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Merrill Lynch downgrades GM

DETROIT (Reuters) -- General Motors will need to raise about $15 billion in cash to shore up liquidity and bankruptcy is “not impossible” if the U.S. auto market continues to slump, Merrill Lynch said on Wednesday. [REG] 11:00 am U.S. ET | July 2

Italy new car sales down 19.5 percent in June Italian new car registrations fell for a sixth month in a row in June, down 19.5 percent to 184,275 units, with those for Fiat falling nearly as hard, according to government figures published on Tuesday. The fall, which had been expected, was the steepest since January. [REG] July 2 09:00 CET

Toyota says may consider price hikes in future

Toyota Motor Corp. says it may need to consider raising the prices of its passenger vehicles in the future due to surging raw materials costs, though fierce global competition would make such a move difficult. "Our basic principle is to continue to work on cost reductions within the company first," Toyota spokesman Paul Nolasco said on Friday, June 27. 12:01 am U.S. ET | July 1

American Axle's Dauch lands $8.5 million bonus American Axle & Manufacturing Holdings Inc. has paid CEO Richard E. Dauch an $8.5 million cash bonus for his "leadership role" through an acrimonious three-month union strike that ended with a concessionary contract that slashed factory wages. [REG] 12:01 am U.S. ET | June 30

McCain says he opposes Detroit 3 bailout Republican presidential candidate John McCain said on Friday he would oppose a government bailout of the ailing auto industry and voiced strong support for free trade in the hard-hit state of Ohio. [REG] 2:15 pm U.S. ET | June 27

Navistar headed back to NYSE Monday

Truck and engine maker Navistar International Corp. today became up to date with its financial reporting, after filing its first- and second-quarter forms with regulators, and said it was set to relist on the New York Stock Exchange on Monday. Navistar, the parent of International Truck and Engine Corp. [REG] 3:37 pm U.S. ET | June 27

Toyota raises stake in Fuji Heavy to almost 17%

Fuji Heavy Industries Ltd., the maker of Subaru cars, will sell 61 million shares valued at 31.1 billion yen ($293 million) to Toyota Motor Corp., boosting Toyota's stake to 16.61 percent. Toyota, the world's largest automaker by sales, currently holds a 9.5 percent stake in Fuji Heavy, making it the company's top shareholder. [REG] 3:00 pm U.S. ET | June 27

Chrysler says no basis to bankruptcy rumor A spokesman for Chrysler LLC said on Thursday that market rumors of a bankruptcy filing by the privately held automaker were "without merit," saying the company had ample liquidity. "The rumor is without merit," Chrysler spokesman Dave Elshoff said. "There is no basis for the rumor." [REG] June 27 06:01 CET

Toyota says may consider price hikes in future

Toyota Motor said on Friday it may need to consider raising the prices of its passenger vehicles in the future due to surging raw materials costs, though fierce global competition would make such a move difficult. "Our basic principle is to continue to work on cost reductions within the company first," said Toyota spokesman Paul Nolasco. [REG] June 27 06:01 CET

Chrysler says no basis to bankruptcy rumor

A spokesman for Chrysler LLC said on Thursday that market rumors of a bankruptcy filing by the privately held automaker were "without merit," saying the company had ample liquidity. "The rumor is without merit," Chrysler spokesman Dave Elshoff said. "There is no basis for the rumor." [REG] 12:01 am U.S. ET | June 27

Toyota says may consider price hikes in future

Toyota Motor Corp. said today it may need to consider raising the prices of its passenger vehicles in the future due to surging raw materials costs, though fierce global competition would make such a move difficult. "Our basic principle is to continue to work on cost reductions within the company first," said Toyota spokesman Paul Nolasco. [REG] 12:01 am U.S. ET | June 27

Indian villagers and police clash at Tata car plant Indian police on Friday fired tear gas and beat villagers protesting land seizures who had tried to force their way into a factory owned by India's Tata Motors. Tata Motors, a unit of Indian conglomerate Tata group, plans to launch the world's cheapest car, the Nano, later this year. [REG] June 27 14:00 CET

