Auto News 5

General Motors said Monday that it had received three binding takeover offers for Opel that it would consider together with the European countries that would be affected by the deal. Full story...

Continental AG's CEO Karl-Thomas Neumann is planning to propose a 1 billion euros ($1.42 billion) capital increase, a German daily newspaper said. Neumann will present a strategy concept to the supervisory board at the end of July. Full story...

Volkswagen will begin assembling a new compact car at its plant in Mexico early next year following a $1 billion investment, a senior executive said. Full story...

Continental AG's CEO Karl-Thomas Neumann is planning to propose a 1 billion euros ($1.42 billion) capital increase, a German daily newspaper said. Neumann will present a strategy concept to the supervisory board at the end of July. Full story...

Continental AG's CEO Karl-Thomas Neumann is planning to propose a 1 billion euros ($1.42 billion) capital increase, a German daily newspaper said. Neumann will present a strategy concept to the supervisory board at the end of July. Full story...

OnStar, General Motors' in-vehicle safety and communications system, has launched a service to keep car thieves from starting a vehicle that has been reported stolen. Full story...

Faced with a 3.5 billion euro ($4.97 billion) tranche of debt due next August, Continental AG plans to raise fresh equity to plug a hole in its balance sheet, three sources familiar with the matter told Reuters on Tuesday Full story...

Facing 3.5 billion euros ($4.97 billion) of debt due next August, Continental AG plans to raise fresh equity to plug a hole in its balance sheet, three sources familiar with the matter told Reuters today. Full story...

The new Z is a track beast, but with the mighty GT-R in the same stable, it pretty much has to be one. But it has a character of its own, so don't consider it as a slower but less expensive alternative to Nissan's mythic flagship road rocket. Full story...

The new Z is a track beast, but with the mighty GT-R in the same stable, it pretty much has to be one. But it has a character of its own, so don't consider it as a slower but less expensive alternative to Nissan's mythic flagship road rocket. Full story...

Rolls-Royce Motor Cars has confirmed headline performance figures for Ghost, their new model which will be unveiled at the Frankfurt motor show in September. Full story...

The battle to succeed Max Mosley is intensifying, after Ari Vatanen on Monday accused fellow presidential candidate Jean Todt of receiving favouritism in the form of FIA funding. Full story...

A devastated Jonathan Palmer has moved to defend Williams and the safety of the relaunched series amid rumours the standards of the British team's Formula 2 car design contributed to the death of Henry Surtees. Full story...

Fifty years ago today, the Honourable Henri Courtemanche, Secretary of State of Canada, authorized the paperwork for a new corporate body operating under the name of Volvo (Canada) Ltd. In the five decades that followed, the Swedish company's iron mark logo became a well-known entity as approximately 350,000 Volvo vehicles found Canadian homes. Full story...

Munich. As well as having a huge influence on the international music scene, British bands like the Sex Pistols, The Clash and the Rolling Stones have also left their hallmark as style icons on the world of fashion. In a year when we are celebrating the 50th birthday of the brand, MINI presents an authentic lifestyle collection of fabrics and accessories showcasing essential "Brit chic" with Union Jack prints and rockstar badges. Full story...

AURORA, ON, Canada and MOSCOW, Russia, July 21 /CNW/ - Magna International Inc. ("Magna") (TSX: MG.A, NYSE: MGA) and Savings Bank of the Russian Federation ("Sberbank") (RTS: SBER, MISEX: SBER03) today announced that Magna and Sberbank have jointly submitted a revised offer to acquire a 55% interest in Adam Opel GmbH ("Opel") as part of a proposed solution that is intended to assure the long-term viability of Opel. Full story...

When Volvo Cars launches a new car, an identical copy is released on a much smaller miniature-car scale. For the first time ever, a Volvo concept car is now also available as a miniature model. Full story...

The 2009 Focus uses high strength steel throughout its structure, is loaded with six standard airbags - including side curtains and seat-mounted air bags - and comes with new front seats designed to perform well in dynamic rear impact collisions. Full story...

Rolls-Royce Motor Cars has confirmed headline performance figures for Ghost, their new model which will be unveiled at the Frankfurt motor show in September. Full story...

The signs are growing that Nico Rosberg is set to move from Williams to the Mercedes-powered McLaren team at the end of 2009. Full story...