Global News

TRW CEO sees 'tough year' for Europe

March 19 06:01 CET
TRW CEO John Plant hopes that a slight shift in Europe toward larger cars after scrappage incentive programs end may help auto suppliers overcome what is expected to be a lean overall autos sales year. "It's going to be a tough year in Europe," Plant said.... Read More »
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Volvo sale deal hits snag, Geely chairman tells paper

March 19 06:01 CET
Zhejiang Geely Holding Group Chairman Li Shufu indicated talks to buy Ford's Volvo car unit had hit a snag due to problems at Ford Motor Co. "If the deal fails, the problem is not on our side. We have not violated any part of the agreement," he said, without specifying what the problems were.... Read More »
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Mitsubishi boss defends decision not to deepen PSA ties

March 19 12:46 CET
Mitsubishi Motors Corp. President Osamu Masuko challenged widespread views that a strategic partnership is necessary for its survival. Mitsubishi's stock fell this month after the Japanese automaker's said it won't form a capital alliance with PSA.... Read More »
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Asia
THE TOYOTA RECALL CRISIS

Akio Toyoda says Japan still holds final say on recalls

11:29 am U.S. ET | March 18
Handing more authority to U.S. bosses is a big theme of Toyota Motor Corp.’s plan to overhaul operations and prevent a repeat of the quality crisis now battering the carmaker. But when it comes to recalls, President Akio Toyoda says the final say still rests in Japan.... Read More »
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China

Volvo sale deal hits snag, Geely chairman tells paper

12:01 am U.S. ET | March 19
Zhejiang Geely Holding Group Chairman Li Shufu indicated talks to buy Ford's Volvo car unit had hit a snag due to problems at Ford Motor Co. "If the deal fails, the problem is not on our side. We have not violated any part of the agreement," he said, without specifying what the problems were.... Read More »
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