Auto News 5

Mitsubishi Motors plans to run its three car factories in Japan on day shift only on Friday, 18 March and will supply Triton pickup trucks and i-MiEV to help earthquake relief efforts.

Toyota has implemented a worldwide ban on overtime and weekend working as it continues to react to severe disruption in its supply chain.

Porsche SE aims to cut debt to about 1.5 billion euros ($2.1 billion) with the proceeds from a 5 billion-euro stock sale. Net debt at Porsche's holding company increased to 6.34 billion euros as of Dec. 31 from 6.

Indebted Porsche SE is preparing to draw up a strategy to attract investors as a stand-alone entity now that the merger with Volkswagen AG looks increasingly unlikely.

Indebted Porsche SE is preparing to draw up a strategy to attract investors as a stand-alone entity now that the merger with Volkswagen AG looks increasingly unlikely.

BMW is considering establishing a production plant in South America as sales continue to grow strongly there.

Olof Persson, 46, currently President of Volvo Construction Equipment, is to be the new president and chief executive officer of Volvo.

Porsche will build its new Cajun model at its plant in Leipzig.

Great Wall's Haval H5 'European Edition' SUV model has been launched in the Russian market.

VW's van operations aims to increase profit and deliveries this year and will step up offerings in non-European markets to underpin the expansion.

French car parts supplier Plastic Omnium said full-year sales rose 32 percent and predicted a better year in 2011 than 2010 as market conditions improve. Net profit soared to 150.

Karl-Friedrich Stracke will be Opel's fifth head within the last decade. The timing of Stracke's appointment is surprising because current CEO Nick Reilly has done a good job.

Daimler may pay shareholders higher dividends as cash accumulates from growing demand for Mercedes- Benz cars and trucks.

Japan's automakers, already mired in open-ended production shutdowns, awoke Thursday to a new hammer blow from the deadly earthquake and tsunami that has devastated the nation.

The 2011-2012 budget was presented in the Province of Quebec today, and a new measure to accelerate the arrival of electric vehicles has been announced.

Today we discovered the predictions of a member of the Teamspeed forum, whose crystal ball has revealed realistic surprises that Lamborghini may well spring on us in the future.

Since 2009, Ford offered consumers to bring their old vehicle to the nearest dealer in exchange for up to $2,000 from Ford's 'Recycle Your Ride' program and up to $300 in additional incentives from the federal government's 'Retire Your Ride' program upon purchasing a cleaner, more fuel-efficient 2010 or 2011 Ford or Lincoln model.

The annual Goodwood Festival of Speed and Moving Motor Show are set to be held this year from 30 June - 3 July. Here are some of the planned 2011 highlights.

The World Series by Renault: a dream come true since 2005. A magical concept that brings together four international championships on one circuit, and much more...

The wait is over: On Saturday, March 19th, the Red Bull Crashed Ice (RBCI) Champion will be chosen in Québec, Canada. MINI will be the official automotive partner of the Red Bull Crashed Ice World Championship for the second time this year, and will award the best newcomer with the MINI Rookie Award, a prize given to the fastest newbie on the course. More than 120,000 spectators are expected to watch this year's event, as groups of four athletes on ice skates plunge down an ice-cross downhill track some five metres wide and peppered with bumps, jumps and banked turns.