General Motors plans to invest $1 billion over the next five years to expand car and component production in Russia, one of the fastest-growing auto markets in the world, its head of international operations Tim Lee said.
General Motors plans to invest $1 billion over the next five years to expand car and component production in Russia, one of the fastest-growing auto markets in the world, its head of international operations Tim Lee said.
Ford is today breaking ground on a new JV plant in China which it says will double its production capacity in China to 1.2m passenger cars annually by 2015.
The Volkswagen Group is expanding its manufacturing footprint in Russia with a new engine plant which will commence output in 2015. The move will boost local content for VW Group cars made in Russia - something that VW is committed to under the 'Decree 166' agreement with the Russian government.
As just-auto's lists of motor show vehicle and concept car global debuts have proved so popular, we now publish the media preview dates for the medium-to-large sized shows taking place later in 2012.
California-based venture Better Place has secured a 40 million euro ($50 million) loan from the European Investment Bank (EIB), the EU's finance arm, to further develop its global electric car network.
Porsche's forthcoming rival for the Range Rover Evoque is set to start rolling off the line at an expanded Leipzig plant from 'late 2013', the Volkswagen subsidiary has announced.
Skoda has started production of its new Rapid car for European markets in the Czech Republic. The Rapid will debut at next month's Paris auto show and will go on sale in Europe in October.
The covers have been pulled off the third generation Mazda6 sedan at the Moscow motor show. The car, which brings with it a new platform, is notable for having a longer wheelbase than all rivals, with the exception of the Ford Mondeo.
Europe's struggling mass-market carmakers are furious with Volkswagen for ramping up production at a time when the continent faces huge overcapacity, but the profitable German market-leading automaker shows no sign of slowing down to save its rivals.
Europe's struggling mass-market carmakers are furious with Volkswagen for ramping up production at a time when the continent faces huge overcapacity, but the profitable German market-leading automaker shows no sign of slowing down to save its rivals.
Volkswagen is investing 550 million euros ($691 million) in auto-parts manufacturing in Russia and China to prepare for further growth in the countries' vehicle markets.
Ex-Formula One racer Patrick Friesacher took the wheel of a NASCAR to give the crowd at the ADAC Rallye Deutschland a little extra to cheer for.
Friesacher performed doughnuts and what not on Trier's 4.37-kilometre Circus Maxima Power Stage under the watchful eyes of spectators, last Sunday afternoon.
The car also also featured at the Messepark permanent service area.
Vitaly Petrov's manager has warned she will find another pursuit for the Russian driver if they cannot make money in formula one.
Since 2010, when the now 27-year-old made his debut for Renault (now Lotus) before switching to Caterham this season, Petrov has funded his race seats through private backing and sponsorship.
But his manager Oksana Kosachenko warned that they may change direction for 2013.
Vitaly Petrov and Oksana Kosachenko (Photo: WRi2)
"If the presence of a Russian driver in formula one will be interesting to no one else but Vitaly Petrov and Oksana Kosachenko, we'll find what to do outside the grand prix," she told Sport-Express.
"Formula one is great and very prestigious, but for Vitaly it's a job that brings no money. Why? There are many reasons.
"In Russia, it's difficult to sell an athlete, but to sell a formula one driver is almost impossible," added Kosachenko.
Former race car driver Alessandro Zanardi will be representing his country, Italy, during the Paralympic Games held in London.
Zanardi, now 45 has been entered in three competitions in road cycling.
Ironically, all road cycling competitions will be held on the road circuit of Brands Hatch! Zanardi drove at Brands Hatch in 1989 and 1991 when he was competing in the International Formula 3000 Championship.
Road cycling at Brands Hatch. (Photo: London Paralympics)
Zanardi, a member of the GSC Giambenini club of Verona will be competing in:
Men's Individual H 4 Time Trial (held Wednesday September 5 at 15:10 at Brands Hatch)
Men's Individual H 4 Road Race (held Friday September 7 at 16:30)
Mixed H 1-4 Team Relay (held Saturday September 8 at 17:45)
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