
Fiat CEO Sergio Marchionne reiterated that Alfa Romeo will not be sold but said he remains open to forming alliances with other carmakers if it helped cut costs, especially in Europe where sales have been moribund for years.

Fiat CEO Sergio Marchionne reiterated that Alfa Romeo will not be sold but said he remains open to forming alliances with other carmakers if it helped cut costs, especially in Europe where sales have been moribund for years.

By 2020, Daimler will invest €1.5 billion (US$2 billion) at the Mercedes-Benz Cars Sindelfingen Plant and will significantly improve its competitive position.

Mercedes-Benz has confirmed the pricing for its new S-Class Coupe, which will arrive in the UK in September.

The UK Government has announced new measures that give the green light for driverless cars to take to UK roads from January 2015. UK cities can now bid for a share of a £10 million competition to host a driverless cars trial and the Government is also calling on cities to join together with businesses and research organisations to put forward proposals to become a test location.

Ssangyong has announced two models to celebrate 60 years since the company was founded in 1954.