Audi to Invest €11.6 Billion in New Products, Technologies and Human Resources Over the Next Five Years

In the next five years, Audi will invest approximately €11.6 billion in new products and technologies, production facilities and human resources, the Ingolstadt based manufacturer announced today.

“With this investment, we are laying the foundation for sustained, profitable growth, and supporting our claim to leadership in the premium car segment”, said Axel Strotbek, Board Member for Finance and Organization of AUDI AG.

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Dodge Journey to be Sold as the Fiat Freemont in Europe

The Fiat Group, which currently owns a 20 per cent controlling stake in Chrysler, is planning to rebrand the Dodge Journey crossover to the Fiat Freemont in Europe, according to a report from Autoweek citing inside sources from the Italian company. The sources said the American automaker will stop selling the Journey in Europe and that the Fiat version, will get its world premiere at the upcoming Geneva Salon in March 2011 with sales set to start in June of the same year.

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Porsche Officially Confirms World Premiere of New Model at 2011 NAIAS

Earlier this month, we told you about Porsche spokesman Hans-Gerd Bode's interview with Bloomberg where he discussed the firm's plans to unveil a new model at the upcoming North American International Auto Show in Detroit (January 10 to 23). Today, the Stuttgart-based sports car maker made it official by announcing that it will be giving a new model its world debut at the Detroit Show. Porsche, however, did not release any information on the vehicle. Read more »

Top Gear's Christmas Special Cars go on Display at the World of Top Gear Exhibition in the UK

This year’s Top Gear Christmas Special saw Jeremy Clarkson, Richard Hammond and James May embark on their most dangerous challenge yet: following the path of the three wise men, which took them on a 1,200 mile (1,932 km) journey, from Iraq to Bethlehem. In classic Top Gear fashion, the TV show hosts completed the trip in a trio of specially modified cars. These vehicles are now on display in the World of Top Gear exhibition at Beaulieu, UK.

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Saudi Arabia Signs $500 Million Deal with Korean Company to Build Cars

The King Saud University (KSU) on Sunday announced a $500 million deal with South Korea's Digm Automotive Technology to set up Saudi Arabia's first car manufacturing company. The Saudi university recently made headlines with the Mercedes G-Class-based 'Gazal 1' (pictured above) after announcing that the SUV is heading for production.

The Saudi Press Agency reported that the university's investment arm, Wadi al-Riyadh Technology, will contribute 10 to 15 per cent of the financing for the new venture, with the South Korean firm providing 30 per cent, while the rest will be covered by investors.

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Ford to Expand Use of Start-Stop Tech in Conventional Cars and Crossovers

In a move to improve fuel efficiency across the range, Ford said on Monday it will introduce its new Auto Start Stop system, which is found today on the Fusion and Escape Hybrids and some Ford cars in Europe, to conventional cars, crossovers and SUVs in North America.

The system, which automatically shuts off the engine when the vehicle comes to a stop, is said to offer gains as high as 10 percent for some drivers, depending on vehicle size and usage, while also reducing tailpipe emissions to zero when the vehicle is stationary.

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Toyota Hilux Pickup Trucks Complete Antarctic Crossing

Roughly the same time when the Moon Regan Transantarctic Expedition used the highly specialized Bio-Inspired Ice Vehicle for an epic Antarctic crossing, Toyota also sent a fleet of four Hilux pickup trucks to the South Pole, as part of an expedition carried out by the members of the Indian National Center for Antarctic and Ocean Research (NCAOR).

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