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Jul
15th

GERMANY: Lower Saxony premier urges VW, Porsche, families to bury hatchet

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Lower Saxony's prime minister Christian Wulff has demanded that the families controlling Porsche settle their differences and decide on whether to seek an integration with Volkswagen or not. Full story...
Jul
15th

Toyota’s European sales fall 26% in first half

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Toyota said its European new-car sales fell 26 percent to 452,350 in the first half compared with the same period last year. Sales of the carmaker's Lexus premium brand were hit especially hard by the economic crisis. Full story...
Jul
15th

German investor sentiment weakens on credit worries

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German analyst and investor sentiment dropped in July for the first time in nine months, weighed down by concerns about tighter credit conditions and suggesting any economic recovery in Europe's largest car market will be slow. Full story...
Jul
15th

German investors concerned about credit crunch

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German analyst and investor sentiment dropped in July for the first time in nine months, weighed down by concerns about tighter credit conditions and suggesting any economic recovery in Europe's largest car market will be slow. Full story...
Jul
15th

UK: Kia shows off updated cee’d

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Kia Motors has released the first pictures of its updated cee'd, showing off the South Korean brand's new 'family face'. Full story...
Jul
15th

JAPAN: Nissan develops dual injectors for small petrol engines

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Nissan Motor has developed a dual injector system designed to improve fuel efficiency in small-displacement petrol engines. The new fuel delivery system, the first of its kind, uses an injector for each port rather than one per cylinder - speeding up fuel vaporisation, reducing the amount of unburned fuel and reducing hydrocarbon emissions. Full story...
Jul
15th

Porsche rebuffs VW chairman’s merger plan, paper says

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Porsche Automobil Holding SE's supervisory board will discuss only a possible sale of a stake to Qatar at its next meeting on July 23, rebuffing plans by Volkswagen to push forward a merger of the two carmakers, the German daily Bild... Full story...
Jul
15th

Porsche rebuffs VW chairman’s merger plan, newspaper says

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Porsche Automobil Holding SE's supervisory board will discuss only a possible sale of a stake to Qatar at its next meeting on July 23, rebuffing plans by Volkswagen to push forward a merger of the two carmakers, German daily newspaper Bild... Full story...
Jul
15th

VW, Porsche to hold rival board meetings in Stuttgart

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The fight to control Porsche took a dramatic twist on Wednesday when it was reported that Volkswagen and Porsche would hold special board meetings on the same day in the sports car maker's home city. Full story...
Jul
15th

Valeo to simplify structure to help boost growth

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French supplier Valeo said on Wednesday it would simplify its structure around four groups to boost growth across its markets, improve efficiency and increase profits. Full story...
Jul
15th

Scrappage incentives lift European car sales, ACEA says

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European new-car sales were up 2.4 percent in June, boosted by scrapping incentive schemes in several member states. The rise was the first increase in 14 months for the crisis-hit industry, industry body ACEA said on Wednesday. Full story...
Jul
15th

Scrappage plans lift Europe car sales, ACEA says

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European new-car sales were up 2.4 percent in June, boosted by scrapping incentive schemes in several member states. The rise was the first increase in 14 months for the crisis-hit industry, industry body ACEA said on Wednesday. Full story...
Jul
15th

Peugeot RCZ to go on sale next spring

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Peugeot has announced that its RCZ coupe will go on sale starting next spring after its debut at the Frankfurt auto show in September. The 2+2 coupe is Peugeot's attempt to challenge the Audi TT. Full story...
Jul
15th

The party is over, now comes the hangover

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The party is slowly coming to an end. The guests are wearily drinking up the last drops. Some increasingly worry about the hangover ahead. Full story...
Jul
15th

Volkswagen to invest $1 billion in Mexico plant

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Volkswagen will start producing a new model at its plant in Mexico next year as it invests $1 billion to expand the site. Full story...
Jul
15th

Volkswagen to invest $1 billion in Mexico plant

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Volkswagen will start producing a new model at its plant in Mexico next year as it invests $1 billion to expand the site. Full story...
Jul
15th

Former GM CEO Wagoner retires with $8.6 million package

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Former General Motors CEO Rick Wagoner, ousted in March by the Obama administration, will retire in August with a package worth $8.6 million in the first five years. Full story...
Jul
15th

N.Y. attorney general trying to reach deal with Rattner, report says

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New York Attorney General Andrew Cuomo is trying to reach settlements with Steven Rattner, who led the U.S. autos task force, and the private equity firm he co-founded, the Associated Press reported on Tuesday. Full story...
Jul
15th

VW to invest $1 billion in Mexico plant

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Volkswagen will start producing a new model at its plant in Mexico next year as it invests $1 billion to expand the site. Full story...
Jul
15th

Jacques Villeneuve confirms he will contest the 24 Hours of Spa

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Canadian race car driver and former Formula 1 World Champion Jacques Villeneuve has confirmed Auto123.com that he will contest the famed 24 Hours of Spa-Francorchamps GT event. Full story...
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