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Auto Industry Tracker
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News and updates about car makers, including coverage of major auto shows
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Slideshow: New Models at Frankfurt Show
Auto makers showed off future and current models in a bid to kick start sales amid a slowly improving global economy. Many were looking years down the road by unveiling their latest electric models that are designed to go faster and farther. Click inside to see the images.


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Ferrari, Maserati Defy Recession With New Models
Luxury sports car maker Ferrari unveiled the 458 Italia at the Frankfurt Motor Show on Tuesday, its latest model for drivers rich enough to avoid having the recession curb their spending habits.


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Fiat Chairman: Too Early to Show New Chrysler Models
Fiat's chairman said Tuesday he didn't know when Chrysler would have a new model to show at a European motor show. "For the moment it's too early to say," Luca Cordero di Montezemolo told reporters while inspecting the Fiat stands at the Frankfurt auto show.


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VW Looks to Get Even Bigger
Ferdinand Piech, Volkswagen AG's powerful supervisory board chairman and former chief executive, said Monday that Europe's largest auto maker by sales might pursue adding another two brands to its line-up after the takeover of Porsche Automobil Holding SE's core sports-car operations is completed.


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GM’s Statement on Opel/Vauxhall
General Motors confirmed that it will sell a 55% stake in German unit Adam Opel and its U.K. sister company Vauxhall to Canadian car-parts maker Magna International and Russian bank OAO Sberbank. Read the text of the GM announcement.


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Ferrari Web Site Spins Out
Ferraris Web site crashed this morning after fans rushed to download newly released pictures of its latest model: the 458 Italia. While Ferrari.com says its taking a pit stop, the photos are inside.


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GM Has High Hopes for Asia After Bankruptcy Exit
Following GM's exit from bankruptcy protection on Friday, the outlook for getting new financing and moving forward expansion in Asia has improved, Executive Vice President of GM International Operations Nick Reilly said.


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GM Bailing Out of Its Corporate Jets – Yes, Those Jets
As part of its bankruptcy restructuring, GM is looking to get rid of seven corporate jets -- including the one that sparked heavy criticism from Congress.


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Indiana Funds, Chrysler File Appeals Briefs Over Sale
A group of Indiana pension funds said Thursday that the sale of the bulk of Chrysler LLC's assets should be blocked because the U.S. government has overstepped its authority in helping orchestrate the deal.


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GM to Keep Five Members on Current Board
GM Chairman Kent Kresa said Monday he will keep five current members of the board of directors, and said that the Obama administration has final say on who will fill out the new board.


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