The year 2011 was quite an impressive year for Chevrolet: one out of every three sports cars in the United States was either a Camaro or a Corvette.

The Japanese automaker’s Toyota's third generation Prius has announced the official market debut in China with a starting price of 229,800 yuan ($36,508).

Ferrari, the stylish car maker is all set to launch the Ferrari F620 GT on 29 th of February, 2012 and is being claimed as one of the most powerful cars of present generation. The F620 GT will be a successor to the mighty 599 model of the company which turned out to be a huge success during its time. According to reports, the F620 GT will be powered with a V12 engine which will generate a maximum power of 720 PS. The engine will be mated to a seven speed dual clutch transmission gearbox.

Home grown car maker of India and manufacturer of the world’s cheapest car Nano, TataMotors, is all set to build an assembly plant for Jaguar and Land Rover in China. One of the top officials from Tata Motors said that they are waiting for the regulatory approvals from the authorities for the setup of assembly plant for Britain's luxury car models Jaguar and Land Rover. The senior executive of Tata Motors said that they will be soon making an official announcement in this regard. Chinese Market is reckoned as a key market for Jaguar and Land Rover. However, the economic changes that are recent in Europe has resulted in low sales of Jaguar and Land Rover in Europe.

"DETROIT -- General Motors CEO Dan Akerson and his wife, Karin, donated $1 million to start a Habitat for Humanity initiative called Leaders to ReBuild Detroit.

“What we can do is a drop in the bucket of what needs to be done,” Akerson said in a speech to about 100 at a school in which the community to be funded resides. “That’s why we wanted to get involved with this $25 million initiative that Habitat for Humanity started. We wanted to give it a jump start because we wanted to help others.”"

The Indian utility major Mahindra & Mahindra (M&M) is looking forward to assemble its products in Russia through the distributor of its South Korean subsidiary SsangYong in the coming years.

Ford Motor Co. will take the wraps off the Tourneo Custom concept next month at the Geneva auto show, a styling exercise that shows the design direction for the redesigned Ford Transit.

Confirmation came from Porsche the name of its new SUV as the Macan. Derived from the Indonesian word for tiger,

A joint venture between Japanese automobile manufacturer and Indian enterprise Honda Siel Cars India (HSCI) will soon come up with the diesel variant of its Honda Brio hatchback.

"To boost output of the VW Passat at its new plant in Chattanooga planned by Volkswagen AG, Tenn., by 13 percent and add 200 jobs.

The automaker will hike production of the redesigned Passat from 31 to 35 cars per hour. According to VW the new jobs will be integrated into the plant's current two-shift operation and be filled by full-time Volkswagen employees.

The plant is currently staffed with 2,000 Volkswagen employees and an additional 500 workers employed by Aerotek, the automaker's staffing partner."