A face-saving compromise is set to resolve the months-long power struggle between Volkswagen and Porsche SE over who will control the carmaking powerhouse they seek to forge.
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The families that own Porsche are close to a compromise agreement that would allow Volkswagen to take a stake of nearly 50 percent in the sports car maker, sources told Reuters.
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Tata's tony Nano passes Euro Ncap tests
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V8-engined Supercar spied, complete with stunning doors
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Peter Harbig, chairman of the board of the insolvent Wilhelm Karmann GmbH has resigned from his position.
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BYD Co is looking to raise capital to fund business developments and new projects, the Chinese battery and auto company has said.
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Tata Motors has announced that it has delivered its first Nano.
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MINI adds budget model to the range
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Kia Motors has launched its first commercialised hybrid electric vehicle (HEV), the Forte Liquid Petroleum Injection (LPI) Hybrid, on its domestic market of South Korea.
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Renault's global sales fell 16.5% in the first half of the year compared to the same period last year to 1.1m units. But the company, which is due to publish full results on 30 July, said that it generated "significantly positive cash flow" thanks to its cost-cutting measures introduced in February.
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Sixteen years ago, a California farming couple with an interest in classic cars decided to host a concours to benefit local children's groups.
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French auto workers are continuing to threaten to blow up their car parts factory after talks between their union and the car maker Renault fell through last night.
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Goodyear has announced that it will close its tyre plant in the Philippines as part of a strategy to address uncompetitive manufacturing capacity globally.
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Porsche CEO Wendelin Wiedeking could be offered a 100 million euro payoff to quit the sports car maker to make way for a merger with Volkswagen, Germany's Sueddeutsche Zeitung said.
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The chairman of the Japan Automobile Manufacturers Association (JAMA) has said that fuel-efficient cars eligible for government tax breaks made up more than half of new domestic car sales in June.
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New vehicle sales in Thailand fell by 13.4% year-on-year in June to 43,402 units, according to data released by distributor Tri Petch Isuzu.
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Commissioner Poizner of California's Department of Insurance has proposed revised regulations that will give insurance companies the ability to offer consumers coverage plans that are paid for by the mile.
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Ford has announced the retirement of two senior executives and a series of what it calls 'key leadership changes' that further strengthen its management team and support the company's "One Ford" transformation plan.
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GM is likely to pick a buyer for Opel/Vauxhall next week according to several media reports. In other developments, the German Chancellor expressed support for Magna's bid, while RHJ said it would keep German plants open and its CEO dampened GM 'buy-back clause' speculation.
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