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BMW, Daimler experiment with upscale rent-by-the-ride

Two European luxury brands are tiptoeing into car sharing, a radical move for carmakers whose business for the past 100 years has been selling to individuals. German archrivals Daimler AG and BMW AG have launched sharing programs. The automakers say the move was prompted by changing attitudes about car ownership, especially among young buyers, and increased urban congestion.

Citroën Technospace concept

Citroën has revealed its new Technospace concept ahead of Geneva, which previews the new C4 Picasso. The compact MPV concept – which measures in at 4,430mm long, 1,830mm wide and 1,610mm high – debuts next month in Geneva and appears to be a near-production version of the next C4 Picasso, with Citroën confirming it will be on sale by the end of the year. In comparison to the outgoing C4 Picasso, it shares some recognizable characteristics like the large windshield curving into the roof, together with the four-light greenhouse with blacked-out pillars.

U.S. car sales jump 20% in August

UPDATED -- U.S. auto sales--led by Honda Motor Co., the Volkswagen Group and Toyota Motor Corp.--jumped 20 percent last month for the strongest monthly pace in three years. The Detroit 3 also posted double-digit sales gains for August, signaling the auto industry's recovery remains solidly on track despite sluggish economic growth, rising gasoline prices and widespread consumer uncertainty.