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Jun
3rd

U.S. car sales surge 19 percent in May:

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All major automakers except Toyota reported double-digit U.S. sales gains in May, as the light-vehicle sales rate hit its highest level since December. Full story...
Jun
3rd

ITALY: Fiat union in crunch talks

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Fiat's largest union is to meet with the Italian automaker tomorrow in crunch talks to address flexible working practice issues in exchange for future Panda investment. Full story...
Jun
3rd

Russia pledges extra $340 million to car scrappage scheme

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Russia will pledge an additional $340 million to its car scrappage program after the incentive scheme boosted monthly car sales for the first time in 18 months in April. Full story...
Jun
3rd

COMMENT: Lincoln needs a Ford LaNeve

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Last week, a rumour surfaced: Ford was working on a plan kill off Mercury, the automotive legacy of Edsel Ford, Henry's only child. Mercury would be starved of product and promotion over a four-year period. Full story...
Jun
3rd

COMMENT: Michelin outlines Latin lesson

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There's quite a bash going on down in Rio de Janeiro. Full story...
Jun
3rd

ANALYSIS: In these straitened auto industry times, why the interest in Ssangyong?

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About a year ago I asked Dr Pawan Goenka, Mahindra's automotive business head, whether he saw acquisitions as a way for Mahindra to grow its automotive presence. He was cautious in his response, preferring to emphasise the firm's organic growth efforts. Full story...
Jun
3rd

US: Ford pulls the plug on Mercury

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Another famous American car brand is to bite the dust by the end of the year as Ford last night announced the axing of Mercury in favour of an expanded Lincoln line. Full story...
Jun
3rd

INDIA: VW revives Vento nameplate

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Volkswagen India is reviving the Vento brand for its version of the Polo sedan which will be launched next autumn. It will be the brand's second volume model after the Polo hatchback and will be positioned as a premium entry level sedan. Full story...
Jun
3rd

Honda to resume China car output on Friday

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Honda said it will resume car production at four plants in China on Friday but the outlook for next week remains uncertain as some workers at a parts factory have not yet agreed to a full return to work. Full story...
Jun
3rd

US: May Detroit sales beat analyst forecasts

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US light vehicle sales boomed in May as the Detroit automakers blew past analyst predictions. Full story...
Jun
3rd

Johnson Matthey upbeat on first half of 2010/11

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Johnson Matthey, the world's largest supplier of catalytic converters, expects good progress in the first half of 2010/11 while considerable short-term uncertainties about the global economy remained. Full story...
Jun
3rd

Audi launches A1 ‘Augmented Reality’

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Downloadable software allows you to interact with and explore the A1 on your computer screen.


Full story...
Jun
3rd

Lexus takes U.S. luxury sales lead over Mercedes

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Toyota Motor Corp. said U.S. sales of its luxury Lexus brand rose 31 percent in May as incentive programs helped it take a year-to-date lead over Mercedes-Benz. Lexus sold 22,216 vehicles in the U.S. Full story...
Jun
3rd

Lexus takes U.S. sales lead over Mercedes

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Toyota Motor Corp. said U.S. sales of its luxury Lexus brand rose 31 percent in May as incentive programs helped it take a year-to-date lead over Mercedes-Benz division. Lexus sold 22,216 vehicles in the U.S. Full story...
Jun
3rd

Toyota may accept 25% steel price hike, report says

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Toyota is in the final stages of talks with Nippon Steel Corp on steel sheet prices and may accept a 25 percent increase for the April-September period, the Nikkei business daily reported. Full story...
Jun
3rd

First Ferrari theme park revs up for October opening

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The world's first Ferrari theme park, inspired by the luxury Italian sports car and racing teams, opened its gates in Abu Dhabi for a sneak preview before its official opening in October. Full story...
Jun
3rd

Lexus LFA supercar is sold out, Toyota says

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Toyota has sold all 500 copies of the Lexus LFA supercar that it plans to build. Toyota will build only 20 copies of the 552-hp two-seater per month for a two-year period beginning in December. Full story...
Jun
3rd

Citroen makes new C4 a bigger challenger in compact segment

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Citroen has released the first images of its new C4 compact hatchback, a crucial car for the French brand in Europe's second largest segment, which is dominated by Volkswagen, Ford and Opel/Vauxhall. Full story...
Jun
3rd

VW unveils Russia-proof Polo sedan

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Volkswagen unveiled a sedan variant of its Polo small hatchback developed for Russia's tough climate and driving conditions. Full story...
Jun
3rd

Spyker to sell its high-end sports cars in Saab showrooms

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Spyker plans to almost double the number of dealers selling its high-end sports cars this year by offering them through Saab outlets, CEO Victor Muller said Full story...
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