California based advanced technology car maker Fisker Automotives is awareded $528 million Department of Energy loan to develop plug-in hybrid cars. The measure will help Fisker, which is Tesla's main rival, to create 5.000 jobs in total. Those jobs also will be saved in the domestic parts supplier companies. The first car will be called Fisker Karma, the second stage of the project will be called Fisker Nina.

The German government maintains its commitment to Magna Austrian-Canadian consortium in the sale of Opel by General Motors. This is despite the new improved and sweetened offer by RHJ International: a Belgian company. The news came from Economy Ministry spokesman.

Shanghai. January 8 (Gasgoo.com) - Chery Automobile has developed a new 0.8 litre turbocharged engine, which makes Chery the first Chinese automaker to develop a low emission engine with turbo-charging technology, Chinese media reported today.

December 2007…Bentley Motors has won a 2007 National Training Award for its creation of a new generation of managers at the company based in Crewe, Cheshire.

General Motors Corp. opened its first design studio in India on Thursday in an attempt to extend its presence in the country.

Worldwide Volvo Dealerships to Offer Customized nüvi 760

Due to automakers’ efforts to make safety equipment more widely available, the number of the cars considered the safest by U.S. insurance industry grew rapidly in the past year.

South Korean auto giant Hyundai could select a site by the end of the year to build a $400 mln car plant in northwest Russia, authorities in the Leningrad Region said on Thursday.

Antitrust regulator ordered Kia Motors Corp. to pay subcontractors and fined Hyundai Motor Co. for fair trade violations.

Porsche AG's CEO said Wednesday in an open letter that his business was no hedge-fund "locust" in an attempt to allay fears about what his company's likely takeover of fellow German automaker Volkswagen would mean.

Porsche AG's net profit for fiscal 2007 more than tripled with help from a revaluation of its 22 percent stake in Volkswagen AG and strong results from its core business.

BMW AG saw its sales up 13.2 percent compared with last year, the company said Thursday. The Munich-based company, whose brands include BMW, Mini and Rolls-Royce, sold 123,304 cars, compared with 108,897 in October 2006.