Auto News 5

Nissan is seeking European Investment Bank financing to help it develop electric cars that it will sell starting in 2012, a senior executive said. Full story...

Shares in PSA/Peugeot-Citroen rose 3.3 percent on market talk that French government could buy a stake in the carmaker, traders said today Full story...

Shares in PSA/Peugeot-Citroen rose 3.3 percent on market talk that French government could buy a stake in the carmaker, traders said today Full story...

Alfa Romeo's next two cars will be called the Milano and Giulia. Surprisingly, the news did not come from Alfa or its parent Fiat Group. Instead, Chrysler, Fiat's new alliance partner, revealed the names in its submission to the U.S. Full story...

Alfa Romeo's next two cars will be called the Milano and Giulia. Surprisingly, the news did not come from Alfa or its parent Fiat Group. Instead, Chrysler, Fiat's new alliance partner, revealed the names in its submission to the U.S. Full story...

First ride in new Focus RS, BMW's clever new 5-Series concept, best of British group test special, baby McLaren revealed, FREE 16-page RS magazine Full story...

Sweden's Autoliv Inc., the world's biggest seatbelt and airbag maker, said today it would pay no second quarter dividend in 2009 to conserve cash as a "precautionary measure" due to turmoil in the auto industry. Full story...

Russian car manufacturers have asked for state guarantees totaling nearly 30 billion rubles ($863 million), the Vedomosti business daily reported on Wednesday. Full story...

General Motors is accelerating its restructuring plans for Europe and is considering "several" plant closures or spin offs. The company also says its Saab unit could file for reorganization as early as this month. Full story...

General Motors is accelerating its restructuring plans for Europe and is considering "several" plant closures or spin offs. The company also says its Saab unit could file for reorganization as early as this month. Full story...

General Motors is accelerating its restructuring plans for Europe and is considering "several" plant closures or spin offs. The company also says its Saab unit could file for reorganization as early as this month. Full story...

GKN, the UK's largest auto parts supplier, will close two components factories in England. Full story...

General Motors and Chrysler LLC included bankruptcy scenarios in the viability plans they submitted to the federal government on Tuesday -- but both companies continue to reject the option. Full story...

Key Plastics LLC, a maker of plastic components for cars and trucks, has completed its prepackaged bankruptcy, the company said this week. In a statement posted on its Web site on Monday, Key Plastics said its reorganization plan took effect on Feb. Full story...

Mazda North American Operations has trimmed its U.S. retail network by nearly 30 percent since 2005, CEO Jim O'Sullivan said. Mazda's U.S. Full story...

U.S. Full story...

The Canadian Auto Workers union said on Tuesday it would find cost cutting measures to remain competitive with the U.S. arms of General Motors and Chrysler LLC after the companies reached agreements in principal with the UAW. Full story...

The Canadian Auto Workers union said on Tuesday it would find cost cutting measures to remain competitive with the U.S. arms of General Motors and Chrysler LLC after the companies reached agreements in principal with the UAW. Full story...

There is no sane reason for sticking a twin turbo V8 into a SUV(technically a CUV because it is a car type platform), let alone add a sport option that remaps the fuel injection and boost pressure settings to produce 550 horsepower and 553 lb.ft. of torque. If you really want to justify the numbers, then you switch to horsepower to weight and here the Cayenne falls into the same category as Hemi Roadrunners from the muscle car era of the sixties, or you could compare it to a new Z06 Corvette. I'm sure this makes it all reasonable. Full story...

As required by congress as a condition of GM's financial bailout, the automaker today unveiled its restructuring and viability plan in the midst of a worsening economic downturn that's left the world's automakers reeling. Full story...