AUTO

GM to start repaying $6.7 bln U.S. govt loan-source

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General Motors Co. will announce on Monday it plans to start repaying a $6.7 billion loan to the U.S. Treasury by year-end due to modest operating improvements, a source knowledgeable about the situation said.

Nissan says Leaf will compete on price, make money

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Nissan Motor Co Ltd will keep the price of its upcoming battery-powered Leaf competitive with similar-sized cars and expects to make money on the vehicle despite the cost of its launch, Chief Executive Carlos Ghosn on Friday.
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Hyundai expects '09 China sales to jump 83 pct

Hyundai Motor Group, South Korea's top carmaker, said on Thursday it expects car sales in China this year to jump 83 percent from 2008, led by new models and as economic stimulus measures spur demand in the country.
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Peugeot unveils 3.3 bln euro margin boost plan

Europe's second-biggest carmaker PSA Peugeot Citroen on Thursday raised its full-year outlook and unveiled a plan to lift earnings via productivity improvemenmts, costs cuts and more sales in emerging markets.
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Obama admin pay czar open to lateral pay offers

The Obama administration's pay czar said on Thursday his compensation rulings will allow General Motors Co and Chrysler Group to retain talent but is willing to consider lateral offers to hire new executives.
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Review: 1979 Mercedes-Benz 450sl R107?

Imagine it is thirty years in the future, 2029, and you are driving in a hard top convertible made in 2009. It has had three owners, and sports a healthy six-figures on the odometer.
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Ford Europe sales rise 13 percent in October

Ford Motor Co posted its best October sales and market share in a dozen years in its main 19 European markets on Wednesday, but warned that European countries and the EU needed to take further action to bolster auto demand in the region next year.
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Honda looks to China, India; no plan for Nano rival

Honda Motor Co is not betting on an immediate recovery in traditional markets and will focus on bright spots China and India, although it will not build an ultra low-cost car to take on Tata Motor's Nano.
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Dutch regulator fines GMAC unit over lending rules

Dutch market regulator AFM has fined GMAC Nederland NV, the local unit of bailed-out U.S. auto and home lender GMAC Financial Services, for not meeting rules on tighter standards for consumer credit and lending.
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Pay caps make it tough to hire execs: GM chairman

General Motors Co Chairman Ed Whitacre on Tuesday urged the Obama administration to give the automaker less restrictive pay caps and said it was too early to discuss the timing for the automaker to become a public company again.
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GM board approves plug-in Cadillac hybrid -sources

The board of General Motors Co has approved a plan to produce a plug-in hybrid for the luxury Cadillac brand that will adapt technology developed for the upcoming Chevrolet Volt, according to people briefed on the decision.
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Merkel says GM has to pay most Opel revamp costs

German Chancellor Merkel urged General Motors to quickly present a restructuring plan for its European unit Opel and said the U.S. automaker should not count on governments to shoulder most of the overhaul costs.
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Changan Auto claims China's No.3 spot with AVIC deal

The state parent of Chongqing Changan Automobile Co has agreed to take over major auto assets from aircraft maker Aviation Industry Corp of China, heeding Beijing's calls to speed up restructuring in the fragmented auto industry.
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Mercedes-Benz US CEO sees better sales ahead

Daimler AG's Mercedes-Benz premium auto division expects year-on-year U.S. sales growth in the next few months and the potential to increase its U.S. market share next year, U.S. Chief Executive Ernst Lieb said on Monday.
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China Oct car sales rise 75.8 pct on stimulus steps

China's passenger cars sales in October surged 75.8 percent from a year earlier, official data showed, extending the explosive growth in recent months as government incentive policies continued to lure customers.
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Audi volumes flat in Oct, tweaks car sales target

Volkswagen's premium carmaker Audi (NSUG.DE) tweaked its 2009 sales target higher by some 5,000 units to 925,000 vehicles, it said on Monday after revealing volumes edged 0.4 percent up in October.
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GM Oct China vehicle sales more than double year ago

General Motors Co said on Monday its China vehicle sales in October more than doubled from a year earlier, continuing a string of monthly sales records since the start of the year due to Beijing's stimulus policies.
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Probe finds jump in runaway Toyota complaints-paper

Over 1,000 Toyota and Lexus owners have reported sudden, spontaneous acceleration of their vehicles since 2001, including crashes blamed for 19 deaths, far more than earlier disclosed, the Los Angeles Times reported on Sunday.
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GM CEO starts Opel charm tour at Ruesselsheim HQ

General Motors Chief Executive Fritz Henderson was due in Germany on Monday to start talks aimed at soothing workers' tempers over the carmaker's plan to reorganize European arm Opel on its own.
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Opel unions see autonomy as condition to talks

Opel's top German labor leader said on Sunday he was willing to hold negotiations over a restructuring of the European carmaker under its parent General Motors so long as it gains greater independence.
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GM to stick to Opel cuts plan: future chairman

General Motors Co will probably stick to a plan to cut costs at Opel by 30 percent after deciding to restructure the European subsidiary itself rather than sell it, Bob Lutz, a GM executive set to become Opel's chairman, was quoted as saying on Sunday.
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Workers end strike at Indian supplier to GM, Ford

Workers at an India auto-parts maker have ended a six-week strike, which had hit supplies to General Motors and Ford and caused the shutdown of some North American plants, an official at the Indian firm said.
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Opel workers in Germany vent anger at GM

GM cited improving business conditions and the strategic importance of Opel, its European backbone, which also provides technology the group uses around the world.

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