Global News
Lotus Group CEO Bahar suspended
May 26, 2012 09:53 CET
Dany Bahar, the chief executive with ambitious plans for British-based sports car maker Lotus, has been suspended by the new Malaysian owners of Group Lotus.... Read More » Comments [0] | Recommendations [0]
Fiat suspends commercial relations with Iran
May 25, 2012 17:01 CET
Fiat said today it had suspended its commercial relations with Iran in a move aimed at supporting international diplomatic efforts.... Read More »Bankrupt Saab attracts bid from China-Japan investor group
May 25, 2012 17:49 CET
A group led by a Chinese energy company and a Japanese venture-capital firm has placed a bid for Saab The group wants to buy Saab and build cars, a spokesman said.... Read More »China auto dealer Zhongsheng buys major stake in German custom specialist Carlsson
May 25, 2012 12:46 CET
Zhongsheng, a major Chinese auto retailer has acquired a 70 percent stake in German vehicle-personalization specialist Carlsson to meet rising demand from wealthy Chinese car owners for custom bodies and tuned engines.... Read More »BMW promotes Habib to head of automobile design
May 25, 2012 11:51 CET
BMW named Karim Habib as head of design for its automobiles division. Habib takes over the role from Adrian van Hooydonk, who had been doing the job in addition to his responsibilities as BMW's group design chief.... Read More »VW's German union won't lobby U.S. plant workers to join UAW
May 25, 2012 06:01 CET
A top German union official will explain to hourly employees at Volkswagen's U.S. plant in early June that his group will not pressure them to join the UAW union, the automaker's top labor representative said.... Read More »Asia
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BMW eyes new production sites abroad, reports say
8:01 am U.S. ET | May 18 2012
BMW is considering new production sites around the world, including eastern Europe, according to media reports on Friday. But a BMW spokesman told Automotive News Europe today that the company has no plans add a new factory in Europe.... Read More »
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Renesas plans to raise $1.3 billion, cut 10,000 jobs
6:34 am U.S. ET | May 25 2012
Renesas Electronics, the world's biggest maker of automotive microcontrollers, plans to raise capital of 100 billion yen ($1.3 billion) and cut more than 10,000 jobs, according to the latest draft of a restructuring plan, a person briefed on the matter said.... Read More »
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Jeep looks to put wind back in China sales, output
12:01 am U.S. ET | May 27 2012
Chrysler's Jeep brand has a strong global image connected to an adventurous lifestyle, but three decades of changing ownership have left it without a Chinese production base and missing out on surging demand for SUVs in the world's largest vehicle market.... Read More »
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FINAL ASSEMBLY
Fiat's Google gotcha: A 500 shows up at VW's front door
12:01 am U.S. ET | May 21 2012
Score one for Fiat in the sometimes whimsical, sometimes not, rivalry between the Italian automaker and Volkswagen. The two companies seem to taunt and tease each other like kids on a playground, especially in Europe. Check out Volkswagen's Swedish headquarters in suburban Stockholm on Google Earth and you'll see a Fiat 500 parked at the front door of the building.... Read More »
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