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Daimler-Renault alliance to delay new Smart and Twingo models, report says

Renault SA and Daimler AG, who are sharing technology to build the new Smart ForTwo and Renault Twingo cars, will delay the introduction of the models by a year, according to a French newspaper. The cars will now come to market in 2014 instead of 2013, La Tribune said, citing industry sources. The next ForTwo and the third-generation Twingo will be built on Renault's A platform, with ForTwo production continuing at Smart's plant in Hambach, France, and Twingo output at Renault's Novo Mesto factory in Slovenia.

Mitsubishi Evo X world premiere

By Damion Smy Motor Shows 15 October 2007 02:48 What do you mean, world premiere? Yes, we weren’t quite sure either but the Australian International Motor Show was in fact the world premiere of the new Mitsubishi Evo X. No, not Frankfurt to build sales in the European markets, or Tokyo where the car is a Japanese legend, but Sydney.

Ford posts record first-quarter profits

Ford Motor Co. said first-quarter net income increased 15 percent from a year earlier to $1.61 billion, as rising U.S. auto sales pushed North American profits to a record, offsetting deeper losses in Europe.