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Volkswagen chief: No. 1 in the world by 2018

Volkswagen chairman Martin Winterkorn reaffirmed his company's ambitious and audacious goals on Wednesday night on the eve of the Paris motor show: pass Toyota and General Motors for the title of world's largest automaker in 2018. Winterkorn was the final speaker after an event that featured unveilings from each of the German conglomerate's brands. He said his company wants to record total sales of 10 million in eight years, which would vault it pass the current levels of global leaders Toyota and GM.

Ford testing self-parking cars – with or without a driver (video)

Ford testing self-parking cars – with or without a driver It seems we’re heading to the point where cars can do more and more for the driver, and fully autonomous cars seem to be less than a decade away. On the way to the fully autonomous car, car makers will be offering stages on the way as the ability of cars to be self-controlling moves along, and Ford are heading in that direction with their new systems for parking and obstacle avoidance. Ford are running prototypes with Fully Assisted Parking, a system that manages to sense a space, control the steering, gearbox and brakes to park the car at the touch of a button, even if the driver isn’t actually in the car.

GM looks for new product boss

General Motors is about to get another product boss. The question is, who? Vice chairman Tom Stephens will move to the freshly minted position of chief technology officer for GM on Feb.