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During an informational visit by the Chinese carmaker BYD (Build Your Dreams), company chairman Wang Chuanfu and the CEO of Volkswagen Martin Winterkorn signed a memorandum of understanding in the area of electric mobility. The objective of signing a memorandum of understanding between the two...

Times Square in New York may be one of the most famous landmarks in the world, thanks to its stunning array of giant, lit-up billboards and location for the city’s world famous New Years Eve celebrations, but the area will be experiencing drastic changes in the near future as the local...

Conditions were ideal in Monaco for today’s race, with temperatures reaching 77 degrees and the competition close, but in the end there was one clear winner. However, some former heroes showed a return to form but sadly the reprise was not enough to clench the final win. Ferrari was finally...

The Chevrolet Beat has been paraded around the last several auto shows as the forerunner to the production Spark hatchback revealed at March’s Geneva Motor Show, which will sit just below the Aveo as Chevy's smallest car. In the past couple of months, spy photos of a Spark-styled but slightly...

General Motors received an additional $4 billion in loans from the U.S. Treasury late on Friday, while also reaching a cost-cutting agreement with the Canadian Auto Workers union ahead of a rumored Chapter 11 bankruptcy filing expected next week. This is in addition to the $19.4 billion already...

The contents of the bids for purchase of Opel submitted by Fiat, Magna and Ripplewood Holdings on Wednesday - and BAIC on Thursday - haven't yet been disclosed, but today the governor of the German state where Opel is headquartered said he thinks Magna's plan is the best for Opel. Though Hesse...

As the economy and car market continue to stagnate, it's becoming increasingly obvious that the bailout funds already paid to industry players like General Motors, Chrysler, and their financing arm GMAC, were just the tip of the iceberg. Today the Obama administration proved that point by handing...

Thoroughly modern yet pleasingly reminiscent of the original Mini, the latest generation offers a price, economy and handling package few can match. And today Mini decided to sweeten the deal with a pair of special editions in celebration of its 50th year of production. The names of the two new...

With confirmation Saturn is up for sale coming from General Motors earlier this month, a number of potential investors and buyers have come out of the woodwork recently and confirmed interest in the struggling brand. Two main groups include investment firm Telesto Ventures and Roger Penske’s...

Next year Volkswagen will launch a new petrol-electric hybrid version of its Touareg in its BlueMotion range but before that another version of the handsome SUV will get the environmentally conscientious banner. Just launched in Europe is the new Touareg TDI BlueMotion, which comes with a 225hp...

Questions about safety, affordability, ultimate value and even performance are all well-worn topics for fans of the Daimler-built Smart ForTwo minicar, but to date mechanical problems haven't been a hot topic - aside from balky transmissions. Now Daimler has decided to fix the problem by offering a...

The idea that plug-in hybrids aren't all they're cracked up to be isn't a new one. Carnegie Mellon University has even published a study that calls the technology inefficient and cost-prohibitive. Now it looks like Toyota may be in agreement, saying it doesn't expect more than 50,000 plug-in hybrid...

The U.S. Treasury, General Motors and the United Auto Workers have reached a tentative bargain on how they'll deal with changes to the current agreement in the face of the industry's problems and GM's increasingly probably bankruptcy. The details of the deal are being kept quiet until the local...

Only yesterday it was announced that former Chairman of Borden Chemical and of Duracell International, Robert Kidder, would preside over a restructured Chrysler as its new CEO, but already reports have emerged claiming Fiat has appointed three new directors for the struggling carmaker. In the lead...

General Motors’ RWD Zeta platform was pioneered in Australia for the locally built Holden Commodore sedan but right from the start Detroit had global intentions for the design. Today, Zeta running gear can be found in models sold in China, South Korea, the UK, and in North America, but GM has...

The symptoms of America's ailing carmakers don't recognize borders, and no nation is more keenly aware of that fact than Canada. That's doubly true after today's announcement of General Motors' planned closure of 42% of the company's Canadian dealerships. In all about 300 dealers will be shuttered...

ABT Sportsline is a long-time Audi tuner with very close ties to the German carmaker’s motorsport division. The firm was recently enlisted by Audi to help develop its R8 LMS race car and the experience gained from the high-level of engineering and testing that went into the car has now been...

A Paris court on Wednesday ruled against Ferrari, which last week requested an injunction against the FIA's budget cap rules for 2010. A one hour hearing was held on Tuesday at the Tribunal de Grande Instance, the equivalent of a high or crown court. In the media statement issued on Wednesday...

Nearly three weeks into Chrysler's bankruptcy and the global strategic alliance between Fiat and Chrysler comes news today that C. Robert Kidder - not Sergio Marchionne - will play the role of CEO for Chrysler after the bankruptcy. The news, which comes directly from Chrysler, contradicts a...

There are many things not to like about the motoring climate in Europe, not the least of which are emissions taxes, omnipresent speed cameras and a dearth of open roads. But there is much to like as well, including the truly inspiring factory custom rally cars like the Mitsubishi Evolution X FQ-330...