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Auto makers defy crisis at IAA motor show

Clouds may be gathering over the global economy, but auto makers are revving up to try and dispel any gloom with nearly 90 new models at the world’s biggest motor show, the IAA. With more than 1,000 exhibitors from 32 countries crowding into 235,000 square metres (23 hectares) of the…

BMW launches new electric/hybrid brand

FRANKFURT – The German luxury carmaker BMW unveiled on Monday its long-awaited new brand, BMW i, with two new models to be equipped with electric and hybrid drive systems from 2013. The group is also creating a venture capital unit to offer mobility services such as car sharing and navigation…