Tuesday, November 10, 2009

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BREAKING NEWS
GM picks Reilly to lead Opel/Vauxhall
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Veteran GM executive Nick Reilly will assume responsibility for the operations of Opel/Vauxhall Europe while an external search for a new CEO commences, GM said today. Nov. 10 15:28 CET


Qatar sells half VW shares; seeks 17% stake
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Qatar has sold half its Volkswagen AG preference shares, cashing in on recent gains and raising around 1.5 billion euros ($2.4 billion) for possible future deals. Nov. 10 09:49 CET | UPDATED: Nov 10 20:45 CET  


NHTSA may probe Grand Cherokee fuel tanks

The Jeep Grand Cherokee from the 1993 to 2004 model years may be investigated by federal safety regulators after a complaint that its fuel tank is an exposed fire hazard ...


New Opel boss whipped GM's Asia operations into shape

General Motors Co. named Nick Reilly, head of the carmaker's international operations, as interim head of its European business while it searches for a new chief executiv ...


Merkel says GM must present Opel plan quickly

German Chancellor Angela Merkel said GM should present a restructuring plan for its Opel unit quickly, adding the automaker would have to shoulder most of the cost. GM ha ...


BMW expects 10% U.S. sales increase in 2010

BMW is forecasting an increase of about 10 percent in U.S. sales next year, partially fueled by the introduction of the redesigned 5-series sedan in early 2010. Peter Mil ...


Beijing Auto aims to close Saab deal by year-end

Beijing Auto and its Swedish partner still aim to finalize plans to buy Saab by the end of the year, an executive of the Chinese carmaker said. Beijing Auto plans to take ...


Who helped Ford with inflatable seat belt? Key Safety Systems

The new inflatable rear seat belt that debuts as an option on the 2011 Ford Explorer SUV is a collaboration between Ford Motor Co. and Key Safety Systems, a supplier of a ...


ArvinMeritor narrows quarterly losses

ArvinMeritor Inc. reported a narrower quarterly net loss today as cost cuts countered the impact of the economic downturn. The supplier predicted improved earnings for th ...


Agency names director for green car loan program

U.S. Energy Secretary Steven Chu has appointed a venture capitalist to help speed application reviews for the agency’s $25 billion loan program to develop electric ...


Supplier founded by Detroit mayor may be sold

The stamping and assembly operations of the auto supplier founded by Detroit Mayor Dave Bing could be sold as early as Friday. Bing Metals Group LLC, which employs about ...


User-created ads create rights conundrum

Denver photographer Michael Calanan saw a comment in his recent Flickr activity that caught his eye: "Oh goody. Time to get out that wish list Mike! Maybe they'll trade f ...


Mercedes-Benz U.S. CEO sees better sales ahead

Daimler AG's Mercedes-Benz premium auto unit expects year-on-year U.S. sales growth in the next few months and the potential to increase its U.S. market share next year, ...


French supplier acquires Ohio-based Tinnerman

A. Raymond Group, a global maker of fastening and fluid-handling connection systems that is based in Grenoble, France, has acquired Tinnerman Palnut Engineered Products o ...


GMAC needs another cash infusion, Fed says

GMAC Financial Services, which has received $12.5 billion in federal aid, is negotiating for a fresh infusion of taxpayer funds because it has not raised enough capital t ...


Hyundai, GM and VW face squatters on Twitter

Twitter's @Hyundai page contains a collection of 140-character blasts in English and Korean about oysters, cell phones and the Yankees. Clicking on a profile photo reveal ...


Ford's China partner Changan to boost output

The parent of Ford Motor Co. partner Chongqing Changan Automobile Co. has agreed to take over major auto assets from aircraft maker Aviation Industry Corp. of China (AVIC ...


Renault to build Nano fighter with India's Bajaj Auto

Renault, Nissan and their Indian partner, Bajaj, will launch a car in India in 2012 that will cost less than the Tata Nano, the world's cheapest car. Carlos Ghosn said th ...


Citroen will launch C-Zero electric car next year

Citroen said it will launch an electric city car called the C-Zero starting late 2010. The car will be a sister model to Peugeot's iOn electric car, which was unveiled at ...


Turkish 10-month vehicle output down 33 percent

Turkish vehicle production fell 33 percent in the first 10 months of the year to 699,141 units, the Turkish Automotive Industry Association said on Monday. ...


Advance work helped Lear exit bankruptcy quickly

Lear Corp. emerged from U.S. Chapter 11 bankruptcy today under the ownership of its secured lenders and bondholders after four months under court protection. ...