In today's News Brake: The FIA rules on the controversial new diffusers; the new Aston Martin Rapide breaks cover; and a Chrysler-Fiat update...But Wait, There's More!
Full story...
Creditors of Russian tyre producer Amtel-Vredestein have demanded that the company sells its Voronezh-based tyre producer Amtel-Chernozemye according to business daily Vedomosti.
Full story...
Tesla Motors received 711 reservations for its Model S electric family sedan in two weeks after launching it on 26 March, the automaker said in an email newsletter.
Full story...
The US treasury department has distributed US$5bn in government aid to General Motors and Chrysler suppliers.
Full story...
The Renault-Nissan alliance this week signed a partnership with China's ministry of industry and information technology (MIIT) for a pilot programme that, it said, would be a first step in bringing zero emission vehicles (ZEVs) to the country.
Full story...
Turkish vehicle maker Ford Otosan has said it will halt production at its Kocaeli factory between April 20-25 due to low demand.
Full story...
Australian car buyers are shifting permanently away from large cars, local General Motors unit Holden head Mark Reuss has said.
Full story...
Saab Automobile is to axe 701 jobs following talks with its unions. The figure is fewer than the original number of proposed jobs that were announced a month ago.
Full story...
Fuji Heavy Indistries has said it will release a plug-in electric version of its Subaru Stella minicar in July, but initially its sale will be limited.
Full story...
Volkswagen expects China to overtake Germany as its biggest market this year.
Full story...
Powertrain specialist BorgWarner has completed its public offering of 3.50% convertible senior notes due in 2012 and estimated net proceeds would be about $362.2m.
Full story...
Toyota Motor expects advance orders for the redesigned third generation Prius hybrid to reach 40,000 units in Japan by the time it goes on sale in mid-May, a local newspaper said on Wednesday.
Full story...
The Canadian Auto Workers union said today it planned to be back at bargaining table with Chrysler on Monday to resume talks that have been stalled since the beginning of April.
Full story...
Vehicle sales in the Philippines rose by 1.1% year on year in March to 10,746 units, from 10,625 units, according to data released by the Chamber of Chamber of Automotive Manufacturers of the Philippines (CAMPI). This is the first year-on-year rise for this market since last October and is a sign that the domestic economy remains reasonably stable despite a sharp decline in exports.
Full story...
Johnson Controls-Saft has announced plans to build its first lithium-ion battery cell manufacturing facility in the US after being offered tax credits and incentives from Michigan totalling US$148.5m as part of the state's strategy to become the "advanced battery capital of the world."
Full story...
The US government is pressuring the creditors of General Motors and Chrysler to help the carmakers return to health by swapping debt for equity. That might work if the lenders thought the equity was worth something. And it might be - if the two companies merged and crunched out substantial costs. [This article was provided by breakingviews.com.]
Full story...
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
