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News watch May 2011: today's auto industry news

Come to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourTuesday 31 May 2011 • Canada will look to sell their 1.7% share in Chrysler to Fiat, but will be biding their time to see what the US goervment obtain for their own share first.  (autonews.com)• Nissan's St Petersburg, Russia assembly plant will shut down for five days due to lack of engines. The plant, which builds the X-Trail, Murano and Teana midsize saloon models, receives its engines from Japan.

Hertz Lotus Hire in Italy

Hertz are now offering the Lotus Elise SC for hire in Italy Hertz and Lotus have the answer – drive a Lotus Elise to show the Italians they’re not the only ones to make a cracking two seater (and a lot cheaper). Hertz has teamed up with Lotus to offer a fleet of bright yellow Lotus Elise SC at select outlets throughout Italy from the middle of this month. True to say you could probably have hired yourself a Lotus before to trolly round Italy, but with a big car hire company like Hertz in on the plan you can be pretty sure there will be a lot of takers.

GM considers flagship sedan for Cadillac

Cadillac is considering a large, flagship sedan to take on the Mercedes-Benz S-class and BMW 7-series, a top General Motors official says. Mark Reuss, GM's president for North America, told Automotive News last month that a new flagship is on the table as GM maps its go-global strategy for Cadillac. A flagship would be a continuation of how GM has been positioning Cadillac's lineup to go head-to-head in each segment with BMW, Mercedes and Audi.