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Carlos Ghosn's automaker mantra: Go big or you'll go away

Size matters in auto company survival, Renault and Nissan CEO Carlos Ghosn told an audience in Detroit on Tuesday. To cope with the escalating costs and scope of a global industry, successful automakers must complete a trifecta--be able to compete in every technology, every market and every segment, Ghosn said during a luncheon speech at the Detroit Economic Club “No 3 million-unit carmaker can make it,” Ghosn said, explaining why his Renault-Nissan alliance forged an alliance with Germany's Daimler AG. Competency in one or two of the three skills is not enough, and only very large companies can afford all three, he said.

Hyundai Veloster Turbo confirmed for UK

Hyundai Veloster Turbo confirmed for the UK Just the other day – ahead of the SEMA show – Hyundai’s US boss confirmed that the new Veloster will be coming as more than just a pedestrian coupe, with plans to launch the Hyundai Veloster Turbo in to the US. Hyundai UK were unable to confirm the UK would get the Velsoter Turbo at the time, but hot on the heels of the news overnight that Hyundai will take the Velsoter Turbo in Australia, we’ve had an email confirming the UK too will see the turbo version of the Velsoter on offer when it hits the UK in 2012. Which changes the whole game for Hyundai in the UK.

GM's Ed Whitacre meets the press in Web chat

General Motors' new front man, Ed Whitacre, remains a bit of an elusive figure in the car world. But at the very least, the former telecom honcho who's now the leader of the nation's largest automaker does like cars. “Oh yes,” he answered in response to that question during a Web chat on Tuesday, one of his first interactions with the media so far in his tenure at the helm of GM.