Berlin  - German motor industry supplier Continental Wednesday rejected a takeover offer from the Schaeffler Group, saying the bid by the family-owned bearing maker did not reflect its full value.

Berlin  - European vehicle sales plummeted 7.9 per cent in June, data released Wednesday showed, with Asian carmakers helping to lead the fall as surging fuel prices and growing economic concerns h

Ingolstadt, Germany - Audi has announced that its new compact SUV, the Q5, will be available in European showrooms by autumn 2008 with the basic model selling for 38,300 euros (60,000 dollars). 

Munich - BMW is planning to launch its fifth generation flagship 7-Series at the Paris Motor Show in October with a sleek design to make the car look narrower than its predecessor. 

Paris - Citroen has taken the wraps off its new C3 Picasso compact van that will be showcased at the Paris Motor Show in October this year and is scheduled for the European salesrooms in early 200

Stuttgart - The Porsche 356, which celebrates its 60th birthday this month, played a key role in making a remarkable success story out of a once small German engineering firm.