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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.

New Saab 9-5 Revealed

The new Saab 9-5 (2010) will launch at Frankfurt in September The new Saab 9-5 is very overdue. The current model is now 12 years old, and long due for replacement. But GM’s problems and now Saab’s takeover by Koenigsegg have conspired to delay the new 9-5, but it now looks clear that it will launch officially at Frankfurt in September.

R8 e-tron electric supercar will be built, Audi says

The Audi R8 e-tron is back on: Audi has backtracked on an earlier decision to cancel production of the zero-emission supercar and will now push ahead with small-scale production two-seater, Autoweek can confirm. The decision is part of a number of sweeping changes made to Audi's research and engineering operations since the arrival of its new head, Ulrich Hackenberg. Citing recent advances in lithium-ion battery technology that has reportedly increased its range from an original 134 miles to close to 250 miles, high-ranking insiders at Audi's headquarters in Germany suggest the R8 e-tron will now go into limited production during the latter half of 2014.