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Nov
24th

BRAZIL: Visteon raises investment in Brazil

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Visteon is to make a multi-million dollar investment to expand its interiors and electronics production capacity in Brazil. Full story...
Nov
24th

UK: Next SMMT president is GKN’s Nigel Stein

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Nigel Stein, chief executive of GKN's global automotive business, will become the next president of the Society of Motor Manufacturers and Traders' (SMMT) - the UK's auto industry trade body - in January 2011. Full story...
Nov
24th

Vauxhall Corsa facelift revealed

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Corsa gets a fresh look inside and out to compliment mechanical changes.


Full story...
Nov
24th

Ex-Daimler executive Schmueckle joins private equity firm

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Rainer Schmueckle, who lost his position at Mercedes's car unit to Wolfgang Bernhard earlier this year, has joined global financial investment firm Advent International as an operating officer. Full story...
Nov
24th

Opel keeps promise to union, applies to switch back to stock corporation

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GM German unit Opel kept a promise to its union by applying to change its legal form back to a stock corporation. Full story...
Nov
24th

Pininfarina takeover would boost Magna expertise in key areas, executives say

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Magna would become a stronger competitor for design and development jobs if it takes over struggling car styling and engineering firm Pininfarina, executives say. Full story...
Nov
24th

U.S. receives $11.7 billion from GM IPO

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U.S. Full story...
Nov
24th

Firm qualifies for U.S. loan to build vehicle for wheelchair users

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The Vehicle Production Group LLC received a $50 million conditional loan from the U.S. Department of Energy to build a new vehicle specifically designed for wheelchair users. The MV-1 is being designed for individual wheelchair users and fleets. Full story...
Nov
24th

Consolidation could help small auto-parts suppliers grow

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Car parts suppliers have successfully emerged from the 2009 automotive industry crisis, but some consolidation among smaller players may still be to come, experts told a Reuters summit. Full story...
Nov
24th

Citroen to C4 buyers — Don’t ask for a discount

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Citroen doesn't want to offer discounts on its latest model, the C4, so the French brand has launched the compact hatchback with a low base price that the carmaker says will leave little room for price reductions at dealerships. Full story...
Nov
24th

Mercedes: New cars need new U.S. dealership methods

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Mercedes-Benz plans to revamp U.S. dealership sales procedures next year as it prepares for a wave of new front-wheel-drive vehicles and new young buyers. Mercedes will launch three U.S. fwd vehicles starting in 2012. Full story...
Nov
24th

Most Saab 9-4Xs are headed for U.S.

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Saab expects 75 percent of 9-4X output to go to the United States. But even so, the number isn't large by industry standards. Full story...
Nov
24th

Volvo plans California EV test

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Volvo's C30 electric car will come to California next year as part of a test fleet, said CEO Stefan Jacoby. He said that it's too early to say now many cars may be run in California but that they'll go to commercial fleets. Full story...
Nov
24th

A younger, sportier Mercedes look pays off with U.S. customers

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When it comes to design, Mercedes-Benz was long the conservative grande dame of luxury carmakers. Styling was understated and aimed at middle-aged buyers. But a shift toward sportier and more youthful styling, partly driven by U.S. Full story...
Nov
24th

If you can’t drive faster, look sportier

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Sedans are looking as sleek as coupes while wagons are turning into "sportbacks" to hide their loading capacity. Sometimes it seems the design world has been turned upside down. These days, even SUVs are taking on coupe-like proportions. Full story...
Nov
24th

GM to Invest $163 Million in Three Plants

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General Motors today announced a $163.2-million investment in its operations in Flint and Bay City, Michigan, and Defiance, Ohio, to support engine production for the Chevrolet Volt, Chevrolet Cruze and a new Chevrolet small car to be built in the United States. Full story...
Nov
24th

NASCAR: Hendrick Motorsports swaps drivers and crew chiefs on three teams

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Despite winning the last five-straight Sprint Cup championships, Rick Hendrick decided that it was time for a revolutionary change at Hendrick Motorsports. Full story...
Nov
24th

Mario Theissen leaves his position as BMW’s motorsport director

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Fifty-eight-year-old Mario Theissen will leave his position as head of motorsport management of BMW, to be replaced by former Toyota F1's man Jens Marquardt. Full story...
Nov
24th

First 500 Special Edition Fiat 500s Sell Out in 12 Hours!

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Chrysler Canada announced today that the 500 models of the Fiat 500 Prima Edizione were completely sold out in 12 hours. The cars became available to the public Wednesday at one minute after midnight and generated a lot of enthusiasm from the buyers wanting to acquire a unique model in counterpart of a $500 deposit. Full story...
Nov
24th

McLaren announces MP4-12C Pricing

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McLaren revealed the prices for their MP4-12C in a press release today. The supercar will be officially on sale in United-Kingdom and Europe in the spring of 2011 and it will be possible to buy this magnificent car for the low price of £68,500 (CDN$ 228 250). Full story...
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