Threatened Renault cylinder head supplier, Fonderie du Poitou Aluminium (FPA) has secured a buyer and investment worth EUR36.5m (US$47.7m) just days before the French Presidential elections, saving 390 out of 450 jobs.
DAF Trucks has announced a new engine generation, developed for the new Euro 6 emissions legislation, which comes into force in the European Union on 1 January 2014.
Audi will reveal the RS Q3 concept, a high performance version of its small crossover, at the Beijing motor show.
Skoda will giive an insight into its future model offensive in China at AUTO CHINA 2012 in Beijing (April 23rd - May 05th 2012) featuring the MissionL design study.
Volkswagen will agree to build another factory in China during Chinese Premier Wen Jiabao's visit to Germany on April 23, as Europe's largest carmaker expands operations in the world's biggest auto market, two officials said.
Volkswagen will agree terms to build another factory in China during Chinese Premier Wen Jiabao's visit to Germany on April 23, as Europe's largest carmaker expands operations in the world's biggest auto market, two officials said.
Toyota Motor plans to localise production of its Hiace light van in Thailand later this year, according to local reports.
New vehicle sales in Malaysia fell by 15.3% year-on-year in March to 53,583 units, compared with a record high of 63,265 units a year earlier, according to the Malaysian Automotive Association (MAA).
BYD is set to reveal a prototype of a C-segment plug-in sedan. The Qin, which is believed to be headed for production in 2013, would be a natural rival for FAW Volkswagen's forthcoming Kaili EV.
UK parts supplier GKN posted a 19 percent rise in first-quarter profit, driven by a strong performance from its automotive business and acquisitions made last year.
With Tata Motors planning $12 billion in capital spending and product development for its luxury Jaguar Land Rover brands over five years and a proposed partnership with China's Chery in the pipeline, conditions could be right for an initial share...
Italians worried by rising car taxes and highly publicized tax fraud spot checks cut back their purchases of Fiat's high-end sports car brands Ferrari and Maserati in the first quarter of 2012, an industry body said.
With Tata Motors planning $12 billion in capital spending and product development for its luxury Jaguar Land Rover brands over five years and a proposed partnership with China's Chery in the pipeline, conditions could be right for an initial share...
Official pictures have been released of a hot Q3 ahead of its debut at the Beijing Motor Show next week
Adapted from GMM
Bernie Ecclestone's latest proposal is that Formula 1's most important races become a tennis-like 'Grand Slam'.
Insisting that the calendar will probably not expand much beyond 20 races, the F1 chief executive also admitted that "circumstances change".
If that's the case, the most important races could be like international tennis' Slams.
"Absolutely," Ecclestone told Germany's Auto Motor und Sport. "I'm working on it. And if it gets that far, then there would be more points for the Grand Slam races."
On another topic, Ecclestone has confirmed he is still at loggerheads with Mercedes over the new Concorde Agreement.
The German car maker's team is the big missing name, after F1 chief executive Ecclestone announced recently he has agreed terms with "the majority" of the teams including Ferrari, McLaren and Red Bull.
Ecclestone indicated that the disagreement he is having is with Brackley based Mercedes GP, the Ross Brawn led works outfit and not the car maker.
The team believes it should have been offered a better deal, based on Mercedes' long history in the sport. But Ecclestone disagrees.
"If you trace the roots of that team, they started as Tyrrell," he said. "Since then, there have been four different owners and four different names.
"I can see little history with this (Mercedes) team," Ecclestone insisted.
The Briton confirmed that teams will receive bonuses under the new Concorde for "history and success", adding that Mercedes has won "one race" so far.
The F1 boss also revealed he does not support moves to install a budget cap in F1.
"It wouldn't work. You can't stop people from spending the money they have. They will always find a way to get around whatever you try to do to control it. Instead, the technical rules should be written so that it is not possible to just use money to make a faster car," Ecclestone insisted.
Another solution, said the 81-year-old Briton, is to allow smaller teams to buy year-old customer cars.
He said a clause will "probably" be written into the next Concorde Agreement.
Ecclestone acknowledged the dilemma that allowing customer cars could result in all the small teams buying the best car off-the-shelf, resulting in there being only a handful of constructors left on the grid.
"The way I'm imagining it, this would not be possible," he insisted. "I'll tell you about it soon."
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