The joint venture between Fiat S.p.A. and Russian carmaker Sollers is seeking a 2.1 billion euro ($2.6 billion) syndicated loan, according to the Russian news wire Interfax. Fiat and Sollers plan to invest 2.
Full story...
Daihatsu, market leader in Japan's minicar segment since 2006, plans to launch a new minicar next year that will be as fuel efficient as petrol-electric hybrids, company president Koichi Ina told reporters in Osaka.
Full story...
European carmakers face a big slide in H2 new-car sales after June volume fell in France and slowed in Spain as scrappage schemes are phased out and cautious consumers pull back from major purchases in the face of economic uncertainty.
Full story...
With the UK's scrappage scheme now ended and an increase in VAT (sales tax) from 17.5% to 20% scheduled for January 2011, what is the future for scrappage sales leader Hyundai and the new car industry in general?
Full story...
Audi adds a V8 option for drop-top R8 Spyder.
Full story...
Range Rover turns 40 on Thursday. And to celebrate, it plans to unveil a new compact SUV during an event in London. You can watch it here, beginning at 3:30 p.m. Eastern.
Full story...
Land Rover has taken the wraps off its new small SUV, the two-door Range Rover Evoque, as it makes a bid to appeal to fashion-conscious urbanites.
Full story...
Ford's UK unit will reduce the list prices of the Ka, Fiesta, Focus and Kuga on 2 August in a bid to remain competitive in the UK market following large price increases during 2009, forced by a poor euro exchange rate with the pound.
Full story...
Toyota Motor Corp. said today it is considering taking steps to eliminate possible engine failure in as many as 270,000 cars, as the world's largest automaker continues to ramp up its safety oversight following a string of recalls.
Full story...
Toyota is considering taking steps to eliminate possible engine failure in as many as 270,000 cars, as the world's largest automaker continues to ramp up its safety oversight following a string of recalls.
Full story...
Japanese automaker says as many as 270,000 luxury cars may have a problem that causes 3.5-liter and 4.6-liter engines to stall.
Full story...
BMW may invest more than $1 billion in Mexico to prepare local auto-parts companies to boost supplies to its U.S. plant, Mexican Economy Minister Gerardo Ruiz Mateos said.
Full story...
Mazda's global sales have grown more than 20 percent in the first two months of the business year, outperforming the annual target of a 6 percent rise, CEO Takashi Yamanouchi said.
Full story...
French car parts supplier Faurecia SA plans to buy a stake in one of the main suppliers to state-owned Chinese automaker FAW Group to build its position in the world's biggest car market.
Full story...
Before discussing the strengths and weaknesses inherent in the crossover segment of the automotive kingdom, it's important to properly define the term. However like all things automotive, definitions are generalizations at best, and open to plenty of diverging interpretations.
Full story...
Visitors to this week's Goodwood Festival of Speed will have some amazing machinery on which to feast their eyes but none more unusual than the exhibit which greets them on the stand of Cummins, the world's largest independent maker of diesel engines.
Full story...
As if the Porsche 911 GT2 wasn't enough, Porsche surpassed it with the 911 GT2 RS. They made it better, faster and lighter. The GT2 RS is 200 pounds lighter than the GT2, completes the 0-100 km/h sprint in only 3.2 seconds and laps the 'Ring in 7 minutes and 22 seconds. Porsche already released a teaser video, but this one's way better!
Full story...
Geoff Willis, HRT's technical director, believes formula one made a "mistake" in completely banning in-season track testing.
Full story...
GRAND-AM Road Racing today assessed penalties on the No. 01 team that competes in the Daytona Prototype class, as a result of a rule violation during the June 19 Rolex Series race at Mid-Ohio Sports Car Course.
Full story...
Plans for adjustable 'proximity' rear wings next year are not set in stone, according to FOTA chairman Martin Whitmarsh.
Full story...
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up