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Akio Toyoda named Toyota president amid global crisis

Akio Toyoda, scion of Toyota Motor Corp.'s founding family and now its next president, will bring a U.S. perspective to the automaker as it battles falling sales and an unprecedented financial crisis. Toyoda, 52, will succeed current President Katsuaki Watanabe in June, the company said Tuesday, ending weeks of speculation.

First Chinese MGs built

By Jack Carfrae Motor Industry 27 March 2007 02:17 Today is an historic day for Nanjing Automotive as the first MG built outside Longbridge will leave the production line at Nanjing’s factory in China. Around 1000 visitors are gathering at the plant to join in with the celebrations, where the new, Chinese-built MGs will be on display (above). The first cars off the production lines are the MG TF and the MG 7, which Brits will remember as the MG ZT.

Mahindra XUV500 heading for Europe

Mahindra & Mahindra – India’s biggest SUV maker – is heading for Europe with the Mahindra XUV500 SUV. Mahindra & Mahindra are India’s biggest maker of SUVs, but are perhaps best known in Europe for the Ssangyong brand, but they’re on a quest to be major car player in the rest of the world, not just India. That quest is behind their acquisition of failing Korean car maker Ssangyong and the attempt to grab what was left of Saab from the liquidators.