French cars come bottom in UK satisfaction survey

French cars appear to have lost some of their "va va voom", according to a British customer satisfaction survey dominated by Japanese makes. Six of the 10 worst cars in a Which? Car poll were French, with drivers complaining of poor reliability, cheap interiors and clunky gearboxes. [REG] June 27 09:00 CET

Report: Toyota plans $1 billion car plant in Brazil

Toyota plans to build a new car plant in Brazil's Sao Paulo state worth more than $1 billion, Brazilian business newspaper Valor Economico said on Thursday. Valor said Toyota's second car plant in Brazil should be ready around 2010 and would produce over 200,000 small economy cars per year as well as engines. [REG] June 27 06:01 CET

Goldman cuts General Motors, shares hit new lows

Goldman Sachs downgraded General Motors to "sell" from "neutral," and added the stock to its "Americas Sell List," saying the main risks for the automaker included likely equity dilution, dividend cut and cash burn. GM shares, which have lost 47 percent of their value since the start of the year, closed at $11.43 per share Thursday, down $1.38. [REG] 9:30 am U.S. ET | June 26 | UPDATED: 6/26/08 4:20 p.m. EDT

CAW acknowledges Oshawa plant to shut

Canadian autoworkers acknowledged that General Motors' decision to close a Oshawa, Ontario, truck plant next year was irrevocable, a union leader said on Thursday after a meeting with company officials. [REG] 3:30 pm U.S. ET | June 26

Wagoner says GM liquidity is adequate

General Motors has adequate liquidity to carry it through the end of this year and has many options beyond that, CEO Rick Wagoner said on Thursday. Investors and analysts have been concerned about the impact of collapsing sales for trucks and SUVs on GM's bottom line and its liquidity as it tries to restructure. At least two analysts have warned that GM could be forced to borrow heavily. [REG] 12:30 pm U.S. ET | June 26 | UPDATED: 6/26/08 3:13 p.m. EDT

Rising shipping costs may see GM source closer General Motors may look to source some materials or parts closer to the United States because of rising shipping costs, a senior executive said on Thursday. Bo Andersson, group vice president in charge of GM's global purchasing, said the automaker may look at it on a "case-by-case" basis. [REG] 1:45 pm U.S. ET | June 26

Report: Toyota plans $1 billion car plant in Brazil

Toyota Motor Corp. plans to build a new car plant in Brazil's Sao Paulo state worth more than $1 billion, Brazilian business newspaper Valor Economico said on Thursday. Valor said Toyota's second car plant in Brazil should be ready around 2010 and would produce over 200,000 small economy cars per year as well as engines. [REG] 8:45 am U.S. ET | June 26

California unveils major plan to slash emissions

California today took a major step forward on its global warming fight by unveiling an ambitious plan for clean cars, renewable energy and stringent caps on big polluting industries. The plan, which aims to reduce pollutants by 10 percent from current levels by 2020 while driving investment in new energy technologies that will benefit the state's economy, is the most comprehensive yet by any U.S. [REG] 3:48 am U.S. ET | June 26

Versace to design Lamborghini bags, interiors Versace has agreed to design the interior of a limited edition Lamborghini car and its accompanying accessories like gloves and bags in the latest collaboration between the two luxury brands. The Italian fashion house will design the interior of the Murcielago LP640 Roadster. [REG] 9:00 am U.S. ET | June 24

About 1,650 Axle workers taking buyouts

About 45 percent of union workers at American Axle & Manufacturing Holdings Inc. have already accepted buyout and retirement offers to leave the company, a union official told Reuters on Tuesday. [REG] 3:00 pm U.S. ET | June 24

Toyota hints at cut to U.S. sales forecast

Toyota Motor Corp. warned again on Tuesday that it could fall short of its sales target for the United States, setting the stage for a downward revision of its estimates next month. Toyota warned earlier this month that it would likely post lower U.S. sales this year, missing its original forecast for a 1 percent rise to 2. [REG] 1:00 pm U.S. ET | June 24

