Renault is betting heavily on the success of its electric vehicle range. Despite a slow start for the French brand's new battery-powered models, Thierry Koskas, Renault's EV project director, stands by an earlier forecast that EVs will represent 10 percent of all cars sold in Europe by 2020.
Ford's head of manufacturing in Europe, Mike Flewitt, has left after just five months in the job. His successor is Jeff Wood, who had been director of manufacturing for Ford's North America vehicle assembly operations.
Auto legend Carroll Shelby died last night at Baylor Hospital in Dallas at the age of 89. After a successful career as a race driver was shortened by a health issue, Shelby turned automaker in the 1960s.
Tesla Motors, the electric-car company led by Elon Musk, is using the last of its $465 million in federal loans and plans to start repaying them by the end of the year, the first startup to fulfill requirements of the criticized program.
Carroll Shelby finally lost the grudge match against his own human frailty. His heart gave out in his thirties. He should have died in the '50s when he was racing Aston Martins in Europe, popping nitro glycerin capsules under his tongue each race. But he didn't die -- not for another half-century.
Ally Financial, the former GMAC financing company that provides loans to auto dealers and car buyers, is poised to sever its Residential Capital mortgage unit in a pre-arranged bankruptcy filing that could come as soon as Sunday.
When engineers at Cadillac built the ATS sedan, they knew that they were competing with some of the best products on the market, such as the BMW 3-series, the Audi A4 and the Mercedes-Benz C-Class. They paid special attention to curb weight to help meet their performance goals.
Volkswagen Group said global deliveries rose 6 percent in April and 8.9 percent in the first four months, but warned that it expects growth to slow down for the rest of the year due to the European market slump.