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First details of new Volkswagen Golf revealed; GTi planned for Paris

Volkswagen has revealed the first details of its seventh-generation Golf--including a classy new interior--at a heavily cloaked press event ahead of the car's official unveiling in September in Berlin. The Golf, VW's perennial best seller, has raked in worldwide sales of more 29 million cars over 38 years of production. The new model, which is described as being up to 23 percent more economical than its predecessor, is planned to go on sale across Europe in November, replacing today's model, introduced in 2008.

Obama vows to help rebuild industry to compete, win

President Barack Obama on Tuesday vowed to hold U.S. automakers accountable for "bad practices" but promised to help create a "retooled, re-imagined auto industry." In remarks to a joint session of Congress, Obama gave a sobering assessment of the nation's ills--mainly economic--but said: "We will rebuild, we will recover, and the United States of America will emerge stronger than before." About midway through the speech, the president said: "As for our auto industry, everyone recognizes that years of bad decision-making and a global recession have pushed our automakers to the brink. We should not, and will not, protect them from their own bad practices.

Renault inaugurates Global Design Studio in Mumbai

On Wednesday this week Renault inaugurated their global design studio in Mumbai, India. The Renault Design India Studio is the sixth edition to Renault's international network of satellite design centres following those in Barcelona, Paris, Kihueng (Korea), Sao Paolo and Bucharest (Romania) and is the third to be inaugurated this year. Speaking at the inauguration, Patrick le Quement, Senior Vice President Design of Renault, said: "We started Renault Design India as an observational unit.