Daimler: Chrysler draws down $2B credit line

Daimler said today that ailing U.S. carmaker Chrysler, in which it sold a majority stake last year, has drawn on a $2 billion credit line from its two big shareholders. Private equity group Cerberus Capital Management last year bought an 80.1 percent stake in Chrysler. [REG] June 24 15:00 CET

Analyst: GM may burn $13.9B in cash by 2011

General Motors is expected to burn $13.9 billion in cash over the next 2½ years amid a sharp drop in truck sales and may be forced to raise additional capital, Bank of America said in a report. [REG] 11:00 am U.S. ET | June 24

Versace to design Lamborghini bags, interiors Versace has agreed to design the interior of a limited edition Lamborghini car and its accompanying accessories like gloves and bags in the latest collaboration between the two luxury brands. The Italian fashion house will design the interior of the Murcielago LP640 Roadster. [REG] June 24 15:00 CET

Ford, GM financial arms may incur writedowns

Ford Motor Co.'s and General Motors' financial arms may need to write down $1.1 billion and $1.5 billion, respectively, said a Lehman Brothers analyst, who expects U.S. auto credit to be pressured by a weakening used-car market. Residual values of lease vehicles are likely to be significantly lower than originally expected. 12:01 am U.S. ET | June 24

Daimler: Chrysler draws down $2 billion credit line

Daimler said today that ailing U.S. carmaker Chrysler, in which it sold a majority stake last year, has drawn on a $2 billion credit line from its two big shareholders. Private equity group Cerberus Capital Management last year bought an 80.1 percent stake in Chrysler. [REG] 9:00 am U.S. ET | June 24

VW feels pinch from raw materials

Volkswagen is stepping up efforts to cut costs in the face of rising raw materials prices but still expects to feel the pinch, Europe's biggest carmaker said today. "From today's perspective the impact resulting from (cost-cutting) will not compensate for current market prices," a spokesman said. [REG] June 24 14:57 CET

Fiat shares fall to nearly 2-year low Shares in Italian automaker Fiat fell more than 6 percent today, underperforming a weak European auto sector. Speculation on the stock came as the whole sector was lower on concern of a strong euro and weak U.S. demand, traders said. [REG] June 24 11:59 CET

Mitsubishi says it plans to sell cars in S.Korea Japan's Mitsubishi said it plans to start selling cars in South Korea from later this year in a bid to capture growing demand for imported vehicles in the country. The automaker, along with Japanese trading house Mitsubishi and South Korea's Daewoo, will hold a briefing on its entry in the South Korean market on July 3, a Mitsubishi spokesman said. [REG] June 24 10:00 CET

Chery to offer auto financing service China's fourth-largest car maker, Chery Automobile, has obtained regulatory approval to set up a domestic joint venture auto financing arm, capitalized at 500 million yuan ($73 million), a Chery executive said today. Chery will hold 80 percent of the venture, while Huishang Bank will hold the balance, Chery spokesman Jin Yibo said . [REG] June 23 08:30 CET

Report: Daimler to offer electric Mercedes in 2010 Daimler AG plans to roll out a Mercedes-Benz model that runs on electricity in 2010, its CEO said in a newspaper interview. "We plan an electric Smart for 2010 and for the same year a Mercedes (electric) model as well," Dieter Zetsche told Frankfurter Allgemeine Zeitung in comments to be published in the Saturday edition. [REG] June 20 21:15 CET

Report: Daimler to offer electric Mercedes in 2010 Daimler AG plans to roll out a Mercedes-Benz model that runs on electricity in 2010, its CEO said in a newspaper interview. "We plan an electric Smart for 2010 and for the same year a Mercedes (electric) model as well," Dieter Zetsche told Frankfurter Allgemeine Zeitung in comments to be published in the Saturday edition. [REG] 3:15 pm U.S. ET | June 20

