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Fiat, Mazda to jointly develop roadster

Fiat Group and Mazda Motor Corp. plan to develop and build a new roadster for the Mazda and Alfa Romeo brands, the companies said Wednesday. Alfa will launch its version of the roadster in global markets starting in 2015.

May sales slide 4 percent on rising fuel prices, tight vehicle supplies

U.S. light vehicle sales dropped 4 percent in May--the first decline since August--as rising gas prices, inventory shortages, higher stickers and economic jitters curbed demand. The pace of sales last month--11.78 million units on an annualized basis--was the year's lowest and marked the first seasonally adjusted total below 12 million units in seven months.

Honda’s Insight for Europe revealed

  Honda Insight for UK undercuts the Prius [ad#ad-1] Last week at the Detroit Motor Show, Honda revealed its Prius-challenging Insight Hybrid, and has today revealed details on the UK/Euro version. The new Insight, which utilises a 1.3 litre petrol engine with 88bhp, coupled with a 14bhp electric motor to give a 0-60 of just over 12 seconds and 113mph, has very low Co2 of 101-105g/km (which means just £35 VED – but if only they’d shaved that a smidge it would have been a freebie) which is very creditable. Honda has the Prius firmly in its sights with this car, and it aims to comfortably undercut the Prius on price.