Headlines for Saturday, October 13, 2012

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Toyota, Nissan, Honda among investors prepping Renesas rescue

1:16 am U.S. ET | Oct. 13, 2012
A Japan government fund is expected to partner with about 10 companies in hopes of buying the struggling chipmaker Renesas Electronics in a 200 billion yen ($2.55 billion) deal, the Nikkei business daily said.

Obama touts benefits of auto bailout as debate looms

9:16 am U.S. ET | Oct. 13, 2012
President Barack Obama sought on Saturday to sustain momentum from Vice President Joe Biden's strong debate showing by touting the benefits of one of his signature actions, the rescue of the U.S. auto industry, as he prepared for his next debate with Republican Mitt Romney.

Honda won't dial back in China despite tensions, Ito says

12:01 am U.S. ET | Oct. 13, 2012
Honda President Takanobu Ito said the company isn't changing any of its investment plans for China, where sales of Japanese auto brands tumbled 41 percent last month amid a territorial dispute over a group of islands.

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