Auto Sector

Ford Fusion Hybrid reportedly the most efficient electric car

Ford Motor Company has unveiled its new 2010 Ford Fusion Hybrid electric car – which, built with next-generation hybrid propulsion system, is claimed to be the most fuel efficient mid-size sedan in the US. The hybrid technology used in the Fusion allows it to run up to 47 miles per hour in electric mode.

Fed approval to GMAC for becoming a bank

The fraught automaker General Motors Corp's financial arm, GMAC Financial Services, has received approval from the US Federal Reserve allowing it to become a bank holding company. The Wednesday approval makes the auto lender eligible for financial relief under the $700 billion bailout of the US government, as well as receiving emergency loans directly from the Federal Reserve.

Last SUV from GM

Last SUV from GMEconomic recession has hit General Motors.

Exclusive VW Scirocco edition

Exclusive VW Scirocco editionWolfsburg, Germany - Volkswagen showcased a Scirocco "Collectors Edition" limited to a production run of 100 and featuring such exclusive details as a numbered steering wheel and a special certificate at the Essen tuning fair.

SUVs becoming leaner, smaller and greener

SUVs becoming leaner, smaller and greenerDetroit - Derided as fuel-guzzling "climate killers