Author: Automotive News n Feed

Avanti Motor Corp. unveils the Studebaker XUV at the Chicago Auto Show on Feb. 13, 2003. Avanti planned to use a Ford F-250 chassis and offer buyers a choice of two Ford engines: a 6.0-liter V-8 diesel or a 6.8-liter V-10 gasoline powerplant.

PSA says it’s in talks to buy Opel; Next Mitsu Eclipse to be crossover; New Lexus hybrid; Smart going all-EV in U.S., Canada; Chrysler’s starring role in Comedy Central series.

Daimler has struck an agreement with workers at Mercedes’s biggest transmission factory in Germany, under which work on electric vehicles will be based at the plant.

Daimler CEO Dieter Zetsche’s total pay including bonuses dropped 21 percent to $8 million last year.

Mitsubishi will resurrect the venerable Eclipse name in the new compact crossover it unveils at next month’s Geneva auto show, hoping to marshal memories of the popular sporty coupe that helped build the brand’s reputation for performance.

General Motors and PSA said they are discussing a potential sale of Opel to PSA as part of an initiative aimed at improving profitability and operational efficiency.

GM and PSA said they are discussing a potential sale of Opel to PSA. GM had a deal to unload its money-losing European division in 2009 before backing out at the last minute, saying its prospects there had improved.

PSA said it is discussing a potential acquisition of Opel from GM as part of a strategic initiative aimed at improving profitability and operational efficiency.

The European Commission said it had approved German plans for an EV charging network across the country.

Daimler is investing a double-digit million-euro amount into AutoGravity, a smartphone-based U.S. vehicle leasing and financing app as part of a broader push by the carmaker to build a digital platform for financial services.