Ford, GM financial arms may incur writedowns

Ford Motor Co.'s and General Motors' financial arms may need to write down $1.1 billion and $1.5 billion, respectively, said a Lehman Brothers analyst, who expects U.S. auto credit to be pressured by a weakening used-car market. Residual values of lease vehicles are likely to be significantly lower than originally expected. [REG] 7:45 am U.S. ET | June 20

GM says 18,657 U.S. workers take buyouts

General Motors said Thursday 18,657 of its U.S. hourly employees have accepted buyouts, clearing the way for the automaker to hire new workers at a lower wage. The workers -- just over a quarter of its American blue-collar work force -- were expected to leave by July 1, a GM spokeswoman said while releasing the final tally. [REG] 1:15 pm U.S. ET | June 19 | UPDATED: 6/19/08 2:06 p.m. EDT

Kerkorian's Tracinda discloses 6.49% stake in Ford Billionaire investor Kirk Kerkorian has raised his stake in Ford Motor Co to 6.5 percent and said he was willing to support the automaker's turnaround with an infusion of additional capital. Kerkorian, who has now invested about $1 billion in Ford, had previously held a 5.5 percent stake. A long-time activist investor in the auto industry, he could step in to propose business strategies for Ford. [REG] 6:30 am U.S. ET | June 19 | UPDATED: 6/19/08 10:19 a.m. EDT

Kerkorian's Tracinda discloses 6.49% stake in Ford Billionaire investor Kirk Kerkorian has raised his stake in Ford Motor Co. to 6.49 percent and is willing to support the automaker's turnaround with "an infusion of additional capital," according to a regulatory filing on Thursday. Kerkorian could also step in to "propose business strategies" for Ford as it attempts to turn around its loss-making U.S. 6:30 am U.S. ET | June 19 | UPDATED: 6/19/08 9:03 a.m. EDT

Ford, UAW discuss shift from trucks to cars

Ford Motor Co. laid out plans for further hourly job cuts in a meeting between executives and the United Auto Workers union on Friday as the embattled automaker reduces production of slow-selling trucks. 12:01 am U.S. ET | June 19 | UPDATED: 6/13/08 3:36 p.m. EDT

Ford to start Russian Mondeo production in September United States car maker Ford Motor plans to start production of its new Mondeo sedan at its Russian plant in September, a senior company official said today. "We will launch Mondeo in September this year," Vice-President of Ford Europe Wolfgang Schneider told reporters. [REG] June 18 13:49 CET

Daimler resumes share buybacks Daimler will resume share buybacks after a temporary pause, the German carmaker said, outlining plans to spend up to 6 billion euros ($9.31 billion) to repurchase 10 percent of its stock. [REG] 8:00 am U.S. ET | June 17

Daimler resumes share buybacks Daimler will resume share buybacks after a temporary pause, the German carmaker said, outlining plans to spend up to 6 billion euros ($9.31 billion) to repurchase 10 percent of its stock. [REG] June 17 14:00 CET

GM confident in Volt launch; battery tests positive General Motors is confident it will be able to deliver the all-electric Chevrolet Volt as planned and is close to naming a supplier for the vehicle's crucial battery, GM Vice Chairman Bob Lutz said on Monday. "I would say there's almost no reasonable doubt in our minds anymore that this is going to work," said Lutz, who heads vehicle development for GM. [REG] June 17 06:01 CET

SAIC plans to resume making UK sports cars SAIC Motor plans to resume production at its British plant in August making MG-brand sports cars, its president said today. SAIC will start selling British-made MG TF sports cars in the UK, via more than 40 dealers. [REG] June 17 10:34 CET

GM confident in Volt launch; battery tests positive

General Motors is confident it will be able to deliver the all-electric Chevrolet Volt as planned and is close to naming a supplier for the vehicle's crucial battery, GM Vice Chairman Bob Lutz said on Monday. "I would say there's almost no reasonable doubt in our minds anymore that this is going to work," said Lutz, who heads vehicle development for GM. [REG] 3:00 pm U.S. ET | June 16

