GM, Magna reject Opel dealers' investment offer
General Motors is rejecting dealers' participation as investors in the new Opel. Even Magna International Inc., a potential investor, has no interest in seeing the brand's sales partners take a stake in the company. 11:01 am U.S. ET | June 29
Auto supplier ZF Friedrichshafen AG has to keep cutting costs. 11:03 am U.S. ET | June 29
Continental AG CEO Karl-Thomas Neumann is working on not one but two plans for his company now that Schaeffler KG has taken it over. 11:06 am U.S. ET | June 29
In a new pilot project, the ATU service chain is luring new-car buyers with discounts of up to 35 percent. 11:08 am U.S. ET | June 29
A management buy-out is looming for financially battered HP Pelzer, and the new owners intend to pursue acquisitions in the vehicle acoustics field. 11:10 am U.S. ET | June 29
The Weller Group is jettisoning three Toyota/Lexus dealerships in the "oversaturated Berlin market," the company says. 11:20 am U.S. ET | June 29
Nissan has turned in a weak first half of 2009. Over the first five months of the year, the number of new registrations dipped 12.8 percent, while its rivals saw a whopping rise of 22.8 percent. 11:22 am U.S. ET | June 29
The Federal Court of Justice has made it easier for automakers to fire their dealers. 11:27 am U.S. ET | June 29
On Monday of last week, the 225,576th Mercedes-Benz CLK convertible rolled off the line, becoming the last complete vehicle produced by Karmann. 10:47 am U.S. ET | June 29
By Wednesday, July 1, it will be clear whether the insolvent contract manufacturer and convertible specialist Karmann will get its chance for a new beginning. 11:31 am U.S. ET | June 29
From now on, a new BMW retail unit will run the Automag Buchner + Linse car dealership here, says bankruptcy administrator Josef Nachmann. The wholly owned BMW subsidiary is legally and financially separate from the BMW branch office in Munich. 10:41 am U.S. ET | June 29
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