Auto News 5

Limited edition Corsa VXR Blue joins new Vauxhall’s freshly facelifted Corsa range.

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Toyota subsidiary Daihatsu on Friday said it would pull out of the European market within two years because of the strong yen cutting profits. The brand has already been pulled from showrooms by its UK importer, also citing the strong yen, and its website now shows only service dealers. Full story...

Detroit, conveniently packaged in one family-sized, take-home pack, is here. Enjoy. Full story...

Renault is declining to discuss comments made by one of its executives supposedly connected with an industrial espionage case. Full story...

Former Honda proving ground located near Los Angeles, California up for sale.

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Rear-wheel-drive power is on the way for Subaru, and a sports car being jointly developed with Toyota will be shown in March at the Geneva motor show. Full story...

Rear-wheel-drive power is on the way for Subaru, and a sports car being jointly developed with Toyota will be shown in March at the Geneva motor show. Full story...

New car sales in the EU fell 5.5% in 2010 as demand dipped after government scrapping schemes ended, according to the European carmakers' association ACEA. Full story...

A123 Systems Inc develops and manufactures advanced lithium ion batteries and battery systems for the transportation, electric grid services and commercial markets. Headquartered in Massachusetts and founded in 2001, A123 Systems' proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology. In this interview, Matthew Beecham talked with Jeff Kessen, director of automotive marketing, Automotive Solutions Group, A123 Systems. Full story...

EDITOR WES RAYNAL: What a nice car. What a nice luxury sedan. There's really nothing not to like here. Oh, I suppose one could quibble about the thin-film transistor gauges, but I like 'em. Full story...

Chery Automobile said on Friday it aims to sell 800,000 vehicles this year, up 17.3% year on year. Full story...

Fiat SpA does not have plans to list Ferrari, Ferrari's chief executive said. Full story...

Toyota, the world's largest seller of hybrid cars and light trucks, is developing an alternative motor for future hybrid and electric cars that doesn't need rare-earth minerals at risk of supply disruptions. Full story...

Volkswagen plans to assemble VW and Skoda vehicles at the facilities of Russian automaker GAZ if the automakers can agree an assembly deal, Marcus Osegowitsch, CEO of Volkswagen's Russian subsidiary, told Prime-Tass. Full story...

Delphi Automotive has the main management pieces in place to launch an IPO, but how and when is up to its private equity owners according to CEO Rodney O'Neal. Full story...

VW has filled two key senior management posts by hiring veteran Porsche executive Andreas Offermann to take charge of the group's national sales companies and naming Marcus Osegowitsch head of Russia operations. Full story...

Fiat has enough capital to increase its stake in Chrysler to 51%, company president John Elkann told the daily Corriere della Sera. Full story...

The US treasury may not have fully vetted the settlement of its interest in Chrysler Financial last year and not got a strong enough return for taxpayers, a bailout watchdog said. Full story...

Growth in the Indian automobile industry was second only to China in 2010 as car sales surged 31% to 1.9m units. In December alone, domestic passenger car sales jumped 28.9% to 148,681 units compared to 115,337 units in 2009. So OEMs are making fresh investment in their local production facilities in India. Full story...

Veteran Daimler executive Frank Deiss, will take up a new position with the automaker on March.1, as CEO of Beijing Benz Automotive Co. Deiss is currently chief of procurement for Mercedes-Benz cars and vans. He will replace Guenter Butschek. Full story...