GM confident in Volt launch; battery tests positive

General Motors is confident it will be able to deliver the all-electric Chevrolet Volt as planned and is close to naming a supplier for the vehicle's crucial battery, GM Vice Chairman Bob Lutz said on Monday. "I would say there's almost no reasonable doubt in our minds anymore that this is going to work," said Lutz, who heads vehicle development for GM. 3:00 pm U.S. ET | June 16

Polaris to buy Hughes Telematics in $700M deal

Polaris Acquisition Corp , a special purpose acquisition company, has agreed to buy Hughes Telematics, a maker of car electronics, in an all-stock deal, the two companies said in a statement. A special purpose acquisition company (SPAC) is a shell organization that raises money in an initial public offering to acquire another business. [REG] 2:15 am U.S. ET | June 16 | UPDATED: 6/16/08 12:30 p.m. EDT

Sirius, XM shares rise as deal nears completion Sirius Satellite Radio's planned acquisition of rival XM Satellite Radio Holdings Inc appeared on Monday to draw closer to consummation after a key U.S. regulator expressed support for the 16-month-old deal, driving up both companies' shares. FCC Chairman Kevin Martin confirmed published reports that he would support the transaction, with the companies agreeing to a series of conditions. [REG] 10:00 am U.S. ET | June 16

CAW ends GM Canada blockade, vows to fight on

The Canadian Auto Workers union ended its blockade of General Motors of Canada's headquarters in Oshawa, Ontario, on Monday, allowing about 900 employees to return to work after nearly 13 days of protest, but it vowed to fight on. [REG] 9:00 am U.S. ET | June 16

Report: Mitsubishi, Peugeot strike electric car alliance

Mitsubishi will tie up with France's PSA/Peugeot Citroen in the production of electric vehicles, supplying technology and next-generation batteries, a newspaper reported today. [REG] 5:00 am U.S. ET | June 16

Report: Peugeot works on 3008 minivan

PSA/Peugeot-Citroen plans to launch a minivan that would also have a four-wheel-drive version, BFM radio said today. The minivan would be called the 3008 and would be based on the 308 lower-medium hatchback that was launched last year. [REG] June 13 10:00 CET

German carmakers relieved about car tax German automakers expressed relief that Berlin has finally struck a deal with its 16 federal states to fundamentally change the country's car tax after months of squabbling that unnerved consumers. [REG] June 13 09:47 CET

European May car sales drop on fuel spike European new car sales fell 7.8 percent in May due to higher fuel prices and one fewer working day, the ACEA European carmakers' association said today. Car sales in eastern Europe, where makers in past months had found some relief from sluggish western European markets, were also down. [REG] June 13 10:00 CET

Ford to brief UAW on U.S. business challenges

Ford Motor Co.'s top manufacturing executives will meet union leaders and plant managers on Friday to discuss the challenges faced by the automaker, including a slump in pickup and SUV sales. 12:01 am U.S. ET | June 12

Ford to brief UAW on U.S. business challenges

Ford Motor Co.'s top manufacturing executives will meet union leaders and plant managers on Friday to discuss the challenges faced by the automaker, including a slump in pickup and SUV sales. [REG] 12:01 am U.S. ET | June 12

GM working on new hydrogen stations

General Motors said today it is partnering with Clean Energy Fuels Corp. on a new hydrogen refueling station in Los Angeles that the companies hope will be the first of many. GM is one of a handful of car companies developing fuel cell-powered vehicles, which run on hydrogen and emit only water vapor. [REG] 3:45 pm U.S. ET | June 11

Toyota: Matsushita battery JV set for 2009 start Toyota said today its battery joint venture with Matsushita Electric Industrial will start limited production of lithium-ion batteries in 2009, moving into full-scale production the following year. [REG] June 11 11:00 CET

French-German car CO2 plan gets mixed reception The European Commission welcomed on Tuesday a Franco-German deal to cut carbon dioxide emissions from new cars, but environmentalists were unconvinced and an Italian government source criticized the deal. [REG] June 11 09:00 CET

