AUTO

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NEWSMAKER-Geely's Li to go global with Volvo deal

Geely founder Li Shufu, China's Henry Ford, looks set to rewrite the automotive history books this weekend with the purchase of Ford's Volvo car unit, which would be China's largest offshore auto deal.

TIMELINE-China carmakers eye global brands

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U.S. carmaker Ford Motor Co looks set to sign the deal to sell its Swedish Volvo unit to China's Geely on Sunday, in what would be the largest-ever purchase of a foreign automaker by a Chinese counterpart.

Toyota warned dealers of crash risk in 2007

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When Toyota Motor Corp concluded that seemingly harmless floormats posed a danger in all of its cars and trucks, the automaker sent a stark warning intended to prevent crashes.
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SEC says Daimler made $56 million in bribe payments

Car and truck manufacturer Daimler AG allegedly earned $1.9 billion in revenue and at least $91.4 million in illegal profits from transactions tainted by bribes, according to the U.S. Securities and Exchange Commission.
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Fiat reported to cut 5,000 jobs, shares rally

Industrial group Fiat SpA aims to raise the number of job cuts in Italy to 5,000 and may spin off its car activities sooner than thought, an Italian newspaper said on Wednesday, sharply boosting its shares.
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GM unveils electric concept car for mega-cities

General Motors unveiled a new electric concept car in China on Wednesday , aiming to burnish its image as a supplier of non-polluting cars tailored to the crowded mega-cities of the future.
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Daimler renews commitment to EADS pool

German carmaker Daimler has renewed its commitment to a EADS shareholder pool, leaving a politically sensitive Franco-German balance of power at the European aerospace group intact.
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U.S. says driver error possible in NY Prius crash

U.S. safety officials believe driver error may be behind the crash in New York of a Toyota Motor Corp Prius that has been investigated as a possible case of unintended acceleration, federal investigators said on Thursday.
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Kia Motors plans 100 mln euro Slovak plant

South Korea's No. 2 carmaker Kia Motors said on Thursday it will invest 100 million euros ($137 million) building a new engine plant at its assembly site in Slovakia.
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UK to give loan guarantee for Ford

Britain announced hundreds of millions of pounds in aid to Ford Motor and Nissan Motor for the development of environmentally friendly technologies as it seeks to become a world leader in ultra low-carbon vehicles.
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California police report supports Prius driver

A California Highway Patrol report released on Wednesday in a sensational runaway Toyota Prius incident appears to support the version of events given by the driver, which the automaker has called into question.
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Canadian MPs accuse Toyota of sitting on info

Canadian lawmakers accused Toyota Motor Corp executives on Tuesday of waiting too long to inform the government of problems with faulty accelerators in some of the company's vehicles.
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BMW sees 2010 results improving across business

BMW, the world's biggest premium carmaker, forecast a hefty rise in 2010 pretax profit with better results across its entire business, boosted by new car models like its popular BMW 5 Series.
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Honda gets 8,000 orders for CR-Z sports hybrid

Honda Motor Co said on Tuesday it had received about 8,000 orders for the CR-Z sporty hybrid car in Japan after less than three weeks on the market, or eight times the monthly sales target of 1,000 units.
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Toyota says no evidence runaway Prius happened

Toyota Motor Corp said on Monday it had found no evidence to support the driver's version of a widely publicized runaway Prius episode a week ago, suggesting that authorities examine whether the incident happened as reported to police.
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GM's Russia reorganization sparks fears at Opel

Opel workers demanded reassurances that its European brand will not be disadvantaged at the expense of sister brand Chevrolet, after Opel lost responsibility for the Russian region to an Asian arm of General Motors.
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Toyota discounts boost sales

Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures.
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Nissan launches first Thai-promoted eco-car

Nissan Motor launched its much-awaited, low-cost compact car on Friday, aiming to become a major force in the fast-growing segment with a global sales target of one million units a year by 2013.
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Timeline: Global recalls in the auto industry

Daihatsu Motor Co, a unit of Toyota Motor Corp, said on Thursday it would recall more than 274,000 Hijet and Atrai wagon models in Japan to fix a loose knuckle joint in the front wheels.
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U.S. bailout watchdog criticizes Treasury over GMAC

The U.S. Treasury's decision against a bankruptcy restructuring for GMAC may have increased taxpayer bailout costs for the auto finance company and made it less viable, an oversight group said on Thursday.

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