Global News

BMW to make 1.5M units of new modular engine a year

March 21 18:00 CET
BMW is developing a new family of modular gasoline and diesel engines – including the company's first three-cylinder unit – that will power up to 1.5 million of the automaker's cars a year, CEO Norbert Reithofer said.... Read More »
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RUSSIAN AUTOMOTIVE FORUM

Auto industry leaders in Russia eye brighter future

March 21 21:00 CET
Russia's car industry predicts a return to pre-crisis demand levels at around the middle of the decade, although concerns about local suppliers and the high cost of credit remain obstacles to growth.... Read More »
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Bosch aims to double sales at its auto division

March 21 21:00 CET
Robert Bosch GmbH plans to more than double revenue in its automotive technology division to 45 billion euros ($61.7 billion) within 10 years. The supplier sees opportunities in Asia's developing economies and in rising sales of electric cars.... Read More »
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Asia

Source: Prius won't be built in U.S. any time soon

12:01 am U.S. ET | March 22
Toyota has delayed plans to build the Prius in the United States, according to a source close to the decision-making. The economic downturn and the recall crisis have forced Toyota to reconsider its plans, the person said.... Read More »
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China
FINAL ASSEMBLY

BYD has grand vision of being BMOC

12:01 am U.S. ET | March 22
Take heed, Toyota. Volkswagen, be wary. Here comes BYD. The small but growing Chinese company has declared on its Web site that it will "become the world's largest automaker before 2025."... Read More »
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