AUTO

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Hyundai July car sales fall to 5-month low

Hyundai Motor reported its weakest monthly sales in five months on Monday, as foreign sales slowed on easing demand growth from major markets such as China and the United States.

Ford apologizes for Fiesta delays, offers cash

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Ford Motor Co has acknowledged shipments of its all-new Fiesta are weeks behind schedule and apologized to still-waiting U.S. customers in a bid to protect one of its most important vehicle launches of the year.
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China's Geely completes Volvo buy

China's Geely on Monday completed its purchase of Ford Motor Co's Volvo unit, marking China's biggest acquisition of a foreign car maker and reflecting the nation's rapid rise in the auto world.
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Obama, aides say automakers on track

General Motors Co and Chrysler are now on an orderly course a year after their government-brokered bankruptcies, with the Obama administration hopeful GM can seek a public offering of shares this year.
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GM bullish on Thailand in booming Southeast Asia

General Motors Co believes vehicle sales in Thailand could rise to more than 700,000 units this year as the economy proves resilient to recent political unrest and grows along with the rest of Southeast Asia.
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Toyota pushes back U.S. Prius production by years

Toyota Motor Corp has pushed back plans to build its Prius in the United States by as much as six years, with a top executive saying U.S. production is likely to start only when the best-selling hybrid is remodeled.
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Nissan to spend $600 million on Mexico plant upgrade

Japan's Nissan Motor Co said on Tuesday it will spend $600 million to upgrade its plants in Mexico and start making three new low-cost cars there, positioning Mexico as its supply hub for the Americas markets.
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Daimler now sees $7.8 billion 2010 operating profit

Daimler expects rising demand for its most expensive Mercedes-Benz models to drive operating profit to 6 billion euros ($7.8 billion) in 2010, its best result since the auto industry boom that peaked three years ago.
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Nissan: Japan orders for new March shatter target

Nissan Motor Co said orders in Japan for the revamped March subcompact reached 12,147 units as of Sunday, representing more than three times the monthly target after less than two weeks on the market.
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Ford profit tops Wall Street forecasts

Ford Motor Co posted a stronger-than-expected quarterly profit of $2.6 billion and said it was on track for higher earnings and lower debt in 2011, sending its shares up 3 percent in premarket trade.
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GM plans to file for IPO during week of August 16: sources

General Motors Co plans to file its registration for an initial public offering during the week of August 16, just after the expected date for its second quarter results, according to two people with direct knowledge of the preparations.
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Strikes end at two Chinese automotive suppliers

Chinese factory workers at two suppliers for foreign automakers returned to work on Thursday after winning hefty pay rises, ending strikes that again highlighted the carmakers' vulnerability to their China suppliers.
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Volvo Q2 beats forecast on demand recovery

World number two truck maker Volvo AB delivered forecast-beating second-quarter earnings, due to a pick up in truck demand, cost cuts and growth in its construction division.

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