Turkish auto exports rise 19.5 percent in May

Turkish automotive exports rose 19.5 percent year-on-year in May to 94,663 units, the Automotive Manufacturers Association said today. Exports for the January to May period rose 38.7 percent year-on-year to 463,000 units, the association said. [REG] June 10 14:26 CET

Porsche not planning to build cars in U.S. for now German sports car maker Porsche currently has no plans to build sports cars in the dollar region, where Volkswagen is currently examining whether to build a new assembly and engine plant. [REG] 7:16 am U.S. ET | June 10

Porsche not planning to build cars in U.S. for now German sports car maker Porsche currently has no plans to build sports cars in the dollar region, where Volkswagen is currently examining whether to build a new assembly and engine plant. [REG] June 10 13:16 CET

Porsche sees lower 911 sales, confirms outlook German sports carmaker Porsche expects sales of its flagship 911-model range to decline in the current fiscal year to end-July but confirmed on Monday total unit sales would be roughly flat at 97,500. [REG] June 10 13:06 CET

GM says it will take steps to end Canada blockade

General Motors warned on Monday it was ready to go to court to end the blockade of its Canadian headquarters in Oshawa, Ontario, but is still willing to talk to its angry union. [REG] 2:00 pm U.S. ET | June 9 | UPDATED: 6/9/08 9:45 p.m. EDT

Traffic charging decision due for UK's Manchester The northern English city of Manchester will discover this week if it has won government backing to become the first British city outside London to charge drivers for entering and leaving its borders. [REG] June 9 14:09 CET

J.D. Power: W.European May car sales fell 8 percent

Automotive forecasting firm J.D. Power today estimated May new car sales fell 8 percent in western Europe, driven by weakness in Spain and Italy, and added the 2008 outlook had worsened. [REG] June 6 15:44 CET

Germany does not expect Monday CO2 deal with France Berlin does not expect French and German leaders meeting on Monday to reach a detailed agreement on reducing carbon dioxide (CO2) emissions from cars, a German government spokesman said today. Germany is concerned that planned EU rules will put its luxury automobile industry at a disadvantage. [REG] June 6 14:15 CET

Report: BMW struggles with cost-cutting BMW is struggling to reach its cost-cutting targets due to difficulties in laying off employees and high raw material costs, Handelsblatt reported. BMW plans to complete the lay-off of 8,100 workers this year. [REG] June 5 12:04 CET | UPDATED: 06/05/08 15:39 CET

Fiat's North American plans expected in the fall Italy's Fiat could decide in six months when and where it will start making and selling cars under its Alfa Romeo brand in North America, its chief executive said on Tuesday. [REG] 1:10 pm U.S. ET | May 27

Toyota to ship U.S.-made cars to emerging markets Toyota plans to prop up production at one of its under-utilized U.S. factories by exporting to the fast-growing markets of the Middle East and China, the Asahi Shimbun daily reported today. Toyota, the world's biggest automaker, will begin shipping the Sequoia large SUV to the Middle East. [REG] 4:36 am U.S. ET | May 20

UAW STRIKE AT AMERICAN AXLE

American Axle Mich. plant seen approving contract

Union members at an American Axle & Manufacturing Holdings Inc. plant in southwestern Michigan are likely to approve a contract that would end a three-month strike by granting the supplier deep concessions, the local bargaining chairman said on Monday. [REG] 12:01 am U.S. ET | May 20

Bosch worries about 2009 after U.S. consumer slump

U.S. consumers worried about a recession will take a painful toll this year on Bosch Group, a German manufacturer of a wide range of items from car parts to washing machines and power tools. "The absolute slump in the consumer climate indicates that the second quarter in the U.S. will indeed be very weak," CEO Franz Fehrenbach told its annual news conference on Thursday. [REG] 9:45 am U.S. ET | May 8

Microsoft and Hyundai partner for technology Microsoft and South Korea's top carmaker Hyundai Motor have agreed to build a music and information system to debut in cars sold in North America in 2010, the companies said today. Microsoft and Hyundai said the first product under the partnership would be a voice-controlled system linking mobile devices to car stereo systems. 12:01 am U.S. ET | May 8

