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Saab failure another dent in China's auto dreams
China's automakers may dominate their home market, now the world's largest, but the collapse of the sale of Saab to a Chinese-backed group shows it will be a bumpy ride for them to build a global profile. 12:01 am U.S. ET | Nov. 26
• Chinese automakers chase global profile
GM has targeted Germany for the bulk of 9,000 planned job cuts at its Opel/Vauxhall unit, turning the tables on the country that lobbied hardest for an Opel sale to Magna. GM Europe head Nick Reilly said 50-60 percent of the proposed job cuts at Opel had been earmarked for Germany. GM is cutting almost a fifth of its 50,000 Europe workforce. Here is a summary of how the cuts will affect plants in countries including Germany, UK, Spain, Poland and Belgium. 1:56 am U.S. ET | Nov. 26
Toyota worst hit among Japan's exporters by dollar drop
Toyota looks set to be hit the hardest among Japanese exporters by the dollar's tumble against the yen, having assumed what now appears to be the riskiest currency rates for the rest of its business year. Toyota has assumed an average dollar rate of 90 yen for the October-March second half, compared with 85 yen at Honda and Nissan. On Thursday, the dollar sank to a 14-year low of 86.29 yen. 5:01 am U.S. ET | Nov. 26
Magna seeks $600M as Porsche drops deal, paper says
Magna wants at least 400 million euros ($600 million) in compensation from Porsche for canceling a contract to assemble Porsche's Boxster and Cayman models in Magna's Aus ...
Hyundai, Kia see combined 2010 sales up 16%, report says
SEOUL (Reuters) - Hyundai Motor Co. and affiliate Kia Motors Corp. have set their combined 2010 sales target at 5.39 million vehicles, up 16 percent from the estimated sa ...
Toyota dealers can use existing tools for 'simple' pedal fix
Toyota and Lexus dealers will be able to use existing tools to quickly reshape accelerator pedals on 3.8 million vehicles involved in Toyota Motor Corp.'s largest U.S. re ...
• Toyota recalls Tundra pickups on rusted-frame concern
GM to build Buick Regal in Canada, restore 600 CAW jobs
General Motors Co. said its all-new, 2011 Buick Regal sedan will be built in Oshawa, Ontario, restoring 600 assembly jobs. Production will begin in the first quarter of 2 ...
Sweden says GM still hopes to find buyer for Saab
A Swedish government official said today that General Motors Co. appeared to still have hopes of being able to sell its Saab unit after the wheels came off of a planned d ...
• Beijing Auto studies options after partner drops bid to buy Saab
• Scenarios for Saab's future
GM will keep open all its German Opel plants
GM will keep open all four of its Opel factories in Germany under a 3.3 billion euro ($4.92 billion) restructuring plan for the money-losing unit. Opel factories at Eisen ...
Faurecia CEO says Plastal fits consolidation plan
Faurecia CEO Yann Delabriere said that Plastal could be a good match for his company, adding that Faurecia wants to be a consolidating force in the supplier industry. ...
Ford to increase production in Russia
Ford Motor Co. will increase production in its plant in Russia after the government announced programs to support car sales, the automaker said today. ...
GM deal to sell Saab unravels as buyer Koenigsegg drops out
General Motors Co.'s deal to sell its Saab brand collapsed when the buyer pulled out in a move that threatens the Swedish luxury brand with closure. GM had been aiming to ...
• Dealers, GM surprised by demise of Saab sale
• Sweden says private buyer only option for Saab
• FROM OUR ARCHIVES: 'Born from Jets' meets the jet set -- published 6/22/09
