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May
19th

Suppliers with strongest ties to trucks may be hurt most

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Stricter U.S. fuel economy standards announced today may hurt auto-parts suppliers with the strongest ties to truck-dependent Detroit automakers. Companies like American Axle and Manufacturing, Lear Corp. Full story...
May
19th

Audi Q5 Custom Concept

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Audi's compact SUV is fitted with tuned version of the S4's supercharged V6


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May
19th

ITALY: Fiat must keep car plants going – government

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Italy's government has said Fiat must commit to keeping all five of its car plants in Italy if it goes ahead with an Opel takeover, media reports said on Tuesday. Full story...
May
19th

GERMANY: Ripplewood ready for Opel bid – reports

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US investment fund Ripplewood is ready to make a bid for Opel, bringing the number of potential investors to three, German daily Bild reported on Tuesday. Full story...
May
19th

Germany, banks reach agreement on Opel bridge finance model

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The German government has agreed with a group of banks on a way to provide bridge financing for General Motors' unit Opel in case it is needed, the European Investment Bank (EIB) said. Full story...
May
19th

German banks to temporarily finance Opel, sources say

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German public banks have agreed with the German government to extend temporary financing to General Motors' European unit, Opel, during efforts to shift it to new ownership, Berlin sources said Tuesday. Full story...
May
19th

GERMANY: Conti postpones truck tyre axe

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Continental has postponed a decision on shutting down a truck tyre plant in its home base of Hanover, the company and worker representatives said on Tuesday. Full story...
May
19th

Nissan says Japan tax breaks boost green-car sales

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Nissan Motor Co. said on Tuesday orders for its eco-friendly cars are up 30 percent in Japan so far in May from the same period a year earlier, helped by the government's new tax incentives for low-emission cars. Full story...
May
19th

SWEDEN: Saab asks for three more months to reorganise

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Saab has asked reorganisation judges at the Vaenersborg district court in southwestern Sweden for an additional three months to reorganise its operations, one day before a similar such period granted in February expired. Full story...
May
19th

Ferrari Testa Rossa breaks auction record

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It’s the most expensive car ever to sell at auction. This black 1957 Ferrari 250 Testa Rossa has just been bought at the famous Leggenda e Passione auction in Maranello by an unknown bidder.


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May
19th

Electrifying Le Mans racer

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Swedish concept aims to prove battery-powered cars can compete at the pinnacle of motorsport


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May
19th

Spied: Volkswagen Touareg put on a diet for redesigned 2011 model:

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Volkswagen engineers have put the Touareg on a diet as they prepare the next generation of the SUV for a 2010 launch as a 2011 model. Full story...
May
19th

Daimler takes 10 percent stake in EV maker Tesla:

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Daimler AG has acquired an equity stake of nearly 10 percent of California electric car maker Tesla Motors Inc., the German automaker said Tuesday. Full story...
May
19th

GERMANY: Daimler takes c10% stake in Smart EV partner Tesla

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Daimler on Tuesday said it had acquired an equity stake of nearly 10% of California-based electric sportscar maker Tesla Motors. Full story...
May
19th

GERMANY: Porsche investor talks “promising”

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Porsche Automobil Holding SE is conducting "promising talks" with a potential investor, a company spokesman was quoted as saying on Tuesday. Full story...
May
19th

Audi reveals killer Q5 concept:

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Audi has provided the strongest hint yet that it plans to crown its Q5 lineup with an RS model by revealing a one-off, 408-hp, supercharged 3.0-liter V6 concept version of its compact SUV. Full story...
May
19th

Cadillac, Lexus score high in satisfaction survey:

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Cadillac buyers are the most satisfied with their choice of vehicle brand, owners of the Cadillac Escalade are the happiest among truck buyers, and buyers of the Lexus LS sedan are the happiest car owners, according to the latest satisfaction survey... Full story...
May
19th

U.S. set to raise fuel-economy standard:

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Government regulators will get their prize of higher fuel-economy standards, and automakers will get the certainty of a national emissions standard, under new rules to be proposed Tuesday by President Barack Obama. Full story...
May
19th

Continental’s Hanover tire plant safe until end of 2010

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German partsmaker Continental's tire plant in Hanover, Germany, will remain open at least another year. On Tuesday, the company and worker representatives announced that the plant will keep operating until the end of 2010. Full story...
May
19th

Saab whittles list of suitors to 3

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Saab has selected three suitors for continued talks as it searches for a new owner, the money-losing General Motors unit said in a court filing on Tuesday. Full story...
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