AUTO

Small car rush may create U.S. oversupply

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A new lineup of small cars slated for showrooms next year may create an oversupply of compact vehicles in the U.S. market at a time when gas prices remain stable, an industry forecasting firm said on Tuesday.
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GM board to get early update on CEO search: source

The board of General Motors Co will get an update on the search for a new chief executive by next month as a recruiting firm compiles a short list of candidates, a person familiar with the process said.
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Daimler sees Mercedes sales up significantly in Q4

Daimler expects fourth-quarter sales volume at its Mercedes-Benz passenger car division to rise considerably in the fourth quarter as weak year-earlier figures helped flatter growth rates in November.
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Jumbo buy of Super de Boer gets watchdog approval

Dutch grocer Super de Boer said on Monday the competition authority had approved its sale to rival Jumbo, and Chief Executive Jan Brouwer, who helped lead the company back to profitability, would resign.
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GM, China partner take aim at booming India market

General Motors and its Chinese partner SAIC Motor are to make small cars and commercial vehicles in India, taking a successful 12-year Chinese partnership into one of the world's fastest growing auto markets.
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Tesco to flag solid Christmas, eyes on 2010

Tesco Plc, Britain's biggest retailer, is set to join rivals in flagging solid pre-Christmas trading next week, but investors will be casting a wary eye on 2010 as the government unveils its budget plans.
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GM's Lutz sees limited share for electric cars

General Motors Co sees limited sales of electric cars over the next five years and will ramp up output of its much-anticipated Volt plug-in cautiously, the automaker's vice-chairman said on Wednesday.
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SKF CEO says auto unit strong in Q4, wary of 2010

Sweden's SKF said on Thursday its automotive business had fared better than expected so far in the fourth quarter, but warned the phasing out of incentive schemes in Europe could dent sales going into 2010.
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Ex-Ford execs lead rival bid for Volvo - WSJ

A group led by former Ford Motor Co executives has submitted a revised bid this week for Ford's Volvo unit and hopes to beat the offer by Chinese carmaker Zhejiang Geely Holding Group, the Wall Street Journal reported citing people familiar with the situation.
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GM Board Replaces CEO with Chairman Whitacre

General Motors Co's chief executive Fritz Henderson abruptly resigned on Tuesday, after the company's board decided the automaker needed to push its restructuring faster under new leadership.
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GM CEO departs in shakeup by board

General Motors Co's chief executive, Fritz Henderson, abruptly resigned on Tuesday, after the company's board decided it wanted to chart a new course for the restructuring automaker.
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Fiat CEO says plans unchanged, output rise possible

Fiat SpA Chief Executive Sergio Marchionne hinted that government targets of a boost in production to 900,000 vehicles a year in Italy were achievable, but said he still planned to end car output at a Sicily plant.
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PREVIEW-U.S. Nov auto sales to show slow recovery

Major automakers are expected to report flat U.S. auto sales for November from a year ago -- another sign the industry is on the mend after a bruising downturn that forced extensive restructuring early this year.
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Peugeot-Citroen says assessing Indian mkt entry

MUMBAI - Europe's second-biggest carmaker PSA Peugeot Citroen is exploring various entry routes into the Indian automobile market but has not yet taken a decision, a spokesman for the group said on Monday.
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GM's Saab says talking to possible buyers

U.S. auto giant GM's Saab Automobile said on Friday it was talking to possible buyers, days after tiny Swedish sportscar maker Koenigsegg pulled out of a deal to take over the closure-threatened unit.
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Subaru marches on in U.S. but more work ahead

Subaru maker Fuji Heavy Industries continues to charge ahead in the key U.S. market with sales seen jumping by a fifth this month, but it faces a lot of work to boost its earnings power, its CEO said on Friday.
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Volkswagen to pour $3.5 billion into Brazil '10 to '14

Volkswagen, Europe's largest carmaker, plans to invest up to 6.2 billion reais ($3.5 billion) in Brazil from 2010 through 2014 as it aims to become the country's biggest carmaker, the company's Brazilian head said on Thursday.
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Hyundai-Kia targets rapid China growth in 2010

Hyundai-Kia Automotive Group, the world's No. 5 automaker, aims to grow at twice the market rate next year in China, as consumers in the world's largest auto market snap up its affordable, quality cars.
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Hitler's favorite car makes comeback?

A car expert says he has tracked down Hitler's favorite Mercedes to a garage near the town that helped the Austrian-born Fuehrer become a German citizen.

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