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A wealthy Swedish family is rumored to be the latest bidder interested in buying a carmaker from Ford’s Premier Auto Group (PAG). After previously being considered for purchase by BMW, Volvo is once again tipped to be on sale, this time to the Wallenberg family. The Swedish family has control...

Toyota’s new three-door Auris hatchback has been launched in Europe, a car that will eventually be sold in other markets as the Corolla hatch. The three-door model offers similar levels of interior space to the five-door thanks to the identical 2.6m wheelbase, and comes standard with...

Chrysler and its joint-venture partner Getrag have built a $530 million gearbox plant in Indiana to build up to 700,000 dual-clutch transmissions per annum starting in 2009. Chrysler will be paying the 1,070 workers at the new plant, which will mean that it will have exclusive rights for every...

German tuner Novitec definitely had a tough task on its hands when asked to improve the performance and styling of one of the best looking saloons on the market. However, it did have a few major accomplishments under its belt to back it up. These are, after all, the same guys that had the guts to...

To celebrate 25 years of being an authorized manufacturer, Germany’s RUF has released special edition versions of its 3400K Coupe and Roadster. Based on the regular Porsche Boxster and Cayman, engineers boost the power of the 3.4L flat six with the aid of a supercharger to improve performance...

The maker of some of our favorite performance wheels, BBS, has been sold to Belgian holding company Punch International. Though full details of the acquisition are yet to be finalized, some employees will be losing their jobs in an effort to turnaround the rim manufacturer’s poor financial...

PSA Peugeot-Citroën and Chinese carmaker Hafei today signed a memorandum of understanding to start a feasibility study of a 50-50 joint venture creation. The new venture will manufacture a range of small people movers for the Chinese market with the cars constructed at Hafei's plant in Shenzhen...

The Audi TT is a favorite at Abt Sportsline, so it’s not surprising that engineers have left no model in the TT family untouched. The tuner is also heavily involved with the German Touring Car Championship and it has used the knowledge gained from racing to develop its latest line of...

European Council members met yesterday at a meeting in Luxembourg and have voted unanimously in favor of cutting fleet average carbon-dioxide emission levels for cars sold in Europe to 120g/km by 2012. "This sends a clear message to the car industry that current efforts to reduce emissions must...

Holden’s hot-rod Efijy concept car has taken top honors at the 2007 North American Concept Car of the Year awards held in Michigan’s Automotive Hall of Fame last week. The car was picked from a field of the 34 of the world’s top concept cars by a panel experts, with most cars...

Motorsport's governing body, the FIA, has unveiled a list of proposed changes to Formula One’s technical regulations that it would like to see implemented by 2011. The changes are part of a push by the FIA to make F1 more road-relevant, eco-friendly and cost-effective. The FIA published a...

Volvo has released a range of performance and styling enhancements for its C30, S40 and V50 wagon, which are due to go on sale by the end of the year. Labeled R-Design, the new kits replace Volvo’s current Sport trim levels and is similar to the S-line packs offered by Audi. Additions to the...

Following the reveal of the new 1-series Coupe in spy shots earlier today, BMW has just released an official press release with more details about the car. The flagship of the range is the BMW 135i with its 3.0L twin-turbocharged petrol powerplant. Offering 306hp and 400Nm of torque from its light...

A near-production test-mule of Ford’s upcoming Flex crossover has been spotted testing, which reveals that designers have created an almost exact copy of the concept car (pictured), which appeared at April’s New York Auto Show. The only major difference will be a slight alteration to...

Fiat will launch several new models over the next couple of years, including a new B-segment car, a midsized crossover and a redesigned Panda hatch. The first of the new models will be a small hatch that’s rumored to revive the ‘Uno’ badge in Western markets. The Uno will utilize...

Volvo won’t be dropped from Ford’s Premier Auto Group (PAG) despite reports that other carmakers included BMW were interested in its acquisition. The same can’t be said for the Jaguar and Land Rover brands, which are likely to be sold off in an effort to raise funds for...

Porsche boss Wendelin Wiedeking has denied rumors that there’s a new Porsche SUV in development positioned below the Cayenne. Speaking at the general meeting in Stuttgart on Tuesday, Wiedeking said that there will be “no baby Cayenne” and that all focus is centered on the...

Germany’s Lumma Design has released a set of preliminary sketches of its performance pack for BMW’s E92 Coupe, with the debut of the first production version likely to coincide with the release of the new M3 at Frankfurt in September. Lumma’s previous works such as the CLR 600 and...

Volkswagen has revealed details about some of its upcoming technologies planned for its cars, with most of the spotlight centered on more eco-friendly engines. First up is a new Combined Combustion System (CCS) engine technology. Similar to diesel units, CCS mixes the fuel and air 'homogeneously'...

James Glickenhaus tells us the story behind one of the most expensive Ferraris ever created and boasts a couple of reasons why his P4/5 is better than the Enzo it’s based on. This video is worth it for the inside look at Glickenhaus’ garage and his personal collection of cars...