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Jun
24th

Greek debt crisis could hit auto industry, Daimler’s Zetsche warns

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The Greek sovereign debt crisis may impact automakers through its effect on the euro and the availability of credit, Daimler CEO Dieter Zetsche said.
Jun
24th

AUSTRALIA: Toyota books fiscal 2010/11 A$13.2m net loss

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Toyota Australia has reported a net loss after tax of A$13.2m for the 12 months to 31 March 2011.
Jun
24th

SWEDEN: "Too late" for Saab as CLEPA calls for voluntary bankruptcy

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Europe's association of automotive suppliers (CLEPA) is calling on Saab to voluntarily declare itself bankrupt to allow employees the chance to secure state aid.
Jun
24th

FRANCE: PSA and University of the Mediterranean to open automotive motion lab

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PSA Peugeot Citroën and University of the Mediterranean on Friday (24 June, 2011) signed an agreement in Marseille to create an OpenLab joint laboratory to conduct research on human movement sciences and their application to the automotive industry.
Jun
24th

UK: Toyota plant again sending Avensis ‘home’ to Japan

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The third generation Toyota Avensis, built only at Toyota Motor Manufacturing United Kingdom (TMUK) in Derbyshire, UK, is to be exported to Japan in estate (wagon) form, following the previous generation, shipped to Japan since autumn 2003, 'home'.
Jun
24th

New BMW M3 CRT on video

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Four-door version of hardcore GTS revealed


Jun
24th

PSA, Renault doomed to trail VW as Sarkozy saves jobs

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PSA and Renault may fall further behind European competitors as the carmakers bow to French government pressure to protect jobs ahead of next year's presidential election.
Jun
24th

VW to invest 120 million euros in Brazil hydro plants

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Volkswagen's Brazil unit is investing 120 million euros in the construction of two hydropower plants, which will have will have a total output of 48.3 megawatts a year.
Jun
24th

Boost for Toyota’s UK factory

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Toyota announces plans to export British-built Avensis to Japan from July


Jun
24th

Mahle wins EU approval to buy more Behr shares

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Powertrain specialist Mahle secured EU approval on Friday to boost its stake in engine cooling and air conditioning company Behr. Mahle said in March that it wanted to raise its holding in Behr to more than 50 percent by January 2013.
Jun
24th

China’s Pang Da hasn’t changed plan to buy stake in Saab owner

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Pang Da Automobile board secretary Wang Yin said the China car dealer hasn't changed its plan to buy a stake in Swedish Automobile, the owner of Saab. "There's no change to our previous plan," said Wang in a phone interview.
Jun
24th

VW’s truck merger faces resistance as MAN opposition mounts

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Volkswagen faces resistance to efforts to forge a commercial-vehicle alliance between its Scania affiliate and MAN SE, as criticism from workers and investors to the automaker's inroads intensifies.
Jun
24th

PSA aims for full range of eco-friendly cars

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PSA aims to provide an environmentally friendly car to each of its customer segments, its CEO told an car conference on Thursday. "The objective we have to offer an eco-friendly solution to each segment of customers," Philippe Varin said.
Jun
24th

BMW M3 CRT: lightweight, fast and rare

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Here's yet another limited-production variation of BMW's M3 high-performance sports car. CRT stands for Carbon Racing Technology, and the car marks the worldwide debut of BMW's new production process for carbon-fibre reinforced plastic (CFRP) components in automobiles.
Jun
24th

F1 Valencia: Sergio Perez ‘completely well’ in Valencia

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Sauber managing director Monisha Kaltenborn on Friday said there is no doubt Sergio Perez will race this weekend in Valencia.
Jun
24th

F1 Valencia: Fernando Alonso fastest on Friday

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Fernando Alonso finishes on top at Valencia with his Ferrari ahead of Lewis Hamilton and his McLaren.
Jun
24th

F1: Mike Gascoyne vows to retire as Team Lotus technical boss

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Mike Gascoyne has vowed to end his career with Team Lotus.
Jun
24th

F1: Approval delay threatens 2012 US grand prix

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A dark cloud of uncertainty has gathered above preparations for the 2012 US grand prix in Austin.
Jun
24th

F1: Michael Schumacher admits ‘no friend’ of mid-season rule change

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An off-the-record Adrian Newey was furious on Thursday as the big topic in Valencia was the FIA's mid-season clampdown on blown exhausts.
Jun
24th

F1: Even Renault is happy with V6 compromise says Eric Boullier

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F1 engine supplier Renault is happy with the new engine rules for 2014, despite recently threatening to quit if four-cylinder rules did not debut a year earlier than that.
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