AUTO

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GM CEO says U.S. will make money on bailout

General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June and could go public in a way that would allow taxpayers to make a profit on the bailout, Chief Executive Ed Whitacre said on Wednesday.

Chrysler names Fiat brand chief for N.America

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Chrysler hired a Volkswagen executive to lead the reintroduction of its Fiat brand in North America -- a brand that represents the core of the automaker's efforts to bring out fuel-efficient small cars.

Toyota, U.S. officials investigate runaway Prius

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U.S. safety regulators and Toyota dispatched teams on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier, as the automaker struggled to reassure consumers shaken by its recall crisis.
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Chocolate-powered racecar makes sustainability sexy

Fueled by leftover chocolate and with components made from carrots, potato starch and flax, the world's first sustainable Formula 3 racing car has a top speed of 135 miles per hour and can go from zero to 60 in 2.5 seconds.
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Drive The Famous Route 66

The famous Route 66 is a historic highway that ran from Chicago, Illinois and ended at the coastal city of Los Angeles, California.
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GM to pay vice chairman Girsky $5 million

General Motors will pay Stephen Girsky, recently appointed vice chairman in charge of corporate strategy and business development, around $5 million a year, mainly in stocks, the company said on Friday.
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Toyota sued over deaths in key California crash

Relatives of a California state trooper and three family members whose fatal car wreck helped spark Toyota's wide-ranging safety recall have sued the automaker for defects they say caused the vehicle to speed out of control and crash.
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Bollore, Pininfarina set electric car plans

An electric car developed by French financier Vincent Bollore and Italian car designer Pininfarina SpA may be available by autumn, Bollore told Reuters at the Geneva auto show.
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Ford to tout fuel economy of new Mustang

Ford Motor Co, aiming to take back the top spot in U.S. sports car sales, will tout the improved fuel economy of the Mustang in a marketing blitz to correspond with the release of 2011 model this spring.
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Little room for hybrids, EVs in Europe for a decade

Hybrid and electric cars are the stars of motor shows, but the expensive technologies could take a decade to really hit European roads as automakers improve petrol and diesel cars to meet short-term emissions targets.
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US failed on Toyota safety, fixes needed: senator

Toyota Motor Corp let profits trump decision-making on safety and U.S. regulators failed to aggressively oversee the automaker in the years leading up to recent big recalls, a leading U.S. senator said on Tuesday.
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Nissan unveils new compact car, sees 1 million sales

Nissan Motor unveiled its much-awaited low-cost compact car aimed at becoming a major force in the fast-growing segment, targeting global sales of 1 million units with the roll-out of a family of compact cars by 2013.
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AUTOSHOW-FACTBOX-Cars on show in Geneva

Carmakers will be keen to show off new green technologies at the Geneva Auto Show, opening this week, as economic uncertainties and waning scrapping schemes make forecasting this year's sales trends difficult.
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Fiat's Alfa Romeo to unveil key car in Geneva

Italy's Fiat unveils the Alfa Romeo Giulietta at this week's Geneva auto show, and while analysts do not believe the brand is under threat, they say the new hatchback is a test of its revival.
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Toyoda slips into China on damage control mission

Toyota Motor Corp President Akio Toyoda sought to ease quality concerns during a low-key visit to China on Monday, fresh from a grueling hearing in the U.S. Congress over his company's biggest safety crisis.
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Jaguar Land Rover boosts Tata Motors profits

Tata Motors, India's top vehicle maker, reported a rise in sales and margins at its Jaguar Land Rover (JLR) unit as luxury buyers returned after the global crisis, helping send its shares up more than 6 percent.
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Toyota workers worry but back embattled boss

Anxious Toyota workers in the automaker's hometown rallied behind their president after he faced a grilling from U.S. lawmakers over the company's safety problems, but many fear the crisis is far from over.
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Geely says to buy Chinese special vehicle maker

The parent company of Geely Automobile Holdings Ltd said on Thursday it plans to buy Chinese special vehicle maker Zhejiang Zhongyu Automobile Co as it moves to expand its product portfolio.
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Honda launches CR-Z hybrid, says margins higher

Honda Motor Co on Thursday launched the sporty CR-Z model, its second in a line of low-cost hybrid cars aimed at meeting stricter environmental regulations and expanding sales in the tough global car market.
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GM to wind down Hummer after China sale fails

ral Motors Co will wind down its Hummer SUV line after failing to complete a deal to sell the brand to China's Sichuan Tengzhong Heavy Industrial Machinery, the automaker said on Wednesday.
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GM must raise share of Opel costs to get aid: paper

General Motors should raise its share of the reorganization costs for its European arm Opel in order to get state aid from Germany, Handelsblatt newspaper reported on Monday, citing German government sources.
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VW unit Skoda to produce new model: report

Volkswagen's Czech unit Skoda Auto has plans for a new model, its union's weekly newsletter reported, although details of its pricing and production schedule are still not certain.

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