Auto Sector

German government demands guarantees from Opel investors

German government demands guarantees from Opel investorsBerlin - The German government has demanded that potential Opel investors preserve jobs and factories in Germany, the German daily Bild reported. "Every investor must strengthen Germany," Transport Minister Wolfgang Tiefensee said in an interview to be published Sunday. "Anyone who wants to close plants and cut jobs is not a suitable Opel partner," Tiefensee added.

German Economics Minister to meet Opel prospect Magna next week

OpelBerlin - German Economics Minister Karl-Theodor zu Guttenberg is to discuss a possible Opel bailout with auto components manufacturer Magna early next week, his ministry confirmed Saturday. The Austrian-Canadian car parts supplier Magna has expressed interest in a majority stake of the stricken General Motors subsidiary, alongside Italian car manufacturer Fiat.

"Magna is potentially an interesting partner," Guttenberg told German Spiegel news magazine. "Of course we will seriously check any involvement."

Guttenberg further criticised the objections to talks with Fiat being voiced by trade unions and the Social Democratic Party (SPD).

Skoda unveils face-lifted versions of the Octavia RS and Octavia Scout cars

Skoda unveils face-lifted versions of the Octavia RS and Octavia Scout carsYou will shortly see the face-lifted versions of the Octavia RS and Octavia Scout in the Indian Market. The manufacturer of luxury cars, Skoda Auto has unveiled updated versions of its Octavia RS and Octavia Scout cars.

The face-lifted versions of the Skoda Octavia RS and the Skoda Octavia Scout feature a slew of design changes and new technological solutions, such as an air quality sensor for the Climatronic air conditioning system and a new illumination system.

GM says Pontiac not gone yet; gets another 2 billion dollars

General MotorsWashington  - Reports that General Motors might kill off its muscled Pontiac line - Firebird, Grand Prix and Bonneville - pushed GM to nix the idea on Friday, at least for now.

GM is already working to shake off Hummer, Saab and Saturn as part of its belt-tightening ahead of the crucial June 1 deadline, set by the government for the country's largest car maker to attain viability.

GM received news this week that it would get another 2 billion dollars in loans from the US government to help it stay afloat until the deadline. The new infusion brings to

Audi to have 40 models by 2015; to launch its Q3 SUV in 2011

Audi to have 40 models by 2015; to launch its Q3 SUV in 2011 Audi will literally on a roll over the next few years - what with more than 40 of its models to be in the markets by 2015; and the new models to be lined up for their respective launches, one following the other! By this year-end, 32 Audi models will be available, inclusive of the lately-launched A4 Allroad, A5 and S5 Cabriolet, TTRS and the R8 V10.

Ford Motors reports 1.4 billion dollar loss: better than expected

Ford Motors reports 1.4 billion dollar loss: better than expected

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