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Sergio Marchionne warns of strife ahead in Europe

Fiat chief exec Sergio Marchionne today warned of troubled waters ahead as Europe's car makers prepare for a radical restructuring. Marchionne, who's the current president of trade body ACEA, said factory closures were looming and repeated his call for a concerted EU-wide response to overcapacity. He warned that national interest was blocking action to strip out excess capacity, caused after European new car demand crashed by 3 million in the past five years.

Mazda RX-8 gets an update – in Japan

Mazda has updated the RX-8 in Japan with new colours and extra equipment [ad#ad-1] Well, it does make sense to update your cars in your home market first, so the updates to the Mazda RX-8 for the Japanese market announced today are almost certain to come to UK cars before long. Just like the updates Mazda made to the MX-5 in Japan were followed by updates to the Mazda MX-5 UK spec car shortly after. Despite the fact that the Mazda RX-8 is not the best-selling car in the world, it does have an awful lot going for it.

Fiat's Montezemolo plans to quit as chairman, sources say

Fiat S.p.A. Chairman Luca Cordero di Montezemolo will quit as company chairman to go into politics, three sources close to the company said. Montezemolo is set to stay on Fiat group's board, as well as remain chairman of the company's Ferrari sports car subsidiary.