Auto News 5

Mercedes-Benz won't be 'stupid' in adding sales incentives to its cars as the company pushes to become the top-selling luxury brand in the U.S., an executive said. Toyota Motor Corp.' Full story...

China's new-car prices are likely to fall 20% by 2020, said former VW China CEO Winfried Vahland. He said intense competition, low disposable income, and relatively low costs of production are the most important factors behind the drop. Full story...

Dana, which has had six CEOs in three years, said CEO James Sweetnam has resigned after leading the supplier since July 2009. Full story...

Mercedes won't be 'stupid' in adding sales incentives to its cars as the company pushes to become the top-selling luxury brand in the U.S., an executive said. Lexus, helped by customer discounts in October, has remained the No. Full story...

Renault SA will supply engines to Lotus, Formula One championship leaders Red Bull and its own F1 team next season, the French manufacturer said on Friday. Full story...

It is with great honor that we recognize Lexus' chief test driver, Hiromu Naruse for pursuing more than 47 years of racing inspiration. Naruse helped inspire and develop nearly every iconic racing vehicle created by Toyota. Just as he guided Lexus in our relentless pursuit of perfection ... we thank him for allowing us to be part of his. Full story...

Nissan Motor Co., Ltd today announced a proposal for new mobility in a sustainable zero emission society and an electric vehicle (EV) embodying its proposal, 'NISSAN New Mobility CONCEPT'. Nissan continues to envision new possibilities realised by EVs. One proposal is a sustainable, efficient and convenient mode of transportation focussing on the increase of elderly and single households, as well as the trend of driving short-distances or in smaller groups. NISSAN New Mobility CONCEPT is our proposal to make this a reality. Full story...

The Daewoo brand hit Canadian shores back in 1999 with big hopes of experiencing success similar to that of fellow Korean automaker, Hyundai. Fast forward a tad, and it's pretty clear that it didn't quite work out that way. After a few measly years of selling a small handful of models to us Canucks, the largely unsuccessful Daewoo brand packed it in and hit the road like a rejected Canadian Idol star. Full story...

Renault and Cosworth have written a letter to the FIA as F1 struggles to find agreement over a new engine formula for 2013. Full story...

Both factory-Peugeot 908 set the best performances in qualifying for the third and last Intercontinental Le Mans Cup in Zhuhai. Full story...

No team orders as Christian Horner advises Mark Webber to put his focus back on track. And: Is Sebastian Vettel is too young and immature to win the 2010 world championship? Full story...

One of Williams' major sponsors has revealed it is leaving the British team at the end of the season. The Royal Bank of Scotland (RBS) is also leaving Grove based Williams after next Sunday's Abu Dhabi grand prix, and it is rumoured that AirAsia and McGregor are set to follow suit. Full story...

Jarno Trulli has dismissed reports he is set to switch to NASCAR in 2011 rather than stay another season with Lotus. Full story...

A fabulous qualifying session in Brazil on Saturday saw a young driver take his first Formula 1 pole in career. Williams' Nico Hulkenberg could not believe it when he saw his name on top of the provisional grid. Full story...

McLaren driver, Briton Jenson Button was involved in an incident with armed would-be assailants in Sao Paolo, Brazil. Full story...

Whether Carl Edwards jumped the restart or not, one thing is clear: Brad Keselowski claimed the Nationwide Series title in Texas in a race which came down to a green-white-checkered finish. Full story...

Businessman Juan Villalonga has joined the Hispania Racing Formula 1 Team, associating with its owner and president Jose Ramon Carabante. Full story...

Have you ever seen such a crazy Caddy? We certainly have not. Built by a couple from Harrington Park over a period of six years, this incredible Cadillac is nothing short of a feast for the eyes. And, a very expensive one. Apparently, the paint job alone cost a whopping $200,000! Full story...

GM began production of a version of the Chevrolet Cruze compact car more than three weeks behind schedule because of quality issues that the company declined to specify. Full story...

Ford shares surpassed $16 for the first time in six years in New York Stock Exchange trading and completed a 15 percent gain for the week after the automaker reported a U.S. sales increase. Ford rose 35 cents, or 2.2 percent, to $16.21 at 4 p.m. Full story...