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China's Chery, Magna developing 3 compacts for Europe

Joint venture Chery Quantum Auto – owned by China's Chery Automobile and Israel Corporation – will reportedly export three compact vehicles to Europe in 2012. Austrian supplier Magna Steyr will be tasked with developing the vehicles, according to Financial Times Deutschland.

Gas prices not scaring car buyers as much this time around

With gasoline prices soaring this year, one might assume, justifiably, that hybrid and fuel-efficient small vehicle demand must also be on the rise, mimicking the market situation in 2008. However, history may not be repeating itself this time around. AutoPacific President George Peterson says, based on a study by the consulting group, that "small car and hybrid consideration is not tracking anywhere near the rate of the price of fuel as it did in 2008." Of the 68,000 people surveyed, only 21 pe

Story of a Decade: compact cars gain weight, become more fuel efficient

Over the last decade, compact cars have ballooned in size. How much? On average, compact cars sold in the U.S. are 549 pounds heavier and sit on a wheelbase that's 6.4 inches longer than those sold here ten years ago, according to analysis by Edmunds.com. With that added weight comes the need for more power and today's compacts pack an average of 64 more tire-spinning horses than those built a decade ago. Edmunds' AutoObserver senior editor, Bill Visnic, explained the reasons for the inflated co

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