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Americans plan to keep their cars longer, AutoPacific study finds

In another chilling sign that auto sales are likely to remain stalled, a new study finds that Americans intend to keep their cars longer, indicating a general concern about the industry and the overall economy. The number of new-car buyers planning to keep their rides more than four years has risen to 59 percent, according to a study released Tuesday by California marketing research firm AutoPacific. That's an increase from last year, when about 45 percent of new buyers intended to wait more than four years for their next purchase, and it's up from 2005's tally of 46 percent.

Daimler, Renault are set to share vehicle platforms and engines

Following a year of intensive high-level talks and secretive, behind the scenes strategy meetings, Daimler AG and Renault SA have agreed on plans that will see their car-making divisions--Mercedes-Benz, Smart, Renault and Nissan--share resources on a wide range of products. The move signals more consolidation within the European automotive industry. Daimler chairman Dieter Zetsche and Renault president Carlos Ghosn have set out three primary areas of cooperation that will see the carmakers share small-car and light-commercial-vehicle platforms, small gasoline and diesel engines, and electric drive systems.

VW will build small run of XL1 plug-in hybrid

Volkswagen will begin production of its XL1 plug-in hybrid in two years. "We want to go into series production with this car starting in 2013," VW chairman Ferdinand Piech told Automotive News Europe on Tuesday at an event in Doha, Qatar, ahead of the 2011 Qatar auto show where VW unveiled an XL1 prototype. (a href="http://www.autoweek.com/article/20130221/GENEVA/130229972">Read the latest update here announcing the XL1 hybrid's Geneva Auto Show debut).