Auto News 5

RM Auctions has bought the Kruse International Auction Park in Auburn, Ind., from financially troubled auctioneer Dean Kruse and plans to hold the site's annual Labor Day weekend car auction Sept. 2-6. Full story...

V8-powered retro muscle car confirmed for sale with full Chevrolet warranty.

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Mazda Motor chief executive Takashi Yamanouchi said on Thursday he wanted a joint venture in China in which the automaker held the maximum 50% allowed instead of the 15% it now owns in a three-way venture. Full story...

Unions involved in the protracted dispute with Fiat concerning its future plans for the Pomigliano d'Arco plant near Naples have called for fresh dialogue with the company. Full story...

In the global automotive seating market, suppliers must offer seats that are more comfortable, durable and safer than last year's designs but also lighter and cheaper too. Full story...

New UK business secretary Vince Cable has welcomed news that General Motors has signed a series of deals worth more than GBP100m (US$151m). Full story...

Faurecia has signed an agreement to acquire tier one supplier Plastal Spain which makes exterior parts for the automotive industry. Full story...

Would you buy a car from a carmaker that sells only US$109,000 electric sportscars based on a Lotus design, has burned through US$230.5m in cash since its July 2003 start, posted losses every quarter since, and will have a gap in its line between the final roadster and a planned, cheaper, luxury electric sports sedan due in 2010? Probably not, which explains the film star, musician and well-heeled electric car fan base to date. But, would you buy a slice of the carmaker? This week's IPO said a resounding 'yes'. Full story...

Based on a C63 AMG Mercedes has given its flagship C-Class the ultimate sports makeover.

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U.S. light-vehicle sales rose 14 percent in June, with major automakers posting some of their smallest gains of the year amid signs of sagging consumer confidence and a cloudier economic outlook. Ford Motor Co.' Full story...

Production LRX officially revealed. Name confirmed as Range Rover Evoque. Full story...

French parts supplier Heuliez's new owners Baelen de Gaillard Industries (BGI) has said it will continue the company's stamping expertise, among other auto activities. Full story...

More than a quarter-million Toyota cars sold worldwide--including many Lexus cars--have engines that may suddenly stall while the car is moving, Toyota said on Thursday. Full story...

Will a V8 lessen the bite of the Audi R8 spyder? Full story...

Faurecia has announced that it will take an 18.75% stake in Xuyang Group, an automotive supplier. Full story...

Tata Motors and IndusInd Bank have inked a deal to provide channel finance facilities to Tata dealers. Full story...

Perhaps feeling a bit of chutzpah after a wildly successful stock offering this week, Tesla is demonstrating on Thursday that it still has an eye toward product, revealing the updated Tesla Roadster. And it's available for order now. Full story...

Weakness in new vehicle retail sales experienced during the first half of June has progressed at an accelerated rate through the remainder of the month, pulling the retail selling rate below 8.5m, according to JD Power and Associates, which gathers real-time transaction data from more than 8,900 retail franchisees throughout the United States. Full story...

Car sales in Spain, where the government has launched tough reforms to correct a debt crisis, surged 25.6% year on year in June, trade data showed on Thursday. Full story...

Indian car market leader Maruti Suzuki sold 88,091 vehicles in June 2010, including 15,279 export units. Full story...