Auto News 5

New-car sales in Spain fell 37.6 percent in October, it was the country's fourth straight double-digit monthly drop following the end of government subsidies, carmakers association ANFAC said on Tuesday. Full story...

Manufacturing labour costs in India have risen nearly 20% this year and will eclipse those in China as Indian workers have seen their wages increase sharply over the last year on the back of high inflation and a recovery in domestic demand, according to a study by consultants IHS Global Insight. Full story...

Daimler signed a 7 billion-euro ($9.8 billion) credit line to serve as a liquidity reserve. Full story...

AvtoVAZ is recalling almost 12,000 vehicles to carry out a brake check. Full story...

Ford India is the latest carmaker in the country to report booming sales in October with 9,026 vehicles leaving the showrooms, an increase of 161% over the same month last year. Full story...

Audi AG expects its capacity utilization to remain strong in 2011 as demand for its models stays high especially in growth regions such as China, the carmaker said on Tuesday. Full story...

Nissan is planning to launch three more electric vehicles besides the Leaf hatchback. By 2014, there will be an electric delivery van and a sporty subcompact for the Infiniti brand, and a city two-seater. Full story...

Nissan is planning to launch three more electric vehicles besides the Leaf hatchback. By 2014, there will be an electric delivery van and a sporty subcompact for the Infiniti brand, and a city two-seater. Full story...

Nissan has welcomed the UK government's decision to expand the timeframe to put investment behind electric vehicle subsidies and infrastructure development. Full story...

Nissan will continue to gain U.S. market share, but Chairman of the Americas Carlos Tavares forecasts slower industry growth ahead. For the Japanese fiscal year ending March 31, 2012, U.S. light-vehicle sales will rise to 12. Full story...

Kia Motors America has teamed with fashion and lifestyle magazine Antenna to showcase two highly customized 2011 Kia Sportage compact CUVs created by Antenna for "The Duel", which are outfitted with gadgets, technologies and materials to appeal to active and fashion-forward males. The concept vehicles, nicknamed "Work" and "Play", will be unveiled tomorrow at the 2010 Specialty Equipment Manufacturers Association (SEMA) Show in Las Vegas. Full story...

The normally conservative E-Class just shed much of its conventionality with the introduction of the 2010 Coupe and Cabriolet variants. This week's tester is the E 350 Coupe. Full story...

Sebastian Vettel needs to accept the reality of a number 2 role for the good of Red Bull's 2010 title chances. Full story...

Heikki Kovalainen has denied media reports claiming his former manager Flavio Briatore twice prevented his formula one race debut. Full story...

Michael Schumacher has accepted a German 'Man of the Year' award in Berlin. Full story...

Fernando Alonso's engine situation is not as dire as it appears on paper, according to a German publication. Full story...

The Williams Formula 1 team confirmed on Tuesday that it has agreed to supply Hispania Racing F1 Team with its proprietary gearbox technology. Full story...

Mooresville, NC- Less than a month after their historic $2.5 million win at the Progressive Automotive X PRIZE competition, North Carolina-based Li-ion Motors is making history again with the unveiling of the INIZIO: the world's first all American-made, fully-electric, emission-free "super car". Engineered with Li-ion Motors' patent-pending lithium-ion battery technology and management system, the INIZIO is a full-sized super car that has a range of up to 250 miles (321km) to satisfy every day driving needs, and a top-speed of 170 mph (272 km/hour) to thrill the avid sports car enthusiast. Full story...

Aston Martin and horological partner, Jaeger-LeCoultre are pleased to announce the launch of the AMVOX2 DB9 Transponder timepiece which affords the owner of a DB9 the luxury of opening their sports car by simply pressing on the sapphire crystal of their watch. Full story...

Winter is inevitably around the corner. If you haven't bought your winter rubbers, your probably planning on doing it very soon. We all know what a big expense this is, however we've got some bad news... It's only going to get more expensive. Full story...