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News Overview : July 18, 2007

Porsche will present new 530 Horsepower 911 GT2 at the Frankfurt Auto Show

Presenting the new 911 GT2 at the Frankfurt Motor Show, Dr. Ing. h.c. F. Porsche AG, Stuttgart, is proudly launching the most powerful 911 so far homologated for road use

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Mercedes takes the roof off its top sports model creating the SLR McLaren Roadster

The new Mercedes-Benz SLR McLaren Roadster combines high-tech from motor racing with  sophisticated atmosphere of a classic Gran Tourismo car

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Classic Ferraris compete in the Historic Challenge at Le Mans

The circuit of Le Mans was the stage of the third run of the Shell Ferrari Historic Challenge.

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Chrysler Dealer "Tamiami Automotive Group" Becomes First in the Nation to Achieve Esteemed Environmental Award

Ground was broken today for a facility that, when completed, will be the most environmentally-friendly automobile dealership in the country.

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New Beetle Owners from all over Europe parade at the Sunshine Tour along German Baltic Coast

The millionth Volkswagen New Beetle will run off the production line this summer. To mark the occasion, enthusiasts from all over Europe met on the New Beetle Sunshine Tour

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MCM Director Micheal Michalsky hosts after-show party at Friedrichstrasse in Berlin

Michalsky’s new collection is unveiled at a fashion show and after-show party on Saturday, 14 July in Berlin offering precisely this thrilling combination.

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Four GM vehicles became movie stars in "Transformers" and will save the earth

Transformers is a movie involving the battle between the heroic Autobots and the evil Decepticons, two warring factions of transforming robots from the planet Cybertron.

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Munich, Germany, witnesses the new Maserati GranTurismo at the Hotel Bayerischer Hof

Almost 700 guests were present at the grand ballroom at Munich’s Hotel Bayerischer Hof for the exclusive presentation of the new Maserati GranTurismo.

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Business News

A long story finally ends: BMW Group transfers shares in Tritec to DaimlerChrysler

In order to provide the BMW Group with small engines, especially 1.4 and 1.6 litre four-cylinder petrol engines, a joint venture with Chrysler was launched.

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As the first European Car Manufacturer Renault starts designing vehicles in its Indian Design Center in Mumbai

Renault Design India currently has 6 employees in post, 5 of whom are India nationals, and is looking to hire more high potential automobile designers.

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GM will invest 50 Percent in Equity Interest in VM Motori

General Motors Corp. announced it has reached a joint venture agreement with Penske Corporation to purchase 50-percent equity of VM Motori S.p.A, a designer and manufacturer of diesel engines based in Cento, Italy.

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Manufacturing News

Ford committed to invest €675 Mill. in Craiova Plant in Romania in case of winning the bid

Ford Motor Company would develop the Craiova manufacturing plant in Romania into one of the major facilities supporting Ford of Europe

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DaimlerChrysler Engine Plant in Bad Cannstatt, Germany, celebrates tenth Anniversary

The Bad Cannstatt plant was inaugurated in April 1997, following a mere 18 months of construction, in the presence of Erwin Teufel, then Premier of Baden-Württemberg

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Elke Eller to become Board Member for Human Resources and Organisation at Volkswagen's Financial Services AG

Elke Eller (44) has been named as the new Member of the Board of Management with responsibility for Human Resources and Organisation at Financial Services AG

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Frank Stephenson is the new head of Alfa Romeo Style

Frank Stephenson is the new Alfa Romeo Style chief and will report directly to Lorenzo Ramaciotti, head of Style for all Fiat Group Automobiles and Maserati brands.

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