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Feb
18th

RUSSIA: Vehicle production rockets in January

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Russian vehicle production soared 91.9% year on year to 44,257 units in January according to industry monitor ASM Holding. Full story...
Feb
18th

GERMANY: Daimler stays upbeat despite ’09 loss

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Daimler has posted a bigger than expected loss for 2009. While the results and a dividend cancellation spooked investors, the firm remained upbeat on prospects for 2010. Full story...
Feb
18th

RUSSIA: GAZ reaches debt agreement with Alfa Bank

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Russia's Alfa Bank has agreed to restructure the debt of GAZ Group following the signing of an agreement. Full story...
Feb
18th

ITALY: Government ready to invest EUR450m in Fiat Sicily plant

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Italy is prepared to invest EUR450m (US$614m) to convert Fiat's Termini Imerese car plant in Sicily, industry minister Claudio Scajola has said. Full story...
Feb
18th

Aston Cygnet spied up close

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The first ever supermini with a supercar badge has been spotted out on the town...


Full story...
Feb
18th

UK: Car production jumps 65%

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Car production in Britain saw its biggest rise for more than 30 years in January though the year on year comparison was against a severely depressed, post-credit crunch market in early 2009. Full story...
Feb
18th

German engineering sector agrees to moderate pay deal

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Germany's largest union and employers in a key German state agreed on a two-year wage deal Thursday that capped this year's payment but offered an above inflation rise in 2011. The pact could set the trend for other areas. Full story...
Feb
18th

Opel to show new extended-range car in Geneva

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Opel has released details of an extended-range electric concept car that it will debut at the Geneva auto show. Full story...
Feb
18th

Vauxhall Flextreme GT/E

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Stunning Grand Tourer-style electric concept car boasts high performance battery and active aerodynamics.


Full story...
Feb
18th

COMMENT: From physician to patient as Toyota feels the pain of globalisation

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Anyone who knows Toyota well will be saddened by the recall elephant trap into which the company has fallen so spectacularly, writes Christopher Macgowan. Full story...
Feb
18th

CZECH REPUBLIC: New VW group diesel for Skoda

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A new two-litre Volkswagen group diesel engine with common rail injection system is now available in a Skoda Superb model called the 2.0TDI CR 140bhp DPF. Full story...
Feb
18th

Daimler scraps dividend after 2009 loss

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Daimler AG will scrap its annual dividend for the first time in 14 years after it swung to a worse-than-expected net loss, sending its shares into a tailspin. It promised to post a 2010 operating profit of more than 2.3 billion euros ($3. Full story...
Feb
18th

Daimler scraps dividend after 2009 loss

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Daimler AG scrapped its annual dividend for the first time in 14 years after it swung to a worse-than-expected 2009 net loss, sending shares down to their lowest level in five months. Full story...
Feb
18th

Bentley will unveil its fastest convertible in Geneva

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At the Geneva auto show March 2, Bentley will debut the Continental Supersports Convertible, which the British ultraluxury brand says is the fastest, most powerful droptop it has ever built. Full story...
Feb
18th

Germany denies report that gov’t finds Opel loan bid ‘unqualified’

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A German government advisory panel has raised doubts about whether GM.'s reorganization plan for European arm Opel deserves crucial state aid, the Financial Times paper reported. Full story...
Feb
18th

Diesels could take hit from review of Europe fuel taxes

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The European Commission is reviewing the taxation structure of transport fuels in a move that could boost demand for gasoline at the expense of diesel, an EU official said on Wednesday. Full story...
Feb
18th

Ex-Renault boss tapped as Volvo Truck’s new chairman

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Volvo Truck Corp. said on Wednesday its election committee had decided unanimously to propose electing former Renault CEO Louis Schweitzer as chairman of the board. Full story...
Feb
18th

2010 Ford Escape Hybrid Preview

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Escape was the first domestic SUV or crossover nameplate to offer a hybrid model. And this is a "full" hybrid; it can run solely on electric power (if you're gentle on the throttle and don't exceed 48 km/h). Full story...
Feb
18th

F1: Rubens Barrichello emerged quickest in Day 2 of testing at Jerez

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Day 2 of winter testing at Circuito Jerez de la Frontera, Spain where rain again played a major role as the track remained wet all day. Full story...
Feb
18th

F1: Video of Virgin Racing’s boys ”Life’s a Beach”!

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The boys from Virgin Racing Formula 1 team are back, with starring roles in our latest YouTube production Life's a Beach. Full story...
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