Microsoft and Hyundai partner for technology Hyundai and Kia vehicles will be getting infotainment systems based on Microsoft Auto software beginning in 2010 in the North American market. The two companies had been working on the deal for two years and announced it May 6 in Seoul where Microsoft Chairman Bill Gates was on a trip to meet new South Korean President Lee Myung-bak, as well as make the Hyundai announcement. [REG] 2:05 am U.S. ET | May 6 | UPDATED: 5/6/08 10:57 a.m. EDT

Microsoft and Hyundai partner for technology Microsoft and South Korea's top carmaker Hyundai Motor have agreed to build a music and information system to debut in cars sold in North America in 2010, the companies said today. Microsoft and Hyundai said the first product under the partnership would be a voice-controlled system linking mobile devices to car stereo systems. [REG] May 6 08:05 CET

Fiat, Zastava clinch partnership BELGRADE (Reuters) -- Italy's Fiat SpA will on Wednesday sign a memorandum of understanding with the Serb government to invest in carmaker Zastava together, Serbia's Economy Ministry said today. "Fiat is interested in a strategic partnership with Zastava through a joint investment with the Serbian government," the ministry said in a statement. [REG] April 29 17:42 CET | UPDATED: 04/29/2008 18:29 CET

GMAC posts $589 million loss; may not turn 2008 profit Finance company GMAC said on Tuesday its first-quarter loss nearly doubled as more customers fell behind on mortgage payments, and that it may not turn a profit this year. [REG] 9:15 am U.S. ET | April 29

One third of Europe's tunnels fail safety test A third of Europe's road tunnels failed safety tests carried out by Germany's ADAC motorists' association, the organisation said on Tuesday. [REG] April 23 06:01 CET

Bosch to launch tender offer for Japan unit Robert Bosch GmbH said today it would launch a tender offer to acquire all outstanding shares in its Japanese unit, Bosch Corp -- the only listed entity belonging to the German auto parts giant. Robert Bosch, the world's biggest auto parts maker, now owns 59.7 percent of Bosch Corp. [REG] April 23 10:50 CET

Autoliv CEO sees higher raw materials costs Autoliv, the world's biggest air bag and seat belt maker, said on Friday it saw raw materials costs rising more than it had previously anticipated this year. "Raw materials prices will have a negative impact for the year," CEO Jan Carlson said. [REG] 7:00 am U.S. ET | April 22

Autoliv CEO sees higher raw materials costs Autoliv, the world's biggest air bag and seat belt maker, said on Friday it saw raw materials costs rising more than it had previously anticipated this year. "Raw materials prices will have a negative impact for the year," CEO Jan Carlson said. [REG] April 22 13:00 CET

Skoda's first-quarter unit sales up 15.7% Unit sales at Czech Volkswagen AG unit Skoda Auto jumped by 15.7 percent in the first quarter to 173,474 cars, the company said today. Skoda, the biggest Czech company by sales and exports, aims to raise sales to 700,000 cars this year from 630,000 last year. [REG] April 21 10:20 CET

Chrysler debt unloaded at deep discount

Several hundred million dollars of loans to Chrysler LLC have been sold off by one of its underwriters at a deep discount, reflecting the mounting pressure on both the struggling automaker and its bankers since a $7.4-billion deal to take it private last year. [REG] 12:24 pm U.S. ET | April 10

Hayes Lemmerz narrows fourth quarter loss

Hayes Lemmerz International Inc., a maker of wheels and other automotive components, posted a wider 2007 net loss on Thursday due to an increase in asset impairment charges. [REG] 10:46 am U.S. ET | April 10

Renault Samsung car sales shoot up

Renault Samsung Motors, the South Korean unit of French auto giant Renault, said Tuesday its car sales expanded 18 percent in March from a year earlier, boosted by strong overseas shipments. Sales rose to 18,418 vehicles from 15,607, the company said. [REG] April 1 09:27 CET

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