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Daimler to build a fifth Mercedes-Benz model at its Alabama plant

Daimler AG said it will invest $350 million to produce a fifth Mercedes-Benz model at its factory in Vance, Ala., starting in 2015. The investment will create an additional 400 jobs at the plant. The company did not provide details about the additional vehicle.

Renault Sand'up concept

This is Renault's new Sand'up concept, developed by Renault Brazil and unveiled today at the 25th Salão Internacional do Automóvel in São Paolo. The modular 2+2 coupé can not only transform into a cabriolet, but it can also be used as a pickup by lowering the rear bench seat. As most pickups in Brazil are bought for their sporty image and not used for heavy workloads, but rather as an adventurous and fun vehicle, the car makes use of the rear passenger compartment by incorporating a mechanism that lengthens the cargo bed by up to 40cm to accommodate a range of objects.

F1 Budget Cap – No two-tier system says Ecclestone

Bernie Ecclestone says there will be no two-tier system in the F1 budget cap row [ad#ad-1] All eyes have gone off the stunning start to this year’s F1 circus with the news that Ferrari, Renault, Red Bull and several other teams have threatened to quit F1 next year in protest at the budget cap proposal and the two-tier system that appears to create. In a nutshell, the FIA – lead by Max Mosley – has imposed a £40 million cap on F1 team expenditure for next year (excluding driver costs, marketing costs and transport), but has said that teams who don’t adhere to the cap can still compete, but will be handicapped. Not surprisingly, the richer teams have objected and, on the face of it, it starts to look as if F1 as we know it is going to bite the dust.