Auto News 5

Daimler AG (stock-exchange abbreviation DAI) and its new major shareholder Aabar Investments PJSC (Aabar), of Abu Dhabi, have started their first joint strategic project with the sale by Daimler of 40 percent of its equity interest in Tesla Motors Inc. to Aabar. This investment allows Daimler and Aabar to leverage their shared interest in the development of low-CO2 drive systems. Full story...

Double Fusion, the leading in-game advertising company and gaming audience network, today announced its role in the development of Nissan Motor Co., Ltd.'s cube(R) Party Roundup game created exclusively for the Apple(R) iPhone(TM). Double Fusion, in collaboration with game development studio Coresoft, designed and developed the groundbreaking mobile game, which aligns with Nissan's advertising campaign introducing the Nissan cube(R) in the U.S. as a "mobile device." Full story...

Honda's new CEO, Takanobu Ito has today announced plans to begin sales of the CR-Z sports hybrid model in Japan in February 2010. The start date for UK sales of the new hybrid coupe will be released towards the end of 2009. Full story...

Volvo Car Corporation has chosen advanced, American-made lithium-ion battery systems designed and produced by Ener1, Inc. (Nasdaq: HEV) to power a pair of plug-in hybrid V70 demonstration cars being put through their paces across Europe this fall as part of a rigorous development program leading up to the planned 2012 commercial launch of a production plug-in model. Full story...

The boss of F1's commercial rights owners CVC has denied reports the company is considering ousting Bernie Ecclestone as chief executive. Full story...

Faurecia CEO Yann Delabriere thinks there is a good chance that Ford Motor Co. will become one of the French supplier's top three customers. Full story...

The 2009 Eurostars stand out because they have succeeded while their competitors stumbled. This year's winners have earned their awards by taking risks and refusing to fail. No auto executive has shown more courage than Fiat S.p.A. Full story...

Faurecia is growing fast in emerging markets. The French supplier booked 2 billion euros in new business in developing countries last year. By comparison, Faurecia reported 1 billion euros in sales in emerging markets in 2008. Full story...

Russia's auto lobby group wants the government to launch a scrapping incentive scheme to help stop the collapse of new-car sales. The call for help comes after Russia reported a sales decline of 50 percent or more for the third consecutive month. Full story...

Renault has chosen Nissan's U.S. finance chief to head its house bank and Porsche has restructured its sales in Russia, Latin America and Canada in the latest management changes in the industry. Full story...

GM's Bob Lutz has the guts. He's got the name. And he's got the experience. Full story...

GM's Bob Lutz has the guts. He's got the name. And he's got the experience. Full story...

GM's Bob Lutz has the guts. He's got the name. And he's got the experience. Full story...

Belgian holding company RHJ International is readying an improved offer for Opel that it hopes to submit this week, two sources familiar with its plans said on Sunday. Full story...

Porsche's controlling families met on Sunday to decide the future of the heavily indebted holding company that owns the sports car maker, German newspapers reported. Full story...

Porsche's controlling families met on Sunday to decide the future of the heavily indebted holding company that owns the sports car maker, German newspapers reported. Full story...

Porsche's controlling families met on Sunday to decide the future of the heavily indebted holding company that owns the sports car maker, German newspapers reported. Full story...

Porsche's controlling families were meeting on Sunday to decide the future of the heavily indebted holding company that owns the sports car maker, German newspapers reported. Full story...

Porsche's controlling families were meeting on Sunday to decide the future of the heavily indebted holding company that owns the sports car maker. German newspapers reported. Full story...

Porsche's controlling families were meeting on Sunday to decide the future of the heavily indebted holding company that owns the sports car maker, German newspapers reported. Full story...