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Chery not interested in acquisitions

China's Chery plans on increasing its global footprint without resorting to acquisitions. "We are open for cooperation as always, but fundamentally, we have consistently organically grown our markets by our own capability and sometimes with cooperation," said CEO Chen Anning.   

 15h

Ariel working on 1,180-hp electric hypercar

British company Ariel is hard at work on an electric all-wheel drive model that will boast at least 1,180 horsepower, Autocar reports. It will be capable of sprinting from zero to 100 mph in 3.8 seconds -- no, that's not a typo. Production is tentatively scheduled to begin in 2020.   

 16h

Mazda highlights how fourth-gen Miata was born

Mazda has shed insight into how it designed the fourth-generation Miata, including sketches of early design studies. The roadster could have gotten a more expressive design, but it also could have received a pure, retro look inspired by the first-generation model.   

 17h

Nissan previews new Leaf's tail lights

Nissan has released a teaser image that shows the new Leaf's tail light, though we've already seen them thanks to amateur spy shots. The second-generation model will be fully unveiled on September 5.   

 18h

Audi developing solar roof for cars

Audi has teamed up with China-based Alta Devices to develop solar panels which can be integrated into a panoramic glass roof. The energy generated will be used to charge electric cars. Audi hopes to start production at the end of the year.   

 19h

Jeep could revive Scrambler nameplate

The pickup version of the next-generation Jeep Wrangler could revive the Scrambler nameplate, according to enthusiast website JLWranglerForums. The name was last used in 1985 on Jeep's last body-on-frame truck, the CJ-8 Scrambler.   

 20h

Opel Insignia GSi to debut in Frankfurt

The star of the Opel stand at the upcoming Frankfurt Auto Show will be the Insignia GSi. It's the Buick Regal GS' Euro-bred cousin, though it settles for a turbo four instead of a V6. Sales will start in the coming weeks.   

 21h

Volkswagen says Formula 1 is too expensive

Volkswagen issued a stern warning to Formula 1 officials. "Formula 1 is on a dangerous path. It is expensive. Most of the teams, apart from the big four, have financial problems," said Volkswagen Group director Bernhard Gobmeier in an interview with Motorsport.   

 22h

2006 Lamborghini Concept S sells for $1.3 million

The one-of-a-kind Lamborghini Concept S built in 2006 has just traded hands for $1.3 million. The brand in initially planned on building 100 examples but it stopped after just one was assembled because the project was far too expensive.   

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Volkswagen still eyeing low-cost cars for emerging markets

Volkswagen still plans on developing a low-cost car aimed at emerging markets like India, though it's handling the design process on its own after the talks with Tata Motors fell apart. The company's Skoda division hopes to launch the model in India by 2020. It could also be sold in Brazil and in Iran shortly after.   

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