Result Page 50 for Latest Auto News & Archive

Global carmakers see H2 trouble

Global carmakers are braced for a slide in second half sales as scrappage schemes are phased out and cautious consumers pull back from big-ticket buys in the face of economic uncertainty.

U.S. experts begin review spurred by Toyota recalls

A U.S. scientific panel will conduct a broad review of vehicle electronics to see if they pose safety risks, an investigation prompted by massive Toyota Motor Corp recalls for unintended acceleration.

U.S. auto sales stalling and recovery in doubt

U.S. auto sales for June slipped from the pace of recent months, analysts say, raising doubts about whether the industry's recovery is faltering even before it delivers the second-half upturn automakers expected.

Ford pays down $4 billion in debt

Ford Motor Co said it is paying $3.8 billion in cash to settle a debt to a health care trust in a signal of its confidence that it remains on track to deliver solid profits this year.

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Magna postpones share vote, to make disclosures

The vote on Magna International Inc's plan to pay its founder nearly $900 million to give up his controlling shares will go ahead, but only after the company complies with an order by an Ontario regulator to give shareholders more information on the deal.

Volkswagen to shake up Porsche board: report

Volkswagen plans to shake up its management at Porsche SE, as it looks to strengthen its hold on the automaker.

Carmaker Volvo poaches VW executive as CEO: paper

Premium-car maker Volvo, which Ford is selling to China's Zhejiang Geely, has hired the head of Volkswagen's North America business as its chief executive.

2010 Mercedes-Benz E300 L (Long-Wheelbase)

The E 300 L is actually the first model that Daimler developed specifically for the Chinese market

Honda new hybrid to be cheapest one in Japan: report

Honda Motor Co 's new hybrid car will cost one fifth less than the cheapest hybrid on the Japanese market, according to a newspaper report -- a move that may make hybrids low profit margin models for automakers.

Geely lines up regional investor for Volvo buy

Auto maker Zhejiang Geely said on Thursday it was teaming up with Chinese regional asset manager Daqing State Asset Operation Co in its planned $1.8 billion takeover of Ford Motor Co's Volvo Cars unit.

Ford Motor to invest $450 million in new Thai plant

Ford Motor Co plans to invest $450 million to build a new manufacturing plant in Thailand, with the bulk of the output destined for export markets as part of its expansion in Asia Pacific.

Toyota says China plant output to remain suspended

Honda Motor Co halted production at a car making factory in southern China on Wednesday, making it the second car maker after Toyota Motor Corp to turn off assembly lines because of a strike at a supplier owned by Japan's Denso Corp.

Honda: China plants to restart, supplier strike ends

Honda Motor Co said production at Chinese joint venture Guangqi Honda's two factories would resume on Thursday after a one-day disruption caused by a strike, now ended, at a Chinese factory of Japan's NHK Spring (5991.T).

Fiat keeps Naples plant future in limbo

Car maker Fiat SpA stopped short of sealing its near $1 billion investment for the survival of its Naples plant after less than full labor support for plans to boost productivity there.

BMW sticks to FY sales target despite early jump

German premium carmaker BMW is sticking to a single digit percent 2010 sales growth forecast, despite outperforming in the first five months, as tougher comparatives and global fiscal changes kick in.

China labor strife silences Toyota, Honda plants

Japanese auto makers Toyota and Honda said major car factories in south China halted work on Wednesday due to strikes at parts suppliers, as worker discontent continued to jolt the industry and unnerve investors.

Analysis: Ethanol blend rise may revive auto industry

U.S. automakers oppose raising the blend of ethanol in gasoline from the current 10 percent, saying cars won't run as well on higher blends, but Brazil's experience shows their arguments are weak.

New strike in China affects supplier to Toyota and Honda

A strike at a Japanese car parts supplier in southern China forced Toyota Motor Corp to suspend production at a Chinese auto assembly plant on Tuesday, the latest in a string of labor-related disruptions at foreign-owned manufacturers across the country.

US ethanol blend rise may revive auto industry

U.S. automakers oppose raising the blend of ethanol in gasoline from the current 10 percent, saying cars won't run as well on higher blends, but Brazil's experience shows their arguments are weak.

Toyota, EDF trial plug-in Prius in Britain

Japanese carmaker Toyota UK and French utility EDF are starting three year trial of the Plug-In hybrid Prius car in Britain, the companies said on Monday.

Toyota to make Corollas in Mississippi in 2011

Toyota Motor Corp is resuming construction of a plant in Mississippi that was put on hold during the economic downturn, and plans to make its top-selling Corolla sedan there starting in autumn 2011.

Ford jumps and Toyota plunges in key quality measure

Ford Motor Co ranked No. 1 for new car quality among mass-market brands while recall-hit Toyota Motor Corp plunged in a closely watched quality survey released on Thursday.

UAW elects veteran Ford negotiator president

The United Auto Workers on Wednesday overwhelmingly elected Bob King as its president in an endorsement of the sweeping concessions the union made to U.S. automakers in recent years in a bid to ensure their survival.

Toyota revives Brazil and U.S. plant projects: report

Toyota Motor Corp is set to resume construction of car assembly plants in Brazil and Mississippi which were put on hold amid the global financial crisis, the Nikkei business daily said on Thursday.

GM to restructure Opel without European aid

General Motors said on Wednesday it was dropping its request for European aid to restructure its Opel unit, opting to fund the sweeping turnaround plan on its own after government talks bogged down.

VW shrugs off 2010 caution after bumper 5 months

Volkswagen shrugged off previously cautious outlooks for 2010 profit, saying a forecast-beating performance in the first five months meant it would now significantly exceed last year's results.

Volkswagen aims for 4 percent U.S. market share

Volkswagen AG sees the newest Jetta model bolstering U.S. sales of the car by as much as 25 percent by 2012, helping the automaker seize up to 4 percent of the U.S. auto market.

Tesla to raise $185 million from IPO, private placement

The company said the IPO of 11.1 million shares will be priced at $14 to $16 per share.

Honda China strike could spur broader worker demands

A strike at a Honda Motor parts supplier in southern China could augur broader demands across China's vast manufacturing belt as workers seek a bigger piece of the nation's growing economic wealth.

Chrysler says generating cash, building momentum

Chrysler is generating the cash needed to rebuild its product portfolio as sales continue to gain momentum, Chief Executive Sergio Marchionne told employees on Friday.

GM bans use of Chevy brand name internally

General Motors Co has banned the use of the popular Chevy nickname for its flagship Chevrolet brand internally but would more than welcome if a customer calls his or her car Chevy.

Chrysler recalls nearly 600,000 vehicles

Doors that could catch fire, brakes that could fail and accelerators that could stick have caused Chrysler Group LLC to recall nearly 600,000 vehicles involving five models in the United States.

Changan to make Ford car under own brand: sources

Chongqing Changan Automobile is in talks with partner Ford Motor to produce a mid-sized car in China using Ford technology but carrying a Changan brand, as they move to take their partnership to a new level.

Daimler would welcome Chinese shareholders: CFO to media

Daimler would welcome having Chinese investors as shareholders and will itself remain a major owner of aerospace giant EADS, the German carmaker's Chief Financial Officer was quoted as saying.

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