Auto News 5

Valeo's annual meeting on Tuesday was marked by controversy as shareholders followed a supervisory recommendation to vote against the awarding of a "golden parachute" to former CEO Thierry Morin. The company will have to try to recover the 3. Full story...

Swiss auto parts and textiles company Rieter may consider breaking up its business into separate parts as its battles plummeting demand, its CEO was quoted as saying on Wednesday. Full story...

PSA/Peugeot-Citroen has established a 40-person task force in its purchasing division to monitor financial problems at suppliers. Full story...

Valeo on Tuesday said there were signs that destocking by carmakers was coming to an end but confirmed a gloomy outlook for 2009 amid an unprecdented industry crisis." Full story...

Valeo on Tuesday said there were signs that destocking by carmakers was coming to an end but confirmed a gloomy outlook for 2009 amid an unprecdented industry crisis." Full story...

U.S. auto parts makers need at least $8 billion to $10 billion in additional federal aid to preserve the supply base and stave off more than 100 company insolvencies by 2010, a trade group told U.S. Full story...

ESSEN, Germany -- The RWE Group and APCOA Autoparking GmbH are entering into a partnership in the area of electric mobility. The two companies are launching a joint roll-out of charging points for electric cars in publicly accessible parking areas. This will make it possible for drivers to recharge their electric vehicles very conveniently, for example while they do the shopping. Full story...

ESSEN, Germany -- The RWE Group and APCOA Autoparking GmbH are entering into a partnership in the area of electric mobility. The two companies are launching a joint roll-out of charging points for electric cars in publicly accessible parking areas. This will make it possible for drivers to recharge their electric vehicles very conveniently, for example while they do the shopping. Full story...

Cobra Electronics (NASDAQ: COBR) today announced the release of the new SL3 GPS Safety Camera Locator with AURA(TM) Camera & Driving Hazard Database. The SL3 is a standalone GPS-enabled device that warns drivers to thousands of driving threats that include red light cameras, speed cameras and caution areas. Full story...

As the F1 crisis nears its zenith, Bernie Ecclestone has warned rebel teams that crossing him could cost them "hundreds of millions of pounds". Full story...

According to a report in the German pres, the Scuderia Toro Rosso is being used by Ferrari as a sort of formula one 'B-team'. Full story...

According to a report in the German pres, the Scuderia Toro Rosso is being used by Ferrari as a sort of formula one 'B-team'. Full story...

The difficult economic conditions that are prevailing in the North American auto industry are beginning to take their toll as Richard Petty Motorsports had to lay-off some personnel and proceed with pay cuts because they are waiting for some money coming from Dodge. Full story...

The difficult economic conditions that are prevailing in the North American auto industry are beginning to take their toll as Richard Petty Motorsports had to lay-off some personnel and proceed with pay cuts because they are waiting for some money coming from Dodge. Full story...

As we predicted on Tuesday, Peugeot Sport has officially lodged a protest against its main rival, Audi and their mighty R15s just a few days prior to the 24 Hours of Le Mans. Full story...

As we predicted on Tuesday, Peugeot Sport has officially lodged a protest against its main rival, Audi and their mighty R15s just a few days prior to the 24 Hours of Le Mans. Full story...

All right, all right, we know the results of a comparison test never make everybody happy. That's especially the case when the subject of such comparison is a group of highly-desirable, highly-entertaining cars like the 6 sports coupes we've recently pitted against each other. Full story...

2007 marked the beginning of what has proven to be a highly successful project at Volvo Car Corporation. Engineers faced the challenge of developing cars that would meet the levels required for government incentives of below 120 g/km of CO2 emissions. The team at Volvo Cars was convinced that it was possible to achieve efficiencies to bring the Volvo cars to the same emission levels as in smaller sized vehicles. Full story...

As Chrysler Group LLC prepares to begin operations, the new company formed in alliance with Fiat announced an organizational restructuring to focus on the Chrysler, Jeep(R), Dodge and Mopar(R) brands. The new leaner, flatter structure is intended to restore brand promise and dealer confidence. All appointments are effective immediately. Full story...

Stuttgart - 2009 is a year in which Mercedes-Benz celebrates several anniversaries in the safety field: in August 1939 the safety pioneer Béla Barényi started his work in Sindelfingen. He invented for example the principle of the crumple zone, a trailblazing innovation which entered series production at Mercedes-Benz in 1959. Full story...