Global car market is starting to recover, aided by U.S., Ghosn says
The global car market has bottomed and is on track for 60 million units sales next year, aided by the United States, Carlos Ghosn, who heads Japan's Nissan Motor Co. and France's Renault SA, said on Sunday. Ghosn said his global forecast for auto sales for this year was above his earlier expectation of 55 million unit sales. 8:00 am U.S. ET | Nov. 8
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GREEN CARS
Chrysler dismantles electric car plans under Fiat
Chrysler Group has disbanded a team of engineers dedicated to rushing a range of electric vehicles to showrooms and dropped ambitious sales targets for battery-powered cars set as it was sliding toward bankruptcy and seeking government aid. The move by controlling shareholder Fiat S.p.A. marks a major reversal for Chrysler, which had used its electric car program as part of the case for a $12.5 billion federal aid package. 12:01 am U.S. ET | Nov. 7
ANALYSIS
U.S. government switches role to shareholder
Automakers can expect the U.S. government to be attentive to its multibillion-dollar stake in their businesses next year and selective in its efforts to reshape the industry. Government emphasis has shifted from bailouts and bankruptcy to investment oversight and innovation, with congressional and White House demands for greater fuel-efficiency driving the agenda. 12:01 am U.S. ET | Nov. 7
China sales rise 80% in October
New-car sales in China rose 79.6 percent to 923,154 cars last month, state media reported on Saturday. That would suggest a month-on-month drop of about 9.8 percent from ...
NHTSA probes timing of Honda airbag recalls
Honda Motor Co.'s recalls of 444,000 Accord and Civic vehicles for potentially lethal airbag defects are under investigation by federal safety regulators. The National Hi ...
Ford production suffers even as strike at Indian supplier ends
Workers at an India auto-parts maker have ended a six-week strike, which had hit transmission parts supplies to General Motors and Ford Motor Co. and caused the shutdown ...
Lutz will chair Opel board; CEO Forster will leave
Bob Lutz, General Motors Co.'s top marketing boss, will chair the supervisory board of GM's Opel unit and help steer a restructuring plan there now that GM has decided to ...
Magna ends hunt for automaker, eyes suppliers
Magna International Inc., thwarted this week in its bid to take over General Motors Co.’s Opel unit, won’t seek to buy another car company, co-CEO Don Walker ...
Former GM metals executive pleads guilty to scam
A former General Motors Co. executive pleaded guilty Thursday to a kickback scheme involving bulk aluminum sales that cost the automaker some $83 million. Daniel Bealko p ...
Merkel wants GM's plan for Opel ready fast
General Motors Co. said it is readying a plan to restructure Opel and could pay off debt due this month. German Chancellor Angela Merkel raised concern over GM's decision ...
GM confident of financing Opel restructuring
UK's Mandelson says Opel decision good for taxpayers
GM's plan for Opel similar to Magna's; 10,000 jobs to go
U.S. Treasury needs more deliberation on GMAC
The U.S. Treasury intends to provide more taxpayer capital to finance company GMAC, but needs to deliberate further on the deal's structure, a senior U.S. Treasury offici ...
REUTERS AUTOS SUMMIT
GM won't expand Volt as a brand, Dewar says
As General Motors Co. expands its offering of rechargeable vehicles beyond the Volt it will not look to brand them in a way that identifies them with the highly anticipat ...