Auto News 5

Chongqing Changan Automobile has won regulatory approval to raise as much as 4 billion yuan ($598.9 million) via a new share offering. Changan Auto, a China partner with Ford, said in February it needed 4. Full story...

Continental CEO Elmar Degenhart said a "master plan for future mobility" is needed as the number of cars nearly triples to 2 billion or more in coming decades. Full story...

Fiat held the top spot in Brazil's auto market in October despite its unit sales falling 5.8 percent from the month before. No. 2 seller Volkswagen saw its volume grow 2.2 percent. Total market sales fell 1. Full story...

One of the most talked-about concepts at April's Beijing auto show is headed to production, beginning in 2012. The Mercedes-Benz CLS Shooting Brake will be assembled at the automaker's plant in Sindelfingen, Germany. Full story...

Fiat's Maserati and Alfa Romeo brands may get new SUVs derived from the new Jeep Grand Cherokee platform, CEO Sergio Marchionne said. Full story...

Former President George W. Bush is defending his $17.4 billion bailout of the U.S. auto industry in his memoir, Decision Points. Full story...

General Motors Co. is dropping the GM Goodwrench car mechanic brand in the United States as the company moves to redirect the marketing emphasis around its four core vehicle brands, the company announced. Full story...

I have to be honest; I was a little disappointed to find a V6 beneath the power-dome hood of my Mustang Convertible tester. That "downer" soon turned to elation after dropping the top and releasing the clutch. Ford's onto something here--something exhilarating. Full story...

Robert Kubica could be about to find himself free of his Renault contract, while Mike Gascoyne questions Group Lotus' F1 strategy. Full story...

As he prepares to commit for another year to world rallying, Kimi Raikkonen insists he does not regret his decision to leave formula one. Full story...

Russian investors are reportedly looking to buy into the new F1 team Virgin. Full story...

Adrian Newey has revealed he has no immediate plans to step down as the designer of Red Bull's F1 cars. Full story...

Here is a teaser of the documentary about the rally life of former Formula 1 World Champion Kimi Raikkonen due to be released in 2011. Full story...

Dodge has released a photo of its new NASCAR Sprint Cup Series car, which will tackle the circuits next season. Full story...

Automobili Lamborghini S.p.A., manufacturer of the world's most exclusive super sports cars, has launched a brand new e-commerce site, http://www.lamborghinistore.com. This is the only website where customers and enthusiasts can purchase official Automobili Lamborghini brand merchandise from Collezione Automobili Lamborghini. Full story...

TOKYO, Japan -- Mitsubishi Motors Corporation (MMC) will host the world premiere of the North American version of its i-MiEV new-generation electric vehicle at the Los Angeles Auto Show (LAAS) held at the Los Angeles Convention Center from Wednesday, November 17 to Sunday November 28 (open to the general public from Friday, November 19). In addition, the Outlander Sport compact CUV (RVR in Japan, ASX in Europe), which is to go on sale in the North American market from the end of this year, as well as other core vehicles for the North American market are planned for display at the LAAS. Full story...

Hällered, a fenced-in 7 million m² area an hour away from Gothenburg, Sweden, is Volvo Cars main testing facility. The track stretches 26 km, consisting of 15 different test tracks designed to simulate every type of road surface and weather condition a car can be subjected to during its long life time, including a fully-equipped public highway within the area. The tests are carefully planned and computer monitored. Full story...

Auto123 is always proud to attend the best and most important car events and make everyone feel just like they were there. Full story...

The Grand Prix of Abu Dhabi, held this weekend on the Yas Marina circuit will crown the 2010 Formula 1 World Champion. Four drivers still have a mathematical chance of claiming the title on Sunday. Full story...

This could be great news for motorsports fans who come each year to the Grand Prix of Trois Rivières, Quebec for the exciting street race. Organisers of the event are reportedly about to confirm that the Firestone Indy Lights series will be back in 2011. Full story...