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.
BEIJING (REUTERS) - Volkswagen said on Friday it had sold 1.3 million cars in mainland China and Hong Kong in the first half of the year, up 17.5 per cent from a year earlier.
MUNICH (REUTERS) - Cutting-edge technology in greener cars like General Motors' (GM) Chevrolet Volt and PSA Peugeot Citroen's 3008 HYbrid4 is unlikely to be shared in the alliance between the two firms, an executive from GM's Opel unit said on Thursday.
PRAGUE (AFP) - Skoda Auto, a Czech unit of the German giant Volkswagen, said on Thursday that it sold a record 493,000 cars in the first half of 2012, with a surge in China accounting for almost a quarter of the total.
(REUTERS) - The cost of lithium-ion batteries used in electrified vehicles could tumble by more than 70 per cent by 2025 as rising oil prices and stringent fuel economy standards push automakers to build more of these cars, according to a McKinsey & Co study released on Wednesday.
PARIS (AFP) - French automaker Renault on Wednesday said global sales in the first six months of 2012 fell 3.3 per cent year-on-year to 1.33 million vehicles, mainly due to poor business in Europe.
BRUSSELS (REUTERS) - European competition regulators will examine whether 43.7 million euros (S$67.8 million) of aid from German authorities gave sports car maker Porsche an unfair advantage, in breach of European Union (EU) rules.
BEIJING (REUTERS) - China's automobile sales growth lost further momentum as the country's slowing economy sapped consumer sentiment, with potential buyers even resisting big discounts and promotions from automakers such as Ford and Toyota.
TOKYO (AFP) - Japan's Mitsubishi Motors said on Wednesday that it would sell its sole European plant to a Dutch industrial group for 1 euro (S$1.60) in a deal that calls on the buyer to keep 1,500 jobs at the facility.
(REUTERS) - Lexus, the premium arm of Japanese automaker Toyota Motor, this fall is remaking its flagship LS-series sedan - the car that spearheaded the company's audacious assault 23 years ago on BMW and Mercedes-Benz in the upper luxury segment.