Headlines for Saturday, May 12, 2012

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Fisker fires back, rebuts expert's theory on garage blaze

4:59 pm U.S. ET | May 12, 2012
On Thursday, EV expert Jon Bereisa suggested to me that the Fisker Karma's cramped engine-bay packaging could have created conditions that led to a Texas garage fire that destroyed an owner's Karma.

Porsche drops plan for entry-level model, CEO says

May 12, 2012 11:46 CET
Porsche has dropped plans to build a two-seat vehicle that would have been smaller and cheaper than its Boxster model, CEO Matthias Mueller told a German newspaper.

Daimler, BMW vie for car-sharing lead in German capital

May 12, 2012 06:01 CET
Daimler is flooding Berlin with Smart cars to claim a greater share of Europe's burgeoning rent-by-the-minute urban auto market.

China automakers look overseas as local slowdown frees capacity

12:01 am U.S. ET | May 12, 2012
Ramped-up capacity by Chinese automakers during the heady days of 30-50 percent annual growth has bumped headlong into a domestic slowdown, and indigenous firms are now seeking buyers in far-flung corners of the world -- from Egypt to Ukraine to Indonesia.

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