Auto News 5

Tata Motors is keeping mum on whether or not it will relinquish a stake in its financing arm, although it admitted looking for "opportunites" to strengthen its gearing position. Full story...

Tata Motors began trial production of the INR100,000 (US$2,200) Nano at its new Sanand factory in Gujarat state last month and is set to begin commercial output by April. Full story...

Thanks to a new Speed Pack, range-topping coupe boasts 174mph top speed and hot new styling tweaks Full story...

Dodge Viper ownership group, The Viper Club of America, with around 25,000 members world wide, has agreed a deal to acquire parts, accessories and rare historical items directly from the automaker. Full story...

Resale values of Honda and Toyota vehicles in South Korea has plummeted following their recalls, industry data showed. Full story...

The most potent Bentley droptop ever will break cover in March at the Geneva motor show with the reveal of the 2011 Continental Supersports convertible. Full story...

Italy is prepared to invest 450 million euros ($614.3 million) to convert Fiat SpA's Termini Imerese auto plant in Sicily, Industry Minister Claudio Scajola said on Wednesday. Full story...

Rheinmetall's automotive supplier business posted a quarterly profit for the first time last year, helping the group meet its full-year target for profitability despite heavy restructuring charges. Full story...

The replacement for the Nissan Micra will debut in Geneva. The so-called Global Compact Car is the first new model developed on Nissan's all new V Platform. Full story...

Fiat is taking engine downsizing to a new level with the introduction of its new 900cc, two-cylinder TwinAir unit. Full story...

Daimler AG's supervisory board today approved a three-year extension to CEO Dieter Zetsche's contract. Full story...

Daimler AG's supervisory board today approved a three-year extension to CEO Dieter Zetsche's contract. Full story...

Michelin has been voted Tire Manufacturer of the Year in the Tire Technology International Awards for Innovation and Excellence 2010. The awards took place at the Tire Technology Expo in Cologne and were voted for by a panel of 17 internationally-renowned industry experts. Full story...

On Wednesday morning, February 17th, a Cessna 310 carrying three employees, crashed in a residential neighborhood in East Palo Alto, California, about a mile northeast of the airport. Full story...

One of the best places to see how automakers are working through green issues is at a big auto show, like this one in Toronto. Where else do you see current production cars, future production cars, and concept cars are all crammed together under one roof? Full story...

One of VW's recent marketing campaigns has struck gold. Again. Full story...

The Museum run by Dr. Ing. h.c. F. Porsche AG, Stuttgart, Germany, is sending its legendary Type 64 Berlin-Rome Car on a long journey. Befitting the 60th anniversary of Porsche in America, the aluminium body of Type 64 will be presented from 21 March to 20 June 2010 at the High Museum of Art in Atlanta, Georgia (USA), taking the first and most prominent exhibit at the Porsche Museum in Zuffenhausen to a new location outside of Germany for the first time. Full story...

San Sebastián/Spain - Mercedes-Benz is unveiling the prototype of a battery-powered van based on the Mercedes-Benz Vito at the informal EU Competitiveness Council meeting in San Sebastián from 7 to 9 February. During this event, European ministers of economic affairs meet to discuss issues relating to the economic viability of future technologies. Full story...

Hankook Tire Canada today announced its Tame the Road Rebate Promotion, Hankook's first mail-in consumer rebate promotion on ultra high performance tires (UHP) in Canada. The promotion will include rebates on the following products: Ventus V12 evo, Ventus ES, Ventus ST, and Ventus AS. Full story...

FAZZT Race Team driver Alex Tagliani will be appearing and signing autographs at the Canadian International Auto Show being held at the Metro Toronto Convention Centre. Full story...