Arab investment fund acquires 9.1% stake in Daimler

American carmakers aren’t the only ones in need of serious cash. Daimler AG was also in need of a quick injection of funds, but unlike its American counterparts the German auto giant has a number of investment groups lining up to acquire its shares. Top of the list is UAE’s Aabar Investments PJSC, which has [...]

First Volvo S80L long-wheelbase sedans roll off the line in China

Last November Volvo announced it would release a long-wheelbase version of the S80 sedan for the Chinese market, and today that car has begun sales. There are no expectations the car will be available outside of China, following a trend of other carmakers in building unique limos for the country.
The S80L is based on the [...]

Marchionne confident Fiat can help Chrysler

The Fiat-Chrysler partnership has been brewing since well before the economic meltdown and federal loan bonanza of late 2008, but it’s still taking shape as the carmakers find ways to work to their mutual benefit. Today Fiat CEO Sergio Marchionne reaffirmed his confidence that Fiat will be able to help Chrysler out of its hole.
In [...]

Spy shots: Citroen DS3 three-door hatch

At next month’s Geneva Motor Show Citroen will unveil a new concept designed to kick off the brand’s assault on the premium vehicle market. However, while most carmakers associate luxury with sedan bodystyles, Citroen will attempt to carve out its own niche as previewed by its upcoming DS Inside luxury hatch concept.
A new brand will [...]

Detroit 3 looking to Asia for brand sales

Tough times are a unifying theme of the economic and sales reports of the last six months, especially in the car industry. Finding ways to pull itself up by the bootstraps is proving harder than imagined by some, but the effort is pushing the Detroit 3 to consider a window of opportunity in Asia, where [...]

Spy shots: Citroen DS3 premium hatch

At next month’s Geneva Motor Show Citroen will unveil a new concept designed to kick off the brand’s assault on the luxury vehicle market. While most carmakers associate luxury with sedan bodystyles, Citroen will be taking a different route as previewed by its upcoming DS Inside luxury hatch concept.
A new brand will be established for [...]

Harman to supply Mercedes Benz with ‘hybrid’ navigation system

Carmakers are working closely with electronic component suppliers to develop a new generation of low cost navigation and infotainment systems designed for both vehicle and personal use. Renault recently launched such a system in its facelifted Clio hatch called the Carminat TomTom GPS and now Harman International has confirmed plans to supply a similar system [...]

Texas considering $5,000 tax credit for plug-in hybrids on top of federal incentives

With all the talk of the Environmental Protection Agency (EPA) reconsidering allowing states to implement their own fuel-economy emissions and regulations, and the negative flow on effects this would have on carmakers that would be forced to tailor cars to meet varying standards across the country, lawmakers in Texas have offered a glimmer of hope. [...]

Mitsubishi previews i MiEV Sport Air Concept ahead of Geneva debut

While the idea of an electric sports car is not a new one, mainstream carmakers have been slow to consider the proposition of a performance electric vehicle (EV). Niche carmakers like Tesla, Fisker and Lightning immediately spring to mind when one thinks of electric sports cars, but soon we may be able to add Mitsubishi [...]

Michigan representatives ask for $25B in new loans for auto industry

The first $13.4 billion in auto industry loan funds have been disbursed to General Motors and Chrysler, but already Michigan’s congressional representatives are seeking another $25 billion in industry loans. The funds would be targeted at suppliers and carmakers, with some funds set aside to help offset the unemployment attendant to the industry’s contraction.
The new [...]

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