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Apr
8th

U.S. funding for Volt on hold pending bailout

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General Motors said it won't get federal funding for its Chevrolet Volt plug-in hybrid car until the company is certified as financially viable by the Obama administration. The automaker has applied for $10.3 billion in U.S. Full story...
Apr
8th

Toyota’s iQ may be sold as a Scion in the U.S.

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A "microsubcompact" car just over 10 feet long is expected to be the fourth Scion model. The iQ is essentially the Toyota iQ, a model sold in Japan and Europe. Full story...
Apr
8th

Scion considers bringing version of Toyota iQ to U.S.

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A "microsubcompact" car just over 10 feet long is expected to be the fourth Scion model. The iQ is essentially the Toyota iQ, a model sold in Japan and Europe. Full story...
Apr
8th

Toyota’s Lentz says U.S. auto sales may rise in second quarter

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U.S. auto industry sales are expected to be equal to or slightly better in the second quarter than the first three months of the year, Toyota Motor Corp.'s U.S. sales chief said today. Full story...
Apr
8th

Toyota sees U.S. car sales up slightly in Q2

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U.S. auto industry sales are expected to be equal to or slightly better in the second quarter than the first three months of the year, Toyota Motor Corp.'s U.S. sales chief said today. Full story...
Apr
8th

New York auto show: Scion shows micro-subcompact iQ concept:

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Following the spy photos that our shooters captured last week, Scion has officially introduced the iQ concept at the New York auto show. Full story...
Apr
8th

VW awards U.S. fuel tank contract to TI Automotive

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TI Automotive Ltd., which does three-fourths of its business outside the United States, will supply fuel tanks and filler pipes for the mid-sized sedan that Volkswagen AG will build in Chattanooga, Tenn. TI Automotive's plant in Hartwell, Ga. Full story...
Apr
8th

Driving costs hold steady for 2009, AAA reports:

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Despite a staggering dip in fuel prices, driving costs just as much as it did a year ago. Full story...
Apr
8th

2009 Toyota Venza AWD V6

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2009 Toyota Venza AWD V6
2009 Toyota Venza AWD V6 - Toyota Crossover SUV Review - Automobile Magazine
It's a spacious, comfortable, and quite luxurious crossover for people who don't have more than a couple of kids to haul and hence do not need a third-row seat.

My first thought as I sat behind the wheel of the Toyota Venza and looked around was something along the lines of, "Where did all this cheap plastic come from?" There's a surprising amount of hard plastic within reach of the driver, and yet the top of the dashboard is soft. Perhaps this is an example of Toyota's to maintain profit margins.


Photo Gallery: 2009 Toyota Venza AWD V6 - Toyota Crossover SUV Review - Automobile Magazine


Full story...
Apr
8th

GERMANY: Pension obligations could cloud Opel sale

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Pension obligations of almost EUR4bn might be one obstacle in the way of an Opel sale, a business newspaper said on Wednesday. Full story...
Apr
8th

Karmann files for insolvency :

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Karmann, the century-old German coachbuilder synonymous with cabrios and the famous 1950s Karmann Ghia, has filed for insolvency. Full story...
Apr
8th

GERMANY: Daimler sees “significantly lower” revenue in 2009

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Global automobile markets will not pass through the worst of the recession until the second half of 2009 at the earliest, Daimler chairman Dieter Zetsche told the annual general meeting in Berlin today, adding that the automaker was preparing for a distinct decline in business volumes this year with revenue "likely to be significantly lower than in the prior year in all automotive divisions and further substantial burdens on group earnings anticipated". Full story...
Apr
8th

Sizzling DS3 gunning for Cooper S

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GT version of bold new Citroen is getting ready to turn up the temperature in the hot hatch class


Full story...
Apr
8th

First Look: 2009 Mercedes Benz E250 Bluetec Concept

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First Look: 2009 Mercedes Benz E250 Bluetec Concept
2009 Mercedes Benz E250 Bluetec Concept - 2009 New York Auto Show Coverage, New car Reviews, Concept Cars - Automobile Magazine
Considering North America's bittersweet relationship with diesel-powered vehicles, it's a bit unusual to develop a diesel sedan exclusively for the New World.

Considering North America's bittersweet relationship with diesel-powered vehicles, it's a bit unusual to develop a diesel sedan exclusively for the New World. Still, that's exactly what Mercedes-Benz did with its E250 Bluetec concept.


Photo Gallery: 2009 Mercedes Benz E250 Bluetec Concept - 2009 New York Auto Show Coverage, New car Reviews, Concept Cars - Automobile Magazine


Full story...
Apr
8th

SOUTH KOREA: Ssangyong confirms 37% workforce cut

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Ssangyong has confirmed earlier reports of big job cuts and has said it will cut 2,646 jobs, or about 37% of its total workforce, as part of its new survival plan. Full story...
Apr
8th

Daimler warns of exposure to Chrysler collapse

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Daimler AG, which is struggling with a slump in sales of its Mercedes-Benz cars and trucks, warned shareholders today that it might face a writedown if Chrysler, its former US subsidiary, were to go bankrupt. Full story...
Apr
8th

CHINA: GM sets monthly sales record

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General Motors China sales in March rose 24.6% year on year to a monthly record of 137,004 vehicles as government stimulus policies kicked in. Full story...
Apr
8th

SLOVAKIA: Scrappage scheme spurs sales

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A new scrappage scheme in Slovakia boosted car sales in March, though not at the spectacular rates of 21% and 40% respectively seen in Germany in February and last month after a similar scheme was launched there. Full story...
Apr
8th

RUSSIA: Car and LCV market down 47% in March

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Data released by the Moscow-based AEB says that sales of new passenger cars and LCVs in Russia decreased by 47% year-on-year to 135,446 units in March. Full story...
Apr
8th

INDIA: Magna making expansion plans

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Magna International is considering setting up an integrated manufacturing facility in India for all but one of its 10 business divisions, the exception being car top systems. Full story...
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