Auto News 5

Industry sources have told just-auto that Ssangyong is planning CKD assembly of its upcoming compact SUV in Russia. Full story...

McLaren has announced 35 markets where it will sell the Formula-One-inspired MP4-12C. Ten markets in North America will sell the ultra-light, high-performance sports car starting in the spring of 2011. Full story...

Moody's Investor Service, a ratings agency, says that it won't upgrade Toyota's credit rating because the company will have insufficient profit. Full story...

Volkswagen has acquired 90% of design and development services company Italdesign Giugiaro, subject to regulatory approval. Full story...

German group snaps up majority stake in legendary Italian design firm.

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Six engine options available with prices starting from £21,595 Full story...

Volkswagen will acquire a 90 percent stake in Italdesign Giugiaro, VW said today. The Giugiaro family will retain 10 percent of the automotive styling company that is famous for designing cars such as the first-generation Volkswagen Golf. Full story...

Volkswagen will acquire a 90 percent stake in Italdesign Giugiaro., VW said today. The Giugiaro family will retain 10 percent of the automotive styling company that is famous for designing cars such as the first-generation Volkswagen Golf. Full story...

Australian Martin Benders, who has worked for Mazda since 1985, has become the new sales chief for Mazda Motor Europe, the company announced on Tuesday. Full story...

No definitive decision on German aid for Opel should be expected on Tuesday, Economy Minister Rainer Bruederle said, leaving open the fate of thousands of jobs at the General Motors unit. Full story...

It would be hard to imagine that two people in Turin who are happier right now than Giorgetto Giugiaro and his son, Fabrizio. Full story...

It's open-air fun with the look of established money. It's the 2011 Mercedes-Benz E550 cabriolet. Want to know more? Ride along in this AW Performance Profile. Full story...

The fallout from the Greek debt crisis could push down European auto sales for the rest of the year, Renault CEO Carlos Ghosn said. U.S. Full story...

General Motors Co. Vice President Susan Docherty, who had a short stint as head of U.S. sales and marketing, has been named vice president of international operational sales, marketing and aftersales. Docherty, 47, had been replaced in U.S. Full story...

Dealers will ultimately prevail in Congress on legislation to exclude dealers from regulation by a proposed new consumer agency, a stock analyst predicted. Full story...

Veteran Tony Kanaan, who had a couple of crashes during the Indy 500 qualification believes that his teammate Danica Patrick must change her attitude. Full story...

Driving is an art, especially when you're driving a super-mighty automobile like a Lamborghini and your margin of error is just a few centimetres. Full story...

Some enthusiasts have caught a glimpse of what might just be the new Ferrari 458 Challenge inside a garage in Vallelunga, Italy. Full story...

Bonhams, Britain's oldest auction house, held its most successful auction of Aston Martin motor cars and related automobilia this past week-end at Newport Pagnell, home of the brand. Organized for the Aston Martin Works Service, this one-brand auction generated a record 7.3 million Canadian dollars (£4.7 million) with bids taken from enthusiasts from around the world including Hong Kong, Czech Republic, Poland, Argentina, Australia and the United States. Full story...

Yamaha's Jorge Lorenzo won the MotoGP round in France, on the Bugatti circuit at Le Mans, consolidating his Championship lead over team-mate Valentino Rossi. Vale had some news of his own, after confirming that he will remain at Yamaha for the 2011 MotoGP season. This in turn opens the door at Ducati for Lorenzo to replace Casey Stoner, who has signed with Honda for next year. Full story...