AUTO

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Post-crisis Paris to look beyond Europe

Carmakers gathering in Paris this week will show off the cars they hope will win them access to booming emerging markets like China, while industry watchers seek clues on how the recovery is progressing closer to home.

PSA, Ford strengthen diesel engine partnership

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French carmaker PSA Peugeot Citroen and U.S. counterpart Ford on Wednesday said they would develop a range of diesel engines to comply with new EU regulations, strengthening their existing partnership.

Buffett discussed BYD stake hike: report

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Chinese car and battery maker BYD Co Ltd has discussed the possibility of billionaire investor Warren Buffett raising his 10 percent stake, local media reported on Wednesday, boosting its shares.
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Ford CEO sees solid FY, cashflow positive 2011

Ford will be cashflow positive and improve overall performance next year after solid earnings in 2010, as it intensifies its focus on smaller, greener models, its chief executive Alan Mulally said on Monday.
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Hyundai to recall Sonata sedans in U.S.

Hyundai Motor, South Korea's top automaker, will recall some 139,500 Sonata sedans sold in the United States, due to problems with the steering wheel that could cause a loss or reduction of control.
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Treasury may be only seller in GM IPO: sources

The United Auto Workers health care trust and the governments of Canada and Ontario may not participate in General Motors Co's upcoming IPO in order to avoid taking a cut on the price of their shares
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Toyota ends overtime ban for white-collar staff: report

Toyota Motor Corp, Japan's largest automaker, has lifted a ban prohibiting office staff from working overtime, a move intended to give experienced workers more time to coach younger personnel, the Nikkei business daily said.
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Ford sees Sept U.S. auto sales up from August

Ford Motor Co President for the Americas Mark Fields said on Thursday he expects September U.S. light vehicle sales to top the 11.5 million annualized sales rate from August, which matches analysts' forecasts.
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Ford says U.S. Fiesta buyers seek high-end options

Early U.S. sales for Ford Motor Co's Fiesta show that consumers are buying higher-end versions of the new small car, boosting the automaker's profit on sales in a traditionally low-margin segment, company officials said on Wednesday.
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Volkswagen builds new engine plant in Mexico

Volkswagen AG will invest $550 million in developing a new engine facility in Mexico to supply parts to two of its North American plants, the German automaker said on Wednesday.
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SAIC approached GM about IPO stake: sources

China's top automaker SAIC Motor Corp has reached out to General Motors Co GM.UL to explore the prospect of taking a stake in the automaker when it goes public this fall, four people with knowledge of the matter said.
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Nissan to double China capacity

Japan's Nissan Motor plans to double its capacity in China by 2012, joining a host of peers that have made similar recent moves to capture a bigger slice of the world's biggest auto market.
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Daimler, truckmakers see enormous growth this year

Europe's truckmakers anticipate profits will rebound faster than expected in 2010, thanks to emerging markets where enormous growth rates pushed aside painful memories of the industry's worst ever slump.
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Toyota China unit fined for bribery: report

Toyota Motor Corp's Chinese auto finance unit has been fined by the authorities in the city of Hangzhou for alleged involvement in commercial bribery, China's Xinhua News Agency reported on Tuesday.
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GM to expand Hungary output with $655 million plant

General Motors will invest $655 million to expand capacity at its Opel factory in Hungary and Volkswagen's Audi may also expand production at its plant, both seen as boosting investor sentiment toward the country.
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UAW aims to share in auto turnaround profit

The United Auto Workers union will aim to ensure that its members share in General Motors GM.UL, Ford Motor Co (F.N) and Chrysler profits in contract talks next year, President Bob King said on Monday.
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UAW chief to meet Fiat CEO and Italian suppliers

Senior officials from the United Auto Workers union will travel to Italy next week for a meeting with Fiat SpA (FIA.MI) Chief Executive Sergio Marchionne and a pitch to bring jobs to the United States for its suppliers.
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Renault slightly more upbeat on European market

Renault SA, which said in July it expected Europe's car market to contract by 7 to 9 percent in 2010, now expects a decline closer to 7 percent, as the end of subsidies have hit sales less than feared, a senior executive said on Thursday.
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Fiat’s fleet to re-launch in N. America

Italian car maker Fiat known for its modern yet simple models and environmentally-friendly cars with a dominating market in Europe is reintroducing the Fiat brand in North America.
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GM aims to grow capacity at China joint ventures

General Motors aims to sell at least 10 to 15 percent more vehicles in China next year, in line with the expected rate of growth in the world's biggest auto market, its China chief said on Thursday.
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Japan auto lobby says dollar at 85 not enough

The head of Japan's auto lobby warned on Thursday the current dollar/yen rate was not strong enough to prevent job losses at home, calling on authorities to keep taking decisive steps after intervening in the currency market a day earlier.
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Great Wall Motor in green car push in 2011

Chinese automaker Great Wall Motor Co Ltd will begin trial sales of its pure electric cars in the country next year, its chairman said on Thursday, tapping growing demand for clean energy vehicles.

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