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More on Alfa Romeo's rear-drive strategy

The revised Alfa Romeo plan that Fiat CEO Sergio Marchionne is expected to announce next April focuses on a new, still unnamed rear-wheel- and all-wheel-drive architecture. A key aim of the new plan is to boost Alfa's global presence. "With our current segment coverage and our geographical footprint, we compete in about 5 percent of the global market," Alfa's European boss, Louis-Carl Vignon, said in an interview.

Chevrolet Bids Farewell To Europe

AMERICAN car giant General Motors has made a surprise announcement that from 2016 its Chevrolet brand will be no more in Europe. The company has stated that it wishes to concentrate on long established brands Opel and Vauxhall instead. All is not lost, as GM will keep what it says is its ‘iconic’ models such as the Corvette, while the firm intends to focus attention on its traditional American luxury brand Cadillac ahead of a greater European push in the next few years.

2012 Mercedes-Benz SLK revealed

Following its premature unveiling in a French-language marketing video late last year, Mercedes-Benz has now issued official photographs of the new SLK. Set to make its debut at the German carmaker's 125th birthday celebrations in Stuttgart at the end of January--prior to North American sales beginning this summer--the popular two-seat roadster was thoroughly re-engineered with a new rear-wheel-drive platform and more contemporary engine and gearbox combinations. The car will make its auto-show debut in Geneva.