Thursday, November 5, 2009

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BREAKING NEWS
CHRYSLER'S 5-YEAR PLAN
Fiat-based models will begin rolling out in 2012, exec says
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Starting in 2012, Chrysler Group's alliance with Italian automaker Fiat S.p.A. will bring a raft of new Fiat-based models to all four of Chrysler's brands. Joseph Veltri, vice president of product planning, unveiled the long-awaited product plan on Wednesday. 12:01 am U.S. ET | Nov. 5


Chryslers, Dodges to be Fiats, Lancias in Europe
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The Chrysler badge will disappear from cars sold in Europe by 2011 leaving the U.S. carmaker with Jeep as its only nameplate in the region. Under Fiat S.p. Nov. 5 13:17 CET   


GM likely to outperform viability plan estimates

General Motors Co. is outperforming the targets set in its earnings viability plan outlined in April, CEO Fritz Henderson said today. Henderson declined to list the areas ...


Opel's German workers against protest GM move

Opel auto workers in Germany downed tools to show their anger at GM's decision to abandon a a sale of the German-based unit to Magna. They blame GM for mismanaging Opel i ...


UK's Mandelson says Opel decision good for taxpayers

General Motors Co.'s decision to keep its European unit Opel will benefit European taxpayers, especially in Britain, Germany and Spain, British Business Secretary Peter M ...


GM confident of financing Opel restructuring

GM is confident that it can find the financing to keep and restructure its European Opel unit, CEO Fritz Henderson said. GM can find ways to provide financing to Opel fro ...


Opel faces 'massive cuts,' Forster tells newspaper

GM Europe head Carl-Peter Forster expects massive cuts at Opel after GM decided to hold on to its European unit, he was quoted saying in a German newspaper. "We had negot ...


Magna posts profit, ends four quarters of losses

Magna International Inc. posted a $51 million profit after four straight quarters of losses, benefiting from cost reductions as sales fell. ...


Ford's Explorer to get airbags built into rear belts

The 2011 Ford Explorer will be launched with rear seat belts that include small built-in airbags. The inflatable belts will be optional on the Explorer, which is switchin ...


CASH FOR CLUNKERS
Carfax, Experian add clunker VINs to databases

The industry's two top vehicle history reporting companies have added to their databases vehicle identification numbers of the 700,000 trade-ins meant to be scrapped unde ...


REUTERS AUTOS SUMMIT
Chevy to get post-crisis marketing boost

The General Motors board has approved plans to boost ad spending on vehicles from its flagship Chevrolet brand that saw their recent launches overshadowed by the automake ...


Former GM ad exec Betsy Lazar goes to Kellogg

General Motors veteran Betsy Lazar is Kellogg's new vice president of global media, both companies have confirmed. Lazar was previously executive director of media and ad ...


Cadillac narrows list of finalists for creative work

Cadillac has narrowed the list of agencies in the hunt for its national creative account, and McCann Erickson has not made the cut. General Motors Co.'s luxury brand said ...


NHTSA slaps Toyota for ‘inaccurate' recall information

Toyota Motor Corp. was rebuked Wednesday by federal safety regulators for issuing “inaccurate and misleading information” about a safety recall involving 3.8 ...


Toyota denies allegations of floor-mat cover up

A senior Toyota Motor Corp. executive denied allegations the automaker tried to sidestep engineering or design defects that led to its unprecedented safety recall of 3.8 ...


REUTERS AUTOS SUMMIT
GM aims to double Chevy sales in Europe

General Motors Co. aims to more than double sales for its flagship Chevrolet brand in Europe as part of a business plan that was presented to the company's board this wee ...


Henderson wants to mend fences with German labor

In the wake of General Motors Co.’s decision not to sell Opel/Vauxhall, GM CEO Fritz Henderson said today GM will need to repair relations with the German trade uni ...


Suzuki Kizashi starts at $19,734

American Suzuki Motor Corp. has priced its Kizashi mid-sized sedan from $19,734, including shipping. The price is for a model with front-wheel drive and a six-speed manua ...


SUPPLIERS IN CRISIS
Lear wins court approval of reorganization plan

Lear Corp. today received approval for its Chapter 11 bankruptcy reorganization plan from the U.S. Bankruptcy Court in New York, nearly four months after the company file ...


Chrysler wants sales outside N.A. to quadruple by 2014

Chrysler Group's sales outside North America will grow to 500,000 by 2014 from an estimated 144,000 this year, international sales chief Mike Manley said Wednesday.Sales ...


All dealerships will have 3 brands by 2011

Chrysler Group plans to finish the consolidation of its dealerships into three-brand stores by the end of 2011, Peter Grady, the automaker's vice president of network dev ...


Toyota says U.S. business still 'severe'

A top Toyota Motor Corp. executive said today its U.S. operations remain difficult, adding that the automaker must reduce fixed costs further to battle a strong yen that ...


Marchionne, in his own words

DETROIT -- Here are comments made by Chrysler Group CEO Sergio Marchionne during a question-and-answer session at the conclusion of an eight-hour presentation Wednesday o ...


REUTERS AUTOS SUMMIT
CAW deal saves Ford labor costs, union says

The deal reached between the Canadian Auto Workers and Ford Motor Co. last week cut around C$4 to C$5 an hour from the labor costs of Ford's Canadian workers, CAW Preside ...


Scrappage helps boost UK Oct car sales by 31.6%

The U.K. today joined other Western European countries in reporting a big rise in new-car sales in October. Car sales in Britain rose an annual 31.6 percent in October, t ...


Russia's Putin slams 'scornful' GM Opel U-turn

Russian Prime Minister Vladimir Putin said on Thursday that GM's U-turn over the sale of Opel showed the generally "scornful" approach of U.S. companies when dealing with ...


CHRYSLER'S 5-YEAR PLAN
Marchionne sets bold Chrysler plan, targets net profit in '11

Chrysler Group's new CEO Sergio Marchionne offered an ambitious outlook for the automaker on Wednesday, saying it would more than double sales, roll out a dozen new model ...


Toyota surprises with Q2 profit; raises outlook

Toyota reported a surprise quarterly profit and slashed its annual loss forecast by more than half as sales and cost cutting beat its forecasts, putting it on track to fo ...


Customers can call Chrysler for service answers

Chrysler Group will establish call centers for each brand in January to resolve customers’ service problems. Each brand will have a separate 800 number. Pietro Gorl ...