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UAW: GM, Chrysler may not need additional federal funds

UAW President Ron Gettelfinger said today that General Motors and Chrysler LLC may not need additional federal loans beyond the $17.4 billion approved by the White House. "If we can get by without more money, that's what we want to do," Gettelfinger told Automotive News in an interview at Solidarity House in Detroit. He said how well the money holds out will depend on sales volume this year.

EU cuts Co2 Targets to help Euro car makers

In an astonishing outbreak of common sense, EU negotiators last night agreed a deal to ease the draconian Co2 targets for EU car manufacturers. Originally, EU car makers had to meet the new regulations by 2012, but have now won a concession to hit 65% of target by 2012, 75% by 2013, 80% by 2014 and 100% by 2015. This scaling back of the targets was achieved after Germany objected to the original proposals.

BMW Mega City Vehicle (2013) and sports car news

The Vision Efficient Dynamics concept car is tipped as a potential addition to the MCV sub brand By Tim Pollard Motor Industry 03 June 2010 22:49 BMW's new Mega City Vehicle (MCV) will launch in 2013 and spawn a whole family of innovative, high-tech models – possibly including a production version of the Vision Efficient Dynamics concept car, according to the sales boss. Ian Robertson, board member for sales and marketing at the BMW Group, said the MCV would be the brand's first full series production electric car at launch in 2013.'It will be badged as a BMW sub brand - with a propeller badge and a separate name,' he said. 'We are in the final stages of deciding what that name will be and there are some exciting options.