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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.

Porsche names new motorsports chief for North America

Jens Walther has been named president and CEO of Porsche Motorsport North America, the automaker said Friday. Walther, 41, will take over for Paul Ritchie, who has retired. Walther managed Porsche’s One-Make Cup program before his appointment.

First Sight: Daimler-BYD electric car design renderings leak out

Computer renderings of an electric car, being jointly developed by BYD Co., a Chinese battery and car producer that began making cars only less than a decade ago, and Daimler AG with more than a century of experience - were leaked for the second time this year. The car marks a critical juncture for the young Chinese carmaker based in the south China industrial hub of Shenzhen, just a stone's throw away from Hong Kong. It is also a key initiative in China, now the world's biggest auto market, for Daimler.