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General Motors to kill Daewoo name in South Korea, switch to Chevrolet

General Motors Co., trying to position Chevrolet as a key global brand, is killing the long-used GM Daewoo name in South Korea and putting the Chevy bowtie on its cars there. The name GM Daewoo Auto & Technology Co., in use since GM took over the struggling South Korean automaker in 2002, will be phased out by the end of March. The new name will be GM Korea Co., the company said in a statement.

KTM halts production of the X-Bow two-seater as inventory grows

With sales well below expectations and 80 units reportedly unsold, Austrian motorcycle company KTM has temporarily halted production of the ultralight X-Bow two-seat sports car. KTM officials originally expected sales of 1,000 units a year. But that lofty goal is being scaled back to between 200 and 300 units a year.

MINI One Convertible launched plus MINI range revisions

MINI has launched the MINI One Convertible It’s at least five minutes since MINI hurled yet another model at us, so with a New Year upon us they’ve obviously decided to see if they can outdo the new model every month they announced in 2009 with the launch of the MINI One Convertible and a bunch of changes across the range to kick off 2010. The MINI One Convertible is the new starting point for a soft-top MINI and gets the same oily bits as the MINI One – a 97bhp 1.6 litre with a top speed of 114mph and a 0-60mph of a leisurely 11.3 seconds. You can also opt for the new ‘Minimalism’ trim level – only available on the MINI One – in either 75bhp or 97bhp forms.