAN: Daihatsu plans 84mpg minicar next year

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Daihatsu, market leader in Japan's minicar segment since 2006, plans to launch a new minicar next year that will be as fuel efficient as petrol-electric hybrids, company president Koichi Ina told reporters in Osaka. Full story...
Jul
1st

Europe braces for big slide in second-half car sales

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European carmakers face a big slide in H2 new-car sales after June volume fell in France and slowed in Spain as scrappage schemes are phased out and cautious consumers pull back from major purchases in the face of economic uncertainty. Full story...
Jul
1st

INTERVIEW: Hyundai UK sees 2011 a “tough year”

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With the UK's scrappage scheme now ended and an increase in VAT (sales tax) from 17.5% to 20% scheduled for January 2011, what is the future for scrappage sales leader Hyundai and the new car industry in general? Full story...
Jul
1st

R8 Spyder 4.2 V8

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Audi adds a V8 option for drop-top R8 Spyder.


Full story...
Jul
1st

Range Rover unveils new SUV on Thursday:

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Range Rover turns 40 on Thursday. And to celebrate, it plans to unveil a new compact SUV during an event in London. You can watch it here, beginning at 3:30 p.m. Eastern. Full story...
Jul
1st

Range Rover unveils Evoque SUV:

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Land Rover has taken the wraps off its new small SUV, the two-door Range Rover Evoque, as it makes a bid to appeal to fashion-conscious urbanites. Full story...
Jul
1st

UK: Ford now cutting small car prices too

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Ford's UK unit will reduce the list prices of the Ka, Fiesta, Focus and Kuga on 2 August in a bid to remain competitive in the UK market following large price increases during 2009, forced by a poor euro exchange rate with the pound. Full story...
Jul
1st

Toyota mulling fix for possible engine defect

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Toyota Motor Corp. said today it is considering taking steps to eliminate possible engine failure in as many as 270,000 cars, as the world's largest automaker continues to ramp up its safety oversight following a string of recalls. Full story...
Jul
1st

Toyota mulling fix for possible engine defect

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Toyota is considering taking steps to eliminate possible engine failure in as many as 270,000 cars, as the world's largest automaker continues to ramp up its safety oversight following a string of recalls. Full story...
Jul
1st

Toyota says Lexus engine flaw may be due to faulty materials

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Japanese automaker says as many as 270,000 luxury cars may have a problem that causes 3.5-liter and 4.6-liter engines to stall. Full story...
Jul
1st

BMW may invest $1 billion in Mexican auto suppliers, minister says

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BMW may invest more than $1 billion in Mexico to prepare local auto-parts companies to boost supplies to its U.S. plant, Mexican Economy Minister Gerardo Ruiz Mateos said. Full story...
Jul
1st

Mazda sales up globally, except in ‘tough’ Europe, CEO says

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Mazda's global sales have grown more than 20 percent in the first two months of the business year, outperforming the annual target of a 6 percent rise, CEO Takashi Yamanouchi said. Full story...
Jul
1st

Faurecia gets stronger in China; buys stake in key partsmaker

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French car parts supplier Faurecia SA plans to buy a stake in one of the main suppliers to state-owned Chinese automaker FAW Group to build its position in the world's biggest car market. Full story...
Jul
1st

F1: 2011 ‘proximity wing’ rule not set in stone

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Plans for adjustable 'proximity' rear wings next year are not set in stone, according to FOTA chairman Martin Whitmarsh. Full story...
Jul
1st

IRL: New car strategy to be released soon

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The IZOD IndyCar Series has announced that all the details pertaining to their futur car strategy will be unveiled this coming July 14 in Indianapolis. Full story...
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