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Friday, November 6, 2009
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Volkswagen AG's premium brand Audi expects its vehicle sales to fall less than previously thought to more than 920,000 vehicles this year instead of about 900,000, Audi sales chief Peter Schwarzenbauer told a German newspaper. Nov. 6 12:01 CET
Magna focuses on core business after Opel defeat
Magna International Inc. is not looking at taking over any other automakers following the collapse of its deal to buy a stake in General Motors Co.'s European operations, the auto parts supplier's co-CEO, Don Walker, said. Nov. 6 06:01 CET
Lutz to chair Opel; Forster makes way for ex-Vauxhall boss
Bob Lutz will chair Opel and help steer a restructuring at the GM unit. Opel President Carl-Peter Forster is leaving the carmaker. Ex-Vauxhall exec Nick Reilly will tempo ...
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 ...
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 Hi ...
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 ...
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. ...
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 ...
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 ...
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 ...
Porsche rushes to close 8.5B loan, bankers say
Porsche Automobil Holding SE is pushing to agree an 8.5 billion euro ($12.62 billion) loan by Nov. 10, two bankers close to the deal said on Friday. The loan has been red ...
REUTERS AUTOS SUMMIT
Bosch sees 11 million US auto sales in 2010
The head of the American unit of German autos parts supplier Robert Bosch GmbH said he expects U.S. light vehicle sales to improve to 11 million units in 2010, indicative ...
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 ...
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 ...
Renault has no plans to raise AvtoVAZ stake
Renault SA has no plans to change it stake in AvtoVAZ even though Russia wants it to play a bigger role to help rescue the country's largest automaker. "We have no plan t ...
