LONDON (AFP) - Lotus have set their sights on a top-three finish in this year's Formula One (F1) world championship after becoming the first team to unveil their car for the forthcoming campaign.
PARIS (REUTERS) - Government criticism of PSA Peugeot Citroen's planned cutbacks have weakened the French automaker and even left it vulnerable to hostile takeover bids, chairman Thierry Peugeot said in an interview with Le Figaro.
TURIN (REUTERS) - Fiat chief executive Sergio Marchionne will meet with trade union leaders on Aug 1 and likely provide an update about the Italian carmaker's plans, a source close to the situation said.
MILAN (REUTERS) - Free road tax, cheap petrol, cash rebates and even a free car. These are only some of the knock-down offers European automakers are offering in a brutal price war to try to lure the few consumers still buying cars in a deepening five-year slump.
(REUTERS) - Ford Motor told owners of the best-selling sport utility vehicle (SUV) in the United States (US) on Thursday to stop driving 2013 model Ford Escape with 1.6-litre engines immediately due to the risk of an engine fire.
BERLIN (REUTERS) - Volkswagen (VW) is considering launching a new bid for Malaysia's Proton as Europe's largest carmaker aims to tap growing South-east Asian markets in its quest for global dominance, sources familiar with the matter said on Thursday.
TOKYO (AFP) - Japan's Honda Motor said on Thursday it is recalling more than 320,000 vehicles worldwide because of a door lock defect.
PARIS (REUTERS) - Renault said former chief operating officer Patrick Pelata is leaving the French automaker more than a year after he gave up the No. 2 job over his role in a mishandled espionage investigation.
TOKYO (REUTERS) - Honda Motor started building a second production line at its Malacca plant in Malaysia on Thursday where it will build hybrid and small-sized vehicles as local demand grows for green cars, the Japanese automaker said.
DETROIT (REUTERS) - Mr Dan Ammann wants it understood he's not one of the grey-suited 'bean counters' who once dominated, and nearly destroyed, General Motors (GM).