ANALYSIS
U.S. government switches role to shareholder
Automakers can expect the U.S. government to be attentive to its multibillion-dollar stake in their businesses next year and selective in its efforts to reshape the industry. Government emphasis has shifted from bailouts and bankruptcy to investment oversight and innovation, with congressional and White House demands for greater fuel-efficiency driving the agenda. 12:01 am U.S. ET | Nov. 7
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GREEN CARS
Chrysler dismantles electric car plans under Fiat
Chrysler Group has disbanded a team of engineers dedicated to rushing a range of electric vehicles to showrooms and dropped ambitious sales targets for battery-powered cars set as it was sliding toward bankruptcy and seeking government aid. The move by controlling shareholder Fiat S.p.A. marks a major reversal for Chrysler, which had used its electric car program as part of the case for a $12.5 billion federal aid package. 12:01 am U.S. ET | Nov. 7
NHTSA probes timing of Honda airbag recalls
Honda Motor Co.'s recalls of 444,000 Accord and Civic vehicles for potentially lethal airbag defects are under investigation by federal safety regulators. The National Highway Traffic Safety Administration said it wants Honda and Takata Corp., the airbag supplier, to help explain why the automaker didn't include vehicles from the second recall in the earlier one nearly eight months before. 4:18 pm U.S. ET | Nov. 6 | UPDATED: 11/6/09 5:38 p.m. ET
Ford production suffers even as strike at Indian supplier ends
Workers at an India auto-parts maker have ended a six-week strike, which had hit transmission parts supplies to General Motors and Ford Motor Co. and caused the shutdown ...
Merkel wants GM's plan for Opel ready fast
General Motors Co. said it is readying a plan to restructure Opel and could pay off debt due this month. German Chancellor Angela Merkel raised concern over GM's decision ...
GM confident of financing Opel restructuring
UK's Mandelson says Opel decision good for taxpayers
GM's plan for Opel similar to Magna's; 10,000 jobs to go
Lutz will chair Opel board; CEO Forster will leave
Bob Lutz, General Motors Co.'s top marketing boss, will chair the supervisory board of GM's Opel unit and help steer a restructuring plan there now that GM has decided to ...
Magna ends hunt for automaker, eyes suppliers
Magna International Inc., thwarted this week in its bid to take over General Motors Co.’s Opel unit, won’t seek to buy another car company, co-CEO Don Walker ...
Former GM metals executive pleads guilty to scam
A former General Motors Co. executive pleaded guilty Thursday to a kickback scheme involving bulk aluminum sales that cost the automaker some $83 million. Daniel Bealko p ...
U.S. Treasury needs more deliberation on GMAC
The U.S. Treasury intends to provide more taxpayer capital to finance company GMAC, but needs to deliberate further on the deal's structure, a senior U.S. Treasury offici ...
REUTERS AUTOS SUMMIT
GM won't expand Volt as a brand, Dewar says
As General Motors Co. expands its offering of rechargeable vehicles beyond the Volt it will not look to brand them in a way that identifies them with the highly anticipat ...
Sirius loss narrows, sees growth as autos recover
Sirius XM Radio Inc. posted a smaller quarterly loss on Thursday, helped by subscriber gains and the success of premium programming on its pay radio service, and said it ...
Superior Industries Q3 loss narrows
Aluminum wheel maker Superior Industries International Inc. posted a narrower quarterly loss helped by cost cuts and increased production volumes. ...