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Chrysler to build ZF's eight-speed transmission in Indiana

The Chrysler Group plans to spend $300 million to build a new eight-speed automatic transmission licensed from ZF Group, a transmission maker headquartered in Friedrichshafen, Germany. The investment will pay for installation of special tooling and equipment at Chrysler's Transmission Plant 1 and Kokomo Casting Plant in Indiana and help retain 1,200 jobs there, Chrysler said Wednesday. Production will start in 2013.

Mazda 3 hatchback (2013) at Frankfurt motor show

The Mazda 3 is back: lighter, more eco-friendly and supposedly better to drive than ever, promises Mazda. Brought up-to-date with Mazda’s new ‘Kodo’ design style from the 6 saloon and CX-5 crossover, the new Mazda 3 is a handsome hatchback, and boasts a far superior cabin to its predecessor. Is that enough to shoehorn buyers out of the VW Golf and Ford Focus? Get the full CAR story here.

Reports that General Motors will sell Opel dismissed as 'nonsense'

German press reports that General Motors Co. is putting its European unit Opel/Vauxhall up for sale were dismissed as speculation by the division and as "nonsense" by a German state with an Opel factory. The magazines Auto Bild and Spiegel reported that GM is considering putting Opel up for sale as management is losing confidence that its European arm will return to profitability.