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Camaro sales ahead of Mustang for 2011, so far

In the sales race between pony cars, the Chevrolet Camaro is beginning to leave the Ford Mustang in the dust. The Camaro has steadily outpaced the Ford Mustang for the first four months this year--the Camaro beat the Mustang by 2,672 sales in April alone. For the year to date, Chevrolet has sold 30,824 Camaros, compared with Ford's 23,599 Mustangs.

VW halts merger talk with Porsche

Volkswagen on Sunday slammed the brakes on merger talks with Porsche, just before the first meeting to discuss ways to bring all of the automakers' brands together under one entity. VW said that it made the move because it believes that Porsche doesn't have a solid plan for the merger. VW and Porsche announced the plan to hold merger talks on May 6.

Mercedes signs joint venture to build carbonfibre parts

Not to be outdone by BMW’s joint venture with the SGL Group to manufacturer commercially viable carbonfibre-reinforced plastic (CFRP) for the electric Megacity Vehicle, Mercedes has announced a joint venture with Japanese company Toray Industries to manufacturer and market its on CFRP automotive parts. The deal was signed in Germany today, with Toray taking a 50.1% stake, Daimler holding 44.9% and the remaining 5% being taken by other shareholders. The two companies started working together in March 2010, and while Toray has been working on the materials and moulding processes, Merc has designed the automotive parts and the technologies to join the parts together.