AUTO

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Chrysler reaches deal to acquire Michigan plant

Chrysler Group LLC reached a deal on Thursday with the shell company holding its old assets to acquire a Sterling Heights, Michigan, assembly plant for $20 million, according to U.S. Bankruptcy Court documents.

Honda says new hybrid system for big cars in sight

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Honda Motor Co has taken a big step toward developing a new hybrid system for larger cars, its head of automobile research and development said on Friday, indicating a finished product could be about three years away.

Spyker will need more money to sell more Saabs

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Spyker will have to raise more cash in order to make its $400-million acquisition of Sweden's Saab sustainably profitable amid gut-wrenching changes in the global automobile industry.
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Corolla probe threatens Toyota brand

Toyota Motor Corp braced itself for further damage to its brand on Thursday, as it waited to hear if a U.S. probe into steering complaints would lead to another recall of its flagship Corolla model.
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Ford to launch new Mercury small car in 2011

Ford Motor Co will launch a new small car for its Mercury brand in early 2011, based on the automaker's new global compact car platform, Ford President of the Americas Mark Fields said on Sunday.
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Toyota to review electronic throttle again: report

Toyota Motor Corp has decided to conduct another review of electronic throttle control systems that have been linked with unintended acceleration problems in its cars, the Yomiuri newspaper reported on Monday.
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GM leads foreign charge to low-end China car market

Foreign automakers enjoying success in China may be gearing up to take on local players in the high-volume but competitive low-end market, following General Motors' recent roll-out of a model priced as low $8,300.
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Dealers see short-term hit from Toyota

Toyota Motor Corp's safety recalls will hurt U.S. dealer sales in the first quarter but payments from Toyota for the repairs will offset any dealer losses over the rest of the year, two major U.S. auto dealership groups said on Thursday.
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Volkswagen recalls 200,000 cars in Brazil

Volkswagen is recalling close to 200,000 units of its Novo Gol and Novo Voyage models built in Brazil for the local market, VW's third-largest, due to insufficient grease in rear wheel bearings in some cases.
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Honda India revives plan for second plant

Japan's Honda Motor Co's Indian car unit has revived plans for production at its second plant in India due to a surge in sales last year, a senior company official said.
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Toyota Canada puts focus on retaining customers

Toyota is aiming its Canadian advertising dollars at reassuring existing customers worried by the company's recent safety woes, rather than winning new buyers, even though the move may hurt February sales numbers, a top Toyota Canada executive said on Thursday.
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Group 1 quarterly revenue rises

Group 1 Automotive Inc posted a quarterly operating profit and its first increase in same-store sales in years, the U.S. auto dealership group said on Thursday.
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Lawmaker invites Toyota president to Washington

A Republican lawmaker said on Wednesday he is inviting Toyota Motor Corp President Akio Toyoda to meet members of Congress the week of February 22, but the automaker said the executive's travel plans had not been determined yet.
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Life on the Toyota factory line

Kazuo Akatsuka, 55, lives a life that is dominated, for better or worse, by his employer, Toyota Motor Corp, and right now it's got him a little worried.
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Honda sees over 10 percent rise in China sales in 2010

Honda Motor said on Wednesday it aims to sell at least 632,200 vehicles in China this year, up 10 percent from 2009, though the pace of growth will likely slow compared with a surge last year due to government incentives.
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Inside Toyota's epic breakdown

Toyota Motor Corp was not accustomed to outsiders telling it what to do, let alone some obscure bureaucrat from the United States.
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Toyota recall: were red flags missed?

As the U.S. Congress gears up to delve into Toyota Motor Corp's (7203.T) massive global vehicle recall, the question they face is whether the automaker and regulators misread or ignored rising consumer complaints.
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Toyota hearing delayed, regulators review Corolla

A U.S. congressional committee postponed a hearing scheduled for Wednesday to examine recent vehicle recalls and how Toyota Motor Co and regulators responded to reports of safety problems with big-selling cars.
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U.S. to continue investigation into Toyota Prius

The U.S. government will continue its investigation into 2010 Prius hybrids over braking complaints even though Toyota Motor Corp has announced a recall of that model, the Transportation Department said on Tuesday.
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Spyker gets financing to close Saab deal

Dutch sports car maker Spyker Cars on Monday said it has secured the financing to close its purchase of the Swedish auto brand Saab from General Motors, but still has not secured the funds for a required subsequent payment.
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Safety critic says Toyota has ducked problem

A consumer advocate set to testify this week in a congressional probe of safety issues at Toyota Motor Corp said on Sunday the automaker had skirted a full investigation of unintended acceleration in its vehicles and faced a risk of growing recalls.
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Toyota readies global Prius recall

Toyota Motor Corp is preparing a recall of its new Prius hybrid car in Japan as early as Tuesday, followed by similar steps in the United States, Europe and other markets, a source familiar with its plans said.
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Smart power key as EU sparks electric car debate

Electric cars must be backed by smart power networks if they are to help the world's climate problems, environmentalists warned on Monday as European ministers prepared to debate a strategy for the sector.
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US begins probe of Prius as Toyota woes mount

In the latest blow to Toyota Motor Corp, U.S. safety regulators opened a formal probe on Thursday into problems with the brakes of the Prius, the world's top-selling hybrid and a vehicle that has powered the automaker's reputation for fuel-efficiency.
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Toyota's $2 bln recall hit to keep it in the red

Toyota Motor Corp expects costs and lost sales from its massive safety recall to total $2 billion by the end of March, keeping it in the red for the year despite its strongest profit in six quarters.
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Ford, GM outsell recall-wracked Toyota

Ford Motor Co posted a 24 percent increase in U.S. sales for January and outsold Toyota Motor Corp as the Japanese automaker was sent reeling by a massive recall of some of its top-selling vehicles.

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