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Gert Hildebrand on his new challenge at Chinese startup, Qoros

Qoros Auto, a new start-up luxury automaker which launched in China late last year, is poised to take on the established German firms in the increasingly competitive luxury segment. The company was formerly known as Chery Quantum Auto Co. Ltd (“CQAC”) and is a 50/50 joint venture between Chery Automobile and Israel Corporation.

Audi Traffic Light Recognition could save you money

Audi Traffic Light Recognition system (pictured) could save you money In the never ending quest to reduce fuel consumption – and, by definition, emissions – car makers are looking for every angle that might help. And Audi has come up with a traffic light recognition system they reckon could be good for a 15 per cent fuel saving. Sadly, Audi’s traffic light system doesn’t work by changing the lights to green as you get to them, but it is able to work out traffic light sequences and help you plan ahead.

Ford's net profit slips to $1.65 billion for the third quarter

Ford Motor Co., hurt by accounting changes related to commodity prices, said third-quarter net profits fell slightly to $1.65 billion from $1.69 billion a year earlier. Pretax profits fell to $1.94 billion from $2.06 billion a year earlier. North American pretax operating profits were essentially flat from the year-earlier period at $1.6 billion.