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IndyCar, Dallara reach cost cutting agreement


The IZOD IndyCar Series has reached an agreement with Dallara that will reduce costs for its teams. The deal sees an extension of a parts reduction initiative until March 15, 2014. Dallara in 2012 agreed to reduce the cost of parts by 14 percent through the end of the 2013 season, so that deal runs another six months to get teams ...
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GM targets investment grade credit rating this year, CEO says
GM aims to achieve an investment grade credit rating this year and to have all five of its business units post profits or break-even by 2015, CEO Dan Akerson said. The ...
Daimler CEO vows to make Mercedes-Benz No. 1 premium carmaker by 2020
Daimler CEO Dieter Zetsche aims to put bring the Mercedes-Benz luxury brand back to No. 1 ahead of Audi and BMW by 2020. In an interview with German newspaper Boersen-Zeitung, Zetsche ...
Peugeot and Renault’s French plants affected by strikes
Renault and PSA Peugeot Citroen plants were both hit by strikes on Thursday as workers protest planned cost cuts. French carmakers want to cut costs and boost productivity because of slumping ...
Report: Jaguar and Land Rover to share platforms
Jaguar and Land Rover plant to share platforms in the future as the two luxury carmakers owned by India's Tata Motors want to make economies of scale. According to Autocar, the ...
GM targets $500 million in cost savings, plans job cuts in Europe
General Motors aims to reduce costs by $500 million between 2013 and 2015 and plans to make further job cuts in Europe. The move is part of GM's plan to break ...
Report: Daimler targetting €1 billion in reduced costs
Daimler AG plans to cut its annual costs by at least €1 billion ($1.32 billion) to adapt to Europe's crisis-hit auto market. An unnamed source familiar with the matter told Bloomberg ...
Impact: GM to close Opel Factory in Germany?
General Motors Co. is preparing to disclose "horrendous" fourth quarter losses out of its European Opel/Vauxhall unit. Steep losses may now result in factory closures and layoffs, including the Opel ...
Report: Opel to cut hundreds of jobs in Germany
General Motors' European subsidiary is planning to cut hundreds of jobs in product engineering in Germany, Automotive News Europe announces. The cuts are requested by GM, which is increasingly pressuring Opel ...
Gas Prices to Drop in Coming Months, Oil Price below $100/Bbl
The sharp slump in oil prices over the last few months is finally beginning to bring relief at the gasoline pump, with the price of a gallon of regular gasoline ...

latest automotive news
Test Drive: BMW X1 xDrive18d Sport Line – The Sleepwalker
The BMW X1 has been in production since 2009, offered as a 2010 model year, but the crossover has “suffered” ...
Renault and Nissan Introduce Modular-Production Strategy
Renault and Nissan will introduce a modular-production strategy as the two companies aim at reducing costs by manufacturing more vehicles ...
GM Expects to Sell More Crew-Cab Version of the 2014 GMC Sierra
GM said it expects to sell more crew-cabs versions of the new 2014 GMC Sierra, as they are more expensive, ...
GM Says Its New Sierra and Silverado Pickups Exceed the F-Series in Fuel Economy
GM says that the new GMC Sierra and Chevrolet Silverado engines will surpass Ford’s F-Series in fuel economy. Both the GMC ...
Another Chinese City Imposed Vehicle Quotas
Shijiazhuang, one of the most polluted cities in China, announced it will limit vehicle ownership, as traffic congestion and the ...
Porsche Lawsuit Might Have Been Assigned to Cartel Court in Germany
According to an anonymous source, a German court assigned to a court specializing on cartel matters the investor lawsuit seeking ...
India slams F1 race demise rumours
Jun.19 (GMM/Inautonews.com) The promoter of the Indian grand prix on Wednesday slammed rumours the race may fall off the ...
Lauda didn’t know about secret tyre test – report
Jun.19 (GMM/Inautonews.com) Niki Lauda only knew about Mercedes' secret tyre test at Barcelona in May once "the wheels were ...
GM Breaks Ground of New Cadillac Plant in China
Today, June 19th, GM broke ground to a new Cadillac plant in China, targeting luxury buyers in the region. Although luxury ...
Jaguar Land Rover Sets Goal of 1M Sales by the End of Decade
Jaguar Land Rover plans to reach global sales of 750,000 units and even 1 million units until the end of ...
Lotus’ new co-owners won’t ‘sit idly’ – report
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PSA Peugeot Citroen Might Build Vehicles in Belarus
Dmitry Klevzhits, Director of the National Agency of Investment and Privatization (NAIP) of Belarus, said that PSA Peugeot Citroen might ...
Dacia Launches the Lodgy Minivan in Denmark
Dacia has introduced the Lodgy minivan in Denmark, the latest market in western Europe for the brand. Earlier this year Dacia ...
Ford Plans to Double Engine Production in the Chinese Market
Ford plans to double engine production in the Chinese market, according to CEO Alan Mulally. Ford will manufacture 750,000 engines annually ...
GM Will Not Make Further Investments in Peugeot
GM recently announced it does not plan to make further investments in its struggling partner PSA Peugeot Citroen. "We don't have ...
Recall roundup: Tesla Model S
Tesla has recently announced a recall for a number of Model S sedans, because of a potential problem with a ...
[VIDEO] Aston Martin Vanquish Volante gets first video presentation
The British based automaker Aston Martin has recently released the first video presentation with the brand new Vanquish Volante. After it ...
Spied: RHD Ford Focus facelift
The facelift version of the Ford Focus has been recently spotted testing, in right-hand drive, on a mountain road, with ...