The US government has said taxpayers have recovered over US$250bn from the Wall Street rescue with Tuesday's delivery of proceeds from the General Motors (GM) initial public offering.
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Magna International Inc. would become a stronger competitor for design and development jobs if it takes over struggling car styling and engineering firm Pininfarina S.p.A., executives say.
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Wind tunnel, design and electronics integration centre to be built to create next generation of Porsches.

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When it comes to design, Mercedes-Benz was long the conservative grande dame of luxury-car makers. Styling was understated and aimed at middle-aged buyers.
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Tata Motors is gradually shifting Nano production to the Sanand plant in Ahmedabad, Gujarat, from Pant Nagar. The latter will then solely manufacture commercial vehicles like the Ace, Magic, Winger, Aria and, from next year, the new Venture van.
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Susanna Webber, who started her second stint with GM Europe in September, has been promoted to Opel's management board, the company announced Tuesday.
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Russia's Taganrog Automobile Plant (TagAZ) and BYD Auto were expected to sign a cooperation agreement on Wednesday, according to materials released for the fifth Russian-Chinese business forum on Tuesday.
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Mercedes baby MPV gets luxury cabin plus a host of new safety kit.

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Tata Motors has said it is expecting an over 50% leap in sales of its Ace family of light commercial vehicles (LCV) in the current fiscal year, due to strong demand.
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Porsche said operating profit surged more than sevenfold in the fiscal first quarter on demand for the Cayenne SUV and Panamera sedan.
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Porsche said operating profit surged more than sevenfold in the fiscal first quarter on demand for the Cayenne SUV and Panamera sedan.
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Woking firm’s new supercar undercuts Ferrari’s 458 Italia on price.

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Euro NCAP has released crash test results for 14 cars, including the first Chinese-manufactured vehicle it has tested. Ten achieved Euro NCAP's maximum award of five stars, three received four stars and one received a two star result.
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European road trials of an electric-powered version of Toyota’s iQ city car begin next year.

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BlueMotion eco tweaks mean Scirocco 2.0 TDI now returns 62.8mpg and 118g/km.

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Vauxhall boss confirms bold plans for a new Insignia based coupé, while the electric Ampera will spawn a whole new family of models.
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Cerberus Capital Management is seeking buyers for auto lender Chrysler Financial, which the private-equity firm acquired as part of its takeover of Chrysler LLC in 2007, said two people with knowledge of the matter.
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Chrysler Group last night confirmed it was looking to invest $843m at its existing transmission manufacturing facilities in Kokomo, Indiana, to accommodate production of a new advanced front-wheel drive automatic transmission. With this announcement, the company's total investment in US facilities would climb to nearly $3bn since June 2009.
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Audi A1, MINI Countryman and Ford C-MAX score well, Chinese Landwind SUV less so.

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Electric car company Think and its Spanish distribution partner Going Green are eyeing growth in the Spanish car market.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up