Auto News 5

Mahindra & Mahindra shares lost as much as 3.4% in Indian trading on Monday afternoon after the tractor and utility vehicle specialist, which also assembles and distributes Mitsubishi models, reported unexpectedly lower third fiscal quarter net profit. Full story...

Toy version leaked ahead of Geneva Motor Show unveil!

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PSA Peugeot Citroën on Monday announced an average pay increase of 1.9% had been agreed with its workforced after a second pay round meeting on 21 January. Full story...

Toyota's global vehicle output last year dipped 22.4% to 6,371,291 units. All other Japanese automakers posted falls ranging from 9% (Suzuki; 2,387,533) to Mitsubishi's 39.5% plunge to 794,681 units. Full story...

Shares in Spyker Cars soared 30% in early Monday trading to be the lead gainer in Amsterdam and were up over 39.5% just after 12:30GMT on speculation the Dutch luxury sportscar maker is close to a deal to buy Saab from General Motors. Full story...

Fiat's chief technical officer Harald Wester, 51, is the new CEO at Alfa Romeo. He also has the same role at Maserati and Abarth and is responsible for making the new brand grouping work. Full story...

Maruti Suzuki has posted large increases in sales and profits for the third quarter of fiscal 2009/10. Full story...

MINI Countryman unleashed, Mercedes SLK spied, BMW 5-Series and Citroen DS3 drive, Honda CR-V meets rivals.

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General Motors confirmed on Monday afternoon it was continuing to discuss the sale of its Saab unit with Dutch luxury sportscar maker Spyker but declined to elaborate. The announcement by GM chairman and CEO Ed Whiteacre came soon after the bidder said negotiations "must end soon". Full story...

General Motors confirmed on Monday afternoon it was continuing to discuss the sale of its Saab unit with Dutch luxury sportscar maker Spyker but declined to elaborate. The announcement by GM chairman and CEO Ed Whiteacre came soon after the bidder said negotiations "must end soon". Full story...

General Motors confirmed on Monday afternoon it was continuing to discuss the sale of its Saab unit with Dutch luxury sportscar maker Spyker but declined to elaborate. The announcement by GM chairman and CEO Ed Whiteacre came soon after the bidder said negotiations "must end soon". Full story...

Up-for-sale GM unit Saab looks highly likely to be sold by General Motors to Dutch luxury sportscar maker Spyker Cars with an announcement expected at 16:30GMT in Detroit. Full story...

Up-for-sale GM unit Saab looks highly likely to conclude a deal with Dutch luxury sportscar maker Spyker Cars with an announcement possibly to be made this evening, European time. Full story...

China's second biggest carmaker, FAW Group, plans to sell over 2.3m vehicles this year, up 18.3% year on year, the Xinhua news agency said, citing a company executive. Full story...

The US will follow Europe with a new generation of smaller displacement, turbocharged engines, according to the President and CEO of Honeywell Transportation Systems, Alex Ismail. Full story...

AvtoVaz , maker of cheap Lada brand small cars, should be sold for US$1 to Renault, the head of Russia's largest car importer told a German newspaper on Sunday. Full story...

Vehicle sales in the top six ASEAN markets combined fell by 10.2% to just over 1.9m units in 2009, with a sharp fall in the first half of the year partially offset by a strong second half recovery. Market recovery is expected to continue in 2010. Full story...

DETROIT - Edward E. Whitacre, Jr., has agreed to continue as chairman and CEO of General Motors, it was announced today. Full story...

To be completely frank, I was excited to come to Georgia to see the shiny new Kia plant that is manufacturing the 2011 Sorento-- Georgia itself was incidental. The tour of KMMG was awesome-- yellow robotic arms working in a poetic rhythm with errant sparks flying into the cluster of automotive journalists who gazed on with childlike wonder (well at least this journalist felt like a 7 year old on a class field-trip!). It was truly a sight to behold. But there was something else going on in that factory, and honestly, I know I will not and cannot do it justice with my words. Full story...

Just a few short laps on the old F1 track, seven or eight at most, was all it took for me to realize two things: A), I have no idea how drivers manage to sustain this kind of effort hours on end, and B) the BMW 335is set to hit North American streets in the spring, is a great little toy featuring flawless power and handling. Well almost, anyways. Full story...