Russian vehicle production soared 91.9% year on year to 44,257 units in January according to industry monitor ASM Holding.
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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.
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Russia's Alfa Bank has agreed to restructure the debt of GAZ Group following the signing of an agreement.
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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.
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The first ever supermini with a supercar badge has been spotted out on the town...

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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.
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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.
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Opel has released details of an extended-range electric concept car that it will debut at the Geneva auto show.
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Stunning Grand Tourer-style electric concept car boasts high performance battery and active aerodynamics.

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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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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.
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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.
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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